Latest Trends and Insights in Real Estate Technology

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  • Most Real Estate Chief Execs Are Complacent About Tech And Social Disruption

    Bisnow

    Disruption may be the most overused word of the modern business environment. But the message does not seem to have gotten through to those leading real estate companies across the globe. A new report from the Urban Land Institute and PwC contains a datapoint highlighting the potential complacency still exhibited in real estate about the impact technological and social change will have on the industry. PwC surveyed 1,300 CEOs across the globe on a range of topics, including how concerned they wer…

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  • Piping in listings, pumping out cash

    The Real Deal

    It might sound unglamorous, but back-end listing systems for residential firms are the startup world’s latest meal ticket. Long the domain of two companies in New York — RealPlus and On-Line Residential —the space is being upended by new tech startups with venture money to burn. “In the past, a listings platform was enough,” said Michael Gabriel, founder of Gabriels Technology Solutions, which works with real estate firms. “Today to be competitive, a solution has to be much more.” That shifti…

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  • For A Tech Investor, SoftBank Has Placed A Ton Of Money Into Real Estate

    Bisnow

    Wikimedia/SoftBank Hankyu-Ibaraki When Japanese technology firm SoftBank announced it would be raising $90B or more for its Vision fund the emphasis was on making big bets in the technologies that would define the future. There was little indication that a massive part of its investment strategy would focus on real estate. In the past two years, SoftBank has invested more than $10B in real estate and real estate-related firms, through the Vision fund and its own balance sheet. Here are its key i…

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  • The Growing World of Flexible Office Space

    Cushman & Wakefield

    Commercial real estate is not the fastest moving of industries. That said, the coworking trend has grown rapidly and is changing how both investors and occupiers think about their real estate portfolios. Across the United States, 50% of the current stock of coworking square footage has come online since mid-2015. Most of this growth has been in major gateway markets such as New York, Los Angeles, and Chicago. However, the supply of coworking is now quickly increasing in secondary markets …

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  • Technology and real estate must blend together, mega mall owner says

    CNBC

    Technology and real estate must blend together better today in order to support an evolving retail market, according to one mega mall owner. “Consumers today expect to be very, very well serviced — with technology,” Westfield co-CEO Steven Lowy told CNBC in an interview at the ShopTalk conference in Las Vegas. “They wake up every day with that expectation, and it’s essential that the retailing industry really adapts and evolves … so it can compete better.” Unibail-Rodamco, a Europe…

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  • Meet The $3B Tech Startup Shaking Up Construction And Development

    Bisnow

    “Construction has to be the only industry that gets worse every year — costs go up and it gets less efficient.” Katerra Head of Materials Trevor Schick is outlining the quandary the $3B startup is trying to solve. It has the potential to shake up the industry and make life quicker, easier and cheaper for developers. Courtesy of Katerra Katerra’s off-site construction factory in Phoenix. IN 71 DAYS! DON’T MISS THE DATA CENTER INVESTMENT CONFERENCE & EXPO, EAST — Virginia 05.31.2018 The compa…

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  • Google closes $2.4 billion market buy

    Real Estate Weekly

    Google is officially the freshest offering at Chelsea Market. The Mountain View, California company closed on its acquisition of the 1.2 million s/f building, purchasing it from Jamestown L.P. for $2.4 billion. As it stands, the former Nabisco factory takes up an entire city block between Ninth and Tenth Avenues and 15th and 16th Streets, featuring more rentable square feet than the Empire State Building, though zoning allows Google to add an additional eight stories or 300,000 s/f to …

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  • RealtyZapp Helps Agents and Brokers Who Market Both Commercial and Residential Properties

    CRETech

    The RealtyZapp platform lets agents and owners market both residential and commercial listings while retaining ownership of the data and control over the accuracy of their listings. The site claims that this is the first platform to serve those agents who rep both residential and commercial listings, showcasing both types of property for the public to see.   The listings are free to post and free to search (there are also “Power” and “Super” Agent Plans with additional features and benefits),…

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  • Beyond The Bio: 16 Questions With VTS Chief Financial Officer Michelle McComb

    Bisnow

    This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles. Leasing and asset management platform VTS, previously known as View The Space, hired Michelle McComb last April as chief financial officer to help scale the business following its $300M merger with competitor Hightower in November 2016. McComb has overseen the financial and operational performance of several high-profile companies, inc…

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  • Travis Kalanick is already back running a company with a $150M investment

    Techcrunch

    Travis Kalanick,  the former Uber CEO who was shown the door in June last year amid a series of major controversies, has already found his next leading role following his announcement of a new investment fund just weeks ago. Kalanick said on Twitter that his fund would be investing $150 million to take a controlling interest in City Storage Systems, or CSS. He will also be running the company as CEO, according to Recode. It’s a holding company focused on redevelopment of distressed real estat…

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