Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CREtech
Niraj Patel, Chief Information Officer of Greystone, points out commercial real estate is abundant in data- but it’s what we do with that data that sets companies apart. Patel goes on to highlight the value in building out functions within platforms that are already implemented and adopted, rather than adopting separate solutions to solve for each problem.
Commercial Observer
In the first of what it hopes will be many property partnerships in Jamestown’s global portfolio, Prescriptive Data announced Tuesday that it is bringing its Nantum OS smart building technology to the real estate giant’s Waterfront Plaza in San Francisco.
CBRE
Despite the challenges posed by pandemic-related restrictions, the North American flexible office market showed signs of recovery in 2021. Flex providers reported a rebound in sales and occupancy, particularly from small and medium-size businesses (SMBs). Meanwhile, a growing demand pipeline from enterprise tenants underpins an optimistic outlook for 2022. Although the omicron variant could hamper the recovery, flexible space solutions clearly will be a key part of companies’ real estate strateg…
Livly
Livly, the nation’s leading enterprise-grade resident experience platform for apartment communities, announced today that it has acquired Circuit Living (previously TFLiving), a premier tech-enabled amenities company providing fitness, wellness, and lifestyle services to multifamily properties. This strategic acquisition of Circuit greatly expands Livly’s onsite and virtual resident events and amenities offerings to thousands of apartment communities nationwide. Livly’s best-in-class, u…
Inc
In recent research reported by BambooHR, those work-from-home employees who have been asked to return to the company office are disappointed in what they’re finding. In a survey of 1,000 adult workers, 37 percent said “they felt worse in the office than even at their lowest point in the pandemic.” What were returning employees hoping for and what did they get instead?…
TechCrunch
Germany-based construction tech startup Cosuno has raised a $30 million Series B led by U.S. growth equity firm Avenir Growth. Spark Capital and Cherry Ventures, which led the Series A six months ago, also participated. Cosuno now says its valuation is put at $150 million. Construction is one of the largest industries in the world but amongst the least open to new technology. It also requires a great deal of collaboration, which makes it an ideal playground for tech startups….
The Real Deal
The proptech startup Rhino laid off more than 20 percent of its staff, most of them recent hires. The cuts, which came a year after the company’s last funding round, were motivated by recent macroeconomic volatility and a desire to achieve profitability quicker, a Rhino spokesperson said. Rhino’s main offering is an alternative to security deposits — a product that allows renters to pay in small, incremental amounts rather than in an upfront lump sum.
Forbes
When the C-suite has a new management priority, a new job title often follows. In the mid-2000s, businesses added innovation executives to focus their companies on organic growth. In recent years, chief diversity officers multiplied to guide businesses toward better equity and inclusion amid a national racial reckoning….
Placetech
Nexudus, the white-label platform to manage coworking and flex workspace, has published what it claims is the largest study of the flexible workspace industry ever conducted. With 3.5 million data points analysed across 90 countries, the study reveals key trends in the evolution of the industry over the past five years, including the impact of Covid on flex demand and usage. The study includes comparative analysis of the flexible workspace markets in the US, UK and Spain.
Placetech
Grosvenor Hill Ventures, the proptech investment subsidiary of Savills, has acquired Cureoscity, a white label tenant and office management software provider.
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