Latest Trends and Insights in Real Estate Technology

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  • Local airports see record activity despite capacity and tech shortfalls

    Crains New York – Everything Real Estate

    Passengers are traveling through area airports in record numbers, and freight volume continues to rise, the Port Authority of New York and New Jersey announced Tuesday. In the first half of this year, John F. Kennedy International Airport saw an all-time-high 28.5 million total passengers, 1.4% more than the same period last year. Air-cargo volume increased 6.7% compared to the year before. Newark Liberty International Airport's passenger volume rose 7.2%, to a record 20.9 million people, w…

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  • New York is second most expensive city for renting co-working spaces

    Real Estate Weekly

    New York is the second-most expensive place in the country to rent an office desk, according to a study from workspace network start-up LiquidSpace. In its flexible offices second quarter report, the firm found that the average rent per person in New York stands at $740. The figure is lower than the average in San Francisco, which was at $911. However, it was 45 percent higher than the national average of $512. For its report, LiquidSpace tracked transactions involving properties that fall outsi…

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  • Ad-tech startup Adwerx raises $4.3M as it looks to expand beyond real estate

    TechCrunch – All Stories

    Adwerx is a well-known advertising and re-targeting network for real estate agents (though if you’re not in that line of business, chances are you’ve never heard of it, of course). The Durham, NC-based company today announced that it has raised a $4.3 million funding round led by Grotech Ventures, with participation from Bull City Venture Partners and Alerion Ventures. The company, which was spun off from ReverbNation in 2014, plans to use the new funding to expand beyond the real estate vertica…

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  • Investors Look to Chicago as a Safe Haven

    Multi-Housing News

    Commercial real estate is a bit sluggish amid uncertainties regarding tax reform and economic stimuli; however, many national investors are looking to Chicago as a good bet. When you consider the strength of the demographics and dynamic employment pool, it’s no wonder savvy, national and international investors continue to invest billions of dollars of capital into the market. Cap rates, price per unit and gross rent multipliers remain attractive in the Windy City with upside potential when you …

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  • Compass replaces chief financial officer

    Crains New York – Commercial Real Estate

    Real estate tech firm Compass has hired Craig Anderson from Flywheel Sports to replace chief financial officer David Snider. Snider, who had also headed operations at the company until a new COO was… To view the full story, click the title link.

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  • Kinestral Receives Frost & Sullivan’s 2017 Smart Glass New Product Innovation Award

    Business Wire Commercial Building & Real Estate News

    HAYWARD, Calif.–(BUSINESS WIRE)–Kinestral Technologies, Inc., a leading developer of smart-tinting glass for commercial and residential real estate, has been named the recipient of the 2017 North American Smart Glass New Product Innovation Award by Frost & Sullivan, an internationally recognized market research, analysis, growth strategy, and corporate training firm. Frost & Sullivan cited Kinestral’s Halio product as "a strong contender in the market" that reduces energy usa…

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  • Domuso raises $3.1M to let you pay missed rent over time

    TechCrunch – All Stories

    Domuso, a property management system and payment portal that lets tenants in sticky situations pay late rent over time, has raised $3.1M in funding. This brings the total amount raised for the startup, which was part of the TechCrunch Disrupt NY 2017 Battlefield competition, to $5.8M. The concept for Domuso is straightforward – there are certain life events that sometimes get in the way of paying rent – like losing your job or getting an unexpected big medical bill. When this happens, tenants us…

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  • Smart apartment platform Dwelo grabs $4.9M in funding

    TechCrunch – All Stories

    One of the big issues with the smart home is that so many of the country’s tech lovers aren’t living in homes. Dwelo is designing large-scale smart home solutions built for renters living in apartments. The startup’s system allows building owners to integrate things like smart locks, lights and thermostats into their units while renters are given a Dwelo app and hub that allows them to control it all. Support is all handled through the app so managers also won’t get a call every time a light bul…

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  • 7 CRE Conferences to Attend This Fall

    Hightower Blog

    The fall real estate conference circuit is just around the corner! It’s not too late to get a plan in place for making the most out of these networking opportunities. Here are some of the top events on our list: EXPO RealOct 4-6, Munich, Germany Based in Munich, Germany, EXPO is one of the biggest property conferences in Europe. With almost 40,000 attendees from 77 countries, you'll find potential business partners for every stage in the real estate life cycle: from idea and conception thro…

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  • West End Coworking Space The Grove Shutting Down After Four Years

    FrontBurner

    Tech & Startups West End Coworking Space The Grove Shutting Down After Four Years The company could not come to terms on a new lease agreement with building management. By Danielle Abril Published in Business & Economy August 30, 2017 8:26 am SMS The Grove, Dallas will shut its doors on Thursday after it was unable to successfully negotiate new lease terms with its West End building owners. The coworking space, which is known for championing social impact, has provided Dallas entrepreneu…

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