Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • Investing In Advancing Property Management Technology

    FORBES

    When it comes to technology, the real estate industry has traditionally been slower to embrace advancements than many other fields. Breakthroughs eagerly adopted by other industries initially met with resistance from leading real estate players, leading to the kind of delayed adoption that unnecessarily hems in sales and profits. But as competition has grown more robust year after year the real estate industry has followed others to one realization. Companies must embrace technology or wither…

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  • Breather hires former Regus exec to lead real estate division

    THEREALDEAL

    Office-space company Breather is stocking its executive ranks in a bid to ramp up expansion. The firm, which offers meeting spaces on an hourly basis, and office space from a day to months at a time, has hired former Regus executive Dan Suozzi to lead its real estate division. He started Friday. “My main priority is to expand the portfolio,” said Suozzi. That mission comes at a tumultuous time for real estate startups. Many face a reckoning as they seek to raise money from investors increasingly…

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  • 2 AI-based construction platforms receive millions in funding

    CONSTRUCTIONDIVE

    Once considered futuristic, artificial intelligence has been made more accessible and integral to contractors in recent years by several burgeoning startups, through programs such as OpenSpace and Smartvid.io. Adding to the list of firms making inroads in construction technology, two other artificial intelligence-powered companies offering digital solutions for construction managers announced new rounds of funding this month: Alice Technologies and Disperse.

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  • WeWork opening coworking space for S.F. food startups

    BIZJOURNALS

    WeWork is launching an incubator of sorts for sustainable food in one of its newest San Francisco locations. The concept, known as WeWork Food Labs, is slated to open Friday to provide food startups with space to operate and access to mentors and investors. The 15,367-square-foot space at 60 Francisco St. can accommodate about 100 members in San Francisco’s North Waterfront district. The location is the company’s first West Coast food lab. Memberships start at $300 a month, according to WeWork’…

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  • CREtech CIO Ash Zandieh to Moderate National Realty Club CRE Tech Summit

    NATIONAL REALTY CLUB

    Partnered with CREtech, National Realty Club presents to you the second CRE Tech Summit. We will be discussing Technology’s Impact on Real Estate, and how to future proof real estate in the age of innovation. Register today!

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  • How Toronto Reined In Big Tech

    NYTIMES

    This week Toronto won a major fight against Big Tech. But unlike the battles underway in Washington, it wasn’t over digital domains like online privacy or ad sales; rather, it was over something deep out of the city’s industrial past: its waterfront. Sidewalk Labs, a sister company of Google, had proposed rebuilding a chunk of land east of downtown in exchange for using Toronto as a beta test. In pushing back against that plan, Toronto reached a compromise that lets Sidewalk go ahead, but firml…

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  • SoftBank Wires $1.5 Billion to WeWork Before Cash Runs Out

    BLOOMBERG

    WeWork said it received an early payment of $1.5 billion from SoftBank Group Corp., as the co-working company was weeks away from running out of money. As a result, a slate of governance changes went into effect Wednesday, including the replacement of co-founder Adam Neumann as chairman and the assignment of five board seats to SoftBank, which will take a majority stake. WeWork also said it appointed a new independent director to the board, Jeff Sine, co-founder of financial firm Raine Group….

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  • New Tech-Driven Hospitality Catering To More Than Millennials

    Bisnow

    The average customer for tech-savvy hospitality startups like Sonder and Yotel has expanded to beyond your average millennial, but traditional hospitality, especially in the Bay Area, isn’t worried. For instance, micro-hotel concept Yotel, which debuted in San Francisco earlier this year, has an average guest age of “about 40,”  Yotel North America Senior Vice President of Development Jason Hsiang said at Bisnow’s Bay Area Hospitality Summit last week.

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  • Toronto’s City of Tomorrow Is Scaled Back Amid Privacy Concerns

    NYTIMES

    It was supposed to be a sprawling “smart city” of tomorrow, with sensors tracking the speed of people crossing the streets and robots that could double as trash collectors. But the overhaul of Toronto’s eastern waterfront envisioned by a sibling company of Google, a plan that raised a chorus of privacy concerns, was severely scaled back on Thursday. Waterfront Toronto, the government agency responsible for development of the area, voted unanimously to limit the ambitions of the company, Sidewal…

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  • Office REITs Gauge the Risks and Rewards of Coworking

    COMMERCIALOBSERVER

    In early 2018, Washington Real Estate Investment Trust acquired a 398,000-square-foot office building in Rosslyn, Va., and got to work converting some of the space for a new co-working venture dubbed Space+. The spot launched in July 2018, and WashREIT leased 90 percent of the initial 96,000 square feet in 90 days. Leases were structured to be flexible, with terms as short as one month and move-ins within 24 hours of signing the lease. Space+ has since grown to 107 suites, either planned or d…

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