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WHAT WE'RE READING
Pertinent articles from across the web.
 
The 10 Top Emerging Trends That Will Shape Real Estate In 2019  (Curbed): The Urban Land Institute’s annual look at the year ahead focuses on technology and transformation at an uncertain moment.
Study: China Faces 'Unstoppable' Population Decline By Mid-Century (CNN)
China’s Billions Are Powering Latin America’s Tech Boom (Bloomberg)
WeWork Rebrands To The We Company; Discusses Revised SoftBank Round (FastCo)
10 Challenges That Will Define Cities In 2019 (Curbed)

BLOCKCHAIN:

NYC Bets On Crypto: Opens 4,000-Sq-Foot Blockchain Center Amid Bitcoin Bear Market (CCN): The center will offer coding classes and lectures to promote awareness and adoption of blockchain.
Equity Closes In On Tokens (The Information, subscription required)

CEO Of Goldman Sachs-Backed Crypto Finance Company Circle Says More Regulatory Clarity From US SEC Will Help Unlock Crypto Markets (Cointelegraph)
Ethereum Classic Is Under Attack (Quartz)
China’s Internet Censor To Start Regulating Blockchain Firms (Coindesk)
Bitcoin Philanthropists: From Charity Platforms To Harnessing Blockchain To Deliver Aid (The Information, subscription required)

 
CONSTRUCTION & COMMERCIAL:
 Google To Lease Converted Mall In Race For L.A. Office Space  (Bloomberg): Google is expanding its footprint in Los Angeles with the lease  of a planned 584,000-square-foot office campus that was formerly part of  the Westside Pavilion shopping mall.
 Market Moves Happening Behind The Scenes In Northern Virginia Following Amazon HQ2 Deal (Bisnow)
Why Autodesk Just Spent $1.15 Billion On Two Construction Tech Startups (Forbes)
Majority Of Contractors Using Offsite Construction, Survey Says (Construction Dive)

What’s Coming In New York Real Estate In 2019 (NY Times)
Exoskeleton Suit Allows Construction Workers To Lift 200 Lbs (Construction Dive)

FUTURE OF WORK:
 What Humanscale's Hybrid Office-Showrooms Reveal About The Future Of Workspaces (Architectural Digest): New spaces in New York, London, Paris, and Hong Kong are designed to showcase the office furniture supplier’s ergonomic products and commitment to sustainability—in action.

 Why Humans Will Remain Central To The Future Of Work (World Economic Forum)
WeWork Has Angered CRE Brokers By Going Around Them For Deals (NREI)
Co-Working Space The Wing Is No Longer Just for Women (The Cut)
5 Possible Scenarios For The Future Of Coworking (Bisnow)
A Conference Room Full Of Holograms Is The Future Of Work (Engadget)

HOSPITALITY:
 At Hotels, Space That’s Like The Office, ‘But Cooler’ (NY Times): Hotels are replacing traditional business centers with WeWork-style co-working areas.
 Airbnb Wins Preliminary Ruling Blocking NYC Demand For Data (Bloomberg)
 Will A New Marriott-Expedia Contract Signal A Sea Change In The Direct Booking Wars? (Skift)
Hotels Finally Embrace Homesharing: Now What? (Skift)
Airbnb In Talks To Lead Property Startup’s $75 Million Fundraising (The Information, subscription required)
Luxury Travelers Want More Than Ever Before, And Hotels Are Borrowing A Tactic Used By Netflix And Amazon To Keep Up (Business Insider)

 
 
MOBILITY:
 Cruise And DoorDash To Test Food Delivery Using Self-Driving Cars In San  Francisco (TechCrunch): The program will be available to select DoorDash  customers, who will be able to receive deliveries from restaurants via a Cruise  autonomous vehicle.

 Google Assistant Will Soon Check Into Your Flight For You (Engadget)
 Daimler Trucks Chief Devotes $572 Million To Driverless Technology (LA Times)
Top 10 Industries Transformed By Self-Driving Cars (Forbes)
Who Keeps Buzzing London's Airports With Drones? (Citylab)
Hyundai’s Vision For The Future: A Car That Walks On Four Legs (Washington Post)

RETAIL:
Kroger Is Changing Grocery Shopping As We Know It — And It's Becoming A Bigger Threat To Amazon (Business Insider): Kroger is rolling out new  technology to stores that's designed to make grocery shopping easier than ever before.

