Buildout Announces New Investment Partnership with The Riverside Company
Yahoo Finance
Buildout, commercial real estate’s premier brokerage software company, announced today that they secured a new investing partner in The Riverside Company.
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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essensys plc introduces Smart Access, an innovative access control solution for flexible office environments
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…
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A risky bet by America’s mall owners: Plucking retailers out of bankruptcy to salvage a pandemic-hit industry
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.
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Kiwibot delivery robots head to San Jose with new partners Shopify and Ordermark
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…
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FILLING THE VACANCY GAP: How ATYPICAL can Generate Leads for Your Leasing Team
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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IBM Sues Zillow Over Patent Use
The Real Deal
IBM is escalating its legal battle with Zillow, filing a second lawsuit accusing the listings giant of infringing on patents to build its real estate search engine. … Despite written notifications, Zillow has engaged in a “policy of willful blindness” and continues to use the technology, IBM alleges …
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Competition Among Virtual Tour Companies Heats Up During Pandemic
The Real Deal
Last August, R.J. Pittman hopped on stage at a Las Vegas conference to promote his company. A seasoned tech executive with stints at Apple, Google and eBay, Pittman was less than a year into his role as CEO of Matterport, which develops and sells cameras and software to create 3D digital models of interior space.
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LinkedIn to Cut About 6% of Staff
Wall Street Journal
LinkedIn will cut about 960 jobs, or around 6% of its workforce, as the Microsoft Corp. MSFT 0.61% -owned professional networking site grapples with falling demand for its recruitment services due to the Covid-19 pandemic. LinkedIn Chief Executive Ryan Roslansky said the job cuts will be made across the company’s global sales and talent acquisition teams. The coronavirus has had a sustained impact on demand for hiring, he said in a message posted on the company’s website….
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As It Battles Landlords, WeWork Rival Knotel Is Trying To Raise $100 Million
Forbes
Flexible office startup and WeWork rival Knotel is attempting to raise as much as $100 million, according to three sources familiar with the matter. The company, which has previously been valued at a reported $1.6 billion, faces a decimated real estate market across the globe, and particularly in the U.S….
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Microsoft, Nike, Unilever Announce Global Carbon-Neutral Group
Bloomberg
Microsoft Corp. said the first investment for its $1 billion climate fund will be in venture capital firm Energy Impact Partners. The software maker also joined with Nike Inc., Starbucks Corp., Unilever NV and Danone SA in a new consortium devoted to sharing resources and tactics for slashing carbon emissions, bringing together the efforts of some of the biggest global companies that have pledged to take action against climate change. …
