Tech

Katerra facility (Katerra, Getty)
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...

Katerra employees fire back with lawsuit over abrupt closure
Katerra’s abrupt closure has left clients and subsidiaries in the lurch. (Getty)
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...

What Katerra’s shutdown means for clients, subsidiaries
Hello Alfred CEO Marcela Sapone and HOM CEO Francesca Loftus
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...

Hello Alfred acquires HOM
Procore CEO Tooey Courtemanche (Linkedin, SEC) 
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...

Procore raises $635M in long-awaited IPO
From left: Howard Lorber, Spencer Rascoff, Rob Speyer, and Steve Witkoff (Getty, Twitter)
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...

The definitive real estate SPAC tracker
CoStar CEO Andy Florance (Getty)
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...

CoStar profits rebound with $74M in net income
The Real Deal's E.B. Solomont
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...

SPAC slowdown, SmartRent strikes a $2.2B deal

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