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PropTech

Fifth Wall raises $100 million retail fund

Brendan Wallace and Brad Greiwe (Credit: FifthWall)
  • VC firm Fifth Wall Ventures has closed a $100 million retail fund to invest in companies born online that are looking to join the bricks-and-mortar world. Investors include Acadia Realty Trust, Macerich, Cushman & Wakefield, and Nuveen Real Estate. (WSJ)
  • CBRE will lay off 40 software engineers in its New York City office. The company explained the layoffs as a “reduction in workload due to a change in business priorities.” (TRD)

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