Latest in Commercial Real Estate Tech News by CREtech

Cities Worldwide Are Reimagining Their Relationship With Cars

NYTIMES

11/15/2019

At a time when most of humanity lives in cities, where do cars belong — especially the old, polluting ones that make city air foul for people to breathe? That question has vexed city officials across the world. Many are trying a variety of measures to reimagine the role of automobiles, the machines that forever changed how people move. The immediate motivation is clear: City dwellers want cleaner, healthier air and less traffic. The long-term payoffs can be big: Curbing transportation emissions,…

Zillow, Opendoor Pay Close to Market Value for Homes, Study Says

WSJ

11/14/2019

Companies using technology to make rapid cash offers to home sellers are typically paying their customers close to market value, a new study found. The study’s conclusion is likely to be reassuring for sellers who are considering using so-called iBuyers instead of traditional real-estate agents. But it raises questions about the long-term sustainability of the iBuying business.

$7.5B smart ‘mini-city’ secures land on Las Vegas Boulevard

SMARTCITIESDIVE

11/14/2019

The developer touts this as a step forward in building a futuristic “mini-city” equipped with vertical gardens and advanced smart buildings featuring self-healing concrete and energy-generating materials, though some details remain unknown. The Las Vegas Review-Journal reports there is no guarantee the deal will close, and noted the planned amenities are described using “an arsenal of buzz words.” Bleutech is slated to break ground on the site in December. Real estate investment trust Bleutec…

Oyo’s business model is looking a lot like WeWork’s

ASIA NIKKEI

11/14/2019

The parallels between hotel chain unicorn Oyo and office-sharing unicorn WeWork — whose value plunged from $47 billion to “a pretty high probability of being a zero,” according to a veteran investor after seeing its IPO filing — point to their common DNA and raise similar questions. SoftBank Group, directly and through its Vision Fund, is heavily invested in both. Three symptoms stand out: first, a questionable business model; second, Oyo’s numbers, and in particular its shockingly small re…

The Sprint Became A Marathon’: Coworking Firms Slow Growth After WeWork Meltdown

BISNOW

11/14/2019

“Knotel has been growing quite fast, we have grown almost fourfold in the last year,” Knotel co-founder and Chairman Edward Shenderovich said at a future of flex office leadership event hosted by Convene in New York City on Tuesday. “Given what happened with WeWork we’ll probably slow down. There’s no reason to grow that fast.” Shenderovich said the company — which reportedly has some 800K SF due to become vacant in the next year — will be “cash-flow positive” in all of the firm’s core markets t…

Convoy raises $400 million to expand its on-demand trucking platform

TECHCRUNCH

11/14/2019

Convoy, the digital freight network that connects truckers with shippers, has raised $400 million in a Series D funding round as it aims to scale its business amid an increasingly competitive market. The funding round brings Convoy’s post-money valuation to $2.75 billion. The round was co-led by Generation Investment Management and previous Convoy investor T. Rowe Price Associates. Asset management firm Baillie Gifford, which has fondness for pre-IPO tech companies, Fidelity and Durable Capital …

Beyond Ventures leads US$3M investment in Mapxus – a promising start-up in the nascent indoor-mapping industry

YAHOOFINANCE

11/14/2019

Hong Kong-based venture capital fund Beyond Ventures is spearheading a US$3 million investment project to benefit Mapxus, one of Apple’s Indoor Mapping Data Format (IMDF) platform service providers. Founded by an impassioned team of professors, tech professionals and entrepreneurs, Mapxus contributes to the development of a smart city by making indoor mapping simple for all stakeholders. The funding will serve the start-up company’s research and development (R&D), sales, marketing and opera…

This autonomous trucking startup out of MIT wants computers to think like human drivers, and it just became the first self-driving truck investment for Founders Fund

BUSINESSINSIDER

11/14/2019

There’s a new autonomous driving startup on the block, and it just brought on one of the most sought-after investors in Silicon Valley. That startup, isee, announced $15 million in Series A funding from Founders Fund on Monday. Although Founders Fund has backed a self-driving startup in the past, this is its first foray into the red hot automated logistics and shipping industry, given isee’s focus on the trucking industry. “The other self driving companies out there were operating with the same…

Property tech startup Smarten Spaces raises US$12m from Hong Kong’s Symphony

BUSINESSTIMES

11/14/2019

SMARTEN Spaces, which offers an end-to-end digital platform for space management, has raised US$12 million in Series A funding from Hong Kong’s Symphony International Holdings. The Singapore-headquartered property tech startup digitises services for enterprise offices, commercial real estate, as well as co-working, co-living and warehousing spaces. The fresh capital from Symphony will accelerate Smart Spaces’ expansion across Asia-Pacific and North America. Driven by artificial intelligence (AI)…

MoxiWorks Acquires Automated Marketing Service, Imprev

GLOBEST

11/14/2019

Real estate technology platform, MoxiWorks has acquired Imprev, an automated marketing service. Imprev’s services will be implemented in MoxiWork’s products, software and platform to improve brokerage processes.

Latest Trends and Insights in Real Estate Technology

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Cities Worldwide Are Reimagining Their Relationship With Cars

Zillow, Opendoor Pay Close to Market Value for Homes, Study Says

$7.5B smart ‘mini-city’ secures land on Las Vegas Boulevard

Oyo’s business model is looking a lot like WeWork’s

The Sprint Became A Marathon’: Coworking Firms Slow Growth After WeWork Meltdown

Convoy raises $400 million to expand its on-demand trucking platform

Beyond Ventures leads US$3M investment in Mapxus – a promising start-up in the nascent indoor-mapping industry

This autonomous trucking startup out of MIT wants computers to think like human drivers, and it just became the first self-driving truck investment for Founders Fund

Property tech startup Smarten Spaces raises US$12m from Hong Kong’s Symphony

MoxiWorks Acquires Automated Marketing Service, Imprev

Latest Trends and Insights in Real Estate Technology

Search

Cities Worldwide Are Reimagining Their Relationship With Cars

Zillow, Opendoor Pay Close to Market Value for Homes, Study Says

$7.5B smart ‘mini-city’ secures land on Las Vegas Boulevard

Oyo’s business model is looking a lot like WeWork’s

The Sprint Became A Marathon’: Coworking Firms Slow Growth After WeWork Meltdown

Convoy raises $400 million to expand its on-demand trucking platform

Beyond Ventures leads US$3M investment in Mapxus – a promising start-up in the nascent indoor-mapping industry

This autonomous trucking startup out of MIT wants computers to think like human drivers, and it just became the first self-driving truck investment for Founders Fund

Property tech startup Smarten Spaces raises US$12m from Hong Kong’s Symphony

MoxiWorks Acquires Automated Marketing Service, Imprev

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