Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
A source close to the real estate listings portal confirmed layoffs Tuesday in all offices and departments of the Santa Clara, California-headquartered outfit, which is operated by Rupert Murdoch-owned News Corp. subsidiary Move. Inc.
AXIOS
In a matter of weeks, the coronavirus crisis has triggered indelible shifts in the way America works. The big picture: The pandemic is accelerating the onset of new trends in work — toward telecommuting, new office layouts and a different work-life balance. And we’re already seeing signs that these effects will outlast the crisis.
Wall Street Journal
Many Americans heading back to the factory and the office as the coronavirus pandemic eases will soon begin to notice that their every move is being watched or recorded. In Midtown Manhattan, thermal cameras will measure body temperatures as employees file into a 32-story office tower at Rockefeller Center. The building’s owner, RXR Realty, said it is also developing a mobile app for tenants to monitor—and score—how closely their workers are complying with social distancing….
CNBC
First, the department store closes. Then, the apparel shops try to scoot out of deals. This is a one-two punch that could trigger a wave of malls shutting for good over the next 12 months.
Bloomberg
Opendoor, which halted purchases in March and laid off more than a third of its staff as the coronavirus kept U.S. homebuyers indoors, will resume operations in Phoenix this week, with plans to reopen in more than 20 additional markets in the months ahead.
The New York Times
Business lobbyists and executives are pushing the Trump administration and Congress to shield American companies from a wide range of potential lawsuits related to reopening the economy amid the coronavirus pandemic, opening a new legal and political fight over how the nation deals with the fallout from Covid-19.
Bisnow
When the coronavirus crisis ends, building owners with newer assets armed with germ-fighting technologies are most equipped to succeed in the new normal, DFW developers Bill Cawley and Bill Brokaw say.
The Real Deal
Common unveils property manager for workforce housing. Common, a company known for high-end communal living, is getting into the affordable housing business. The co-living firm revealed Monday that it has launched a brand geared towards workforce housing.
Bloomberg
Real estate technology startup Cadre is planning to launch a new fund to seize on property-market opportunities that arise from the economic downturn in the wake of the coronavirus pandemic, according to people with knowledge of the matter.
Business Insider
Cherre, the NYC-based real estate data and analytics platform, today announced a new data partnership with CompStak, the nationwide provider of commercial real estate lease comps, sales comps, and property information. In this partnership, Cherre will integrate CompStak’s lease and sales comp data within the Cherre platform for mutual customers, providing visibility into granular property transaction information when evaluating properties for underwriting and investment decisions.
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