Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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.
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.
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….
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.
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.
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.
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…
Smart Cities Dive
UPDATED, Sept. 21, 2020: The Trust for Governors Island last week unveiled its plans for the development of a climate change solutions center on the island that could create 8,000 new jobs and $1 billion in economic impact for the city.
CNN Business
A little more than a year ago, WeWork’s parent company, The We Company, filed to take the co-working company public. But a lot has happened in the past 12 months. This time last year, WeWork was busy trying to defuse investor concerns over its corporate governance structure. Its CEO stepped down, it postponed its IPO and received a bailout from Japanese conglomerate SoftBank. …
Bloomberg
When startups go public, a big part of the process is opening up their books and being more transparent about their business model. With global short-term rental giant Airbnb moving towards its own IPO, the company has introduced a new product that seeks to address recent safety concerns and answer the data-sharing requests that critics have long claimed make the company a less-than-perfect partner for local leaders. …
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