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NEWS

  • In the Office of Tomorrow, Tech Takes a Load Off—but Watch Out for Weight Gain

    WSJ 1/24/19

    SHENZHEN, China—Tech giant Tencent Holdings Ltd.’s new twin-tower headquarters in this southern megacity offers a glimpse into the future of office life, a future where China is pulling ahead in the race for innovative workspaces. Tencent—a company best known for developing WeChat , the social-networking mobile app with over a... Read more

  • ‘Boutique’ Co-Working Spaces Find a Niche Nurturing Small Businesses

    NY TIMES 1/24/19

    In a refurbished Salvation Army building in downtown Lincoln, Neb., Bob Hinrichs runs a co-working space for about 150 people. The workers are not allowed to bring in their dogs, and they don’t curl up in beanbag chairs. But they are encouraged to collaborate with one another and with the... Read more

  • CrediFi Announces Total Capital Raised Surpasses $29 million

    CrediFi 1/24/19

    Additional $6 million in funding follows a successful Series B round of $13 million raised    NEW YORK, January 23, CrediFi, the leading source for data and analytics for commercial real estate finance, announced today it has raised an additional $6 million in funding. This comes on the heels of the $13 million previously raised in... Read more

  • Virtual Reality Can Bolster Energy Efficiency

    FACILITIES NET 1/23/19

    People need people, even when they're fake people. Researchers at the University of Southern California found that avatarsrepresenting a facilities management team member had much better success promoting energy efficient behavior in occupants than avatars that represented the building as a persona. And facility managers would do well to remember... Read more

  • From Co-living to Scooters, Here’s What’s Shaping CRE

    CONNECT COMMERCIAL REAL ESTATE 1/23/19

    A new generation entering the workforce and a new coterie of tech-centric markets are among the key trends this year, says Cushman & Wakefield. The emergence of Atlanta, Dallas/Fort Worth and Provo, UT as tech hubs in the making comes in at No. 10 on the firm’s “Top 10 Trends... Read more

  • Real Estate Firms Might Not Understand Blockchain, But That Won’t Stop Them Investing In It

    BISNOW 1/23/19

    2018 was the year PropTech went mainstream: According to a new survey, a majority of real estate companies around the world with assets of more than $250M (£193M) are now directly investing in at least one PropTech firm. Brokers like JLL and CBRE are investing in PropTech companies and investors... Read more

  • How Coworking Affects Asset Values

    CP EXECUTIVE 1/23/19

    A CBRE analysis of recent office building sales found a majority of those with flexible workspaces sold for either more or roughly the same as properties without flex space and also had cap rates lower than national and market averages. The study, which looked at 31 transactions of buildings with... Read more

  • Commercial Escrow Management 2.0

    GLOBEST 1/23/19

    For many organizations — especially property management firms or those who frequently use 1031 exchanges — managing escrow accounts is an essential part of their business, although one that is labor-intensive and time-consuming. Historically, every stage in the escrow process — from opening an account to producing end of year... Read more

  • Resi brokerage that wants to kill the broker raises $45M in Series C

    THE REAL DEAL 1/23/19

    A startup that aims to cut out traditional residential real estate brokers has raised $45 million in its latest funding round. REX, or Real Estate Exchange, announced the Series C funding round Tuesday, bringing its total funding to $75 million since it launched in 2015. The Los Angeles-based startup provides... Read more

  • The most powerful person in Silicon Valley

    FAST COMPANY 1/23/19

    It’s a bright September morning in San Carlos, California, and Masayoshi Son, chairman of SoftBank, is throwing me off schedule. I’d come, as he had, to meet with the people he’s tapped to run the Vision Fund, his $100 billion bet on the future of, well, everything. After almost four... Read more