Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
THE REAL DEAL
WeWork may be 1 World Trade Center’s newest tenant. The co-working giant is reportedly close to finalizing a large lease in the office tower, bringing the company closer to being the city’s top office tenant.
BLOOMBERG
This spring, Uber moved into a cavernous brick building at San Francisco’s Pier 70, along a postindustrial stretch of waterfront. Shipbuilders occupied the 130,000-square-foot facility in the late 1800s, but today Uber uses it to tinker with self-driving cars, flying taxis, and, most recently, scooters.
VENTUREBEAT
Amazon’s expansion into brick-and-mortar shows no sign of slowing down. The retailer today opened the doors at its second Amazon Go convenience store in Seattle, located in downtown Seattle at the corner of 5th and Marion. And like the first, it’s cashierless — shoppers can check out without the need to scan the items in their baskets.
REAL ESTATE WEEKLY
Momentum for real estate tech companies is barreling forward after a $13 billion year and a strong trend so far this year. According to RE:Tech’s July 2018 report, the industry poured $659 million into 34 real estate tech startups last month, following $654 million invested in June. And in 2017 overall, real estate tech companies raised more $12.6 billion in global investments, according to RE:Tech’s 2017 report.
BISNOW
Technology has been making its way through industries like a bull in a china shop, but commercial real estate has remained largely untouched — until now.
CRETech
By Anjee Solanki, National Director, Retail Services, Colliers The property market is one of the most competitive niches in the world, and the future of extended reality is about to up its game. Extended reality and more familiarly, VR tech is revolutionary as it allows prospective clients to experience site selection without incurring any expense other than their time. With greater viewability from ‘virtually’ anywhere in the world, CRE brokers and landlords have the potential to scale their…
CRETech
The United Kingdom’s second largest airport processes 45 million passengers a year. Gatwick Airport’s footprint includes two terminals and a combined 258,000 square feet for to navigate. How do stressed passengers find their way from check-in desk to gate? With an award-winning augmented reality (AR) app that earned Mobile Innovation of the Year award at the National Technology Awards. It’s working proof that AR isn’t fantasy and has real-life applications for commercial spaces today. How Gatwi…
PITCHBOOK
The US real estate market is booming—and so is the real estate tech industry. In 2008, businesses in the real estate tech space in the US brought in a total of $41 million across just seven deals, according to the PitchBook Platform. Contrast those numbers with what’s happening a decade later: So far in 2018, companies in the category have raised a total of $1.3 billion across 73 deals—and there are still four months left in the year….
HOUSINGWIRE
Rentlogic, a tech platform utilizing an algorithm and public data to grade New York City residential buildings, just closed a $2.4 million seed funding round.
TECHCRUNCH
Moving to a new city can be tough for a number of reasons, but what’s arguably hardest about moving is a competitive and expensive housing market, and lack of a pre-existing social support network. That’s the problem startup Bungalow is trying to solve.
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