Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CNBC
As consumer shopping habits change, America’s shopping malls have anointed many saviors: food halls, movie theaters, gyms. Grocery stores could be next on the list. Simon Property Group, the largest mall owner in the U.S., hinted at the idea on an earnings call Monday evening.
The New York Times
On any given day, Central Concrete, in San Jose, Calif., does what concrete companies have been doing for centuries: combining sand, gravel, water and cement to create the slurry that is used in construction.
Washington Post
The massive global shift to remote work since the pandemic began has led to some upsides: More flexibility, no commute, more comfortable pants. But those who sense this grand experiment in working from home also comes with plenty of downsides — longer days, more meetings and more email to answer — are now backed up by data from 3.1 million workers. The average workday lengthened by 48.5 minutes in the weeks following stay-at-home orders and lockdowns, and the number of meetings increased by …
GlobeSt
One of the leading causes for concern is net absorption, which in the second quarter fell into negative territory for the first time in a decade. For those who are in the office sector, one of the global leading real estate companies has two words to embrace if they want to adapt and succeed: flexibility and choice.
Business Wire
SAN FRANCISCO–(BUSINESS WIRE)–HelloOffice, the technology-powered commercial real estate brokerage making the search for office space seamless and intelligent, today announced five key hires to launch its third regional office and lead workplace strategy services….
Wall Street Journal
The world’s biggest coworking companies are starting to close money-losing locations across the globe, signaling an end to years of expansion in what had been one of real estate’s hottest sectors. The retreat reflects an effort to slash costs at a time when the coronavirus is reducing demand for office space, and perhaps for years to come. It also shows how bigger coworking firms, in a race to sign as many leases as possible and grab market share, overexpanded and became saddled with debt and ex…
Cushman & Wakefield
The importance of a comfortable, healthy and engaging workplace has been thrust into the spotlight during this global pandemic. People understandably want to work in an environment where they feel safe. Now, Indoor Environmental Quality (“IEQ”) is more important than ever. IEQ is simply the conditions occupants experience within a building, particularly those related to health and wellbeing, comfort and productivity — this is no doubt a focus for companies as they review return to the workplace…
AXIOS
It’s not just emotional buying, real estate agents say: There are smart and strategic reasons that Americans of all ages, races and incomes are moving away from urban centers. Why it matters: Bidding wars, frantic plays for a big suburban house with a pool, buying a property sight unseen — they’re all part of Americans’ calculus that our lives and lifestyles have been permanently changed by coronavirus and that we’ll need more space (indoors and out) for the long term.
Wall Street Journal
Airline and hotel executives don’t ask themselves whether corporate travel will be permanently reduced due to Covid-19. They ask themselves by how much—and the forecasts look scary. While tourism is making a timid comeback, business travelers are still nowhere to be seen. In the last week of July, itineraries purchased by corporations were down 97% from a year earlier, according to Coupa Software, a California-based business-spending management firm….
Wall Street Journal
A handful of warehouse robots helped American Eagle Outfitters Inc. cope with a flood of online orders during coronavirus lockdowns as consumers loaded digital shopping carts with hoodies, leggings and loungewear. Now the company is stepping up its use of automation. The company is installing 26 more piece-picking robots at its main U.S. distribution centers, making it the latest company to deepen its logistics technology investments as the coronavirus pandemic upends sales channels and supply c…
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