Latest in Commercial Real Estate Tech News by CREtech

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SoftBank Reportedly Negotiating To Take Control Of WeWork

BISNOW
10/16/2019

Even as it teeters on the brink of total collapse, The We Company still inspires fierce competition among potential investors. SoftBank Group, WeWork’s biggest single source of capital in the past three years, is negotiating to invest potentially billions more in a bid to take a controlling stake in the company, The Wall Street Journal reports. The added ownership share going to SoftBank would further diminish former CEO Adam Neumann’s voting shares.

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WeWork Nixes Planned Seattle WeLive Location

BISNOW
10/16/2019

The We Company has canceled plans for its long-anticipated Seattle co-living location, it announced Monday. In what would have been its third WeLive and first West Coast co-living location, WeWork had planned to occupy the entirety of Martin Selig Real Estate’s 36-story tower heading for the city’s Belltown neighborhood.

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Google Home Mini is now Nest Mini

TECHCRUNCH
10/16/2019

Google this morning unveiled the long-awaited follow-up to the Home Mini. The latest version of the company’s wildly popular entry-level smart speaker has been rebranded the Nest Home Mini, in keeping with the branding refresh of its smart home offerings. The new version of the device looks a lot like its predecessor, but features a number of internal upgrades.

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WeWork Bonds Fall to New Low

WSJ
10/16/2019

WeWork bonds plumbed new lows Tuesday, highlighting questions about the shared-office startup’s future as it explores options for raising desperately needed cash after shelving an initial public offering.

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This Dallas Apartment Building’s Sole Tenant Is a New Lodging Company

WSJ
10/16/2019

An apartment-hotel company that manages short-term rentals is leasing and managing an entire 26-story Dallas apartment building, the latest sign this budding segment of the lodging market is starting to gain traction.

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Join™ to Deliver the Wireless Services for Smart Buildings for Dock 72 at CREtech New York

JOIN
10/15/2019

Join to launch at Dock 72 with tailored services for the CREtech New York Conference on October 16-17 New York, NY (October 15, 2019) — Join™, the Cloud for Smart Buildings and Smart Workplaces, is pleased to announce that the company has added Dock 72 to its Cloud and will launch the service at the 2019 CREtech NYC Conference, being held on October 16th and 17th at the new Boston Properties-Rudin development site in Brooklyn. CREtech (cretech.com) is the leading event, content and connectivit…

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CREtech New York Starts Tomorrow – Register Today

CREtech
10/15/2019

Attend CREtech New York, the largest conference in real estate tech of 2019, to get a front row seat to exclusive interviews, keynotes, demos and more featuring the leaders in commercial real estate tech. Along with next-level content and presentations, attendees can book 1-to-1 meetings with prospective clients through our official matchmaking app for ultimate dealmaking opportunities.

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Silicon Valley Takes On Amazon’s Cashierless ‘Go’ Stores

WSJ
10/15/2019

SAN FRANCISCO— Amazon.com Inc. recently opened its fourth cashierless convenience store here, all located within a few blocks of each other. Nearby, two startups are each demonstrating their own technology that they envision powering cashier-free stores across America. This roughly one-square-mile stretch in the tech capital’s bustling business district is emerging as a battleground to eliminate retailing’s centuries-old checkout process and reinvent the way consumers shop. …

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Most CRE Executives Expect To Increase Tech Investments Related To Tenant Experience

BISNOW
10/15/2019

Location is no longer the only amenity of consequence in commercial real estate. In today’s world, CRE tenants are actually more likely to place a premium on buildings with internal tech advances, such as artificial intelligence and the Internet of Things. A survey of 750 CRE executives released by Deloitte this week found owners, developers, brokers and investors see their investments in tech-centric tools as one of the best ways to improve overall tenant experiences.

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Crowded out?

THE REAL DEAL
10/15/2019

Crowdfunding was once touted as the next big thing — a way for average investors to get into the lucrative world of real estate and a way for platforms to tap a new spigot of funding. The space took off around 2013, when the U.S. Securities and Exchange Commission announced new rules allowing private companies to sell securities to the general public….

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