Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
BizJournal – Commercial Real Estate
“The office of the future, for us and everybody else, is going to be more and more collaborative space and less about that 180-square-foot corner office,” says a company executive.
The Real Deal – New York
WeWork’s newest community isn’t old enough to hold a job. The $20 billion co-working company is starting a private elementary school for “conscious entrepreneurship” inside one of its New York City locations next fall, Bloomberg reported. “In my book, there’s no reason why children in elementary schools can’t be launching their own businesses,” said WeWork co-founder Rebekah Neumann, the company’s chief brand officer (and the wife of company CEO Adam Neumann), who is helping spearhead the projec…
Bisnow – National Commercial Real Estate News
Airbnb and Pillow have partnered to provide additional tools for multifamily building owners and residents wishing to rent out apartment units. Veritas Investments, one of San Francisco’s largest apartment building and urban retail owners, launched a pilot program for five buildings in San Francisco to participate in the Airbnb program and use Pillow Residential’s tools. “We reached out to and surveyed residents, and there’s a great deal of interest in this new aspect of shared economy,” Veritas…
National Association of Realtors – Speaking of Real Estate
High-Speed Real Estate: Faster Response Times, More Transparency Posted in Technology, Uncategorized, by Melissa Tracey on November 5, 2017 How quick do you respond to an incoming online lead? If it takes you more than two minutes, you may be missing out on business, according to realtor.com executives at a REALTORS Conference & Expo session on Sunday called, “Combine Silicon Valley Knowledge With Real Estate Essentials.” Nearly 40 percent of potential buyers recently surveyed by realtor.com…
National Association of Realtors – Speaking of Real Estate
The Next 2 Tech Game Changers Posted in Technology, by Melissa Tracey on November 5, 2017 By now it’s clear how mobile technology has disrupted real estate, but it’s already time to prepare for the next tsunami: Blockchain and artificial intelligence. That was the message that Mark Lesswing, chief technology officer for the National Association of REALTORS, delivered to attendees of the Emerging Business Issues & Technology Forum on Saturday. Joseph Sullivan, user experience developer for th…
RIS Media – Real Estate
More than 600 real estate brokers and industry leaders gathered for a night of fun, networking and recognition at RISMedia's sold-out Annual Power Broker Reception & Dinner. The event, now in its 22nd year, was sponsored by Platinum Sponsors Buffini & Company, Homes.com, RE/MAX and Quicken Loans. It was held in Chicago in conjunction with the REALTORS Conference & Expo. The Power Broker Reception & Dinner honored the brokers who ranked in RISMedia's 2017 Power Broker Re…
The Real Deal – Miami
From TRD New York: WeWork's expansion plans for its housing communities, known as WeLive buildings, haven't met the company's expectations, perhaps due to the fact that some tenants view it as a temporary crash pad, not a long term home. Known for renting co-working space around the world, WeWork has been striking big deals, buying Blackstone Group's London offices for $785 million and buying Lord & Taylor's Manhattan flagship for $850 million, amid questions about t…
Bisnow – National Commercial Real Estate News
Multifamily is an underserved asset class when it comes to integrating sophisticated Internet of Things technology. IOTAS CEO and founder Sce Pike realized that renters desire the same types of integrated smart devices that homeowners enjoy — and that IoT benefits could extend beyond primary users to property managers and owners. The early adopters have been focused on the devices and have neglected the software and interoperability, Pike said. They have installed siloed devices, which is a less…
Bisnow – National Commercial Real Estate News
As technology improves, the rate at which people can switch between tasks has grown faster and more efficient. Now, people expect these transitions to be as seamless in their physical world as they are in the digital — like when switching between apps on a smartphone. A study conducted by architecture firm Gensler found that people tend to fall into one of five “modes” when they are in a space: task, social, discovery, entertainment and aspiration modes, Fast Company reports. When spaces present…
Bisnow – National Commercial Real Estate News
A recent study has uncovered a correlation between a market's tech innovation and high levels of inequality between the wealthy and the poor in cities across the country. The trend, called "innovation intensity," is most prominent in cities like San Francisco where peopled filed double the number of patents in 2010 that they did in 1990. Prior to this point, the city had been largely middle-class. But as innovation grew, so did economic segregation, Fast Company reports. Research …
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