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)