#CREtech Picks: Week of 8/18/17

Facebook to build $750 million data center in New Albany

News - Cleveland Real Time News

Facebook will build a $750 million data center in the tony northeast Columbus suburb. At an announcement Tuesday, the social media giant said it will house thousands of servers enabling users to post photos, videos, 360-degree photos and even virtual reality content.

Real Estate Tech Investors Are Scrambling For A Piece Of The Industry’s Multitrillion-Dollar Pie

News - Bisnow

Last year, both commercial and residential real estate tech companies raised record funds, with investors pouring $2.6B into tech startups through 235 deals worldwide, according to CBInsights research. Major deals such as Homelinks’ $926M Series B fundraiser and OpenDoor Labs' $210M Series D fundraiser pushed the envelope, boosting VC’s real estate tech investment by 40% in 2016 from the previous year.

Appalled by 'crazy' broker fees, 2 ex-Googlers founded a site they say has saved renters over $1 million

News - Business Insider

Many apartment hunters turn to real estate brokers, who charge a fee of 10% to 20% of annual rent for their services. Slap a 15% broker fee — the industry standard — on top of the $3,500median monthly rent for a one-bedroom apartment in Manhattan, and you're handing over nearly $10,000 right out of the gate, not to mention the security deposit or moving costs. Joinery, an apartment listing marketplace founded by former Google employees Julia Ramsey and Vianney Brandicourt, aims to fix this.

What College Students Taught Us About Predicting Future Tech Trends

Blog - CB Insights

Our summer interns from UPenn and Columbia used the CB Insights platform to analyze emerging trends in real estate tech, blockchain, AI, retail tech, healthcare, and drones.

NKF Tapped for Brooklyn Tech Hub Assignment

News - Commerical Property Executive

The Brooklyn Tech Triangle is among New York City’s leading innovation hubs, and Dumbo Heights is making its latest move to solidify that status.

HomeBeat.Live launches the new “Slack for buildings“

Press Release - The Coup

Similar to Slack® the Berlin start-up HomeBeat.Live provides a powerful communication platform, but in this case dedicated to apartment buildings, enhanced with practical tools to increase transparency & safety.

6 ways empowered agents embrace disruption to drive success

News - Inman

Several events over the past 10 years have significantly changed the real estate landscape. The economy has reached all-time high after the Great Recession. A tech boom introduced new ways of working in real estate, and new consumer expectations. And a new generation of buyers has entered the market, forcing us to rethink the way we do business.

HomeLight Raises $40M in Series B Funding to Become the Leading Destination for Home Sellers

Press Release - PR Newswire

HomeLight, the world’s leading marketplace for connecting home sellers with the best real estate agents, announced today that it has raised $40 million in Series B funding. Silicon Valley-based Menlo Ventures led the round with participation from new investor Citi Ventures, and existing investors Zeev Ventures, SGVC, Crosslink Capital and Innovation Endeavors. HomeLight’s total venture funding since inception in 2012 is now $55 million. Tyler Sosin of Menlo Ventures will join HomeLight's board of directors. Venky Ganesan of Menlo Ventures and Dovi Frances of SGVC will join HomeLight’s board as observers.

Brick & Mortar Buildings, Brokers, Bytes & Blockchain

Blog - Realconnex

Historically, anyone interested in purchasing and or leasing brick & mortar assets, i.e. buildings or #bricks, in a market area sought Beltway Broker Bob for their real estate needs, because “Beltway Broker Bob” scours his market for information. He gathers, hoards and makes calculations. He is the one with all the answers and, naturally, anyone interested in #bricks in his market go to him, business flourishes and returns are realized.

The Content Funnel Adds Drone Coverage and Aerial Photography to its Suite of Marketing Services

Press Release - The Content Funnel

The Content Funnel, the real estate industry’s leading content marketing platform owned by The News Funnel, has expanded their service offerings to include drone coverage and aerial photography. Drone coverage is in addition to The Content Funnel’s other services, including blog writing, social media management, content distribution, ebook/whitepaper creation, video production and more.

WeWork hires former Apple exec to manage software

News - The Real Deal 

WeWork hired former Apple, Google and Spotify executive Shiva Rajaraman to oversee its customer app and other software as chief product officer.

Building an Integrated Tech Network: Managing Data Across Multiple Systems

Blog - VTS

Technology is becoming increasingly important in all aspects of the commercial real estate industry. As that need grows, companies are forced to evolve to stay competitive. From finding the best ways to manage data across numerous systems to deciding whether it’s better to develop solutions in-house or buy from vendors, integrating data systems is a critical task for commercial real estate firms.

Aggressive Investment Activity In Real Estate Tech Space To Beget More Competition

News - Bisnow

Last year, both commercial and residential real estate tech companies raised record funds, with investors pouring $2.6B into tech startups through 235 deals worldwide, according to CBInsights research. 

Real Estate Service Companies Are Leading the Way on Tech Adoption

Blog - Comly Wilson

A convergence of trends is compelling real estate service companies to become drivers of technology adoption across the industry. Whether due to increasing competition, pressure from owners and occupiers or improved technology, major service companies are shedding the “slow to adapt” label that is often associated with commercial real estate.

