Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GLOBEST
THE REAL DEAL
In an attempt to further diversify its products, Blackrock is pushing further into the tech sector with the $1.3 billion acquisition of a real estate analytics firm. The firm will wholly acquire French company eFront, which offers real estate investors and private equity firms analytics on their portfolio’s performance, and provides guidance on adhering to accounting and regulatory obligations, according to Bloomberg.
ROBERT FINLAY
We’ve seen this coming. Anyone who had a shred of interest in digital transformation and took notice of its eventual upheaval and subsequent implementation within first the consumer-driven industries, followed by industrials, then financial services and finally healthcare should have been prepared for the ripple effect technology would create in commercial real estate. Perhaps the old guard felt insulated by the industry’s reluctance to deviate from the status quo, and most sat by as digital tec…
GLOBEST
PHILADELPHIA PA, AND NEW YORK, NY—Susan Wojciechowski, a real estate veteran of CBRE and NKF, has joined WeWork as global head, client real estate advisory services for the coworking company. With more than 25 years of global real estate outsourcing experience for all real estate service lines, her experience includes business leadership & growth, the formulation and negotiation of complex contract structures, account management, business transformation and operational delivery. She will…
PR NEWSWIRE
FOREST HILLS, N.Y., March 25, 2019 /PRNewswire/ — SoftWorks AI, a leader in artificial intelligence and computer vision technologies for the mortgage industry announces new applications for its Trapeze for Mortgage Automation solution. At this year’s MBA Technology Solutions Conference & Expo, SoftWorks will showcase a preview of its Automated Income Analysis and Verification module. This application enables automatic parsing of financial documents, including most IRS tax forms to substa…
CB INSIGHTS
The next generation of wireless technology could affect a wide range of industries, from healthcare to financial services to retail. Move over, 4G — the next generation of wireless technology is here. 5G is set to enhance connectivity across networks. This is especially important as the number of Internet of Things (IoT) devices rises, along with the amount of data they generate….
CP EXECUTIVE
GLOBEST
VENTURE BEAT
Verizon may have been the world’s first major carrier to launch a commercial 5G network, but a new report suggests that its 5G Home service isn’t practically scalable — its short-range 5G “small cells” are expensive to install, reach too few customers, and might not be economically feasible for a nationwide rollout. That’s the harsh conclusion of research analysts at MoffettNathanson (via MultiChannel), whose “Peek Behind the Curtain of Verizon’s 5G Rollout” report and followup conference cal…
GLOBEST
WASHINGTON, DC—People are spending more and more time in the workplace. Nationwide, the 40-hour work week has become a 47 hour week. In the DC area, the work week averages 48.4 hours. As a result, workers are struggling to balance the demands of their work with their personal lives causing more stress and thus creating the need for wellness and other health-related programming in the workplace. In response, Carr Properties has created the Carr Experience. “The Carr Experience is a reinvention…
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