How WeWork spiraled from a $47 billion valuation to talk of bankruptcy in just 6 weeks

At 7:12 on a mild late-summer morning in New York City, WeWork’s registration papers hit the Securities and Exchange Commission’s website. The filing, called an S-1, was expected. It was a crucial step in what up to that point had been an exquisitely choreographed march toward an initial public offering for the tech world’s most highly valued startup.

Smart Buildings Tech Launched by Global Coworking Provider rent24

BERLIN, Sept. 27, 2019 /PRNewswire/ — Global coworking operator rent24 has launched its proprietary smart buildings technology service ‘r24 solutions’. The PropTech service is available for landlords and operators who are looking to make efficiencies in their building operations as well as to provide an enhanced experience to its occupants. “We have integrated our technology in over 60 locations worldwide and are constantly developing it further,” says founder and CEO of rent24, Robert Bukvić….

Badass millennial women are supercharging startup investments

Across the political, social and economic stage, women’s issues are finally receiving heightened attention and priority. There are more women than ever seeking political office; funding for female-founded startups is reaching record levels (even if they still have a long way to go to reach gender parity); a sizable cohort of female-founded and led companies have achieved billion-dollar unicorn valuations; and several women-led companies, including PagerDuty, The RealReal, and Eventbrite, have…

WeWork I.P.O. Is Withdrawn as Investors Grow Wary

WeWork shelved its plans for an initial public offering on Monday, a startling retreat for a company that expanded rapidly in recent years as it sought to transform commercial real estate in the world’s biggest cities.

The move is the clearest sign yet that investors are increasingly wary of ambitious young companies that have run up huge losses and might not become profitable for years.

New JLL Technologies Group to Be Led by Mihir Shah and Yishai Lerner

CHICAGO, Sept. 30, 2019 /PRNewswire/ — JLL (NYSE:JLL) today announced the formation of JLL Technologies, a new business division that will align and expand its technology and digital initiatives, and accelerate innovation in commercial real estate for its investor and occupier clients. Longtime Silicon Valley veterans Mihir Shah and Yishai Lerner, who have led JLL Spark since 2017, have been named to oversee JLL Technologies and will join the company’s Global Executive Board….

WeWork proves that (venture) capitalism works

What’s the lesson of WeWork? Here’s a startup that has been a darling of Silicon Valley investors for years, whose offices and CEO have been stunningly painted across the covers of major trade magazines and strategically deployed across major tech conference stages, including our very own. At its peak, the company commanded a valuation of tens of billions of dollars and was supposed to be on course for the stratosphere, joining companies like Google and Facebook….

How Cutting Edge Research and Material Manipulation Will Impact CRE

ORLANDO, FL—Skylar Tibbits, co-director and founder of the Self-Assembly Lab at MIT, is on the cutting edge of 4D technology. In his Self-Assembly Lab at MIT, he focuses on the future of how to make things mapped out—and the implications. “Software changes design and the way that we work,” the keynote speaker said at CREW’s Network Convention here in Orlando, FL. “Imagine, as just one example, water pipes that are ‘intelligent,’ that can contract and expand as needed,” he said. “Code is a new…

PeerStreet Wins CREtech 2019 Real Estate Tech Award

LOS ANGELES–(BUSINESS WIRE)–PeerStreet, a marketplace for investing in real estate backed loans, is pleased to announce that it won first place in CRETech’s 2019 Real Estate Tech Awards (RETAs for the Information & Intelligence – Crowdfunding category. PeerStreet was chosen for its unique business model: a two-sided marketplace for investing in real estate debt that is both the first of its kind and the largest. The PeerStreet marketplace sources short-term real estate loans from a nation…

Real estate tech company expands D.C. footprint with Aria partnership

Real estate company Blueground has made its largest deal in the District so far, partnering with Aria Development to expand its rental concept to Foggy Bottom. New York-based Blueground, like competitors WhyHotel and Sonder, leases and furnishes unoccupied apartments for shorter-term stays. Its most recent deal is for 18 units at Aria’s The Remington, which recently underwent a renovation….

Airbnb Arbitrage: How Professional Hosts Are Filling The Unicorn’s Call For Quality Rentals

As Airbnb prepares to become a publicly traded company in 2020, the home-sharing marketplace is signaling a huge appetite for high-quality supply. It’s a move from helping everyday homeowners build small businesses to also propelling a handful of professionals to large ones. Startups have appeared with offerings ranging from a house in Denver where every item is for sale to condo towers in Miami and Austin purpose-built for home sharing….