Latest Trends and Insights in Real Estate Technology

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  • WeWork Reportedly Looking To Back Out Of Up To 100 Leases

    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.

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  • The Collective plans $150M co-living project in Williamsburg

    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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  • Fabric’s Tel Aviv robot-powered microfulfillment center begins grocery delivery

    VENTUREBEAT

    Microfulfillment centers — located inside existing stores or structures that hold a market’s worth of goods — are increasingly being hailed as the solution for speedy shipping in space-starved city centers. Calgary, Alberta-based Attabotics‘ product condenses aisles of warehouse shelves into single vertical storage structures that roving shuttles traverse horizontally. As for Fabric (formerly CommonSense Robotics), its automated fulfillment sites pack shelves, lift robots, and wheeled robots in …

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  • RET Ventures Adds Christopher Yip as Partner

    GLOBEST

    Christopher Yip is joining RET Ventures, an early stage venture fund focused on real estate technology companies for the multifamily and single-family rental industries, as partner and managing director.

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  • SoftBank-funded construction startup Katerra promised a tech revolution. It’s struggling to deliver.

    THEREALDEAL

    In an email to employees last week, Katerra CEO Michael Marks had a few uplifting thoughts on the year gone by. His startup, which seeks to transform the $12 trillion global construction industry through technology and automation, has grown to more than 8,000 employees, is nearing profitability and will soon open a new state-of-the-art factory in California. Clients are returning, he wrote, and the company has more than $15 billion worth of building projects in a pipeline spanning the United Sta…

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  • Fire Up Sidewalk Labs’ New Software And Presto! A New Neighborhood Is Designed

    BISNOW

    Sidewalk Labs, an urban planning subsidiary of Google parent company Alphabet Inc., is rolling out software it says is capable of generating billions of planning scenarios to create new urban areas. Using machine learning and other tools, the software can also help planners evaluate this multiplicity of design scenarios in terms of how they impact the quality of life for residents, Sidewalk Labs says. Thus, the software can help determine the options most beneficial to a very specific area.

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  • ‘We Trusted You’: WeWork’s Chair on Adam Neumann and the Future

    NYTIMES

    Marcelo Claure flopped into a chair late this week at WeWork’s headquarters in New York, looking exhausted and exhilarated, his 6-foot-6 frame splayed across the glass meeting room. Mr. Claure, the newly installed executive chairman of the embattled company and a top lieutenant of SoftBank’s Masayoshi Son (who plowed over $10 billion into WeWork), has been preparing to testify in a case brought by a group of state attorneys general challenging T-Mobile’s acquisition of Sprint, where Mr. Claure i…

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  • This Was A Big Year For Fintech, Real Estate, Insurance, And Automation

    CRUNCHBASE

    As 2019 enters its final weeks, it seems timely to start looking at what sectors are poised to close out the year with a bang.  This seems to be the year that every startup decided to become a bank. And every venture capitalist decided to write a check to one or more of those startups. Much of the funding went to “neobanks,” a fancy term to describe upstart digital banks working on everything from savings and checking accounts to mobile debit cards. Many are focused on bringing banking services …

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  • In Scooter Startups, Landlords See a Competitive Edge—and a Path to the City of the Future

    FORTUNE

    In the two years since electric scooters first arrived on the streets of Southern California, the e-scooter industry has exploded beyond virtually everyone’s expectations. Startups like Bird and Lime have built an international presence and now have private valuations that exceed $2 billion. Ride-sharing heavyweights Lyft and Uber (the latter through its own micro-mobility vertical, Jump) have also entered the game, as has automotive giant Ford Motor Company, which paid $100 million to acquire b…

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  • Predictive Analytics In Demand From CRE Firms

    GLOBEST

    Predictive analytics has become as necessary as a cup of coffee in the morning for CRE professionals, Neelika Choudhury, senior vice president of product strategy at Ten-X Commercial, a commercial real estate technology firm, tells GlobeSt.com. “Users are demanding predictive analytics with our offerings,” she said.

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