Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
MANN PUBLICATIONS
Planned Companies, a real estate service provider, is unveiling its fully-integrated communications platform, Employee Nexus at CREtech New York, which will be available for companies with a significant portion of their employees who are regularly in the field. The technology service aims to deliver a solution for easy, measurable, two-way communication between an employer and its employees.
SPATIAL.AI
Atlanta, GA – October 23, 2019 – TSCG (formerly The Shopping Center Group) / TSCG Analytics, a leading provider in real estate analytics and advisory services, and Spatial.ai have announced the integration of Geosocial data into TSCG’s location analytics toolset. TSCG advisors and analysts will now be able to leverage location-based social media data to better understand consumers: their attitudes, their behaviors, and the shopping and dining experiences that interest them most. Through t…
GLOBEST
AUSTIN, TX—The percentage of global city dwellers today is 55%, a number that is expected to increase to 68% by 2050. While urban migration patterns increase populations in metropolitan areas around the world, and cities become hubs of business, technology and culture, expansion is restricted by deteriorating infrastructure and declining surface capacity. Urban areas are experiencing an evolution from the previous model of disjointed transportation and navigation to intelligent mobility syste…
WSJ
Adam Neumann stands to receive up to $1.7 billion as part of a deal with SoftBank Group Corp. to step away from office-space startup WeWork. The company’s employees aren’t doing so well. Thousands of staff are slated to be laid off soon as the company rapidly tries to cut costs and steer the money-losing company toward a path to profit, according to people familiar with the strategy.
THE REAL DEAL
Bowery Valuation, a tech-enabled appraisal startup, has raised $8 million in a funding round led by real estate firm Lightstone Group. The New York-based startup, run by former appraisers Noah Isaacs and John Meadows, has raised $27 million since its founding in 2015. Nine Four Ventures and Greenspring Associates also participated in the firm’s latest round, which follows the company’s $12 million Series A earlier this year. Lightstone Group, led by David Lichtenstein, has dabbled in investme…
NEW YORK TIMES
Even as WeWork was scrambling to secure a financial bailout last week, Sebastian Gunningham, one of its co-chief executives, made time to oversee the opening of Dock 72, an immaculate shiplike building on the Brooklyn waterfront that houses one of the company’s newest shared working spaces. As Mr. Gunningham posed for a ribbon cutting with the building’s owners and a local city councilman, WeWork’s expansive offices loomed over them — an embodiment of how the company overextended itself and now…
BISNOW
Blockchain-fueled investments promise to dramatically transform the commercial real estate market landscape, and stakeholders are starting to take notice. Blockchain technology unfreezes real estate equity, making it a more feasible investment option for those who need more liquidity in their portfolio. Much of its new technology is just beginning to break on to the real estate investment scene, where it could completely transform the way real estate is traded — and open the door for many wh…
TECHCRUNCH
Shipwell, the software platform for managing trucking logistics, has raised $35 million and is expanding its suite of services to become a full-service hub for logistics management. The new round led by Georgian Partners comes as the company has just expanded its suite of tracking and management tools to integrate with FedEx’s parcel shipping services. The company also is planning an expansion into ocean shipping in the coming months, according to chief executive Gregory Price….
TECHCRUNCH
Yesterday, in addressing nervous WeWork employees at an all-hands, the company’s new chairman, SoftBank executive Marcelo Claure, told those gathered that their days of worrying are over, says Recode, which obtained a leaked recording of the meeting. In comments that may stun industry observers who haven’t done the math — and upset at least some percentage of SoftBank investors — Claure is quoted as telling employees: “We have guaranteed the future of WeWork, but more importantly is we’re putt…
GLOBEST
Wander has reimaged the internet-service business, and now it is opening up shop in L.A. The Internet provider has made a name for itself by offering high-speed Internet service for $25 per month without a contract commitment. The business model is based on providing only the speeds that residents use, which is typically 50 Mbps per year or less. “I started my career at Disney right as Comcast made a hostile takeover bid in the group tasked with presenting to the board on whether it was worth…
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