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Wednesday, June 20, 2018

$40 Million Fund Launched for Real Estate Startups, Tech | Los Angeles Business Journal

$40 Million Fund Launched for Real Estate Startups, Tech | Los Angeles Business Journal: New York-based real estate venture capital firm MetaProp has launched a $40 million fund that has attracted CBRE Group Inc., RXR Realty and Cushman & Wakefield.

MetaProp II is a venture capital fund that invests in early-stage real estate and real estate technology-related firms. The fund closed on June 13.

The new fund reportedly is expected to invest in real estate technology such as 3-D printing, augmented reality, co-working, blockchain among others.

Hot real estate markets to cool in 2020, experts predict – Orange County Register

Hot real estate markets to cool in 2020, experts predict – Orange County Register: Homebuilder James Boyd has no trouble selling the homes he builds. The difficulty is getting them built in the first place.

High lumber costs, regulatory restrictions and a construction worker shortage continue to plague housing developers like Boyd, the Orange County-based president of Toll Brothers’ operations in California and Nevada.