Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Business Insider
Internet of things (IoT) providers have reported an uptick in demand due to the coronavirus pandemic, with new use cases arising in accordance with social distancing guidelines and shifts in healthcare operations….
CNBC Television
WeWork CEO Sandeep Mathrani joins “Squawk Box” for his first TV interview as chief executive to discuss the future of work during the coronavirus pandemic, how offices may evolve as well as founder Adam Neumann’s lawsuit against SoftBank. WeWork CEO Sandeep Mathrani told CNBC on Tuesday the company has paid its rent in over 80% of its locations in April and May, as the coronavirus outbreak swept the globe. “The remaining locations, we’re just in discussions with our landlords in a friend…
Business Wire
GreenGen Ventures, the venture capital arm of Green Generation (GreenGen), today announced it has structured and invested in a new round of financing for Wynd Technologies, a standard-setting global air purification and measurement startup with products featured in Apple and Best Buy stores. The investment was made by a fund under GreenGen’s management….
Wall Street Journal
Uber Technologies Inc. UBER -2.07% is seeking to acquire Grubhub Inc. GRUB -5.83% in a deal that would unite two of the biggest players in the cutthroat meal-delivery business at a time when the coronavirus pandemic has sparked a surge in demand for their services….
CREtech
The global pandemic has exerted unprecedented disruption in just a few months across multiple countries, economies, and real estate companies. Public and private financial markets have been met with extreme volatility and many of today’s real estate tech startups, their clients, and investors have been left trying to understand the near and long term impact on the industry. In a recent CREtech Talk: Perspectives in a Time of Uncertainty webinar, four of the most active investors in real estat…
The Real Deal
The company recently raised roughly $15 million at a $110 million valuation from existing investors including CEAS Investments I and Soros Fund Management, according to Bloomberg. That’s down from a $205 million valuation in December.
The Negotiator
British virtual tours firm EyeSpy360 has bagged a second distribution deal for its service after being added to a major estate agency software company’s suite used by 1.4 million realtors across America. The deal follows last week’s news that the London-based proptech firm had signed a similar but global deal with US estate agency giant RE/MAX, which has 11 branches in the UK….
Bisnow
Larger or at least more efficient units, ample outdoor space and different unit mixes all may join coworking space as aspects of multifamily properties’ post-pandemic future, experts said during Bisnow’s weekly Bay Area webinar last Thursday afternoon.
Crunchbase
Briq, which has developed a fintech platform used by the construction industry, has raised a $10 million Series A led by Blackhorn Ventures, the company told Crunchbase News exclusively.
The Real Deal
JLL laid off roughly three dozen people in its New York City office — the first such cuts at any of the big commercial services firms during the pandemic. The Chicago-based firm made the…
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