Latest Trends and Insights in Real Estate Technology

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  • Meet the New Co-CEOs of WeWork

    WSJ

    WeWork’s decision to replace co-founder Adam Neumann with two chief executives suggests a desire to establish both credibility and continuity by pairing an accomplished technology veteran with a longtime insider. On Tuesday, Mr. Neumann, the company’s charismatic co-founder, agreed to step down as CEO under pressure from the board while remaining nonexecutive chairman of We Co., as the company is officially known. In his place will be the tandem of Sebastian Gunningham, We’s vice chairman who…

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  • Tenants Seek Workplace Hospitality, Amenities

    GLOBEST

    SEATTLE—Private equity real estate investment firm, Unico Properties LLC, a subsidiary of Unico Investment Group LLC, has appointed tenant tech provider Equiem to launch its app across three West Coast properties with nearly 2 million square feet. Equiem will roll out at Unico’s 1111 Third Ave., a recently repositioned 30-story tower in Seattle’s CBD; the Logan Building, a 10-story office building in downtown and the 42-story US Bancorp Tower, Portland’s largest office building at more than 1.2 …

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  • Lyft revamps app to focus on multimodal transportation

    TECHCRUNCH

    Lyft  is rolling out an update that makes it possible to access bikes, scooters, transit and car rentals within the app. Uber, however, did something similar more than one year ago. With Lyft’s update, customers can more easily see all of the transportation modes available to them….

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  • WeWork C.E.O. Adam Neumann Steps Down Under Pressure

    NEW YORK TIMES

    Adam Neumann turned WeWork into one of the most valuable start-ups in the world largely through the force of his outsize personality. He persuaded investors to give him billions of dollars and employees to believe that the shared-office company was changing the world. That same mix of ambition and idealism forced Mr. Neumann to step down as chief executive after a lengthy board meeting on Tuesday. He was under pressure from directors and investors after he led a botched attempt to take the clos…

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  • My Startup Chose Not To Exploit Gig Economy Workers—Here’s Why

    MEDIUM

    I’m well familiar with the initial lure of the gig economy. Five years ago this week, on September 14th 2015, my cofounder Jessica Beck and I launched our company, Hello Alfred. As entrepreneurs developing a service-based idea, everyone we spoke with championed the idea of “flexible” 1099 labor. Instead, we made a purposeful decision to buck the trend from the beginning, choosing instead to make every employee at Hello Alfred a W-2 worker with full benefits despite higher cost, complexity, and c…

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  • What Drove SoftBank’s Vision Fund Up Is Dragging It Down

    WSJ

    Investors’ sudden skepticism toward pricey, profitless tech companies is threatening SoftBank Group Corp. 9984 -1.82% ’s Vision Fund, which may take a hit on some of its high-profile investments. The bungled initial public offering of WeWork’s parent, We Co., is the first big blow to the fund. Executives of the shared-office-space provider and investment bankers advising the deal expect We’s valuation to drop to one-third of its last private-market valuation of about $47 billion or possibly…

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  • Ferguson Partners Appoints Linda J. Isaacson As Managing Director

    CITY BIZ LIST

    Ferguson Partners is pleased to announce Linda J. Isaacson as the firm’s Managing Director and Global Head of Innovation and Technology. Isaacson, a veteran in the real estate and PropTech industries, will look to empower clients to create innovative cultures that embrace digitization and creativity through Big Data, PropTech, FinTech,ConTech and AI,among other emerging technologies and venture capital opportunities. Leading Ferguson Partners’recruitment of next generation,tech-savvy leaders, sh…

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  • Coworking operator’s Philadelphia affiliate files for bankruptcy protection

    PHILADELPHIA BUSINESS JOURNAL

    An entity affiliated with Joynture, a coworking operator that has 33,000 square feet of space on South Street in Philadelphia, has filed for Chapter 11 bankruptcy protection. Joynture 417 South Street Inc. made the filing Sept. 9 in the Bankruptcy Court for the Eastern District of Pennsylvania. It lists assets between $50,001 to $100,000 and liabilities between $500,001 to $1 million. One of Joynture’s shareholders, Faisal Zafar, indicated on the filing that he had also voluntarily filed for Ch…

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  • With 222K SF WeWork Anchor, Rudin Set To Open Dock 72 Office Project

    BISNOW

    Back in 2013, a 3-year-old coworking startup named WeWork came to New York’s Rudin family, local real estate royalty, with an idea. The Brooklyn Navy Yard had approached WeWork about a location in the sprawling redevelopment of the decommissioned shipbuilding facility, and the company approached Rudin Management to gauge the family business’s interest in a major Brooklyn office project.

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  • Construction Tech Unicorn Procore Reportedly Eyeing An IPO

    CRUNCHBASE

    Procore, which has developed cloud-based construction management software, is joining the herd of startups that are headed for the public markets, according to a Bloomberg report. As we’ve reported extensively, construction tech is one of those spaces that has not been considered traditionally sexy. It is, however, an industry that is growing both in terms of the number of companies receiving funding in the space and in terms of more mainstream investor interest. It’s also seeing more exits….

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