Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CREDiligent
CREDiligent.com announced today the release of the commercial due diligence app CREDiligent for iOS and Android device. Due diligence is the most important part in a real estate acquisition. Finding the deal is primary but analyzing and properly doing the due diligence is pivotal. This is the time when you find out if you’re buying a good deal, or you’re not.
GEEKWIRE
The promise of so-called “low code/no code” software-development tools is to enable anyone to create business applications around their custom needs. It sounds like Amazon Web Services is getting ready to extend that idea to everyone. Based on several LinkedIn resumes and a recent tech talk, it now seems like more than 50 engineers are working on a secretive low-code/no-code project that’s part of an effort called AWS For Everyone. Earlier reports indicated that AWS has for some time been wor…
COMMERCIAL OBSERVER
Coworking and flexible workplace companies had a surge in leasing activity last year, increasing by 200 percent from the year before, but experts don’t expect that stratospheric growth to continue. Leasing activity for coworking firms accounted for 18 percent of all deals in 2018 in Manhattan, with 111 leases signed, a significant increase from the 6 percent it comprised in 2017, according to a year-end CBRE report released today. The sector previously held steady at 6 percent since 2015. (St…
INMAN
The online homebuying startup Knock has announced a new $400 million fundraising round, further intensifying the increasingly fierce competition in the growing space of similar tech-enabled homebuying companies (known collectively as “iBuyers“). Knock said its new funding comes in the form of both debt and equity. The Foundry Group, a venture capital firm, led the fundraising effort, with a number of existing and new investors participating as well….
GLOBEST
2019 will be the year for sustainable design. According to designer Ameen Ayoub of Ameen Ayoub Design Studio, more and more developers and clients are asking about sustainable design and looking for ways to incorporate sustainable features into projects. This includes everything from solar panels to electric charging stations, and the demand is expected to grow significantly in 2019.
WSJ
For more than two months after employees at International Business Machines Corp.moved into a Manhattan building managed by office-space giant WeWork Cos., frequent elevator problems forced workers to climb the stairs of the 11-story building and prompted complaints to the company. One of the landlords behind the building was no ordinary owner: It was Adam Neumann, WeWork’s chief executive, who leased the property to WeWork after buying it, according to people familiar with the situation….
THE SWIG COMPANY
Deborah Boyer named company’s first Director of Innovation and Community Impact, overseeing future-focused initiatives; Connor Kidd to lead Asset Management The Swig Company has announced changes to its executive structure designed to strengthen its industry-leading role in providing tenants with optimal workspace environments as well as redouble its commitment to community. The changes include the creation of a new executive position, Director of Innovation and Community Impact. Deborah Boy…
NY TIMES
When 47-year-old Chris Petrock purchased a three-bedroom, three-story home in Norwalk, Conn., last March, he decided to make it a smart one — where he could control the lights, refrigerator, thermostat, televisions, security cameras and everything in between — with the sound of his voice or a click on his smartphone. Some friends and family members were skeptical. “I think a lot of my friends are kind of scared of it,” he said. But he pressed ahead, purchasing a package of Samsung smart applian…
BUSINESS TIMES
New brokerage HelloOffice has snapped up a handful of Bay Area brokers for its growing team. CBRE Group, Inc. (NYSE: CBRE) brokers Felipe Gomez-Kraus, Mike Iino, John Diepenbrock and Clinton Lee will join the young brokerage company, according to a news release, along with former Cushman & Wakefield (NYSE: CWK) broker Stephen Llevano. Iino and Gomez-Kraus will serve as presidents of the brokerage after building their careers at CBRE and the CAC Group….
CREtech
Sce Pike is the CEO and Founder of IOTAS, a Smart Property Tech company that provides a complete turn-key IoT solution to the Multi-Family-Home (MFH) Industry that helps to increase value by providing a simple, yet elegant Smart Home experience to residents while reducing costs to building owners. Sce’s, pronounced “say”, background has always been centered around smart technology, beginning in Silicon Valley in 2000 when she joined Palm. Later, in 2007, she co-founded Citizen, which sold to Ern…
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