The Latest

From left: Lionheart's Ophir Sternberg, Fifth Wall's Brendan Wallace, Chamath Palihapitiya, Supernova Partners' Spencer Rascoff and Proptech Acquisition II's Tom Hennessy (Getty, LinkedIn, iStock)
National

These blank-check firms are courting proptech deals

 It’s a good time to be a startup aspiring to go public. Investors plowed more than $83 billion into...

These blank-check firms are courting proptech deals
Fifth Wall’s Brendan Wallace and Brad Greiwe (Fifth Wall, iStock)
National

Fifth Wall to launch proptech SPAC

Fifth Wall, a prolific proptech investor that has backed VTS, States Title and Industrious, is joining the SPAC craze. The Los Angeles-based firm, which is already the best-funded proptech VC outfit, is raising money...

Fifth Wall to launch proptech SPAC
Photo illustration of Rodrigo Niño, with Shorewood's Larry Davis, 84 Williams Street and 331 Park Avenue South (Getty, Google Maps, iStock)
National

Behind the biggest real estate crowdfunding implosion

Johanna Trujillo invested $20,000 in what seemed like a sure thing — a piece of Manhattan real estate. She...

Behind the biggest real estate crowdfunding implosion
Warburg Realty's Clelia Warburg, Breather's Brian Murphy and InstaClosing's Peter Zinkovetsky (iStock)
National

Proptech’s winners and losers in 2020

It’s been a year of extreme highs and extreme lows in the proptech industry. While startups offering catering to digital transactions surged, co-working and flex-office spaces struggled with a sharp drop in business, as...

Proptech’s winners and losers in 2020
Clockwise from left: Donald Trump, Joe Biden, Airbnb CEO Brian Chesky, Opendoor CEO Eric Wu, Black Lives Matter protests (Illustration by The Real Deal)
National News Analysis

For real estate, a year like no other

“Unprecedented” may have been overused in news stories this year, but no word better describes the events of 2020. The coronavirus pandemic defined the year, claiming several hundred thousand American lives and wiping out...

For real estate, a year like no other
Despite recurring losses, Porch was valued at $1.1 billion on its first day of trading.  (Porch, Getty)
National

Porch valuation soars to $1B after IPO

After merging with a blank-check company, Porch.com is now a billion-dollar company. Despite recurring losses — which prompted accountants to raise red flags in the company’s IPO filing — the home-services startup made its...

Porch valuation soars to $1B after IPO
Simon Property Group CEO David Simon
Los Angeles

Simon execs celebrate pandemic’s end by ending pay cuts

The first Covid-19 vaccines are being distributed across the United States, and Simon Property Group is celebrating by reinstating...

Simon execs celebrate pandemic’s end by ending pay cuts
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