Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Orange County Register
With perhaps half of all employees working from home, California offices are sparsely populated these days. As a result, vacancies are rising, new leases are dropping and some companies are putting some of their unused square footage on the market for sublease, commercial real estate brokerage CBRE reported.
TechCrunch
French startup Luko has raised a $60 million Series B funding round (€50 million). The round is led by EQT Ventures, with existing investors Accel, Founders Fund and Speedinvest also participating. Some angel investors with a background in insurance and technology are also investing in the startup, such as Assaf Wand, the co-founder of Hippo Insurance.
Fast Company
In the United States and other developed countries, the pandemic has driven a large proportion of the workforce to work from home, and in the aftermath of the crisis, the number of people who permanently work remotely is likely to triple or quadruple.
GlobeSt
After the experiencing its worst quarter since 2018 at the start of the pandemic, the rent tech space showed signs of recovery in the third quarter. RET Ventures tracks the market activity, and recently produced its first quarterly data report on the space.
The Wall Street Journal
The world of venture capital is notoriously insular. For tech startups hoping to attract millions of dollars from private investors, having the right connections is often key to getting a meeting—and persuading investors to take a chance on an unproven idea.
The Wall Street Journal
U.S. employees started heading back to the office in greater numbers after Labor Day but that pace is stalling now, delivering another blow to economic-recovery hopes in many cities. The recent surge in Covid-19 cases across the country has led to an uptick in Americans resuming work at home after some momentum had been building for returning to the workplace, property analysts said.
Multifamily Executive Magazine
Starting in November, AvalonBay Communities is moving its first residents into a new concept community—Kanso Twinbrook in Rockville, Maryland—that aims to provide a luxury residential experience on a largely automated scale, with few physical amenities and no full-time staff on site
The Wall Street Journal
Stripe Inc. is teaming up with banks including Goldman Sachs Group Inc. GS -0.75% and Citigroup Inc. to offer checking accounts and other business-banking services, the startup’s latest attempt to become the internet economy’s financial supermarket.
Equiem
Retention is front of mind for many landlords, but understanding what tenants truly want is difficult. Equiem’s new Leasing Dashboards helps landlords profile tenants, anticipate future needs and formulate tailored engagement strategies aimed at long-term retention.
Building Engines
Prism is built to help owners, asset managers, property teams, leasing teams, and engineers achieve maximum net operating income (NOI) by reducing operating costs, increasing revenue, and by delivering an unmatched tenant experience, even when facing the challenges of the current CRE climate. Tune into our on demand webinar to hear Jesse Carrillo, Senior VP & CIO at Hines share his insights into the benefits of the platform as well as the Prism implementation from a global standpoint.
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