Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
New York Times
The recycling industry was already struggling before the pandemic. Now, an increasing number of cities are suspending recycling services, partly out of fear that workers might contract the coronavirus from one another while sorting through used water bottles, food containers and boxes. …
Bisnow
When Joe Brady took over late last year as CEO of the Americas at flexible workspace company The Instant Group, new technology was already accelerating change in the office world. In March, that transformation accelerated further when the COVID-19 crisis suddenly upended the nation, forcing millions to work from home.
TechCrunch
Kargo, a Jakarta-based logistics startup co-founded by veteran Uber Asia executive Tiger Fang, has raised $31 million to scale its business and help firms in the Southeast Asian nation fight the coronavirus.
AXIOS
America’s economic crisis soon may expand to its states, cities and towns. The big picture: State and local tax revenue is falling, particularly in areas heavily reliant on sales taxes, while spending is up due to added unemployment and medical obligations.
Bloomberg
Just nine months ago, Masayoshi Son publicly declared Ritesh Agarwal one of the star entrepreneurs backed by his SoftBank Group Corp. The Japanese billionaire boasted that Agarwal’s Oyo Hotels & Homes was poised to overtake the biggest hotel chains in the world just a few years after its founding. “It’s unimaginable,” Son said on stage at SoftBank World in Tokyo. “At 25, he’s going to be world’s biggest hotel king.”…
Bisnow
Commercial real estate firms are rapidly trying to shed their tech-averse nature as they adapt to mandated social distancing, creating a demand surge for proptech companies that allow prospective tenants to tour spaces virtually.
Cascade Business News
Home-grown success story CrowdStreet, which has pioneered a path for individual investors to band together and acquire prime commercial real estate assets nationwide, has passed a staggering $1 billion milestone in total online investments.
Bisnow
Bisnow has a new podcast chronicling how members of the commercial real estate industry are dealing with the impact of the current global health crisis. The economic impacts are vast, and it is forcing businesses to adapt and make difficult decisions.
Yahoo Finance
The coronavirus (COVID-19) outbreak is being felt globally and thousands of Americans have lost their jobs and are struggling to make ends meet and keep a roof over their heads. Homie, a real estate tech disruptor with headquarters in Utah, has partnered with United Ways in Utah, Arizona, and Southern Nevada to help provide relief to those most impacted by coronavirus through a new Homie Fund….
NREI Online
It’s as if co-working giant WeWork absorbed the initial jolt of a 7.0-magnitude earthquake and continues to be rocked by aftershocks. In August, WeWork’s New York City-based parent company filed for an IPO. But only a month later, co-founder Adam Neumann stepped down as CEO and the company yanked the stock offering after the IPO paperwork exposed significant financial and structural problems. Then, in November, the company laid off 2,400 employees….
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