Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • How the birthplace of the Oreo became Google’s $2B food court

    NY Post

    Google this: What half-empty, bullet-riddled West Side building sold for under $10 million less than 25 years ago and is worth over $2 billion today? Answer: Chelsea Market at 75 Ninth Ave., which Google’s parent company, Alphabet, is buying for $2.4 billion from real estate company Jamestown. How the once-decrepit and dangerous former cookie factory — where Oreos and Mallomars were born — blossomed into one of the world’s Cinderella addresses is a stirring tale of Manhattan’s rebou…

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  • 5 common misconceptions about CRE brokers

    Apto Blog

    How many times have you gotten completely shut down by someone on a cold call?There are certain biases and misconceptions about commercial real estate brokers out there. Some you may find based in reality, while others probably seem unfair. Yet for those who take the high road, work hard, and operate with integrity, getting blamed for others’ misconduct or laziness can be infuriating. At Apto, we’re lucky enough to speak with commercial real estate professionals at the top of their game every da…

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  • To win Amazon, don’t compete—collaborate

    Crains New York – Everything Real Estate

    Both New York City and Newark made the list of finalists for Amazon’s new headquarters, along with 18 other cities, from Toronto to Miami to Los Angeles. It’s obvious what comes next: Amazon wants each city to compete for the prize of 50,000 jobs, adding tax breaks and other sweeteners to their proposal. It is a tried-and-true practice for businesses that are looking to move or expand, one that leads to states and cities cannibalizing one another for smaller and smaller benefits. New York and Ne…

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  • The robot revolution is coming to real estate

    Realty Biz News

    A wave of startups are focused on building robots that could reimagine the way real estate is rented out or sold. Nowadays, we’ve already seen innovations such as robot real estate agents, robotic architects and also “bots” that can create videos of homes, thereby freeing up agents to focus more on their clients. Android is working with touchscreen According to the Wall Street Journal, robots are entering the real estate space in several ways. One recent example is a company called Zenplace, whi…

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  • WeWork partners with top brokerages to up commissions

    The Real Deal – New York

    WeWork is opening its wallet to give office brokers bigger cuts if they fill coworking spaces. The $20 billion startup signed agreements with CBRE, Cushman & Wakefield and JLL in North America, giving their brokers a 20 percent fee on a one-year lease and 5 percent on expansions and renewals, the Commercial Observer reported. For the last year, WeWork has been offering individual brokers 10 percent on the first year of a lease and 2 percent for expansions and renewals. “WeWork is unique in t…

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  • ICOs delivered at least 3.5x more capital to blockchain startups than VC since 2017

    Techcrunch

    Recently, we found that, for 2018, the amount of money being raised by blockchain and blockchain-adjacent companies via traditional VC rounds is on pace to surpass 2017’s highs. But despite more than $900 million in recorded venture funding in 2017, and more than $375 million in known venture funding for the first two months of 2018 so far, traditional VC rounds — convertible notes seed, angel, Series A, Series B, etc. — now pale in comparison to ICOs in terms of dollar volume. Chanc…

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  • WeWork Ups Pay for Brokers at Trio of Firms Who Find and Fill Coworking Space

    Commercial Observer

    WeWork has signed agreements with CBRE, Cushman & Wakefield and JLL in North America, offering brokers at the firms greater compensation if they find and fill coworking space, Commercial Observer has learned. SEE ALSO: Industrious Raises $80M in Funding Co-Led by Fifth Wall, Riverwood “WeWork is unique in that as we become more sales driven with our real estate approach we can partner with real estate firms on both sides—on the site selection and lease sourcing side and the cli…

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  • 2017 DNA of #CRE Survey Results are LIVE!

    theBrokerList

    485 Respondents for DNA of #CRE Survey! Yes, you heard right, almost 500 commercial real estate professionals contributed to the 2017 DNA of #CRE Survey this year! That is an increase of 60% over last year! This year was so special because we had so much enthusiasm as a result of this being our 3rd year. I think each year we will grow and grow as the word spreads and more people see the insight they can gain from this incredible peek into what each year was about and how the industry is chang…

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  • Why Your Next Real-Estate Deal Might Involve a Robot

    WSJ

    New crop of companies is betting that robots will upend how properties are sold and rented. ‘It was a little weird,’ one client says Ron Foll, a 59-year-old attorney, and his wife, Lorelei, recently had Rex the Bot installed in their home in Thousand Oaks, Calif. PHOTO: MICHAL CZERWONKA FOR THE WALL STREET JOURNAL By Katy McLaughlin March 1, 2018 7:49 a.m. ET 4 COMMENTS Right before Laura Franco went to look at a three-bedroom apartment for ren…

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  • WATCH: Knotel’s Amol Sarva on the future of office space and his rivalry with WeWork

    The Real Deal

    Amol Sarva’s Knotel had an eventful year. In February 2017, the flexible office space provider announced a $25 million Series A fundraising round. Since then, the company has been opening new locations at a rapid clip, expanding to more than 700,000 square feet in New York and San Francisco. Earlier on Thursday, the company announced that Starbucks is taking a full floor at its latest location at 72 Madison Avenue. Sarva, who holds a philosophy PhD from Stanford and previously co-fo…

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