Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Silicon Valley Business Journal – Local San Jose News
Mission Park, an R&D office park in Santa Clara, recently signed a big lease for auto tech company Future Mobility Corp., bringing the site to fully leased, just as property owner Washington Holdings digs in on the property's next phase.
Crains New York – Everything Real Estate
Beloved burger chain Shake Shack recently announced plans to use automated kiosks in lieu of employees to take orders at its new Astor Place location. The news rather awkwardly coincided with the announcement that founder Danny Meyer has raised $200 million in private equity to invest in companies with a strong focus on employees and communities. “Automation at Shake Shack has nothing to do with the fund,” said Meyer during a phone call with Bloomberg News. “As soon as Shake Shack became public …
NREI – National
The new design is not necessarily a model for the future. It’s a singular, “experimental Shack” to work out ideas and to respond to customer demands. (Bloomberg)—Beloved burger chain Shake Shack recently announced plans to use automated kiosks in lieu of employees to take orders at its new Astor Place location. The news rather awkwardly coincided with the announcement that founder Danny Meyer has raised $200 million in private equity to invest in companies with a strong focus on employees and co…
Real Estate Weekly
By John Banks There are many complex challenges facing the real estate industry in the 21st century. Fortunately, leaders from our industry – with representation from both commercial and residential real estate – will be discussing the newest trends and solutions to those challenges all this week during NYC Real Estate Tech Week. NYC Real Estate Tech Week 2017 will feature over 5,000 leaders and innovators from nine sectors across 12 city-wide events, including conferences, panels, roundtables, …
Crains New York – Everything Real Estate
Two weeks ago I wrote that New York City might have to offer tax breaks and other incentives worth as much as $1 billion if it wants to compete for Amazon's second headquarters and the 50,000 or so high-paying jobs it will bring to a lucky city. A staffer for one of the borough presidents not only thought it would be absurd to offer such a large subsidy but also suggested that I hadn't considered all the other public expenses that landing Amazon could entail. He emailed me a formula: […
Business Insider – Tech
Shares of Walmart are up 2.71% at $81.20 on Monday following the announcement that the company will begin offering a tech-savvy way for customers to return purchases. In November, Walmart will begin allowing customers to return items they purchased through Walmart.com to physical stores with the help of an app. The app will allow customers to enter all the necessary information about the return before heading to the store, where a Walmart employee will finish the process in about 30 seconds, acc…
Dallas Business Journal – Commercial Real Estate News
An Allen-based manufacturer of law enforcement video systems has reached its upper-most height in building its new corporate campus, which is expected to accommodate about 500 workers. WatchGuard Video has reached the most vertical point in construction on the initial phase of its new Allen campus. This milestone puts the two-story, 140,000-square-foot office building near Exchange Parkway and Andrews Parkway on track for completion in April 2018. At full build-out, the $46 million office will…
Inman News – Features
In case you missed it last week, private equity firm Thomas H. Lee Partners announced the closing of its more than $1 billion majority acquisition of Ten-X. The online platform operates Auction.com as well as other brands, including the Ten-X Wallet app and Card, which let customers pay for goods with leading cryptocurrencies (Bitcoin, Ethereum among them). With Ten-X Homes and Ten-X Commercial, two recently added legs of the company, homes are sold online via auction format. The company claims …
Bloomberg
Beloved burger chain Shake Shack recently announced plans to use automated kiosks in lieu of employees to take orders at its new Astor Place location. The news rather awkwardly coincided with the announcement that founder Danny Meyer has raised $200 million in private equity to invest in companies with a strong focus on employees and communities. "Automation at Shake Shack has nothing to do with the fund," said Meyer during a phone call with Bloomberg News. "As soon as Shake Shack…
Real Estate Weekly
Silverstein Properties CEO Marty Burger will keynote the second annual MIPIM Proptech Simmit. The event, the flagship segment of NYC Real Estate Tech Week, will bring together industry leaders in real estate, technology and venture capital from around the world. Burger, who oversees more than $10 billion in projects and leads his firm’s acquisition, development and financing efforts, will deliver the real estate keynote speech. He will be followed by James Patchett, the president and CEO of the …
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