How Uber, self-driving cars and more are changing real estate

News - Albuquerque Business Journal

A little more than 10 years ago, Lower Merion and a small group of municipalities across the Philadelphia region jumped headfirst into a nationwide sensation.

#CREtech Picks: Week of 8/11/17

Neighborhood-focused startup Nextdoor expands into real estate listings

News - Bizjournals

Neighborhood-focused social network Nextdoor is expanding into real estate listings as the startup ramps up its monetization efforts.

Exclusive: Tech giants push for thousands of housing units in tiny Peninsula city

News - Biz Journals 

Almost three dozen tech companies are pushing for housing at the 684-acre Brisbane Baylands project, one of the region's largest development sites.

Some employees are rumored to hate the open floor plan at Apple's new $5 billion campus

News - Business Insider

Apple employees are moving into Apple Park, the company's new $5 billion headquarters in Cupertino, California. Everything about the so-called spaceship campus has been carefully considered, according to a slew of press features on the office building.

Walmart is taking a direct shot at Amazon and making checkout lanes obsolete

News - Business Insider

Walmart is rolling out a new technology in its stores that enables shoppers to scan and pay for their items without checkout lanes, registers, or cashiers.

Top VC’s in Commercial Real Estate to speak at CRE // Tech in New York on December 7

Press Release - CRE // Tech

Camber Creek, Canaan Partners, Cleveland Avenue, Fifth Wall Ventures, Index Ventures, Moderne Ventures and Navitas Capital will speak at the largest event ever in the CREtech industry at their 2017 conference in New York

What Makes The Future Of #CRE So Special? Nothing, Nothing At All.

Blog - Duke Long

I won’t go into too much detail but the tools and 3D printers alone were enough to make me get all creative and nerdy. Anything and everything was software and technology driven. But during the small impromptu tour, we all stood there and had some sort of collective consensus.As much as the technology dominated everything in front of us the one thing the tech and tools need to function was CREATIVITY.

Project Management Cost Tracking Guide From Honest Buildings

News - Facility Executive Magazine

Honest Buildings, a provider of project management and procurement software built for commercial real estate owners, has released a set of best practice guidelines focused on creating value through project management. The company’s most recent guide, Honest Buildings Inside Track: The Fundamentals of Cost Tracking, is the third in a series.

Five Predictions For The Great Consolidation Of CRE Tech

News - Forbes 

It’s hard to believe that only three years ago the $15 trillion commercial real estate industry had virtually no software support and was vastly underserved by available technology.

Tech activity driving downtown office demand

News - Indianapolis Business Journal

The Indianapolis-area office market continues to show signs of improvement and particularly in the large downtown submarket, where vacancy is steadily shrinking.

Why should real estate agents care about chatbots?

News - Inman

In the past, you could set up an auto-responder with no interactivity, you could get out of bed and handle it yourself — or worse yet, you could do nothing and miss out on the lead entirely.

3 More Ways Amazon is Shaking Everything Up (Thoughts from a CRE Guy Continued)

Blog - Jon Schultz

It wasn’t too long ago that this CRE guy gave his thoughts on Amazon Go and everything that goes with that. But, as quickly as Amazon moves … it’s time to update that blog with, you guessed it, more thoughts.

Real Estate Leaders See Bright Future For Predictive Analytics, Big Data, and Marketing Automation

News - Marketwired

Real estate industry leaders anticipate big opportunities coming from newer technology like Predictive Analytics, Big Data, and Marketing Automation over the next five years, but show lukewarm confidence in Artificial Intelligence, Augmented Realty, and Virtual Realty 3D Tours.

Real Estate Startup zavvie Announces Major Expansion into California

News - Market Wired

Colorado's hottest new real estate tech startup -- zavvie -- today announced a major expansion into America's largest real estate market, California, during the nation's largest real estate technology conference, Inman Connect, with some 4,000 people in attendance at the San Francisco Hilton. 

Real Estate Crowdfunding Platforms Continue to Gain Traction

News - NREI

Crowdfunding platforms have logged some impressive growth numbers in the past four years and the industry is poised for more expansion.

#CREtech Exhibitors: LEVERTON

Blog - Real Estate Tech News

In 2012, the LEVERTON team started to leverage Deep Learning technology to build a smart data platform. Their aim was to support the tedious, yet crucial process of extracting legally binding information from corporate documents. Since then their platform has evolved into a powerful system for managing data and documents.

Walgreens Exec Shares 5 Winning Customer Experience Strategies

Blog - Regency Centers

Known for its motto, “at the corner of happy and healthy,” Walgreens not only talks the talk, but walks the walk with decades of exceptional customer service that continues to translate into high customer loyalty and company growth.

In its push to compete in Southeast Asia, WeWork is pouring $500 million into the region

News - TechCrunch

Less than two weeks ago, WeWork took the wraps off a new massive round of funding — $500 million from the Chinese private equity firm Hony Capital, the Japanese internet giant SoftBank, Greenland Holdings, and China Oceanwide.

Peter Thiel’s fund just invested in this NYC rental insurance startup

News - The Real Deal 

New York-based rental insurance startup Jetty raised $11.5 million in a Series A funding round led by Peter Thiel’s Valar Ventures, the company announced Tuesday. The firm’s seed-round investors Ribbit Capital, SV Angel, Box Group and RedSwan also participated in the latest round.

