Latest Trends and Insights in Real Estate Technology

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  • London Gresham Street Office Retrofit Secures £200 Million Approval

    CREtech

    Thanks for keeping up with the CREtech Community in the News!  For more news, follow us on Linkedin. The £200 million office retrofit at 65 Gresham Street is set to be one of the largest building reuse projects in London’s Square Mile. The mixed-use scheme will preserve 70% of the existing building, adding four new top floors to reach 12 stories and increase space from 270,000 sq ft to 410,000 sq ft. The project includes public realm improvements, new retail outlets, and sustainable office space…

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  • WeWork Struggles to Revise Leases as Landlords Seek Clarity on Restructuring Proposal

    CREtech

    Thanks for keeping up with the CREtech Community in the News!  For more news, follow us on Linkedin. Despite achieving $3.7 billion in savings by rejecting and amending leases, WeWork is still grappling with financial strain as talks for further concessions continue. The co-working company, currently in chapter 11 bankruptcy, has successfully reduced approximately 16% of its long-term lease expenses, but the burden of numerous leases persists, impacting its financial health. Original article pos…

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  • White House Unveils National Definition for Buildings with Zero Operating Emissions, as Announced by USGBC

    CREtech

    Thanks for keeping up with the CREtech Community in the News!  For more news, follow us on Linkedin. The White House and the U.S. Department of Energy (DOE) have unveiled a draft national definition for zero-emissions buildings, marking a significant step toward aligning the building sector for greater emissions reduction. The definition focuses on three key principles: high energy efficiency, zero on-site emissions from energy use, and reliance solely on clean energy. The forthcoming LEED v5 fr…

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  • Shadow Partners and CREtech Forge Powerful Alliance to Drive Groundbreaking Advancements in the A/E/C and Commercial Real Estate Sectors

    CREtech

    In a trailblazing initiative aimed at advancing the $300 Trillion global built environment, Shadow Partners, a pioneer in driving innovation in the AEC industry, and CREtech, the leading global commercial real estate community and conference company dedicated to innovation and sustainability, have proudly unveiled a strategic partnership.  This unprecedented collaboration will bridge the substantial gap between the Architecture, Engineering, and Construction (AEC) community and the Commercial…

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  • Key Insights for 2024: How JLL Spark is Navigating Unpredictable Interest Rates, Sustainability Focus, and More

    CREtech

    Thanks for keeping up with the CREtech Community in the News!  For more news, follow us on Linkedin. In 2024, the economic landscape is set to be shaped by geopolitical conflicts and major elections, creating unpredictability in interest rates. Lower-demand assets, particularly urban offices, will experience rising cost pressures, likely resulting in significant asset transactions by Q3. Legislative efforts to reduce carbon emissions will maintain sustainability as a key focus. While AI adoption…

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  • Smart Building Technology Providers SwiftConnect and Metra Smart Locker System Join CREtech London’s New Connected Experience on 8-9 May

    CREtech

    Reimagine the Built World at Europe’s Leading Real Estate Innovation and Sustainability Conference & Expo New York, NY (January 23, 2024) — CREtech, the leading global technology and sustainability conference company devoted to Reimagining the Built World, announced that smart building technology providers SwiftConnect and Metra Smart Locker System will join the “Connected Experience.” This is an all-new immersive showcase featuring the top technology hardware and software providers for S…

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  • EisnerAmper’s Outlook for Commercial Real Estate Investment in 2024: Navigating the Challenges on the Path to Recovery

    CREtech

    Thanks for keeping up with the CREtech Community in the News!  For more news, follow us on Linkedin. Entering 2024, the real estate landscape faces challenges arising from the prolonged impact of higher interest rates and market complexities. Key considerations include: Interest Rates: The industry grapples with the enduring impact of higher interest rates, challenging expectations of a return to pre-pandemic levels. While rates have fluctuated, relief may come as the Fed Funds rate drops in 202…

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  • Major Developer RXR Initiates $1B Fund for Acquiring Distressed New York Office Properties

    CREtech

    Thanks for keeping up with the CREtech Community in the News!  For more news, follow us on Linkedin. New York-based property developer RXR, led by CEO Scott Rechler, is launching a $1 billion fund in partnership with Ares Management to invest in distressed office buildings in the city. The move signals a potential shift in the commercial real estate crisis, with a focus on acquiring underperforming office properties. RXR and Ares plan to target a segment of office buildings that may require fres…

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  • CREtech Releases Agenda for Europe’s Leading Real Estate and Sustainability Event, CREtech London, 8-9 May, 2024

    CREtech

    Reimagine the Built World at Europe’s Leading Real Estate Innovation and Sustainability Conference & Expo New York, NY (January 22, 2024) — CREtech, the leading global technology and sustainability conference company devoted to Reimagining the Built World, has released their agenda for their European flagship conference, CREtech London, scheduled to take place at Magazine London on 8-9 May, 2024. The conference is anticipated to bring in 2000+ real estate professionals to experience world-c…

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  • CBRE and Brookfield Properties Establish Strategic Alliance

    CREtech

    Thanks for keeping up with the CREtech Community in the News!  For more news, follow us on Linkedin. CBRE Group, Inc. (NYSE:CBRE) and Brookfield Properties have formed a strategic partnership to enhance tenant satisfaction and optimize property performance. The collaboration involves CBRE providing comprehensive property management services, including building operations, property accounting, procurement services, and enabling technology, for Brookfield Properties’ 65 million square foot office …

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