Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
Blackstone Group, the world’s largest commercial landlord, has some sobering news. “Over time people will return to office buildings,” said its president, Jon Gray. But, he added, “there will be less density, there will certainly be a lot less new construction.”
The Real Deal
Even as rivals rushed into iBuying, Realtor.com resisted the home-buying craze. Until now. The listings portal said Thursday that it is launching a seller’s marketplace, where sellers can request offers from Opendoor, EasyKnock, HomeGo and WeBuyHouses.com instead of listing directly on the open market….
PR Newswire
Today, Catalyst Housing Group (“Catalyst”) announced that Stephanie Fuhrman will lead Innovation for the company. Overseeing the newly formed Catalyst Innovation Lab, Fuhrman will be focused on incubating, piloting and scaling innovative solutions, tools and partnerships that drive operating margins, building efficiencies and portfolio sustainability throughout the multifamily sector….
UpWork
The impact of COVID-19 on the way that we work arguably represents the most drastic and rapid shift to the global workforce that we have seen since World War II. In a matter of weeks, America’s social distancing practices and rapid economic shutdown have pushed large swaths of the workforce out of the office and into the home. In fact, a recent survey estimates that the share of remote workers in the U.S. has quadrupled to nearly 50% of the nation’s workforce.1 While businesses and workers have …
NREI Online
Politicians, housing advocates and developers used to talk about the value of owning a home. That largely stopped in the years after the housing crash and the Global Financial Crisis, in which millions of people lost homes to foreclosure. Housing advocates now call for Congress to support a new wave of home construction, both to ease the shortage of housing and create jobs for some of the people who became unemployed as a result of the economic crisis caused by the coronavirus pandemic. And on a…
Yahoo Finance
Buildout, commercial real estate’s premier brokerage software company, announced today that they secured a new investing partner in The Riverside Company.
PR Newswire
essensys plc, the leading global provider of mission-critical software-as-a-service (“SaaS”) platforms and on-demand technology to the flexible workspace industry, announces the launch of Smart Access. In a flexible office portfolio, space access is a common pain point for operators and their members. Administering entry for hundreds, even thousands of end-users, across multiple locations, private offices and meeting rooms can be complex and challenging, making the management of workplace acces…
CNBC
Dozens of retailers, some of them the lifeblood of America’s shopping malls, have been pushed to the brink and filed for bankruptcy during the coronavirus pandemic. Apparel brands like J.Crew, Brooks Brothers and New York & Co. parent company RTW Retailwinds. Department store chains Neiman Marcus, J.C. Penney and Stage Stores. The health chain GNC. The kitchen supplies company Sur la Table. The list goes on. And there are more coming.
TechCrunch
Kiwibot, the delivery robot startup that got its start shuttling burritos and snacks to students on the University of California-Berkeley campus, is expanding to San Jose with a new business model and partners Shopify and Ordermark . About 25 Kiwibots will today begin delivering food and goods to customers in downtown San Jose and Buena Vista, a predominantly Latino neighborhood located southwest of the city center. Kiwibot will charge $3.99 per delivery, a fee that restaurants and other busin…
ATYPICAL
The effects of COVID-19 are far-reaching for all industries, and the commercial real estate sector is no outlier. All asset classes have had to deal with the ebbs and flows of tenant responses to this environment – at the forefront payment defaults, store closures, and lease terminations. Naturally, vacancy and delinquency rates have spiked, putting pressure on owners and operators of commercial space. Two departments that we’ve encountered who have felt increased pressure during this period are…
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