As It Battles Landlords, WeWork Rival Knotel Is Trying To Raise $100 Million

Flexible office startup and WeWork rival Knotel is attempting to raise as much as $100 million, according to three sources familiar with the matter. The company, which has previously been valued at a reported $1.6 billion, faces a decimated real estate market across the globe, and particularly in the U.S….

Microsoft, Nike, Unilever Announce Global Carbon-Neutral Group

Microsoft Corp. said the first investment for its $1 billion climate fund will be in venture capital firm Energy Impact Partners. The software maker also joined with Nike Inc., Starbucks Corp., Unilever NV and Danone SA in a new consortium devoted to sharing resources and tactics for slashing carbon emissions, bringing together the efforts of some of the biggest global companies that have pledged to take action against climate change. …

Listen to Real Estate Investment Management Tech Association with Naqash Tahir (PGIM) and Imran Nasir (La Salle) on Apple Podcasts

In this episode The Propcast talks to Naqash and Imran about how they together founded REIM Tech Association, and about good proptech’s in the market across the world, what technology is missing, and what makes a good pitch to the real estate world.

Goldman Says Pandemic Is Giving a Boost to Digital Banking

The coronavirus pandemic is accelerating a move by consumers toward online financial services and demonstrating that banks can operate with fewer physical branches, a Goldman Sachs Group Inc. executive said.

Tech startup Hippo raises $150 million at $1.5 billion valuation

Hippo, an insurtech startup focused on providing home insurance digitally, announced this morning a massive $150 million Series E round at a post-money valuation of $1.5 billion. With the latest round, the Palo Alto-based company has now raised a total of $359 million since its 2015 inception. Hippo reached unicorn status ($1 billion valuation) in July 2019 with a $100 million Series D fundraise.

WeWork Has Glut Of NYC Availability

The firm has some 1.9 million square feet of space in New York that’s either available or will become so in the coming months, according to Business Insider, which obtained leaked marketing materials. That’s more than 20 percent of WeWork’s portfolio in the city, and far exceeds the availability rate in Manhattan of 12.1 percent in June.

Corigin Ventures Commits $2.5 Million to Diverse GPs

Unless you’re living under a rock, it’s impossible to unsee the social unrest and power of collective protesting that has overtaken the country these last few weeks. Systematic racism has existed for centuries, but this is an inflection point for us as individuals and society. At Corigin, we value the notion that diverse, representative and extremely talented founders and investors can create the future we want to live in. How many studies does McKinsey need to publish to prove that diverse voic…

CREtech Consulting Report: How to Future Proof Your Real Estate Business

CREtech is proud to introduce our new monthly content series focused on our Global Innovation Consulting Practice. Each month we will take a deep dive on an important trend in the world of real estate technology and innovation. These themes, which are carefully selected by our world-class team of Consultants and Advisors, will then be released to our community through a series of insightful webinars, blogs and market research. In the first CREtech Consulting report, we will take a look at whi…

Coronavirus Threatens the Luster of Superstar Cities

Urban centers, with a dynamism that feeds innovation, have long been resilient. But the pandemic could drive a shift away from density. Cities are remarkably resilient. They have risen from the ashes after being carpet-bombed and hit with nuclear weapons. “If you think about pandemics in the past,” noted the Princeton economist Esteban Rossi-Hansberg, “they didn’t destroy cities.” …

Connected Cities: Has the future changed in light of Covid-19?