Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
ALLEN BUCHANAN
I read with great interest Jeff Collin’s column entitled – Will Online IBuyers Upend Home Sales? If you missed the column – shame on you! But, allow me to provide you the abridged version. Currently, there is a trend in residential sales wherein on-line buyers purchase your house quickly and you avoid the hassle of the marketing steps – choosing an agent, pre-sale prep, repairs, staging, showing, negotiating and closing.
MOBILE MARKETER
The rollout of high-speed 5G mobile service is set to drive growth of augmented reality shopping to 100 million consumers by next year, researcher Gartner estimates. Retailers will add AR technology, which overlays digital images on a person’s view of the real world, to their stores and e-commerce channels to provide more immersive experiences for shoppers….
TECHCRUNCH
Teachers are notoriously underpaid, and buying homes is notoriously expensive. This is where Landed, which just raised a $7.5 million Series A round led by Initialized Capital, comes in. Landed helps educators buy homes by providing them with down-payment assistance. That’s because many teachers leave their jobs due to a lack of stable housing. In Berkeley, Calif., for example, more than half of the school district’s employees reported they considered leaving because of the high costs of housi…
CREtech
CREtech Returned to Los Angeles for its 4th Year With Record Breaking Turnout for West Coast Event New York, NY (April 8, 2019)— CREtech (cretech.com), the largest event, data and content platform covering the commercial real estate tech industry, returned to Los Angeles on March 27-28 with a record breaking turnout for its first ever two-day conference, held at the historic Shrine Expo Hall. Over two days, approximately 1000 attendees gathered in Los Angeles to hear from and network with…
BISNOW
VTS is setting out to change the landscape of CRE analytics. VTS co-founder and CEO Nick Romito said the commercial real estate industry lacks a tool like Zillow, which provides investors, tenants and brokers in the residential real estate live market comparables and data points to assess the strength of each asset.
CP EXECUTIVE
Demand for coworking space continues to spread across Europe, and while London remains in the lead, certain metros appear poised to become strong players, according to Cushman & Wakefield’s European Coworking Hotspot Index. The report explores a formula for determining where the trend will most likely hit next.
BLOOMBERG
Some of the world’s largest lenders, law firms and real estate companies are turning to the technology behind Bitcoin to streamline the process of buying and selling property. Barclays Plc, Royal Bank of Scotland Group Plc and Clifford Chance LLPwere among 40 companies to test a new platform developed by Instant Property Network, a company backed by blockchain software firm R3. IPN said it could cut the time it takes to buy a house from months to weeks and, if applied globally, could result i…
Evan Rosenburgh
Guest post by Evan Rosenburgh, Director, Digital Product Sales, CBRE Two years ago, as part of their “build, buy and/or partner” technology strategy, CBRE acquired Floored, a venture-backed real estate technology startup focused on visualizing space in 3D. This acquisition gave CBRE access to Floored’s two marquee products along with a team of highly talented software engineers, product managers and sales professionals. Now dubbed CBRE Build New York, CBRE has continued to invest in growing t…
DAILY BEAT NY
CrowdStreet is a crowdfunding platform which allows individual investors to participate in direct real estate investments. The startup also licenses its investment management software to make the process of raising capital more efficient for sponsors. By the numbers: Since its inception in 2014, the CrowdStreet Marketplace has raised over $506 million across 310 deals for real estate operators and sponsors.
BISNOW
Technology is already having a profound effect on how buildings are designed, built and occupied, but perhaps the most interesting part about discussing the effects of technology on the built environment is what could be waiting around the corner. “There’s so much opportunity, it’s really going to be hard to see exactly where the road will take us,” said Kamala Subbarayan of Google’s Real Estate and Workplace Services.
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