Latest in Commercial Real Estate Tech News by CREtech

To Understand Where CRE Tech Is Heading, Pay Attention to Where Residential Tech Has Been

CRETECH

2/22/2018

It’s indeed a thrilling time to be in CRE Tech. The pace of new investment, adoption and innovation is happening now more than at anytime in my six years in the space. One of the questions I get asked a lot is how the commercial sector compares to the residential sector in regards to tech. Clearly residential went first and it makes total sense. Their customer base is consumer and that segment is much more quick to adopt to new technologies, is almost all mobile-based, and has already seen a gre…

India’s Capillary Technologies raises $20M from Warburg Pincus and Sequoia

TechCrunch – All Stories

2/22/2018

Capillary Technologies, an India-based startup that helps e-commerce businesses manage their marketing and customer engagement, has pulled in $20 million in fresh funding from existing investors Warburg Pincus and Sequoia. The company said it plans to use the capital to develop its products and R&D, including a new focus on the fast-moving consumer goods (FMCG) space where it works with brands directly on marketing and e-commerce. Nearly two-thirds of the money will go towards developing art…

2018 Wearable Tech

The Balance Sheet – Yardi Corporate Blog

2/22/2018

The Latest and Greatest By Anca Gagiuc on Feb 22, 2018 in Technology At the beginning there were fitness wearables. They slowly transgressed into fashionable wearables and now can be seen in many industries. These days, the tiny devices, once strapped around the wrist, can be found all over one’s body, including on your fingernails. “We’re seeing lots of not obvious usage scenarios, but once you start to really think about it, it makes perfect sense,” Brian Blau, research vice president for pers…

Airbnbusiness

Curbed – National News

2/22/2018

Ask Harvey Hernandez about his upcoming real estate project in Kissimmee, Florida, and he’ll respond with the easy charm and outsized boasts endemic to his industry. The 324-unit complex near central Florida’s Disney World, the first of a string of tourism-related developments springing up across the U.S. under the Niido brand name, will merely “change the way people live.” “It’s the reason we get up in the morning,” says Hernandez, who once used a Tesla X as the sweetener in a deal to sell his …

Blockchain startup Propify aims to take on Zillow and Realtor.com

Inman News – Features

2/22/2018

A small startup hopes to take on real estate portal giants such as Zillow and Realtor.com using the same tech behind cryptocurrencies including bitcoin and ethereum–though it has a long way to go. Propify, an Australian company that launched in January 2017, aims to use blockchain technology to create an online repository of property listings, home appraisal data, and client reviews of real estate agents. Right now, the company offers listings in California, Arizona and Australia, but plans to …

Multifamily Technology Trends in 2018, According to the Experts

Connect Commercial Real Estate

2/21/2018

There is little doubt that technology is impacting the multifamily sector, from internet usage for marketing purposes, to free Wi-Fi as an amenity, to increasing reliance on big data. Rentlytics, which provides all kinds data and insights to owners and operators, tapped into various experts to focus on multifamily technology trends to watch for in 2018. Some of these included: Technology as a competitive differentiator, both when it comes to sourcing deals and managing assets. Artificial intelli…

What Will A #CRE Transaction Look Like In 10 Years? Guest Post Kristin Geenty

Duke Long Blog

2/21/2018

Commercial Real Estate brokers who work in the transactional market have ten great years ahead of them. Tech is flying at the industry fast and furious, and early adopters are taking advantage of their Beta Tester status. However, those early adopters are more often than not, the letter brands, CBRE, JLL, CW, etc. Global firms whose marketing and tech dollars can be pulled from all their income streams, not just those that are purely based in brokerage. These next ten years will be a lot of fun …

The Next Phase of Real Estate Tech

Dreamit – Blog

2/21/2018

Over $5 billion was invested in real estate technology in 2017. The sector has strong momentum, and according to Matt Harris from Bain Capital Ventures, we are entering the third wave of real estate technology: The businesses that define the emerging third phase of real estate technology are likely to look more like the earliest technology businesses in the space- more complementary than competitive to incumbents and deriving their value proposition by utilizing new technological capabilities. …

3 Ways the Collaborative Economy Is Shaking Up Real Estate

REthinkCRE Blog

2/21/2018

The success of companies like Uber, Airbnb, and WeWork has helped usher in a new era known as collaborative consumption. The previously unknown concept of moving towards a bartering system rather than the old ownership models that we’ve grown accustomed to gives individuals the opportunity to rent or borrow goods and services from someone else. Where taxi companies would historically buy cars, Uber drivers use their own vehicle while the company brokers the deal between the customer and the driv…

How artificial intelligence is changing real estate investment

The Real Deal – New York

2/21/2018

Welcome to the world of AI. Last March, the online asset manager AlphaFlow launched its first so-called automated investment fund for real estate loans. Rather than tapping employees to search for investment opportunities, the company uses a computer program to sift through listings services and find mortgages to purchase based on property characteristics, borrower history, recent market data and other criteria. “We’re not ready to take our hands off [our work],” said Ray Sturm, co-founder of th…

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To Understand Where CRE Tech Is Heading, Pay Attention to Where Residential Tech Has Been