Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bloomberg
On April 2, the day that coronavirus infections around the globe hit 1 million, managers inside JPMorgan Chase & Co. were emailing their latest plans for staffing New York-area trading floors amid the deadly pandemic.
Wall Street Journal
With debt payments looming and access to loans uncertain, some chains are fighting for survival; ‘retail bankruptcies are coming’
enertiv
It has been over three weeks since the COVID-19 outbreak has been declared a national emergency. Three-fourths of Americans find themselves under some sort of lockdown imposed by local and state governments to prevent the spread.
AXIOS
Coronavirus-related economic disruption and uncertainty could yet slow the pace of 5G deployment in the U.S. — but for now, the major carriers say they’re moving full speed ahead.
Wall Street Journal
Nearly a third of U.S. apartment renters didn’t pay any of their April rent during the first week of the month, according to new data to be released Wednesday by the National Multifamily Housing Council and a consortium of real-estate data providers.
The Real Deal
WeWork had been aiming to lower rent costs and shift its leases to management agreements well before the coronavirus pandemic. Its massive real estate expenses threatened to exhaust its cash following its botched initial public offering attempt last fall, but it was bailed out by its principal investor, SoftBank.
The Globe and Mail
Most people spend little or no time thinking about streetlights but it’s a business for Chuck and Ken Cartmill who, along the way, discovered something rather illuminating: The equipment used to light up roadways can also be a pillar for the information age.
PlaceTech.
The M7 Real Estate executive chairman talks to Paul Unger about where he’ll be looking to invest his tech funds after corona, his business travel diary and which of his investments excites him most.
Wall Street Journal
After grappling with sluggish market for more than two years, developers of New York City’s most luxurious condo towers are now confronting the unprecedented fallout of the coronavirus epidemic, which has ground construction, and many of their sales efforts, to a standstill.
CREtech
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