Real Estate Tech News


Travis Kalanick is buying a new company that rehabs real estate and will run it as CEO

Travis Kalanick is buying a new company that rehabs real estate and will run it as CEO

Former Uber CEO Travis Kalanick has found his new job. The controversial Silicon Valley entrepreneur is joining a startup called City Storage Systems that focuses on repurposing distressed real estate assets like parking lots or abandoned strip malls and turning them into spaces suited for new industries, such as food delivery or online retail.
Home-builder confidence drops for third month in a row, NAHB says

Home-builder confidence drops for third month in a row, NAHB says

The numbers: The National Association of Home Builders’ monthly confidence gauge ticked down one point to a reading of 70 in March, the group said Thursday. After touching the highest since 1999 in December, the closely-watched sentiment tracker from the home builder lobby group fell for the third straight month in March. February’s reading was revised down one tick, to 71.
THE QUEST TO BRING 3-D-PRINTED HOMES TO THE DEVELOPING WORLD

THE QUEST TO BRING 3-D-PRINTED HOMES TO THE DEVELOPING WORLD

N THE LOW-SLUNG hills of El Salvador, building a house is not an easy task. The land is vulnerable to earthquakes, flooding, volcanic eruptions. The roads are rugged, electricity sparse. For the past several years, New Story—a housing charity based in San Francisco—has built over 150 homes there, ...
Developer gets green light for $100M Drivers Club Miami project

Developer gets green light for $100M Drivers Club Miami project

South American developer Carlos de Narváez is moving forward with his $100 million luxury auto club project, Drivers Club Miami. Miami-Dade County commissioners unanimously approved the developer’s proposal to turn county-owned land just west of Miami Gardens into a “country club for cars,” according to a press release.
WeWork Ups Pay for Brokers at Trio of Firms Who Find and Fill Coworking Space

WeWork Ups Pay for Brokers at Trio of Firms Who Find and Fill Coworking Space

WeWork has signed agreements with CBRE, Cushman & Wakefield and JLL in North America, offering brokers at the firms greater compensation if they find and fill coworking space, Commercial Observer has learned. WeWork is unique in that as we become more sales driven with our real estate approach we can partner with ......
AMAZON AIMS TO ADD 2,000 MORE JOBS IN BOSTON

AMAZON AIMS TO ADD 2,000 MORE JOBS IN BOSTON

Amazon is set to hire at least 2,000 employees in Boston’s Seaport District over the next few years, according to the city’s mayor. Mayor Marty Walsh announced Tuesday night that Amazon would be bringing the jobs to downtown Boston. The Seattle-based online retailer is in negotiations to rent space in a building set to begin construction this summer.
Home prices accelerated in December, Case-Shiller shows

Home prices accelerated in December, Case-Shiller shows

The numbers: The S&P/Case-Shiller national index rose a seasonally adjusted 0.7% in the three-month period ending in December, and was up 6.4% compared to a year before. The 20-city index rose a seasonally adjusted 0.6% for the month, and 6.3% for the year.
Airbnb Plus Is for People Who Hate Airbnb

Airbnb Plus Is for People Who Hate Airbnb

With "Plus," the company will give its stamp of approval to inspected, higher-quality listings. It’s only been ten years since Airbnb entered our world, and damn, has it done some damage. The vacation rental company that became its own verb celebrates its birthday in a big way this week, in the place where it all started. Today, in San Francisco (at a historic Masonic temple-turned-concert venue), CEO Brian Chesky announced Airbnb’s next iteration: Plus.
Tight supply, rising prices weigh on US home sales

Tight supply, rising prices weigh on US home sales

U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a persistent shortage of houses pushed up prices and kept first-time buyers out of the market. The National Association of Realtors said on Wednesday that existing home sales dropped 3.2 percent to a seasonally adjusted annual rate of 5.38 million units last month. It was the second straight monthly decline and reflected decreases in all four regions.
Want to buy Richard Garriott's $45M estate on Lake Austin? Using bitcoin allows 'significant discount'

Want to buy Richard Garriott's $45M estate on Lake Austin? Using bitcoin allows 'significant discount'

Video game developer Richard Garriott is offering a discount to the buyer of his Texas ranch if they pay in bitcoin. Garriott listed his 69-acre Lake Austin Ranch last year for $45 million. The property is the most expensive home in the area and offers 1,300 feet of waterfront on Lake Austin as well as a haunted forest and a Shakespearean theater. Bitcoin is increasingly becoming accepted for luxury home purchases. Earlier this year a Miami estate transacted which was listed for $6.2 million transacted for 455 bitcoin.


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