Latest in Commercial Real Estate Tech News by CREtech

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Covid-19 Fuels Best-Ever Commercial Real-Estate Sales

Wall Street Journal
1/27/2022

Investors set a record for U.S. commercial-property sales last year, betting that the pandemic is reordering how Americans live, work and play. Real-estate buyers loaded up on warehouses, which serve as fulfillment centers for the e-commerce boom. They bought apartment buildings to capitalize on record high rents. They paid up for resorts and vacation-oriented hotels that benefited from the resurgence in travel to leisure destinations.

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Workers Care More About Flexible Hours Than Remote Work

Wall Street Journal
1/27/2022

Workers, flush with power as employers raise wages and scramble to fill open jobs, say they care even more about flexible schedules than whether or not they go into an office. Ninety-five percent of people surveyed want flexible hours, compared with 78% of workers who want location flexibility, according to a new report from Future Forum, a consortium focused on reimagining the future of work led by Slack Technologies Inc….

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WeWork Acquiring Flexible Workspace Company Common Desk

Bisnow
1/27/2022

After a meteoric rise, a failed initial public offering, years of downsizing, a C-suite shakeup and finally a merger with a blank check company, the biggest name in coworking is back in acquisition mode. WeWork has inked a deal to buy Dallas-based flexible workspace provider Common Desk….

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MILO LAUNCHES BITCOIN MORTGAGE IN THE U.S.

Bitcoin Magazine
1/27/2022

Real estate fintech Milo will launch the first U.S. bitcoin mortgage offering, enabling customers to leverage their BTC holdings to purchase properties in the country, the company said in a statement Tuesday. Instead of selling bitcoin for a down payment to qualify for a mortgage, Milo now lets Americans and foreigners use their bitcoin stack as collateral for purchasing real estate in the U.S….

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‘Calling It Real Estate Doesn’t Make It Real Estate’: What CRE Gets Wrong About The Metaverse Land Rush

Bisnow
1/27/2022

Commercial real estate broker and developer Jay Gaudet’s biggest recent career breakthrough came from watching his daughter play Roblox. When she asked him for money to buy a virtual house on the popular global gaming platform earlier this year, it sent him down a research rabbit hole.

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Furniture retailer joins resi design tool for buyers to customise home

Placetech
1/27/2022

Propster, the digital customer platform that enables buyers and tenants to view and choose fit-out options virtually, has announced a key partnership with specialist furnishing services provider David Phillips.

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Flexible Workspaces of the Future, Part 3

CREtech
1/27/2022

James Shannon, Chief Product & Technology Officer of essensys, discusses how the needs have changed for occupiers of flexible workspace, and what types of portfolio-wide technology landlords should consider in order to stay competitive.

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From The Metaverse To Gen Z, What 2022 Will Mean For The Real Estate Sector

Crunchbase News
1/27/2022

Last year broke real estate tech records with nearly $21 billion in global proptech venture capital investments as technology innovations continued to disrupt conventional real estate asset classes. This is only the start: Proptech represents a fraction of the United States’ multitrillion-dollar real estate industry and the built world is poised for tremendous transformation throughout the decade.

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SiteAware, which leverages AI and drones to track construction site progress, nabs additional funding

VentureBeat
1/27/2022

Construction, particularly commercial construction, is expensive and time-consuming. In the U.S., the average commercial construction cost is around $490 per square foot, and most commercial buildings larger than 10,000 square feet take at least four months to build. As a 2020 survey from Levelset and Fieldwire shows, the process is rarely simple — fewer than 30% of contractors finish large projects on time and within budget. Errors are a significant contributor to overrun, with some sources est…

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PlanRadar | ‘Huge global appetite’ for contech fuels $69m fundraise

Placetech
1/27/2022

Completing one of the largest funding rounds in Austrian history, digital construction management startup PlanRadar has set its sights on the US, Asia and Australia.

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