Latest Trends and Insights in Real Estate Technology

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  • Pilotless air taxi from China’s Ehang takes flight in the US for the first time

    THEVERGE

    Chinese drone maker Ehang demonstrated its autonomous air taxi in the US for the first time. The all-electric two-seater took flight for five minutes above a test track south of Raleigh, North Carolina, on Tuesday afternoon, with approximately 100 people, including the state’s governor, Roy Cooper, looking on. It represents the first time that Ehang has received permission to fly from the US Federal Aviation Administration, and it helped set the stage for it to receive approval for passenger dem…

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  • Toyota to build ‘city of the future’ at the base of Mount Fuji

    JAPANTIMES

    Toyota Motor Corp. plans to build a prototype “city of the future” at the base of Mount Fuji, powered by hydrogen fuel cells and functioning as a laboratory for autonomous cars, smart homes, artificial intelligence and other technologies. Toyota unveiled the audacious plan for what it plans to call “Woven City,” in a reference to its origins as a loom manufacturer, on Monday at the big CES annual consumer electronics trade show. “It’s hard to learn something about a smart city if you are only bu…

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  • L.A.’s booming tech scene gets its own publication to cover it, with all-star investors

    LATIMES

    When Spencer Rascoff moved back to Los Angeles four years ago, he discovered a broad and vibrant tech economy taking root in his hometown. The only thing it lacked: a homegrown tech press to tell the world about it. Rascoff had seen the impact that a tech-specific publication could have firsthand while living in Seattle, where he co-founded and then ran the digital real estate platform Zillow for nearly a decade. He appreciated how the local site Geekwire helped create a sense of community in th…

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  • Brickvest Administration Shows Fragility Of PropTech Business Model

    BISNOW

    One of the first major insolvencies in the PropTech sector highlights how difficult disrupting real estate can be. Brickvest was one of the leading lights of PropTech, particularly in the field of capital markets. The crowdfunding platform, which allowed investors to buy into real estate deals in the UK, U.S. and Europe for an investment of as little as $1K, had achieved a level of success. It had raised more than £15M of equity to grow its business from a variety of investors including two Germ…

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  • Venture Firms’ Dry Powder Reaches Record Level

    WSJ

    Venture firms are sitting on a mountain of cash, as more venture firms raise billion-dollar funds and late-stage growth funds. Dry powder, or cash that firms have raised but not invested, rose for a seventh consecutive year to roughly $276 billion in 2019, nearly triple what it was in 2012, according to data provider Preqin.

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  • Welcome to Walmart. The Robot Will Grab Your Groceries.

    WSJ

    In the backroom of a Walmart store in Salem, N.H., is a floor-to-ceiling robotic system that the country’s largest retailer hopes will help it sell more groceries online. Workers stand on platforms in front of screens assembling online orders of milk, cereal and toilet paper from the hulking automated system. Wheeled robots carrying small baskets move along metal tracks to collect those items. They are bagged for pickup later by shoppers or delivery to homes. Walmart is one of several grocers in…

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  • Together with portfolio company AMP Robotics, Sidewalk Labs launches recycling pilot in Toronto

    TECHCRUNCH

    Nearly a year after China stopped accepting the world’s garbage, cities around the globe are wrestling with what to do with all of their waste.  China’s new policy, which once accepted 70% of municipal solid waste generated around the world, means that cities like New York, London, and Paris need to find a new way to deal with their dumps. In Toronto, the municipal government is targeting a 70 percent reduction in the amount of recyclables and organics that are going into landfills or waste disp…

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  • What Does Tech Disruption in the Residential Sector Say About the Future of CRE Brokers?

    NREIONLINE

    Although the commercial real estate industry has generally been slow to adopt technology, that is starting to change, particularly on the brokerage side of the business. Sell-side brokers are increasingly listing their properties, for sale as well as for lease, with LoopNet and similar online platforms that supplement these listings with property information culled from a variety of public and private sources. These sites have become popular with prospective buyers and tenants alike.

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  • Traditional Brick and Mortar Brands Can ‘Crush It’ Online

    CONNECTMEDIA

    Successfully competing in e-commerce comes with a hefty price tag, but retailers need to be on this platform to survive and stay relevant to the consumer. Strong omnichannel retailers have thinned out and heightened the competition. This competition has also negatively impacted the retailer’s profit because of the high cost of e-commerce technology and talent, distribution centers, digital marketing and more. Some noteworthy competition includes Walmart, Target, Home Depot, Staples, Best Buy, Ta…

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  • Proptech the future for commercial investment

    GOODRETURNS

    The Auckland-based disrupter aims to increase access to high quality commercial real estate opportunities by allowing investors to purchase fractional ownership in assets. It will do this by providing a fully digitised onboarding, accreditation and subscription process and offering lower minimum and lower fees. And after launching in June, it’s been a whirlwind few months for Jasper. It scored a major seed investor in European asset manager M7 Real Estate in September and then its first investme…

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