Facing a $40 billion shortfall, U.S. transit agencies jump into real estate

The pandemic has been devastating for public transit. According to the American Public Transportation Association, transit ridership in 2020 was down 79% nationally compared to pre-pandemic rates. And though no public transit agencies in the United States get all their revenue from ridership alone, the shortfall of riders is putting many transit agencies in a bind. Agencies face a collective budget shortfall of nearly $40 billion through the end of 2023. …

Registration Open for CREtech Climate Webinar to Discuss Decarbonization and ESG Efforts in the Real Estate Industry

New York, NY (March 3, 2021) — CREtech Climate (cretechclimate.com), a new platform devoted to educating and inspiring investment in climate tech, sustainability, and ESG throughout the Built World, has opened registration for their first webinar in a series of virtual events planned for 2021. The webinars will bring together a collection of well-versed industry experts who will share insights on how to address the climate crisis. By including speakers from different roles within the real estate…

Ushering in new era of smart buildings and healthcare for Singapore

Return-to-Office Plans Are Set in Motion, but Virus Uncertainty Remains

A year and a pandemic ago, over 100,000 people filled the central business district in Charlotte, N.C., pouring out of offices, including several recently built skyscrapers, and into restaurants, bars and sports venues. Then as the coronavirus sent employees to their homes, much of the city center quickly went quiet and dark.

Why We Invested in Retail Zipline

Zipline helps retailers improve workforce management and communications between corporate decision makers and store employees. As a result, retailers boost accountability, transparency, and employee engagement across distributed teams.

Compass lost $270M in 2020, revenue up 56% : IPO filing

The IPO filing, known as a form S-1, provides the clearest look into the financials of the company, which is likely the fastest-growing U.S. residential brokerage in a generation. Compass’ revenue grew 56 percent in 2020 from $2.4 billion in 2019. It cut its losses from $388 million in 2019, and has lost a total of $1.1 billion as of Dec. 31, 2020.

Landlords Chasing Filtration, Certification In Push To Welcome Workers Back

As the vaccine brings workforces closer to a return to the office, developers and property managers are moving forward with a game plan centered around a healthier workplace. Landlords are eying advanced air filtration systems and seeking certification from new performance-based building standards to quell concerns at workplaces forever changed, experts said on Bisnow’s Boston’s Path to Healthy Buildings event….

WATCH NOW! Harnessing Tech for Affordable and Equitable Housing, Part 1

Carol Galante, Faculty Director at the Terner Center at UC Berkeley, discusses the purpose, drive, and technology strategy of the Terner Center, and what kinds of technology solutions that are most important right now.

CoStar ups its bid to acquire CoreLogic

The latest offer is also $17 per share higher than the recent agreement CoreLogic made with Stone Point Capital and Insight Partners, who agreed to buy the company for approximately $6 billion.

National Security Commission on Artificial Intelligence issues report on how to maintain U.S. dominance

The National Security Commission on Artificial Intelligence today released its report today with dozens of recommendations for President Joe Biden, Congress, and business and government leaders. China, the group said, represents the first challenge to U.S. technological dominance that threatens economic and military power for the first time since the end of World War II.