Latest in Commercial Real Estate Tech News by CREtech

Autonomous trucking startup Einride eyes US market with $25 million in new funding

TECHCRUNCH

10/11/2019

Einride, the Swedish autonomous vehicle startup known for its futuristic pods designed to haul freight, has raised $25 million in a Series A round that will be used to fund its expansion into the United States. The round was co-led by EQT Ventures and NordicNinja VC, a fund backed by Panasonic, Honda, Omron and the Japan Bank for International Cooperation. Other investors joining the round include Ericsson Ventures, Norrsken Foundation, Plum Alley Investments and Plug and Play Ventures. The st…

CREtech Announces Final List of Industry Speakers for October 16 and 17th NYC Conference

CREtech

10/11/2019

The World’s Most Influential Commercial Real Estate Tech Conference Is Coming To Brooklyn This Week New York, NY (October 11, 2019) — CREtech (cretech.com), the leading event, content and connectivity platform for the commercial real estate technology industry has announced its final list of confirmed speakers for their flagship NYC conference. The 2019 CREtech NYC Conference will be held this week on October 16th and 17th at Dock 72 in Brooklyn and will be the largest commercial real estate t…

Sweepr Raises $9M in Series A Funding

FINSMES

10/11/2019

Sweepr, a Dublin, Ireland-based provider of a smart-home customer service platform, raised a $9m in Series A funding. The round was led by Draper Esprit, with participation from Frontline.vc. The company intends to use the funds to continue to expand operations and its business reach. Founded in 2017 and led by CEO Alan Coleman, Sweepr provides a voice-activated smart-home customer service platform to reduce stress for residents and support teams alike. The platform allows service prov…

WeWork Opens NorCal Space To Public In Shut-Off Areas

BISNOW

10/11/2019

Embattled coworking behemoth WeWork has opened five locations in Northern California to people in need of power during Pacific Gas & Electric Co.’s massive power shut-offs, the company said Thursday. The company is making available San Francisco locations WeWork at Waterfront Plaza (50-60 Francisco St.), WeWork at 995 Market St. and WeWork at 1460 Mission St., as well as its 75 East Santa Clara St. location in San Jose and The Towers at Emeryville at 1900 Powell St.

WeWork’s Layoffs Come Into Sharper Focus

CRUNCHBASE

10/11/2019

WeWork’s impending layoffs are coming into sharper focus after the highly valued and well-funded unicorn reckons with the wreckage of its attempt to go public. The We Company, parent company to popular coworking brand WeWork, tried to go public this year, only to meet a fusillade of criticism after its filing became public. Obtuse financials, staggering losses, a messy CEO, and more led investors to pass on its shares, leading to their rapid devaluation during the IPO process….

‘The heart of the building’: AI pumps life into architecture at Microsoft through interactive ‘Ada’

GEEKWIRE

10/11/2019

Art and architecture already speaks to us on a multitude of levels. A new installation on Microsoft’s campus in Redmond, Wash., communicates in a new way, using artificial intelligence to “read the room” and become an interactive element reacting to people in the space. As part of the tech giant’s Artist in Residence program, “Ada” has been installed in Microsoft’s Building 99. It’s the creation of Ithaca, N.Y.-based architectural designer Jenny Sabin, in collaboration with Microsoft research…

Nooklyn CEO steps down after firm slashes agent commissions

THE REAL DEAL

10/11/2019

The CEO of startup brokerage Nooklyn is stepping down amid turbulence over the company’s decision to cut agent commissions and alter its payment structure. Harley Courts, who founded the Brooklyn-based company in 2010, is stepping down and taking a leave of absence, according to an email sent to staff Thursday by Courts’ business partner, Moiz Malik. Noble Novitzki, Nooklyn’s chief people officer, will take over as CEO, effective immediately….

In the Apartment Amenity Wars a Sense of Community is Most Important

GLOBEST

10/11/2019

NEW YORK CITY-Asset managers are packing on community-oriented amenities to compete for and retain tenants in their multifamily properties. This phenomenon has become an amenities arms race as landlords throw a kitchen sink of offerings at prospective tenants. However, what is capturing the crowd is the desire for belonging, according to panelists at the NYU Schack Institute of Real Estate’s Third National Symposium of Women in Real Estate. “We have an amenity war occurring, that to attract t…

NYC is banking on Common to deliver affordable beds

THE REAL DEAL

10/10/2019

New York City is jumping into bed with two co-living firms to build affordable housing. The city’s Department of Housing Preservation and Development said Tuesday it will work with Common and Atlanta-based PadSplit — along with each firm’s development partner — to create co-living units. The announcement is the result of a pilot program HPD launched last year, dubbed ShareNYC, offering developers public funds to create income-restricted units in co-living buildings. HPD selected three prop…

10 Questions to Ask at CREtech NYC 2019

ENERTIV

10/10/2019

CREtech’s annual event in New York is one of the best places for commercial real estate professionals to get up to speed on the progress tech companies have made over the past year. It’s an exciting time, the success of conferences like CREtech is testament to real estate’s rapid embrace of PropTech. And yet, technology and real estate companies often speak different languages, which leads many professionals to feel like they’re trying to drink from a fire hose. One major problem is buzzwords….

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Autonomous trucking startup Einride eyes US market with $25 million in new funding