Latest Trends and Insights in Real Estate Technology

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  • WeWork to Raise Billions Selling Debt Ahead of IPO

    WSJ

    WeWork Cos. has a plan to shore up confidence in its business before it goes public: offer billions of dollars in debt that would fund its growth until it can turn a profit. The money-losing office-space manager is seeking to raise as much as $3 billion to $4 billion in coming months through a debt facility that could grow as big as $10 billion over the next several years, the people said. This debt offering would be independent of the money WeWork raises in its initial public offering and co…

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  • AppFolio Launches New AI Property Management Tool

    GLOBEST

    Property management software company AppFolio has launched a new artificial intelligence tool for property managers. The new AppFolio Property Manager Plus tool includes an AI leasing assistant. Lisa, the name of the tool, will automate the leasing process, including responding to requests by email or text in real time and tracking leasing performance. The result is aimed to help drive better occupancy in residential properties.

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  • Manhattan to JFK in 8 Minutes? Hail an Uber Copter

    WSJ

    STARTING THIS MONTH, you can summon a chopper with the tap of an app to whisk you from a lower Manhattan heliport to John F. Kennedy Airport in just 8 minutes. But Uber Copter isn’t for the average traveler fed up with gridlocked roads to Kennedy. Initially, the service is limited to Uber’s Platinum and Diamond members, the top tiers of its loyalty plan, and will cost an average of $200 to $225 one-way, or more depending on demand pricing. The choppers are owned and operated by HeliFlite, based …

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  • E-Commerce Turns the Tables on Restaurant Space

    WSJ

    As food delivery expands across major U.S. cities, a handful of startup companies are trying to use the latest e-commerce technology to liberate restaurants and grocery stores from pricey, street-facing retail space. The new breed of startups are opening shared kitchens in industrial buildings, hoping to persuade restaurants to quit their storefronts, move to the new spaces and switch entirely to delivery. Although these companies are still small, some observers say they could leave their mar…

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  • Transforming Commercial Real Estate through a Global Venture Fund with Andrea Jang, Head of Growth at JLL Spark

    THE REAL ESTATE INNOVATORS

    Andrea Jang is the Head of Growth, Americas at JLL Spark JLL Spark is an independent division of JLL that operates a global venture fund of $100 million to invest in proptech companies transforming commercial real estate. JLL has structured JLL Spark to operate independently and without the typical constraints of most corporate “innovation” or venture arms, providing the nimbleness and speed of a startup backed by JLL’s expertise and resources….

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  • Real estate’s surveillance state

    THE REAL DEAL

    The Edge in Amsterdam is widely considered the smartest building in the world. Since the 15-story office property opened four years ago, its 28,000 sensors have collected roughly 55 terabytes of data on everything from the air’s CO2 levels to workers’ daily coffee orders. If that information were stored as music files, it would play continuously for more than 100 years. And the more info the glass-encased building collects, the smarter it gets….

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  • Global Real Estate Tech Market Snapshot – June 2019

    CREtech

    In June 2019, investments in private real estate tech companies continue to set new records. For the fourth consecutive month, dollar volume in real estate tech surpassed the billion dollar mark. Total dollar volume reached an estimated $1.1 Billion. Month-to-month, total dollar volume decreased by 45 percent. However, year-to-year (June ’18 & June ’19), venture capital investments in real estate tech has increased by 69 percent….

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  • The Global Coworking Boom Is Finally Causing Desk Prices To Drop

    BISNOW

    For the past few years, coworking and flexible workspace have been something of a one-way bet for the companies getting into the business. Supply has risen rapidly but demand has risen faster, and so prices have continued to increase. Not anymore. Demand remains robust, but the huge spike in supply has caused the prices flexible office operators can charge to drop in the world’s largest cities including the major gateway cities of the UK and U.S., according to a report from flexible office sp…

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  • Robot maps a room using just sound and AI

    VENTUREBEAT

    Can sightless robots reconstruct a room well enough to avoid endlessly bumping into walls? That’s what scientists at the University of Technology Sydney set out to discover in a study published on the preprint server Arxiv.org. They claim their approach, which employed a speaker and a microphone-sporting robot tasked with following a path-planning strategy, drove the robot from a random starting position in such a way that the room’s geometry was “guaranteed” to be revealed….

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  • Smart scooter company Gogoro launches GoShare, an end-to-end vehicle sharing platform

    TECHCRUNCH

    Founded in 2011, Gogoro now makes the best-selling electric scooters in Taiwan, where it is headquartered. The startup has always seen itself as an end-to-end platform developer, however, and today it marked a major milestone with the announcement of a new vehicle sharing system. Called GoShare, the program will start operating with a pilot fleet of about 1,000 Gogoro smart scooters next month in Taoyuan City, Taiwan, before becoming available as a turnkey solution for partners….

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