Co-living company Ollie in talks to raise $50M+: sources
THE REAL DEAL
Co-living startup Ollie is in talks to raise more than $50 million in a new venture funding round, according to sources familiar with the situation.
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
THE REAL DEAL
Co-living startup Ollie is in talks to raise more than $50 million in a new venture funding round, according to sources familiar with the situation.
CRETech
To claim smart building technology is growing is an understatement. From an $8.49 billion global market in 2016, it’s projected to reach $51.44 billion USD globally by 2023. The Intelligent CRE for Enterprise: Smart Buildings, Intelligent Workplace, and Management Systems 2018 – 2023 report analyzed the challenges and opportunities ahead for the smart building tech market and published some interesting findings. #1- Smart buildings lease higher Commercial real estate buildings equipped with in…
THE REAL DEAL
Compass is officially a $4.4 billion brokerage. The New York-based firm said Thursday it closed another mega-round, raising a $400 million Series F led by SoftBank’s Vision Fund and Qatar Investment Authority. Wellington, IVP and Fidelity also participated in the deal, which gives Compass a total capital raise of nearly $1.2 billion, the company said.
TECHCRUNCH
It’s official. Two weeks ago, we reported that Opendoor — the four year-old, San Francisco-based company aiming to make it possible to buy and sell residential real estate with a few key strokes — was close to sealing up funding from SoftBank. Today, it’s announcing that the ink is dry on the deal.
THE REAL DEAL
We-who? Tishman Speyer, one of the world’s biggest private landlords, is launching its own co-working brand, putting it in direct competition with a host of venture-backed startups such as WeWork and Knotel.
THE REAL DEAL
Think of a developer trying to raise financing for a project, and you might conjure up an image of an army of debt brokers pounding the phones, going through their extensive books of lenders to find the one with the lowest rate, and taking the deal back to the developer in exchange for a fat commission.
TECHCRUNCH
Uber is putting $10 million behind sustainable transportation over the next three years. As part of the fund, Uber is donating $250,000 to SharedStreets, a nonprofit organization focused on creating a shared standard for public streets and data sharing. Lyft, also in the name of environmental impact, invested millions of dollars in carbon offsets earlier this year….
BISNOW
Miami has finally shed its reputation as a place for people to retire. In the past 10 years, the city has seen an influx of people with bachelor’s degrees, and an entrepreneurial ecosystem has been evolving.
BISNOW
The massive growth of the coworking industry in recent years has come from a wide variety of companies, including small and large providers, but executives at several coworking companies expect major consolidation in the industry in the coming years.
COMMERCIAL OBSERVER
Flexible workspace company Knotel continued its acquisition of space around Manhattan by recently leasing 31,973 square feet in four buildings, including nearly 10,000 square feet in Gramercy, the company announced on Wednesday.
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