#CREtech Picks: Week of 8/4/17

Women in CRE tech: 3 questions with our Director of People Ops
Blog - Apto

We recently interviewed Heidi Burkhart, president and owner of New York brokerage firm Dane Real Estate, on how she’s succeeded in commercial real estate, a historically male-dominated industry. And with recent news about gender discrimination and harassmentrunning rampant in Silicon Valley and beyond, this got me thinking about similar challenges we face in the technology industry with gender diversity (and diversity in general).  

Leading Law Firm Cole Schotz P.C. Joins CRE // Tech as Ally Sponsor

Press Release - CRE // Tech

CRE // Tech announced that Cole Schotz P.C. is now an exclusive Law Firm Ally Sponsor of the leading event and content platform devoted to the commercial real estate industry.

3 products to help you prospect, get paid, and be productive anywhere

Blog - Apto

Hopefully you read this blog because you trust us to provide important industry news, best practices, and other tips and trends. But we’d remiss if we didn’t occasionally tell you what’s new at Apto. And there’s been a lot this year! We’ve been hard at work in our effort to bring you more features and products that will make your life as a commercial real estate broker much easier.

4 Big Trends That Will Shape CRE: A Futurist’s Guide

Blog - Commercial Property Executive

Volvo’s surprise announcement that it will phase out the internal combustion engine by 2019 should be a wake-up call across industries that disruptive technology is already impacting short-term business planning. Anticipating how the economy and human behavior will be reshaped in the years ahead is an important exercise that should inform business leaders’ decisions and help position their businesses to more readily adapt to the future.  

AI in Building Management: Here Come the Smart Buildings

Blog - Colliers Knowledge Leader

Moore’s Law states that the number of transistors on one square inch of integrated circuit will double every year. Recently, I thought of this 1965 observation by Gordon Moore about the exponential speed of technology advancement when considering the root of several developments in the real estate industry. Everything from phone-home dumpsters to app-based working is the result of exponential digital growth.

Apps are dead. Ecosystems are alive!

Blog - theBrokerList

When thinking about how many one-off tech sites struggle to get attention and adoption within the commercial real estate sector, I would often just tell my fellow startup entrepreneurs this: It’s because the industry is slow to embrace tech! I think that was true for a long time, and is still largely the case. But I am starting to realize it’s actually less about that. It is simply the way people work today.

Autonomous Cars Will Be Synonymous with Arizona

Blog - Cushman & Wakefield

Uber and Google self-driving cars are taking over Tempe, but don’t be surprised when Arizona becomes the testing ground for autonomous cars and possibly trucks. But why Arizona, why not rivals San Francisco who is known for tech or Pittsburgh who is leading the charge in robotics or Detroit the heart of automotive manufacturing? The answer… decreased regulations, great weather, grid system roadways and affordability; this is what sets Arizona a part from the rest.

Bitcoin server hacked: what that means for the future of Blockchain in CRE

Buildout- Blog

We’ve talked before about the virtual currency bitcoin and blockchain, the distributed ledger on which bitcoin transactions are managed. These technologies matter for you because many CRE professionals view blockchain as a future platform for title management, smart contracts and secure transactions.

Build or Buy? Construction Tech Vs. Real Estate Tech Startup Deal Activity

Blog - CB Insights

As two interrelated and under-digitized industries, real estate tech and construction tech have both seen unprecedented levels of deal and funding activity in recent years as startups apply new technologies to formerly “pen and pencil” sectors.

Etsy's Painful Lesson: It's a Retailer, Not a Tech Startup

News - Wall Street Journal

Two years after its much-hyped IPO, Etsy Inc. finds itself in a predicament familiar to the rest of the retail industry: sales are slowing and investors are frustrated. The online marketplace for handmade and vintage goods, which calls itself a “sophisticated technology platform” and says it treats “code as craft,” is now under pressure to stop spending like a tech startup and start acting like a retailer.

It's not Zillow that Redfin's gunning for

News - The Real Deal

The CEO of Redfin, which made its Wall Street debut last week, says its biggest rival isn’t real estate tech giant Zillow. “It’s Century 21, it’s RE/MAX, it’s Keller Williams, it’s these established brokerages that have been around for a long time,” Glenn Kelman told Bloomberg. “It’s going to be a tough fight, but we’re in it for the long haul.”

More media companies are fleeing Midtown for techy downtown digs

News - New York Post

There are many reasons for tenants, especially in the TAMI (technology, advertising, media and information) sector, to head to the FiDi/World Trade Center area — among them, lower rents and proximity to young creative types who live in the area and in nearby Brooklyn and New Jersey.

NAR CEO Bob Goldberg readies to ‘embrace disruption' on his first day

News - Inman

Today is Bob Goldberg's first day as CEO of the National Association of Realtors, and he wants the trade group's 1.2 million members to know his tenure is not going to mean business as usual. In public statements so far, as well as a video published today, both NAR and Goldberg seem acutely aware of the skepticism among some in the real estate industry that Goldberg's selection as CEO could mean maintaining the status quo, continuing the trade group's reputation in some quarters of being slow-moving, stodgy and resistant to technological innovation.

Podcast #145 Riggs Kubiak CEO Honest Buildings.

