Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GLOBEST
Co-working office models are changing office financing, and not necessarily by choice. The popularity of co-working and flexible office leasing has forced lenders to develop new underwriting standards for these businesses. In some instances, co-working platforms, and the often household name clientele they attract, has a better credit than many smaller direct-lessees, and that can create a halo effect for office properties with co-working tenants.
THE NEWS FUNNEL
Spearheading the evolving technologies and growing demands of today’s retail revolution in both the physical and digital space is Intel — a leading innovator in powering the smart and connected digital world we live in. In an interview with Retail Gets Real, Stacey Schulman, chief innovation officer for Intel’s retail solutions division said, “We’re trying to inspire the retail industry to continue leveraging data and information.” Schulman also discussed topics like artificial intelligence, aut…
REAL ESTATE WEEKLY
The Collective, a London-based co-living developer, has announced its plan to build a major co-living community on the border between Williamsburg and Bushwick. The $450 million, 350,000 s/f purpose-built development at 555 Broadway will be the first of its kind for New York City and serve as The Collective’s flagship location in the United States.
CRUNCHBASE
Austin-based construction tech startup ICON has raised $9 million in a seed round of funding. The company aims to reinvent building affordable homes with the use of “3D-printers, robotics, and advanced materials,” according to its website. CEO Jason Ballard noted the company is motivated by the global housing crisis and a lack of solutions.
BISNOW
How do machines think? How do you talk to them? What kind of answers should you expect back? Don’t worry if you don’t know the answer. Worry if you haven’t thought about the question. Over the next decade or so, technology will be able to do huge swathes of what brokers, advisors, investors, developers and asset managers can do today: write reports or contracts, analyse leases, undertake valuations, enable viewings, even trade assets. So what’s left?
WSJ
Uber Technologies Inc., in its ongoing quest to move beyond its unprofitable business of connecting drivers with passengers, is adding a new tractor-trailer rental business to help big-rig truckers haul freight around the country.
THE REAL DEAL
After raising $400 million last month in its latest funding round, Compass appears heading toward an IPO within 24 months. And now, it’s offering agents stock options. For every dollar the agent invests, for example, Compass said it will add a 30-cent bonus.
REAL CROWD
Michael Beckerman, Founder of The News Funnel and CEO of CREtech, joined us on the podcast to discuss how technology is impacting real estate.
CREtech
Isaacson, senior vice president with First American Title National Commercial Services, joins the most distinguished panel of commercial real estate tech investors and thought leaders to judge the 2018 Real Estate Tech Awards (#RETAS) as well as CREtech’s Leadership Board NEW YORK – (October 18, 2018) – CREtech, the leading event, content and connectivity platform for the commercial real estate tech sector, announced today that Linda Isaacson has been appointed to the 2018 Real Estate Tech Awar…
VENTURE BEAT
Icon has raised $9 million in seed funding to build custom 3D-printed homes in less than 24 hours. In partnership with nonprofit New Story, the company wants to fight homelessness in the developing world.
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