Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
Using massive 3D printers, a construction startup is building a housing community in southeast Mexico, one that could help prove the technology’s viability to create sturdy housing for people living in poverty. Icon, a 3D printing specialist, has already completed 10 homes at the community outside Nacajuca in Tabasco, with its on-site Vulcan II printer, according to the New York Times.
Crunchbase News
Since February 2021, when the SPAC (special-purpose acquisition company) craze was booming, a market selloff has wiped out about $75 billion of the value of companies that went public using SPACs, according to a Dow Jones Market Data analysis of figures from SPAC research. The analysis examined a group of 137 companies that went public using SPACs by mid-February this year. According to the analysis, these companies have lost 25 percent of their combined value since then. Over the same period, t…
The Real Deal
Office tenants are touring buildings at the highest numbers since the start of the pandemic — an early indicator that companies may be ready to commit to new workspaces and sign leases. But this early activity is still far below where it was pre-Covid.
Bisnow
Differing fortunes for urban logistics and retail property means that for the past few years, it has often made financial sense to buy retail assets close to big cities and convert them to industrial. The same may now be true of offices.
Reuters
Accounting and consulting firm PwC told Reuters on Thursday it will allow all its 40,000 U.S. client services employees to work virtually and live anywhere they want in perpetuity, making it one of the biggest employers to embrace permanent remote work.
GlobeSt
Visions for futuristic cities where life-improving technologies proliferate have been around since the dawn of science fiction. But are we approaching a point where we can realistically expect to see these technologies in action? Depending on the technology in question, the answer is increasingly yes. In a previous article on the subject, Jeremy Kelly, a lead director at JLL said that “In this digital age, governments, urban planners and businesses see an opportunity to use technologies—from art…
CREtech
Don Goldstein of 5Q advises companies to consider cyber security before deciding which platforms and amenities to incorporate into their properties to achieve the highest level of security.
Pulse 2.0
CoStar Group, Inc. (NASDAQ: CSGP) — a leading provider of commercial real estate information, analytics and online marketplaces — announced that it has acquired COMREAL INFO, the owner and operator of BureauxLocaux.com. Based in Paris, BureauxLocaux is known as one of the largest specialized property portals for buying and leasing commercial real estate in France with over 60,000 for sale and lease listings and over 425,000 visits to its website each month.
National Geographic
As diplomats and negotiators from around the world prepare to gather in Glasgow, Scotland, in November for the United Nations Climate Change Conference, governments and industries are getting more serious about reducing carbon emissions and decarbonizing key sectors of the global economy. But even if mitigation measures are deployed immediately—from massive investments in solar and nuclear power to radical geoengineering projects such as injecting sulfur dioxide particles into the upper atmosphe…
Progressive Grocer
Vertically integrated residential and office delivery platform Avo has revealed that it has so far raised $84 million in funding. The company’s most recent investment, a $45 million Series B round led by New York-based global private-equity and venture capital firm Insight Partners, will be used to rapidly expand operations across 10 major markets over the next 12 months. Existing investors Kleiner Perkins and JLL Spark also took part in the Series B round.
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