Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

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Amenify Launches Catering Service for Luxury Apartment Communities

Yahoo Finance
8/17/2020

Due to a softening market and a substantial increase in residents working from home (84% of apartment residents, per Amenify data), apartment operators are looking for ways to drive retention through exclusive services. Sid Lakireddy, President at Anchor Valley Partners said, “Renters today want a lifestyle, and food is something that more than 90% of our residents have requested. I’m a fan of Amenify because they are an end-to-end technology and support solution — there’s no work for our staff…

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Now Available On Demand: Real Estate’s Digital Revolution Amid the Pandemic Featuring Cushman & Wakefield

CREtech
8/17/2020

Results driven business partner with Wharton MBA and over 20 years of achievement in driving value from technology investments. Strong leader and change agent with proven success delivering operational excellence, supplier performance, talent retention, and innovation. As a global technology evangelist, my primary role is to identify shifts and threats, maximize opportunities to optimize our portfolio, and determine where best to place technology bets with constrained capital. I am NOT a corpora…

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Telemedicine Startup Eden Health Raises $25 Million To Expand Commercial Real Estate Partnerships

Forbes
8/17/2020

Eden Health, a telemedicine company founded in 2015, raised $25 million in Series B financing, in part to expand its partnerships with commercial real estate firms through virtual and in-person health consultations. The funding round—which was led by Flare Capital Partners, with participation from Greycroft, Aspect Ventures, and other investors—places Eden Health’s valuation close to $100 million, according to a source familiar with the matter.

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MetroLoft Sues Sonder for $103M In Unpaid Rent

The Real Deal
8/17/2020

Nathan Berman’s MetroLoft Management wants Sonder to leave the developer’s office-to-residential conversion at 20 Broad Street, and pay $3.9 million in back rent and more than $100 million to cover the remainder of its lease, according to a suit filed July 30. The landlord claims the short-term rental startup stopped paying rent last month. …

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SoftBank Commits $1.1 Billion to WeWork Amid Membership Drop

Bloomberg
8/17/2020

SoftBank Group Corp. is adding $1.1 billion to its WeWork commitment as the co-working company weathers declining membership amid the coronavirus pandemic, according to a staff memo obtained by Bloomberg News.

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Till raises $8 million in seed funding for flexible rent platform

Housingwire
8/17/2020

Till, a startup that aims to help renters set up customized payment schedules, has raised $8 million in a seed funding round. Route 66 Ventures, MetaProp and NextGen Venture Partners participated in the financing, the first external round of funding for the Washington, D.C.-based company since its 2017 inception.

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For executives, a pledge for racial equity

MIT Sloan School
8/17/2020

When George Floyd was killed by police May 25 in Minneapolis, the response mirrored and magnified the reactions that followed many police killings of Black people in the last decade. Social media, online news, and citizen journalism have quickened the pace of information sharing and response, and did so again, leading to global protests and calls to defund police.

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Real Estate Startup Zibo Raises $10.5 Million, Unveils Banking And Rent Payment Platform For Small Landlords

Forbes
8/14/2020

Zibo, a banking and payment platform for independent landlords, announced today that it has raised $10.5 million in seed funding to help scale its one-stop-shop approach to financial management for residential rental properties.

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Now Available On Demand: Navigating the Next Normal with JLL

CREtech
8/14/2020

Business leaders must reimagine workspaces and the supporting technology to meet new health and safety standards, evaluate key employee needs, and connect a more dispersed workforce. Quartz’s Heather Landy and JLL Global CEO Christian Ulbrich discuss the role of technology as we navigate the next normal of CRE, rebuild employee trust, and create a safer and smarter workplace.

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They’ve Sold Five LA Tech Companies and Just Raised $36 Million. Meet the Founders Behind Openpath.

dot.LA
8/13/2020

James Segil and Alex Kazerani are two of L.A.’s most successful tech entrepreneurs, but you’ve probably never heard of them because for the last 20 years they’ve been making bets on backend tech infrastructure. Most recently they scored a $36 million fundraise for their latest venture. And now as they look back at their careers, they’ve opened up their playbook to dot.LA.

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