Latest Trends and Insights in Real Estate Technology

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  • What’s Going on at Your New York Apartment Building? A New Website Aims to Tell You

    WSJ

    Here is the latest news from the apartment building at 311 E. Third St. in the East Village: Loud music is blasting nearby. Rats are on the loose in the neighborhood. And the building’s last co-op unit sold for $449,000. These were some of the insights recently offered by Localize.city, a new New York-centric website that is trying to find new ways to tell the story of the city, building by building. Localize, a startup that has raised $11 million in funding, is part of a wave of compani…

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  • Canadian RE Firms Boost Honest Buildings’ Series B Round to $25M

    Commercial Observer

    Honest Buildings, a startup that provides a project management platform for real estate owners, has received an additional $3.5 million in funding, expanding its previously announced Series B financing round to $25 million, Commercial Observer has learned. Canadian real estate firms QuadReal and Altus Group funded the additional investment, according to information provided by Honest Buildings to CO. “As a fiduciary of our investors’ capital, QuadReal is always looking for the most effecti…

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  • Related Cos. creates division to expand its office-development pipeline

    Crain’s

    The Related Cos. plans to push deeper into office construction. The developer, which is raising millions of square feet of office and mixed-use space in the Hudson Yards, has promoted an executive involved in that project to lead a new practice group in the company to develop more office projects in the city and around the country. Philippe Visser was named president of Related Office Development, a group designed to tackle upcoming projects including a conversion of the western section of the…

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  • Developer Readies 60-Story Condo Tower For Flying Cars

    Bisnow

    When air taxis start flying in the next 10 to 15 years, CEO of Boca Raton-based Royal Palms Cos. Daniel Kodsi said this Miami residential tower will be ready to handle the traffic. Courtesy: Paramount Miami Worldcenter CEO of Boca Raton-based Royal Palms Cos. Daniel Kodsi IN 48 DAYS! DON’T MISS THE DATA CENTER INVESTMENT CONFERENCE & EXPO, EAST — Virginia 05.31.2018 Paramount Miami Worldcenter, a 500-plus-unit tower underway with more than 70% of its units already sold, is preparing for the…

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  • RE paradigm shift—warehouses are now more valuable than offices. Here are 3 things to know.

    Apto

    Big-box warehouses are officially worth more than office buildings. You read that right. That’s according to a Colliers International report, which said that in 2017 big-box warehouses (measuring at least 200,000 square feet and boasting 28-foot ceilings) sold at an average capitalization rate of 5.8%. That’s below the 6.7% cap rate for all U.S. office space and nearly beats the 5.7% rate for offices in central business districts, Bloomberg reports. Cap rates measure yield, and lower ra…

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  • How Many Apps Does It Take To Change A Lightbulb At The Office?

    Bisnow

    Talent acquisition is top of mind for employers today, and to snag the best talent one must have the best offerings. As robust as amenities packages have become — with offerings including yoga classes, wall climbing and dog day care — at least one study shows that business owners and employees still do not have access to one thing they want: a connection to the landlord. Pixabay In March, app creator HqO surveyed 303 U.S. office workers in gateway markets including San Francisco, Chicago, Boston…

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  • Stadium Developments: Creating a Window of Opportunity for Investors

    Reonomy

    Investors are quick to jump on an opportunity to invest in commercial properties near a new stadium, creating a bubble of increased value. But how long do investors have to get in on the hefty ROI, and when have they missed the boat? Stadiums cause a spur of development in often lower income or underutilized areas of a city. But, we wanted to know how much these stadiums actually affect the value of an area. With so many investors jumping on the opportunity, how long is an investment in t…

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  • AI is Changing the CRE Game: Here’s 5 Ways

    NAI Global

    In a study by Harvard Business Review about the revolution of big data as a management tool, it was found that artificial intelligence used to analyze and apply data to decision making by those at the top of the CRE industry saw an increase of up to 6% in productivitycompared to their competitors. AI is changing the CRE game in several different ways and in turn, having an impact on all CRE sectors in different ways. Here are 5 ways AI is impacting the CRE landscape: #1: Processing Paperwork…

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  • If You Build A Data Center Will Tenants Come?

    Bisnow

    If you build a data center, will they come? That question is up for debate within the commercial real estate community.   Balticservers.com/WikiCommons Location, cost of power, a highly skilled workforce and cool weather make the Seattle area, as well as the whole Cascadia region, a top pick when it comes to data storage. “The significantvalue-add for Oregon and Washington with data centers is hydroelectric power,” Westin Building Exchange strategic planner Michael Boyle said. Still, it is tough…

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  • Facebook to lease out massive WeWork space

    BizJournal – Commercial Real Estate

    As Mark Zuckerberg testifies before Congress, the Menlo Park, California-based social media giant he oversees is gearing up for a big move. According to an exclusive report from sister publication Silicon Valley Business Journal, Facebook Inc. agreed to become one of the main tenants of WeWork’s first Mountain View, California office — its largest-ever lease for WeWork. New York-based WeWork, which drew up its largest-ever lease agreement earlier this year, signed roughly 225,000-square-feet… F…

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