Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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….
PitchBook
Investor appetite for initial public offerings continues to be strong as Lemonade capped its first day of trading firmly in the green. Lemonade’s stock surged 139% in its trading debut on the NYSE, closing Thursday at $69.41, giving the company a market value of $3.8 billion—more than double its $1.59 billion IPO value. The New York-based online insurance provider’s shares debuted at $50.06 apiece—an initial jump of around 72%. Its IPO priced at $29 per share, above the marketed $26 to $28 ran…
The Real Deal
UPDATED: July 2, 2:20 p.m.: A decade after starting Nestio to help landlords manage their rental portfolios, co-founder Caren Maio is stepping down as the company’s chief executive. In a widely-shared email, Maio said the company was rebranding as Funnel, and that COO Tyler Christiansen would take over as CEO
CREtech
CREtech is proud to introduce our new webinar 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 are carefully selected and researched by our world-class team of Consultants and Advisors.
Appfolio
In case you missed it, watch the FULL video of The Institutional Investors Perspective: The Reactivation of CRE Investment Management presented by Appfolio. Investors have begun understanding the near and long term implications of the global pandemic on real estate assets and on their portfolios. As leading investors begin to reactivate their investment strategies, many are instituting new standards to invest smarter, increase productivity, and grow their business — resulting in better financial…
CREtech
CREtech (cretech.com) and FUTURE PropTech, the largest intelligence platforms devoted to Reimagining Real Estate, announced today that Michael Phillips, President of Jamestown will take the stage for the Reimagining Real Estate Virtual Global Summit, the largest global real estate tech virtual conference ever assembled….
MillionAcres
Millionacres sat down with CoreLogic’s chief economist, Dr. Frank Nothaft, to get a pulse on the housing and mortgage market in the current climate. Dr. Frank Nothaft is responsible for forecasting the macroeconomy, mortgage and housing markets, and topical market trends for CoreLogic, Inc., America’s largest provider of advanced property and ownership information, analytics, and data-enabled services.
Bloomberg
To many of its employees, WeWork was much more than a job. Adam Neumann, the co-founder and former chief executive officer, kept workers motivated by invoking a higher calling to community-building and promising a once-in-a-lifetime opportunity.
The New York Times
Kiss the elevator pitch goodbye — at least if it takes place in an elevator. Change is coming to the daily vertical commute, as workers begin to return to tall office buildings in New York and other cities. The elevator ride, a previously unremarkable 90 or so seconds, has become a daunting puzzler in the calculus of how to bring people back to work safely after the coronavirus pandemic kept them
PlaceTech.
The FTSE 250 commercial property investment company will deploy MRI’s property management technology platform across its operations in the UK, Germany and France. CLS will leverage the MRI solution to rationalise its property and finance processes and systems to improve business agility and overall efficiency, and to enable its business growth strategy to be achieved in a cost-effective manner….
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