Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
BLOOMBERG
Juniper Square, a startup maker of software for commercial real estate investing, raised $75 million in a series C funding round led by venture capital firm Redpoint Management LLC. Ribbit Capital, Felicis Ventures LLC and Zigg Capital also participated, Juniper said Thursday in a statement. Elliot Geidt, a partner at Redpoint, joined Juniper’s board last month. …
GLOBEST
Knowing how to reach the important demographic of 73 million Millennials, the largest US renting segment, is vital. This generation is a well-informed, Internet-savvy group of consumers who value flexibility and mobility. When it comes to renting, they are laser-focused on location, amenities, lifestyle, pricing and ease of doing business which is easily achieved via a variety of digital marketing tactics. Specifically, 80% of apartment residents say they visited a property website before rentin…
In this #DreamitLive, Urbantech Managing Director Andrew Ackerman speaks with CREtech CEO Michael Beckerman about the latest trends in innovation in the commercial real estate industry. Michael Beckerman runs CREtech, the largest event, data and content platform in the commercial real estate tech sector. This position gives him an unparalleled vantage point on emerging tech trends, which technologies are having the biggest impact, and how leading organizations are adapting their companies to int…
THE REAL DEAL
SoftBank Group CEO Masayoshi Son has recently admitted that he made several big mistakes when investing in U.S. tech companies, especially with (surprise!) WeSomehowStillExistWork. It turns out that telling the eccentric leader of a new company he is not being crazy enough can occasionally end up not being the best advice. As Son looks to restore the reputation of himself and his company, The Real Deal is here to help with some recommendations for investments that should prove to be much safer a…
BROOKINGS
Artificial intelligence (AI) has generated increasing interest in “future of work” discussions in recent years as the technology has achieved superhuman performance in a range of valuable tasks, ranging from manufacturing to radiology to legal contracts. With that said, though, it has been difficult to get a specific read on AI’s implications on the labor market. In part because the technologies have not yet been widely adopted, previous analyses have had to rely either on case studies or subjec…
TEHCRUNCH
Inhabitr, a Chicago-based furniture rental platform, has today announced the close of $4 million in Series A funding, led by Great North Labs. Inhabitr launched in 2016 after the co-founders, who have gone through dozens of moves between the two of them, decided that purchasing, moving and maintaining furniture is one of the biggest pain points of the whole process. Inhabitr tries to solve that by letting users rent furniture on the platform at a much more affordable cost than buying, never havi…
MITCRE
The following research investigates the application of security tokenization to commercial real estate assets. Primary research through interviews was conducted to uncover some of the most salient use cases and blockchain benefits for the space. The report explores three domains of blockchain application to real estate: (1) the application of blockchain to securities issuance and trading, (2) the application of blockchain to the real estate investment value chain, and (3) the applicati…
CRETECH
I have had the pleasure of knowing Ben Liao, Managing Director at Techstars, for several years. He is someone that I am proud to call a friend, colleague and who is truly an inspiration to me personally. His passion for changing an entire industry along with his extraordinary work ethic serves to inspire me daily in my role leading CREtech.com. He has been a tireless supporter of our company and I am incredibly appreciative of all he has done for us but also, for so many. I often get asked where…
CNBC
WeWork is laying off 2,400 employees as it works to cut costs and right-size the business, the company confirmed to CNBC.In a statement, a WeWork spokesperson said the cuts were being made as part of the company’s efforts to “create a more efficient organization” and refocus on the core office-sharing business. The job reductions represent 19% of WeWork’s total workforce, which amounted to 12,500 employees as of June 30, according to an SEC filing. “The process began weeks ago in regions around …
FACILIO
A new era of technology has ensured that the contemporary customer expects real-time, on-demand services, readily available at their fingertips. As customer experience (CX) expectations grow, businesses are adopting value-over-volume and people-centric approaches to stay competitive. Within the facilities management function of the commercial real estate sector, which traditionally focused on physical assets, the spotlight has shifted to facilitating enhanced occupant experiences, instead. This …
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