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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  • The 10 best cities for tech jobs

    MarketWatch.com – Personal Finance

    This is reprinted by permission from. Given all the ways that Americans stay in contact with each other, people who work in technology should be able to ply their trade from anywhere in the country with a fast, consistent internet connection. In theory. It turns out, location still matters when it comes to conceiving and building the next tech thing. It’s why developers, engineers, designers, database administrators and all other manner of tech genius pile into Silicon Valley and a handful of ot…

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  • Is WeWork Going Through An Identity Crisis?

    AllWork

    Amid continued doubts of the sustainability of its business model and following statements from its Finance Director that “WeWork doesn’t expect profitability this year”, the coworking giant went on a shopping spree using other people’s money, and bought none other than Lord & Taylor’s flagship store building in NYC’s Fifth Avenue — and for no shy amount. For the price of $850 million, the New York City landmark, spanning 676,000-square feet, will become WeWork’s new headquarters starting 20…

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  • ‘A technological revolution’ is tearing through retail

    Business Insider – Finance

    Hours worked in UK retail fell by 4.2% in the third quarter, retail jobs shrunk by 3%. It's the steepest decline since the monitor began in 2008. 'A technological revolution in retail' and government policy driving the decline. LONDON — British retail employment suffered a record decline in the third quarter of 2017. Hours worked in UK retail fell by 4.2% compared with the same quarter a year ago, according to the British Retail Consortium (BRC). The decline is an acceleration fro…

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  • WeWork taking over large LinkedIn lease in Mountain View

    San Francisco Gate Business And Technology News

    WeWork, a shared-office space startup, has obtained more than 450,000 square feet in a Mountain View shopping center that is currently under construction. The New York company will take over a lease from LinkedIn at The Village at San Antonio Center, according to May Chow, a LinkedIn spokeswoman. The center — which is set to be completed in late 2017 — will also feature cafes, restaurants, a boutique hotel and a movie theater, according to its website. “LinkedIn has reassigned its lease at The V…

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  • CBRE acquires San Francisco-based tech brokerage Custom Spaces

    Real Estate Weekly

    CBRE Group has acquired Custom Spaces, a San Francisco-based, tech-focused boutique brokerage that advises technology companies such as Airbnb, Cruise Automation, Medium, Gusto and Coinbase, on occupancy strategies. Jenny Haeg, founder and CEO of Custom Spaces, will join CBRE as a vice chairman within its Advisory & Transaction Services business and will have a leadership role with CBRE’s global Technology Practice. The practice group consists of CBRE Advisory and Transaction Services profes…

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  • Lord & Taylor deal with WeWork is a good way to use ‘less productive’ real estate

    MarketWatch.com – Top Stories

    Hudson’s Bay Co.’s deal to sell Lord & Taylor’s flagship New York City store to WeWork in a transaction is a good way for the company to monetize its real estate, analysts say, but the company is facing other challenges. The deal, valued at $850 million, which involves the Fifth Avenue store Lord & Taylor has occupied since 1914, will continue to operate as a smaller store, but WeWork will use most of the 12-floor space for its headquarters and other office space. Lord & Taylor is pa…

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  • How Tech is Changing Multifamily Lending

    Multi-Housing News

    While tech has been transforming many industries, lending has been slow to adapt. Obtaining financing for real estate projects can be a long, invasive and cumbersome process, preventing would-be investors from entering the market. However, firms are finally bringing innovation to the market through tech and revolutionizing the lending business in the process. Multifamily Lending has Been Outdated and Inefficient for Years Despite the continually strong apartment market, investing in real estate …

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  • SpotHero Welcomes Connie Capone as Chief Financial Officer

    Business Wire Commercial Building & Real Estate News

    CHICAGO–(BUSINESS WIRE)–SpotHero, North America’s leading parking reservation service, announced today that Connie Capone has joined the company as Chief Financial Officer. The company’s first CFO, Capone brings wide-ranging and extensive experience in operational, consulting and financial roles, as well as in managing venture capital. Capone will oversee SpotHero’s financial functions as the company enters its next phase of growth. “We are thrilled to welcome Connie to SpotHero,” said Mark La…

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  • Sternlicht Says Boston Has Good Shot at Landing Amazon for HQ2

    Bloomberg

    Billionaire real estate investor Barry Sternlicht has some advice for Amazon.com Inc.: Take a good look at Boston for your second North American headquarters. Amazon is sorting through the 238 proposals it has received for the $5 billion project known as HQ2. Boston has "a pretty good shot" at landing the company because of its technology, infrastructure and educational base– "just the zeitgeist of the city," Sternlicht said in an interview on Bloomberg Television from the F…

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  • SharedSpace

    CRETECH

    CONTACTMichael Everts, President, SharedSpaceTHE SCOOPI am a huge, huge fan of Co-Working spaces. Have seen a lot of them. If I am ever looking for space again, I am definitely going that route. And if I was looking for space in Atlanta, I know where I would look first…SharedSpace. Michael Everts with serial entrepreneur and long time real estate leader, Dan Levison are doing some super cool stuff in the Co-Working sector. They totally get the entrepreneurial, startup, fre…

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