Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
BISNOW
Coworking has become the darling of the office industry, with providers eagerly leasing up blocks of space during the industry’s rampant expansion. But there remains a lot of hesitation as to their future from both office landlords and investors, panelists at Bisnow’s Atlanta State of the Market said last week.
WSJ
For years, real-estate technology startups watched from the fringes as big banks and venture-capital firms lavished attention on financial-technology firms. Now “proptech” has joined the party. Startups are raising more cash than ever while landlords are adopting a range of new software and hardware that is changing the way they do business. New capital sources including some of the world’s biggest banks are taking notice. “We feel like we’ve hit that tipping point a couple of months ago…
THE REAL DEAL
In the lead up to We Company’s IPO, some institutional investors were willing to trade their stock in the company at deep discounts to the $47 billion valuation set by Masayoshi Son and announced earlier his year. Son’s Japanese conglomerate SoftBank announced a large investment in the We Company in January that included $1 billion to buy out current investors. But that money was intended to buy investors out at a valuation of $20 billion – not the $47 billion the company was valued at follow…
NEW YORK TIMES
Cameras have stood guard outside New York City schools for years to keep children safe from speeding cars. City officials say they have led to fewer injuries and crashes. Now the city is sharply expanding the use of such cameras to nearly every neighborhood. It’s part of a far-reaching effort to enforce speed limits, including on busy streets with no schools and at times when classes are out — at night, on holidays and during summer vacation….
GLOBEST
NEW YORK CITY—Historically, the tenant-landlord relationship has been fairly transactional: the tenant occupies a space and pays the landlord rent to use it, in a deal that often lasts years or even decades. With more and more companies growing rapidly and offering employees flexible work arrangements, tenants expect more from their landlords. Commercial property owners are now adopting a more tenant-centric mindset to stay competitive.
JLL
Many U.S. companies, facing fierce competition for skilled workers, have been finding that office amenities that were once all the rage — like free snacks, ping pong and beer taps — don’t always cut it. Some employers are using a new strategy for rethinking their offices as a recruitment tool — asking current employees what they want. That’s how a Microsoft office in Boston got a top-to-bottom makeover that included team rooms instead of a full-on open office plan — and freestyle soda machine…
CREtech
The World’s Most Influential Commercial Real Estate Tech Conference Is Coming To Brooklyn Next Week New York, NY (October 11, 2019) — CREtech (cretech.com), the leading event, content and connectivity platform for the commercial real estate technology industry has announced its final list of confirmed speakers for their flagship NYC conference. The 2019 CREtech NYC Conference will be held next week on October 16th and 17th at Dock 72 in Brooklyn and will be the largest commercial real estate t…
BISNOW
The largest mall owner in the U.S. continues to push the boundaries of what malls can contain. On Monday, Simon Property Group announced the forming of a new partnership with esports promotion and arena operator Allied Esports, Esports Insider reports. Together, the two companies will build venues for esports competitions in as-yet-unnamed malls in Simon’s portfolio.
THE REAL DEAL
The lobby of the Coral Gables theater is jammed with dozens of real estate techies. Some of them are the brains behind South Florida-based startup companies searching for capital and clients. The rest are brokers, developers, real estate investment managers and other industry executives looking to get in on the ground floor of the next big real estate software application. More than 400 attendees showed up for the May 14 Future of Real Estate Tech Summit, an all-day conference that featured a co…
CRAINS NEW YORK
Upstart proptech company SquareFoot, which is focused on developing an online listing platform for office space, has hired veteran real estate executive Jeff Rosenblatt to expand its reach into the business of leasing space the traditional way.
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