Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Wall Street Journal
The shiny, onyx-colored building appears alien in its drab, postindustrial Philadelphia neighborhood—the love child of a “D-volt battery and the Death Star,” as one local architecture critic put it, admiringly.
Real Estate NJ
Look no further than a server that “allows us to manage hundreds if not thousands of devices within our building in real time at all times,” said Joel Shandelman, the property’s chief technology officer, providing data from across the 2 million-square-foot campus. He notes that artificial intelligence software from BuildingIQ, a cloud-based platform, then uses that data to help the HVAC system operate both effectively and economically.
Wall Street Journal
U.S. workers have failed to return to the office in greater numbers this month, frustrating hopes that the rollout of Covid-19 vaccines and falling infection rates would start to lure employees back and help revitalize city economies.
Bisnow
Nearly 60% of real estate professionals embedded in corporations surveyed by CoreNet Global say their businesses will shrink their office square footage in the wake of the coronavirus pandemic.
GlobeSt
Office is the biggest question mark in commercial real estate. Most office-using companies are still operating remotely through the pandemic, and many are considering long-term or permanent remote work policies. This has some landlords concerned that office demand could diminish significantly. However, property owners can help implement policies that will encourage workers and companies to step back into the office….
TechCrunch
When Sam Lurye looks at a loading dock he sees both a bottleneck in the world’s supply chain and an opportunity. The opportunity — driven by a tension between the digital and physical infrastructure at warehouse distribution centers and factories today and the push toward autonomy — prompted Lurye to found Kargo, a smart loading dock platform startup that recently raised $6 million in seed money from Founders Fund, Accomplice, Sozo Ventures and other unnamed investors….
ESG Today
A survey of managers and senior executives at companies with 500 employees or more, released by risk and compliance management software company NAVEX Global, found the vast majority of companies have put ESG initiatives in place, but many lack confidence in their sustainability performance.
Bloomberg
Switzerland-based IWG, which pioneered flexible offices more than 30-years ago under the Regus brand, has injected an undisclosed sum into the company to facilitate its growth, according to an emailed statement Thursday. The deal gives IWG a majority stake in the New York based startup, people familiar with the terms said, asking not to be identified as the details aren’t public.
Bisnow
Faropoint CEO Adir Levitas claims his company can leverage a combination of its own data and under-development software tools to rapidly aggregate portfolios of warehouses too small for large investors to buy individually.
CleanTechnica
Green Genius, a renewable energy company that is a part of an international group of companies known as the Modus Group, has sunny ambitions for Poland. At the end of last year, it won two auctions for solar power plant projects with a total capacity of 79 megawatts. Along with these, the company plans to build solar power plants with a total capacity of 32 megawatts this year. In total, Green Genius aims to install new solar power plants with a total capacity of 154 megawatts in Poland “in the …
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