Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CREtech
At CREtech, we are closely following the latest news regarding the recent pandemic and remain fully aware of the pressure it puts on the wellbeing of businesses within the real estate technology industry.
Yahoo Finance
The global smart cities market is expected to witness significant growth in the upcoming years due to growing government initiatives for overpopulation and urbanization management and growing requirement of resource management for sustainable development. Moreover, the factors such as rise in adoption of IoT and its market application, 5G connectivity, and increasing adoption of connected vehicles & autonomous drones further support the growth of the smart cities market.
Meyers Research LLC
Hanley Wood | Meyers Research, the housing industry’s foremost advisors and provider of rich data, today announced it acquired Bird.i, a Scotland-based company that combines the latest satellite imagery and artificial intelligence (AI) technology to provide valuable land and building insights.
CRETech
Built world and real estate industry experts come together to share actionable advice on what the new normal might look like and how building owners/operators and Occupiers can prepare their buildings for a post-Covid compliant world. This two part series will focus in Part I on the Landlord perspective and in Part II the Occupier perspective.
NINE FOUR VENTURES
Last week, we discussed some of the devastating effects of COVID-19 on not only the real estate industry, but also the world. Airlines, hospitality, restaurants, brick and mortar retail, and nightlife are some of the industries seeing near standstills, as people continue to self-quarantine in their homes. Although the health and safety of the community is priority number one and the shift has generated “little positive economic news” (from last week’s post), we’re also here to tell you it’s not …
The Real Deal
In the most drastic cuts seen in residential brokerage since the pandemic began, Redfin said Tuesday that it would furlough 41 percent of its agent workforce.In addition to the furloughs, the Seattle-based discount firm, an outlier in the brokerage industry for employing salaried brokers, said it plans to reduce its staff by 7 percent, or roughly 236, according to a regulatory filing.
Bisnow
As Dallas-Fort Worth-based Footprints Floors watched the coronavirus pandemic shut down large swaths of the economy, the installer of wood floors, laminates and carpets feared a steep loss in business. After all, employees are unable to enter clients’ properties to conduct project estimates.
Recode Decode Podcast
VaynerMedia CEO Gary Vaynerchuk talks with Recode’s Kara Swisher about the impact of covid-19 on entrepreneurship, why he stopped investing in tech companies two years ago, and how the pandemic could have a silver lining — separating the winners from the losers. Vaynerchuk also talks about why tech and Fortune 500 businesses will have an easier time weathering the crisis than restaurants and other small businesses; his own rise to fame as a “web 2.0” entrepreneur and how he’s changing his own M….
Wall Street Journal
Airbnb Inc. is raising $1 billion in funding from private-equity firms Silver Lake and Sixth Street Partners as the company reels from a global hit to its business caused by the coronavirus pandemic.
Rise Buildings
To help communities stay connected and informed in our new normal, Rise Buildings is making our communications suite available for free to all properties. Rise will also cover costs associated with text, automated voice call, and related server needs. This #RiseFeature is one of the 6 ways properties are using Rise to navigate uncertain times….
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