Blog - Duke Long

Why does Honest Building exist? To accelerate urban progress by empowering collaborative, data-driven decision making, project by project, building by building, city by city. What is it that Honest Buildings brings to the commercial real estate world? It’s more than an intuitive, cloud-based technology – it’s a paperless system of record built specifically for, and in partnership with, today’s most innovative real estate owners, project managers, and operators.

Driven By AI, Funding To In-Store Tech Startups Spikes

Blog - CB Insights

At the current investment rate, startups providing tech to optimize brick-and-mortar retail could raise over $1B in 2017.

PointGrab and Mapiq Partner to Provide Smart Building Tools to Help Organizations Work Smarter

News - Business Wire

PointGrab, developer of the CogniPointTM human-activity sensing platform, today announced a partnership with Mapiq, which creates connections between people and buildings to provide flexible workplaces. By integrating CogniPoint with Mapiq’s space management and utilization software the companies will deliver real-time building intelligence that allows organizations to work smarter and more efficiently.

#CREtech Picks: Week of 7/28/17

TH Real Estate Achieves Wired Certification for 16 Buildings in New York City and Boston 

News - WiredScore

WiredScore, the company behind the world’s leading rating system for technological capacity in commercial buildings, and TH Real Estate,  an affiliate of Nuveen (the investment management arm of TIAA) announced today that TH Real Estate has achieved Wired Certification for its 16-building office portfolio in the New York City and Boston areas. This achievement totals 5,377,000 square feet of Wired Certified commercial space in two highly competitive markets.

Your Apartment Building’s Emergency Plan Needs Mobile Communication

Blog - Real Estate Tech News

Tenants typically prefer to be left alone, but when they want to contact a property manager, they expect easy and instant communication. Conversely, property managers want to ensure tenants are adequately informed at all times about everything from overdue rent to scheduled building maintenance. Utilizing an effective mobile communication system is essential in buildings as a part of daily operations. 

3 Ways the Smart City Will Change Real Estate

NAI Global - Blog

The term smart city is becoming a bigger part of real estate lingo – but what is the meaning behind it? Moreover, how will smart cities make themselves felt in the current and future real estate markets? Let’s look at three ways in which the smart-city concept is set to resonate throughout the industry.
Amazon is thinking about using its delivery drones to scan your house to sell you more stuff (AMZN)

News - Business Insider

Amazon's ambitions to build a fleet of self-flying delivery drones will have an interesting side-effect: They will create unimaginable quantities of data.

Blockchain technology and its unfulfilled CRE potential

Blog - theBrokerList

Blockchain is on everyone’s mind. And for CRE professionals, there’s some concern about disintermediation. Should you be worried? Excited? Here’s a primer for how blockchain technology will and won’t affect you.

CRE Opinion: Time, Technology, and Building the Future City

News - D Magazine

There is an excellent saying floating out there, something to the effect of, “We overestimate how much we can accomplish in the short term, and underestimate how much we can accomplish in the long term.” We can expect great shifts in society multiple times within a generation, whether or not we are ready for it.

Economy Watch: Bay Area a Top Market for Tech Talent

News - Commercial Property Executive

While tech workers account for just 3.5 percent of total workers in the U.S., the small labor force has an outsized impact on the real estate market and national economy, and it's growing, according to a recent CBRE report.

#LetsGetSmart – A Data-Driven Look at the Future of Retail

Blog - theBrokerList

Pamela Flora discussed various trends in retail that her research has uncovered during her #LetsGetSmart17 talk at ICSC RECon. As the director of research at Cushman and Wakefield, a global real estate services firm, her work involves conducting general research that identifies trends in retail and publishing analyses of this information.

Netflix Just Changed Everything... and Here's Why

Blog - Jonathan Schultz

Did you ever read those “choose your own adventure” books when you were a child? I always loved the fact that I was able to exercise some control over the fate of my favorite character just by turning to a certain page. Well, if you did love those kinds of books then I have some good news for you: Netflix is taking that concept and bringing it to the television.

Nextdoor rolling out agent ads, property listings

News - Inman

Nextdoor, a social network that covers more than 100,000 U.S. neighborhoods, is rolling out a listing search tool and allowing agents to buy ads on the site in a handful of markets. The new features will offer yet another pay-to-play pathway for real estate agents to new business and mark the latest push by a tech heavyweight into the industry, coming on the heels of signs that Amazon is preparing an agent referral service.

Podcast #144 Stephen King CEO Rexmls.com

Blog - Duke Long

What is rexmls.com? Who is this guy Stephen King anyway? He wants to create a multi-layered real estate protocol that will connect landlords, brokers, buyers, and sellers over a worldwide decentralized network while later giving them the ability to transact.

San Marcos Coworking and How Big Tech Empowers Small Town America

Liquidspace - Blog

San Marcos, Texas is no stranger to growth, change, and history. Sandwiched between Austin and San Antonio, San Marcos does not lay in the shadow of the big cities. It glistens and shines just as the mesmerizing waters of the spring-fed river, which runs through the town.
Square Feet: Shared Work Spaces Spread, Mixing Styles and Services

News - New York Times

When his youngest child left for college, Lee Rosen decided that he and his co-workers could operate his family law firm from their homes around Raleigh, N.C., saving $35,000 a month in rent. Lawyers started writing briefs from their kitchen tables and the local library. Where they worked didn’t matter — except for one thing.

