Bold Investors Like Goldman See Opportunities In Data Centres

For traditional real estate investors, getting involved in the data centre sector can be hard. But investors looking to back and build companies can find ways into a sector where occupational growth is set to continue to rise. That was the view of panellists at Bisnow’s first London Data Centre Investment Conference & Expo, hosted by Sungard Availability Services.

Watch Now: CREtech New York 2019 Recap Video

The two-day conference was held at Rudin Development and Boston Properties recently-opened Dock 72 in Brooklyn Navy Yard. Featuring presentations, panel discussions and demos from today’s leaders in real estate, technology, PropTech, venture capital and finance, the event was a rousing success. Over 2,000 individuals attended the conference, making it a defining event in the history of the commercial real estate tech’s industry. Attendees used CREtech’s professional matchmaking app to set up 12,…

WeWork in Talks to Hire T-Mobile CEO John Legere

WeWork is in discussions with T-Mobile US Inc. Chief Executive John Legere to take over leadership of the troubled office-sharing startup, according to people familiar with the matter. WeWork’s parent, formally known as We Co., is searching for a CEO who can stabilize the company following the erratic tenure of its co-founder Adam Neumann. After WeWork’s failed attempt at an initial public offering, SoftBank Group Corp. bought a majority stake in the company last month in a bailout, severing …

Real Estate Tech Firm Motili Names New CEO

Real Estate technology solutions firm Motili has named Karl Pomeroy as its new CEO. Pomeroy will lead the firm through its next phase of growth as it leaves its start-up phase. Pomeroy brings more than 30 years in HVAC sales and management to Motili. He comes Goodman Manufacturing, Motili’s parent company, where he was the division president and was responsible for managing 66 locations in the Western United States. In 2017, he became executive sponsor for Motili, responsible for corporate in…

Knotel Has Hundreds Of Thousands Of Square Feet To Fill In The Next Year

WeWork’s spectacular failure at going public has thrown a spotlight on the vitality of the coworking sector in general — and it looks like one of its main rivals may have a big task ahead in filling its space. Flexible workplace provider Knotel, which is valued at over $1B, has nearly 800K SF that is either vacant right now or set to be vacant in the next year in New York City, Crain’s New York Business reports.

WeWork Was Wrestling With SEC Over Key Financial Metric Just Before It Scrapped IPO

Just weeks before WeWork expected its stock to begin trading publicly, the startup was still wrangling with the Securities and Exchange Commission over a controversial key financial metric and a litany of other concerns about its planned multibillion-dollar IPO. On Sept. 11—after the initial public offering prospectus had been public for nearly a month, and after the SEC had already made dozens of demands about the document—the regulator sent the shared-workspace company a list of 13 still-un…

How Virtual Reality is Augmenting Realty

In the span of 30 years, virtual reality has transformed from a science-fiction curio to a growing asset for the real estate industry. And some of the biggest changes in the field are now becoming commercially viable, thanks to the spread of affordable consumer hardware, like 360-degree cameras, and the ubiquity of powerful smartphones and devices.

SquareFoot Learning Office Space Lessons from WeWork

Episode 5 Available Now: The Real Crowd Podcast Interview Series Featuring Brendan Wallace of Fifth Wall

Listen now to episode 5 of The Real Crowd’s podcast interview series, “Fundamentals of Commercial Real Estate Investing” at CREtech New York 2019 featuring Brendan Wallace, Co-Founder & CEO, Fifth Wall; Vanessa Anderson, VP of Operations, Truss; Jorge Aguilar, Founder & CEO, Trove; Brian Thompson, Co-Founder & CEO, CRE Simple; and Anja Bump, Founder & CEO, Twofold.

CREtech CEO Michael Beckerman to Moderate PropTech Panel at NYU’s Upcoming Conference on Capital Markets in Real Estate

Register now for the 52nd Annual Conference on Capital Markets in Real Estate with a discounted price using the code ‘CMC_CREtech_2019’. The 52nd Annual Conference on Capital Markets in Real Estate will convene a roster of distinguished industry executives for a vigorous debate on global equity and debt capital flows, institutional and private equity investment activity, and emerging sources of market disruption.