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Lessen, Property Services Startup, Scores Unicorn Valuation
Lessen CEO Jay McKee and Fifth Wall managing partner Brendan Wallace (LinkedIn, Fifth Wall, iStock) A historic year for proptech fundraising has produced another unicorn. Lessen, a real estate management platform that connects property owners and operators to electricians, cleaners and other service providers, raised $170 million in a Series B round, pushing its total funding so far to $214 million — nearly quadruple its previous fundraising — and valuing the two-and-a-half year-old company at more than $1 billion. Proptech venture capital firm Fifth Wall, which led Lessen’s $35 million Series A round in June, returned to lead the new round. Khosla Ventures, General Catalyst and Navitas Capital were also…
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Luxury real estate booming on Upper East Side in NYC
The once sedate Upper East Side is suddenly sizzling as luxe home sales are surging after being cratered by the pandemic. More contracts for homes priced at $4 million and up were signed on the Upper East Side than in any other Manhattan neighborhood during the first week of November, according to a report compiled by Donna Olshan of Olshan Realty. Among the eye-popping deals were two penthouse units combined into one with an asking price of $66.5 million. The apartments are in The Bellemont, a condo building at 1165 Madison Ave. designed by famed architect Robert A.M. Stern. An undisclosed buyer snatched up what will become the 13,011-square-foot home…
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Excellent Guide For People Looking To Buy Property This Year
If we are being honest, nobody wants to work for their life. Passive income appeals to many people in the current generation, and real estate investments are an opportunity to realize your dream if you want to generate passive income. However, the real estate industry also comes with several risks, and it can milk you dry if you make any mistakes when buying an investment property. One of the biggest mistakes you can make when looking for investment property is rushing to purchase without considering the different aspects that regulate the real estate industry. This article has put together some of the critical factors you need to consider when looking…
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See how the Bidens have decorated for their 1st White House Christmas : NPR
A Christmas tree stands in the Red Room during a press preview of White House holiday decorations on Nov. 29. Andrew Caballero-Reynolds/AFP via Getty Images hide caption toggle caption Andrew Caballero-Reynolds/AFP via Getty Images A Christmas tree stands in the Red Room during a press preview of White House holiday decorations on Nov. 29. Andrew Caballero-Reynolds/AFP via Getty Images For their first Christmas in the White House, the Biden family will celebrate with the theme of “gifts from the heart” for their holiday decor. In unveiling the theme on Monday, President Biden and first lady Jill Biden explained: “The things we hold sacred unite us and transcend distance, time, and…
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