Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Sifted
Karma Kitchen, the London-based kitchen space startup, has raised £252m in a Series A funding round to open dozens of new sites across Europe. “People think it’s a typo,” laughs Eccie Newton, cofounder of Karma Kitchen, who currently operates one kitchen site, has a five-person team and had initially set out to raise £3m. “It’s not a typo.”
Wall Street Journal
When Litisha Thomas heard through the gossip mill that the shuttered Sam’s Club where she’d worked for 11 years might be reopening in her rural North Carolina hamlet, she immediately jumped on an internet job board to see if it was hiring. It was, but this wasn’t a conventional reopening.
CNBC
President Donald Trump’s son-in-law and senior advisor has decided to remain an investor for the time being in real estate tech start-up Cadre, which he co-founded. Jared Kushner made the decision as part of a private agreement he made with the company, according to people with direct knowledge of the matter. Kushner and the company put the divestiture on hold with the understanding that while he remains an investor, Cadre will not seek out foreign investors, these people said.
CBRE
CBRE Research recently conducted a survey of 126 senior-level global real estate executives to determine how the COVID-19 pandemic will change the location, design and use of office space. The survey findings—the first in a series—will help occupiers and investors identify evolving workplace trends and how sentiment toward office environments changes over time.
The Real Deal
On the heels of a $160 million funding round led by Airbnb, the short-term rental startup was plotting a massive expansion in the spring of 2019. … As of 2018, the global market value of the short-term rental industry was estimated at $169 billion, according to a Skift research report. …
Built in Chi
A building should run like an autonomous car, according to Thru Shivakumar. On Thursday, Cohesion, Shivakumar’s smart building startup, announced it received a cash advance of its own. The Chicago company has raised $6.5 million in seed funding, which it plans to spend on new tech features, an expansion into Asia and a hiring spree. The 11-person company plans to double in size by the end of the year, hiring on product developers, software engineers, marketers and more. Illinois’ richest man, Ci…
Washington Post
Some thinkers were making big connections (one architect offered “a new design model [that] can curb the environmental destruction that …
CREtech
Knock, a home-buying startup, is switching to bridge loans and working with agents, rather than directly with consumers. The company, which offers a platform for consumers who want to buy and sell homes at the same time, will now offer mortgage, bridge-loan and concierge services, Inman reported.
allwork
Hospitality-focused coworking operator Serendipity Labs has joined forces with JLL to help expand to 20 new locations in the UK over the next two years. This news follows the company’s partnership with Newable to open and operate 25 locations across the UK. “Our relationship with JLL in the US is innovative, profitable and extremely valuable and we are excited to continue that excellent relationship here in the UK,” said John Arenas, chairman and CEO of Serendipity Labs. “By teaming with NewFlex…
Bisnow
Logan Soya founded Aquicore, a commercial real estate energy and facility performance management tech platform, in 2013 after earning his MBA from Georgetown University. The platform enables real estate managers to remotely monitor facilities, develop condition-based maintenance routines and improve operations, which Aquicore says can help cut operational costs, increase energy efficiency and boost asset values. More than 790 commercial buildings totaling more than 250M SF nationwide use Aquicor…
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