The Pandemic Takes Another Shot at the Office Asset Class

Even before the emergence of the Omicron variant, it was clear that the office recovery had started to falter in the face of the ongoing recovery.

SPECIAL REPORT: New Analysis Shows Uneven Progress Toward Diversity At CRE’s Biggest Firms

In 2021, commercial real estate achieved slow but meaningful progress toward greater diversity, equity and inclusion within its ranks.

Still, the vast majority of real estate executives remain White men — and according to a new Bisnow analysis, many companies have struggled or failed to implement plans to address their firms’ lack of diversity.

Ghost Kitchens Are Proving to Be a Messy Business, as Reef Global Shows

A few seconds after a cook turned on a stove in a tiny mobile kitchen in a Houston parking lot in April, a fireball erupted from the propane burners, flaring out into the center of the trailer owned by Reef Global Inc.

Climate change hub coming to Governors Island

New York City’s work against climate change could have a new center of power at Governors Island, where a partnership of real estate and consulting companies is set to open a research and training facility.

Bacan Protocol offers industry-first ‘NFT mortgages’

Decentralized mortgage lender Bacon Protocol has minted its first seven mortgages as nonfungible tokens, or NFTs, offering investors and borrowers new options for accessing the residential mortgage market.

The industry must act now on climate

As world leaders turn their attention to tackling climate change following COP26 in Glasgow and governments develop key commitments, this is an opportunity for industry to step up and do its part. Because if there is one thing we have learned from recent climate research, it’s that we do not have time to waste.

Gaining a Competitive Edge with Tech, Part 3

Jay Olshonsky, President & CEO of NAI Global, discusses the future of what purchasing commercial real estate could look like going forward, and how brokers will be affected by these changes.

Why We Invested: Inspectify

A historic year for proptech fundraising has produced another unicorn. Lessen, a real estate management platform that connects property owners and operators to electricians, cleaners and other service providers, raised $170 million in a Series B round, pushing its total funding so far to $214 million — nearly quadruple its previous fundraising — and valuing the two-and-a-half year-old company at more than $1 billion….

How the metaverse is already changing the built environment

In late October, Facebook CEO Mark Zuckerberg announced Meta would be the new name for the US tech giant. It gives a less-than-subtle nod to the metaverse­, which Zuckerberg identified as the future of the organisation and tech-enabled social networking more broadly. At the same time, Google Trends saw a surge of online interest in the topic (see below chart). The metaverse is a familiar concept to the Pi Labs investment team and wider PropTech ecosystem. Generally, the metaverse is broken into …

Virtual real estate plot sells for record $2.4 million

A patch of virtual real estate in the online world Decentraland sold for a record $2.4 million worth of cryptocurrency, the buyer crypto investor Tokens.com (COIN.NLB) and Decentraland said on Tuesday.