Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
THEREALDEAL
Five months after Realogy hit Compass with a bombshell lawsuit, the SoftBank-backed defendant is looking to resolve things outside of a courtroom. In a Nov. 25 motion, Compass asked a New York judge to stay the legal proceedings and compel the two companies to seek arbitration. The brokerage’s motion argues that the majority of Realogy’s accusations pertain to the Corcoran Group, its successful New York City-based subsidiary.
BISNOW
A SoftBank-backed real estate startup with a broad vision has reportedly backed out of several deals this year — but its name isn’t WeWork. Katerra, a Menlo Park-based prefab construction startup valued at over $4B, has stopped work on at least six projects this year, according to The Information, and is raising eyebrows among CRE sources Bisnow spoke to recently. Consistent with the other startups in SoftBank’s Vision Fund, Katerra has received hundreds of millions of dollars in funding from it…
PULSE2
Entera — a premier real estate technology platform that enables investors to efficiently access, make data-driven decisions, and purchase residential real estate — announced it has raised $7.5 million in funding. This round of funding was led by Bullpen Capital and Craft Ventures with participation from ValueStream Ventures and Chris Heller, who is the former CEO of Keller Williams and currently the Chief Real Estate Officer of OJO Labs.
THENEWSFUNNEL
It’s been an eventful and in many ways difficult year for the senior housing industry — and it’s not over yet. But as calendars turn over to December, it’s time to take stock. With that in mind, we’ve compiled some of the most vivid and powerful quotes that appeared in Senior Housing News this year. These quotes — one from each of the last 11 months — convey some of the biggest trends, most difficult challenges, and most attractive opportunities that defined 2019 for senior living.
VENTUREBEAT
Amazon’s re:Invent 2019 conference is nearly two weeks out, but try telling that to Amazon Web Services (AWS) — it’s unveiling new products left and right. Following on the heels of Alexa on AWS Core and new languages Amazon Translate and Transcribe, AWS today detailed features designed to make adding AI predictions to apps and services easier than before. Amazon says that machine learning predictions will soon run on unstructured or relational data in Amazon S3 or Aurora, AWS’ cloud-hosted MySQ…
BLOOMBERG
Intel Corp. is seeking buyers for its connected home division, a unit that makes chips used in home internet access gear, according to people familiar with the matter. The chipmaker has hired a financial adviser and is seeking to sell the unit that has annual sales of about $450 million, said the people, who asked not to be identified because the matter is private. A representative for the Santa Clara, California-based company declined to comment. Intel Chief Executive Officer Bob Swan has said …
SMARTCITIESWORLD
Amazon has named the finalists in its 2019 City on a Cloud Innovation Challenge. The sixth annual contest includes categories for constituent services, solving persistent problems, sustainability and equity, powered by AWS, dream big and public datasets. The competition received more than 100 nominee use cases around how AWS customers are using the cloud to innovate and improve quality of life for citizens. Initiatives up for awards include the use of data to tackle the opioid crisis response an…
HOLLYWOODREPORTER
It looks like any of the dozens of co-working spaces that have popped up around L.A. in recent years — a cluster of long tables with easy access to electrical outlets, a whiteboard next to a comfy couch, a fridge stocked with boxed water. But there’s something that makes ParagonSpace a little different. When the Hollywood spot opens its doors to members Sept. 1, it will become the city’s first shared workspace for the cannabis industry. Look a little closer and those angular green chairs in t…
FINANCIALPOST
Sidewalk Labs and Plaza Ventures plan to launch a venture capital fund focused on smart-city technology, The Logic has learned. Expected to be between $20 million and $30 million, it would focus on high-risk investments in early-stage companies with the goal of establishing Toronto as a “global centre” for smart-city tech — but is contingent on Waterfront Toronto moving ahead with Sidewalk as a partner in a controversial development on the city’s lakeshore. The Urban Technology Venture Fund woul…
FASTCOMPANY
Los Angeles has a reputation as a car-dependent city. But the city (and the surrounding county) also now has the country’s most ambitious plan for cutting emissions from transportation. In less than a decade, it wants the majority of new cars to be electric and all city buses to be electric—and it wants 20% of trips that currently happen in single-occupancy cars to shift to public transportation or active transportation like biking. Today, a set of partners released the Zero Emissions 2028 R…
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