Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

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Cadre Hits Gas Pedal With New Offerings, Hires and A Commitment To Minority Investments

Bisnow
9/22/2020

Cadre founder and CEO Ryan Williams says that his investment platform is “back in growth-and-offense mode,” despite the coronavirus pandemic that is still gripping the world. The online commercial real estate marketplace has now launched an offering called Cadre Cash, which allows members who have already invested in real estate on Cadre’s platform to establish a savings account, for which Cadre is guaranteeing a 3% return, CNN reports.

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Proptech Has Taken A Step In The Right Direction But Needs Far More Than Diversity Clauses To Diversify, Leaders Say

Bisnow
9/21/2020

Proptech, one of real estate’s most successful but least diverse sectors, is attempting to address its racial and gender inequality gaps by going directly to the source: money and how it should be invested.

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Ming Yuan Cloud Group Moves on Hong Kong IPO

The Real Deal
9/21/2020

The Shenzen-based proptech firm plans to launch an initial public offering later this month, making it the first software-based Chinese proptech firm to debut on the Stock Exchange of Hong Kong this year, according to the South China Morning Post. Ming Yuan Cloud started taking share orders this week and trading is scheduled to begin on September 25.

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Google has offset all the carbon it has ever produced, says CEO Sundar Pichai

Business Insider
9/21/2020

Google announced Monday that it has offset all its historical carbon emmissions, claiming to be the first major company to do so. The tech giant’s CEO Sundar Pichai says it has offset all the carbon it has ever produced since it first launched in 1998. In a blog post on Monday, he said Google is aiming to run all of its campuses and data centers entirely on carbon-free energy by 2030, which is the company’s “biggest sustainability moonshot yet.”…

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Coronavirus Recasts Startups’ Courtship of Investors

Wall Street Journal
9/21/2020

For startups and venture-capital firms, investing used to be a decidedly low-tech exercise. They would try to draw attention at industry conferences, size each other up over long lunches, belly up to the bar or make their pitches during walks along San Francisco’s waterfront.

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Amid the Pandemic Real-Time Data Becomes Key to Many CRE Decisions

GlobeSt
9/21/2020

Real time data is fast becoming not only a key tool CRE is using to fight the pandemic but it is also causing the industry to realize it is essential for ordinary tasks as well. One of the silver linings of the pandemic has been that it is turning out to be a catalyst for its widespread use, JLL posits in a new post.

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Amazon Announces First Recipients of Investments from $2 Billion Climate Pledge Fund

Business Wire
9/21/2020

SEATTLE–(BUSINESS WIRE)–Amazon (NASDAQ:AMZN) today announced the first recipients of investments from The Climate Pledge Fund: CarbonCure Technologies, Pachama, Redwood Materials, Rivian, and Turntide Technologies. The Climate Pledge Fund is a dedicated $2 billion venture investment program backing sustainable technologies and services that will help Amazon and other companies to meet The Climate Pledge—a commitment to be net-zero carbon by 2040….

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Blackstone invests $250m to form new sustainable energy company ClearGen

Private Equity News
9/21/2020

Blackstone Group said it is investing an initial $250m in ClearGen, a new portfolio company that will finance and own distributed sustainable energy infrastructure assets focused on commercial, industrial and institutional customers.

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TODAY at 2 pm EST – Building a Better Future: A preview of our Sustainability Summit Featuring Event Co-Chairs, Lindsay Baker & Brendan Wallace

CREtech
9/21/2020

From smart buildings to smart cities, two of the most influential and important voices in the world of real estate sustainability will 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 …

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British Land partners with Equiem to launch tenant app

Estates Gazette
9/21/2020

British Land is launching an app for tenants of its London sites, starting with its Broadgate campus in the Square Mile. The listed landlord has partnered with Equiem on an app that will provide users with curated content about the sites, including their shops and restaurants, as well as providing touch-free access to offices and amenities.

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