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    Why you must attend Gulf News India Property Show this weekend

    Why you must attend Gulf News India Property Show this weekend

    Student Accommodation Awards – Meet our winners | News

    Student Accommodation Awards – Meet our winners | News

    Żubr Estate in Kraków to come to new life after nearly 16 years

    Żubr Estate in Kraków to come to new life after nearly 16 years

    Planning reform needed to ensure survival of capitalism in the UK, says report | News

    Planning reform needed to ensure survival of capitalism in the UK, says report | News

    Co-living properties grab European investors’ attention

    Co-living properties grab European investors’ attention

    UK industrial infrastructure ‘holding back technology superpower aims’ | News

    UK industrial infrastructure ‘holding back technology superpower aims’ | News

    Kempinki Hotels to start first project in Romania

    Kempinki Hotels to start first project in Romania

    Irish cinema group to enter mainland UK with Empire theatres acquisition | News

    Irish cinema group to enter mainland UK with Empire theatres acquisition | News

    ČEZ Esco and CTP to install PV in a series of halls in CR

    ČEZ Esco and CTP to install PV in a series of halls in CR

  • Retail
    Brookfield Lands $190 Million Refinancing for San Francisco Mall

    Brookfield Lands $190 Million Refinancing for San Francisco Mall

    Shrewsbury town centre retail space sold to a local investor

    Shrewsbury town centre retail space sold to a local investor

    Real estate company sells one retail property and buys another

    Real estate company sells one retail property and buys another

    Northwood Retail Puts Dallas’ Shops at Park Lane on the Market

    Northwood Retail Puts Dallas’ Shops at Park Lane on the Market

    Strong market fundamentals within suburban tri-state retail sector continue to encourage strong investor demand

    Strong market fundamentals within suburban tri-state retail sector continue to encourage strong investor demand

    Retail space finding its place in post-pandemic world

    Retail space finding its place in post-pandemic world

    Project to demolish Fall River strip mall for 350 apartments, retail space, appears to be off the table – Fall River Reporter

    Project to demolish Fall River strip mall for 350 apartments, retail space, appears to be off the table – Fall River Reporter

    NewMark Merrill Buys 172 KSF Retail Center in LA

    NewMark Merrill Buys 172 KSF Retail Center in LA

    Is this the right time to buy back into the REIT sector

    Is this the right time to buy back into the REIT sector

  • Residential
    What does the 2024 housing market have in store? Property experts make their predictions – The Irish Times

    What does the 2024 housing market have in store? Property experts make their predictions – The Irish Times

    Public invited to meeting to consider allowing up to four units on a residential property

    Public invited to meeting to consider allowing up to four units on a residential property

    JLL Income Property Trust Sells Uptown Charlotte Apartment Community

    JLL Income Property Trust Sells Uptown Charlotte Apartment Community

    Project515 panelists discuss residential real estate sector

    Project515 panelists discuss residential real estate sector

    PNB Housing Finance’s affordable home loan book is now worth ₹1,000 crore

    PNB Housing Finance’s affordable home loan book is now worth ₹1,000 crore

    Affordable housing project in Arlington Heights is a vote short — for now

    Affordable housing project in Arlington Heights is a vote short — for now

    City council begins annual break down of residential, commercial property tax rates

    City council begins annual break down of residential, commercial property tax rates

    Life insurers binge on US financing aimed at helping housing

    Life insurers binge on US financing aimed at helping housing

    ECI Group Sells 318-Unit Houston Property

    ECI Group Sells 318-Unit Houston Property

  • Office
    Multinational clothing company relocates from Hackensack to Rochelle Park office property

    Multinational clothing company relocates from Hackensack to Rochelle Park office property

    Commercial property confronts the ‘comedown’ from easy money

    Commercial property confronts the ‘comedown’ from easy money

    Wine membership club 67 Pall Mall to take space in Melbourne’s 85 Spring Street tower

    Wine membership club 67 Pall Mall to take space in Melbourne’s 85 Spring Street tower

    Commercial Properties, Inc. opens office to serve Pinal County and Tucson

    Commercial Properties, Inc. opens office to serve Pinal County and Tucson

    Kogi LG chair auctions govt property few days to leaving office

    Kogi LG chair auctions govt property few days to leaving office

    SL Green Realty sells 625 Madison Avenue office property for $633m | News

    SL Green Realty sells 625 Madison Avenue office property for $633m | News

    Huron Plainsman | Unclaimed Property division to hold remote office at Huron Public Library on Wednesday

    Huron Plainsman | Unclaimed Property division to hold remote office at Huron Public Library on Wednesday

