Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GlobeSt
Flex space will play an increasingly important role in the future of the office sector as occupiers demand more agility from physical office space, according to a new analysis from Yardi Matrix—and big changes are expected in how flex space operators earn revenue.
Bisnow
Private equity investors now have a total of $287.8B to invest in commercial real estate, up 11% from a year ago and up a whopping 57% compared with the end of 2019, Bloomberg reports, citing Preqin data.
Bisnow
The New York City office market has seen momentum building for months on all fronts — leasing activity, investment sales and office occupancy — before the omicron variant arrived in December doing its best to ruin the holiday season.
Wall Street Journal
Blank Street has a simple business: It sells coffee—sometimes in carts, usually in small stores. It launched its first location 17 months ago, before it began dotting Manhattan and Brooklyn with baristas.
RENX
The goal of SmartScore, which is from the same company that earlier introduced the WiredScore connectivity rating system for real estate, is to provide clarity, definition and measurement for the growing smart building industry. The certification aims to provide credibility and certainty to an industry rapidly undergoing digital transformation.
FastCompany
When the pandemic forced millions of teams to embrace remote work, tools like Dropbox, Zoom, Slack, and Atlassian’s Jira and Confluence made it possible to transition almost overnight. But the switch was rushed, and now we’re starting to see cracks in the foundation. The next step is replicating the human interactions and connections we’re accustomed to in the physical world in a digital one. The metaverse presents a massive opportunity here.
Gensler
In just a few short weeks, the curtain will close on 2021. This year, unprecedented in its own unique ways, broadened our understanding of what business and society will look like in the future.
Placetech
Capping off the most active year on record for blank cheque companies, a group of fintech and proptech experts have completed the IPO of a SPAC targeting real estate software providers.
Businesswire
Boston Properties, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of Class A office properties in the United States, announced today that Wellington Management has committed to a long-term, 106,000 square foot Net Zero lease at 140 Kendrick Street located in Needham, Massachusetts. The transaction includes a commitment from BXP to reposition the premises as Net Zero, Carbon Neutral, which is further defined by the LEED Zero Carbon Certification. Wellington Management…
Commercial Observer
Altus bought early data cruncher Reonomy for more than $200 million in November. Its focus could now stretch well beyond core US markets.
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