Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
REAL ESTATE WEEKLY
Jack Resnick & Sons announced that workspace provider Knotel has signed a 19,563 s/f lease at 250 Hudson Street, a 15-story, 400,000 s/f property in the Hudson Square neighborhood. Knotel’s new space encompasses a large portion of the 3rd floor of the building, which is situated within steps of Soho, TriBeCa and the Hudson River Park.
TECHCRUNCH
Months after an Uber self -driving vehicle struck and killed a pedestrian in Tempe, Arizona, the ride-hailing giant has announced it’s adding a new engineering hub in Toronto and expanding its autonomous research team as it refocuses its self-driving car efforts….
WSJ
Some startups are betting that the next generation of wireless technology will force data-center operators to think small.
TECHCRUNCH
Apple keeps adding autonomous vehicles to its test fleet in California, boosting its ranks 27 percent since May, according to records from the California Department of Motor Vehicles.
BREAKERMAG
Chris Dixon, arguably the most prominent venture capitalist focusing on blockchain, is friggin’ tall. Before sitting down with him inside the spa-like Silicon Valley offices of Andreessen Horowitz in August, I had talked to him a handful of times over the years, but always on the phone, so I didn’t exactly know about his height.
CRETech
Industry leaders always think forward. What innovations potentially will change our world forever? One place to find game-changing discoveries is the MIT Technology Review’s 10 Breakthrough Technologies. Since 2001, MIT has spotlighted advances it believes will reshape our lives for years to come. Four tech innovations highlighted in the 2018 edition have implications for the commercial real estate industry. #1- Artificial intelligence Has the shine worn off artificial intelligence’s novelty?…
THE REAL DEAL
UPDATED, Sep. 12, 2:55 p.m.: Convene, the startup backed by Brookfield and the Durst Organization, signed a 116,000-square-foot lease at RXR Realty’s 530 Fifth Avenue, where it plans to operate flexible office space for companies with 10 to 100 employees….
TECHCRUNCH
WeWork, the eight-year-old, 800-pound gorilla in the co-working space, hasn’t been known for being terribly acquisitive, despite the billions of dollars it has raised and its valuation, which one of its biggest investors, SoftBank, apparently believes to be approaching $35 billion. To wit, it made just one small acquisition in 2015 (Case), and one other in 2016 (Welkio)….
CRETech
Adopting a new tech platform is a big deal for commercial real estate companies. The days of adopting tech for adoption’s sake are over. Brands want the new solution to be worth its weight in gold for employees. Real estate brands are more cautious and expect a clear statement of value beyond empty promises of return on investment and cost savings. Other considerations include: How will this add value to client services? Commercial real estate professionals entice clients with amenities. It’s …
GLOBEST
SAN FRANCISCO–JLL Spark Global Venture Fund co-CEO Mihir Shah remembers the moment when he decided he wanted to invest some of the fund’s $100 million capital pool in Dealpath, a company that produces deal management software for real estate transactions. The company was being evaluated to see if it met JLL Spark’s four main criteria for investment and Shah was doing some of the due diligence himself, speaking with Dealpath’s customers.
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