Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
BISNOW
Autonomous vehicles are poised to dramatically change cities’ roads, from congestion to safety to commuting patterns, but developers think the innovation will also have a profound impact on the types of buildings that can be constructed.
COMMERCIAL OBSERVER
Los Angeles remains a hotbed of coworking operators with four major players on the verge of signing leases for space in Downtown Los Angeles by the end of the year, according to a source familiar with the transactions. The largest of the pending deals is a 150,000-square-foot deal with WeWork at The Western Pacific building at 1031 South Broadway in the marketed SoBro district of the city.
BISNOW
For Stephane De Baets, placing a percentage of the St. Regis Aspen luxury resort on the blockchain is an experimental gamble into the future. “We wanted to be one of the first to go through the motions because you learn so much,” De Baets said. “We see [blockchain] as an opportunity if you do it right.” It is always risky to walk out on the bleeding edge of a new trend — and blockchain-fueled investments are one of the hottest trends to hit the commercial real estate market in a long time.
FIRST AMERICAN TITLE NATIONAL COMMERCIAL SERVICES
Discover how emerging technologies and subsequent disruption will impact CRE in our digital world. With change occurring in society and business at an ever-accelerating pace, how can the physical world of real estate adapt to an ever-shifting virtual world of bits and bytes? …
NESTIO
– Following the launch of its new platform, the company expands its leadership team with the appointment of Tyler Christiansen as CRO – Nestio, the real estate technology company that unlocks a modern leasing experience for multifamily owners and operators and their renters, announcedtoday that Tyler Christiansen has joined the company as Chief Revenue Officer. Tyler comes to Nestio from property management software provider Entrata, where he was the Senior Vice President of Sales. Tyler will …
FIFTH WALL
Investment led by Fifth Wall Ventures, Lerer Hippeau, M3 & others to expand locations nationwide New York, NY – (November 13, 2018) – Heyday, the top-rated facial shop disrupting the skincare industry and redefining self-care with its six locations across New York and Los Angeles,successfully closes its Series A funding by raising $8 million in capital. Spearheaded by Fifth Wall Ventures (ClassPass, Lime, Cotopaxi), Series A funding for the self-care brand includes participation from exi…
MIT CENTER FOR REAL ESTATE
Tekuma | Frenchman Urban Design, LLC wins first place for their future marine city design in Shenzhen China. SHENZHEN, Guangdong Province, China (November 5, 2018)– Tekuma | Frenchman Urban Design LLC, founded by MIT Center for Real Estate Director Dennis Frenchman (MArch ’76) and alumni Kun Qian (MSRED/MArch ‘16) and Marwan Aboudib (MSRED/MArch ‘16) has won the Shenzhen New Marine City International Competition in China. The final selection, held in Shenzhen, was made by an international Jury…
THE REAL DEAL
WeWork has inked another pair of leases in Manhattan totaling 106,320 square feet. The company has signed leases at Winter Properties’ 57 East 11th Street and Epic’s 148 Lafayette Street, according to the Commercial Observer….
JLL REAL VIEWS
While the majority of their real estate portfolio is still made up of longer-term fixed leases, growing numbers of companies are experimenting with flexible office space to get the most from their employees and best position themselves in a fast-paced, rapidly-evolving business world.
BISNOW
The prospects for investment and development in London next year are only slightly better than those for Moscow, where the government is subject to sanctions, and Istanbul, where two years ago there was an attempted military coup.
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