Regus Puts NYC Locations Into Bankruptcy
The Real Deal
Short-term office company Regus put half a dozen of its New York City workcenters into bankruptcy as the company seeks Chapter 11 protection for upwards of 100 locations across the country.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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B8ta Cofounder Now Wants To Disrupt The Furniture Industry
Forbes
B8ta cofounder Phillip Raub spent the last five years seeking to reinvent retail stores, opening retail-as-a-service, data-driven showrooms for online brands. Now he wants to disrupt the furniture industry.
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Deals and Investments within PropTech with Mike Sroka and John Fitzpatrick
The Propcast
In this episode we talk to Mike Sroka of Dealpath and John Fitzpatrick of Blackstone about deals and investments within PropTech.
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Amazon Plans to Put 1,000 Warehouses in Suburban Neighborhoods
Bloomberg
Amazon.com Inc. plans to open 1,000 small delivery hubs in cities and suburbs all over the U.S., according to people familiar with the plans. The facilities, which will eventually number about 1,500, will bring products closer to customers, making shopping online about as fast as a quick run to the store. It will also help the world’s largest e-commerce company take on a resurgent Walmart Inc.
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CRE Gets Serious About Indoor Environment
Pulse – Connell McGill
After years of limited traction despite promising ROI, indoor environmental quality is enjoying its moment in the spotlight. However, even with the heightened attention, conversations with owners and operators have all the tell-tale signs of an “early market.”
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This 1.4M SF, $750M Spec Office Development Was Launched In The Downturn — And It’s Built Entirely Of Wood
Bisnow
A joint venture backed by Ivanhoé Cambridge has put together a €650M ($773M, £598M) funding package for a 1.4M SF office development that is being developed with no tenants lined up. And here’s the kicker — it is built entirely from wood.
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Opendoor IPO SPAC $4.7B Revenue
The Real Deal
UPDATED: Sept. 15, 5:10 p.m.: iBuying startup Opendoor made its IPO plans official Tuesday, confirming a $4.8 billion deal with a blank-check company. The company’s merger with Chamath Palihapitiya’s Social Capital Hedosophia Holdings II will give Opendoor $1 billion in cash, the companies said. The deal values the San Francisco startup at $4.7 billion, matching its 2019 revenue….
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In Case You Missed It, Watch CREtech Consulting Talks: Reimagining Cities and the Entire Built World
CREtech
In this second CREtech Consulting Talks Webinar, several of our world-class Consultants and Advisors discussed how COVID-19 has caused corporations, tenants, residents and developers to rethink their entire approach to work and place making. The massive disruption in the Built World, caused by the pandemic, will have a far reaching and lasting impact on how spaces are designed, built and occupied as well as how cities are transformed as a result. Our leading experts from the worlds of smart citi…
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COVID-19 Office Safety Guide from Openpath
Openpath
As states and cities begin to lift lockdown restrictions on stay-at-home orders and social distancing measures, it’s vital for companies to implement new strategies and safety precautions before returning to work.
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Facebook Buys REI’s New Headquarters as Pandemic Prompts Sale
Wall Street Journal
Facebook Inc. is buying Recreational Equipment Inc.’s custom-made new headquarters near Seattle, the latest sign that big technology companies are driving commercial real estate markets during the coronavirus pandemic.
