Latest Trends and Insights in Real Estate Technology

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  • DOE Unveils $2.2B for Grid Expansion, Adding Power Equivalent to Six and a Half Hoover Dams

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  The U.S. Department of Energy announced $2.2 billion in grants for eight power transmission projects across 18 states, aimed at expanding and upgrading the grid. The projects will add approximately 13 gigawatts of capacity—comparable to six and a half Hoover Dams. Funded under the 2021 infrastructure law, the grants will support 600 miles of new transmis…

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  • Office Owners in a ‘Race for Resilience’ to Avoid Weather-Driven Obsolescence

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Houston’s office market, already burdened with high vacancy rates, faces a growing threat from increasingly severe weather due to climate change. Much of the vacancy is concentrated in outdated buildings lacking modern amenities, but recent extreme weather events, such as a derecho and tropical storm, have highlighted the need for office buildings to upd…

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  • Barry Sternlicht of Starwood Predicts CRE Gains from AI Bubble Burst

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Starwood Capital Group CEO Barry Sternlicht predicts a shift from artificial intelligence investments back to commercial real estate (CRE). On Starwood Property Trust REIT’s earnings call, Sternlicht highlighted how federal infrastructure spending and AI hype have inflated sectors like chipmakers and data centers. He expects a rate cut from the Federal R…

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  • The Future of New York In One Word? Green.

    Michael Beckerman – CREtech

    Written by Guest Contributor: Michael Beckerman, CEO, CREtech I recently read with much delight, and really not much surprise, that Lukky Ahmed is relocating to New York City after his startup, Climate X, raised over $18 million to price climate risk for buildings and infrastructure. I was encouraged to see yet another climate tech startup focused on the built environment successfully raising venture dollars, but not surprised that the CEO is relocating to New York City, which has quickly becom…

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  • Sam Altman Considers Launching Company to Build Data Centers for OpenAI

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  OpenAI founder Sam Altman is exploring plans to develop self-owned data centers as part of an initiative to create proprietary AI chips for the firm. Altman aims to establish one or more companies using external capital to acquire land, secure power, and construct new data centers, which OpenAI would then rent. This move aligns with Altma…

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  • Prologis Optimistic About Data Centers and AI

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Prologis (PLD), a San Francisco-based real estate investment trust (REIT), reported an 18% drop in earnings, with revenue falling to $2.01 billion from $2.45 billion year-over-year due to high warehouse vacancies and slow demand. Despite this decline, Prologis is significantly raising its spending budget and focusing on data centers and a…

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  • Bosch Building Technologies Expands in Building Automation with Acquisition of DMS AG

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Bosch Building Technologies plans to further its growth in the building automation sector with the acquisition of DMS Digitale Mess- und Steuersysteme AG, a company specializing in building, industrial, process, and room automation as well as energy management. This strategic move follows Bosch’s significant 25 percent growth in building auto…

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  • Nuveen Leads $6M Funding Round for Proptech Platform Cove

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Post-Series A Funds to Boost Cove’s Sales Team Amid Rapid Growth Cove, a property operations and tenant experience platform, announced the closure of a $6 million post-Series A funding round. Led by Nuveen Real Estate, the round saw participation from ORG Portfolio Management, O’Shaughnessy Ventures, and existing investors like Blackstone Innovat…

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  • BXP Recognized as One of the World’s Most Sustainable Companies by TIME Magazine; Company Presenting on Main Stage at CREtech New York 2024

    CREtech

    Thanks for keeping up with the CREtech Community in the News! This article features BXP, a presenting company on the main stage at CREtech New York this November 13-14. For more news about members of the CREtech Community, follow us on Linkedin.  BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, has been honored by TIME Magazine and Statista as one of the World’s Most Sustainable Companies. Ranked #79 overall and th…

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  • GSA’s $3.4 Billion Effort to Decarbonize Federal Buildings

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  The U.S. General Services Administration (GSA) is utilizing $3.4 billion from the Inflation Reduction Act to significantly reduce emissions from federal buildings. The GSA, managing one of the largest real estate portfolios in the country, aims to achieve net-zero emissions in building operations by 2045. The funding supports the Green Proving Gr…

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