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CRETECH
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CRETECH
BLOOMBERG
Forget Black Friday or Cyber Monday. Travis Kalanick is having the sale of the century. The Uber Technologies Inc. co-founder unloaded $350 million more of stock this month, bringing his proceeds to more than $2.1 billion since a share lockup ended Nov. 6. The 43-year-old’s remaining stake in the ride-hailing company now constitutes about a fifth of his $3 billion fortune, according to the Bloomberg Billionaires Index, down from about 75% before the lockup….
THEREALDEAL
China’s largest co-working company, Ucommune, has filed plans for an initial public offering on the New York Stock Exchange. The offering could take place as early as next month, the Wall Street Journal reported. It will represent a test of investor sentiment following WeWork’s IPO debacle this fall — was WeWork’s failure a symptom of problems specific to the company, or is the co-working business model as a whole now in question? “The fact that they’re doing it so soon after WeWork is surprisin…
FORBES
Advances in technologies have the potential to impact our lives in many profound ways, from the coffee you drank this morning that has an equal chance of being made by a fully automated espresso machine as it does in the otherwise capable hands of your local hipster barista, to the device you’re most likely reading this very article on that’s millions of times more powerful than the NASA supercomputers that put man on the Moon in 1969.
TECHCRUNCH
The clock is ticking on Verizon’s plans to bring 5G to 30 cities. Short of an actual Christmas miracle, things are looking rough. On the upside, the carrier (and, disclosure, parent of TechCrunch) just brought the next-gen technology to a nineteenth city. And it’s a doozy. Verizon announced this morning that it has flipped the switch on 5G in Los Angeles. Or parts of it, at least. You get the usual caveat with Verizon’s chosen 5G tech here. It’s fast, coverage is limited. In fact, it’s limited …
TECHCRUNCH
Airbnb has well and truly disrupted the world of travel accommodation, changing the conversation not just around how people discover and book places to stay, but what they expect when they get there, and what they expect to pay. Today, one of the startups riding that wave is announcing a significant round of funding to fuel its own contribution to the marketplace. Domio, a startup that designs and then rents out apart-hotels with kitchens and other full-home experiences, has raised $100 million …
CREtech
CREtech, the leading commercial real estate technology conference and data company, has announced the acquisition of FUTURE: PropTech, Europe’s largest events company also devoted to the real estate tech sector. The acquisition of the London-based company represents CREtech’s commitment to building the largest international PropTech community through a new global expansion strategy. Together the combined company will drive innovation to the real estate industry by becoming the largest global rea…
HqO
HqO, the tenant experience (TeX) platform for commercial real estate, announced today that it has raised $34.25 million in Series B financing to power the company’s continued growth. HqO will use this capital to expand its market-leading technology, double its engineering team, and grow sales and business operations to accelerate national and international expansion. The funding round was led by Insight Partners and included the participation of previous investors Accomplice, Navitas Capital, Pr…
BISNOW
WeWork has entered the next phase of its cost-cutting under SoftBank Group’s stewardship. The coworking startup is looking to back out of as many as 100 newly signed leases, which would be at least 10% of its global footprint, The Information reports. New leases were among the biggest expenditures for WeWork in the third quarter, when it reported a loss of $1.25B after its IPO saga resulted in the removal of co-founder Adam Neumann as CEO.
THEREALDEAL
The Collective is upping its bet on co-living in Brooklyn with its third development in the borough — one that will be geared toward students and people looking for short-term stay space. The London-based co-living firm announced Monday that it is developing 292 North 8th Street in Williamsburg, which will mark its sixth project in the U.S. and fourth in New York City. The 100,000-square-foot development will house 224 units, 97 of which will be reserved for students. The rest of the apartments …
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