Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Nordic Property News
“Together with Ikea, we want to create accessible and inspiring workplaces where local entrepreneurship and business are linked together to develop and grow. We also want to offer an alternative to working from home or commuting to the office and thus simplify everyday life and create a better balance between work and leisure for our visitors,” says Memo Hussein, Marketing Manager at Kungens Kurva Shoppingcenter.
Business Wire
Upflex—the premier global provider of hybrid workspace solutions—announced the closing of its $30 million Series A round. The raise was led by WeWork with participation from notable strategic investors Newmark and Cushman & Wakefield as well as returning investor Ecosystem Integrity Fund, and top venture funds including GPO Fund, Coelius Capital, Industry Ventures, Inertia Ventures, Perennial Private Investments, and Silicon Valley Bank. This brings Upflex’s total funds raised to-date to $34…
TechCrunch
The push behind the massive influx of warehouse robotics funding is largely driven by one entity: Amazon. There are other factors driving the industry, of course, including the pandemic, labor shortages and supply chain constraints, but Amazon is forever looming in the corner, forcing companies to adopt creative and innovative ways to remain competitive. Not even a force of nature like Walmart is immune.
Business Wire
Raise, a technology-powered commercial real estate brokerage, today announced its partnership with Valve, the leading Software-as-a-Service (SaaS) platform for the flexible office industry, to harness the company’s real-time availability and transaction platform to enable companies to harness the insights and flexible options necessary to support continued efforts to decentralize the office footprint….
We Are Tech Women
She leads on fundraising and platform activities in non-German speaking markets, fostering connections with property investors, who seek to better leverage technology in their portfolios. Through her work, she helps to strengthen the fund’s brand across the continent. Her experience in VC includes being on the investment team at a supply chain-focused fund and in a platform role at the VC spin out of multinational real estate investment manager Round Hill Capital.
Axios
Miami Mayor Francis Suarez hoped that the cryptocurrency, launched last summer, would help him raise revenue and reduce income inequality — and the eyes of other mayors were on the experiment, Alex Fitzpatrick writes….
PlaceTech
Both landlords have published their full year results to the end of March 2022. Although much of the focus has been on the rebound in their financial position, post-lockdown, these reports also offer a progress report on their sustainability targets. ESG is high on both developers’ agenda. Allan, for example, linked his company’s “strong position, financially and operationally” to meeting environmental targets.
TechCrunch
In the email viewed by TechCrunch, Latch CEO Luke Schoenfelder told staff that the first round of layoffs were conducted to “ensure Latch is on a path to sustainable growth.” He also said that Latch will be reducing some areas of the business, but unsure if that means cutting entire products or just shrinking resources behind each vision. TechCrunch reached out to Latch about this week’s layoffs but has not yet heard back at time of publication.
The Wall Street Journal
A dizzying turn in technology-startup investing is undoing the fortunes of founders and investors riding a 13-year bull run. Highflying startups have been grounded, swiftly, by the new climate: layoffs, skeptical investors, an exodus of funds and the prospect of a valuation haircut.
Eolas Magazine
The construction sector is witnessing an unprecedented policy and regulatory environment for climate-related legislation and action plans in Ireland. Organisations are becoming concerned about the impact of climate-related risks on their business, strategy, and outlook, writes Matt Kennedy, Carbon and Climate Lead, at Arup in Ireland.
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