Latest Trends and Insights in Real Estate Technology

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  • Modular Builder Katerra Buys 2 Traditional Construction Companies

    BISNOW

    It isn’t WeWork, but modular construction startup Katerra is following a similar script to try and disrupt its entire industry. Katerra has announced the acquisition of two traditional construction firms, UEB Builders and Fortune-Johnson General Contractors, for an undisclosed price, Construction Dive reports. With UEB in Scottsdale, Arizona, and Fortune-Johnson in Georgia, Katerra will enter two markets with established local teams and their associated relationships.

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  • Winners Announced for the 6th Annual 2019 Real Estate Tech Awards (#RETAS)

    AMERICAN ENTREPRENEURSHIP

    New York, NY (September 5, 2019) — CREtech (cretech.com), the largest event, data and content platform in the commercial real estate tech industry, announced the winners of the 6th Annual Real Estate Tech Awards (#RETAS). Sponsored by JLL Spark, a distinguished group of leading VCs, investors, industry thought leaders and corporate real estate executives were the judges for this annual awards competition, considered the most coveted in the industry….

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  • HqO Announces Investment from The Bulfinch Companies, GZ Real Estate Partners, Intercontinental Real Estate Corp., and Jiaming Investment America

    HqO

    Company races ahead with strategic hiring including CTO Jim Butler, former CTO and architect of Global Supply Platforms for Verizon Media, to catalyze the company’s tenant experience platform vision Boston, MA – Wednesday, September 11, 2019 – HqO, a tenant experience (TeX) software and services company for commercial real estate, today announced new strategic real estate investment partners. The Bulfinch Companies, GZ Real Estate Partners, Intercontinental Real Estate Corp., and Jiaming Inv…

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  • With latest cash infusion, Nextdoor closes $170M funding round

    THE REAL DEAL

    A social networking platform aimed at connecting neighborhood residents has closed a $170 million funding round with its latest cash infusion. San Francisco-based Nextdoor secured another $47 million technology investment firm Bond, the tech investment firm founded by former Kleiner Perkins partner Mary Meeker. That closes out its $170 million growth round, the company announced Tuesday….

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  • Occupier is a Winner of the Most Prestigious Awards in Commercial Real Estate Tech

    MEDIUM

    New York, NY (September 5, 2019) — Occupier, the leading transaction and portfolio management software solution for commercial tenants and brokers, is pleased to announce that they are a Sixth Annual Real Estate Tech Awards (#RETAS) winner in the Transactions category, presented by CREtech (cretech.com), the largest event, data and content platform in the commercial real estate tech industry….

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  • Uber lays off 435 people across engineering and product teams

    TECHCRUNCH

    Uber  has laid off 435 employees across its product and engineering teams, the company announced today. Combined, the layoffs represent about 8% of the organization, with 170 people leaving the product team and 265 people leaving the engineering team. The layoffs had no effect on Eats, which is one of Uber’s top-performing products, and Freight, according to a source familiar with the situation….

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  • California Passes Landmark Bill to Remake Gig Economy

    NY TIMES

    SACRAMENTO — California legislators approved a landmark bill on Tuesday that requires companies like Uber and Lyft to treat contract workers as employees, a move that could reshape the gig economy and that adds fuel to a yearslong debate over whether the nature of work has become too insecure.

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  • No traffic, no problems: Chase Center’s transit push strikes sweet note for Metallica concert

    SF EXAMINER

    Traffic? What traffic? Metallica fans by the thousands flooded Chase Center arena’s opening night, Friday, but few found themselves stuck in bumper-to-bumper madness. Instead, an estimated 16,000 concert-goers seemingly got the message: Don’t drive near the arena. They rode gliding Muni trains. They head-banged aboard swift-moving bus shuttles. They crested waves aboard ferries. They pedaled atop bikes. They canoodled romantically in pedicab carriages. They zoomed on e-scooters.

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  • SoftBank asks WeWork to shelve its IPO

    CNBC

    SoftBank, WeWork’s biggest outside investor, is urging the startup to shelve its initial public offering, sources told CNBC’s Leslie Picker. News of SoftBank’s urging WeWork to put off its IPO was initially reported by the Financial Times. The We Co., as the co-working company is formally called, had been in discussions with SoftBank and other shareholders and advisors about whether or not to move ahead with its IPO, CNBC reported on Friday. WeWork has faced criticism regarding its complic…

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  • WeWork’s Latest Threat: Old-School Landlords Trying to Copy WeWork

    WSJ

    At a dinner two years ago, held in the wine cellar of real-estate executive Jeffrey Hines, managers of the office-building company he heads voiced growing suspicions about WeWork. WeWork started off as a great customer of Hines Interests LP and other landlords, leasing unused space and renting it to businesses too tiny to be ordinary tenants, Hines executive Charlie Kuntz said in a presentation after dessert, according to several people present.

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