Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

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Forget Light Rail: This CRE Expert Says Cities Should Push Driverless Cars Instead

BISNOW
10/16/2018

Avison Young Managing Director Rand Stephens is a believer in autonomous vehicle technology. He pushes for municipalities to embrace the innovations made in transportation rather than continuing to invest in traditional mass transit infrastructure. “It is increasingly apparent that these transit systems will become obsolete as autonomous vehicle options develop into viable alternatives,” Stephens said in a company blog released Tuesday.

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Co-living concept might be finally taking off

THE REAL DEAL
10/16/2018

Co-living may have reached its maturity phase. The concept is less than 10 years old, but developers are now getting ready to build some of the continent’s biggest new co-living properties, indicating its growing popularity, according to the Wall Street Journal.

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The Agile Workspace: The ‘true definition of mobility’

BLUEPRINT-CBRE
10/16/2018

Today’s real estate customers are accustomed to having a choice, from where they work to how they work. This seismic shift in the professional day-to-day has translated into the emergence of the flexible and agile workspace. Spaces, a leading provider of flexible office solutions with locations in 42 countries and 20 U.S. cities, is part of a new breed of creative workspaces that are attracting an assortment of tenants, from emerging start-ups to global financial firms.

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Regus Sues WeWork For Trademark Infringement, Poaching Tenants

BISNOW
10/16/2018

HQ has long been used as casual shorthand for headquarters, but the term is at the heart of a trademark infringement lawsuit between the world’s two biggest providers of flexible office space. IWG, through two Texas-based subsidiaries, has filed a lawsuit against WeWork in Dallas federal court, claiming WeWork’s new business line, HQ by WeWork, infringes on a 28-year-old trademark registered to HQ Network Systems, which Regus acquired in 2004.

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WeWork Leases Entire Office Area of SL Green’s 609 Fifth Ave.

GLOBEST
10/16/2018

NEW YORK CITY—WeWork has signed a deal with SL Green to lease the entire office portion of the building at 609 Fifth Ave., between E. 48th and E. 49th streets. The co-working, flexible office space providers will occupy 135,000 square feet, totaling eleven floors spanning the third through the 13th, in the Midtown building. They plan to open the location in the first half of 2019.

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The Investors – Part 2

CRETech
10/16/2018

Here is the second part of my new Vlog on investors, with Jeffrey Berman, General Partner, Camber Creek; David Goldberg, General Partner, Corigin Ventures; Ed Walters, General Partner, Tamarisc Ventures; and Andrew Ackerman, Managing Director, DreamIt Ventures to discuss top trends and investment strategies in CREtech. I hope you enjoy it!

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The Investors Vlog – Part 1

CRETech
10/16/2018

For my new Vlog on investors, I sat down with Jeffrey Berman, General Partner, Camber Creek; David Goldberg, General Partner, Corigin Ventures; Ed Walters, General Partner, Tamarisc Ventures; and Andrew Ackerman, Managing Director, DreamIt Ventures to discuss top trends and investment strategies in CREtech. I hope you enjoy it!

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SoftBank Gives Startups Billions of Reasons to Hold Off IPOs

WSJ
10/16/2018

WeWork Cos. co-founder Miguel McKelvey a few years year ago brushed off the idea of an initial public offering, telling a small gathering in Napa Valley that the shared office-space company is “thinking about how to prolong that eventuality to a distant point in the future.” Enter SoftBank Group Corp. , which is increasingly poised to help WeWork and numerous other multibillion-dollar startups in Silicon Valley stave off IPOs….

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M.I.T. Plans College for Artificial Intelligence, Backed by $1 Billion

NY TIMES
10/16/2018

Every major university is wrestling with how to adapt to the technology wave of artificial intelligence — how to prepare students not only to harness the powerful tools of A.I., but also to thoughtfully weigh its ethical and social implications. A.I. courses, conferences and joint majors have proliferated in the last few years. But the Massachusetts Institute of Technology is taking a particularly ambitious step, creating a new college backed by a planned investment of $1 billion….

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Amazon’s HQ2 announcement is imminent. Here’s a look at the final contenders.

RECODE
10/16/2018

After more than a year of fanfare, competition and city government prostrations, Amazon’s announcement of its second headquarters location is imminent. Back in September 2017 the e-commerce company first asked for proposals from North American cities on where to house its HQ2, which would come with 50,000 jobs and $5 billion in capital spending for the winning city….

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