Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bisnow
WeWork has been systematically culling its portfolio for the better part of a year, exiting and adjusting leases around the world, but the company said that process is now mostly finished.
Placetech
Europe’s most important proptech networking conference, CREtech London, is back on 27-28 October at Magazine London.
Bisnow
Canadian pension fund investor Ivanhoé Cambridge has linked $6.8B (£5B) of its corporate debt to ESG performance, meaning its financing costs will go up if it misses sustainability targets. The company, which owns 1,100 buildings across the world valued at about $48B (£35B), said it had reached a deal with 11 banks that provide its corporate term loans — debt not linked to individual buildings, but to the company as a whole. That means if sustainability performance goes up, it will pay less i…
Wall Street Journal
Ten years after leaving his role as Apple Inc.’s top salesman and eight years after an inglorious tenure as chief executive of J.C. Penney, Ron Johnson wants to remake the retail world again. Mr. Johnson, 63 years old, has been running a company called Enjoy Technology Inc. that aims to address an emerging problem for high-end electronics makers and luxury brands. Many of those companies pay close attention to customer experiences, only to have the final product, if delivered, arrive in a car…
Yahoo Finance
One sector that must be at the forefront of decarbonizing the economy is real estate, given its outsized impact on carbon emissions, one expert said. Roughly $50 trillion is needed through 2050 to wean the U.S. economy off carbon emissions.
The Real Deal
The future of New York’s skyline is … timber? Building with cross-laminated timber, a type of engineered wood consisting of glued-together panels of lumber, will soon be permitted in the five boroughs. The City Council on Thursday approved extensive changes to the building code, which include allowing the special timber on projects up to 85 feet tall, or six to seven stories. While some buildings in the city have already used the material, they required extensive, separate approvals.
Wall Street Journal
As the Covid-19 pandemic moves into a new phase, many companies have started insisting that we come back to the office full-time. In response, people are quitting their jobs in droves. Flexibility is now the fastest-rising job priority in the U.S., according to a poll of more than 5,000 LinkedIn members. More than half of Americans want their next job to be self-employed—some as entrepreneurs, others as freelancers in the gig economy or content curators in the creator economy….
CREtech
Eric Flohr of Berkadia speaks to the critical importance of embracing digital transformation. Start your free 30-day trial to get full access videos like this.
Wall Street Journal
Amazon.com Inc. AMZN -1.29% expects that some corporate employees will work remotely for the foreseeable future, as the tech behemoth once again changed its return-to-office plans. Chief Executive Andy Jassy said in a memo to employees Monday that corporate team directors will now decide if staff need to work from the office….
WELL Certified
The International WELL Building Institute (IWBI) has added a new innovation feature to the WELL Building Standard (WELL) that rewards climate leadership with the goal of accelerating emission reductions in the face of ever-increasing public health impacts of climate change. Released in the Q3 Addendum, the Innovation Feature on Carbon Disclosure and Reduction encourages organizations to assess and disclose their carbon emissions, set science-based reduction targets and move toward carbon neutral…
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REGISTRATION IS OPEN FOR EUROPE 2030: SHAPING THE FUTURE OF THE BUILT WORLD IN LONDON ON JULY 1, 2025