Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
TechCrunch
Today after the bell, video-chat service Zoom reported its Q1 earnings. The company disclosed that it generated $328.2 million in revenue, up 169% compared to the year-ago period. The company also reported $0.20 per-share in adjusted profit during the three-month period.
The New York Times
The world’s largest hotel companies have all come forward in recent weeks to announce new cleaning playbooks. In February, news from the Wynn Las Vegas included plans for Valentine’s Day (among the offerings: a “Lover’s Menu for Two”) and National Margarita Day (four new cocktails). …
PlaceTech.
The London show will hold a digital event next month and move its physical gathering to 2021. FUTURE PropTech will return on 28-29 April 2021 at the same venue, Magazine in London. The show’s organisers said they have “already reached out to delegates that are registered with more information, but if you missed that email you can view your options here.”…
Crunchbase
To understand the impact of the pandemic on global venture funding, we took a look at comparative trends for the first four months of each year from 2016 through to 2020. The impact to technology companies was immediate, with transportation (Uber, Lyft), logistics (KeepTruckin), travel (Airbnb, OYO), real estate (Compass, Opendoor), marketing (Branch), retail (Rent the Runway, The RealReal), finance (Monzo, Metromile), media (Politico, Quartz, TheSkimm), and recruiting (Glassdoor, ZipRecruiter) …
MillionAcres
There has been a flurry of news over the past few weeks about major tech companies embracing work from home (WFH) policies indefinitely. There’s no doubt that this will have a dramatic effect on the office market and investors who hold assets in this sector….
The New York Times
Before the pandemic shut down businesses, a robust economy had powered a building boom, sending office towers skyward in urban areas across the United States. The coronavirus outbreak, though, has scrambled plans and sent jitters through the real estate industry.
PlaceTech.
The global tenant engagement solutions provider for commercial real estate is helping companies and employees get back to work safely through a series of dashboards that report on real-time lobby traffic, building occupancy, air quality and other key measures delivered by sensors throughout a building.
Bisnow
WeWork’s Manchester and Birmingham landlords are considering whether to operate flexible workspace themselves or under management agreements, or to find new occupiers for WeWork hubs, as the global coworking giant reconsiders its property portfolio. The discussions, reported to be managed on behalf of WeWork by Knight Frank and JLL, are expected to conclude early next month. They will decide the future of 232K SF in Birmingham and 307K SF in Manchester.
CREtech
The multifamily sector has been on a rapid path of growth and expansion over the past several years. However, with the current pandemic disrupting occupancy, it’s no longer business as usual. A true black swan event in modern economic history, today’s leaders in multifamily real estate are rethinking and transforming their approach and strategies in today’s economic environment. In a recent CREtech Talks, Fully Automated Multifamily, five of the most innovative leaders in multifamily real es…
Wall Street Journal
More than 20 of the world’s largest co-working firms, suffering a threat to their business from the pandemic, have agreed to coordinate in a way that would have been unheard of before the crisis. The firms, which include Industrious and Convene in the U.S., JustCo of Singapore, and IWG PLC of the U.K., have formed a new umbrella organization known as the Workplace Operator Readiness Council.
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