Latest Trends and Insights in Real Estate Technology

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  • 9 ways Walmart is changing how Arizona customers shop

    AZ BIG MEDIA

    It was an important year of innovation in Arizona Walmart stores, as the company made good on its promise to make shopping easier for Arizona customers, saving them time and money through the rollout and expansion of several in-store innovations. The company also supported its more than 34,000 Arizona associates through increased training, new handheld apps, robotics and other technology designed to make their daily tasks easier. Walmart will continue to lead retail innovation in 2019. “Walma…

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  • Digital Brands Are Booming. But Can They Save Malls?

    BLOOMBERG

    This is a moment in retail when virtually everything needs a makeover: Supply chains must be sped up, stores need to be more experiential, and marketing has to become more personalized, all to suit an increasingly digital world. So it only makes sense that the old rules of mall leasing need updating, too. One place where that’s happening is at Tysons Corner Center, a mall in the Washington suburbs that is among the most productive in Macerich Co.’s portfolio.

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  • Opendoor files to raise another $200M at a $3.7B valuation, documents show

    OPENDOOR

    The housing market is predicted to cool this year, but the market for startups selling houses? It seems to be heating up. Opendoor, the company that aims to bypass real estate agents and brokers by providing an online platform — by way of a mobile app — for people to buy and sell properties direct, has filed papers in Delaware indicating that it would like to raise around $200 million more, at a valuation of about $3.7 billion. The Delaware documents (embedded below, and provided to us by Prime…

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  • No Building Left Behind: How to Unlock PropTech at Scale

    ENERTIV

    Some real estate companies are dedicated to a specific asset type. While there is some inherent risk in tying fortunes to a specific market segment, it does make things much simpler from a technology adoption perspective. When all the buildings in a portfolio are similar, companies can deploy and scale a tech stack that neatly fits their requirements and capabilities. In many large portfolios however, assets under management are varied in terms of property type, age, and market tier. This mak…

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  • Elroy Air raises $9.2 million for delivery drones that can carry up to 500 pounds

    VENTUREBEAT

    The dozens of companies vying for a foothold in the $11.2 billion drone industry — and by extension the $400 million same-day delivery market — have all made more noise than Elroy Air, a San Francisco startup cofounded almost three years ago by former Airwave product manager Clint Cope and Sifteo cofounder David Merrill. Elroy operated largely under the radar until December 2017, when it emerged from stealth with a prototype aircraft that could carry hundreds of pounds of cargo over hundreds of …

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  • Why venture capital doesn’t work for everyone

    RECODE

    When we talk about entrepreneurship in Silicon Valley, the words “venture capital” are never far behind. But the reality, Indie.vc founder Bryce Roberts says, is that VC funding isn’t right for most entrepreneurs. “In the same regards that VCs want to fund billion-dollar, monopoly-style businesses, they have themselves a monopoly on the language we use about entrepreneurship, the archetypes they highlight as the ideals for entrepreneurship,” Roberts said on the latest episode of Recode Media wi…

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  • Knotel Brings Flex-Office Concept to L.A. With First Lease

    LA BUSINESS JOURNAL

    Knotel Inc., a New York-based flexible office space provider and rival of WeWork Companies Inc, is making its way to L.A. The company has signed its first L.A. lease in Santa Monica. Knotel signed a lease for 12,338 square feet at 429 Santa Monica Blvd. Terms of the lease were not disclosed. Knotel already has U.S. locations in New York and San Francisco. Cresa’s Ray Howden represented Knotel in the lease. Savills Studley’s Robert Cavaiola and Shay Bolton represented the sublandlord, In…

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  • Technology’s Burgeoning Impact on the Multifamily Sector

    GLOBEST

    The impact of technology in multifamily is often difficult to quantify due to certain industry-specific factors, the most prominent of which is a diverse ownership spectrum. This lack of natural scale in the property management industry contributes to a cautious approach to the adoption of new technologies. That said, the findings of Capital One’s annual RealShare Apartments survey suggest there is a growing appetite for technologies that will revamp the underwriting and approvals process on…

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  • How hotels are upgrading their sustainability efforts

    JLL REAL VIEWS

    Running a more environmentally friendly hotel is becoming part of day-to-day operations for major American hospitality chains, which are exploring new ways to save on costs while giving their properties greater ethical appeal.  At the Home2 Suites by Hilton, scraps of soap leftover in the shower after guests check out are purified and recycled, preventing 600,000 pounds of soap from heading to landfills.   Marriott International is aiming to cut food waste in half and electricity usage by …

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  • Top City Tech Officials from Los Angeles to Participate in Panel Discussion at CREtech Los Angeles on March 27-28

    CREtech

    Largest conference in commercial real estate tech attracts world-class speakers for its upcoming L.A. conference New York, NY (February 15, 2019) — CREtech (cretech.com), the largest event, data and content platform covering the commercial real estate tech industry, announced a new panel session for its upcoming conference in Los Angeles on March 27-28. The session “Los Angeles: A Profile Of A Smart City” will feature three of the city’s top deputies across Technology, Transportation, and Desig…

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