Latest Trends and Insights in Real Estate Technology

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  • Construction startup Katerra closing Phoenix factory

    THEREALDEAL

    Katerra, a Silicon Valley startup backed by SoftBank, has closed a large factory in Phoenix, weeks after one of its co-founders left the firm. The Menlo Park–based firm, which is valued at more than $4 billion, says it uses tech to deliver construction projects inexpensively. But it has a history of delaying or abandoning projects and in recent months has laid off hundreds of employees. The Phoenix factory, which was the company’s first, had been used to prefabricate building components for Kate…

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  • How Automation in Real Estate Became A $100 Billion Opportunity. Who Will Be Disrupted?

    FORBES

    In 2018, the U.S. housing market increased its value by $1.9 trillion, bringing the total market size to $33.3 trillion, with an annual sales volume of $1.7 trillion. With fees around real estate transactions that can consume up to 10% of the property sale price, the size of the new dynamic sector that I will write about below can total up to $170 billion per year (with technology eating $100 billion of it as per venture capitalists). Obviously, half of the fees are going to realtors, who are ve…

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  • The New Way Companies Invest in Workplace Technology Infrastructure

    GLOBEST

    Companies are adopting bring-your-own device programs, where employees use their own personal devices on the job. These programs allow employees to use their device of choice on site—increasing efficiency and nixing the standard one-to-one system where a company needs to own the technology infrastructure from end-to-end.

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  • Acuity Invests in Indoor GPS with Acquisition of LocusLabs

    EDISONREPORT

    Acuity Brands, Inc. (AYI) announced today it has acquired LocusLabs, Inc., a leading indoor mapping and location platform. The LocusLabs software platform supports navigation applications (apps) used on mobile devices, web browsers and digital displays in airports, event centers, multi-floor office buildings and campuses. Visitors employing LocusLabs’ software can easily search, explore and navigate large, complex indoor spaces.

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  • Ocado to Build Robot Warehouses in Japan

    BLOOMBERG

    Ocado Group Plc got one of its biggest contracts yet to set up robotic warehouses for online grocery sales with Japanese retailer Aeon Co., expanding the U.K. company’s reach into Asia. Ocado’s shares surged as much as 15% early Friday in London, the most in a year and a half on an intraday basis. The British company said it will develop a network of automated warehouses to facilitate home delivery to Japanese consumers, with expected sales capacity of around 1 trillion yen ($9.1 billion) by 203…

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  • Blackfinch invests in MoveBubble

    ANGELNEWS

    Blackfinch has invested in London-based company Movebubble, founded in 2014. Movebubble offers an app that lists properties available to rent, and helps manage the rental process, from booking viewings to moving into a property. Movebubble has over 30,000 properties available to view in London and Manchester with real-time availability of all those listed.  The app uses data from its users to suggest suitable areas and properties, making it easier for people to find and secure a rental.

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  • Cities are innovating to build trust around their smart city data

    SMARTCITIESWORLD

    Trust. This was a common answer at the recent Smart Cities Week in Washington, DC to the question, “what is your biggest challenge in implementing smart city projects?” It was the answer given by multiple municipal representatives at different times and in different sessions. Not project planning. Not capital expenses. Not vendor selection or approval processes.

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  • WeWork Rival RocketSpace to Leave U.K. in Co-Working Blow

    BLOOMBERG

    RocketSpace Inc., a San Francisco-based WeWork rival, is pulling out of its U.K. shared office business and will shut down the subsidiary by April in another blow to London’s co-working scene. Chief Executive Officer Duncan Logan told U.K. employees last month that they’d be out of a job after Dec. 20, according to a person familiar with the plans, who asked not to be identified because the information is private. The company will instead refocus on funding services for startups, according to em…

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  • Modular Monitor: Why does offsite construction matter?

    CONSTRUCTIONDIVE

    Hype for modular construction has hit a level of ubiquity. It seems like every month another prefabricated hotel tops out at a record height for the delivery model, or a city official lauds the practice as the panacea for affordable housing — and the labor pinch —​ or a new offsite-based startup follows Katerra in stacking up investment funds. But for every modular-related headline, there’s a project supervisor barking safety orders at a crew on a cold jobsite who is thinking of modular as niche…

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  • Dubai is now home to world’s largest 3D-printed building

    SMARTCITIESDIVE

    A Boston-based technology company has completed what it says is the largest 3D-printed building in the world in 21 days. 3D printing equipment manufacturer Apis Cor recently built a two-story administrative office building for a Dubai government agency using one mobile printer. Standing at 31 feet tall with an area of 6,889 square feet, the building’s walls were printed while the insulation, roof, foundation and windows were installed using traditional building methods, Apis Cor CEO Nikita Cheni…

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