Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
PlaceTech.
The global operating system for safe, flexible and human-centric workspaces, has agreed an integration deal with the Japanese tech giant to combine the Hitachi platform into spaceOS’ workspace management app.
Microsoft Azure
On our journey to become carbon negative by 2030, Microsoft is continually innovating and advancing the efficiency and sustainability of our cloud infrastructure, with a commitment to use 100 percent renewable energy in all of our datacenters and facilities by 2025. Today, we are taking a significant step toward that goal, revealing plans for our newest sustainable datacenter region in Arizona, which will become our West US 3 region….
Bloomberg
The biggest increase in the third quarter was in California’s Inland Empire — Riverside and San Bernardino counties — where effective asking rents for apartments jumped 4.4%, thanks to the boom in distribution warehouses outside Los Angeles, according to data from RealPage Inc. …
Bisnow
In February, Bisnow sat down with Dean Hopkins, newly installed chief operations officer of Oxford Properties, on the 29th floor of the Cheesegrater skyscraper in the City of London, to talk about how the company planned to overhaul the way it runs its business. Since then, things have changed pretty fast. And the time frame for that overhaul has accelerated faster than Hopkins could have anticipated.
The Real Deal
Fresh off their acquisition of a waterfront Fort Lauderdale apartment complex, Cardone and his Aventura, Florida-based firm Cardone Capital were accused of violating federal securities laws in a suit filed in federal court in Los Angeles earlier this month. The lawsuit alleges they made false and misleading statements and omitted material facts in connection with public offerings for two Cardone Capital funds totalling $100 million. …
The Real Deal
At the end of this month, the owners of tens of thousands of buildings in New York City will be required to post a letter grade based on their properties’ energy efficiency.
AP News
SEATTLE (AP) — Amazon has introduced new palm recognition technology in a pair of Seattle stores and sees a broader potential audience in stadiums, offices and other gated or secured locations. Customers at the stores near Amazon’s campus in Washington can flash a palm for entry into secured areas and buy goods.
GeekWire
Former Zillow Group CEO Spencer Rascoff and dotloop founder Austin Allison are teaming up on a new startup called Pacaso that aims to make it easier for more people to own a vacation home.
Property Inspect
Property Inspect is a unique cloud and mobile App for scheduling, producing and managing professional inspection reports. Relied on by thousands of property managers, service providers and inspection businesses to increase efficiency, reduce risk, save money, increase response times, quickly handle disputes and stay compliant.
Smart Cities World
Smart cities are highlighted as one of nine key trends capable of generating growth opportunities from Covid-19, according to a study by Frost & Sullivan. Its analysis predicts that the sector could generate significant business opportunities with a market value of $2.46 trillion by 2025. Among the others listed are connected living, connected work, human augmentation and digital health.
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