Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GlobeSt
The future of office demand is a hot topic around the country as COVID-19 required companies to engage in the largest work-from-home experiment in history. After a three-month mandatory hiatus, these firms and employees have largely successfully adjusted to working from home, but new surveys point toward workers looking to get back to normal routines instead of working from home permanently.
Wall Street Journal
Dayna Grayson and Rachel Holt are raising about $100 million for their debut fund at Construct Capital to focus on “deep-tech” startups, according to people familiar with the situation. Construct Capital, based in Chevy Chase, Md., this week filed with the Securities and Exchange Commission to raise Construct Capital I LP, but didn’t specify the target amount in the filing. Ms. Grayson declined to comment on the fundraising, citing SEC regulations.
CREtech
CREtech (cretech.com) and FUTURE PropTech, the largest intelligence platforms devoted to Reimagining Real Estate, announced today that Stephen Rosenberg, Founder and Chief Executive Officer and Phillip Miller, Managing Director, Technology, at Greystone will take the stage for the Reimagining Real Estate Virtual Global Summit, the largest global real estate tech virtual conference ever assembled….
The Real Deal
Flex-office startup Knotel said its revenue plunged 20 percent during the second quarter, offering a glimpse of the economic toll the pandemic is having on the office market.
CREtech
In the first CREtech Consulting Talks Webinar, we will take a look at which technologies have emerged from the pandemic as the “must haves” for landlords and brokerages. As a result of the pandemic, real estate companies have been forced to adopt technology with a greater sense of urgency than at any time in history. Hear from several of our world-class Consultants and Advisors as they discuss which technologies have moved to the forefront of real estate tech adoption….
The Clean Fight NYC
The Clean Fight New York is proud to announce its inaugural corporate and investor partners who have joined to support scaling clean energy startups and clean building innovators in New York State while building back better during ongoing recovery from COVID-19. The partners will work with the 2020 cohort, to be launched later this year, that will focus on high-impact solutions to help decarbonize New York’s building stock, at speed. The Clean Fight is powered by New Energy Nexus and supporte…
Wall Street Journal
Beike Zhaofang, a Chinese online property brokerage backed by SoftBank Group Corp., is planning to raise up to $3 billion in an initial public offering in the coming months, according to people familiar with the matter, in what would be the largest listing of a Chinese company in the U.S. in more than two years.
Bisnow
WiredScore, founded to score commercial buildings based on their level of internet connectivity, is moving to standardize another real estate buzzword. The proptech company has formed a council of major real estate, tech and finance companies, including Hines, KPMG, Fifth Wall and PGIM Real Estate, which will be tasked with creating a smart building certification system, WiredScore announced Thursday.
Crunchbase
Nomad Homes, which is creating a digital platform that uses technology to help people in Europe and the Middle East buy and finance homes more easily, has received a $4 million seed round boost.
Related Companies
In this episode of Fly on the Wall, Brendan sits down with Jeff Blau, CEO, Related Companies, the developer behind New York City’s Hudson Yards. Jeff explains the art of curation that comes from building a retail destination that functions as a “city within a city” (e.g. a space where visitors can live, shop, work, and dine) and the heightened responsibility landlords now hold as “micro-mayors” of these spaces.
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