Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
COMMERCIAL OBSERVER
Aakash Ravi and four friends were working on the innovation team at IBM when they came up with the idea for Spaceti (which stands for space technology innovations), a proptech startup that aims to determine utilization and occupancy of space as well as indoor air quality.
BISNOW
Food delivery is a booming business without any sign of slowing down, and some major players are expanding the scope of real estate’s involvement. Uber has been secretly piloting a program in Paris where it leases industrial or empty real estate and fits it out as commercial kitchens for restaurants to lease as satellite operations that focus on delivery, Bloomberg reports. These “ghost ” or “virtual” or “dark” kitchens, which could also house delivery-only businesses, would be serviced by Ub…
MEDIUM
Agility is an organizational strategy most commonly used for rapidly changing business environments. Organizational agility is the ability to thrive in ambiguous environments, being able to adapt, have flexibility and drive balance over the long term. McKinsey & Company surveyed 2,500 business leaders about business agility and found that seventy-five (75%) percent have organizational agility as a top-priority; all needing to work in agile ways (this is a 50% percent increase from what compa…
FORBES
What market is twice as big as the hotel industry and has not yet been disrupted by technology? The small residential industry. If you’ve never heard of it, there’s a reason. People often refer to multifamily as an industry representing all buildings/complexes with anywhere from two units to over 1,000 units. Less familiar to some, but also very large, is the single-family rental industry. However, separating the rental housing sector into these two categories misses the mark. Allow me to intro…
HQO
Monday, March 18, 2019 – HqO, a tenant experience (TeX) platform for commercial real estate, today announced that it will launch in Chicago’s Willis Tower, owned and managed by EQ Office (EQ), a U.S. office portfolio company wholly-owned by Blackstone’s real estate funds. After a comprehensive process evaluating TeX solutions on the market, EQ selected HqO to enhance one of its most iconic assets with software….
CREtech
In a time when an “all-out-sprint” is the business strategy for high-growth companies, some companies are finding solace in partnering with accelerators to strategically build their business. Amongst the Top 10 investors in 2018, accelerators accounted for 61 percent of all investments, capturing the lions share of deals. Accelerators aren’t a new concept in the venture lexicon, but for some accelerators, like REach, investments straddle the “Nano Investment” line, an emerging trend in the g…
BISNOW
Major real estate investors are still conservative when it comes to PropTech, and startups are looking for ways to legitimize themselves to an industry that still doesn’t fully understand them. A growing number of small to midsize PropTech companies are merging to achieve scale and diversify their offerings in order to increase their appeal to investors and potential adopters in the real estate industry, according to a new report from real estate/tech law firm Goodwin. As a result, PropTech c…
THE NEXT WEB
Bought an Amazon Echo last Christmas? You were not the only one. According to a statement released by Amazon, “millions” of Echo Dots — the manufacturer’s smart home devices featuring voice assistant Alexa — were sold during the holidays, making it the best-selling item on their website. Indeed, virtual assistants like Siri and Alexa are increasingly being used in everyday life — and this changes the way consumers browse the web….
ARCHITECT MAGAZINE
Mentally inserting oneself into a floor plan can come as second nature for architects, but the exercise can be a bit abstract for others. In the past, designers have employed physical models and even tape or rope on floors to help clients experience a space, understand scale, and envision adjacencies. Nowadays, virtual reality (VR) and augmented reality (AR) technologies can bridge the gap in spatial understanding sans the hours spent in the modeling lab or ripping up kinked-again tape. But VR a…
THE REAL DEAL
In a scene from “Gattaca,” the dystopian 1997 film set in the “not too distant future,” dozens of people are seen entering the Gattaca Aerospace Corporation headquarters using their genetic fingerprint to pass security clearance. It may seem like a far-flung sci-fi reference, but at Hudson Yards, the gargantuan “smart city” that officially opened Friday on the Far West Side, there are elements of art-meets-life.
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