Latest Trends and Insights in Real Estate Technology

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  • The Office Group’s Blackstone-Backed Expansion Is Taking It To America

    BISNOW

    The Office Group, the flexible-office company majority owned by Blackstone, is eyeing its first overseas location, having grown rapidly under its new ownership structure. It is one of several companies vying to lease space in the famous Flatiron Building in New York, according to the Financial Times. It is looking to lease the entire 180K SF building and is competing against WeWork, the FT said. Blackstone bought a majority share in The Office Group in June 2017 in a deal that valued the c…

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  • The MetaPropCast

    METAPROP NYC

    The podcast of real estate technology innovation. As the nexus of real estate and technology worldwide, MetaProp has the unequaled authority and capability to tell the global PropTech community story. To do that, MetaProp Advisors, the communications and consulting business of MetaProp, has created The MetaPropCast, the original podcast interview series spotlighting how top real estate technology startup CEOs and VCs view innovation. Journalist, policy wonk, global real estate communications…

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  • Tech-Forward Tenant Rep Firm Hires David Danhof To Launch Atlanta Office

    BISNOW

    During his career with Hines Interests, Lincoln Property Co. and Equity Office Properties Trust, David Danhof has landed some big office deals. The 20-plus-year commercial real estate veteran is still chasing office tenants. At his latest firm, though, these tenants need 5K SF or less. Danhof has been tapped by TenantBase, a firm focused on representing small office and industrial tenants, to spearhead its Atlanta expansion. The brokerage firm is debuting in Atlanta with six other brokers …

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  • Guest Blog – Thanks or Thank You for the Invitation to Blog

    CRETech

    By: Linda Day Harrison, Founder, theBrokerList I thank you all so very much for inviting me to blog on this new and amazing platform. I am super proud to be included and appreciate the opportunity more than you can imagine. It has been a total joy to watch Michael Beckerman navigate and adapt his vision through these projects and especially the CREtech brand. Of course, that is near and dear to my heart and I love to see the community grow. But the point of my blog is not to just thank …

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  • Self-driving car startup Zoox is raising $500 million at a $3.2 billion valuation

    TECH CRUNCH

    Zoox, a once-secretive self-driving car startup, is closing a $500 million raise at a $3.2 billion post-money valuation, Bloomberg Businessweek reports. Prior to the deal, Zoox was valued at $2.7 billion, Zoox confirmed to TechCrunch. The round, led by Mike Cannon-Brookes of Grok Ventures, brings its total amount of funding to $800 million. Zoox’s plan, according to Bloomberg, is to publicly deploy autonomous vehicles by 2020 in the form of its own ride-hailing service. The cars themselves wi…

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  • In major pivot, Compass to license its tech

    THE REAL DEAL

    Since landing $450 million in funding from Softbank last year, Compass has been aggressively scooping up brokerages and agents across the country. And now, the venture-backed company is employing a new line of business: licensing its technology to other firms. On Wednesday, Compass announced its inaugural licensing deal with Leading Edge Real Estate Group, a 200-agent firm with offices in Boston and Eastern Massachusetts, which until recently was a franchise of RE/MAX. The pivot — which so…

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  • Coworking Ascent Could Start Slowing Down In Manhattan Pretty Soon

    BISNOW

    The rapidly expanding coworking sector may soon be peaking in Manhattan, with some flexible office operators now looking at markets outside of New York as their next target. In total, 6.6M SF across 133 different locations is dedicated to coworking in Manhattan, Bloomberg reports, citing Savills Studley data. That figure does not include office spaces offered by Servcorp, which provides high-end executive suites, or firms operating in the outer boroughs. As of early July, there were 26 new…

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  • Co-working company Spaces takes 100K sf in Flatiron District

    THE REAL DEAL

    Co-working company Spaces, IWG Plc’s answer to WeWork, signed a lease for 100,000 square feet in the Flatiron District. The company took the seventh through ninth floors at CL Investment Group’s 287 Park Avenue South, Commercial Observer reported. Terms of the deal weren’t disclosed, but average asking rents in the area are around $70 to $80 per square foot. CL Investment bought the property, formerly known as the United Charities Building, for $128 million in 2014 with intentions to conve…

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  • 5 Recommendations To Bring CRE And Tech In Greater Harmony

    BISNOW

    The commercial real estate industry has made great strides in embracing technology. But the panelists at Bisnow’s Chicago CRE and Urbantech Summit at the Hyatt Regency Chicago said the industry needs to dig deeper and recognize that technology has not only been a part of the industry from its beginnings, but should be fully integrated. Our panelists had five recommendations to expedite the embrace of tech in CRE. Read more at: https://www.bisnow.com/chicago/news/technology/five-recommendation…

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  • Knotel acquires 42Floors in order to build the blockchain of property

    TechCrunch

    Another day, another blockchain project. This time sources are reporting that Knotel  – an office space rental service in Manhattan – has acquired 42Floors,  a commercial real estate search engine in order to, according to founder Amol Sarva, get “access to data and technology on over 10 billion square feet of office space, driving further liquidity to Knotel’s marketplace while also accelerating its plans for a blockchain platform.”…

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