Latest Trends and Insights in Real Estate Technology

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  • Manhattan Office Market 2ND QUARTER 2019 REPORT A NEWS RECAP AND MARKET SNAPSHOT

    ABS PARTNERS

    The bill that has radically reformed New York City’s rent laws impacting rent regulated and rent stabilized housing was signed by Governor Cuomo on Friday, June 14, 2019. The Housing Stability and Tenant Protection Act of 2019 reportedly marks the first time in decades that major reforms to the rent laws have been enacted; and for the first time extends the protections to other counties that choose to opt in and are facing a housing emergency. The signing came just moments following pass…

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  • UPS Ventures Invests in Self-Driving Trucking Startup

    WSJ

    United Parcel Service Inc. ’s venture-capital division, UPS Ventures, has acquired a minority stake in self-driving trucking startup TuSimple Inc., signaling the delivery company’s continued push into autonomous driving. In addition, UPS will expand a partnership it began with TuSimple earlier in March for the startup to carry truckloads of goods between Phoenix and Tucson, Ariz., said UPS Ventures Managing Partner Todd Lewis. TuSimple’s trucks operate autonomously with a human operator on ab…

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  • Nvidia CEO: AI is the single most powerful force of our time

    VENTUREBEAT

    Nvidia CEO Jensen Huang said AI would drive long-term demand because it is the “single most powerful force of our time.” Nvidia reported earnings and revenues that beat analysts’ expectations as demand for graphics and artificial intelligence chips picked up in the second fiscal quarter. Huang also said his company’s near-term growth will come from gaming and a couple of variants of the company’s artificial intelligence chip business: inferencing and AI at the edge….

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  • LA-based Upfront Ventures has two new general partners, bringing its GP count to eight

    TECHCRUNCH

    Upfront Ventures, the 23-year-old, LA-based venture capital firm, is gearing up for far more deal-making. In addition to filing paperwork with the SEC this summer to raise its third growth-stage investment fund (it is also investing a $400 million early-stage fund and probably announcing another soon), the firm just added two new general partners to its lineup of investors. One of them, Michael Carney, joined Upfront as a principal in 2015 after working as an editor at the news site PandoDaily…

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  • Don’t worry, WeWork has only committed $47B to landlords

    THE REAL DEAL

    WeWork’s future as a public company collided headlong this week with investors’ biggest concern: What happens in a downturn? Nine hours after the co-working company filed its IPO prospectus, the Dow plunged 800 points on Wednesday. With a possible recession looming, WeWork’s parent, the We Company, disclosed that over the next 15 years, it has $47 billion in lease commitments. That’s the same amount as its latest valuation, and that figure is in addition to $6 billion debt.

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  • Co-working Operators Set for Expansion in the Southeast

    NATIONAL REAL ESTATE INVESTOR

    The co-working sector continues to expand in the Southeast, piggybacking off the area’s job and population growth, according to industry sources. “[Co-working space in the Southeast] is absolutely expected to continue to grow,” says Austin DuBois, assistant director of Workthere, an office space rental agency launched by real estate services firm Savills in 2017. “We are seeing more and more local and regional providers open their doors and we’re also seeing a lot of groups expand i…

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  • Yardi Rent Café CRM Software Adoption Up 34%

    GLOBEST

    Yardi Rent Café’s customer relationship management software is has seen a major increase in product adoption. The software now has 3.1 million users, an increase of 34%. The software has substantial benefits. It helps to capture leads, automates follow-ups and centralizes communications to increase conversions and retention for property management companies.

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  • Is $47bn WeWork the office of the future – or an overvalued confidence trick?

    THE TELEGRAPH

    It is not every day that a corporate document filed with financial regulators begins with a sentence like: “We dedicate this to the energy of we – greater than any one of us but inside each of us.” Still, that is how WeWork, the rapidly growing office rental company with hundreds of elegantly-decorated beachheads in major cities around the world, began the official prospectus for its hotly-anticipated public float later this year….

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  • ATYPICAL, A Premier Full-Service Commercial Real Estate Marketing Agency

    ATYPICAL

    ATYPICAL (different from all others of the same type) is a full service sales marketing agency working exclusively in the Commercial Real Estate (CRE) space. We combine our technology background, marketing know-how and real estate experience to boost adoption in the real estate industry. We provide consulting on marketing strategy, dedicated teams to help execute the strategy and targeted marketing campaigns.

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  • STRATIS IoT Scales Inc 5000 Fastest Growing Companies List, Moving Up 148 Spots

    PR WEB

    Inc. magazine ranked STRATIS IoT on the 2019 Inc 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. STRATIS ranked 740th in its second consecutive year, moving up 148 spots. Only one in four companies ever achieves multiple years on the Inc 5000. In the past year, STRATIS has seen unprecedented growth with a 30% increase in units installed, currently totaling nearly 325,000 units in the U.S. and 18,000 internationally. With a new international expansion s…

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