Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Crunchbase
BotsAndUs, a London-based startup that provides “full-stack robot systems for public spaces,” has closed a $6 million equity funding round led by Kindred Capital and Capnamic Ventures, with participation from angel investors from the U.K. and the U.S. The company was also awarded funding from the European Union’s Horizon 2020 research and innovation program as well as Innovate UK….
Roby.ai
By Tom Reiss, CEO of Roby.ai There will not be a single business within the property sector that did not start the year in vastly different circumstances to the ones we now find ourselves in. As offices closed around the UK and staff got used to working from home under the strict Government guidelines, companies quickly had to adjust to the challenge of working remotely and re-evaluate how they use technology. As a result, estate and lettings agents are increasingly looking to artificial inte…
CREtech
CREtech (cretech.com) and FUTURE PropTech, the largest intelligence platforms devoted to Reimagining Real Estate, announced today that Savills Group Chief Executive Officer and CIO & Head of Client Technology will take the stage for the Reimagining Real Estate Virtual Global Summit, the largest global real estate tech virtual conference ever assembled.
Globest
So far the multifamily asset class has fared well during the pandemic, with the vast majority of renters staying on top of their monthly obligations. In addition, the capital markets for apartments have remained open for business during this time.
JLL
Demand for office space is intrinsically linked to the economy; generally in a downturn, office demand drops off as employment levels fall and corporates move into cash preservation mode. The global pandemic has undoubtedly pushed us into a global recession and in the short term this will have a direct impact on office demand. However, in light of the success of wholescale working from home, the question is now being asked – over the longer term, will this be the catalyst for the end of the offi…
The Propcast
The Truth About Real Estate Research with Professor Andrew Baum and Andy Saull. Summary: We talk to Professor Andrew Baum and researcher Andy Saull to find out the truth about real estate research, and talk forecasting the future of real estate.
Architectural Digest
As the world cautiously opens up after the Coronavirus lockdown, steps are being taken at eateries and bars to find new and safe ways to welcome guests. One such innovative response is a new, zero-human interaction restaurant known as the Brooklyn Dumpling Shop, which is scheduled to open in New York City in August. “When restaurants reopen, nobody is going to be saying, ‘Do you feel like Chinese or Italian tonight? It will be, ‘Where do you feel safest?’” states Stratis Morfogen, owner of Brook…
PR Newswire
TermSheet, a private-equity backed real estate software company, is proud to announce the launch of its end-to-end real estate deal management platform. TermSheet provides investors, large and small, the necessary toolkit to successfully prospect, manage and execute real estate transactions. Since its inception in early 2020, TermSheet has built a platform that can streamline the entire life cycle of a real estate transaction. TermSheet provides real estate investors with a platform that can ef…
The New York Times
Skyline Tower, the 778-foot luxury condo building in Long Island City that looms over western Queens, was built to break records. It is the tallest building in the borough; the most ambitious, with sales projected to exceed $1 billion; and in February the developers claimed that it was the fastest selling, with contracts signed on a quarter of its 802 units, a massive supply for a single building.
AXIOS
Uber has agreed to acquire food delivery company Postmates for $2.65 billion in an all-stock deal, the companies announced Monday. Why it matters: This is the latest merger for the food delivery space as the sector undergoes an ongoing market consolidation….
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