    Commercial real estate brokerage firm opens Lafayette office | Business

    Commercial real estate brokerage firm opens Lafayette office | Business

    Ritchie Real Estate, Khmericano Coffee celebrate Pineville openings

    Ritchie Real Estate, Khmericano Coffee celebrate Pineville openings

  • Industrial
    DIV to Develop 848 KSF Phoenix-Area Industrial Campus

    DIV to Develop 848 KSF Phoenix-Area Industrial Campus

    Unanderra industrial property linked to Vito Pennimpede sells at auction | Illawarra Mercury

    Unanderra industrial property linked to Vito Pennimpede sells at auction | Illawarra Mercury

    541 Avenue B Building 10 Leetsdale Pa 15056

    541 Avenue B Building 10 Leetsdale Pa 15056

    Pricing Reset on Industrial Properties in Texas Has Executive Looking Outside the Box

    Pricing Reset on Industrial Properties in Texas Has Executive Looking Outside the Box

    This Week’s Dallas-Fort Worth Deal Sheet (December 12, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (December 12, 2023)

    The top 10 commercial property deals of 2023 – The Irish Times

    The top 10 commercial property deals of 2023 – The Irish Times

    Commercial property market endures yet another turbulent year – The Irish Times

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    Valor completes £101m loan on London urban logistics assets

    Valor completes £101m loan on London urban logistics assets

    HOT PROPERTIES: Conservation group buys Campobello land

    HOT PROPERTIES: Conservation group buys Campobello land

  • Hotel
    Saudi Arabia snaps up 49% of Rocco Forte Hotels

    Saudi Arabia snaps up 49% of Rocco Forte Hotels

    Saudi wealth fund PIF to acquire 49% stake in Rocco Forte

    Saudi wealth fund PIF to acquire 49% stake in Rocco Forte

    Top Urban Hotspots Entice Hotel Investors

    Top Urban Hotspots Entice Hotel Investors

    FibraHotel Exec Says Mexican Real Estate Investment Trusts Are ‘Growing Up’

    FibraHotel Exec Says Mexican Real Estate Investment Trusts Are ‘Growing Up’

    Saudi Arabia Fund Acquires ‘Substantial Minority’ Stake in London-Based Rocco Forte Hotels

    Saudi Arabia Fund Acquires ‘Substantial Minority’ Stake in London-Based Rocco Forte Hotels

    Meghalaya approves PPP policy for tourism, invites private investments in greenfield hotel projects  – Tourism Breaking News

    Meghalaya approves PPP policy for tourism, invites private investments in greenfield hotel projects  – Tourism Breaking News

    Croatia’s Imperial Riviera to invest 38.4 mln euro in 2024

    Croatia’s Imperial Riviera to invest 38.4 mln euro in 2024

    Croatia’s Valamar Riviera to invest 43 mln euro in 2024

    Croatia’s Valamar Riviera to invest 43 mln euro in 2024

    Startup news and updates: daily roundup (December 5, 2023) – YourStory

    Startup news and updates: daily roundup (December 5, 2023) – YourStory

  • Buying a Home
    Family loans for buying a home may push up house prices

    Family loans for buying a home may push up house prices

    Murphy Home Buyers Expands Quick Cash Home Buying Services in

    Murphy Home Buyers Expands Quick Cash Home Buying Services in

    Tampa Bay’s Best Neighborhoods Home Buyers Should Consider

    Tampa Bay’s Best Neighborhoods Home Buyers Should Consider

    Top housing markets for 2024? Two Mass. metros make the list.

    Top housing markets for 2024? Two Mass. metros make the list.

    Fannie Mae slashed its down payment requirements to just 5% for multi-family homes — and real estate moguls are smiling. Should you jump in?

    Fannie Mae slashed its down payment requirements to just 5% for multi-family homes — and real estate moguls are smiling. Should you jump in?

    It's Not a Good Time to Buy a Home—Anywhere – Bloomberg

    It's Not a Good Time to Buy a Home—Anywhere – Bloomberg

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    Henrico to help employees buy homes – Richmond – WWBT

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    Should I buy a bigger house?

    Jeff Bezos Is Funding a Real Estate Startup Buying Up Family Homes to Rent – VICE

    Jeff Bezos Is Funding a Real Estate Startup Buying Up Family Homes to Rent – VICE

  • Selling a Home
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    Top Amazon Product Categories in 2024

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    How To Sell A Home On Zillow

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    Luxury Cruise: Ohio woman sells home for $32,000 luxury cruise that got cancelled

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    Real Estate Logic – Selling your home in the winter

    I’m Selling My Home and Netting $750k to Downsize for Retirement. Do I Have to Pay Capital Gains Taxes?

