Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
The flex-office startup, valued at $1.6 billion in August 2019 but thought to be worth substantially less now, is offering nearly 375,000 square feet of space up for sublease, according to marketing materials reviewed by The Real Deal.
Daily Commercial News
A recent survey of over 1,250 office employees conducted by access technology developer Nexkey of San Mateo, Calf. revealed ongoing health and safety concerns in the workplace. In fact, nearly 50 per cent of workers had worries that will persist even after the COVID-19 pandemic passes. These begin with the limited number of common entry points in many small-to-medium sized businesses — most workers want more. Furthermore, many would prefer to use smartphones or smartwatches as entry credentials …
AXIOS
Uber is immediately expanding its “Green” program to new cities and setting a longer-term target of having fully electric cars account for 100% of rides on its platform in the U.S., Canadian and European cities by 2030.Why it matters: Those plans — and other new climate pledges Uber unveiled Tuesday — come as ride-hailing firms face growing scrutiny over their carbon emissions amid evidence they’re cannibalizing public transit and increasing congestion….
Venture Beat
A lot happened this week in the AI space. The Guardian wrote an article with GPT-3 and again demonstrated that no matter what OpenAI paid to train and create the language model, the free marketing might be worth more. After losing the JEDI cloud contract appeal with the Pentagon, Amazon appointed to its board Keith Alexander, who oversaw the National Security Agency mass surveillance revealed by Edward Snowden leaks in 2013. And Portland passed the strictest facial recognition bans in U.S. histo…
Lauren
Google was at the leading edge of large technology companies seeking to go completely carbon neutral, having declared that status in 2007, and subsequently matching all of its global electricity consumption with renewable energy. Now the company says that it is breaking new ground by becoming the first major company to effectively eliminate its entire carbon footprint — going back to its founding — something it has achieved through purchase of “high-quality carbon offsets” as of today. Further,…
IoT World Today
Safety has been a long-standing priority for industrial companies. With COVID-19, though, protecting workers has taken on new dimensions. In recent months, industrial organizations have enacted measures to slow the spread of the novel coronavirus. In addition to requiring workers to wear masks and maintain at least six feet of distance when possible, they have ramped up automation and adjusted shifts.
Bloomberg
Opendoor, a property technology startup, is in advanced talks to go public through a merger with Social Capital Hedosophia Holdings Corp. II, according to people with knowledge of the matter.
Morning Consult
The youngest generation harbors few illusions that climate change has an easy fix, with most saying that its progression is inevitable, new Morning Consult data shows. The survey of members of Generation Z showed that 26 percent think humans can stop climate change in its tracks. And roughly half (49 percent) of those surveyed believe that the phenomenon can be slowed (but not stopped), with just 8 percent saying conditions have spiraled beyond our ability to rein them in.
Architectural Digest
If there’s been a particular corner of the design world that’s actually managed to have a decent year, it’s online home decor retailers. Between the sudden, significant spike in demand for home office pieces plus an abundance of time to dream up and complete home improvement projects, consumers seem more inclined than ever to buy furniture and other products online.
The Propcast
Gregory is the Founder of A/O PropTech, Europe’s largest PropTech venture capital firm and a real estate and technology investor with over 15 years of experience across I-Banking, real estate and venture, a multi-billion deal-making history, and a deep understanding of the financial markets, real estate and venture eco-systems. Prior to A/O PropTech, Gregory founded AMD Capital, a specialised real estate investment company focusing on the most thriving segments of the industry through both priva…
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