 Amazon’s Cashierless Go Stores Could Be A $4 Billion Business By 2021, New  Research Suggests (Recode)
The Changing Face Of Fifth Avenue And What It Says About The Future Of Retail (Fast Company)
Ikea Bans All Single-Use Plastic From Its Stores and Restaurants (CNN)
Amazon Extends Its Key Delivery Service To Third-Party Smart Locks And Garage Doors (Venture Beat)
Berkeley Startup Helps Retailers Compete Against Amazon (San Francisco Business Times)
The Rise Of The Direct-To-Consumer Home (Curbed)
 

INTERESTING DEALS

A selection of relevant financing and M&A activity in our sector.

  • Grabango, a developer of checkout-free shopping technology for existing stores, raised $12M in Series A funding led by Propel Venture Partners
  • ClassPass, the five-year-old fitness marketplace startup with $239M in financing, is acquiring competitor GuavaPass for an undisclosed amount
  • Bowery Valuation, a tech-focused real estate appraisal firm, raised $12M in a Series A funding round led by Builders VC
  • Vengo, maker of touch-screen vending machines, raised $7M in new equity funding. Vengo's investors include David Tisch and rap mogul Nas.
  • Autodesk acquired BuildingConnected, a platform that helps property owners and contractors procure bids and qualify vendors for $275M
  • Badi, a Barcelona-based urban room rental startup, raised $30M in Series B funding in round led by U.S.-based consumer tech VC firm Goodwater Capital
  • Carson, a New York-based services platform for unstaffed residential buildings, raised $3M in a round of seed funding led by BuildingLink
  • Cannabis REIT Treehouse Real Estate Investment Trust, a collaboration between MedMen and investment firm Stable Road Capital, completed a $133M raise
  • Home Bay, a full-service digital real estate company, received $13.5M of Series A-1 funding in a round led by Signal Peak Ventures 

FIFTH WALL UPDATE
The latest from Fifth Wall and our portfolio


Our co-founder Brad Greiwe spoke on the 'The Leading Venture Capitalists Talk CREtech' Panel at CREtech NYC. The conversation was moderated by Steve Weikal and featured panelists from Camber Creek, IndexVentures, Navitas and Real Estate Technology Ventures. Watch it here.
  • Fifth Wall's Retail Team hosted our friends from Allbirds, CandidCo, Foxtrot, Glow Concept, Heyday and Warby Parker for lunch and conversation about the digital-to-omnichannel transition, where entrepreneurs of younger brands could gain insights from brands that have already had success in the brick-and-mortar space, as well as retail operator and Fifth Wall LP Macerich. Read more about the lunch in this Forbes article about trends that will reshape retail in 2019.
  • Fifth Wall was also included in Axios' Future of Retail deep-dive, which includes a report on brick-and-mortar retail, predictions for Amazon, and an article detailing the effect of wealthy millennial's consumption habits on retail. Read the full report here
  • Lime’s Senior Director of Policy and Public Affairs Emily Warren spoke about the company’s explosive growth and global expansion onstage at CES 2019 this week. Watch her presentation here.
  • Interior Define was included in a Chicago Tribune article alongside Allbirds, Bonobos, Outdoor Voices and Warby Parker about DVNBs opting to open up neighboring brick-and-mortar stores in a Chicago neighborhood
  • Our 2019 Retail predictions were recapped by Placetech in an article titled “V-Commerce Set To Take On Amazon, Says Fifth Wall.” Read their takeaways here.
  • Ryan Simonetti, co-founder and CEO of Convene, wrote an article for Propmodo about flexible space and how it will change real estate in 2019 - from industry consolidation accelerating to landlords emerging as either partners or competitors, read his thoughts here.
  • Read PSFK's interview with partner Natalie Bruss as she shares retail insights from Fifth Wall's unique vantage point as the connective tissue between real estate companies and DVNBs. Natalie will speak alongside nine other retail and consumer experience pioneers at PSFK's Future of Retail 2019 Conference this Wednesday, January 16 in New York City.

CES 2019 ROUND-UP
Missed the conference? Here are ten key takeaways on Built World Tech

Curated by:
 
The Fifth Wall Team

 

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