Smart Technology Is Coming To A City Near You

News - Bisnow

Within the next 20 years, major U.S. cities will use technology to track traffic congestion, monitor air quality, expand broadband access and provide more convenient parking options. Cities are working with private companies and other organizations to deploy technology to become more competitive in the global economy.

This Buffalo-based startup builds virtual offices for remote teams

News - Bizjournals

Walkabout Office has raised $375,000 to back the development and marketing of its virtual office software. 
Wal-Mart Company, Startup Latch Pitch NYC Landlords with Systems for Easier Delivery

News - Fox Business

Jet.com Inc., the online retailer owned by Wal-Mart Stores Inc., and real-estate technology startup Latch are aiming to expand their reach by offering a free system to New York City landlords to potentially make shopping online easier for tenants in nondoorman buildings.

#CREtech Picks: Week of 7/21/17

How Uber, self-driving cars and more are changing real estate

News - Albuquerque Journal

A little more than 10 years ago, Lower Merion and a small group of municipalities across the Philadelphia region jumped headfirst into a nationwide sensation. Cities and towns across the U.S. were excitedly clamoring to be the next to build a “transit-oriented development” — a rapidly popularized mixed-use concept that combined dense housing, retail space, offices, and more within a walkable community steps from major transit lines.

Robots Take Over Retail Jobs

News - Wall Street Journal

Last August, a 55-year-old Wal-Mart employee found out her job was being taken over by a robot. Her task was to count cash and track the accuracy of the store’s books from a desk in a windowless backroom. She earned $13 an hour.

In the future, everything’s possible: Here’s what that means for CRE

Blog - Apto

Before digital spreadsheets, it would take a bookkeeper an entire day to calculate the impact of changing a single business variable. When VisiCalc appeared on the market in 1979, suddenly people could get those calculations instantly.

Do Or Die: Cities Face Falling Behind If They Don’t Implement Digital Infrastructure

News - Bisnow

Smart technology is changing how cities are run, how residents live and how businesses attract employees. For the last decade, cities have been building high-speed internet and using digital technology to expand city services.

3D Tech In CRE Is Just A Gimmick, Unless Paired With This Service

News - Bisnow

Ever since "Back to the Future, Part II" premiered in 1989, we have been waiting for hoverboards and wearables to enter our everyday life. It may not be exactly how we imagined, but the future is finally here.

Resource preview: Why you should pay attention to the Internet of Things

Blog - Buildout

The ecosystem of everyday objects embedded with computing devices (also known as the Internet of Things) is growing rapidly. Soon, every item we interact with in our daily lives could be controlled through another device. But why does that matter?

Top Tech Cities Research: Looking Ahead

Blog - Cushman & Wakefield

What better way to launch our new Tech Cities series than with a ranked list? A data-driven snapshot that provides order while simultaneously promising that change is coming. Nothing stays #1 forever, and during the journey we can cheer and jeer the results.

Podcast #143 Richard Sarkis CEO Reonomy.

Blog - Duke Long

Take a deep dive into one of the original #CRE #Tech Companies. What is quality data for #CRE? What are the problems associated with that data? Take a journey from idea to concept to a viable product. What does it take to create a company and raise millions of dollars in the big city of New York?

CRE//Tech, Me, LA and Driverless Cars

Blog - Neuerspace

If you read my blog on a regular basis, you know I am obsessed with the idea of driverless cars. I have frequently said that I will be among the first to own one when they become available, and my hope is that my children will never need a driver’s license.

How technology is helping restaurants connect with guests
Blog - JLL Real Views

From touch-screen tables to chatbots taking orders, food retailers are experimenting with technology to attract customers. Domino’s is trialing delivery by drone in Australia, while restaurant chains including Itsu, Bill’s and the Cheesecake Factory are letting customers pay via their mobile phones.

3 Things We Should Learn About Integration

Blog - Jonathan Schultz

Remember back in the old days when job positions were more specialized? Managers and data entry clerks rarely performed the same daily tasks at work – before cross-training became the biggest buzzword in HR, that is.

Is Your Grocery List Digital? These 7 Apps Can Help You Get There

Blog - Regency Centers

Knowing how shoppers shop can be a great opportunity for retailers to provide helps for making grocery shopping easy and enjoyable. One of the ways grocers can aid shoppers is to streamline visits with the use of grocery list apps. The top apps available for both iOS and android range from free to paid subscriptions. Functionality can be as simplistic as manually creating a list similar to handwritten ones or supercharged as auto-creating lists based on real-time tracking of household inventory. Many grocery list apps also offer in-app ads, through which retailers might consider running promotions.

Technology and the Future of Office Space

Blog - Reoptimizer

Our mobile devices, computers, automobiles and household electronics and appliances are constantly evolving as technology continues to advance and open the door to new features and functionality. The lighting fast advancement of tech is also impacting the business world in new and exciting ways. New technologies are even shaping commercial real estate, setting the stage for office spaces that are more advanced than ever before.

