JLL Spark Creates $100M Global Venture Fund To Invest In Real Estate Tech Startups
As the real estate tech arms race heats up between major commercial brokerages, JLL's PropTech division, JLL Spark, has launched a $100M global venture fund to invest in burgeoning tech companies that will transform the industry.
JLL Spark Global Venture Fund will invest specifically in tech startups that aim to make real estate development, management, leasing and investing more efficient for real estate professionals, particularly JLL clients.
“The challenge for investors and occupiers … is that there are a lot of tech companies and products. It's hard to determine which are the right or most valuable ones. The JLL Spark fund will be the bridge between those…
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Kilroy Realty Reports 1.6M SF Of Leasing To Date In West Coast Markets
Though not yet halfway through the year, Kilroy Realty Corp. has signed over 1.6M SF in new and renewal leases across its West Coast markets. The company is on pace to surpass last year's leasing activity when it signed 2M SF…
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Bay Area's Housing Crisis Could Chase Facebook, Others Away
High housing costs in Silicon Valley have at least one major tech company threatening to move elsewhere. Facebook Vice President of Communications and Policy Officer Elliot Schrage told investors during the company's annual shareholders meeting that Bay Area housing costs need…
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Tech Firm Launches Property-Matching Service For Tenants, Targets Former Xceligent Customers
The December shutdown of Xceligent left thousands of commercial real estate brokers without a data platform, a void that industry giant CoStar quickly swooped in to fill. Now one new player aims to court those users.
Jim Simpson, the founder of Minneapolis-based commercial real estate software company Crelow, is relaunching the service under a new brand, DealBoard.org, and has already landed his first big client.
DealBoard reached an agreement with the North Texas Commercial Association of Realtors, a 2,500-member group, to use its technology in the Dallas-Fort Worth market, and the partnership is launching the service Tuesday.
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Beyond The Bio: 16 Questions With Berkshire Hathaway HomeServices' Candace Adams
This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.
Candace Adams helms the ship of Berkshire Hathaway HomeServices New England Properties, Westchester Properties and New York Properties. Having served at Berkshire Hathaway HomeServices for roughly 20 years, the industry vet oversees 1,800 agents throughout Connecticut, Massachusetts, New York and Rhode Island. Adams has overseen several mergers and acquisitions, including the purchase of seven brokerages and the opening of four new offices in the past three years, such as the launch of the first New York HomeServices location in 2017. Though largely residential, Berkshire Hathaway HomeServices has been working to build a commercial division and expand its commercial team, such as through the acquisition of the Herb Hirsch Commercial Team.
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Chaos Theory: Could A Downturn In London Take Down New York Or Paris?
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Bisnow's Mike Guimond To Take On New Role As Market Director Of Southern California Region
Bisnow is adding a new face to its Southern California operations. Mike Guimond, who currently manages sales and events in the greater Washington, D.C., region, will be heading to the West Coast to oversee business operations and expand Bisnow's footprint…
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