Latest in Commercial Real Estate Tech News by CREtech

How the university campus is moving into the digital age

JLL REAL VIEWS

3/4/2019

Those foldable maps handed out at university orientation are getting a welcome upgrade. Universities worldwide are investing in digital maps to help students navigate sprawling campuses, another sign that technology is pushing into all corners of the built environment. From maps in phone apps, to the type of interactive digital signs used in shopping malls, the tools aim to enhance a student’s experience and safety, says Michael Taggart, head of Technology Solutions, JLL Australia.

Sanger to be First Intelligent Building in Texas

GLOBEST

3/4/2019

FORT WORTH—When complete, the Sanger Building will have more than 2,000 lights powered using Ethernet cables and thus will be dubbed the first intelligent building in Texas. In addition, Fort Worth is soon to be home to the first hotel, a Marriott Autograph (formerly the Sinclair Hotel), to use power over Ethernet/POE technology to power all of its lighting. …

2018 Year in Review

BOMA INTERNATIONAL

3/1/2019

Commercial property professionals are guardians of an ever-changing built environment. But even heroes cannot stand alone. BOMA serves as a guardian of the industry, helping property professionals do their important work in the midst of emerging technology and changing tenant demands. From connecting people to advocating on Capitol Hill to creating timely new resources, BOMA is the ultimate hero’s sidekick. For today’s vlog, I would like to share a terrific video we created to highlight all of B…

WeWork Aims for the Middle With Expanded ‘HQ’ Service

NY TIMES

3/1/2019

NEW YORK — WeWork is expanding an effort to retain mid-sized businesses which had been leaving the shared office space manager after they grew past the small-company phase, and to catch up with rivals already catering to these clients. HQ by WeWork, launched in San Francisco and New York in August to provide enhanced services for businesses with 11 to 250 employees, is targeting 11 overseas markets including London and Shanghai and other U.S. hot spots such as Boston and Denver, said executives…

EQ Office’s Lisa Picard on the Effective Workforce

COMMERCIAL PROPERTY EXECUTIVE

3/1/2019

Lisa Picard is the president & CEO of EQ Office, the owner of 80 office properties totaling 40 million square feet. She joined the firm, which is wholly-owned by Blackstone’s real estate funds, in 2016 as its COO and was named to her current role in 2017. Prior to EQ Office, Picard was with Skanska USA Commercial Development, where she worked on the company’s strategic development, investment and execution for the Pacific Northwest. She also founded Muse Development in Seattle, worked sever…

What’s Next in Coworking?

COMMERCIAL PROPERTY EXECUTIVE

3/1/2019

The meteoric rise of tech startups and Corporate America’s looser attachment to the traditional office environment has led to an explosion in coworking and flexible workspaces. What began as a novel idea in San Francisco in 2005 has become a real estate business that is rapidly drawing investors. According to Allwork.Space, the segment grew by 200 percent between 2013 and 2018. In global cities such as London, Chicago and New York, coworking is expanding at an annual rate of 20 percent. Curre…

Build versus buy? Compass acquires CRM firm Contactually

THE REAL DEAL

3/1/2019

As it looks to burnish its tech offerings, Compass said it had acquired Contactually, a cloud-based customer relationship management system popular with some of the brokerage industry’s biggest brands. Terms of the deal, announced Wednesday, were not disclosed. But the Washington, D.C.-based software firm, which launched in 2011, previously raised $12 million from investors including Grotech Ventures, Flight Ventures and Rally Ventures. Contactually generated $7.3 million in 2017 revenue, acc…

After Durst’s rejection at One WTC, WeWork signs big lease in FiDi

THE REAL DEAL

3/1/2019

After losing out on a prime space at One World Trade Center last year, WeWork has finally inked a massive lease deal in the Financial District. The flexible office space giant said Wednesday it would occupy about 200,000 square feet at Jack Resnick & Sons’ 199 Water Street, occupying floors 30 to 35. Within the 35-story, 1.1 million square-foot downtown building, WeWork said its floor plates will span from almost 18,000 square feet to 37,000 square feet. It did not say what kind of occupa…

After the Amenities Arms Race Blows Up

COMMERCIAL OBSERVER

3/1/2019

It’s not an office, it’s an experience. At least that’s what you’re told as you open an app to see what’s on the menu at the avocado-themed restaurant in the lobby. Your new office has everything you could want: game rooms with bowling and virtual golf, gyms full of Peloton bikes and Precor ellipticals, regular yoga and arts classes, and even an organic ice cream bar and cotton candy machine. These wonderful new perks are the result of an ongoing amenities arms race between landlords to attract…

Coworking Sector is Ripe with Opportunity

CREtech

2/28/2019

The Future of Office Space As A Service It was less than 10 years ago when “shared- office space” was a dirty word. If you didn’t have your own lease, you wouldn’t dare risk telling clients as they would question your legitimacy of being a real business. Then came WeWork. Today, coworking has transcended the generational divide and stigma of what it means to be in business. Once thought of as only for nomadic freelancers, coworking has become big business attracting some of the largest re…

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How the university campus is moving into the digital age