Latest Trends and Insights in Real Estate Technology

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  • Smarter AC Systems Could Help Relieve Grid Pressure

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Startups like Parity are optimizing HVAC systems in large buildings to reduce energy use and shift demand during peak times. By automating energy adjustments, Parity helps buildings cut energy consumption by up to 30% and reduces grid strain during heatwaves, benefiting utilities and building owners alike. This technol…

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  • AI-Driven Data Center Emissions Expected to Triple by 2030: Morgan Stanley Report

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Morgan Stanley projects U.S. data center carbon emissions will triple by 2030, driven by AI advancements. The report forecasts 2.5 billion metric tons of emissions annually, with 60% linked to energy use and the rest from construction and materials. AI is fueling rapid data center expansion, contributing to a jump in carbo…

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  • AI, Electrification Trends Set to Spike U.S. Electricity Demand

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  A new report from consulting firm ICF forecasts a sharp rise in U.S. electricity demand due to artificial intelligence growth, building electrification, and electric vehicle adoption. By 2045, demand is expected to increase by 13%, with a potential 19% rise in electricity costs by 2028. The mid-Atlantic region, driven by data …

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  • Microsoft and BlackRock Aim to Raise $100 Billion for AI Data Centers

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Microsoft and BlackRock have formed the Global Artificial Intelligence Infrastructure Investment Partnership (GAIIP) to raise up to $100 billion for AI-focused data centers and power infrastructure. The initial target is $30 billion, with potential growth through debt financing. This partnership includes Global Infrastructure Part…

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  • Cherre Raises $30M Series C to Expand Real Estate Data Platform

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Cherre, a leading real estate data management platform, has secured $30 million in a Series C funding round led by HighSage Ventures, alongside Nuveen Real Estate, RXR, and TA Realty. This capital infusion will fuel Cherre’s continued growth, enhancing its data intelligence tools and services for real estate organizations. The funding…

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  • CREtech New York 2024 Announces Recruitment Center in Collaboration with LMRE

    CREtech

    New York City, NY – September 13, 2024 – CREtech New York, the leading real estate innovation conference in the United States, is proud to announce the return of the Recruitment Center at its 2024 event, taking place at the Javits Center on November 13-14. Following the success of its inaugural launch in London, the Recruitment Center, hosted in collaboration with LMRE, a global leader in Real Estate Tech & Innovation talent management, will once again provide an exclusive opportunity for bo…

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  • Re-Leased Secures $12.5M to Enhance AI Integration

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Cloud-based property management firm Re-Leased has raised $12.5 million in an oversubscribed funding round led by Movac, with participation from Icehouse Ventures and existing investors. The funds will help enhance AI capabilities within its platform and support expansion efforts in the UK and US. This investment underscores the growi…

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  • OpenAI to Establish First Overseas HQ in London’s King’s Cross

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  OpenAI, the developer behind ChatGPT, is nearing a lease agreement for its first international headquarters at Fora’s York House in London’s King’s Cross. The company is expected to occupy multiple floors at the 221 Pentonville Road location. This move comes a year after OpenAI announced London as the site of its first international offic…

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  • Massachusetts Communities Embrace Green Building Codes for a Sustainable Future

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Since Massachusetts introduced its specialized stretch code in 2023, 45 municipalities, representing 30% of the state’s population, have adopted the new guidelines aimed at reducing carbon emissions in buildings. This voluntary code encourages energy-efficient and electrified construction, pushing the state closer to its 2050 carbon-neutr…

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  • Colorado Secures $20M to Advance Building Decarbonization in Disadvantaged Communities

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Colorado’s ambitious plan to slash carbon emissions from large buildings just received a major boost, with a $20 million grant from the U.S. Department of Energy (DOE). This funding will support the implementation of the state’s building performance standards, which mandate that buildings over 50,000 square feet cut carbon emissions. The …

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