Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
BISNOW
Amazon’s quest to insert itself into every residence continues apace. The online giant has invested an undisclosed sum into PropTech startup SmartRent, which packages and sells smart home services to multifamily landlords, Commercial Observer reports. The investment will allow SmartRent to integrate Amazon products into its platform.
BLOOMBERG
Real estate investment manager DTZ Investors and co-living developer the Collective have started the world’s first fund to buy and build communal housing in London, betting lonely renters and sky-high house prices will make the niche sector mainstream. The venture is seeking 650 million pounds ($825 million) in commitments and plans to invest in six to 10 projects in London, according to a statement Monday. The fund has 70 million pounds of seed capital and its managers aim to build a por…
COSTAR
Nashville has experienced the strongest rent growth in the Southeast over the course of the current economic expansion. Industrial rents in Nashville are now nearly 70% higher than they were just before the Great Recession. Nashville’s strong industrial performance is driven by strong demographic growth, and the continued expansion of multi-national automotive firms in the area. Nashville’s large automotive presence has led to increased demand for industrial properties. Both General Motors…
BERKADIA
NEW YORK – October 10, 2019 – Berkadia today announced the launch of BeEngaged, a program within the firm’s Innovation Division that advises and fosters startups that are redefining the commercial real estate industry. BeEngaged provides startups with resources, strategic counsel and a collaborative network to test and grow innovative concepts.
SCOTT GALLOWAY
Last night I met up with friends at Soho House, a members-only club. I’ve always wanted to be a member, and have several friends who’ve offered to sponsor me. But the thought of being rejected for membership by a club where all my friends are members is damage my ego couldn’t endure. So, no membership for the dawg. As a guest, I’ll have a nice meal and a couple Maker’s and Gingers (i.e., 5). I’ll then go home and decide the smart thing to do would be a preemptive strike against my member-like ha…
NMHC
The National Multifamily Housing Council (NMHC) has announced the five finalists for its 2019 Innovation Challenge. Every year, the Challenge seeks innovative solutions to vexing apartment industry challenges. This year’s challenge sought solutions for reducing the construction costs or time to bend the cost curve of housing production as a way to address the nation’s housing affordability crisis.
YAHOO FINANCE
Verizon (VZ) CEO Hans Vestberg on Thursday said that 5G connectivity will have an enormous impact on how consumers and businesses operate across the globe. “This is one of the most important technologies to transform the world,” Vestberg said during the Yahoo Finance All Markets Summit in New York. (Note: Verizon is the parent company of Yahoo Finance) According to Vestberg, Verizon has three main business cases for 5G. There’s the main consumer use case, which includes 5G smartphones; the…
NEXKEY
Nexkey, an end-to-end provider of mobile access control solutions, today announced that it has raised a $6 million Series A round led by Upfront Ventures. Manu Kumar’s K9 Ventures, Mark IV Capital and Anand Chandrasekaran, former Head of Platform for Messenger at Facebook also participated in the round….
JONES
Jones completes $8M seed round to accelerate adoption of compliance network for commercial real estate owners, managers and developers. Oct. 10, 2019 (NEW YORK CITY) Jones, a New York City based commercial real estate startup, announced today an additional $4.6 million venture round led by Hetz Ventures alongside JLL Spark, WeWork, MetaProp Ventures, GroundUp Ventures and 500 Startups. The company raised $8 million to date. Jones provides a software-as-a-service solution helping commercia…
GLOBEST
In 2017, Vanessa Anderson joined Truss, a real estate technology company that created an online marketplace for commercial real estate leasing, to manage the supply side of the market. As VP of Operations, she has spearheaded the creation of a modernized, automated, and comprehensive commercial real estate listing database in 10 major US markets. She used innovative techniques and cutting-edge technology to gather and maintain the listing data in the challenging CRE data environment.
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