Latest Trends and Insights in Real Estate Technology

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  • Top CRE Execs Answer 3 Important Questions On The Future Of WeWork

    BISNOW

    It took eight and a half years for WeWork to climb to the top of the commercial real estate world, dominating the world’s biggest office markets and raking in billions in investment. It took less than two months for it all to come crashing down. Much has been written about WeWork and now-former CEO Adam Neumann’s meteoric rise and precipitous fall. And while WeWork has some very public, very persuasive critics, those who it really needs to convince of its durability are future investors and t…

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  • WeWork’s Steinhaus, a former Citi exec, is leaving the firm

    CRAINS NEW YORK

    WeWork’s job cuts are underway. Joel Steinhaus, WeWork’s strategic relationships leader and global head of its financial services practice, is leaving the co-working company, according to people with knowledge of the matter. Steinhaus joined New York-based WeWork in 2016 as chief of staff to co-founder Adam Neumann and later transitioned to his more recent role. He’s also chair of a nonprofit organization, New Yorkers for Parks….

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  • India Startup Oyo Raises $1.5 Billion at $10 Billion Valuation

    BLOOMBERG

    Oyo Hotels and Homes is raising $1.5 billion from founder Ritesh Agarwal, SoftBank Group Corp. and other investors as the India lodging startup expands into foreign markets such as the U.S. and Europe. Agarwal, 25, will spend $700 million to buy new shares in the company as part of a previously reported $2 billion plan to triple his ownership stake. Existing investors SoftBank’s Vision Fund, Lightspeed Venture Partners and Sequoia India will contribute the rest of the current round….

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  • Last Chance to Register for the BIGGEST Real Estate Tech Conference of 2019

    CREtech

    Join us for CREtech’s biggest east coast two-day conference on October 16-17, 2019. Get an all-access conference pass to discuss all things real estate tech innovation with the most sought-after speakers, the leading startups, investors from around the world, motivated developers/owners and brokers. Our sold-out events are a must-attend for real estate professionals to network, discover and transform your business….

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  • Was WeWork Ever Going to Work?

    NEW YORK TIMES

    Imagine for a moment that Adam Neumann, the co-founder of WeWork and until several days ago its chief executive, came to you looking for a job. He is barefoot (he has been photographed walking around Manhattan this way), he talks about his ambition to live forever, to lead the free world and to “solve the problem” of “150 million orphans” through the growth of a desk-rental company seeking to “to elevate the world’s consciousness.”…

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  • US Bancorp Tower is Portland’s First Wired Platinum Building

    GLOBEST

    PORTLAND, OR—WiredScore is the only internationally recognized platform that rates the infrastructure, connectivity and technology capacity of commercial buildings. Platinum Wired certification represents the standard of in-building connectivity, technology infrastructure and readiness to adapt to emerging technologies. Unico Properties LLC recently earned this rare Wired Platinum certification from WiredScore for in-building technology and connectivity at US Bancorp Tower in downtown. US Ban…

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  • Stay Alfred Hosts Pivot Developer Conference With Keynote Speaker Michael Beckerman, CEO of CREtech

    PR NEWSWIRE

    NASHVILLE, Tenn., Oct. 4, 2019 /PRNewswire/ — Stay Alfred, the hospitality startup that pioneered the travel apartment concept in alternative accommodations, hosted its first-ever Pivot partner conference on Sept. 25-27, 2019 at 505 in Nashville. It featured an elite group of multifamily industry leaders, including keynote speaker Michael Beckerman, CEO of CREtech, who covered technology and the future of commercial real estate (CRE)….

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  • Fear Overtakes Greed in IPO Market After WeWork Debacle

    WSJ

    The IPO market has gone from hot to not. Shares of newly public companies, earlier this year one of the hottest investments on Wall Street, are now in a slump after investors soured on unprofitable startups from Uber Technologies Inc. to WeWork. Shares of technology startups and other companies that went public in the U.S. this year are trading roughly 5% above, on average, their prices at their initial public offerings, well short of the 18% gain in the S&P 500 index, according to D…

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  • Why we moved our Silicon Valley startup to Canada

    VENTUREBEAT

    Don’t look now, Silicon Valley. Canada is coming for you. In case you missed it last month, the $250 million funding round announced by Vancouver B.C.-based Clio was a major milestone in the rise of the Canadian tech startup ecosystem. The funding round was not only the largest in Canadian startup history; it was led by top California-based VC firms TCV and JMI, whose previous investments include Airbnb, Facebook, Netflix, and Spotify….

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  • Co-living investor taps C&W to raise $1B fund

    REAL ESTATE WEEKLY

    Co-living investor Six Peak Capital has tapped Cushman & Wakefield to raised $1 billion in debt and equity to fund its US expansion. Six Peak invests in co-living projects with Common, a “tech-enabled, community-focused residential brand” that designs and operates traditional apartments and co-living suites. Common currently manages 30 buildings across New York, Chicago, San Francisco, Oakland, Seattle, Los Angeles and Washington, D.C., at a 98 percent occupancy rate and above-market N…

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