    I’m Selling My Home and Netting $750k to Downsize for Retirement. Do I Have to Pay Capital Gains Taxes?

    What are homes selling for in Evansville and Vanderburgh County?

    What are homes selling for in Evansville and Vanderburgh County?

    Steve and Carmen Davidson sell Bellevue Hill mansion in Sydney for $38 million

    Steve and Carmen Davidson sell Bellevue Hill mansion in Sydney for $38 million

    Bristol County median home prices increased 16.4% from Nov. 2022

    Bristol County median home prices increased 16.4% from Nov. 2022

    Real Estate titan ‘anxious’ ahead of family home sale

    Real Estate titan ‘anxious’ ahead of family home sale

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  • Home
  • News
    Why you must attend Gulf News India Property Show this weekend

    Why you must attend Gulf News India Property Show this weekend

    Student Accommodation Awards – Meet our winners | News

    Student Accommodation Awards – Meet our winners | News

    Żubr Estate in Kraków to come to new life after nearly 16 years

    Żubr Estate in Kraków to come to new life after nearly 16 years

    Planning reform needed to ensure survival of capitalism in the UK, says report | News

    Planning reform needed to ensure survival of capitalism in the UK, says report | News

    Co-living properties grab European investors’ attention

    Co-living properties grab European investors’ attention

    UK industrial infrastructure ‘holding back technology superpower aims’ | News

    UK industrial infrastructure ‘holding back technology superpower aims’ | News

    Kempinki Hotels to start first project in Romania

    Kempinki Hotels to start first project in Romania

    Irish cinema group to enter mainland UK with Empire theatres acquisition | News

    Irish cinema group to enter mainland UK with Empire theatres acquisition | News

    ČEZ Esco and CTP to install PV in a series of halls in CR

    ČEZ Esco and CTP to install PV in a series of halls in CR

  • Retail
    Brookfield Lands $190 Million Refinancing for San Francisco Mall

    Brookfield Lands $190 Million Refinancing for San Francisco Mall

    Shrewsbury town centre retail space sold to a local investor

    Shrewsbury town centre retail space sold to a local investor

    Real estate company sells one retail property and buys another

    Real estate company sells one retail property and buys another

    Northwood Retail Puts Dallas’ Shops at Park Lane on the Market

    Northwood Retail Puts Dallas’ Shops at Park Lane on the Market

    Strong market fundamentals within suburban tri-state retail sector continue to encourage strong investor demand

    Strong market fundamentals within suburban tri-state retail sector continue to encourage strong investor demand

    Retail space finding its place in post-pandemic world

    Retail space finding its place in post-pandemic world

    Project to demolish Fall River strip mall for 350 apartments, retail space, appears to be off the table – Fall River Reporter

    Project to demolish Fall River strip mall for 350 apartments, retail space, appears to be off the table – Fall River Reporter

    NewMark Merrill Buys 172 KSF Retail Center in LA

    NewMark Merrill Buys 172 KSF Retail Center in LA

    Is this the right time to buy back into the REIT sector

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  • Residential
    What does the 2024 housing market have in store? Property experts make their predictions – The Irish Times

    What does the 2024 housing market have in store? Property experts make their predictions – The Irish Times

    Public invited to meeting to consider allowing up to four units on a residential property

    Public invited to meeting to consider allowing up to four units on a residential property

    JLL Income Property Trust Sells Uptown Charlotte Apartment Community

    JLL Income Property Trust Sells Uptown Charlotte Apartment Community

    Project515 panelists discuss residential real estate sector

    Project515 panelists discuss residential real estate sector

    PNB Housing Finance’s affordable home loan book is now worth ₹1,000 crore

    PNB Housing Finance’s affordable home loan book is now worth ₹1,000 crore

    Affordable housing project in Arlington Heights is a vote short — for now

    Affordable housing project in Arlington Heights is a vote short — for now

    City council begins annual break down of residential, commercial property tax rates

    City council begins annual break down of residential, commercial property tax rates

    Life insurers binge on US financing aimed at helping housing

    Life insurers binge on US financing aimed at helping housing

    ECI Group Sells 318-Unit Houston Property

    ECI Group Sells 318-Unit Houston Property

  • Office
    Multinational clothing company relocates from Hackensack to Rochelle Park office property

    Multinational clothing company relocates from Hackensack to Rochelle Park office property

    Commercial property confronts the ‘comedown’ from easy money

    Commercial property confronts the ‘comedown’ from easy money

    Wine membership club 67 Pall Mall to take space in Melbourne’s 85 Spring Street tower

    Wine membership club 67 Pall Mall to take space in Melbourne’s 85 Spring Street tower