Jet.com is installing Latch access systems in 1,000 NYC apartment buildings for easier deliveries

News - TechCrunch

Jet, the online retailer bought by Walmart last year, has struck a deal with smart access provider Latch in an effort to make deliveries easier for its customers in urban areas. Over 100,000 residents living in 1,000 buildings will get free and full access to Latch’s residential “R” system for the exterior door of their building, with the install paid for by a “joint investment” from Jet and Latch.

Other Than Social Media, How Often Do You Use Apps For Business?

Blog - theBrokerList

I was on a conference call yesterday with Linda Day Harrison from The Broker List, Howard Kline from CRE Radio & TV, Kateri Osborne from The News Funnel and CRE//Tech, and Zach Watkins from RealMassive. Linda asked me the question, why did I decide to pivot QuantumListing away from being an app only to being an app and website. My answer was that most people don’t want to do data entry on their phone.  

Commercial Real Estate Platform Truss and Immersive Media Technology Company Matterport Partner to Improve the Office Search Process

Press Release - Truss

Today Commercial Real Estate (CRE) platform Truss and immersive media and virtual reality (VR) pioneer Matterport announced their partnership to provide commercial tenants with a completely new form of immersive 3D media when touring office spaces remotely on the Truss platform. With Matterport’s state of the art technology, Truss customers will be able to experience full 3D models of properties and understand exactly what it’s like to be inside a space. 

TH Real Estate Achieves Wired Certification for 16 Buildings in New York City and Boston

Press Release - WiredScore

WiredScore, the company behind the world’s leading rating system for technological capacity in commercial buildings, and TH Real Estate,  an affiliate of Nuveen (the investment management arm of TIAA) announced today that TH Real Estate has achieved Wired Certification for its 16-building office portfolio in the New York City and Boston areas.

#CREtech Picks: Week of 7/14/17

The Next Job Humans Lose to Robots: Real Estate Appraiser

News - Bloomberg

Twenty-five years ago, Brian Weaver was told at a seminar that the real estate appraisal profession would be killed off by technology in five years. It didn’t happen. But he now thinks the forecast wasn’t exactly wrong—just early.

10 Sales Productivity Apps You Will Actually Want to Use

Blog - Digsy

With targets and deadlines to beat, salespeople are always on the run to meet clients, do presentations, or attend a training session. Therefore, mobile access to company software and sales tools is a necessity for their productivity.

Podcast #142 Keith Kleinmaier CEO Tenant Tracker.

Blog - Duke Long

Deep roots in both #CRE and #Tech. Operations, ownership, management. Workflow. Productivity. Is it just tech for the sake of tech?

Why Technology Adoption Is Key To Transforming Real Estate

News - Forbes

The real estate industry is not well-known for technology adoption. For too many years, the 2 million real estate agents in the U.S. have relied on a disparate set of more than 250 third-party technology tools — none of which are integrated, creating more work, not less.

Data Science: Big Money and Big Data

Blog - Jonathan Schultz

Big data, a profession once referred to as “sexy” by the Harvard Business Review, is believed to be the next big thing to disrupt commercial real estate. While some may argue that real estate has taken a more conservative approach to the data-driven model than other industries, things are starting to pick up in the field. 
#CREtech Exhibitors: GeoCV

Blog - Real Estate Tech News

GeoCV enables everyone the ability to capture and share reality in volumetric 3D, using your phone. Their 3D viewer for web, mobile, and virtual reality showcases photorealistic visualizations with smooth navigation. Founded by 3D computer vision experts with 12 years of experience in the field, GeoCV has developed an advanced automated solution for producing the full marketing suite of 3D virtual tours, photography and floor plans at the highest quality, all at an affordable price.

4 Tech Trends Shaping CRE

Blog  - Lee & Associates

As the world becomes more connected, there are four huge technology trends that will affect just about everything we do. From the internet of things (IoT) to virtual reality (VR), new technologies are changing behavior and providing new ways to create, manage and solve. These same trends are also changing the CRE paradigm with potential to change the way commercial real estate is owned, bought, marketed, analyzed, planned, and occupied.

Apple unveils smart home experiences in its retail stores worldwide

News - TechCrunch

Unless you’ve had a chance to try some Apple HomeKit products in someone’s home or apartment, it can be hard to understand how it all works. In order to help with that, Apple has unveiled interactive HomeKit experiences in 46 of its retail stores worldwide.

ProspectNow Launches Predictive Digital Marketing Platform

Blog - Real Estate Tech News

The competition is fierce amongst lenders and real estate agents to land and close customers. In the drive to generate leads, lenders and agents tend to "blanket" advertise, or spend money on marketing tactics reaching customers not ready for their services. Talk about wasting money! Stop marketing to owners who aren’t ready to refinance or sell.

Real estate venture firm Fifth Wall launches an early stage accelerator

News - TechCrunch

The venture capital firm Fifth Wall, an investor in construction and real-estate focused startups that is backed by some of the country’s largest real estate companies, is expanding into early stage investing with the launch of a new accelerator program.

Website Debuts to Buy Commercial Real Estate Online

Blog - theBrokerList

Atlanta based commercial real estate asset and occupancy services firm Bull Realty, Inc has created a new website to buy commercial properties, apartments, and land online. Users can see available properties and execute purchase offers online with DocuSign, right on the website. For properties with more sensitive documents, users can sign confidentiality agreements online.

