Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bisnow
As more and more workers return to the workplace, the U.S. coworking and flexible office industry stabilized this fall, with rents on the rise and more locations opening than closing for the first time since the coronavirus pandemic began, according to a new report.
Bisnow
A development team is building a 52-unit multifamily project out of 130 used shipping containers in West Palm Beach, Florida. When complete, it will be the largest shipping container housing project in the country, according to Shelterforce.
Density
In 2014, there was a question that inspired us to start Density — Would it be useful to know how a city is used? We believe the answer is, yes. If New York City all of a sudden knew how it was used, it would identify its inefficiencies and redesign itself. An entire city reliably knowing how it was used would unlock a world of new possibilities. Whatever is true for New York would be true for San Francisco and Denver and Boston. It would be true for Toronto and Paris. For Berlin and Tokyo….
Urban Land Institute
As the 26th United Nations Climate Change Conference of the Parties (COP26) continues this week, real estate industry leaders are paying more attention than ever to sustainability and climate change. Rising temperatures, rising oceans, and increasingly severe weather are putting the built environment at risk. “This is a multitrillion-dollar problem to solve,” says Billy Grayson, executive vice president of the ULI Center for Sustainability and Economic Performance. “The better we get at forec…
Washington Governor
Gov. Jay Inslee is in Glasgow, Scotland to participate in the 26th annual Conference of Parties, a U.N. climate summit that brings leaders together from across the globe to commit and take action to significantly reduce greenhouse gas emissions to curb the worsening impacts of climate change. Today, the governor joined other leaders from the Pacific Coast Collaborative for the launch of the Low Carbon Construction Task Force. “Washington and the PCC region are leaders in demonstrating how …
Axios
Abandoned office buildings all over the U.S. are being converted into apartments, Erica Pandey writes. By the numbers: In 2020 and 2021, a whopping 13,250 apartments across the country have come from repurposed offices, per a new report from RentCafe….
Motional
Motional, a global leader in driverless technology, and Lyft, Inc.(Nasdaq: LYFT) today announced the planned launch of a fully driverless public ride-hail service in Las Vegas, the first city in a multimarket deployment. Motional’s next-generation robotaxis, the all-electric Hyundai IONIQ 5-based robotaxi, will be available on the Lyft app in Las Vegas, starting in 2023. The deployment is part of a landmark partnership between Motional and Lyft announced last year….
Verge Sense
Today, we are thrilled to announce that VergeSense has secured $60 million in Series C Funding led by Scale Venture Partners. In our commitment to provide data-driven insights to enterprises eager to raise the power of their square foot, this investment will help the company accelerate platform innovation and growth. We attribute this rapid growth to our innovative customers, who are leading the way to provide their employees with impactful workplaces that cultivate collaboration, innovation and…
Globe Newswire
Altus Group Limited (TSX: AIF) (the “Company” or “Altus”), a leading provider of software, data solutions and independent advisory services to the global commercial real estate (“CRE”) industry, announced today that it has signed a definitive agreement to acquire Scryer, Inc. (dba Reonomy) (“Reonomy”), a fast growing, AI-powered data platform for the CRE industry, for US$201.5 million (approximately C$249.5 million), (on a cash-free/debt-free basis) subject to adjustments. The transaction is exp…
Proptech Future
Most of the articles that I have published so far have been focused on Office, Multi-Family, and Single Family Residential Real Estate. However, the real estate sector which is currently experiencing the biggest growth is Industrial. Prior to my research for this article, I honestly didn’t fully appreciate the critical role that technology plays in the future of Industrial Real Estate.
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