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4 Israeli innovators reshaping real estate

PlaceTech.
10/8/2020

Tech investor Oded Eliashiv shares his pick from his stable of startups. With Covid-19 continuing to impact the property world, a number of innovative Israeli proptech companies are developing creative ways to assist building owners, managers, and agents during these difficult times. According to IVC Research Center, there are approximately 8,300 active startups in Israel. These include a growing number of proptech companies, some of which are already active in the European market….

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Aluminum Maker Seeks Low-Carbon Market

Wall Street Journal
10/8/2020

What if you can make something with fewer greenhouse-gas emissions than your competitors, but get no financial benefit? It’s a business problem Gregory Barker is trying to solve. Mr. Barker is the executive chairman of En+ Group PLC, the world’s largest aluminum maker outside China. It uses hydroelectricity to power smelters in Siberia that make aluminum with one-fifth the emissions of rivals in China burning coal.

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Redaptive Closes On $150M For Energy Efficiency Technologies

Crunchbase
10/8/2020

Redaptive, an Efficiency-as-a-Service tool for commercial and industrial customers, secured $150 million in private placement funding after raising $6.5 million earlier this year.

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The Rise of Digital B2B Payments and Why We’re Excited about AvidXchange

Sapphire Ventures
10/8/2020

The global payments market is enormous. The industry is $240 trillion in size, which is larger than the global GDP of roughly $85 trillion*. Over the past decade, startups and established players have capitalized on this opportunity by modernizing the payment process for consumers. But the business-to-business payments space, which is actually much larger than consumer payments, remains antiquated and ripe for disruption.

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Opendoor discloses that it’s under federal investigation

Housingwire
10/8/2020

Opendoor has officially filed its announcement to go public after announcing its merger with Social Capital Hedosophia Holdings Corp. II in September. But the filing also revealed that Opendoor is under investigation by the Federal Trade Commission over its advertising practices. According to the filing, Opendoor in 2019 received a civil investigative demand….

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Largest Rental Homeowner Adds Funding to Purchase More Houses

Wall Street Journal
10/8/2020

Real-estate investors have a mountain of money looking for a home. Lately a lot of it is ending up in suburban single-family houses. Invitation Homes Inc., INVH 1.44% the country’s largest rental-home owner, on Wednesday disclosed a joint venture with Boston property investor Rockpoint Group LLC that will result in more than $1 billion for the landlord’s ongoing house hunt….

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Prescriptive Data Selected By KPMG For Climate Accounting & Carbon Trading Program

Prescriptive Data
10/8/2020

Prescriptive Data, a privately-held smart building technology company focused on using artificial intelligence to optimize tenant comfort and decrease carbon emissions, announced yesterday that KPMG LLP (KPMG) has selected its flagship building operating system, Nantum OS, to be deployed as part of its new patent-pending blockchain capability, Climate Accounting Infrastructure (CAI).

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Newmark Group Rejects Cushman & Wakefield Offer

The Real Deal
10/8/2020

Newmark was not interested in the deal, in part because Cushman carries a high debt load, sources with knowledge of the offer told Bloomberg News. Cushman has about $3.8 billion in debt, which is larger than its market capitalization of roughly $2.6 billion.

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Announcing Dealpath Connect data integration with JLL Investment Center

Dealpath
10/8/2020

Dealpath Connect will replace the need to constantly (and manually) review and process deal flyers, teasers, and OMs sent in from brokerage firms. The integration will enable Dealpath clients to directly receive the offerings in a digital format, in their Dealpath accounts – qualified listings can be moved into the deal pipeline for CA signing and due diligence, streamlining the engagement between the buy-side and sell-side.

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VTS debuts real-time data for commercial leasing

The Real Deal
10/7/2020

As companies wrestle with the return-to-work question, VTS is arming landlords with a new tool: data that captures fluctuating supply and demand in real time. The New York startup said VTS Data, which launched today, is a first-of-its-kind product for investors and owners, who have historically relied on anecdotal information and dated market reports.

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