Regus to launch Spaces co-working concept in Manhattan, at the Helmsley Building

News - The Real Deal

Regus plans to launch its co-working concept Spaces in Manhattan at RXR Realty’s Helmsley Building, where the executive-suites company recently inked a 55,000-square-foot renewal.

Why Redfin’s IPO matters so much to other real estate tech companies

News - The Real Deal

When it launched in 2004, online real estate brokerage Redfin blazed a trail for companies such as Findwell, Compass, TripleMint, ZipRealty and LG Fairmont. But while it’s been expanding steadily and increasing revenues — it was involved in the sale of 75,000 homes worth more than $40 billion since its launch through the end of 2016 — the company is still far from profitable.

CrediFi enables real time streaming of real estate deal and client data directly into Salesforce

Press Release - PR Newswire

CrediFi Corp., the premier market intelligence and deal discovery engine for commercial real estate (CRE) finance, has announced the launch of a new solution that seamlessly streams CrediFi data into the Salesforce® CRM platform with the click of a button.

Ripe for Disruption: How Open Architecture APIs Could Revolutionize the Real Estate Industry

Blog - Real Estate Tech News

Open architecture application programming interfaces (commonly referred to as APIs), make many of the apps and websites we use daily possible. Twenty years ago, the airline industry took the lead in developing an API for accessing flight reservation data. Household names such as Facebook, Google Maps, Twitter, YouTube, LinkedIn, Flickr, and Pinterest all utilize open architecture for various sharing features.

Travtus Analyzes Your Property’s Health

Blog - Real Estate Tech News

Tenants are the greatest source of information for a property manager. They report issues and status of your asset better than any inspection. But this information is often lost in the reactive nature of managing repairs. Property managers juggle full plates. It's easy to fall behind when dealing with tenants, scheduling maintenance, handling amenities, and collecting rent. Often we have patterns being reported that we can’t see.

#CREtech Picks: Week of 7/7/17

Xceligent countersues larger rival CoStar

News - Bizjournals

Blue Springs-based Xceligent, the target of a lawsuit by The CoStar Group, has filed a countersuit arguing that its larger commercial property listing rival has created a monopoly and engaged in anticompetitive behavior for years.

Duke Long’s Updated 2017 Top 150 Commercial Real Estate People You Must Connect With On LinkedIn.

Blog - Duke Long

Advertising’s Integration Transformation

Blog - Cushman & Wakefield

The television series Mad Men portrayed the “golden age” of advertising, but frankly Don Draper would be lost in a contemporary agency. Sure, there would still be coffee service and even spirits on occasion, but Don could look high and low for the typography department, typing pool, even the studio—formerly the heart and soul of an ad agency—and he’d be stumped.

Walmart installing automated vending machines for online order pickup

News - Chain Store Age

Walmart continues to explore new ways to make it easier for customers to pick up goods purchased online. The discounter is expanding its deployment of a giant self-service kiosk, which it calls a Pickup Tower, that spits out online orders to users of Walmart's buy-online-pickup-in-store service.

Five Places U.S. Employers Are Finding New Tech Talent

News - Urban Land

High salaries, low unemployment, and a lack of cheap housing and office space have driven some companies to look beyond the traditional San Francisco–San Jose corridor for talent and office space. While other large U.S. cities have their own tech and venture capital ecosystems, unemployment and affordability are often comparable.

From 320,000 Properties to 47 Million: What I Learned From Successfully Scaling a National Commercial Real Estate Data Platform

News - Entrepreneur

Every entrepreneur can pinpoint his or her “eureka” moment -- the first time the big ideas came together to form what could potentially become a cohesive business concept. 

Office technology: Is seamless human computer interaction the secret to workplace productivity?

Blog - The Broker List

Offices have come a long way since typewriters and rotary phones. The rise of the Internet transformed the work environment, and now, integration across platforms is making workplace productivity even better. However, this is just beginning of what’s coming for office technology.

Meet the RE Tech Founder: Rod Smith from Realtor Profiler

Blog - Geek Estate

In our latest real estate tech entrepreneur interview, we’re speaking with the founder and CEO of Realtor Profiler, Rod Smith.

May I cut in? StreetEasy rivals see opportunity amid NYC listings fight

News - The Real Deal

Late last week, representatives for Apartments.com, a subsidiary of real estate tech giant CoStar Group, began reaching out to executives at some of the city’s largest residential brokerages.

The Latest on the State of Social Media Marketing

Blog - The Content Funnel

Surprise! Over half of content marketers are planning to use video marketing in the next year. Okay, maybe that number isn’t that much of a surprise for content pros in the know, but it is one of the insights in the 2017 Social Media Marketing Industry Report by the Social Media Examiner.

Why mobile ordering is the next big thing for retailers

News - JLL

As more people turn to their mobile phones to order food and drinks on the go, retailers are adapting their stores and operations to meet growing demand.

Manhattan's Cool Tech Neighborhoods Come of Age

News - Fox Business

Technology companies have transformed Manhattan's Midtown South neighborhoods such as the Flatiron District, Chelsea and SoHo into the cool office locale. These days, other sectors are ramping up their presence.

