Compass Eliminates More Jobs as Real Estate Brokerage Seeks to Cut Costs
Bloomberg
Compass Inc. cut more jobs, part of cost-reduction moves by the real estate brokerage as it aims to turn a profit even in a weakening US housing market.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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This is how much you could earn in proptech
PlaceTech.
Nearly a quarter of CEOs in the sector earn $250,000 or more per year, according to a survey by LMRE and Fifth Wall. While salaries in top roles can be high, they also vary significantly. Some 17% of CEOs and presidents earn between $30,000-$50,000.
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Adam Neumann Handing Over Part of Property Holdings to Fund Startup
Wall Street Journal
Adam Neumann’s new rental-apartment startup recently received a $350 million investment from venture-capital firm Andreessen Horowitz. That big check came with an unusual catch.
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HqO and Building Engines Announce Prism Integration to Deliver World-Class Workplace Experiences
Globe Newswire
HqO and Building Engines, the world’s leading workplace experience and building operations companies, today announce they are furthering their partnership through integrating Building Engines Prism with the HqO Workplace Experience Platform. The news follows the companies’ initial partnership announcement last year, and enables workplace experience managers of commercial real estate (CRE) companies to increase operational efficiency and tenant satisfaction through key building app features like …
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Sway Ventures Welcomes Former Blackstone backed, EQ Office CEO Lisa Picard as Partner on Its PropTech Investing Team
Sway Ventures
Sway Ventures announced that multi-decade commercial real estate operator and former Blackstone backed, EQ Office CEO, Lisa Picard has joined the firm as a Partner. Picard adds to the PropTech team at Sway Ventures, which includes Ray Wirta, former Chairman of CBRE, as well as advisors including Doug Holte, CEO for Hines Global Innovation & ESG; Stephanie Fuhrman, former MD of Innovation at Greystar; and Mollie Fadule, Chief Financial & Investment Officer at JPI Companies; among others.
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Construction tech firm raises £10m to help developers, architects and contractors build net-zero modular homes without a factory
Modulous
Modulous’s Series A is rare example of a tech firm increasing its valuation as global markets slide – a testament to growing interest in companies that help decarbonise real estate The Modulous software platform automates design, costing and programming – meaning developers, architects and contractors can figure out pricing and decide whether a site is viable in hours not weeks Firm aims to partner with developers, public housing providers, architects and construction firms offering them…
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CREtech Announces Five Stages of Cutting-Edge Content at CREtech New York this October 12-13, 2022
CREtech
New York, NY (September 13, 2022) — CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, has announced they will be offering five stages of cutting-edge content at flagship conference, CREtech New York, this October 12-13. CREtech New York attendees will experience the full suite of CREtech conference offerings, including a packed expo hall featuring the latest technology solutions, unrivaled networking opportunities with …
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Pakistan Proptech Startup Scene a Standout Among Emerging Markets
Commercial Observer
A country of 230 million people with a median age of 23, Pakistan is embracing proptech innovation as a means to more efficiently increase housing availability and other real estate services. The proptech industry in turn is providing new job opportunities for Pakistan’s growing number of highly educated young people.
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Bloomingdale’s goes all-in on metaverse with new virtual store
TechCrunch
Iconic department store Bloomingdale’s is celebrating its 150th anniversary with a new virtual store, designed by Emperia, that will go live during New York Fashion Week, which starts September 9.
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Next Gen Real Estate: Yesterday’s Real Estate vs. Tomorrow’s
Medium
When most investors hear the term “Real Estate,” a few adjectives generally come to mind: Tangible asset class, Uncorrelated, Stable, Cash-flowing, Tax efficient. It’s a term we naturally associate with imagery of city sky-scrapers, garden-style apartments, the retail store down the street, or perhaps the data center that’s recently been built near your home in the suburbs. But today there’s so much more to Real Estate than these traditional adjectives and associations. What about electric vehic…
