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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  • Amazon’s warehouse-worker tracking system can automatically fire people without a human supervisor’s involvement

    BUSINESS INSIDER

    Amazon’s demanding culture of worker productivity has been revealed in multiple investigations. But a new report indicates that the company doesn’t just track worker productivity at its warehouses – it also has a system that can automatically fire them. Amazon has fired more than 300 workers, citing productivity, at a single facility in Baltimore in a single year (August 2017 through September 2018), The Verge’s Colin Lecher reported. The Verge cited a letter by an Amazon attorney as part of …

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  • Wireless broadband startup Starry files to raise up to $125 million

    TECHCRUNCH

    The never-ending quest to kill Comcast is poised to receive some renewed investment as an ambitious startup readies to secure some new cash. Starry, a Boston-based wireless broadband internet startup, has filed to raise up to $125 million in Series D funding according to a Delaware stock authorization filing uncovered by PitchBook. If Starry closes the full authorized raise it will hold a post-money valuation of $870 million….

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  • Hotel Startup Selina Raises $100M in Series C Round

    COMMERCIAL OBSERVER

    A Panama-based startup that mixes high-end hotel units with multiple bed dormitory rooms, coworking space and local eateries in the same building, Selina, raised $100 million in funding this week, the company announced. Selina, which operates more than 22,000 beds in 46 countries and recently started an expansion in the United States, has already pulled in $225 million in funding and counts WeWork founder Adam Neumann as a previous investor. The Series C round, led by Access Industries with G…

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  • Businesses’ Adoption of AI Is Expected to Surge

    WSJ

    Adoption of artificial intelligence globally is about to experience a big increase in the next two years as the technology begins to prove itself in core business operations, predicts a new report from consulting firm Deloitte LLP. The report says 25% of businesses surveyed have implemented cognitive technologies such as AI or machine learning, either as pilot projects or as long-term strategies, to remain competitive. Within two years, Deloitte says, 72% of businesses will either have implem…

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  • Rockefeller Center Tower to Offer Airbnb Rentals

    WSJ

    NEW YORK—The owner of a high-rise office building in Rockefeller Center is teaming up with home-rental giant Airbnb Inc. to convert 10 floors into the first modern-day lodging in the landmark 87-year-old complex. RXR Realty and Airbnb said they hope to open the facility at 75 Rockefeller Plaza in about a year. The upscale rooms will be on the higher floors of the 32-story tower, allowing guests to gaze on St. Patrick’s Cathedral and offering a bird’s-eye view of Rockefeller Center’s annual …

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  • Meet the building-wellness startup partly backed by Bill Gates and valued at $800M

    THE REAL DEAL

    Can a certification for buildings’ wellness become as widespread as the LEED certification of sustainable design? That is what former Goldman Sachs partner Paul Scialla is betting on as the founder of Delos, a New York City-based startup that is selling a “Well” certification that developers, employers and hotel operators can publicly display in their lobbies and promotional materials, Forbes reports. Features like treadmill desks, easy access to water or the proximity of desks to windows are…

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  • 5 companies are testing 55 self-driving cars in Pittsburgh

    VENTUREBEAT

    In early March, Pittsburgh Mayor William Peduto signed an executive order mandating that firms testing self-driving vehicles submit materials outlining their testing methods every six months to the city’s newly formed Department of Mobility and Infrastructure (DOMI). Findings from the first of these were quietly published this week, compiled in a survey (“Self-Driving Vehicle Testing in Pittsburgh Summary of Findings”) to be issued once a year….

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  • JLL Property Management President Mark Zettl on JLL’s Curae Approach to Experiential Office

    VTS

    Just like retail, the office sector has to evolve in order to get people through the doors of assets. After all, just as people can shop online instead of heading to the local mall, they can also work from home or sign up with a coworking operator rather than head into an office. To combat this, both sectors are creating experiential environments to make their own assets more enticing. In the office sector, commercial real estate services firm JLL has developed JLL Curae Approach as its solut…

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  • Walmart has unveiled a concept store that uses cameras to automatically track stock

    MIT TECHNOLOGY REVIEW

    The experimental store in Levittown, New York, will be used to test how new technologies could be applied to the shopping experience.

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  • Editor’s note: Use it or lose out

    PLACETECH

    I suspect many of us have been there. You’ve downloaded an app and never used it. Taken out a subscription to some life-changing management aid a contact recommended and haven’t logged in since day one. Maybe you’re an architect who hates BIM? All this bodes poorly for the rise of tech in property.

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