Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • RedTeam Announces $5 Million Investment from JettyCove to Fuel its Growth in the Construction Industry

    GlobeNewswire

    ORLANDO, Fla., Sept. 21, 2020 (GLOBE NEWSWIRE) — RedTeam, a construction management platform for commercial contractors, today announces it has received a $5 million investment from JettyCove, a private equity firm focusing exclusively on technology companies. This investment will be used to help RedTeam deliver a host of new features for its growing customer base, and increase the visibility of its brand within the commercial construction industry….

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  • WeWork Sells Majority Stake in China Business

    Wall Street Journal

    WeWork is selling control of its China business, the latest sign that the company is abandoning its former rapid growth approach and looking to reduce risk. A group led by investment firm Trustbridge Partners paid $200 million to increase its stake in WeWork China, which leases and effectively sublets office space in the country, the companies said.

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  • CREtech’s webinar, “Building a Better Future.”

    LMRE

    The webinar was led by Steve Weikal, Head of Industry Relations for the MIT Center for Real Estate and he was joined by Co-Chairs Lindsay Baker and Brendan Wallace of Fifth wall. The focus was on the importance of the Real Estate industry in becoming more innovative and adopting new technologies so that we can ultimately become a true zero carbon world. The question is, how can we get there from where we are today as the current path we are on isn’t leading us there.

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  • Venture capital firm Hetz Ventures closes $77 million second fund, despite Covid-19 restrictions

    CTECH

    Israel-based Hetz Ventures has closed its second flagship fund totaling $77 million, bringing its total amount to $130 million. The company, which focuses on early-stage pre-seed companies, has invested in 10 companies since its launch in 2018.

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  • As Concerns Over Climate Change Rise, More Developers Turn to Wood

    The New York Times

    With environmental benefits and lower labor costs, mass timber has grown into a market that could rival steel and concrete in the construction industry.

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  • CREtech Match: EARLY BIRD SALE ENDS TODAY

    CREtech

    CREtech Match is the first online networking-only event in the real estate tech sector. Backed by Brella’s incredible AI-powered matchmaking functionality, CREtech Match will enable you to connect with the largest and most important real estate tech professionals in the world. All without leaving your desk….

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  • This Is Our City’: Why Scott Rechler Is Bringing RXR Back To The Office, Making Bankers Ride The Subway

    Bisnow

    The ever-optimistic real estate industry has publicly expressed confidence in New York City’s ability to come back from the coronavirus pandemic’s economic blow, citing its recovery from the 9/11 terrorist attacks and the Great Financial Crisis. But that famous Big Apple resilience hasn’t shown up yet, and even New York commercial real estate luminaries like RXR Realty CEO Scott Rechler are coming to grips with that reality.

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  • Zillow Launches Residential Brokerage

    The Real Deal

    Previously, Zillow relied on local brokerage partners to represent it when it purchased homes. Zillow’s iBuying is a burgeoning piece of its business, and by bringing that work in-house, Zillow said it hopes to make the transaction smoother for homeowners.

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  • Apartment Startup Common Bets on Expansion Despite Pandemic

    Wall Street Journal

    Apartment rents in big cities are dropping, but some entrepreneurs and venture investors are still making long-term bets on the housing industry. Co-living and rental-apartment management company Common completed the raising of $50 million in new venture capital this month, becoming the latest apartment startup to wager it can expand despite the pandemic. Earlier this summer, apartment-development startup Juno Residential Inc. launched with $11 million in venture funding.

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  • In case you missed it, watch the FULL video recap of Building a Better Future: A preview of our Sustainability Summit

    CREtech

    From smart buildings to smart cities, two of the most influential and important voices in the world of real estate sustainability discuss how the real estate industry can take the lead in “Building A Better Future”. Lindsay Baker, Sustainability Consultant for the CREtech Global Innovation Consulting Practice and Brendan Wallace, Co-Founder & Managing Partner at Fifth Wall, are serving as the Co-Chairs for CREtech’s upcoming Reimagining Real Estate Sustainability Summit, Part 1 focused on US…

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