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About

A native of Southern California, Alessandra Castrogiovanni credits her family background in real estate for her business acumen. She grew up in Palos Verdes, where her mother has established a long career as a successful Broker on the Hill and her father’s entrepreneurial spirit as a builder and developer in the South Bay area made a lasting impression. She studied art at the prestigious L’Accademia di Belle Arti in Bologna, Italy before earning a B.A. in International Relations from Fordham University at Lincoln Center.

Press & News

https://www.fastcompany.com/90202096/the-for-sale-sign-gets-its-first-major-makeover-in-nearly-50-years


Good morning, and happy post-Connect weekend!

Inman Connect San Francisco, our company’s annual summer conference for the
real estate industry, is behind us now. I’m left feeling exhausted,
relieved and proud of my colleagues for hosting and reporting on such an
incredibly dynamic show. I’m also fired-up about about the prospect of
what’s next for real estate. And one of my most important takeaways from
the event just dawned on me as I was returning home to NYC.

You may have read or witnessed live the big stories from Connect, includinga particularly animated discussion between our guest speaker Gary Keller,co-founder a...

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https://www.fastcompany.com/90202096/the-for-sale-sign-gets-its-first-major-makeover-in-nearly-50-years

The real estate unicorn Compass, worth $2.2 billion, wants to connect front-lawn signage to the digital world.

The final prototype, in the shape of a magnifying glass, stands tall in a 10th-floor conference room at real estate startup Compass, emitting a gentle glow from the inner rim of its ringed frame. At first glance, the matte-black material and minimalist shape would appear destined for a patio, or inside a home. In fact, if it weren’t for the real estate agent contact information in the center of the glowing ring, it would be hard to call this a “for sale” sign. But that is exactly its purpose: to broadcast to bu...

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Japanese firm SoftBank is betting big on the white hot real estate tech company

Humongous breaking news this morning for Compass, the white-hot real estate tech company: it just received a $450 million investment from SoftBank Vision Fund, the collaborative tech investment vehicle started by Japanese company SoftBank and a host of big international players.

The $450 million investment in Compass marks the largest private real estate tech investment in U.S. history, according to Compass, and follows on the heels of a $100 million investment from other funders last month, which valued the company at $1.8 billion.

Collectively, Compass has raised $775 million in capital, money that will assist in its bid to expand across 10 new metropolitan ma...

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Compass takes a high-tech, high-touch approach, combining
the best agents, a top-tier creative studio, and unparalleled
reach and resources.

Watch Video

The likes of Realogy, Compass and Redfin are all touting agent-centric models and tools. Now the footsoliders of real estate may finally be getting their due.

The race is on, and agents are becoming the clear winners. All the companies in real estate -- new tech brokerages, legacy franchises and indie brokers -- are all trying to cozy-up to the solo practitioner and their small teams. At Inman Connect last week, new Realogy CEO Ryan Schneider said his focus is on agents and building technology to support them. Schneider said that leveraging untapped real estate data and enhancing the agent experience across Realogy’s litany of brands will take center stage as the giant battles for market share against Keller Williams and a growing army of tech-enabled competitors The day before, Compass CEO Robert Reffkin made it clear that he is focused on the best agents and building technology to hel...

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Self-storage deal

With help from Maya Parthasarathy

TODAY IN REAL ESTATE — The Long Island City Partnership will host its annual legislative breakfast from 8 a.m. to 10 a.m. at 27-01 Queens Plaza North. Expected speakers include Lt. Gov. Kathy Hochul, State Sen. Michael Gianaris, Public Advocate Tish James, and City Councilman Jimmy Van Bramer. They will discuss the current legislative landscape and the partnership will appoint its board of directors for the coming year. More information here.

With help from Maya Parthasarathy

TODAY IN REAL ESTATE — The Long Island City Partnership will host its annual legislative breakfast from 8 a.m. to 10 a.m. at 27-01 Queens Plaza North. Expected speakers include Lt. Gov. Kathy Hochul, State Sen. Michael Gian...

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Compass continues to raise capital — this time from SoftBank Group.

Less than a month after the New York-based real estate technology startup received $100 million in series E funding from Fidelity Investments, Tokyo-based SoftBank infused the company with $450 million, plus another $50 million in secondary deals.

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Real estate tech firm Compass is the latest beneficiary.

Real estate tech company Compass is the latest beneficiary of SoftBank’s $100 billion Vision Fund, receiving $450 million Thursday from a funding round led by the tech fund.

