Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
TechCrunch
French startup Bellman has raised a $4.5 million (€4 million) seed extension round led by Lakestar with existing investors Connect Ventures and Financière Saint-James also participating. Bellman is focused on improving residential building management.
PlaceTech.
Sound decision-making requires access to timely and accurate market information, yet this information is often limited for informal market participants like farmers and traders in the developing world. Studying how to improve the economics and digitisation of large informal markets, MIT Sloan School of Management Prof Joann de Zegher suggests that crowdsourcing price information from market participants through a carefully-designed information-sharing platform can improve decision-making and inc…
Bisnow
Cushman & Wakefield CEO Brett White, speaking Wednesday on Walker & Dunlop’s Walker Webcast, expressed concerns that CoStar is positioning itself as a competitor to its largest clients, and he said he expects brokerages will consider an alternative to the data giant. CoStar founder and CEO Andy Florance responded Thursday in an interview with Bisnow, saying his company doesn’t intend to compete with brokerage firms.
The Real Deal
Flexible-office provider Knotel lost $223 million last year — even before coronavirus flipped the office market on its head. Company financials, obtained by Business Insider, reveal the startup lost $49 million during the first quarter, ending the period with $36 million in cash on hand. At the time, it reported total assets of $110 million, less than half its total liabilities of $238 million, including $84 million in accounts payable.
PR Newswire
Proxyclick, the leading global provider of enterprise visitor management software, today launched “Touchless Check-in” to provide enterprises with a contactless check-in solution at the front desk for every step of the visitor journey. “Visibility into who is entering or leaving your premises has become more critical than ever during this global crisis,” said Gregory Blondeau, Founder and CEO of Proxyclick. “Companies are realizing that understanding who’s potentially come into contact with the …
CBRE
As part of the CBRE Virtual Lunch & Learn Series, hear from Scott Rechler, CEO and Chairman of RXR Realty on Leadership During and Post COVID-19.
Medium
COVID-19 has forced companies the world over to enact — or create — remote working protocols. The likes of Box, Amazon, Airbnb, Facebook, Google and Microsoft have all told their employees some variation of “work from home”. But so too are more traditional organisations across fields such as real estate, accounting and local government.
PlaceTech.
The global real estate adviser has added to its fledgling JLL Technologies division created last autumn with the hire of Yao Morin in the new role. Morin, based in San Francisco, will lead JLL’s global data strategy, product roadmap and delivery. JLL Technologies is a division of JLL unifying the company’s technology, businesses, services and applications.
GlobeSt
he COVID-19 pandemic continues to drive an increase contactless solutions throughout the industry. As many states phase out of shelter-in-place restrictions, companies are increasingly shifting to the ‘new normal’ through innovative, implemented practices.
The Real Deal
Compass is beefing up its in-house legal team and seeking expertise a public company would require. A new job posting reveals that the brokerage is seeking a securities lawyer who specializes in meeting U.S. Securities and Exchange Commission and stock exchange reporting and compliance requirements, Inman reported.
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