Latest Trends and Insights in Real Estate Technology

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  • Coworking Firms Draw Tenants With Babysitting, Farm-to-Desk Dining

    COMMERCIAL OBSERVER

    Long gone are the coworking days when it was enough to offer a cheap desk and maybe a beer keg. At, for instance, The Wing, the coworking space designed for women, which will count at least 13 locations by year-end, members are offered showers, a roof deck, a beauty room, and even a recently-launched babysitting space called Little Wing that provides open play and story time for children and support groups for mothers. Now available in their Soho and West Hollywood locations, Little Wing will e…

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  • Construction-Focused Venture Firm Brick & Mortar Closes $97 Million Fund

    WSJ

    Brick & Mortar Ventures has raised a $97 million fund targeting the construction, engineering and architecture sectors. Backed by large construction companies including Ardex GmbH and Mexican concrete company Cemex SAB, the fund has already invested in 16 startups since January 2018. The San Francisco-based firm has invested in startups developing everything from enterprise technology for project management to advanced 3-D modeling tools.

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  • CREtech Releases 2019 Mid Year Report on State of The Commercial Real Estate Tech Sector

    CREtech

    The most important strategic analysis and comprehensive overview of the state of the commercial real estate tech sector is here! Considered the number one resource for data, trends and startup information, the 2019 CREtech Mid Year Report is a must-have for any commercial real estate professional or company.

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  • Venture Capital and Commercial Real Estate

    GLOBEST

    ORLANDO, FL—Venture capital is changing commercial real estate at an astonishing pace. GlobeSt.com recently caught up with Andrea Jang, head of growth Americas for JLL Spark, to gain insight on how venture capitalists choose what to fund, how their funding will change CRE, and how to keep pace with the changes. The topics we focused on will be part of a larger breakout session she will serve as a panelist on at the upcoming CREW Network Convention and Marketplace here in Orlando, FL….

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  • Driverless Vehicles Start Crawling Around New York City Development

    COSTAR

    New York City’s first self-driving cars are now making regular trips around a 2.5 million-square-foot redeveloped industrial park, the latest test of the nascent technology in a real estate project across the country and the first for the state of New York. Autonomous cars are still in their early stages as they spread in controlled-environment developments around the United States. The latest initiative kicked off Wednesday, operated by driverless car technology company Optimus Ride as part …

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  • Vietnamese proptech startup Propzy seeks $25m in Series B

    DEAL STREET ASIA

    Vietnamese proptech startup Propzy is planning to raise $25 million in a Series B funding round later this year to expand its financial relationship management and property management products. Propzy has secured a total of $12 million in funding since 2016. Its latest round was a $6 million financing led by Korean VC firm Stonebridge Capital earlier this year, said its founder and CEO John Le.

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  • Co-working newcomer Blackbird, focusing on women of color, will open in LA

    THE REAL DEAL

    WeWork is by far the biggest co-working company around, but numerous niche providers have been trying to carve out space in an increasingly cluttered market. Those include wellness-centric Well Work Win, and women-focused The Wing. The latest entrant, Blackbird, focuses on women of color and will open its first location in Los Angeles next month. More locations are being considered, including one in Oakland, along with others in New York City, Atlanta and eventually London, Paris and South Af…

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  • Prop-Tech Unicorn VTS Expands into Toronto With Engineering Hub

    BLOOMBERG LP

    VTS Inc, a U.S. property-tech unicorn, is expanding its Canadian operations with an engineering hub in Toronto. The New York-based company plans to hire at least 50 staff by the end of 2020, taking advantage of the city’s deep pool of engineering talent and strong commercial real-estate customer base, according to Nick Romito, founder and chief executive officer of VTS. The company may also expand to Vancouver and Montreal….

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  • Millennials Care Most About Green Features In Their Apartments — Some Are Willing Pay More For Them

    BISNOW

    Among U.S. demographic groups, millennials care the most about having sustainable features in the apartments they rent, and even say they are willing to pay more for such green features, according to a new report by multifamily developer AMLI Residential. Millennials reported feeling particularly concerned about climate change and expressed a heightened desire to solve environmental problems, followed by Gen X, Gen Z and lastly baby boomers, according to the company’s third annual Sustainable…

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  • CBRE’s Digital and Technology Chief On Why These Roles Should Be Combined

    FORBES

    If one thinks back to the state of information technology within large, traditionally non-technical companies ten or 15 years ago, there was a vast trend to outsource technology. The belief went that much within IT was non-differentiating, and it would be cheaper to have other firms (often in places like India, Mexico, or Eastern Europe) do the work.

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