Backed by tech giants including Apple, Qualcomm and Sharp, as well as by sovereign funds from Saudi Arabia and the United Arab Emirates, SoftBank’s Vision Fund has so far raised $98 billion, making it the largest technology investment fund ever. Its scale has reshaped Silicon Valley in 2017.

Other recent investments include funding rounds for Slack, Mapbox and Vir Biotechnology. SoftBank is likely to invest up to a whopping $10 billion in Uber, but that deal hasn’t gone through yet.

Here’s a running list of all the funding rounds the Vision Fund has participated in:

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*SoftBank investments expected to be offered to the Vision Fund **Combined $4.4 billion from both SoftBank Group and SoftBank Vision Fund. Split not disclosed. Note: Since final deal values are not disclosed, value of funding rounds led by SoftBank is used instead. Source: SoftBank announcements and disclosures, news reports (Flipkart, Nvidia). OSIsoft not included since deal value is unkown.
As the lead investor, Vision Fund isn’t responsible for the entire amount of the funding round, but rather the largest portion. Some of the deals (OneWeb, SoFi, Improbable, Nauto) are expected to be offered to, but are not currently part of the Vision Fund. Final deal values have not been disclosed.

The Vision Fund hopes to raise a total of $100 billion that it will invest for up to five years after its final closing. Incredibly, SoftBank is also discussing raising money for another huge tech fund.

  • Real estate technology firm Compass says it's getting an investment of $450 million from the SoftBank Vision Fund.
  • The infusion from the $93 billion venture vehicle brings Compass' total capital raise to $775 million.
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CHINA INVESTMENT OUTLOOK

Happy Friday, Term Sheet readers.

Let’s wrap up the week with a quick overview of China’s investment outlook. I spoke with Hans Tung, a managing partner at GGV Capital. Tung has been a U.S.-China investor for more than a decade. His portfolio includes Xiamoi, Airbnb, Wish, and muscal.ly.

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Areas & Neighborhoods

Testimonials

  • "Alessandra demonstrated class and a high end feel for style and design. She is a consummate professional and very compassionate, while being sensitive to our needs and timeline. She has far exceeded all of the other sales in the area — as our home sold at the highest price point ever! She is meticulous with her open houses, and very creative with her marketing material, social media exposure, promotional campaigns, using video and music production to sell our home at another level. She worked very diligently and beyond our expectations. Alessandra is super organized and also very clear in her communication with us. I very much appreciated this as I am very detailed myself. This emotional process became an exiting and inspiring experience in which we loved working together with Alessandra. We will be friends for life and I would highly recommend her services!"

    "Alessandra demonstrated class and a high end feel for style and design. She is a consummate professional and very compassionate, while being sensitive to our needs and timeline. She has far exceeded all of the other sales in the area — as our home sold at the highest price point ever! She is meticulous with her open houses, and very creative with her marketing material, social media exposure, promotional campaigns, using video and music production to sell our home at another level. She worked very diligently and beyond our expectations. Alessandra is super organized and also very clear in her communication with us. I very much appreciated this as I am very detailed myself. This emotional process became an exiting and inspiring experience in which we loved working together with Alessandra. We will be friends for life and I would highly recommend her services!"

    Marie-josé and Hans Blom

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    "Alessandra you are the best! Thank you so much for everything you did start to finish. We so appreciate your help with the move and going above and beyond helping - you just made our move in a breeze!!"

     

     

    "Alessandra you are the best! Thank you so much for everything you did start to finish. We so appreciate your help with the move and going above and beyond helping - you just made our move in a breeze!!"

    Golden Tate III, Wide Receiver, Detroit Lions

    Elise Pollard, Director of Business Development, Harvey Nash
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    "Alessandra worked tirelessly to help me sell my house in Venice for quite a bit over asking price. She put me in touch with excellent professionals to help with repairs and staging, and gave me great advice about about pricing. I also had her help in buying two other properties, and will use her again to sell one later this year. I recommend her services very highly. I'm happy to have found someone I trust and like."

     

     

    "Alessandra worked tirelessly to help me sell my house in Venice for quite a bit over asking price. She put me in touch with excellent professionals to help with repairs and staging, and gave me great advice about about pricing. I also had her help in buying two other properties, and will use her again to sell one later this year. I recommend her services very highly. I'm happy to have found someone I trust and like."

    Betsy Paterson, Visual Effects Supervisor

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Compass is a licensed real estate broker (01991628) in the State of California and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed.