Retailers Are Testing Facebook-Style Shopper Profiles to Battle Amazon
BLOOMBERG
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
BLOOMBERG
THE REAL ESTATE INNOVATORS
NavigatorCRE, enables the alignment of data and program functionality into a single secure operating system to empower clients. Offering a core platform to strategize, manage and execute with greater effectiveness and efficiency. NavigatorCRE helps to identify strategies regarding market trends, opportunities, individual property or portfolio details with integrated performance analytics critical to core business purposes.
THE REAL DEAL
Home-buying startups that use technology to offer sellers a quick deal are increasingly offloading homes to institutional players that convert the homes into rentals. One in 10 homes sold by startups like Opendoor and Offerpad were snapped up by such institutional investors so far this year, according to a new analysis by Attom Data Solutions.
WSJ
Amazon.com Inc. AMZN 4.86% is testing its cashierless checkout technology for bigger stores, according to people familiar with the matter. If successful, the strategy would further challenge brick-and-mortar retailers racing to make their businesses more convenient. The online retail giant is experimenting with the technology in Seattle in a larger space formatted like a big store, the people said….
THE REAL DEAL
Knotel, the fast expanding flexible office company, is looking past the United States and Europe for more office space and has headed south to Latin America, with plans to open office space in Brazil. The firm said this week it will open 100,000 square feet in offices across São Paulo, before expanding into Rio de Janeiro, according to Bloomberg.
MICHAEL BECKERMAN
How will technology impact commercial brokerage now? Let’s talk about tech’s ultimate impact on the commercial brokerage sector. The first dialogue in this sector centered on how tech would replace the broker—42Floors was meant to upend commercial real estate. I knew it would never happen. Brokers were, and are, too entrenched. These decisions are simply too important to trust to a pure technology solution. But that doesn’t mean the industry will remain static. I knew it was a long shot, but …
GLOBEST
Technology is looked at as a curse by some property managers who say that technology is not addressing common “pain points.” The Common Areas Property Management and Technology Sentiment Report from software company Common Areas, shows that property managers consider technology both a “blessing and a curse.” The areas of concern—or pain points—named in the survey include cost of technology, integration, seamless transitions and scalability and customization.
CHICAGO BUSINESS
After getting blank stares from young tech execs when he handed them a stack of paper about options for office space, tenant rep Bobby Goodman decided he needed a digital alternative. So he created one. His platform, called Truss, is akin to a commercial real estate version of residential listing sites like Redfin or Zillow. An artificial intelligence-powered virtual assistant helps tenants find space of less than 10,000 square feet—the size that small and midsize businesses need but which …
WSJ
Plush sofas and craft beer on tap are prized amenities at the shared New York space where Elizabeth Tobey works. Neither comes close to the office’s phoneless phone booths. The sleek enclosures-almost always constructed of glass, with a seat and maybe a table-are popping up in workplaces with open-floor plans.
THE REAL DEAL
Cadre, the real estate crowdfunding platform partially owned by Jared and Josh Kushner, is leaping headfirst into the Opportunity Zone craze. Cadre’s CEO Ryan Williams tweeted about the launch on Friday morning, framing it as an opportunity for investors to deploy funds into “under-served markets throughout the U.S.”…
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