Latest Trends and Insights in Real Estate Technology

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  • New JLL Technologies Group to Be Led by Mihir Shah and Yishai Lerner

    MARKETS INSIDER

    CHICAGO, Sept. 30, 2019 /PRNewswire/ — JLL (NYSE:JLL) today announced the formation of JLL Technologies, a new business division that will align and expand its technology and digital initiatives, and accelerate innovation in commercial real estate for its investor and occupier clients. Longtime Silicon Valley veterans Mihir Shah and Yishai Lerner, who have led JLL Spark since 2017, have been named to oversee JLL Technologies and will join the company’s Global Executive Board….

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  • WeWork proves that (venture) capitalism works

    TECHCRUNCH

    What’s the lesson of WeWork? Here’s a startup that has been a darling of Silicon Valley investors for years, whose offices and CEO have been stunningly painted across the covers of major trade magazines and strategically deployed across major tech conference stages, including our very own. At its peak, the company commanded a valuation of tens of billions of dollars and was supposed to be on course for the stratosphere, joining companies like Google and Facebook….

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  • How Cutting Edge Research and Material Manipulation Will Impact CRE

    GLOBEST

    ORLANDO, FL—Skylar Tibbits, co-director and founder of the Self-Assembly Lab at MIT, is on the cutting edge of 4D technology. In his Self-Assembly Lab at MIT, he focuses on the future of how to make things mapped out—and the implications. “Software changes design and the way that we work,” the keynote speaker said at CREW’s Network Convention here in Orlando, FL. “Imagine, as just one example, water pipes that are ‘intelligent,’ that can contract and expand as needed,” he said. “Code is a new…

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  • PeerStreet Wins CREtech 2019 Real Estate Tech Award

    BUSINESS WIRE

    LOS ANGELES–(BUSINESS WIRE)–PeerStreet, a marketplace for investing in real estate backed loans, is pleased to announce that it won first place in CRETech’s 2019 Real Estate Tech Awards (RETAs for the Information & Intelligence – Crowdfunding category. PeerStreet was chosen for its unique business model: a two-sided marketplace for investing in real estate debt that is both the first of its kind and the largest. The PeerStreet marketplace sources short-term real estate loans from a nation…

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  • Real estate tech company expands D.C. footprint with Aria partnership

    WASHINGTON BUSINESS JOURNAL

    Real estate company Blueground has made its largest deal in the District so far, partnering with Aria Development to expand its rental concept to Foggy Bottom. New York-based Blueground, like competitors WhyHotel and Sonder, leases and furnishes unoccupied apartments for shorter-term stays. Its most recent deal is for 18 units at Aria’s The Remington, which recently underwent a renovation….

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  • Airbnb Arbitrage: How Professional Hosts Are Filling The Unicorn’s Call For Quality Rentals

    FORBES

    As Airbnb prepares to become a publicly traded company in 2020, the home-sharing marketplace is signaling a huge appetite for high-quality supply. It’s a move from helping everyday homeowners build small businesses to also propelling a handful of professionals to large ones. Startups have appeared with offerings ranging from a house in Denver where every item is for sale to condo towers in Miami and Austin purpose-built for home sharing….

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  • Now You Can Build Your Own Real-Estate Empire, $100 at a Time

    WSJ

    A financial-technology startup is taking on the difficult task of enticing mom-and-pop investors to invest in small slices of office towers and other commercial buildings. Lex Markets aims to serve as the intermediary between investors and real-estate firms looking to sell stakes in individual properties, arranging securities sales in increments of $100 and listing the offerings on its platform. It is the latest effort to capitalize on retail investors’ growing anxiety over the lower ret…

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  • Well Buildings Are Key to Employee Satisfaction

    GLOBEST

    ORLANDO, FL—The way a building is designed and the way people operate within the building has an impact on the people inside. That is according to panelists during a breakout session at the CREW Network Convention. Whether they live, work or play in the building, the amenities you offer can impact satisfaction and retention for employees and tenants. First up was speaker Jessica Cooper, International WELL Building Institute, who talked a bit about elevated stress levels, health, physical and …

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  • The purge continues: WeWork’s head of real estate is leaving

    THE REAL DEAL

    Today’s roster of WeWork departures includes Granit Gjonbalaj, the company’s head of real estate development. Gjonbalaj, who oversaw real estate operations including design, construction, project management and development, signalled his intent to resign earlier this week, people familiar with the matter told The Real Deal. He is currently negotiating his exit package. Gjonbalaj said in a statement that he was proud and honored to have worked at WeWork and was confident the firm would do w…

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  • Virtually No One Will Lease to WeWork. That’s a Drag on NYC’s Office Market.

    WSJ

    Turmoil at WeWork is causing the shared-office-space company to all but stop signing new leases, a fresh blow to New York City’s already softening commercial real-estate market. Since We Co. Chief Executive Adam Neumann stepped down on Tuesday, the company has reversed its rapid growth strategy, looking to slow its expansion, shed head count and assets, and move closer to profitability. That new approach initially included a decision to forgo signing any new leases, according to people f…

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