Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Verge
Amazon is expanding its real-world footprint with another unconventional physical product: a shopping cart. While it certainly looks like an aesthetic upgrade to your standard grocery store cart, the Dash Cart, as it’s called, is in fact a smart version of the tried-and-true food transport vehicle.
TechCrunch
Adam Neumann, the controversial co-founder and former CEO of WeWork, has taken a 33% equity stake in GoTo Global, a shared mobility company that operates in Israel and Malta and aims to expand into Europe later this year. Neumann’s family office, 166 2nd Financial Services, invested $10 million into GoTo Global as part of a $19 million Series B round. As part of his investment, Neumann will be able to appoint one board member on his behalf. Existing shareholder Shagrir Group Vehicle Services,…
The New York Times
As technology costs have declined, more developers are creating buildings that can benefit the Earth by tackling pollution and save money by producing their own power.
Bisnow
Landlords hit by rental defaults from their hotel tenants may have a way out of the crisis. This week the budget hometel concept joined the aparthotel, the poshtel, the student hotel and half a dozen others in the hunt for new ways to claim a slice of the short and medium-stay market. The difference is the claim that it could help make money quickly for hotel landlords hit by the coronavirus pandemic.
Fort Capital LLP
Michael Beckerman is the founder & CEO of CRETech, the the largest international community of professionals devoted to technological innovation in the real estate sector. On this episode, Chris and Michael discuss the chaos in the event-industry as they navigate COVID-19, launching a consulting business mid-pandemic, the trend of venture arms popping up in the world’s largest companies, and the future of Real Estate Technology.
The Real Deal
It’s not all doom and gloom for WeWork these days. The co-working company has landed a big deal in Jersey City while also avoiding more liabilities on its balance sheet….
Michael Beckerman
That’s how I would best describe my own internal wiring. I am constantly curious. Always trying to improve. Continuing to seek out what is new, interesting and leading-edge. I am obsessed with change and transformation. Does it lead to a lot of failures? Sure. Is it risky? Absolutely. But it is also what drives the great business leaders and companies of our time. Of course, I don’t put myself in that category, but I do attribute a lot of my inspiration to continually learning from others …
Venture Beat
Redwood City-based drone startup Skydio today revealed it raised $100 million, bringing its total raised to $170 million. Coinciding with the fundraising, Skydio unveiled a new family of drones — X2 — and software solutions designed to simplify inspections and enterprise-oriented workflows.
AXIOS
Testing buildings — not just people — could be an important way to stop the spread of the coronavirus. Why it matters: People won’t feel safe returning to schools, offices, bars and restaurants unless they can be assured they won’t be infected by coronavirus particles lingering in the air — or being pumped through the buildings’ air ducts. One day, even office furniture lined with plants could be used to clean air in cubicles.
Venture Beat
Canadian construction software company Bridgit today announced the close of a $7 million funding round led by Autodesk with participation from Salesforce Ventures, StandUp Ventures, Sands Capital, and Export Development Canada (EDC). Bridgit was founded in 2013 by CEO Mallorie Brodie and COO Lauren Lake and integrates the data contractors and construction site managers need to understand current demand and plan for the future.
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