Latest Trends and Insights in Real Estate Technology

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  • Microsoft and Samsung announce partnership to transform real estate and property management industries

    MSPoweruser

    Microsoft and Samsung today announced a global partnership to transform the real estate development and property management industries. This new collaboration involves Microsoft’s Azure IoT platform and productivity cloud services and Samsung’s smart devices and SmartThings platform. Both the companies will help optimize building operations, equipment maintenance, energy management, asset performance, and more.

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  • The Future of Urban Transport Is Facing a Make-or-Break Moment

    Bloomberg

    To get around Madrid, Javier Wassmann used to wake up in the morning, grab his smartphone and start searching car-sharing apps to find a ride to work. Then came the coronavirus. “Now I don’t want to use a car without knowing how long ago someone else was in it, if that person was wearing a mask or perhaps coughed on the steering wheel,” said the 37-year-old engineer in the Spanish capital, where

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  • An Evangelist for Remote Work Sees the Rest of the World Catch On

    The New York Times

    Fifteen years before the coronavirus pandemic abruptly forced most companies to let employees work from home, Matt Mullenweg relied on a company without an office.

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  • Lyric, Short-Term Rental Startup Backed By Airbnb, Shuts Most Locations As Co-Founder Departs

    Forbes

    Lyric, a short-term rental startup that raised $180 million from Airbnb and other investors, has shuttered all but one of its locations, making it the latest travel company to be defeated by the Covid-19 pandemic. San Francisco-based Lyric will now shift focus to software tools including an existing pricing tool for accommodation, two people familiar with the matter tell Forbes. With the move, Lyric is now all but abandoning its initial mission of providing furnished short-term rental units to b…

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  • As Offices Reopen, Workers Clash Over Masks, Cubicle Barriers and Lysol

    Wall Street Journal

    When Matt Wells returned to the office in mid-April, he was surprised to see a note pinned to a colleague’s cubicle urging people to keep their distance. “I thought it was an overreaction” to the coronavirus pandemic, he said. Now he has a note just like it on his cubicle. He also has strung a chain of paper clips across the opening to discourage visitors from stepping inside.

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  • WeWork’s chairman says it expects to have positive cash flow in 2021

    TechCrunch

    After aggressive cost-cutting measures, including mass layoffs and selling several of its businesses, WeWork’s  chairman expects the company to have positive cash flow in 2021. Marcelo Claure, who became WeWork’s chairman after co-founder Adam Neumann resigned as chief executive officer last fall, told the Financial Times that the co-working space startup is on target to meet its goal, set in February, of reaching operating profitability by the end of next year….

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  • Proptech Grapples With PPP Loans

    The Real Deal

    SBA data show the New York City proptech investor got a loan between $150,000 and $350,000. … “It would’ve been much worse for us had we not received a PPP loan to help us to sustain through this pandemic,” co-founder Jesse DePinto said. …

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  • Keyes partners with EasyKnock to offer sale-leaseback program

    The Real Deal

    The Keyes Company is partnering with EasyKnock, a sale-leaseback startup, to give its agents another tool to offer sellers. “We have a low inventory and there is some hesitation for people to sell their home because they’re not sure they can buy another home,” said Mike Pappas, president and CEO of Keyes.

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  • U.S. may need another 1 billion square feet of warehouse space by 2025 as e-commerce booms

    CNBC

    With online sales proliferating during the coronavirus pandemic, the U.S. is going to need more warehouses to store hoards of boxes and handle those orders. Holed up at home, and with many bricks-and-mortar stores temporarily shut, shoppers have turned to their computers and smartphones to buy everything from fresh groceries to new home furnishings to pet toys. And even after the pandemic subsides, the trend of people buying more and more online is expected to stick around….

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  • Onyx moves to capture post-COVID office users with high-tech smart campus

    Real Estate Weekly

    New Jersey-based Onyx Equities has unveiled a bold plan to create one of the north east’s first “smart office campuses” to attract big office users adapting to the post-COVID world. The company has issued as RFP to turn its WestPark property in White Plains into the anchor for a new Innovation Corridor flush with next-level technology, including AI and IoT, autonomous vehicles, sustainable and healthy buildings.

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