Meet the RE Tech Founder: Justin Shum from AskAvenue

Blog - Geek Estate

In our latest real estate tech entrepreneur interview, we’re speaking with the CEO of AskAvenue, Justin Shum. I certainly agree there is an opportunity to improve consumer-agent communication via chat (and give control back to the consumer in the process). 

New feature alert: Apto Mobile now with Listings

Blog - Apto

A few months ago, we made it easier for our customers to take their brokerage platform with them anywhere. Apto Mobile was designed to optimize the tasks commercial real estate brokers need to complete when they’re away from their desks—giving them their to-do list, properties, and contact information. Now, brokers can access listings on the go, as well.

#CREtech Picks: Week of 6/30/17

Douglas Elliman Launches Third New App For Agents

Press Release - PR Newswire

Douglas Elliman Real Estate, the #1 real estate brokerage in NYC and #4 nationwide, is proud to introduce the Douglas Elliman Mobile App for Consumers and Agents, personalized with names, individual photos and Douglas Elliman company branding. The app, which works with both Apple and Android phones and tablets, is expected to increase both leads and referrals by enhancing the business of Elliman agents and benefiting firm clients.

Introducing the Fifth Wall Podcast  

Blog - Fifth Wall

Several weeks ago, Fifth Wall decided to give a trial run to a tried-and-true concept: the podcast. We interviewed Ari Mir & Brian Thomas, co-founders of Clutter — one of our Fifth Wall portfolio companies that is leading a transformative approach to self-storage (if their $64 million Series C round earlier this month led by Sequoia Capital, Atomico, Google...

How the Internet of Things will change city CRE and a broker’s job description

Blog - Buildout

The Internet of Things (IoT) is a popular buzzword across industries. McKinsey characterizes the IoT as sensors and actuators embedded in physical objects and linked through wired and wireless networks, often using the same Internet Protocol (IP) that connects the Internet.

How To Get the Most Out of a Digital Building Directory System

Blog - Real Estate Tech News

Considering adding a digital directory to your building lobby? Digital directories are a great investment–they'll enable you to display property rental and listing information and communicate important announcements and information with building visitors through a medium that 76% of respondents to a Neilsen survey said has higher message recall than online ads.

Tech Is Booming, But Lack Of Affordability Is Pushing Everyone Else Out, CRE Experts Say

News - Bisnow

It is no secret Bay Area housing prices are expensive. Recent data revealed three counties now have average housing prices above $1M. Housing dynamics remain strong, but a lack of affordability could be a problem in the long run. And rents and pricing do not appear to be heading downward any time soon.

Cloudflare launches app development platform, announces $100M investment fund

News - Tech Crunch

Cloudflare launched a brand new app development platform today called Cloudflare Apps, and announced the $100 million Cloudflare Developer Fund, started by its investors to back some of the better ideas.

Early-Stage Real Estate Tech: 120+ Companies Building The Industry’s Future

Blog - CB Insights

Real estate is a massive asset class representing trillions of dollars in value. To date, the industry has not been thoroughly affected by technology and software, but investment from venture capital investors into technology startups operating in the space reached new levels in 2016. 

Tech 1.0 Report Generates Plethora of National Media Attention; Ranks Top 25 Tech Cities

Blog - Cushman & Wakefield 

Cushman & Wakefield’s Principal Economist Ken McCarthy and Regional Director, Northwest U.S. Robert Sammons have co-authored an in depth research report ranking the top 25 tech cities in the country. The report has been covered widely by top tier press, as well as online tech and business publications. Scroll down for press coverage.

Three Key Trends in CRE Marketing

Blog - theBrokerList

When it comes to CRE marketing we have been doing the same things for a long time, but technology is adding a new spin to three principle tasks. Unlike selling widgets, CRE marketing has three major stages, each with its own set of strategies and tactics. First, you need to win business. That means getting hired by a property owner. Then you need to promote the asset to generate leads, and finally you need to convert leads into transactions.

The NYC Urban Tech Ecosystem

Blog - DreamIt

Since launching our venture accelerator focused on scaling "urban tech" startups, our team at Dreamit UrbanTech has met with over 500 founders building products that solve pressing problems for cities and their inhabitants. We have also built relationships with dozens of larger organizations that work with or support these fledgling companies. 

Other Than Social Media, How Often Do You Use Apps For Business?

Blog - QuantumListing

I was on a conference call yesterday with Linda Day Harrison from The Broker List, Howard Kline from CRE Radio & TV, Kateri Osborne from The News Funnel and CRE//Tech, and Zach Watkins from RealMassive. Linda asked me the question, why did I decide to pivot QuantumListing away from being an app only to being an app and website. My answer was that most people don’t want to do data entry on their phone. 

PropTech investors bullish as appetite grows for innovation

News - Real Estate Weekly

CBRE’s acquisition of 3-D startup Floored and Blackstoneʼs purchase this month of a slice of London-based temporary workspace business The Office Group are two huge benchmarks of the growing appetite for PropTech innovation by real estate owners, according to industry accelerator MetaProp NYC.

#CREtech Exhibitors: Integrated Business Systems (IBS)

Blog - Real Estate Tech News

As a boutique business technology solutions firm, IBS provides an intensely customer-focused experience centered on helping clients keep their systems current and create competitive advantage.