Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
Three months ago, New York City’s major employers thought only 10 percent of their workers would be back in the office by now. It turns out that things are not as bad as expected. They’re worse.
Refresh Miami
With today’s technology, buying or selling a home should be a transparent and efficient process — all the way through the closing. To make it so, a Miami-based proptech startup set out to rethink and rebuild the entire experience. This week, that startup, Expetitle, announced it has raised $850,000 in seed funding. The digital title company, which started writing policies in Florida this year, is part of a growing proptech sector in South Florida….
CREtech
Michael Phillips of Jamestown and Emily Wright of Estates Gazette review the rapidly changing world of data-driven real estate management. Getting an edge through innovation hubs, crowdsourcing, data analytics, and curated tenancies has made a huge impact on Jamestown’s business. Financial analysis still matters in building and growing a portfolio—but enrichment of the tenant experience is quickly emerging as the true value driver. Michael covers all the bases in this fast-paced discussion with …
The New York Times
Late last month, Royal Dutch Shell won a deal to build a vast wind farm off the coast of the Netherlands. Earlier in the year, France’s Total, which owns a battery maker, agreed to make several large investments in solar power in Spain and a wind farm off Scotland. Total also bought an electric and natural gas utility in Spain and is joining Shell and BP in expanding its electric vehicle charging business.
Housingwire
After COVID-19 paused travel, short-term rentals actually fared much better than hotels year-over-year, a new study said. As of June 21, short-term rental revenue per available room was down just 4.5%, while hotel revenue per available room was down a full 64.8% than the previous year. This decrease in hotel revenue occured despite the fact that the hotel average daily rate increased 31.9% during that period, compared to the 23.2% increase in average daily rate for 1-bedroom or studio rentals, a…
The Real Deal
Amazon is planning to expand its offices in six major U.S. cities, just weeks after announcing plans to double down on its fulfillment centers and warehouses. The tech giant plans to add new hubs in New York, Phoenix, San Diego, Denver, Detroit and Dallas, which will bring about 3,500 corporate jobs, the company announced on Tuesday, according to the Wall Street Journal….
Crunchbase
Greycroft has been busy. A month ago, I noticed a lot of the funding stories I was writing listed the New York-based venture capital firm as either the lead investor or as a participant in the fund raise.
The Real Deal
The real estate investment startup, co-founded by CEO Ryan Williams and Jared and Joshua Kushner, was prepared to take over Jared Kushner’s stake in the firm back in February. But in the face of the coronavirus pandemic, the company was forced to cut costs, including the purchase of the White House adviser’s shares, according to Bloomberg.
Yahoo Finance
Due to a softening market and a substantial increase in residents working from home (84% of apartment residents, per Amenify data), apartment operators are looking for ways to drive retention through exclusive services. Sid Lakireddy, President at Anchor Valley Partners said, “Renters today want a lifestyle, and food is something that more than 90% of our residents have requested. I’m a fan of Amenify because they are an end-to-end technology and support solution — there’s no work for our staff…
CREtech
Results driven business partner with Wharton MBA and over 20 years of achievement in driving value from technology investments. Strong leader and change agent with proven success delivering operational excellence, supplier performance, talent retention, and innovation. As a global technology evangelist, my primary role is to identify shifts and threats, maximize opportunities to optimize our portfolio, and determine where best to place technology bets with constrained capital. I am NOT a corpora…
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