Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CRETECH
Commercial real estate data giant CoStar is dropping $385 million to purchase apartment listing brand ForRent.com. The move is part of CoStar’s push to become a leader in the $2 trillion multifamily industry. During June 2017, ForRent.com landed 47 million online visitors searching over 17,000 apartment properties. That’s a small drop in the bucket compare…
CNN.com – News Feed
Walmart may soon launch same-day delivery in New York City. The retail giant announced on Tuesday that it acquired startup Parcel, a delivery service that operates 24 hours a day. Parcel, which delivers groceries and other items from third-party retailers, intends to help Walmart with last-mile delivery, known as the final steps in getting packages to consumers. "We plan to leverage Parcel for last mile delivery to customers in New York City– including same-day delivery– for both general …
Denholtz Associates
Oak Brook, Ill. (October 3, 2017) – Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, announced the signing of a 7,187-square-foot lease with The Rubicon Group, and a 4,362-square-foot lease with Clutch Global Logistics at the 201,425-square-foot Butterfield Office Plaza in Oak Brook, Ill. Denholtz Associates recently completed a $1.25 million renovation project at the Butterfield Office Plaza that included upgrades to the buildin…
Seattle Times – Business and Technology News
Less than a month after opening up a hunt for a second headquarters, Amazon has agreed to expand in Seattle in a big way. The company confirmed Tuesday it has signed a lease to take over the entire office portion of a planned downtown skyscraper called Rainier Square that will become the second-tallest building in the Pacific Northwest. Even by Amazon’s standards, the expansion is massive: Rainier Square will be among the company’s biggest office buildings when it opens as soon as 2020, with roo…
Cushman & Wakefield Global Real Estate
By Ken McCarthy, Principal Economist, Applied Research Lead; and Robert Sammons, Regional Director, Northwest U.S. Research Throughout this and most other business cycles we hear that tech cities have outperformed other markets by virtually every relevant economic and commercial real estate (CRE) metric, including GDP, jobs, absorption, rents, and more. But what exactly is a tech city? After all, technology is everywhere. Almost all companies today use internet, cloud computing, social media, sm…
Austin Business Journal – Commercial Real Estate
A major acquisition bolsters the Austin company's national image and adds a new line of software products to its expanding tech portfolio — which now reaches more than 13,000 customers. With a growing HQ team, a real estate move is also in the offing.
MultiFamilyBiz.com Press Releases
NEW ORLEANS, LA- 365 Connect, a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry, announced the acquisition of uCribs, the largest search site dedicated to apartments near universities. The acquisition will expand the reach of 365 Connect into off-campus housing markets throughout the nation, adding millions of rental units to its marketing platform. uCribs is one of the most unique housing search engines in the industry…
Duke Long Blog
Old school for sure. New school and then some. Do you think you know how to adapt to the digital commercial real estate world today? Learn from one of the originals. He's on all of my lists He could be his own list. Listen and learn! The Evolution of REX. Prototypes, Seed Rounds, and Beta. Well, well, well, yet another CRE//Tech Intersect event and this time in LA. I have to say it's been long overdue. LA is the second largest #CRE market in the US and the weather is always nice so why…
CRETECH
Two significant factors impact a real estate agent’s ability to land an offer on their listings: quality property imagery and speed. Very few people buy real estate blindly. What you see, sells. Not all photography is created equal. Bad images will deter potential buyers from considering the property. The second component, speed, is simple to understand: the faster the listing goes to market, the quicker it sells. The pinch point is shooting quality photography and video home tours takes time. E…
Geek Estate Blog
In our latest real estate tech entrepreneur interview, we’re speaking with Jed Carlson, the CEO of Adwerx. Without further ado… What do you do? I’m the CEO of Adwerx. We make it brilliantly simple for small businesses like real estate agents and brokers to do highly sophisticated digital advertising that promotes themselves and their listings in a local market. Over 60,000 real estate agents, brokers, loan officers, and insurance professionals across the United States, Canada, Australia, and the…
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