Latest Trends and Insights in Real Estate Technology

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  • Hello Alfred Acquires Building Management Technology Platform Bixby

    BUSINESS WIRE

    NEW YORK–(BUSINESS WIRE)–Hello Alfred, the leading residential experience company, today announced it has acquired the building management technology platform, Bixby, as of today’s date. The acquisition includes Bixby’s assets, team, and customers, and will operate under the Hello Alfred brand. This deal expands Hello Alfred’s footprint, dramatically increasing their volume in Class B multifamily buildings with the potential to bring their anticipatory help and local services to a roster of di…

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  • Bird Is Said to Raise New Funding at $2.5 Billion Valuation

    NEW YORK TIMES

    SAN FRANCISCO — Bird, a start-up that rents out electric scooters, is being valued at $2.5 billion in a new funding round led by the venture capital firm Sequoia Capital, according to three people with knowledge of the deal. The funding puts Bird’s valuation slightly above the $2.3 billion that it was pegged at last year. At the time, the $2.3 billion figure represented double the start-up’s previous valuation, as venture capital investors fought to pour money into scooter start-ups….

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  • Pinnacle Storage to List $100M of Assets on New Blockchain Platform

    GLOBEST

    New York, NY—Pinnacle Storage Properties plans to list more than $100 million of self-storage properties on a forthcoming blockchain-based commercial real estate financing platform called Earn.re. Besides listing the properties, Pinnacle Storage is also a project sponsor for the platform, which is scheduled to launch in late 2019. Based in Katy, Texas, Pinnacle Storage Properties is a privately held national acquirer, owner, operator and developer of self-storage facilities with a portfolio o…

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  • The City That Never Deletes: How New York City Became a Real Estate Data Mecca

    COMMERCIAL OBSERVER

    If you can make it here, you probably can’t make it anywhere else. Data, the fuel on which so much of the technology and appraisal of real estate runs, is up-to-date and in abundant supply in Gotham, but still living in the dark ages in the rest of the country. Reonomy found this out the hard way. The company launched in New York City in 2013 with a product that pulls information on properties from different sources and compiles them on one website, and its first New York iteration was smooth …

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  • Uber tests monthly subscription that combines Eats, rides, bikes and scooters

    TECHCRUNCH

    Uber is actively testing a monthly subscription pass that combines rides, Eats, bikes and scooters. In this pilot phase, Uber is testing a few different iterations in San Francisco and Chicago, but each version includes a fixed discount on every ride, free Uber Eats delivery and free JUMP (bikes and scooters) rides. The pass costs $24.99 per month….

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  • With $1 Billion From Microsoft, an A.I. Lab Wants to Mimic the Brain

    NEW YORK TIMES

    SAN FRANCISCO — As the waitress approached the table, Sam Altman held up his phone. That made it easier to see the dollar amount typed into an investment contract he had spent the last 30 days negotiating with Microsoft.

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  • Amazon is opening a pair of new robotic fulfillment centers in Ohio

    TECHCRUNCH

    Amazon this morning announced its intentions to open a pair of robotic-powered fulfillment centers in Ohio. The two warehouses — both larger than 700,000 square feet — will be located in the north of the state, in Akron and Rossford, respectively. They’ll function much like Amazon’s other shipping centers, providing a collaborative workspace between human employees and the company’s growing army of shipping robots. You can get a better look at how that goes down in this piece from our recent v…

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  • Moderne Ventures Announces 2019 Midyear Passport Class

    MODERNE VENTURES

    CHICAGO, July 18, 2019—Moderne Ventures, a venture investment fund focused on technology and innovation, announced today the names of the seven companies accepted into its 2019 Midyear Passport Program, a 7-month industry immersion program designed to help companies accelerate growth and build meaningful partnerships within Moderne’s multi-trillion dollar industries.

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  • Los Angeles fund Fifth Wall says it will channel some capital from its new property fund into Asian start-ups

    SOUTH CHINA MORNING POST

    Fifth Wall Ventures, a Los Angeles-based venture capital firm, plans to invest part of the proceeds from its new US$503 million property technology fund on start-ups in Asia, reflecting the first time it has channelled capital beyond US shores. The firm announced it had closed Fund II to new investors earlier this month after exceeding its initial funding target of US$400 million, drawing participation from 50 companies, including mainland developer China Vanke.

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  • A Universal Interest in Real Estate: Understanding Space

    GLOBEST

    NEW YORK CITY—There’s a Big Bang Theory at Reonomy. It’s that understanding space of the galaxies in the universe is similar to understanding space on the surface of the earth—at least in terms of creating models to rapidly compare, analyze and reconcile massive amounts of data. (See slideshow at the bottom of the article.)

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