[INTERVIEW] CRE Korea uses AI, big data to offer accurate realty appraisal

By Baek Byung-yeul An increasing number of Koreans are using smartphone apps, such as Zigbang or Dabang, when they purchase, sell or rent apartments and other residential properties. But things are different when it comes to dealing with offices and other commercial real estate properties because there aren’t many online tools available for sellers and buyers. So they tend to depend more on realtors for market information, forcing them to pay higher commission fees. In addition, many co…

Truss Announces TrussCRE in Chicago

Enhanced Platform Designed for Brokers Offers New Functionalities  CHICAGO – Truss, an award-winning marketplace for commercial real estate, announced today it is launching an enhanced version of TrussCRE, a listing and transactional marketplace for brokers. To help brokers in Chicago close more deals faster, the platform boasts two enhanced capabilities: the ability to conduct and adjust a real-time market survey and share results electronically with clients. “We’re the only ones in commercia…

Amazon Counter package pickup network expands to thousands more locations in the U.S.

Amazon has announced a major expansion of its package pickup service in the U.S. Counter, as the service is known, allows Amazon customers to select a third-party location to have their parcel sent to, which may be convenient for those unable to receive a package at their home address. Retailers signing up to allow their venues to be used as pickup locations have a simple incentive: A customer entering a store to collect a parcel may then hang around to buy other things while they’e there. It…

CoStar Awarded Record $500M Settlement From Xceligent In Copyright Suit

CoStar Group’s legal battle with Xceligent appeared to fade when its competitor shut down nearly two years ago, but new documents show the dispute has continued behind the scenes, and CoStar just won a major victory. CoStar and Xceligent’s court-appointed bankruptcy trustee filed a proposed judgment in Delaware Bankruptcy Court Tuesday, finding Xceligent liable for $500M in damages for stealing tens of thousands of images from CoStar’s databases.

WeWork’s Multibillion-Dollar Takeover by SoftBank Could Turn Into a Money Pit

WeWork said it was going to transform the market for office space, reinvent the way people work and elevate the world’s consciousness. But in recent weeks, the brutal reality beneath the lofty visions has emerged. After failing to go public, the company was running out of money fast and needed a bailout. On Tuesday, WeWork’s largest outside investor, SoftBank, provided a last-ditch lifeline — a multibillion-dollar takeover that would wrest control from Adam Neumann, WeWork’s co-founder and form…

Soho House takes its co-working concept to Hong Kong

Soho House has opened its second Asian clubhouse, this time in Hong Kong – and it includes the brand’s SohoWorks coworking concept. The Sheung Wan-based House will be the first outside of London to host the shared workspace, which will open next year. The clubhouse has already thrown open its doors in the meanwhile, and it continues the familiar aesthetic members of the international brand have come to expect. These include jewellery-box tones, dark woods and vintage furniture….

AI and Automation Are a Win for Multifamily

DALLAS—Artificial intelligence and automation are familiar buzzwords in the multifamily industry, but tech implementation is hardly widespread. That is starting to shift, as multifamily organizations are using the concepts not only to boost smart-home technology efforts, but also assist prospects and recruit/retain high-performance associates.

Listen to Jeremy Jennings, co-founder & co-CEO, Jabbrrbox from The Airport Experience News Podcast on Apple Podcasts.

…and the creation and need for personal workspaces in airports.

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Disperse raises $15 million for computer vision that tracks construction site progress

Disperse, a London-based startup that helps construction companies automatically capture and process visual data from construction sites, has raised $15 million in a series A round of funding from Northzone, with participation from Revolt Ventures, Kindred, and Frontline.

Microsoft’s DreamWalker lets you see VR cities during real-world walks

If the idea of putting on a VR headset and walking with your vision obstructed through a real city sounds suicidal, that’s just because the technology hasn’t yet caught up with its potential — at least, that’s what researchers from Microsoft believe. A newly released video of DreamWalker shows how the company expects to turn real-world walks into VR experiences, using a combination of inside-out tracking and GPS data to avoid dangerous obstacles….