Is Jeff Bezos looking to make another land grab on the West Coast? According to the New York Post, the Amazon.com titan, who already owns two properties in Beverly Hills, is apparently poking around Los Angeles for another mansion to add to his California collection.
And since money is no object, billionaire Bezos and his girlfriend, Lauren Sanchez, have reportedly been touring the priciest mansions—the ones over $100 million—in Beverly Hills and Bel Air, some of the Los Angeles area’s toniest enclaves.
Cherre, a real estate data and analytics company, announced Wednesday it closed on $16 million in growth funding in a round led by Intel Capital. Modeled after high frequency trading tools, Cherre’s SaaS platform leverages AI to help insurance companies, banks and investors instantly collect, augment and analyze datasets from hundreds of thousands of sources. This enables these customers to make smarter decisions about potential investment and underwriting opportunities.
New York-based coworking provider Coalition Space was evicted from its branch at 68 Harrison Ave. in Boston’s Chinatown neighborhood Jan. 14 after not paying rent in November and December, according to court records. The coworking company, through a dedicated special purpose entity it set up for the space, had paid less rent than it owed for 14 months prior to that, lawyers for landlord Mai Luo claimed in a Boston Municipal Court filing late last year.
The grandson of legendary investor and billionaire Warren Buffett is getting into Opportunity Zones, but in an unusual way.
Howard W. Buffett is rolling out a software tool that measures an Opportunity Zone investment’s potential social, environmental and economic impact. Through his advisory firm, Global Impact, Buffett developed the software, “Impact Rate of Return,” with financial technology company NES Financial.
The government of Australia has today released a national blockchain roadmap to help drive the adoption of the technology in the country.
The 52-page roadmap, issued by the government’s Department of Industry, has noted that blockchain has the potential to create jobs, save companies money and improve Australia’s economic growth.
Recently the University of Oxford published a paper on digital assets and real estate. Entitled, “Tokenization: the Future of Real Estate Investment?“, the document believes there is potential in tokenizing the popular asset class but also sees certain challenges. For example, tokenization of property as an investment will not take place overnight. Additionally, using blockchain technology to tokenize funds may be a more advantageous approach going forward than single assets, according to the authors.