Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
The real estate investment startup, co-founded by CEO Ryan Williams and Jared and Joshua Kushner, was prepared to take over Jared Kushner’s stake in the firm back in February. But in the face of the coronavirus pandemic, the company was forced to cut costs, including the purchase of the White House adviser’s shares, according to Bloomberg.
Yahoo Finance
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…
CREtech
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…
Forbes
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.
The Real Deal
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. …
Bloomberg
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.
Housingwire
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.
MIT Sloan School
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.
Forbes
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.
CREtech
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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