Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Commercial Observer
New York City property owners are pouring money into myriad new technologies that manage the construction process, control building access, and lower energy consumption.
The New York Times
As the national economy recovers from the pandemic and begins to take off, New York City is lagging, with changing patterns of work and travel threatening the engines that have long powered its jobs and prosperity. New York has suffered deeper job losses as a share of its work force than any other big American city. And while the country has regained two-thirds of the positions it lost after the coronavirus arrived, New York has recouped fewer than half, leaving a deficit of more than 500,000 j…
Smart Cities World
Virginia is launching what claims to be the US state’s first smart city testbed, in partnership with Stafford County, Virgina’s Centre for Innovative Technology (CIT) and technology provider Mutalink. This public/private partnership is funded by the US Department of Homeland Security (DHS) Science and Technology Directorate (S&T) that aims to foster community-driven innovation that improves emergency response.
The Wall Street Journal
Austin Clements was ready to give up. He’d quit his job in venture capital in 2019 to try to launch his own fund giving early-stage money to tech startups founded by entrepreneurs of color, but investor interest was slim. Last June, he and his co-founder figured that before throwing in the towel, they’d write one final mass email to anyone they’d ever pitched or spoken to about their fund—a group of around 300 people—asking for support.
Architect Magazine
On June 7, the high-profile AEC startup Katerra filed for bankruptcy, having spent more than $2 billion in just over six years. Its insolvency concludes the most well-funded attempt to redefine the architecture and construction industries through modular design, prefabrication, and supply-chain integration.
San Francisco Chronicle
Unlike the rest of the country, Bay Area home buyers are seeing more options on the market compared with last year — but those houses are more expensive than ever and buyers are snapping them up within days, according to a new report.
GlobeSt
Arrived Homes, the real estate crowdfunding investment platform, announced it has raised $10 million in equity and $27 million in debt financing for a total of $37 million.
Skift
As organizations start to embrace distributed work and virtual meetings, the corporate travel and meetings sectors are preparing for change. How will travel managers respond to new patterns of employee mobility? What role will hotels play in catering to distributed workforces and distributed meetings? Can destinations, and airlines, capitalize on the anticipated boom in digital nomads? Does the coming future of work increase or decrease the travel spend?
Financial Express
While real estate and construction remained the most impacted sectors in India in H1FY21, there was some buoyancy during H2FY21, with the economic activity reviving. Measures such as a reduction in the stamp duty in Maharashtra, lower interest rates, pent up demand and a halt in launches provided some relief to the realty sector. However, the green shoots that had started becoming visible were short-lived as the second wave of the pandemic hit the nation unawares and much harder, according to a …
Forbes
This time last year, I wrote about current and future workspace considerations for leaders. A year has gone by, and we have seen the trends, conducted surveys and researched our options in corporate real estate (CRE), and I strongly believe we are heading in the right direction. The recipe for success is smart digital technology with an abundance of human interaction….
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