Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Letting Agent Today
Home set-up service Just Move In has announced a huge fund-raise of £4m. The service boasts Hamptons, Openrent, and Pickfords amongst and says it makes moving in and out of a home easier — whether you’re renting or buying — via a platform to manage activities, from setting up the broadband and informing the council of the new address, to recommending removals and storage companies.
GlobeSt
In the face of worries about a potential recession, layoff news, which had fallen from daily attention since the worst of the pandemic, is back. That’s particularly true in the once-thought-invulnerable tech sector. Layoffs are back in force and among corporate royalty: Netflix, Meta (formerly known as Facebook), Tesla, Coinbase, PayPal, Uber, Peloton, and Carvana. Companies with big backing, big sales, and now, big worries.
CREtech
CREtech, the world’s leading community of professionals devoted to technological innovation in the real estate sector, has announced Sonny Kalsi, Co-CEO, BentallGreenOak, will deliver a Keynote Presentation at CREtech’s flagship conference, CREtech New York, this October 12-13, 2022. Sonny’s Keynote Presentation will take place on the Main Stage on the first day of the conference. BentallGreenOak (BGO) is a leading, global real estate investment management advisor and a globally recognized pr…
Axios
General Motors-backed Cruise got the green light from California regulators last week to operate a commercial robotaxi service in San Francisco, marking a watershed moment in the autonomous vehicle rollout. Why it matters: AV developers have spent tens of billions of dollars trying to develop and commercialize self-driving technology. While Cruise is still a fledgling business, its for-pay driverless taxi service will be the first in a densely populated U.S. city when it launches within the n…
Forbes
Over the past two years, while droves of Americans began working remotely and mortgage rates hit historic lows, home sales spiked, creating a rising tide for real estate-focused companies. Now that interest rates and concerns about a looming recession are rising, the real estate market is cooling. But in an industry that’s still dominated by slow processes and dated systems, opportunities abound for creating better financial services through technology….
PYMNTS.com
Construction industry change order communication platform Extracker finalized a $7 million oversubscribed Series A fundraising round that it will use to broaden the availability of its software, according to a Wednesday (June 8) company press release. Cloud Apps Capital Partners led the funding effort for Extracker, which digitizes manual workflows and creates financial transparency between construction stakeholders, with participation from construction tech platform Building Ventures and pre…
The Wall Street Journal
A former senior executive at Better.com alleged in a lawsuit that the online mortgage lender misled investors in financial filings and other representations it made as it attempts to go public. Sarah Pierce, Better.com’s former executive vice president for sales and operations, alleged in the suit that Chief Executive Vishal Garg and the company misrepresented Better.com’s business and prospects to keep investors onboard with a planned merger with a special-purpose acquisition company, or SPAC. …
Smart Cities World
Once the technology launches later in the summer, the public and all relevant city departments will be able to access the same record through an online platform, providing clarity and transparency.
PlaceTech
It seems obvious that buildings exist but, on paper, the nature of buildings is complex, writes Edwin Groenendaal. There is no central database of buildings, and so they exist purely as a part of address strings. Sometimes what seems like a single physical entity is multiple “buildings” on paper.
Axios
Shopping malls, that onetime centerpiece of American consumer life, are dying off across the country. But what if rather than tearing them down, they could be repurposed into new, verdant community hubs? That’s the argument put forth by architecture critic Alexandra Lange in a compelling New York Times op-ed. “Ground cleared and buildings constructed for one kind of community benefit — shopping — could be reduced, reused and recycled to serve a broader and greener community purpose, with…
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