Latest Trends and Insights in Real Estate Technology

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  • Ellie Mae locks in strong third quarter amid Velocify acquisition

    HousingWire

    Ellie Mae’s third-quarter earnings are in, posting a strong quarter that ended with the major acquisition of Velocify, a sales acceleration platform. According to the results, total revenue for the third quarter of 2017 increased to $107 million, up from $100.4 million for the third quarter of 2016. Net income for the third quarter of 2017 came in at $14.5 million, or $0.41 per diluted share, compared to $13.8 million, or $0.41 per diluted share, for the third quarter of 2016. Additionally, adju…

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  • Is co-working market getting too big, too fast? Some say ‘poaching’ is a sign

    San Diego Union Tribune General News Headlines

    Is co-working market getting too big, too fast? Some say 'poaching' is a sign K.C. Alfred / San Diego Union-Tribune Downtown Works, a co-working space in downtown San Diego has been opened for about a year, shown here on Wednesday, Oct. 25, 2017. Downtown Works, a co-working space in downtown San Diego has been opened for about a year, shown here on Wednesday, Oct. 25, 2017. (K.C. Alfred / San Diego Union-Tribune) Jeanette SteeleContact Reporter Is there a limit to the San Diego County…

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  • Big City: Lord & Taylor, WeWork and the Death of Leisure

    New York Times – U.S. Business News

    The sale of the department store’s flagship Fifth Avenue building marks the end of shopping as fun, and the rise of work as a way of life.

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  • WeWork expands at Cohen Brothers’ 135 East 57th

    The Real Deal – New York

    WeWork signed a lease for two more floors at Cohen Brothers Realty’s 135 East 57th Street, expanding its office space in the tower to 125,000 square feet. The co-working company now occupies nine floors in the 32-story tower. It initially took four floors in early 2016, before adding three more in November. Savitt Partners represented the tenant. The two floors WeWork is now taking were previously occupied by online investment firm E-Trade. WeWork struck two monster deals this week – paying $850…

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  • CBRE: Retail CRE Picture far From Gloomy

    Hightower Blog

    Retail hasn't been getting the best press lately. All the consumer press seems to cover is store closures, retailer bankruptcies, the death of the mall and the extinction of brick-and-mortar stores due to the dominance of Amazon. The recently posted CBRE Retail Innovation Series illustrates the challenges that this commercial real estate sector faces, but it also provides solutions for landlords and retailers to combat and overcome a changing consumer environment. Restaurants make a major i…

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  • With Addition of 27K SF, WeWork Spans Nearly a Third of 135 East 57th Street

    The Commercial Observer – Commercial Real Estate

    Coworking giant WeWork has nabbed 27,000 square feet at 135 East 57th Street, bringing its space in the Midtown East building to 125,000 square feet, Commercial Observer has learned. WeWork has taken the 17th and 18th floors in the building between Lexington and Park Avenues, according to a release from Cohen Brothers Realty, bringing its floor count in the 32-story tower to nine, and representing nearly a third of the 400,000-square-foot structure. Last November, WeWork increased its footage in…

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  • Tech Data spending $156 million to buy its buildings

    Tampa Bay Times – Breaking News

    Tech Data spending $156 million to buy its buildings Times Staff Tampa Bay Times Friday, October 27, 2017 12:47pm Print 0 My Edition I want to see more articles tagged I'm already following articles tagged Clearwater-based Tech Data Corp. is buying its headquarters after many years of leasing the property. [Company photo] Tampa Bay's largest public corporation by revenues, Clearwater's Tech Data Corp., has decided to stop leasing its headquarters and some other properties across t…

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  • Hotels thrive even in the age of Airbnb

    Hospitality.net

    By Susan Kelley for the Cornell Chronicle Arthur Adler '78, chair of the Americas division of Jones Lang LaSalle’s Hotels & Hospitality Group, gives the opening Keynote at the 4th Cornell Hospitality Research Summit. Disruptors like Airbnb are forcing the hospitality industry to rethink its business models, a leading global hotel investment adviser said Oct. 6 at the Cornell Hospitality Research Summit. Those innovations, and shifting demographics and globalization, will help catalyze a…

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  • Carmel closet designer to use VR to help customers envision spaces

    Indianapolis Business Journal – Real Estate & Retail

    Businesses across multiple industries are trying to figure out how to harness the power of virtual reality, a technology that allows users to explore a three-dimensional simulation that appears to be real.   VR is making a huge splash in entertainment, especially in gaming, and is beginning to show major promise in retail, where buyers increasingly want to shop remotely, and in real estate, where builders, architects, designers and real estate agents are exploring the technology as a way to show…

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  • The city Amazon picks for its second headquarters will change forever

    CNN.com – Latest Financial News

    class="article-title speakable"> The city Amazon picks for its second headquarters will change forever by Kaya Yurieff and Julia Horowitz   @CNNTech October 27, 2017: 9:14 AM ET NYC went orange in a bid for Amazon's next headquarters Cities across North America want the 50,000 jobs that come with Amazon's HQ2. But will it really make life for residents better? Amazon sent cities into a frenzy when it announced plans to build a second headquarters, expected to cost $5 billi…

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