    Commercial Properties, Inc. opens office to serve Pinal County and Tucson

    Commercial Properties, Inc. opens office to serve Pinal County and Tucson

    Kogi LG chair auctions govt property few days to leaving office

    Kogi LG chair auctions govt property few days to leaving office

    SL Green Realty sells 625 Madison Avenue office property for $633m | News

    SL Green Realty sells 625 Madison Avenue office property for $633m | News

    Huron Plainsman | Unclaimed Property division to hold remote office at Huron Public Library on Wednesday

    Huron Plainsman | Unclaimed Property division to hold remote office at Huron Public Library on Wednesday

    Commercial real estate brokerage firm opens Lafayette office | Business

    Commercial real estate brokerage firm opens Lafayette office | Business

    Ritchie Real Estate, Khmericano Coffee celebrate Pineville openings

    Ritchie Real Estate, Khmericano Coffee celebrate Pineville openings

  • Industrial
    DIV to Develop 848 KSF Phoenix-Area Industrial Campus

    DIV to Develop 848 KSF Phoenix-Area Industrial Campus

    Unanderra industrial property linked to Vito Pennimpede sells at auction | Illawarra Mercury

    Unanderra industrial property linked to Vito Pennimpede sells at auction | Illawarra Mercury

    541 Avenue B Building 10 Leetsdale Pa 15056

    541 Avenue B Building 10 Leetsdale Pa 15056

    Pricing Reset on Industrial Properties in Texas Has Executive Looking Outside the Box

    Pricing Reset on Industrial Properties in Texas Has Executive Looking Outside the Box

    This Week’s Dallas-Fort Worth Deal Sheet (December 12, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (December 12, 2023)

    The top 10 commercial property deals of 2023 – The Irish Times

    The top 10 commercial property deals of 2023 – The Irish Times

    Commercial property market endures yet another turbulent year – The Irish Times

    Commercial property market endures yet another turbulent year – The Irish Times

    Valor completes £101m loan on London urban logistics assets

    Valor completes £101m loan on London urban logistics assets

    HOT PROPERTIES: Conservation group buys Campobello land

    HOT PROPERTIES: Conservation group buys Campobello land

  • Hotel
    Saudi Arabia snaps up 49% of Rocco Forte Hotels

    Saudi Arabia snaps up 49% of Rocco Forte Hotels

    Saudi wealth fund PIF to acquire 49% stake in Rocco Forte

    Saudi wealth fund PIF to acquire 49% stake in Rocco Forte

    Top Urban Hotspots Entice Hotel Investors

    Top Urban Hotspots Entice Hotel Investors

    FibraHotel Exec Says Mexican Real Estate Investment Trusts Are ‘Growing Up’

    FibraHotel Exec Says Mexican Real Estate Investment Trusts Are ‘Growing Up’

    Saudi Arabia Fund Acquires ‘Substantial Minority’ Stake in London-Based Rocco Forte Hotels

    Saudi Arabia Fund Acquires ‘Substantial Minority’ Stake in London-Based Rocco Forte Hotels

    Meghalaya approves PPP policy for tourism, invites private investments in greenfield hotel projects  – Tourism Breaking News

    Meghalaya approves PPP policy for tourism, invites private investments in greenfield hotel projects  – Tourism Breaking News

    Croatia’s Imperial Riviera to invest 38.4 mln euro in 2024

    Croatia’s Imperial Riviera to invest 38.4 mln euro in 2024

    Croatia’s Valamar Riviera to invest 43 mln euro in 2024

    Croatia’s Valamar Riviera to invest 43 mln euro in 2024

    Startup news and updates: daily roundup (December 5, 2023) – YourStory

    Startup news and updates: daily roundup (December 5, 2023) – YourStory

  • Buying a Home
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    Family loans for buying a home may push up house prices

    Murphy Home Buyers Expands Quick Cash Home Buying Services in

    Murphy Home Buyers Expands Quick Cash Home Buying Services in

    Tampa Bay’s Best Neighborhoods Home Buyers Should Consider

    Tampa Bay’s Best Neighborhoods Home Buyers Should Consider

    Top housing markets for 2024? Two Mass. metros make the list.

    Top housing markets for 2024? Two Mass. metros make the list.

    Fannie Mae slashed its down payment requirements to just 5% for multi-family homes — and real estate moguls are smiling. Should you jump in?

    Fannie Mae slashed its down payment requirements to just 5% for multi-family homes — and real estate moguls are smiling. Should you jump in?

