Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The New York Times
KENT, Wash. — After months of being embattled over its response to the coronavirus, Amazon is working to convince the public that its workplaces — specifically, the warehouses where it stores everything from toys to hand sanitizer — are safe during the pandemic. …
The New York Times
Safety concerns have forced developers to rethink mixed-use projects combining retail, residences and offices, which have helped define the live-work-play ethos that many younger professionals seek.
Bisnow
Digital twins are still in the early-adoption stage but could take off in the … commercial real estate, a digital twin is a virtual replica of a building.
GlobeSt
Property managers have been slowly adopting and adapting to new technologies, but since the onset of the pandemic hit, technology has become an essential tool in the property management toolbox. Technology has become an integral way to communicate with residents, vendors and conduct basic business operations. According to a recent survey conducted by AppFolio, 23% of property managers have increased dependence on technology since the beginning of the pandemic.
Crunchbase
The main data point we have been referencing to illustrate this disparity in the startup world is revealing–just 1 percent of the amount of funding flows to black founders in the U.S But months before the events of the past several weeks, a trio of black founders set out to change that statistic in a meaningful way by raising money for their new fund, Collab Capital.
Wall Street Journal
Real-estate data firm CoStar Group Inc. received court approval Tuesday for its $588 million acquisition of bankrupt apartment-search site operator RentPath Inc. Judge Brendan Shannon of the U.S. Bankruptcy Court in Wilmington, Del. signed off on the acquisition and RentPath’s related chapter 11 plan, clearing CoStar of a major hurdle in closing the transaction….
The Real Deal
The REInterview: Real estate’s biggest VC on the industry’s existential shifts. Think about the word “landlord.” It connotes a relationship in which the power dynamic is very much tilted in favor of the property owner. …
Bloomberg
Antsy city dwellers seeking to escape their Covid-19 refuges are road-tripping to nearby vacation rentals in surprisingly strong numbers, showing the first signs of life for an industry that essentially ground to a halt in March.
Brandcast
COVID-19 has created unprecedented challenges for businesses to drive engagement with their customers. This webinar will reveal sales and marketing content strategies that will change the way the industry competes in today’s digital culture. See how global CRE companies including Colliers and Alexandria Real Estate are breaking through the digital barriers to get in front of customers. …
Bloomberg
I returned to the office this week, joining thousands of bankers from Citigroup Inc. to Morgan Stanley that are trickling back to their desks in Hong Kong. After almost five months working from home, it’s going to take some getting used to. The easing of coronavirus lockdowns heralds the beginning of the end for the world’s greatest work-from-home experiment. Perhaps. Twitter Inc. will let employees work from home permanently even after the outbreak recedes, while others such as Google have said…
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