Welcome to The Print, Blueprint's weekly curation of the most important things going on in real estate and construction technology. We hope our newsletter will keep you informed as we shine a light on the newest innovations and opportunities that exist in the built world.
What value can generative AI bring?for the world of?commercial real estate? To answer that question and many more we sat down at Blueprint Vegas?last month with?Carrie Denning Jackson,?Director of Innovation at?Jamestown.
- Office prices in the US are due for a crash, and the CRE?market faces at least another nine months of declines, according to a new survey. (Bloomberg)?America’s highest office vacancies aren’t in the East and West Coast cities that have been shedding population and workers — they are in Texas. (WSJ)? Tougher return-to-office policies are no remedy for half-empty buildings.?(WSJ)?A new report boosts the idea of converting office buildings to co-living. (New Urban Order)
- As the climate changes, pressure is growing to make buildings more efficient. Governments are weighing both regulations and incentives to cut emissions and energy use in new construction.?(NYT)?As sea levels rise and storms worsen, threatening the planet’s fragile coastlines, some architects and developers are looking to the water not as a looming threat, but as a frontier for development. (NYT)
- In a break with the past, hoteliers' and Airbnb's growth ambitions point toward rising competition for similar customers.?(Skift)
- Check out the 30 players on the 2023 proptech Power List?(Commercial Observer)
- Tech comes up with an?answer to age-old indoor temperature problems.?(Propmodo)
In the current?high-interest-rate environment does a mortgage-focused company?like?Endpoint need?to adjust its model? CEO Scott Martino joined us?at Blueprint Vegas?to talk about?that question and?the broader SFR landscape.
RAISES, BUILDS AND TEARDOWNS
- Habyt, an Airbnb-style platform aimed at longer stays, has raised?€40M in?Series C funding.?(Techcrunch)
- Parking startup Metropolis will take logistics firm SP Plus private in a deal worth approximately $1.5B.?To finance the deal, Metropolis is raising $1.7B?in debt and equity. (Crunchbase)
- Alpaca VC?has unveiled?two new investment vehicles, raising?$78M in commitments for its third fund and launching?the new Alpaca Real Estate platform.(Techcrunch)
- PGIM Real Estate has launched RealAssetX, an innovation lab to develop, test and invest in technology related to real estate.?(Property EU)
- Samsung?has invested $11.2M in?construction robot startup Robotics Construction Technologies (Robocon) to become the latter's largest shareholder. (KED GLobal)?
- Propify, a startup that makes an?API?for property management software, has closed a $3.3M seed round.?(Commercial Observer)
- Pine, a Canadian real estate startup known for its innovative digital mortgage platform, has acquired Properly, another Canadian real estate startup. (Fintech Global)
- AI Clearing, an Austin, TX-based provider of an AI-powered autonomous construction progress tracking and quality control platform, raised $14M in Series A funding. (FINSMES)
- Affordable housing-based health care startup Ounce collected $5.2M in seed funding. (Axios)
NEWLY POSTED JOBS IN REAL ESTATE & TECH
