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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  • Amazon is building its first fulfillment center in New York City

    Business Insider – Retail

    Amazon is landing in the five boroughs. The ecommerce giant announced on Wednesday that it's building its first fulfillment center in New York City, in the borough of Staten Island. According to the release, the warehouse will measure 855,000 square feet and provide over 2,250 new jobs in the area. The workers will pack and ship orders to the tri-state area and beyond, working in conjunction with Amazon's team of robots. The Staten Island center will also be the first for Amazon in the…

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  • Alibaba is building a brick-and-mortar mall

    Business Insider – Retail

    Alibaba is planning to open its first brick-and-mortar mall in April at its headquarters in Hangzhou, China, MarketWatch reports. “More Mall,” as it is reportedly called, will be five stories tall and offer products from brands on Alibaba’s Taobao platform and elsewhere. It will also feature retail technologies like virtual fitting rooms, high-tech makeup testing mirrors, and Alibaba’s tech-based grocery store. More Mall is another step in Alibaba’s plan to go after traditional retail. The compa…

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  • PropTech 3.0: The Future of Real Estate

    Hightower Blog

    This guest post comes to us from Andrew Baum, Visiting Professor of Management Practice, Said Business School, University of OxfordWill we soon be able to buy a house with the click of a button? My report, PropTech 3.0: the future of real estate, published by Saïd Business School, University of Oxford on May 10th, takes an expansive look at property technology (proptech), and its findings detail the dramatic changes facing the real estate industry. The 95 page report uses data from proptech vent…

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  • Amazon Announces First Fulfillment Center in New York, Creating 2,250 Full-Time Jobs

    Business Wire Commercial Building & Real Estate News

    SEATTLE–(BUSINESS WIRE)–Amazon (NASDAQ: AMZN) today announced plans for a new 855,000-square-foot fulfillment center in Staten Island, N.Y. The facility is Amazon’s first fulfillment center in the state and will create more than 2,250 new, full-time jobs with opportunities for employees to engage with advanced robotics. “We are excited to bring our first fulfillment center to New York and work alongside the state’s incredible workforce,” said Sanjay Shah, Amazon’s Vice President of Customer Fu…

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  • Lilium’s all-electric flying taxi could travel from Manhattan to JFK in 5 minutes

    Inhabitat – Phoenix

    A startup from Germany has secured $90 million to build the all-electric flying taxi of the future. Albeit still under development, Lilium's five-seater commercial jet could be ready for take off as soon as 2019, and, according to a company statement, it could get users from Manhattan to JFK airport in just five minutes. The Verge reports that the $90 million will be used to build the company’s five-seat commercial Lilium Jet, as well as grow its team by at least 70 people. The envisioned L…

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  • Will Smart Sensor Tech Become a Leading Amenity in CRE?

    NAI Global – CRE Outlook

    Will Smart Sensor Tech Become a Leading Amenity in CRE? September 06, 2017/ Lindsey Imperatore Smart technology and the Internet of Things continue to make waves in the commercial real estate industry. For the multifamily specifically, smart sensor tech will change the way residents live and will enhance their way of life by offering new benefits. For other sectors such as retail, the sensor technology can help determine traffic flow. These are just a few of the reasons smart sensor tech is set …

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  • Folio Raises $7.1 Million to Help Residential Brokers Stay on Point

    CRETECH

    A few years ago, when Amitree launched its original product, it certainly seemed like a tool that would take a lot of pain out of the closing process for home buyers. The product, Closing Time, served as a virtual checklist for buyers to use as they were immersed in the process, which everyone who’s ever bought a home knows can seem like a second job. The solution, both elegant and intuitive, was not the issue. The problem was the buyer. Once a particular deal was done, there was no more use for…

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  • Tech-focused Ironside Newark project earns WiredScore platinum status

    Real Estate NJ

    A rendering of Ironside Newark, the new office and retail complex that will result from an $80 million redevelopment of a historic warehouse by Edison Properties. — Courtesy: Edison Properties By Joshua Burd Edison Properties’ plan to build more than 450,000 feet of modern, loft-style office space at a historic Newark warehouse has earned the recognition of WiredScore, a rating service for technology and connectivity in commercial buildings. The real estate firm said Tuesday that the project, kn…

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  • Why WeWork Thinks It’s Worth $20 Billion

    WIRED – Top Stories

    Why WeWork Thinks It's Worth $20 BillionDavid Fano, WeWork's Chief Growth Officer.Alex Welsh. Photo direction: Noah RabinowitzSharesharetweetcommentemail In the future, you’re going to love going to the office. Everything you need to do your job effectively will present itself without effort. You won’t have your own desk, because your employer will know you only use it for 63 percent of the day. But you won’t mind sharing it, because said employer will make sure you have a private room…

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  • How to Easily Get Sales Referrals to Big Customers [5min Video]

    The Broker List Blog

    In the previous video, Finding Your Next Big Deal Using Your Network, Andrew Bermudez, CEO and Co-Founder of Digsy AI, shows how he identifies connections between himself and sales leads, then gets referred to them using his social network. In this video, he shows how to easily get sales referrals from these connections in order to close more deals! Once you find the person within your social network who can connect you with the prospect, how do you ask them for a referral? The two most effectiv…

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