Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GLOBEST
San Diego is on the path to building the largest smart city IoT platform. In its partnership with Current by GE, the city has announced plans to launch new smart city apps and lighting controls. The apps will help residents navigate and improve parking, traffic and public safety on city streets.
CB INSIGHTS
SoftBank Group has made several big name investments across insurtech and real estate, including deals to WeWork, OYO Rooms, PolicyBazaar, and Lemonade. SoftBank wants its portfolio companies to get along. The Japanese conglomerate’s recent investments in insurtech and real estate tech point to a strategy of promoting collaboration among its portfolio companies.
JLL REAL VIEWS
With over five million apps available across the world, just about every fathomable function of daily life can be aided by a finger-tap on a smartphone. People spend at least two hours a day using apps. But so far this US$1.3 trillion market has barely serviced the place they spend most of their waking hours: the workplace. That’s starting to change….
GLOBEST
BOSTON—Verizon, which announced in August plans to lease more than 450,000 square feet of space at The Hub on Causeway, says it will spend approximately $600 million to expand its operations here and transform Boston into a digital city of the future.
THE REAL DEAL
Being a New York City rental broker has always been a tough gig. But the job is getting even harder. It’s now been exactly one year since StreetEasy began charging a daily $3 fee to post a rental listing on its site — a move that hit brokers in the pocketbook at a time when margins were already thin….
DWS
DWS invests in Skyline AI as a minority shareholder The strategic partnership is designed to allow DWS to build on its extensive real estate investment management experience using Skyline AI’s technology Part of DWS strategy to invest in and expand product capabilities DWS Group today announced that it has entered into a strategic partnership with and has become a minority shareholder in Skyline AI, a real estate asset management technology company. Skyline AI uses…
FORBES
If you think of blockchain, you might think of data, secrecy or decentralization. But its primary purpose was to act as a digital time stamp and was first used in 1992 by Haber and Stornetta to create a verifiable audit trail. Back then time-stamping was incredibly useful in their scientific space, where ideas were currency and you needed to protect them….
BISNOW
Billions of dollars have been poured into PropTech startups in recent years, and it has not just been traditional venture capital firms funding the booming sector. Legacy commercial real estate firms that spent decades focusing their investment on physical properties have begun launching venture funds to invest in technology companies, aiming to solve problems in their portfolio and bring in big returns.
BISNOW
CBRE has brought on a former WeWork executive to work at its new coworking offering. Robert Cartwright joined the new company, called Hana, in September as chief operating officer, The Real Deal reports. He was previously WeWork’s senior vice president of global operations, a position he left in August, according to his LinkedIn profile.
PR NEWSWIRE
SAN RAFAEL, Calif., Nov. 20, 2018 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK) has signed a definitive agreement to acquire PlanGrid, a leading provider of construction productivity software, for $875 million net of cash. This acquisition will enable Autodesk to offer a more comprehensive, cloud-based construction platform….
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