Real Estate Tech News


Pretium Explores Up to $5 Billion of Rental-Home Sales

Pretium Explores Up to $5 Billion of Rental-Home Sales

Pretium Partners LLC, the third-largest owner of U.S. single-family rentals, is working with Morgan Stanley and Ardea Partners to explore options that could include a sale of most of the company’s homes, according to people with knowledge of the matter.
Homebuilder sentiment unexpectedly rises amid solid demand

Homebuilder sentiment unexpectedly rises amid solid demand

Confidence among homebuilders unexpectedly rose in October, registering the first gain in five months amid falling lumber prices and solid demand, according to a report Tuesday from the National Association of Home Builders/Wells Fargo. The Housing Market Index increased 1 point to 68 (the estimate was 66). The current sales gauge for single-family homes increased to 74 from 73; the gauge of the six-month sales outlook rose to a three-month high of 75 from 74. The measure of prospective buyer traffic climbed to a seven-month high of 53 from 49.
Zillow: Most Americans would rather renovate than move

Zillow: Most Americans would rather renovate than move

New 'Housing Aspirations' report determined that a whopping 76% would rather upgrade than relocate. Most Americans would rather stay in their current home and make renovations than move, according to a new study from Zillow. The real estate tech company’s latest “Housing Aspirations” report finds that 76 percent of Americans would rather use a set amount of money to upgrade their homes, as opposed to using that same set of funds as a downpayment on a house.
David Beckham scores a court win on a Miami stadium deal he no longer wants

David Beckham scores a court win on a Miami stadium deal he no longer wants

A Florida appeals court on Wednesday sided with Miami-Dade in a no-bid deal with David Beckham and partners to buy county land for an Overtown stadium the retired soccer star no longer wants. The Third District Court of Appeal ruled against Bruce Matheson, a wealthy landowner near the former stadium site who last year sued the county over the legality of selling public real estate without inviting other bids.
Two investors snap up historic San Francisco Ferry Building for $291 million

Two investors snap up historic San Francisco Ferry Building for $291 million

New owners picked up the San Francisco Ferry Building with plans to spruce up one of the city’s best-known landmarks. Hudson Pacific Properties (NYSE: HPP) and Allianz Real Estate dropped $291 million, or $1,086 per square foot, to buy control of the 268,018-square-foot office and retail property. The seller in the deal is Equity Office, an affiliate of global investment behemoth Blackstone.
UK house prices fall sharply in September amid Brexit wariness

UK house prices fall sharply in September amid Brexit wariness

Economists said the national picture painted by Halifax obscured some regional differences, with London house prices falling for the first time since 2009, yet prices elsewhere are rising. UK house prices unexpectedly dropped at the fastest pace for almost six months in September, according to Halifax, as the number of homes for sale in 2018 fell to a decade low.
Up to 10,000 attend rally demanding end to housing crisis

Up to 10,000 attend rally demanding end to housing crisis

The housing and homelessness crises are now affecting “everyone” and could become “the new water charges” in terms of mobiling protesters, those at a rally demanding action on the issue said on Wednesday. Up to 10,000 people, from all age groups, sectors and parts of the country, took part in the #RaiseTheRoof protest outside Leinster House in Dublin.
Construction Tech Firm Katerra Goes Shopping with SoftBank’s Money

Construction Tech Firm Katerra Goes Shopping with SoftBank’s Money

I know, I know. “Another SoftBank article?” While SoftBank and its portfolio of companies are far from the only major players in the PropTech space, it is important to understand its direction as the Japan-based investor is well-funded enough to move the needle with the stroke of a pen.
Martins Beach: U.S. Supreme Court denies appeal of billionaire Vinod Khosla

Martins Beach: U.S. Supreme Court denies appeal of billionaire Vinod Khosla

The U.S. Supreme Court on Monday rejected a request from Silicon Valley billionaire Vinod Khosla to weigh in on the long-running battle over Martins Beach in San Mateo County, turning down a case that could have rewritten coastal access laws in California and across the United States. Khosla, in his petition for the nation’s highest court, had argued that the California Coastal Commission violated his property rights by requiring him to obtain a permit before he could legally padlock the gates to a private road to the beach south of Half Moon Bay.
Why the housing industry should fear Amazon

Why the housing industry should fear Amazon

For an e-commerce giant, Amazon has sprawling roots in the commercial real estate, with its massive warehouses, Whole Foods footprint and splashy cashierless and 4-Star stores. Now, Amazon (AMZN) is making its foray into residential real estate. Last week, the Alexa Fund, which invests in companies harnessing voice technology, participated in a $6.7 million round of funding to back Plant Prefab, a Southern California-based smart home builder.


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