Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bloomberg
The closings will affect stores across Florida, Apple said Thursday in a statement. The decision means that 16 of Apple’s 18 stores in the state have been closed again, with just those in Jacksonville and Sarasota still open. “Due to current Covid-19 conditions in some of t
Business Insider
Microsoft announced in a blog post on Friday that it would permanently close its retail stores around the world and shift its focus to online sales. The company said it would still keep some physical experience centers to serve customers at its Sydney, New York City, London, and its Redmond campuses. But the company said all stores would be closed for good….
CoStar Group
WASHINGTON – June 24, 2020 – CoStar Group, Inc. (Nasdaq: CSGP) (“CoStar”) announced today that it has priced an offering of $1.0 billion in aggregate principal amount of 2.800% senior unsecured notes due 2030 (the “Notes”) in a private placement (the “Offering”) exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The sale of the Notes is expected to be consummated on or about July 1, 2020, subject to customary closing conditions.
CBRE
CBRE Group, Inc. (NYSE:CBRE) today announced that Chandra Dhandapani, its Chief Digital & Technology Officer and a member of the company’s Executive Committee, has been promoted to Chief Administrative Officer. In her new role, Ms. Dhandapani will have responsibility for the company’s Human Resources (called People), Marketing and Research organizations along with Digital & Technology, which she has led since 2016….
AXIOS
Amazon is buying Zoox, a self-driving car startup, its biggest move yet into autonomous technology. Amazon is paying around $1.2 billion, according to a source familiar with the price. Why it matters: While previous investments in electric truck manufacturer Rivian and self-driving tech company Aurora Innovation seemed focused on facilitating package delivery, Amazon made clear today it will help bring Zoox’s ambitious robot-taxi plan to fruition.
Inside Access Control by Group337
This Just In: Michael Beckerman, CEO of CREtech with some exciting news We catch up on a quick “this just in” with Michael Beckerman, CEO of CREtech on his new global consulting practice (which I also am participating in).
The Real Deal
Rhino and other startups, including TheGuarantors, Obligo and Jetty, offer insurance as an alternative for security deposits, to free up cash that tenants can use to pay rent or other bills, and shield landlords from liability for damaged property that a security deposit is typically meant to cover. …
Bloomberg
Sidewalk Labs, an urban innovation unit at Alphabet Inc., has laid off about 20 people, according to people familiar with the matter. The job cuts, which amount to approximately 13% of the company’s roughly 150 employees, are mostly in the company’s Toronto operation, where about a dozen workers remain, one of the people said. …
EY
Industrialized or manufactured construction is a familiar concept. We have been building with components and even whole wall panels for years. However, with a heightened focus on efficiency due to skilled labor shortages and tighter margins, industrialized construction is accelerating across the globe. As we noted in our first paper, “Technological advancements disrupting the global construction industry,” modular and prefabricated building accounted for approximately US $237b of construction ac…
Wall Street Journal
As colleges around the country map out plans to reopen their campuses in the fall, they have embarked on some unique and pricey shopping expeditions: sourcing miles of plexiglass, hundreds of thousands of face masks and, in the case of the University of Central Florida, trying to get in an order for 1,200 hand-sanitizer stations before neighboring theme parks could buy them all up.
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