Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Benzinga
FreightWaves, one of the leading providers of freight data and analytics, has raised $37 million in two rounds of minority investment since April. The latest round was led by Kayne Partners Fund, the growth private equity group of Kayne Anderson Capital Advisors, L.P. Kayne Partners Fund has committed $30 million to accelerate FreightWaves’ growth. This round puts the total capital raised by FreightWaves at $75 million.
The Propcast
In this episode we talk to Robert Courteau from Altus Group about Global Data. The Propcast is by Louisa Dickins, Co-Founder of LMRE the leading Global PropTech recruiter brought to you in partnership with UK PropTech Association, The UK PropTech Association is a membership organisation to drive the digital transformation of the property industry. This show will focus on connecting the Proptechs, real estate funds and VC’s globally…and get everyone talking about innovation of the built environme…
Wall Street Journal
Fewer than one-tenth of Manhattan office workers have returned to the workplace a month after New York gave businesses the green light to return to the buildings they vacated in March, according to the city’s leading landlords, brokerage firms and employers. Major financial institutions like Citigroup Inc. C -0.74% and JPMorgan Chase & Co. have allowed only a small number of traders, bankers and other employees to return to the workplace. Technology firms have been even more tentative, with …
Nexkey
Today, 98% of people have a smartphone, the most desired credential, yet only 5% use them to unlock the doors to their office. This may soon change as 44% said access control is now more important to them after the coronavirus pandemic. Nexkey, a leading innovator in cloud and mobile access control technology, today releases the 2020 Access Control Trends Review which reveals an increased importance on security for businesses after COVID-19 and the continued desire to adopt new acce…
Commercial Observer
Tishman Speyer rolled out its coworking concept, Studio, to two more Manhattan buildings, as some predict flexible office leases to become more popular for businesses in the wake of the coronavirus pandemic, Commercial Observer has learned.
Wall Street Journal
Google will keep its employees home until at least next July, making the search-engine giant the first major U.S. corporation to formalize such an extended timetable in the face of the coronavirus pandemic. The move will affect nearly all of the roughly 200,000 full-time and contract employees across Google parent Alphabet Inc., GOOG 1.21% and adds pressure to other technology giants that have slated staff to return as soon as January. …
Wall Street Journal
A shift potentially as monumental as the movement of workers into factories during the Industrial Revolution has swept the globe, only this transition happened in months, and moved people in the opposite direction—back home. Despite its speed, we’re still in the earliest stages of the Work-From-Home Revolution, and it could take years or even decades of trial and error to get right. …
The New York Times
7,500 workers are missing from a famous building. A food cart sells 10 hot dogs a day. The virus’s effect on one block could be an omen for the city’s future.
Forbes
I’m a strong believer – as we’ve explored several times over the past few months – that the current COVID-19 pandemic, though devastating for society and the economy, is motivating real estate industry stakeholders to fully embrace proptech and the value it can deliver now and for the future. It’s not surprising that, in all this doom and gloom, startups providing this value are getting the opportunity to shine. Last week, LA-based proptech startup Openpath (a firm favorite of this column) annou…
Bisnow
When the coronavirus first reached American soil and started to spread, restaurants around the country were universally restricted to takeout and delivery. Starting in May, states took different paths to reopening businesses, and states like Florida and Arizona were among the first to allow indoor dining and bar seating to resume.
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