Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bloomberg
The valuation of WeWork has tumbled to $2.9 billion amid the coronavirus pandemic and its ongoing business struggles, a tiny fraction of its peak when the office-sharing company was among the world’s leading startups.
CREtech
Return to work looks totally different across the US. Hear from leading property owners, developers and managers across major US markets as they share their real time feedback on the varying plans for return to work across asset types & occupier types. We are surprised by how different each market is and how employers and governments are reacting and responding to the Return to Work planning.
Bisnow
These firms are doing so under the knowledge that their clients, who are relying on their advice on how to allow their own employees back into offices across the globe, will be watching how it works out for them. “There are a lot of things we need to do well to make it work,” NKF Executive Vice President Roy Abernathy said. “Clients are looking to us to do it well. And clients are looking to us to provide those best practices and demonstrate them.”
Wall Street Journal
In March, Lester and Janet Knispel paid $1.55 million for a white-columned house on the second fairway at Isleworth Golf & Country Club in Windermere, Fla. Now their televisions are mounted on the walls and their Porsche is parked in the garage.
Wall Street Journal
Cybersecurity firm Rapid7 Inc. RPD 2.78% last year installed tiny cameras around its Austin, Texas, office to track how its staff used the space. Now it’s using those same cameras to keep workers apart.
Wall Street Journal
The world’s biggest tech fund was risky from the start, quickly pouring about $80 billion into cash-burning startups at high prices. A less-noticed part of SoftBank 9984 0.97% Group Corp.’s strategy has deepened the fund’s losses and will likely weigh on any recovery….
Wall Street Journal
I had a couple of deals in the works before this whole thing hit, and what I’m doing now is following through and making sure everything goes through to closing. It hasn’t been easy.
Michael Beckerman
Big tech! One of the most extraordinary outcomes we are witnessing (or shall I say being bombarded with) on a daily basis is how “work” as we know it is now being challenged during the pandemic. Not a day goes by where I am not inundated with content from companies doing surveys, studies, making suggestions and plans on how we will all get back to work and what the future holds for the real estate industry. And I have no doubt that you are facing the same content onslaught. As I have writt…
FOX Business
RXR Realty Chairman and CEO Scott Rechler discusses changing the workspace amid the coronavirus and how his company is combining technology with new processes to increase safety.
Wall Street Journal
Even as malls and stores begin to reopen, the Covid-19 pandemic has taken a toll on an industry already battered by the shift to online shopping. More than two million retail jobs disappeared in April as many stores closed. The damage will be clear Friday when the U.S. government reports what is expected to be one of the worst months for retailers since World War II….
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