WeWork Moves to Become its Own Landlord (Podcast)
BLOOMBERG
Bloomberg’s Ellen Huet says WeWork wants to raise billions of dollars to buy stakes in buildings where it will be a major tenant. Bloomberg Radio’s Denise Pellegrini reports.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Why WeWork Could Be the Star of 2019’s IPO Class
YAHOO
WeWork hasn’t even gone public yet, but the start-up is already one of the most controversial companies out there. Now valued at $47 billion, the 9-year-old office-sharing juggernaut has inspired plenty of skepticism about its valuation, as well as basic questions from investors like what the company actually does, and whether or not it’s a tech company. Though WeWork is growing rapidly (revenue jumped 113% to $728 million), its losses are also expanding. Adjusted EBITDA loss more than dou…
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WeWork signed four leases this week for its “headquarters” offering
THE REAL DEAL
In its quest to gobble up as many leases as possible, WeWork has signed another four locations in Manhattan this week for its “headquarters” offering. The flexible office space giant, which is signing dozens of deals as it gears up for an initial public offering, inked leases with APF Properties on four Manhattan locations totaling 110,000 square feet, the firms said Thursday. The spaces, at 25 West 45th Street, 28 West 44th Street and 183 Madison Avenue, will be filled with Headquarters by W…
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City simulator wins venture capital backing as investors seek driverless car exposure
REUTERS
LONDON (Reuters) – Venture capital investors backed Immense Simulations, a British software company which creates interactive replicas of cities, on Tuesday in the latest sign of money pouring into firms that stand to gain from driverless vehicles becoming more mainstream. Immense Simulations raised $4.6 million in its Series A funding round co-led by British venture capital firm Amadeus Capital Partners and Japan’s Global Brain Corporation.
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ICSC RECon: Can Immersive Technology Save Brick-And-Mortar Retail?
BISNOW
Imagine walking into a store, its shelves empty. But through an app on your phone, you could see several products virtually come to life as if you were looking through the aisles of a traditional retail store. Three-dimensional racks of clothes pop into existence. Wave your phone over another area and a computer-generated box of Tide laundry detergent appears on the floor. Wave it over a different area and other products come into sight.
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Zillow Could Get Scorched by Cooling Market
WSJ
Zillow Group ZG -1.89% says it can profit from a cooling housing market, while skeptics fear a downturn could dent the company’s new business. Which side is right? The answer could be coming soon. Last week, Zillow reported U.S. home values fell from March to April—the first month-over-month decline in housing prices in more than seven years. And while the company cautions against making too much of a single month’s change, annual data suggests the housing market has been cooling for mon…
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Lime’s founding CEO steps down as his co-founder takes control
TECHCRUNCH
In an all-hands meeting this afternoon, the scooter and bike-sharing phenom Lime announced co-founder and chief executive officer Toby Sun would transition out of the C-suite to focus on company culture and R&D. Brad Bao, a Lime co-founder and long-time Tencent executive, will assume chief responsibilities, Lime confirmed to TechCrunch….
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Goodwin PropTech Series – The Rising Presence Of Tech Experience In The C-Suites
REALCROWD
Welcome to the second episode of the Goodwin Proptech Series, where Blake Liggio discusses the rise of tech-experience in the C-suites and boardrooms of real estate firms. Blake Liggio is a partner in Goodwin’s Real Estate Industry group. Mr. Liggio focuses on mergers and acquisitions, including the representation of acquirors, targets, boards of directors, transaction committees and investment banks. He also advises clients on a range of corporate matters, including fiduciary duties, corpora…
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How Companies are Transforming Workplace Management with Geofencing
SINE
Workplace management and staff connectivity have transformed over the past decade. The rise of smartphones and cellular-connected tablets have made the process of tracking, recording and communicating with employees, visitors and contractors effortless. Pair this with geofencing, and you can create the workplace of the future, today. With the capability of geofencing on your side, you can effectively automate all check-in and check-out procedures for your clients and team members, but also…
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Amazon Bets on Kohl’s as Its Own Brick-and-Mortar Efforts Falter
BLOOMBERG
Amazon.com Inc. has launched many brick-and-mortar experiments in the past few years: bookstores, grocery pickup kiosks, cashierless convenience stores. Yet none of these have shown as much promise as the e-commerce giant’s unlikely partnership with Kohl’s Corp., the very definition of an old-school retailer. Two years ago, Kohl’s agreed to let Amazon customers return packages at stores in Chicago and Los Angeles. Last month, the two companies announced the partnership would expand this summe…
