Latest in Commercial Real Estate Tech News by CREtech

Industrious Partners with Seritage Growth Properties to Open Five Locations

SERITAGE GROWTH PROPERTIES

5/23/2019

NEW YORK, May 21, 2019 /PRNewswire/ — Seritage Growth Properties, a national retail and mixed-use developer, today announced a partnership with flexible workspace provider Industrious to bring premium workspaces to five locations in the Seritage portfolio, with the first location to open in La Jolla, San Diego, CA. “Industrious is a wonderful complement to the integrated mixed-use environments we are curating throughout our portfolio,” said Benjamin Schall, President and Chief Executiv…

What will life look like in 2030?

TEL AVIV UNIVERSITY

5/23/2019

Only twenty years ago, connecting to the internet meant sitting next to a desk and sorting through various cables, when downloading a photo could take ten minutes or more. Today, it seems like everything happens online – it’s where we find our friends and where elections and revolutions are won and lost. But as we spend more and more of our lives in cyberspace, the question is: what’s next? The rate of change and growth is so rapid, even ten years can make a huge difference. Humanity’s bigges…

City’s tech accelerators are turbo-charging local startups

CRAINS NEW YORK

5/23/2019

If you’re trying to stand out in a room full of investors, a little flash doesn’t hurt. That much was clear from the group of 13 startups vying for attention from venture capitalists at the recent Entrepreneurs Roundtable Accelerator demo day. The event—part Shark Tank, part commencement ceremony—wrapped up a four-month mentorship program for firms working with ERA, the oldest and best-known of the city’s growing list of tech accelerators….

WeWork’s Junk Bonds Lose Their IPO Pop

BLOOMBERG

5/23/2019

WeWork Cos. doesn’t seem to quite be working for junk-bond investors. For a moment earlier this month, it looked as if its high-yield debt issued 13 months ago was going to climb back to 100 cents on the dollar, riding a wave of momentum from the company’s April 29 announcement that it filed paperwork confidentially with the U.S. Securities and Exchange Commission to hold an initial public offering. The world’s biggest co-working company, in other words, was poised to have the second-largest …

Peter Thiel-Backed Crypto Startup Pays Out 6,567% Return

BLOOMBERG

5/23/2019

Billionaire moneymen Peter Thiel, Alan Howard and Louis Bacon have seen plenty of big paydays—but probably none as unusual as this one. A buyback by Block.one, a cryptocurrency startup, will return as much as 6,567% to its earliest investors—in less than three years. That translates into $6.6 million for a $100,000 stake, a stunning result any time but especially in a market that crashed in 2018. “Block.one is very much the odd one out in the crypto market,” said Tom Shaughnessy, co-founde…

In Proptech, Infrastructure is Key

GLOBEST

5/23/2019

TORONTO–Building technologies, so-called proptech, are advancing exponentially. Indeed, it can be a struggle to keep pace with the new and varying innovations rolling out almost every day. In the midst of this struggle, the Chicago-based Institute of Real Estate Management (IREM) is making major strides in the education and timeliness of members’ understanding of these changes. Included in these initiatives are the appointment of a Technology Innovator-in-Residence, and an Advisory Committee …

E-Scooter Company To Build Docking Stations As Building Amenities

BISNOW

5/23/2019

Electric scooters have taken D.C. and other cities by storm over the last year, and now one company is looking to position them as an amenity for commercial property owners. D.C. is one of two cities where scooter company Spin and charging station startup Swiftmile plan to roll out a 60-day pilot to install electric scooter docking stations outside of buildings, the Washington Post reports.

Convene Partners with Hydra Studios at RXR Tower

CONNECT MEDIA

5/22/2019

Convene has announced a strategic partnership with Hydra Studios, a network of wellness spaces. Hydra Studios’ first location with Convene will open at RXR Realty’s 530 Fifth Ave. next month. “A 9-5 job is no longer the norm, so it’s become increasingly difficult for today’s workforce to carve out time to make physical and mental health a priority,” said Convene CEO Ryan Simonetti. “Convene is committed to providing wellness offerings to our members so they can regain that self-care time duri…

Self-driving truck startup TuSimple will haul mail for USPS in two-week pilot

TECHCRUNCH

5/22/2019

TuSimple, the self-driving truck startup that reached unicorn status earlier this year with a $1 billion valuation, is getting two weeks to prove its tech to the United States Postal Service. The company announced Tuesday that it was awarded a contract to complete five round trips, for a two-week pilot, hauling USPS trailers more than 1,000 miles between the postal service’s Phoenix and Dallas distribution centers. A safety engineer and driver will be on board throughout the pilot….

Beyond The Bio: 16 Questions With Stay Alfred Co-Founder/CEO Jordan Allen

BISNOW

5/22/2019

This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles. Jordan Allen was an airborne ranger and captain in the United States Army. He served in war zones in Iraq and Afghanistan for eight years. But what really scared him was hiring the first full-time employee at Stay Alfred, the flexible accommodations firm he co-founded and now leads as CEO.

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