Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • Uber promises profitability by 2021 despite rising losses

    VENTUREBEAT

    Uber on Monday posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures, sending its shares down 5.5% in after-hours trading. Nevertheless, the company promised it would be profitable by the end of 2021 as quarterly revenues, driven by its global ride-hailing business, beat expectations. Uber CEO Dara Khosrowshahi told journalists on a conference call the company as a whole would achieve adjusted …

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  • WeWork Owned Meetup Confirms Restructuring Layoffs

    TECHCRUNCH

    WeWork’s efforts to cut costs following the ouster of its chief executive officer and a delayed initial public offering looks to be impacting its subsidiaries. Meetup, which WeWork acquired for a reported $200 million in 2017, announced a round of layoffs this morning, TechCrunch has learned. The company, which helps people foster in-person connections by facilitating events across the globe, has shed as much as 25% of its workforce, most of which were employees of the company’s engineering dep…

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  • Real Estate Startup HomeLight Secures $109M In Debt & Equity

    CRUNCHBASE

    Buying a home is one of the biggest, and most expensive, decisions in a person’s life. Over the past year or so, we’ve written about a slew of startups that have developed technology aimed at making the process smoother and cheaper in one way or another. Today, another such startup, San Francisco-based HomeLight, has announced a $109 million round of debt and equity funding. The financing round includes $63 million in Series C equity from venture capital firms and $46 million in debt financing “…

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  • Why supermarkets are building ‘dark stores’

    CNN

    America’s top supermarkets are facing a new challenge: Grocery aisles in stores aren’t suited to meet the growing demand for online orders. So Walmart, Albertsons, Stop & Shop, Meijer, Hy-Vee and others are building automated mini-warehouses inside their stores and opening up “dark stores” — locations that look like supermarkets but are closed to customers — to make deliveries and prepare pickup orders. Although only around 5% of US shoppers buy their groceries online today, analysts expe…

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  • BuildOps, a Los Angeles-based provider of management software for commercial real estate contractors, raised $5.8 million in seed funding led by Fika Ventures.

    TECHCRUNCH

    Software development companies tackling services for niche industries, like commercial real estate subcontracting, continue to find Los Angeles to be fertile ground for development. The latest company to raise funding from a clutch of investors is BuildOps, which raised $5.8 million in seed financing from some big names in the Los Angeles tech ecosystem. Led by Fika Ventures, with additional investments from MetaProp VC, Global Founders Capital, CrossCut Ventures, TenOneTen, IGSB, 1984 Ventur…

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  • Episode 2 Available Now: The Real Crowd Podcast Interview Series featuring Dave Eisenberg and Tom Arnold

    THE REAL CROWD PODCAST

    Listen now to episode 2 of The Real Crowd’s podcast interview series, “Fundamentals of Commercial Real Estate Investing” at CREtech New York 2019 featuring Dave Eisenberg, Founding Partner, Zigg Capital; Tom Arnold, Co-Founder & CEO, Gridium; Taylor Odegard, Co-Founder & CEO, NavigatorCRE; and Kevin Shtofman, COO, NavigatorCRE.

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  • Intel bids for ‘smartest building in the world’ title with new office

    SMARTCITIESWORLD

    Intel reckons its new office in Petach Tikva, Israel, is “the smartest building in the world”. The 800,000-square-foot, 11-storey building named PTK1 houses 2,000 employees and took three years to construct. One of the reasons behind Intel’s claim is that PTK1 includes 14,000 sensors. Intel says 7,000 is the norm for other high-tech buildings, although The Edge in Amsterdam, often cited as the world’s smartest building, contains 30,000 embedded sensors. At PTK1, these sensors monitor and control…

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  • These Are The Top Real Estate Tech Trends In 2020

    FORBES

    Deloitte’s 2020 Commercial Real Estate Outlooksurveyed 750 owners, operators and investors in 10 different countries across various commercial real estate sectors to gauge to top tech trends for 2020. Jim Berry, a partner at Deloitte & Touche LLP, said that real estate is no longer about ‘location, location, location’ and has evolved into a new mantra that Deloitte has termed, ‘location, experience, analytics’. “While real estate has historically trailed other industries in embracing technol…

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  • China launches national 5G, promises 50 cities by end of 2019

    VENTUREBEAT

    Confirming data plan price leaks by China Mobile and its rivals earlier this week, China’s top three cellular carriers have officially commenced commercial 5G data services today, with aggressively priced data plans. Each of the carriers has launched in a strong initial collection of cities, with a promise to cover as many as 50 locations by year’s end. As of today, actual 5G service appears to be available across many of China’s major cities, including Beijing, Shanghai, Guangdong, and Shenz…

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  • Investing In Advancing Property Management Technology

    FORBES

    When it comes to technology, the real estate industry has traditionally been slower to embrace advancements than many other fields. Breakthroughs eagerly adopted by other industries initially met with resistance from leading real estate players, leading to the kind of delayed adoption that unnecessarily hems in sales and profits. But as competition has grown more robust year after year the real estate industry has followed others to one realization. Companies must embrace technology or wither…

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