Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Wall Street Journal
Shares of companies that own shopping centers, hotels and New York office buildings were decimated most of last year but mounted a first-quarter comeback, as investors bet that a vaccine rollout can revitalize these hard-hit businesses.
CREtech+
Scott Evans, Chief Digital Officer at Related Companies discusses the innovation that went in to creating the first-of-it’s-class development, Hudson Yards, and how Related is scaling these capabilities across all of their platforms.
Crunchbase
The explosion of SPACs in the last year has increased competition for private equity to find more traditional buyout targets, but also likely presents more opportunity and a quicker route to capital for those firms.
Bisnow
“Over the last few months, Newmark was a stalking horse on a process that used bankruptcy to take control of Knotel with around $100mm of new capital,” Amol reportedly said in an email. “This process undermined lots of important relationships and hurt lots of customers and partners.”
The Real Deal
The acquisition gives Redfin control of RentPath’s subsidiaries, including Apartment Guide, Rentals.com and Rents.com, Inman reported. Redfin CEO Glenn Kelman said that listings from those platforms will appear on the brokerage’s website by 2022, according to the report. The deal closed in 42 days rather than the anticipated 90.
Bisnow
How buildings are built and operated can have far-reaching environmental implications. While there has been some movement toward more sustainable energy portfolios with net-zero energy and net-zero carbon targets for buildings, less focus has been paid to buildings’ embodied carbon.
Bisnow
Venture capital firms this year have begun raising hundreds of millions of dollars that they plan to deploy into proptech startups aimed at taking on climate change by making buildings more sustainable.
WiredScore
The future of real estate is smart. Not implementing technology for technology’s sake, but the result of a conversation amongst tenants, owners and technologists focused on what the users of buildings actually want. WiredScore created a white paper to clearly identify what smart buildings consist of and why they matter today, featuring unique insight from global industry leaders such as Hines, Skanska, PGIM and Kingsett to name a few.
Venture Beat
As we look to a post-pandemic world, we can expect to see companies invest in building resilience to destructive-type attacks. 2020 saw a record number of distributed denial-of-service (DDoS) and ransomware attacks, and the numbers are expected to remain high through the rest of this decade.
Venture Beat
Since the dawn of the computer age, humans have viewed the approach of artificial intelligence (AI) with some degree of apprehension. Popular AI depictions often involve killer robots or all-knowing, all-seeing systems bent on destroying the human race. These sentiments have similarly pervaded the news media, which tends to greet breakthroughs in AI with more alarm or hype than measured analysis. In reality, the true concern should be whether these overly-dramatized, dystopian visions pull our a…
Subscribe to CREtech to get our monthly newsletter curated by our editors and special event discounts and announcements.
or sign in if you're already a member