Building Engines Raises $12.7M in Funding

Building Engines, a Boston, MA-based operations platform for commercial real estate owners, operators and occupants, raised $12.7m in funding. The round was led by existing investor Wavecrest Growth Partners, with participation from River Cities Capital Funds, MassMutual Ventures and Camber Creek Ventures. The company intends to use the funds to continue to expand operations and its business reach….

Five Takeaways from Day Two of the 2019 CREtech New York Conference

Day two of the 2019 CREtech New York conference wrapped up discussions on how the commercial real estate industry can adopt new technologies at a quicker and more meaningful pace. Here are five main takeaways from the second day of the event.

Unlocking the insights to build what matters. A new tool to de-risk and optimize real estate development. See it first at CRETECH.

CRETECH 2019 – Brooklyn, NY — Built off the backbone of Local Logic, Local Analytics looks to be the future of urban planning and the “go-to” investment tool for land development projects. Now, for the first time, a developer can see everything in one place. Using professional GIS tools; users can evaluate any location, while cross referencing demographic, market supply and demand, asset type, zoning data, and more. For example, a land developer can get into the livability and demographics of…

CRE Tech Spending Should Continue Through a Recession

The commercial real estate is rapidly changing. At the center of that change is the tenant and end-user experience, given the increasing use of technology and rapidly changing customer preferences, according to Deloitte’s 2020 Commercial Real Estate Outlook. Jim Berry, Deloitte’s US Real Estate sector lead, thinks the CRE industry needs to move from the mantra “location, location, location” to “location, experience, analytics.” He says the latter two elements are becoming equally as significa…

EXCLUSIVE: New Broker Poll Shows Coworking (Even WeWork!) Not Seen As Much Of A Threat

Commercial real estate brokers are much more convinced that coworking is a lasting trend, and they have more tenants asking for flexible leases, a new poll released by CRE software company Apto shows. The Apto National Broker Buzz Poll was conducted during the past two weeks and polled both customers and non-customers. It found that brokers are less threatened by coworking, including currently imploding behemoth WeWork, and that corporate/credit tenants are still bullish on standard medium- a…

WeWork’s landlords buckle up

For New York City landlords needing a quick fix to fill empty office space, WeWork has been a go-to tenant for years.

Now, with the office-space company in turmoil, those property owners suddenly feel a lot less secure. Some are turning to WeWork competitors to line up options in the event they need to suddenly fill space.

Ten-X Launches New Mobile App

Ten-X has re-launched its mobile app. The new app isn’t only a redesign of its existing app, but a complete ground-up rebuild with new functions that will aid in keeping brokers connected and active away from their desktop. It includes new iOS programming, leverages data and behavioral and gives users access to 70% more assets than before.

Seven Takeaways from Day One of the 2019 CREtech New York Conference

The conference, taking place in New York this week, is covering everything from IoT to coworking spaces.Day one of the 2019 CREtech New York conference taking place in Brooklyn this week kicked off with over 2,000 real estate professionals discussing the future adoption of proptech in the industry. Some of the topics discussed showed the blurred lines between proptech and fundamental shifts in how commercial real estate is being used with the adaption of concepts such as co-living and modu…

What commercial real estate brokers like and dislike about CRETech

Technology is increasingly part of the commercial real estate landscape but what do brokers see as the good and bad of CRETech? A new survey of CRE brokers by Ten-X Commercial and theBrokerList asked about attitudes to technology including its use and investment. It found that most are generally optimistic but there is mixed sentiment over factors including customization, complexity, cost, and job security.

VTS Announces Acquisition of PropertyCapsule

NEW YORK–(BUSINESS WIRE)–VTS, the commercial real estate industry’s leading leasing and asset management platform, today announced that the company has entered into an agreement to acquire PropertyCapsule, the leading marketing automation and prospecting software used by more than 50% of the top 100 retail landlords in North America. As part of the acquisition, Thomas Byrne, CEO of PropertyCapsule and former President and COO of LoopNet, will join the VTS team in the newly created position of …