Why San Jose Could Catch New York City In Co-Living Development

Two of the country’s most housing-starved cities are welcoming one of commercial real estate’s most innovative housing concepts as a solution to the housing crisis. New York City’s market for co-living is as established as any in the U.S., with more than 1,100 existing co-living units and over 1,600 more in the pipeline, according to a conservative estimate provided to Bisnow by brokerage Cushman & Wakefield. It is conservative because the number of deals and their sizes is growing rapidl…

The Microhotel, a Category Seeing a Growth Spurt, Makes Small Stylish

They appeal to senior citizens and millennials, business travelers and backpackers. And they’re particularly attractive to hotel developers, who can pack in more guest rooms than in a typical hotel.

They’re known as microhotels, inspired by the Japanese capsule or pod hotels of 40 years ago that offered cheap, tiny accommodations to businessmen.

Nestio Launches Funnel, Announces Automated Online Leasing Product

Funnel by Nestio is the first full-funnel independent leasing platform New York, New York – August 1, 2019 – Nestio, the leading marketing and leasing software provider for multifamily owners and managers, today announced the release of Funnel by Nestio, which includes fully online leasing capabilities that will be released later this year. Designed with convenience and accessibility in mind, the Funnel platform aims to improve the multifamily leasing experience through artificial intelligen…

After $370M funding round, Compass back under IPO spotlight

After raising another $370 million, the only thing standing between Compass and an IPO is time. The New York-based brokerage — now valued at $6.4 billion — announced its latest round Tuesday, eliciting a new round of speculation as to when it may go public. Robert Reffkin, CEO and co-founder of the firm, acknowledged Tuesday that going public was in the cards.

Real Estate Startup VTS Names M&A-Savvy CFO After Reaching Unicorn Status

VTS Inc. hired a mergers-and-acquisitions veteran as its next finance chief, a move that comes on the heels of a funding round that propelled the real-estate technology company to a $1 billion valuation.

Real estate platform Compass raises another $370M on a $6.4B valuation en route to an IPO

The real estate market regularly goes through ups and downs, but today comes big news for a startup in the space that has built a platform that it believes can help all players in it — buyers, sellers and those who help with the buying and selling — no matter what stage of the cycle we happen to be in. Compass — a company that has built a three-sided marketplace for the industry, along with a wide set of algorithms to help make it work — has raised a $370 million round of funding, money that it…

Techstars nabs $42M to expand its global presence

Techstars, a startup accelerator founded in 2006, has plans to double down on international growth with a new investment. SVB Financial Group, the holding company of Silicon Valley Bank, led the $42 million round in Techstars, with participation from Foundry Group. With $500 million AUM, Techstars is both a fund deploying capital to early-stage upstarts and an operating business nearing $100 million in annual revenue. Its latest equity investment, announced this morning, will fuel the latt…

Hyperion Launches Titan Map Store, A Decentralized Map Data Layer Service

SINGAPORE, July 29, 2019 /PRNewswire/ — In mid of July, Hyperion, as the largest map blockchain, officially announced to launch Titan Map Store — a decentralized map data layer service. Via the map store, users can access various open-source map layers for a more convenient and personalized routine planning. For example, when someone needs to check nearby U.S. Embassy or Consulate location, they can view the location details through the Embassy and Consulate map layer. In the meantime, map sto…

Meet Brendan Wallace, Co-Founder and Managing Partner at Fifth Wall Ventures

Fifth Wall’s LPs include 50 of the largest owners and operators in the real estate space

Venture capital used to be a cottage industry, with very few investing in tomorrow’s products and services. Oh, how times have changed! While there are more startups than ever, there’s also more money chasing them. In this series, we look at the new (or relatively new) VCs in the early stages: seed and Series A.

Amazon Is A $12B Machine Creating Product For The Real Estate Investment Market

As a shopper, it can be hard to remember what the world was like before Amazon came along. The same is pretty much true if you are a real estate investor. Korean investors IGIS and Korean Investment & Securities completed an equity raising earlier this month to buy three warehouses leased to Amazon for around £400M, according to React News. When this deal completes later this year, around $12B of assets where Amazon is the occupier will have been traded globally in the last decade, acc…