Latest in Commercial Real Estate Tech News by CREtech

CREtech Launches Advisory Services Division

CREtech

5/1/2018

Fast Growing Company Dedicated to Commercial Real Estate Tech Sector Expands to Provide Expert Advisory Services for Brokers, Developers and Startups New York, NY (April 20, 2018) — CREtech (cretech.com), the leading event, content and connectivity platform for the commercial real estate tech industry, has announced its continued expansion with the launch of its new Advisory Services group. Led by Michael Beckerman, CEO and David Nebinski, Director of Growth, the new Advisory Services will f…

How to Tell if Tenants Are Getting Rowdy? One Landlord Found a Solution.

WSJ

5/1/2018

Dave Krauss had a successful Airbnb rental business until one weekend in 2014. A renter supposedly looking for a quiet break with her boyfriend ended up having a two-day “mini-Coachella style rager” at Mr. Krauss’s condo, he says. It wasn’t until two days after she checked out that he discovered what had happened. Fourteen angry neighbors had filed noise complaints, and a cease-and-desist letter forced him to sell the investment property at a $30,000 loss. “It had sullied my reputation. I …

Real estate tech’s game-changers

The Real Deal

5/1/2018

Of all the hats a broker must wear through the course of the job, data scientist is a recent addition. Generating leads through complex algorithms, using microtargeted marketing, and even paying for properties with a virtual currency have become a part of the way business gets done. And with centers for such innovations so close by, with Silicon Valley to the north and Silicon Beach right in town, it behooves L.A.’s brokers to get in on new technologies early. “If you’re not using powerful tech…

These real estate tech game-changers could transform the way brokers do business

The Real Deal – Los Angeles

4/30/2018

(Illustration by Daniel Nyari) Of all the hats a broker must wear through the course of the job, data scientist is a recent addition. Generating leads through complex algorithms, using microtargeted marketing, and even paying for properties with a virtual currency have become a part of the way business gets done. And with centers for such innovations so close by, with Silicon Valley to the north and Silicon Beach right in town, it behooves L.A.’s brokers to get in on new technologies early. “If …

Knotel wants all of your sublease space

The Real Deal

4/30/2018

Knotel, in its ongoing quest to outmaneuver rival WeWork, is now offering companies looking to upsize or downsize a hassle-free service to offload sublease space. The flexible office space startup led by Amol Sarva reportedly conducted the office-swap this week. The company subleased a 45,000 square foot space from Wyng, a software company, that was renting at 360 Park Avenue, according to Crains. The software company had sought to downsize and is moving into a smaller space leased by Knotel …

5 Ways Landlords are Using Technology as the New “Amenity”

CRETech

4/30/2018

Traditionally, FIRE tenants, those in finance, insurance, and real estate, have dominated the pool of office space in commercial real estate. Yet for the last decade or so, TAMI tenants, those in the technology, advertising, media, and information space, have begun outpacing the leasing power of traditional business tenants. Expect that trend to continue. Some estimate that three quarters of the workforce will be made up of millennials in just seven years. They, more than previous generations…

Prologis To Acquire DCT Industrial For $8.4B

GlobeSt

4/30/2018

A Prologis holding. Photo by Prologis. SAN FRANCISCO–Prologis is acquiring rival industrial REIT DCT Industrial Trust in a stock-for-stock acquisition for $8.4 billion. The deal, which boards of directors for both companies have approved, comes as e-commerce activity is driving industrial demand to new heights. Prologis To Acquire DCT Industrial For $8.4B

WeWork is selling $500M in junk bonds

The Real Deal

4/30/2018

WeWork is planning to make its debut sale on the bond market with a $500 million selloff of junk bonds. The Adam Neumann-led co-working company will be issuing seven-year senior unsecured bonds to raise funding for general corporate purposes, and they should price on April 26, according to Bloomberg. WeWork saw revenue of $886 million in 2017, and the company has $706 million in lease commitments this year. It generated $244 million in cash last year and spent $1.5 billion of investments, …

Manhattan Is Tops for Coworking Space, LA Ranks Second: Report

Commercial Observer

4/30/2018

Coworking represents a small yet growing segment of the office market, a new study demonstrates, with Manhattan dominating. Manhattan has 245 coworking spaces equaling 7.7 million square feet, according to a new study by Yardi Matrix, a commercial real estate research and data platform. Los Angeles came in second with 3.7 million square feet in 158 locations. Nine other metros studied have at least 1 million square feet of coworking office product, with Miami being home to the most coworking…

HqO Provides a New App to Promote Amenities and Encourage Community Amongst Tenants of Jamestown’s Innovation and Design Building

HQO

4/30/2018

Mobile Tenant Experience Platform Launches in 1.4 Million-Square-Foot Building in Boston’s Seaport Neighborhood BOSTON, April 30, 2018 (Newswire.com) – HqO, a tenant experience platform for commercial office buildings, today announced that its mobile app for tenants is live in Jamestown’s Innovation and Design Building (the IDB), a mixed-use complex in Boston’s Seaport neighborhood. The IDB is home to some of the fastest-growing and most innovative companies in Boston, including Reebok…

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CREtech Launches Advisory Services Division