Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GLOBEST
Real estate companies are embracing technology across a range of areas. But these efforts are mainly in the customer-facing arena, such as providing better services to multifamily or office tenants.
COMMERCIALOBSERVER
It was 2012, the foreclosure crisis was still in full swing, and he was on his way to Atlanta, where he and his team would participate in one of the greatest fire sales in American history. In Georgia, foreclosure auctions take place on courthouse steps throughout the state on the first Tuesday of each month. Traditionally, the buyers milling about, brandishing clipboards and schmoozing in the sun, were local investors, ready to score a deal or two. But in the wake of the foreclosure crisis — w…
FINANCEYAHOO
Two new master franchises awarded in Honduras and Turks and Caicos, amid rapid worldwide expansion Keller Williams, the world’s largest real estate technology franchise by agent count and the U.S. leader in units and sales volume, is expanding further across Latin America with new master franchises in Honduras and Turks and Caicos. “We have a strong foundation of agents supporting consumers on their home and commercial real estate buying, selling and leasing journeys across Latin America,” said…
THEREALDEAL
WeWork has severed ties with two more startups that joined the office space company before its downfall. The office-space giant announced Wednesday it had sold software company Teem and divested its stake in the Wing, a co-working startup focused on women.
TECHCRUNCH
It’s hard to put a positive spin on a terrible situation, but that didn’t stop Goldman Sachs CEO David Solomon earlier today. Asked during a session at the World Economic Forum in Davos about WeWork’s yanked IPO in September, Solomon suggested it was proof that the listing process works, despite that the CFO of Goldman — one of the offering’s underwriters — disclosed last fall that the pulled deal cost the bank a whopping $80 million.
FINTECHFUTURES
The latest round brings Trussle’s total funding to date up to £26.5 million after the tech startup raised £13.6m in Series B financing in May 2018. The firm plans to use the money to invest in the efficiency and speed of its mortgage provisioning. “Since Trussle launched in December 2015, we’ve helped thousands of homeowners get onto the property ladder and reduce their mortgage payments by switching to the right deal,” says Trussle chairman, Simon Williams. “But there’s ample work to be done in…
CRETECH
CREtech (cretech.com), the leading global conference and research company devoted to innovation in the Built World, will be highlighting the leaders in Multifamily tech at its first event in 2020. To be held in Austin, Texas on April 22nd and 23rd, the event will feature the largest and most active landlords/developers, investors and managers in the Multifamily sector sharing their companies tech initiatives, overall strategies and predictions on future trends that will impact the commercial rea…
BETAKIT
Proptech startup Lane has opened a new corporate headquarters in downtown Toronto after a year of significant growth for the company. Already Toronto-based, Lane is moving headquarters in order to accommodate its expanding team. The office move comes after a year which saw Lane close a $2.5 million seed round in May. That round was led by Alate Partners, a real estate tech-focused VC firm and the birthchild of Relay Ventures and Dream Corporation.
NREIONLINE
Industry sources say click-and-buy strategies are an indication of the future of real estate investing, especially when it comes to single-family rentals (SFRs). That’s because transactions completed through online platforms can reduce the cost, time and risk involved in the process. “There is no doubt that more and more of residential housing transactions are moving onlineand that trend will continue, especially as it becomes easier to fully digitize the experience,” says Jake Fingert, gener…
GETBUILT
Built Technologies, the leading provider of construction finance software, today announced the completion of its agreement to acquire lienwaivers.io, a leading provider of lien waiver management and payment solutions for commercial and residential construction. With the acquisition of lienwaivers.io, Built becomes the first full-stack construction finance platform to provide solutions for all key stakeholders involved in the construction finance process. Together, the companies will continue to …
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