Reimagining Real Estate
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Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bisnow
Fitch Ratings has downgraded WeWork Cos. to CCC from CCC+, citing recent negative metrics pulling the company down, and the prospect of a weaker economy next year. Default for the coworking company is a real possibility, according to Fitch.
Bisnow
As the fallout from crypto’s collapse spreads, investors are distancing themselves from the erratic alternative asset class — a preferred choice of the likes of JP Morgan Chase as recently as May — but haven’t yet been scared away from blockchain, the technology that facilitates crypto in the first place.
CREtech
New York, NY (December 6, 2022) — CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, announced today that Christy Hill, Managing Director, Global Head of ESG and Americas Asset Management, PGIM Real Estate and Lisa Picard, Partner, Sway Ventures will join keynote speaker lineup for Europe’s largest real estate technology conference, CREtech London taking place 10-11 May, 2023. Over 1,500 real estate tech professionals fr…
Commercial Observer
In September, commercial real estate services and investment giant CBRE announced it had invested $100 million in VTS, an asset life cycle management platform, and one of the most successful and fastest-growing companies in proptech.
The Wall Street Journal
Airbnb Inc. is launching a listing service for rental apartments with some of the biggest landlords and property managers in the country, a bid to expand its business in multifamily buildings where owners often shun short-term rentals.
PwC
The real estate industry is moving beyond what it perceives as cyclical headwinds — i.e., rising interest rates, declining gross domestic product (GDP), sinking deal flows — and taking a long-term approach to real estate assets.
CREtech
Europe’s most important PropTech networking conference is back in London on 10-11 May, 2023 New York, NY (November 28, 2022) — CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, has announced the return of Europe’s most important real estate technology networking conference, with Simon Carter, CEO, British Land, and Melanie Leech, CEO, British Property Federation, set to deliver a Keynote Conversation. CREtech London …
Commercial Observer
Savills made two new rungs on its corporate ladder for Janet Woods and Patrick McGrath, Commercial Observer has learned. Woods, Savills’ former Northeast region lead, and McGrath, its chief information officer, will move into two newly created roles overseeing the brokerage’s east and west operations, respectively, according to Savills.
PlaceTech
Nearly half of real estate companies that have adopted three or more proptech tools are hesitant to invest further in the sector due to a lack of return on investment.
PR Newswire
JLL Technologies (JLLT), the technology division of JLL, today announced the launch of the Strategic Technology Program, which provides assessment, strategic planning, goal setting and performance measurement services for real estate technologies.
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