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La Universidad Alfonso X El Sabio adquiere The Valley en su apuesta por reforzar la innovación y la digitalización en la educación
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Howard Lorber and Steve Witkoff (Getty, iStock)
Frequent business partners Howard Lorber and Steve Witkoff have a new project, but it’s not a condo or hotel. It’s a SPAC.
The developers’ Ocean Drive Acquisition Corp. is looking to raise $250 million from investors to take a proptech startup public, according to a regulatory filing. In addition to Lorber and Witkoff, asset manager Monroe Capital is sponsoring the blank-check company.
“Technology has become a strategic imperative as [real estate] owners seek ways to increase the efficiency of their assets,” the filing said. “Our management team has specific experience and knowledge regarding the real estate industry and companies that provide technological solutions and innovation.”
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Vector Group Ltd. (NYSE: VGR) today announced the launch of New Valley Ventures, an investment vehicle seeking opportunities in next-generation technologies in the property technology (PropTech) space. New Valley Ventures will invest in promising PropTech startups committed to supporting rapid transformation of the real estate industry for the benefit of the agent experience.
In connection with the launch, Vector Group also announced New Valley Ventures has acquired an ownership stake in Rechat, a lead-to-close fully-mobile technology dashboard for real estate agents. New Valley Ventures’ affiliate, Douglas Elliman, is the largest residential real estate brokerage firm in the New York Metropolitan area and the sixth-largest in the United States.
Howard Lorber s Vector Group Launches VC Arm
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