Latest Trends and Insights in Real Estate Technology

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  • CBRE Secures $321M Portfolio Sale

    Real Estate Investors HQ

    CBRE Capital Markets has secured the sale and recapitalization of Urban Core Portfolio, which includes 1,803 multifamily units across nine communities, for $320.5 million. The assets are located in Indianapolis, Memphis, Tenn., Oklahoma City and Cincinnati. Steve LaMotte, who was recently named executive vice president of CBRE’s Indianapolis office, arranged the transaction. He worked on behalf of Milhaus, which developed, constructed and managed most of the portfolio. Four separate buyers acqui…

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  • Joint Venture Plans $52.7M Renovation of Affordable Community in the Bronx

    REBusinessOnline

    Located in the Bronx, Fort Schuyler House features 139 affordable seniors housing units. NEW YORK CITY — A joint venture between Fort Schuyler Housing Development Co., Smith & Henzy Advisory Group Inc., MDG Design + Construction LLC, Concord Management of New York and partners has unveiled a $52.7 million renovation and refinancing plan for Fort Schuyler House, a 139-unit affordable seniors housing development in the Bronx. In addition to $15.5 million in capital repairs, the project will pr…

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  • Hines and Fifth Wall… A Profile of How Leading Landlords Are Showing Leadership In The CRE Tech Sector

    Michael Beckerman

    Q&A with Charlie Kuntz, Innovation Officer at HinesWhen I was coming up in the world of commercial real estate in the late 1980s, there were a few names that were simply the gold standard that everyone in the industry followed and tried to emulate. Trammel Crow, Mack Pogue, Gerald Hines, Mort Zuckerman and a few others. In particular, Hines was just stunning. They were the first company I saw that built massive skyscrapers that defined skylines all over the world. And throughout my career, H…

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  • Here To Stay: Airbnb’s Aspirations To Expand Beyond Lodging

    CRETECH

    In the near future, Airbnb may disrupt more than the hotel industry. The company’s engineering VP, Mike Curtis, told Venturebeat that personalization could help expand itineraries from end to end. That means that Airbnb can handle your transportation, entertainment, and other events of your trip.Airbnb connects people and places to stay, at any price point, in more than 34,000 cities and 190 countries. People around the world have also turned to Airbnb to monetize their spaces and market it to a…

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  • Airbnb Continues Robust California Growth

    Connect Commercial Real Estate

    Airbnb hosts in California welcomed 40% more guests last year than in 2016. Los Angeles topped the list with 1.4 million guest arrivals, which eclipsed No. 2 San Diego by more than two and a half times, and was more than three times more than visited No. 3 San Francisco. Los Angeles also claimed the top spot for host income with $320 million in 2017, followed by San Francisco ($147 million) and San Diego ($100 million). In California, Airbnb hosts earned more than $1.4 billion last year, renting…

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  • Mind-Controlled Industrial Robot: BrainCo Debuts Cutting-Edge BMI Technologies at CES 2018

    PR Newswire – Commercial Real Estate

    LAS VEGAS, Jan. 11, 2018 /PRNewswire/– BrainCo, a brain-machine interface (BMI) startup incubated in the Harvard Innovation Lab, revealed a BMI integrated robotic arm at CES 2018, gaining attention from a variety of news sources. BMI technology allows direct communications between the human brains and external devices. Since its inception in the early 1920s, this technology has gradually matured over the past 100 years and has gained support from governments around the world. In 2013, the Obama…

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  • 3 Reasons Why You Need to Adopt CRE Tech Now

    Reonomy

    Today’s real estate professionals are operating in what is quite possibly the most exciting period of innovation our industry has ever experienced. Over the last few years, we have seen both an explosion of new tech tools designed to make each stage of the asset lifecycle more efficient, and a crop of early adopters eager to test-drive them. Weirdly enough though, adoption of these tools isn’t widespread but the votes are in: technology is providing real, tangible savings in two big ways … time …

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  • Hines and Fifth Wall… A Profile of How Leading Landlords Are Showing Leadership In The CRE Tech Sector

    Michael Beckerman’s Blog

    Hines and Fifth Wall… A Profile of How Leading Landlords Are Showing Leadership In The CRE Tech Sector Q&A with Charlie Kuntz, Innovation Officer at Hines When I was coming up in the world of commercial real estate in the late 1980s, there were a few names that were simply the gold standard that everyone in the industry followed and tried to emulate. Trammel Crow, Mack Pogue, Gerald Hines, Mort Zuckerman and a few others. In particular, Hines was just stunning. They were the first company I …

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  • San Francisco’s tallest building, Salesforce Tower, opens at 97 percent leased

    BizJournal – Commercial Real Estate

    The first workers shuffled into Salesforce Tower starting Monday, marking the debut of San Francisco’s tallest building. The 1.4 million square foot, $1 billion tower opened this week at 97 percent occupancy. Landlord Boston Properties inked more than 400,000 square feet of leases in the past year with tenants including law firm Covington & Burling LLP, WeWork, Bain & Co., Hellman & Friedman LLC and an expansion with Salesforce.   "We are delighted to become one of the anchor te…

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  • A robotics startup called ‘Robomart’ wants to replace Postmates and Instacart with self-driving grocery stores

    Business Insider – Retail

    Robomart is a self-driving, nearly full autonomous grocery store on wheels. The vehicle will drive fresh produce from the supermarket aisle to customers. Grocery chains can license the platform and the vehicles, which allows them to pocket the delivery fee instead of some on-demand delivery startup. A robot grocery called Robotmart is coming for the humble delivery worker in California. This week at the Consumer Electronics Show, a startup (of the same name) debuted a self-driving, nearly fully …

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