Brookfield Properties Lays Off 20 percent of Retail Employees
The Real Deal
Brookfield Properties, one of the largest mall owners in the country, plans to lay off 20 percent of its retail staff, according to a report by CNBC.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Proptech Firm Truss To Be Absorbed Into Avison Young
Bisnow
A proptech startup that provides an online leasing marketplace for office tenants has joined one of the major brokerage firms. Avison Young announced Tuesday it acquired the intellectual property and other select assets of Truss, a Chicago-based proptech company founded in 2016.
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Free Resource: 5 Actionable Tools to Boost Your Data-Driven Lease-Risk Assessment Process
Okapi
In 2020, relying on traditional data to assess risk simply does not stand the test of reality. Okapi’s CEO Iris Cedon shares actionable lessons from building the first AI lease-risk prediction tool. In this article you’ll find best practices for supercharging your lease-risk assessment process, and a free worksheet that will help you monitor the health of your existing process.
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Saks CEO: Retail has failed customers. Here’s how to fix it
Fast Company
Let’s get this one out of the way—despite all of the headlines, retail isn’t dying. After all, Amazon, the world’s largest company, with a significant web services business, 47 Emmy nominations, and exponential growth, is at its core, a retailer. When people frown upon the industry, more often than not they are thinking of department stores, which have become a “dirty word” in retail.
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New York City offices are on the comeback trail
NY Post
Jonathan Mechanic, chairman of the Fried Frank law firm’s powerful real-estate practice, is thrilled that his division completed major deals over the work-from-home summer that included the $1.8 billion financing of Brookfield’s One Manhattan West and the $350 sale-leaseback of 522 Fifth Ave.
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Lyft sketches a future for city streets with fewer cars
CNN Business
Washington, DC(CNN)As Lyft’s core ridehail business is pummeled by the pandemic, the company has taken a seemingly surprising step, paying urban planners to sketch out how street space can be shifted from cars to buses, bikes and pedestrians.
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Venture Firm Howzat Is Raising $120 Million to Find the Next Trivago or Airbnb
Skift
The pandemic is raising the hurdles for entrepreneurs launching travel startups. Yet that hasn’t deterred venture capital firm Howzat Partners. The firm expects to raise up to $120 million (€100 million) for a new fund that will invest in travel startups and other digital businesses.
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Sidewalk Labs unveils building automation product
Cities Today
Sidewalk Labs has announced a new tool that uses real-time data and automation to optimise energy use in commercial spaces. The system, named Mesa, aims to help support cities’ climate action goals as more places push for greater energy efficiency in commercial real estate. It could help commercial buildings – particularly older and smaller ones – comply with energy regulations and reduce energy costs by up to 20 percent….
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Apple CEO Impressed by Remote Work, Sees Permanent Changes
Bloomberg
Apple Inc. Chief Executive Officer Tim Cook said he’s been impressed by employees’ ability to operate remotely and predicted that some new work habits will remain after the pandemic.
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Oslo will be a zero-emissions city by 2030
Fast Company
On streets in downtown Oslo, former parking spaces are now bike lanes and parklets with benches and gardens. Since the city made the change, converting hundreds of parking spaces in 2017 and 2018, car traffic has steeply dropped, falling 28% by 2019. At rush hour in the city center, people walk, bike, and wait for trams and buses instead of sitting in traffic. …
