- Buyers are snapping up aging and empty office buildings for deep discounts. Bargain hunters are getting deals of up to 70 percent, a sign of the pain in the commercial property market.?(NYT)?While the number of office buildings reaching critical stages of distress remains small, the figure has increased sharply this year.?(NYT)
- A few days after it was revealed that Bing, Microsoft’s search engine, was displaying listings from sites like Zillow and Redfin, the site quickly took the listings down. (Propmodo)
- The housing needs of seniors and students are growing rapidly, and proptech is increasingly focused on providing services for both real estate niches. (Commerical Observer)
- A number of real estate tech companies have ambitions to grow mortgage businesses, and some, including?Zillow and Redfin,?appear to be making progress.?(MikeDP)
- With more electric vehicles on the road than ever, we also need more places to charge them all. Since last year, companies working on charging stations and associated technologies have raised billions.?(Crunchbase)
- For real estate owners, governance is key in establishing clear strategies, targets, and roadmaps for decarbonization. This includes?tying decarbonization to remuneration and accountability policies.?(Proptech Connection)
BLUEPRINT'S BUILT WORLD CHALLENGE
The Built World Challenge, which will debut at Blueprint Vegas 2024,?showcases how the latest technologies can solve real world problems today. This year's judges represent some of the best known brands, and jointly represent $400B+ in real assets. In this challenge we will be looking for?solutions?relating?to everyone's favorite, inescapable topic,?Generative AI.? Submissions are open now! Deadline to submit is Friday, July 19.?? ?
RAISES, BUILDS AND TEARDOWNS
- Parity, a?remote HVAC Optimization-as-a-Service company for multifamily?and hotels, has closed a $19M Series B round.?(Press Release)
- Fixle has announced that it will acquire?EasyHome:?"This strategic move combines EasyHome’s creative homeowner solutions with Fixle’s technological strength and market reach." (Press Release)
- Flyhomes?has acquired the assets of ZeroDown and is launching an AI-powered home search portal to bring "conversational real estate search and research to the market."?(HousingWire)
- Real estate tech?company Avenue 8?has announced a strategic realignment to focus exclusively on Sidekick, its generative AI assistant for real estate agents.?(Press Release)
- TraceAir, a provider of site intelligence software for homebuilders and land developers, has raised a?$25M Series B funding round. (Pulse 2.0)
- Field Materials, a?provider of AI software to control and verify construction material and equipment spending, has raised $3.5M in new funding.?(FINSMES)
- Atlas, a startup developing payments and property management software for independent landlords, has raised $1.6M?in pre-seed funding. (Axios)
- Crafthunt, Europe's largest career platform for the construction industry, has?closed a €3M seed funding round. (Startbase)
NEWLY POSTED JOBS IN REAL ESTATE & TECH
