NEW YORK CITY—In January, SoftBank led an $865 millioninvestment in Katerra. The upstart company, which plans totransform construction by creating prefab, modular homes infactories, is now valued at $3 billion.
Buildings Constructed in Factories—An IndustryDisrupter?
Jeffrey E. Levine, chairman of Douglaston Development, LLC andLevine Builders, visited Katerra's factory in Glendale, AZ. Hedescribed it as a “200,000 square-foot industrial warehouse theypurchased on the cheap and fit up with a couple of conveyorbelts.”
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
