Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
BISNOW
Members-only and often star-studded coworking provider NeueHouse has raised $30M from private investors to kick-start its expansion at a time when the coworking sector is growing increasingly competitive. Investors included InterActiveCorp. and Expedia Chairman and Senior Executive Barry Diller, who also made an $8M bet on the company last year.
PR WEB
SharpLaunch, the all-in-one commercial real estate marketing software for the CRE industry, announces a new property syndication partnership with Brevitas, an exclusive international marketplace for leasing and investment sales opportunities. The partnership provides SharpLaunch customers additional opportunities to expand visibility of their listings with Brevitas’ extensive network of principals, brokers, and tenants who demand the most efficient technology to aid in property acquisitions or …
MICHAEL BECKERMAN
Space as a Service Headwinds Grow Stronger by the Day A long, long time ago… For as long as I can remember, the commercial real estate industry had five core pillars: office, retail, industrial, multifamily, and hospitality. As decades passed, each subsector of the real estate industry saw few significant changes. This stagnation was especially apparent within office buildings—they were usually multi-story and multi-tenanted. Of course, trends did come and eventually pass—massive suburban …
BISNOW
LONDON — Property is coming round to Charles Armstrong’s way of thinking. A very well-known property developer is waiting to meet him after our interview to talk about the possibility of working with the Trampery, his shared workspace social enterprise. Armstrong is increasingly a man in demand. The Trampery was set up in 2009, a tiny coworking facility in Shoreditch, London, when the word hadn’t even been coined yet, an early mover in what is now a multibillion-dollar global industry. But Ar…
LA BUSINESS JOURNAL
Fifth Wall Ventures co-founder Brendan Wallace is an advocate for new technologies and not just in his professional life as the managing partner of a venture capital firm focused on real estate technology. Wallace, 37, typically zips the four blocks from his house to Fifth Wall’s Venice headquarters on a Lime scooter, one of the ride-share vehicles that have become almost ubiquitous in Los Angeles.
INC42 MEDIA
In late 2016, the VC and PE industry was shocked by SoftBank’s announcement of its $100 Bn Vision Fund. The idea behind the fund was to invest in late-stage technology companies. Riding on its impressive 44% Internal Rate of Return over its 18 years of existence, SoftBank was able to close $93 Bn in commitments within just seven months.
GLOBEST
NEW YORK CITY—A recent report from Cushman & Wakefield revealed that Manhattan office leasing activity soared to the highest level in four years in the third quarter of this year, with 9.6 million square feet of space transacted. Reflective of the buoyancy of the local employment market which increased by 53,000 jobs last year, the stats indicate that 2018 is a good time to own office space in New York City.
FORBES
Goldman Sachs forecast a $100 billion market opportunity emerging for drones from 2016 through 2020. We are more than halfway through that window, and real estate is one of the industries feeling the greatest reverberations from drones’ arrival. Drones are able to collect data in unprecedented ways, complete tasks like physical inspections too risky for humans and are impacting the marketing of real estate to investors or buyers in ways never before possible.
GLOBEST
Autonomous vehicles or AV’s may be the next wave to wash over the retail industry and the state of Florida — with more than 11,000 shopping centers or more than its share with almost 10 percent of the US total — may be at the forefront.
BISNOW
As the coworking in retail centers trend gains momentum across the country, flexible meeting and workspace provider Convene has entered a strategic partnership with New York-based tech-driven convenience store chain New Stand to bring retail into the coworking space.
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