Latest Trends and Insights in Real Estate Technology

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  • 40 Newly Selected Ventures Reimagine the “ABCs” of Building Construction to Enhance the Affordability and Effectiveness of Energy-Saving Measures

    ENERGY

    The U.S. Department of Energy’s (DOE’s) Building Technologies Office (BTO) awarded $26.3 million to 40 competitively selected projects, led by 29 organizations, to pursue innovations that can advance the goals of BTO’s Advanced Building Construction with Energy-Efficient Technologies & Practices (ABC) Funding Opportunity. The funding opportunity underpins the Advanced Building Construction Initiative, one of BTO’s principal efforts to unlock deeper energy savings in the U.S. building sector,…

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  • Tishman Speyer Expands Zo Amenity Package To Construction Workers

    BISNOW

    Commercial property giant Tishman Speyer has started offering its suite of health, wellness and safety services, which it calls Zo, to construction workers at the company’s new developments. Previously, Zo was available to Tishman Speyer office tenant workers. The move comes as developers struggle to find and retain skilled construction workers for their projects. About 61% of construction companies say they are experiencing a high level of difficulty in finding skilled workers, according to the…

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  • Vacasa Seeks New CEO as Founder Eric Breon Steps Aside

    SKIFT

    Vacasa‘s board of directors has hired headhunters to find a replacement for CEO Eric Breon. They have chosen Matt Roberts, former OpenTable CEO and current independent director on the Vacasa board, as interim CEO. Since founding Vacasa in 2009, Breon has led day-to-day operations at the vacation rental property management service. He’s helped the company raise a total of $526.5 million in private equity funding — more than any other startup of its category. Breon will stay on Vacasa’s board of d…

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  • MRI Software, a Solon, OH-based provider of real estate management software solutions, received a strategic growth investment of undisclosed amount

    PLACETECH

    What is the Trillion Dollar Hashtag? A brave new flexible world featuring Antony Slumbers In the first episode of a new series of podcast, Caleb Parker founder of Bold, chats to leading property tech commentator Antony Slumbers, about transformation, technology, and innovation. Slumbers travels the world speaking on space-as-a-service and consulting on new changes in technology, micro and macro-economics and changing customer expectations in commercial real estate.

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  • CREtech Weekly PropTech Venture Capital Funding Recap

    CRETech

    DRIVING HEADLINES This week witnessed a variety of mid to large deals in North America and the United Kingdom. The more notable rounds of capital went to companies that improve the property management process within the hospitality sector, alternative sources of finance and credit, and increase flexibility in long-term leases. The largest round went to Nova Credit, a San Francisco based global credit reporting platform designed to solve the credit access problem for immigrants. Nova Credit r…

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  • WeWork’s Marcelo Claure Lays Out Profitability Plan

    THEREALDEAL

    Marcelo Claure said WeWork’s new plan for profitability makes the firm a good investment for SoftBank, but investors still have questions. During an interview with Andrew Ross Sorkin on CNBC, the WeWork executive chairman spoke about the beleaguered office-leasing firm’s future after a series of leadership changes at WeWork and its main investor SoftBank. Claure, executive chairman of the co-working giant, said that in 100 days WeWork had put together a five-year plan to achieve profitability on…

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  • Updater Receives Investment from Second Century Ventures

    FINSMES

    Second Century Ventures, the venture capital arm of the National Association of Realtors®, made an investment in Updater, a NYC-based digital moving concierge company. The amount of the deal was not disclosed. The company intends to use the funds to support growth initiatives, including the acquisition of Bridgevine, a provider of technology for home subscription sign-ups and associated concierge offerings. Bridgevine will become part of Updater’s home services division, helping expand app distr…

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  • Technology is Carving Out Entirely New Industrial Markets

    GLOBEST

    NEW YORK—San Francisco has been a valued marketplace for many different asset types—just not so much industrial. Yet, as Newmark Knight Frank noted in a new report, that is rapidly changing.

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  • SoftBank’s Second Vision Fund Struggling To Attract Investors As First Fund Bleeds Leadership

    BISNOW

    SoftBank Group continues to suffer fallout from the conspicuous missteps of its venture fund. Michael Ronen has stepped down from his position as managing partner of U.S. investments at SoftBank Vision Fund, the Financial Times reports. Ronen said in an interview with FT that he had been negotiating the specifics of his departure for weeks after raising issues he had with the fund. Ronen joined SoftBank in 2017 from Goldman Sachs and has mainly led investments into transportation-based companies…

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  • Impala raises $20 million to build the API of the hotel industry

    TECHCRUNCH

    Impala has raised another round of funding just a few months after raising an $11 million Series A round. This time, the startup is raising a $20 million Series B round led by Lakestar. Latitude Ventures is also participating in the round. The company is building a service that works pretty much like Plaid, but for hotel rooms. The hotel industry relies on old-school “property management systems” to manage rooms, room types, pricing, extras, taxes, etc. Instead of asking hotels to switch to an …

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