National
Katerra employees fire back with lawsuit over abrupt closure
Reports surfaced June 1 that construction startup Katerra was shutting down its U.S. operations. Three days later, mass layoffs...
Tech
National
Unicorn founders hold court on proptech’s resi revolution
Home is where the heart is. Often, for U.S. homeowners, it is also where the heartbreak is. The process...
National
What Katerra’s shutdown means for clients, subsidiaries
Last week, “rumblings” from Katerra workers on a project site in Jersey City reached developer Paul Silverman. He then...
National
WATCH: Marc Ganzi on Colony Capital’s digital transformation
A fridge that knows you’re low on oat milk before you do may sound like the stuff of science...
National
Hello Alfred acquires HOM
Two startups aimed at landlords — one for property management, the other for “fostering community” among tenants — are joining forces. Alfred, the property management company also known as Hello Alfred, has acquired tech-enabled...
National
Procore raises $635M in long-awaited IPO
Construction software company Procore raised $634.5 million in its long-awaited initial public offering, debuting on the New York Stock Exchange on Thursday. The company initially marketed stock between $60 to $65 a share, Bloomberg...
National
The definitive real estate SPAC tracker
Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of real estate players are targeting proptech. As an alternative to the traditional IPO, special-purpose acquisition...
National
Proptech CEO pay, the #s behind Sonder’s $2.2B SPAC deal
Proptech’s payday A year ago, Redfin CEO Glenn Kelman said he would forgo a salary after the tech brokerage...
National
CoStar profits rebound with $74M in net income
CoStar’s profit machine is back in action. After four consecutive quarters in which its profits dropped, the real estate...
National
SPAC slowdown, SmartRent strikes a $2.2B deal
SPACs go cold SPAC deals are drying up amid mounting questions from regulators. After a record 109 SPAC deals...