From TRD South Florida: The tourism tax-free days for Airbnb users in Miami-Dade County are over. County commissioners on Tuesday voted 10-3 to approve a memorandum of understanding between the Miami-Dade tax collector and the web-based short-term rental booking service provider.
As it waged an ultimately unsuccessful fight last year against legislation aimed at curtailing illegal short-term rentals, Airbnb orchestrated a public relations campaign painting the tech startup as a champion of middle class New Yorkers who rent out their homes to help make the ends meet. But according to a new study by an Airbnb watchdog, most of the money earned in predominantly black neighborhoods goes to white hosts who are new to the neighborhood, … more
Michael Fascitelli has taken over Cadre’s investment committee as its chair and senior adviser. The former Vornado Realty Trust CEO will now approve all deals and advise the management of the real estate finance startup, which is backed by Jared and Joshua Kushner. Cadre, which has raised $68 million in venture funding, is an online real estate investment platform targeted to family office, pension funds and institutional investors. Cadre invests directly in real estate assets, only … more
The real estate tech industry in 2016 could be summed up in one phrase: the big kids took over the playground Though there was a drop in the number of new startups and many fledgling companies struggled to secure financing, the established firms scored big money from investors and took steps to cement their market dominance. No, the post-2012 crop of startups still hasn’t led to an IPO. But this year saw some deals that make one … more