Latest Trends and Insights in Real Estate Technology

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  • SoftBank says it has now invested $18.5 billion in WeWork, ‘more than the GDP’ of Bolivia, which has 11.5 million people

    TECHCRUNCH

    Yesterday, in addressing nervous WeWork employees at an all-hands, the company’s new chairman, SoftBank  executive Marcelo Claure, told those gathered that their days of worrying are over, says Recode, which obtained a leaked recording of the meeting. In comments that may stun industry observers who haven’t done the math — and upset at least some percentage of SoftBank investors — Claure is quoted as telling employees: “We have guaranteed the future of WeWork, but more importantly is we’re putt…

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  • Internet Provider Wander Sets Up Shop in L.A.

    GLOBEST

    Wander has reimaged the internet-service business, and now it is opening up shop in L.A. The Internet provider has made a name for itself by offering high-speed Internet service for $25 per month without a contract commitment. The business model is based on providing only the speeds that residents use, which is typically 50 Mbps per year or less. “I started my career at Disney right as Comcast made a hostile takeover bid in the group tasked with presenting to the board on whether it was worth…

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  • Landlords and Builders Face Down the Bumpy Road of Smart-Tech Installation

    COMMERCIAL OBSERVER

    That’s led to an uneven rollout of increasingly available smart-building technology as the field of vendors — and the growing pains associated with installing the tech — outpace landlords’ and developers’ abilities to adopt computer-driven building systems, according to panelists at Commercial Observer’s Building Technology Forum in Midtown on Wednesday morning.

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  • More Than 2,000 Industry Professionals, from over 1,000 companies and 35 Countries, Attend CREtech New York 2019 at Brooklyn Navy Yard’s Dock 72

    CREtech

    CREtech Returned to New York for 7th Annual NYC Event With Record Setting Attendance for The Premier Commercial Real Estate Tech Conference of 2019     New York, NY (October 24, 2019) — CREtech (cretech.com), the leading event, content and connectivity platform for the commercial real estate technology industry returned to NYC on October 16th and 17th for the most influential commercial real estate tech conference of 2019.  The two-day conference was held at Rudin Develop…

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  • “Trying-On” a Trillion Dollar Retail Solution

    MICHAEL BECKERMAN

    Some numbers are so big they boggle the mind. Million? That’s a lot. Billion? One could name some billionaires, though scarcely conceive of the monetary reality. Trillion? It sounds like a fake number to most—an inconceivable amount of anything, let alone money. Retail’s latest puzzle is about a trillion U.S, dollars, and according to CEO Tobin Moore of Optoro, an end-to-end returns optimization solution, all trillion of it is getting returned.  As shoppers move away from brick and mortar and…

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  • GMG, Wecan and Capelli bring blockchain to real estate sector

    FINTECH FUTURES

    Financial solutions provider Geneva Management Group (GMG) has partnered with fellow Swiss-based blockchain developer Wecan Group and French real estate development group Capelli to launch a new blockchain-based product for the property sector.

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  • Luxury-rental startup raises $50M in equity

    THE REAL DEAL

    Blueground and its new investors are banking on fast growth and a “recession resistant” model. The luxury-rental company announced its Series B funding round raised $50 million in equity financing. The round was led by Airbnb investor Laurence Tosi’s investment firm Westcap Group and Europe-based Prime Ventures. It brings Blueground’s total equity funding to $78 million.

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  • The CEO of Blackstone’s massive office portfolio says industry-wide proptech adoption is hinging on strong leadership — and a healthy dose of fear

    BUSINESS INSIDER

    Lisa Picard, chief executive of Blackstone’s EQ Office, outlined her view of the future of proptech and how real estate companies can put new tech to use at a presentation at a CREtech event last week.

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  • Air pollution falls by a third inside London’s congestion zone

    SMART CITIES DIVE

    Air pollution associated with traffic has dropped by more than a third inside London’s Ultra Low Emission Zone (ULEZ), according to a report from the city. The zone, which covers central London, launched in April 2019 and requires that drivers meet emissions standards or pay a fine.

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  • WeWork To Reportedly Lay Off Up To 4,000 Employees

    CRUNCHBASE

    WeWork is planning on laying off up to 4,000 employees following its funding rescue by SoftBank, according to the Financial Times. The company employs about 15,000 people, according to Vox. WeWork is also planning on prioritizing its operating in the United States, European and Japanese markets, while scaling back in China, India and Latin America, FT reported….

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