Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • You can now pay rent and apply for apartments on Zillow as real estate giant expands scope yet again

    GEEKWIRE

    Zillow Group today debuted new features that let people pay rent and apply for apartments through its website, the latest example of the Seattle tech giant’s move to cover a bigger portion of the home rental and sales processes. Landlords can now, through an existing Zillow Rental Manager service, accept applications and rent payments through Zillow. Renters pay a fee of $29 for an application that includes a background check and credit analysis and can be used as many times as they want with…

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  • Here’s why Redfin and Purplebricks shares have been sliding

    THE REAL DEAL

    Investors have soured on Redfin and Purplebricks — at least for now. Shares of both discount brokerages have taken a dive this year, as the broader housing market has posed a challenge. Even as investors and analysts bet on the longer term prospects of the companies, enthusiasm has dimmed in the the current climate. Seattle-based Redfin has slid about 22 percent this year, though it remains above its $15 IPO price. But the main headwind is out of the company’s control: There’s not enough h…

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  • President Donald Trump Touts 4.1 Percent Economic Growth | NBC Nightly News

    NBC NIGHTLY NEWS

    The second quarter growth is the strongest since a 5% quarter in 2014. On Friday, President Trump said, “Once again. We are the economic envy of the entire world”.

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  • WeWork Will Renovate UBS Office in Its Biggest Design Deal

    BLOOMBERG

    The co-working startup is moving to reduce expensive office leases and instead help companies redesign and run spaces they already inhabit. UBS Group AG decided last year that its 30-year-old wealth management office overlooking the Hudson River needed a fresh look. So it hired WeWork Cos., a trendy operator of shared offices. The startup presented a clear vision: You need a juice bar, meditation room and a lot more greenery. The deal between the bank and the New York-based co-working comp…

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  • Uber ends autonomous truck program to focus on self-driving cars

    ENGADGET

    Two years after Uber bought self-driving truck developer Otto to the tune of $680 million, the ride hailing company announced on Monday that the Uber Advanced Technologies Group is shuttering its autonomous truck unit. The company remains committed to further developing its self-driving car platform, which has only killed one pedestrian so far. Uber Freight, a separate service that helps connect shipping companies with drivers, is being spared as well….

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  • Meero’s Revolutionary Image-Editing AI Closes $45M Funding Round

    CRETech

    Investors are putting their money behind industry-changing artificial intelligence applications. One exciting field with implications for commercial real estate is computer vision, specifically, in image processing. After a photo shoot, processing usually takes hours. Meero is changing that timeline. With is proprietary application, AI reduces this processing time to seconds. About Meero Meero launched in 2016 with a game-changing artificial intelligence platform tackling image editing to spe…

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  • Billionaire’s Proptech Firm Opens Latest Co-Working Space

    BUSINESSCLOUD

    A PropTech company founded by Israeli billionaire and Camden Market owner Teddy Sagi has launched its latest co-working space in London. Southampton Place is LabTech’s second property in Holborn and is part of the company’s £3 billion property portfolio, boasting over 2 million sq ft of space in central London. The launch marks the second stage in creating an ‘Urban Community’ campus in Holborn, metres away from Hogarth House, which launched only months ago, and LABS House, which is due to…

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  • Propy records country’s first blockchain-only real estate deal just north of LA County

    THE REAL DEAL

    The country’s first blockchain-only real estate trade involved 10 acres of land just north of Los Angeles County. The sale was made through a platform developed by Palo Alto-based real estate startup Propy. The company’s platform records the information of the sale — the purchase agreement, payments, and other essentials — on the public Ethereum blockchain. The amount was unknown.

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  • PropTalk: 5 Questions with Michael Beckerman of The News Funnel and CREtech

    HQO

    Welcome to PropTalk, a series on our blog where we interview the most influential and prolific thought leaders in the commercial real estate tech industry today. Know someone we should feature? Email me at katie(at)hqo.co. Otherwise, sign up for our once-a-week newsletter so you never miss a PropTalk again.  I’m so excited to be speaking with Michael Beckerman today. He is the ultimate connector in commercial real estate and tech, always bringing people together at one of his many events, or …

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  • Lyft, Uber increase traffic 180 percent in major cities, says report

    CURBED

    Bruce Schaller, a transit consultant who served as deputy commissioner for traffic and planning in New York City, released a new report (“Automobility”) Wednesday examining the effect of transit network companies (TNCs) like Lyft and Uber on city traffic. While Schaller’s findings highlight some benefits of ride-hailing apps, including increased mobility for riders with disabilities and as a valuable supplement to public transit in areas where bus service is inadequate, “Automobility” draws unf…

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