Why CRE Needs a Universal Data Language Now More Than Ever
GLOBEST
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GLOBEST
BISNOW
PropTech provider PayLease recently gained access to a multifamily app and artificial intelligence designed for property managers through its strategic purchase of apartment technology firm Zego. Through this acquisition, PayLease now has the opportunity to leverage Zego’s AI assistant, or bot, which was recently launched as part of the company’s existing app for apartment managers. Through the AI tool, building managers can communicate directly with property tenants through automated mess…
JLL
Regions across the U.S. faced their snowiest, coldest and warmest February in history this year, with volatile weather disrupting the flow of life across the country. That included construction projects. Yet there was one setting where the unpredictable winter didn’t slow down work — the vast indoor spaces where firms have increasingly been creating homes, offices and hotels. The method of modular construction — where pieces of buildings are manufactured in one place, and then delivered to…
THE REAL DEAL
A startup that aims to streamline the process of developing modern, eco-friendly prefabricated homes closed its first round of financing. Connect Homes secured $10.8 million in a Series A funding round, the company said. The money will be used to build and expand on what it calls its patented modular technology. Brick & Mortar Ventures and Virgo Investments led the round. MetaProp — the New York-based venture capital fund and startup accelerator — Almubader Growth Fund and Wells Fargo …
SENIOR HOUSING NEWS
After a decade of whispers, trials, pilots and promise, virtual reality (VR) now seems on the precipice of a boom in senior housing and senior care settings. A bevy of companies have cropped up over the past five years to tailor VR solutions directly to senior living, addressing age-old challenges including resident isolation, dementia care and pain management. The VR usage expansion is the result of a convergence of trends.For one, boomers are more comfortable with technology than previou…
THE REAL DEAL
The remnants of RealtyShares — the now-defunct crowdfunding platform — have been scooped up by another real estate firm. New York-based iintoo acquired RealtyShares’ assets, Inman reported. The move boosts the company’s portfolio size to $2.5 billion assets under management from $1 billion, according to the company. Current and former investors in RealtyShares will be able to access iintoo’s crowdfunding platform, the report said. The deal — terms of which were not disclosed — is a joint v…
SF BUSINESS TIMES
Katerra CEO Michael Marks says his construction tech unicorn is on a mission to make the industry less “expensive late and stupid.”
CREtech
The Global Retail Real Estate Convention to be held on May 19 – May 22 in Las Vegas New York, NY (May 15, 2019) — CREtech (CREtech.com), the largest event, data and content platform covering the commercial real estate tech industry, has announced its CEO Michael Beckerman will deliver a presentation on The PropTech Evolution at ICSC’s RECon on Sunday May 19, 2019 at 2:15pm – 3:45pm at the Pavilion 9-10 located at the Westgate Hotel. With the PropTech industry experiencing extraordinary ov…
Michael Beckerman
Commercial real estate has an entirely new asset class to contend with: coliving. When my peers and I first heard talk of coliving, most of us sneered.“Only millennials could live like that!,” we thought. Coliving would, like the ill-fated Webvan, become nothing more than an industry footnote. Both ideas didn’t make sense to many of us—we could scarcely imagine ordering groceries online as see cohabitation taking root in our industry. But the more I studied it, the more I spoke with the pe…
BISNOW
Money talks, and it is saying a commercial real estate technology revolution is coming. “From our point of view, what we’re seeing is the sector isn’t really used to innovation at this sort of a pace,” Leyton Senior Vice President Craig Hale said Thursday at Bisnow’s Boston CRE Tech Summit event. “You have to just pick a horse almost and bet who will go forward.”
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