Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • An important announcement from CREtech CEO, Michael Beckerman

    CRETech

    Current mood. My dear friend Marc Ecko brilliantly captures my current mood with his illustration above. Thank you Marc for adding a bit of levity to an otherwise terribly serious situation. At CREtech, everything we have built, worked for and strive to be is about one word… ”community”. For the past few years, we have worked tirelessly to build the largest community of real estate tech professionals and enthusiasts in the world. A community is nothing without people and their well-be…

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  • Data Analytics Done Right: Successful Adoption of Analytics in Commercial Real Estate

    COMMERCIALOBSERVER

    The commercial real estate industry is still in the early stages of adopting data analytics as an innovative strategy for managing investments, operations and finances. The tools to analyze a wealth of data relative to location, pricing, appraisals, industry trends, competition, vacancy rates and more are now widely accessible. The challenge is in (a) acquiring the data and (b) developing the analytics necessary to achieve these objectives.

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  • BIM cams for builders

    CONSTRUCTIONINDEX

    Buildots is an Israeli artificial intelligence construction technology firm that has arrived in the UK, opening an office in London. Buildots incorporates artificial intelligence (AI) and 3D computer vision technologies to provide on-site project teams with a platform that tracks activity and progress. Its developers claim that this “optimises subcontractor productivity, increases on-site efficiency and reduces time and costs”

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  • Hines hopes to make a splash with The Square, its first foray into coworking

    BIZJOURNALS

    The COVID-19 coronavirus pandemic does not appear to have affected leasing at The Square, Houston-based Hines’ first play for a piece of the booming coworking business. Annie Rinker, director of Hines’ office of innovation, said tenants have already spoken for 25 percent of the space, which is capable of accommodating nearly 300 people. Rinker said Hines hopes to cross the 30 percent threshold by the end of March, the first month the new space has been open to tenants.

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  • Proptech Check: Q&A With Goodwin’s Minta Kay

    COMMERCIALOBSERVER

    As proptech advances and evolves the way real estate is managed and handled, it has also been transforming the firms and companies within the industry. Goodwin law firm launched its proptech practice a year-and-a-half ago this month, which brought together the firm’s real estate and tech experts to take advantage of the expanding sector.

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  • Oyo Entices Virus-Stricken Hotels in Japan With Cash

    BLOOMBERG

    Oyo Hotels, one of the largest startups in SoftBank Group Corp.’s portfolio, is promising cash to hotels in Japan that join its platform as bookings plunge in the coronavirus-stricken country. The Indian startup, looking to get more hotels into its network and expand its reach, will pay new members a lump sum equal to a proportion of their past year’s revenue, the company said in a statement on Friday.

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  • Handle.com helps independent construction workers get paid on time

    TECHCRUNCH

    From long payment cycles to antiquated processes on how to bill workers, the hefty inefficiencies of the construction industry are long overdue for innovation. Enter startups such as the large venture-backed Katerra and recently public companies such as Procore. Still, independent contractors or workers from small family businesses often can’t afford hefty fees from SaaS platforms promising better management. Or, they don’t have a parent company behind them to foot the bill….

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  • WeWork Stays Open as Some Co-Working Spaces Shut Doors

    BLOOMBERG

    Co-working startup the Wing will close all locations starting Saturday, taking precautions following the global spread of the coronavirus. The company, whose offerings focus on women, has 11 branches in the U.S. and London. Offices will remain closed through at least March 31, the startup said.

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  • Compass brings on former Amazon executive as new chief product officer

    HOUSINGWIRE

    Real estate technology company Compass has hired former Amazon executive Greg Hart as its new chief product officer. During his 23 years at Amazon, Hart was on the digital executive leadership group, where he had a key role in turning Amazon from an online bookstore into a retail and technology powerhouse.

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  • Virus outbreak has cost Airbnb tens of millions of dollars so far

    THEREALDEAL

    Airbnb has lost tens of millions of dollars in booking revenues over the past several weeks in key cities that have been hard hit by the coronavirus outbreak. The home-sharing startup’s booking revenues fell dramatically across 17 key international cities over a span of five weeks starting at the beginning of February, according to analysis by The Real Deal of data from the Airbnb-analytics firm AirDNA.

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