Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Verge
Google has extended its work-from-home policy for the remainder of 2020. After previously telling employees that they would be working remotely until June 1st, CEO Sundar Pichai has told employees that they’ll likely work from home until the end of the year, via The Information.
Wall Street Journal
Wall Street’s wager on high-earning suburban renters is paying off, and it is raising its stakes. Investors are flocking to America’s mega landlords, drawn by signs the companies that emerged from last decade’s foreclosure crisis owning huge pools of rental houses are weathering the economic shutdown far better than feared.
Rabbet
How are real estate professionals managing project finances during COVID-19? Tune in to our webinar on Wednesday May 13th from 12-1pm CT to hear a panel of real estate technology experts from Rabbet, Juniper Square, StructionSite, and Camber Creek weigh in on the challenges and best practices.
GlobeSt
When Harris County’s stay-at-home order took hold, many businesses were left scrambling to put systems into place. But some like NAI Partners are successfully navigating the headwinds of the COVID-19 pandemic. The firm had been notably ahead of the curve in its previous use of technology to continue supporting clients.
Wall Street Journal
Welcome back to work. The corporate cafeteria is closed. The coffee makers are unplugged. And the desks are separated by plastic. Every part of office life is being re-examined in the era of Covid-19. When employees file back into American workplaces—some wearing masks—many will find the office transformed, human-resources and real-estate executives say.
Wall Street Journal
Renting an apartment in New York City is never easy. Since the coronavirus lockdown, many New Yorkers looking for a new home are grappling with a new challenge: signing leases for apartment units they can’t see in person.
CoStar Group
LoopNet– the most heavily trafficked commercial real estate marketplace online – launched CoTour, a virtual co-browsing space for tenants, owners and brokers to conduct business online, in response to the current needs of customers and the industry. At a time when in-person tours are not able to happen, LoopNet and its CoTour tool allow key decision makers to meet and tour properties in real-time, enabling business to be conducted virtually.
Medium
History has unfolded in waves of profound depths followed by the relief of buoyant times, only for the depths to return with unsentimental speed. The French Revolution and the Reign of Terror gave way to Paris’ jolly Incroyables and Merveilleuses, young men and women who dressed ostentatiously and had a cathartic frolic — for about four years until Napoleon took power. After World War I and the pandemic Spanish Flu, the Roaring ’20s carried Berlin, London, and New York into a new age of hilarity…
Wall Street Journal
Cities around the world are butting up against an intractable problem as they emerge from their coronavirus lockdowns: It is almost impossible to make their mass transit systems comply with social distancing during the rush-hour crush.
Bloomberg
A corporate-housing startup backed by Airbnb Inc. has raised money at roughly half the valuation it commanded five months ago, as the coronavirus pandemic ravages the lodging industry. Zeus Living Inc. raised about $15 million in equity and debt at a valuation of about $110 million from existing investors CEAS Investments I, Initialized Capital Management and Soros Fund Management, according to people familiar with the matter….
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