Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CREtech
The global pandemic has exerted unprecedented disruption in just a few months across multiple countries, economies, real estate companies and more. Public and private financial markets have been met with extreme volatility and many of today’s real estate tech startups, their clients, and financial backers are left trying to figure out how to survive and mitigate risk.
The Real Deal
Landlord sues co-living firm for bailing on lease. A lawsuit accuses German co-living firm Quarters of “opportunistically” bailing on an $8 million lease in Brooklyn just as New York City became the global epicenter of the coronavirus pandemic.
The Real Deal
Selina CEO says $60M in funding will get startup through crisis. Selina, a London-based hotel and co-working company backed by Adam Neumann, has reportedly raised some $60 million in financing
Geek Estate Blog
As the market turns from favoring sellers to buyers, that’ll get harder. Marketing will actually mean something again. Those with a proven ability to draw buyers to their inventory will reign supreme, cleaning up on listing appointments against those with few skills and no track record of success. The bar will be raised.
TechCrunch
Lime has announced that it has raised a $170 million funding round. Uber is the leading investor with existing investors Alphabet, Bain Capital Ventures, GV and others also participating. The Information first reported on the new funding round before the official announcement….
Radius Data Exchange
On this week’s episode of EG’s We’re Still Here podcast host Emily Wright is joined by deputy editor Tim Burke for a round-up of this week’s news. From the future of flexible offices to predictions of rent plunges, it has been another week of uncertainty and potential hardship.
Bisnow
It is the question on every property owner’s mind right now: Are my tenants able to keep paying the rent? Tenant risk is the single most important factor in real estate, which the coronavirus crisis has bought into sharp focus by forcing tenants in multiple sectors to close virtually overnight.
Crunchbase
Within all industries, companies are under pressure to deliver goods efficiently, fast and reliably, and especially amid the COVID-19 pandemic, in a way that keeps workers safe.
Wall Street Journal
Mall owner Brookfield Asset Management Inc. BAM 3.00% plans to devote $5 billion to shoring up retailers hit by the coronavirus pandemic, a bet on a beaten-down sector that could also help keep its rent payments rolling in….
PC Mag
As The Seattle Times reports, the updated guidance of no return to work until Oct. 2 is mainly aimed at Amazon’s corporate employees, but states specifically that it relates to any “employees who work in a role that can effectively be done from home.” A company spokesperson also confirmed that, “We are working hard and investing significant funds to keep those who choose to come to the office safe through physical distancing, deep cleaning, temperature checks, and the availability of face coveri…
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