Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The New York Times
Before heading in each day, workers will be required to log on to a new app the giant networking company designed, and answer several questions about their health. Have they had close contact in the last 14 days with anyone who received a Covid-19 diagnosis or was suspected of having a coronavirus infection? Within the last 24 hours have they experienced chills, shortness of breath, or a loss of taste or smell?
CREtech
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Wall Street Journal
One couple was from the Northeast, empty-nesters. They were visiting Miami and wanted to look at homes. They were very unfamiliar with Miami and really didn’t know the neighborhoods at all. Obviously, in the middle of a pandemic it’s an impossible situation. Miami-Dade County has all kinds of ordinances. So I said, “Why don’t you meet me at this area in North Grove. I can’t really get you into any homes, but you’ll be in your car and I’ll be in my car and I’ll drive you through Coconut Grove and…
Bisnow
Andy Cohen co-leads Gensler, a global giant in the architecture world with 6,000 employees across 18 countries and 24 practice areas, with Diane Hoskins. Though design work has been impacted, the coronavirus pandemic has been a busy time for him: Beyond checking in with 67,000 clients in 10 weeks, his team has been crafting open-source guides to get back to the office safely, and Cohen has been active on the webinar circuit.
Bisnow
From January until mid-May, four- and five-star office space represented 49% of gross leasing activity, representing a 3% jump compared to previous years. Lower-quality buildings attracted an even smaller share of new deals than in previous years, according to new data from CoStar Group.
CNN
The United States is experiencing a “reckoning” over race, justice and inequality that has been decades in the making, fintech CEO Ryan Williams told CNN Business. “We’ve been hallucinating as a country for a long time,” said Williams, the 32-year-old African American founder of Cadre, a startup disrupting the real estate industry with the support of elite investors including George Soros, Mark Cuban and Peter Thiel….
Oregon Live
CrowdStreet, a Portland company that funds commercial real estate developments through its website, laid off 24 of its 110 employees Monday. The coronavirus outbreak has thrown the commercial real estate sector into tumult, with most office workers doing their jobs remotely and the broader economy heading sharply downward.
Wall Street Journal
An online plank-holding contest. Walk-and-talk meetings held outdoors via Zoom. A companywide game show based on Netflix’s “Love Is Blind,” capped with a virtual dance party. American companies are experimenting with new ways to replicate the camaraderie that once defined day-to-day life inside an office as a pandemic-induced period of remote work approaches three months—with no clearly-defined end in sight.
The Real Deal
Miguel McKelvey is leaving WeWork, the embattled office-sharing company he helped found in 2010. McKelvey was one of the few remaining executives at WeWork following its failed attempt to go public and bailout by… …
Openbox
The rapidly changing nature of the situation calls for more than simply running a report from an existing system or passing around spreadsheets that may already be out of date before they are received. Thanks to our wealth of experience with business intelligence, data and integration, we’ve been able to answer the call in record time by combining the rapidly deployed Power BI suite with existing tools and systems to turn raw data into actionable information.
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