Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
WSJ
As the coronavirus pandemic shuts down whole sectors of the economy and cuts equity valuations by trillions of dollars, startups are racing to set up contingency plans, shore up their balance sheets with fresh funds, even appealing to customers to just keep buying. It is a sudden reversal from the decadelong bull market, when abundant capital encouraged aggressive spending to fuel growth.
VENTUREBEAT
Nokia may be best known for cellular phones, but in recent years the Finnish company has focused on networking hardware — the radios and infrastructure that connect cellular devices to the internet. Today, Nokia announced that it’s augmenting its Worldwide Internet of Things Network Grid (WING) with new 5G capabilities, enabling cellular carriers to offer global-scale 5G IoT services to customers without building out their own networks.
CRUNCHBASE
Last week, Sequoia Capital distributed a memo to founders and CEOs of its portfolio companies about the worsening economic situation as coronavirus spreads, CNBC and many other media outlets reported. I’ve also seen posts all over Twitter from people cautioning about a slowdown in VC funding and reacting with concern to the tumultuous state of the public markets.
THEREALDEAL
Landis, a startup that uses technology to boost homeownership, has inked a deal with Transcendent Investment Management, a major owner of single-family rentals, to turn some of its tenants into buyers. …
PROPERTYFUNDSWORLD
Zbros has more than 15 years’ experience of working in the real estate and commercial banking sectors. As COO and Director of Sales & Business Development at prop-tech start up, Propoly, he was instrumental in its success. In his new role, he will be responsible for developing Dashflow’s growing sales and revenues.
AFR
An Australian software start-up that has created an app to let people write all over digital PDF documents is in the money, after raising $9.3 million, and believes the coronavirus crisis could earn it lots of new customers.
PODBEAN
Join host Mark Gilbreath for “THE FLEXIBLE OFFICE ECONOMY” a weekly dive into the fast moving waters of flexible office, Coworking, mobility, workplace experience and commercial real estate, featuring candid conversations with innovators and leaders from across the Flexible Office Economy.
THEREALDEAL
SoftBank no longer plans to proceed with its bailout of WeWork, justifying its decision to back out of its $3 billion plan to buy shares back from existing investors by citing several regulatory investigations of the troubled shared office space giant.
CRETech
Current mood. My dear friend Marc Ecko brilliantly captures my current mood with his illustration above. Thank you Marc for adding a bit of levity to an otherwise terribly serious situation. At CREtech, everything we have built, worked for and strive to be is about one word… ”community”. For the past few years, we have worked tirelessly to build the largest community of real estate tech professionals and enthusiasts in the world. A community is nothing without people and their well-be…
COMMERCIALOBSERVER
The commercial real estate industry is still in the early stages of adopting data analytics as an innovative strategy for managing investments, operations and finances. The tools to analyze a wealth of data relative to location, pricing, appraisals, industry trends, competition, vacancy rates and more are now widely accessible. The challenge is in (a) acquiring the data and (b) developing the analytics necessary to achieve these objectives.
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