Latest Trends and Insights in Real Estate Technology

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  • Top City Tech Officials from Los Angeles to Participate in Panel Discussion at CREtech Los Angeles on March 27-28

    CREtech

    Largest conference in commercial real estate tech attracts world-class speakers for its upcoming L.A. conference New York, NY (February 15, 2019) — CREtech (cretech.com), the largest event, data and content platform covering the commercial real estate tech industry, announced a new panel session for its upcoming conference in Los Angeles on March 27-28. The session “Los Angeles: A Profile Of A Smart City” will feature three of the city’s top deputies across Technology, Transportation, and Desig…

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  • Zillow Wants to Flip Your House

    BLOOMBERG

    With its tan stucco exterior and red tile roof, the Rittenhouse home on South Star Canyon Drive looks a lot like the other houses in Power Ranch, a large planned community southeast of Phoenix. Mark, a meat buyer for a grocery chain, and Anne, a nurse, bought the house for $293,000 in 2010 during the U.S. foreclosure crisis, which hit the Phoenix area particularly hard. At the time, local home prices were down about 50 percent from their peak in 2006. By late last year the market had recovered,…

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  • Gen-Z Enters Apartment Market With High Expectations

    GLOBEST

    Gen-z is entering the apartment market, and the generation has high expectations for rental living. Luxury student housing has grown in popularity in recent years, and gen-Z has had the benefit of staying in quality housing during college. As it enters the apartment market, it will be looking for a similar living experience with amenities and high-end features. …

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  • Energy storage advances amp up real estate

    JLL

    The fast-developing energy storage market is powering new opportunities for commercial real estate, from diversifying location choices to boosting companies’ revenue and eco-credentials. The technology behind ion lithium batteries has taken big steps forward in recent years, making onsite (also known as behind the meter) energy storage a more viable, reliable and attractive option for all types of real estate. Research by RenewableUK and the Solar Trade Association (STA) revealed that appl…

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  • Online Grocery Startup Uses AI To Skip Physical Stores And Crack Delivery Code

    BISNOW

    A Bay Area startup is taking on one of the biggest barriers to e-commerce’s takeover of grocery shopping. The startup, called Farmstead, delivers groceries to its online subscribers by sourcing produce from farms and storing them in its own “micro-warehouse,” rather than picking from store aisles like Amazon Prime Now does with Whole Foods, or more established apps like Instacart do with participating grocers. The biggest challenge facing grocery delivery is the perishable nature of produc…

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  • In Secondary U.S. Markets, Smaller Coworking Brands Enjoy A WeWork-Free Life

    BISNOW

    Coworking’s rapid expansion has been concentrated in gateway U.S. markets, but smaller coworking providers are capitalizing on untapped demand in smaller cities. And they aren’t afraid of the $47B elephant in the room. “It’s a practical matter,” Serendipity Labs CEO and Chairman John Arenas said. “It’s very hard to transfer some brands outside of big city centers.” While Serendipity Labs has locations in gateway markets like Chicago, Los Angeles and New York City, the coworking company is …

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  • One Investment Firm Found a Silver Lining in the Mortgage Industry: Software

    NY TIMES

    No, this isn’t about Fannie Mae. And don’t get confused with Jed Clampett’s hayseed daughter Elly May on “The Beverly Hillbillies,” either. It’s Ellie Mae, the publicly traded provider of mortgage-processing software-as-a-service to American home lenders. The investment firm Thoma Bravo is paying $3.7 billion to acquire the Pleasanton, Calif.-based Ellie Mae. That’s more than 25 times the software company’s projected earnings before interest, taxes, depreciation and amortization for this year, …

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  • RealNex Brings 3D Virtual Reality to Their Property Listing MarketPlace

    REALNEX

    Stafford, TX February 14, 2019- RealNex and its Virtual Reality partner Pix have just announced another first for the CRE industry, 3D Virtual Reality property listings.  RealNex MarketPlace now enables any user to more effectively present and differentiate their listing with an integrated 3D VR model. Like the rest of RealNex MarketPlace, these listings and the models can be viewed in any web browser or on any mobile device.

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  • Workthere Expands to United States

    SAVILLS STUDLEY

    NEW YORK (February 14, 2019)– International real estate advisor Savills today announced the launch of Workthere in the U.S. Workthere combines a website listing technology (workthere.com) with specialized brokerage service that helps businesses find flexible, coworking and serviced office space around the world. A completely free tool and service for occupiers, Workthere enables any business or individual to search for space, compare options and shortlist those they would like to tour. Local …

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  • Growing pains: Convene co-founder and president Chris Kelly steps back

    THE REAL DEAL

    Chris Kelly, the co-founder of co-working firm Convene, has taken a step back from his role as president at the firm, as the company says it is searching for a new leader with experience to expand globally. Kelly was moved to the role of vice chairman last December at the New York-based firm, which has 23 locations across the country, offering space and amenities, and more recently co-working services to mid-sized tenants. “Convene’s business has evolved over the past 10 years, and my role…

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