    It's Not a Good Time to Buy a Home—Anywhere – Bloomberg

    It's Not a Good Time to Buy a Home—Anywhere – Bloomberg

    Henrico to help employees buy homes – Richmond – WWBT

    Henrico to help employees buy homes – Richmond – WWBT

    Should I buy a bigger house?

    Should I buy a bigger house?

    Jeff Bezos Is Funding a Real Estate Startup Buying Up Family Homes to Rent – VICE

    Jeff Bezos Is Funding a Real Estate Startup Buying Up Family Homes to Rent – VICE

  • Selling a Home
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    Top Amazon Product Categories in 2024

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    How To Sell A Home On Zillow

    Luxury Cruise: Ohio woman sells home for $32,000 luxury cruise that got cancelled

    Luxury Cruise: Ohio woman sells home for $32,000 luxury cruise that got cancelled

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    Real Estate Logic – Selling your home in the winter

    I’m Selling My Home and Netting $750k to Downsize for Retirement. Do I Have to Pay Capital Gains Taxes?

    I’m Selling My Home and Netting $750k to Downsize for Retirement. Do I Have to Pay Capital Gains Taxes?

    What are homes selling for in Evansville and Vanderburgh County?

    What are homes selling for in Evansville and Vanderburgh County?

    Steve and Carmen Davidson sell Bellevue Hill mansion in Sydney for $38 million

    Steve and Carmen Davidson sell Bellevue Hill mansion in Sydney for $38 million

    Bristol County median home prices increased 16.4% from Nov. 2022

    Bristol County median home prices increased 16.4% from Nov. 2022

    Real Estate titan ‘anxious’ ahead of family home sale

    Real Estate titan ‘anxious’ ahead of family home sale

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Home Buying a Home

Is your Smart Home product being shutdown? Just buy the company!

PrR by PrR
2022-06-12
in Buying a Home
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Is your Smart Home product being shutdown? Just buy the company!
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With Smart Home products connecting to the cloud, if a company decides to end support for a product or is required to close due to final troubles, there are few courses of action. The easiest one is to give up, and switch to another brand, or promise yourself you’ll never use one of those “Internet of Shit” products. The second one is quite more time-consuming and you’d have to work with the community to reverse-engineering the product and give it a second life, but obviously, this does not solve the supply issue since the product will not be manufactured anymore. Today, I learn about a third one: simply gather a small group of users, and buy the company!

That’s basically the story of Smartlabs’ Insteon Smart Home products. Smartlabs was in bankruptcy proceedings. its cloud turned off, and products not working since April 14. Some members of Home Assistant community worked on Insteon integration with the open-source home automation framework to help people keep on using their powerline nodes, USB adapters, and hubs. Companies in bankruptcy will usually try to find buyers, but in this case, it appears a small group of (well-off) existing Insteon users decided to gather the funds to buy what’s left of the company, with many of the services already restored.

users buy Insteon smart home company

Here’s the announcement on Insteon website:

We are a small group of passionate Insteon users that have successfully acquired Insteon. Like many of you, our homes are powered by Insteon’s amazing dual-mesh technology and highly configurable products.

Most of you discovered that the Insteon Hubs began coming back online. Our first priority was getting the hubs online immediately before we had access to this site, the email service provider, social accounts, etc. Every day more customers were giving up hope so it was critical to get that restored as soon as possible. We are aware not all functions are back online but we are actively working on it. We hope you understand this urgency and appreciate your patience.

Going forward we are committed to responsibly re-building the Insteon business. Our commitment to you, as part of the Insteon family, is to listen, communicate and be as transparent as possible in everything we do.

Please stay tuned for updates here as well as on twitter, facebook, reddit and elsewhere. If you are an Insteon Hub account holder, look for an email in the coming days.

Thank you all for your patience. We look forward to sharing this new journey with you.

Best regards,
Ken Fairbanks
CEO, Insteon Technologies

According to his LinkedIn profile, the new CEO is a member of an investment committee that manages a family of seed-stage venture capital funds that provides startup funding for promising new Southern California ventures”, so it might have helped with getting the funds, although I’m not sure that specific committee was involved in the purchase of Insteon. One way Insteon will become a self-sustainable business is through a yearly subscription fee ($39.95), and indeed I’ve seen many products that fail over time to the lack of recurring revenues. Some IoT and Smart Home companies expect new hardware sales will sustain the business, but as the company grows maintaining cloud architecture becomes unsustainable. The best might be to offer free and paid tiers for more advanced features, as some users may not be happy with having to suddenly pay a yearly fee.

Via MisterTechBlog

jean-luc aufranc cnxsoft

Jean-Luc started CNX Software in 2010 as a part-time endeavor, before quitting his job as a software engineering manager, and starting to write daily news, and reviews full time later in 2011.





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