Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GLOBEST
LAS VEGAS–How is Big Data changing the face of retail? Just ask senior InvenTrust Properties executives Tom McGuinness and Ivy Greaner. That’s exactly what we did at the recent RECon 2019 Conference here, and learned that perceptions of the market as tech averse are simply wrong.
BISNOW
Companies relying solely on quoted lease rates when choosing between coworking spaces and traditional offices could find themselves unintentionally choosing lease options that are more expensive in the long run. Preconceived notions about coworking prices versus traditional office rates stump many tenants at the bargaining table, particularly when they fail to look past the original quoted prices, WorkSuites CEO Flip Howard suggests.
CREtech
In May 2019, venture capital investments in real estate tech companies soared with over $1 billion invested in the industry across 30 companies. The historic round was the third consecutive billion dollar month, leading to a surge in early stage and late stage venture activity. Median funding amounts continue to climb, especially for companies in the Americas. Month-to-month, median funding amounts continued their climb with 99 percent growth. Year-to-year, venture activity in real estate tec…
GEEK ESTATE
In our latest real estate tech entrepreneur interview, we’re speaking with Atticus LeBlanc from Padsplit.
SCHNEIDER ELECTRIC
OK, so I didn’t attend MIT, but I had the good fortune to learn about innovation in buildings from MIT’s top professors at the MIT World Real Estate Forum. The two-day real estate conference was filled with the brightest minds from academia and the technology world in a gathering focused on the power of technology to transform the built environment. I must admit, I was expecting to hear only about bits and bytes, but the conference was so much more….
RETAIL ENVIRONMENTS
Global retail technology spending will near $203.6 billion in 2019, according to new research conducted by Tech., an Oct 2–3 event in London focused on prospering in the new retail age. The surge—an anticipated 3.6% leap from 2018—comes as owners of physical stores strive to add an advanced digital dimension to offline shopping, among other priorities. The need to engage customers in new ways, while managing stock, operations, and promotions more effectively and cost-efficiently, are also drivin…
GLOBEST
A new technology company is promising to ease the renewal of licenses and certifications. Certa is a software company that automates the compliance for licenses and certifications with strict regulations. As a result, the program can prevent fines and suspensions as a result of compliance issues. While the company can be used by all professional organization, the certification and licensing requirements in real estate make the industry a prime target.
TECHCRUNCH
Apple unveiled a range of India-specific features in iOS 13 at WWDC this week as it begins to adapt its software for the world’s second largest internet market. But if you want to see how far an international service can be customized for the Indian market, look to Google Maps. The app, which is used by hundreds of millions of people in India, today introduced three new capabilities: the ability to check live status of trains, bus travel times in 10 of India’s largest cities, and mixed-mode com…
THE REAL DEAL
Speaking at The Real Deal‘s 12th annual New York Showcase, MetaProp co-founder Zach Aarons said many prop-tech startups make it to the Series B funding stage because they’ve demonstrated they can raise gobs of money in short windows. But investors have a philosophical struggle: offer them more money and hope they can become the next Facebook, or accept the niche status and essentially pour “gasoline on a fire that’s just puttering,” he said. “And, by the way, could putter on forever and be a gre…
JLL REAL VIEWS
Telecom companies are racing to roll out 5G networks across the world, kickstarting a new generation of internet connectivity that will supercharge businesses from retail to automobiles. While 5G is expected to be rolled out gradually over the next few years, there’s already one place to look for an example of things to come: South Korea. Seoul became the first city in the world to offer 5G in April, when it was launched by SK Telecom, KT (Korean Telecom) and LG Uplus. With claimed speeds …
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