Latest Trends and Insights in Real Estate Technology

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  • Big Tech Companies Amass Property Holdings During Covid-19 Pandemic

    Wall Street Journal

    The biggest U.S. companies are sitting on record piles of cash. They are getting paid next to nothing for holding it, and they are running out of ways to spend it. So they are buying a lot of commercial real estate. Google’s announcement last week that it would purchase a Manhattan office building for $2.1 billion is the latest in a string of blockbuster corporate real-estate deals since the start of the pandemic. Amazon.com Inc. last year paid $978 million for the former Lord & Tayl…

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  • Maybe Forcing City Workers Back to the Office Wasn’t the Best Idea

    Curbed

    When Mayor Bill de Blasio announced earlier this month that the city’s 300,000 municipal employees had to return to the office five days a week on September 13, many city workers panicked. Parents scrambled to line up child care. The immunocompromised rushed to put in requests to continue to work remotely. And people across all departments, from entry-level employees to senior management, began updating their résumés. By calling employees back while the Delta variant is still overwhelming the co…

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  • Renewed Focus on Governance Proves ESG Is More Than Just Sustainability

    GlobeSt

    Sustainability initiatives may be all the rage, but an increasing number of scandals among high-profile startups and highly-valued corporate behemoths is underscoring the role governance plays in corporate health and due diligence. As WeWork prepares to go public next month via a SPAC with BowX Acquisition Corporation, “it’s important to note that the first IPO failed miserably,” writes Trepp’s Jyoti Yadav in a new analysis, including “skewed voting power and strong centralized control” that …

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  • CRE Companies Put Old Hotels to New Uses

    GlobeSt

    If you find yourself with a batch of lemons, the wise move is to make lemonade. What if you’ve got hotel properties in a down hospitality market? Luckily, you’ve got some choices. For example, California-based Vivo Living, which turns hotels into multifamily properties, announced at the beginning of September that it opened its tenth “boutique efficiency apartment” complex. They come both furnished and non-furnished. Such hotel standards as free Wi-Fi, lounge areas, pools, and gyms become …

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  • Nexar and Las Vegas tackle traffic with digital twins

    VentureBeat

    Nexar is partnering with Nevada public road transit authorities to create digital twins to reduce traffic and improve safety. In effect, crowdsourced dashcam image data is used to feed digital twins that represent virtual models of road work. The partnership is another sign of consumer dashcam maker Nexar’s pivot to AI-infused digital twin-as-a-service offerings like its CityStream platform for governments and businesses.

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  • Helical, Gaedeke And Europi invest in Pi Labs’ global proptech fund

    Business Leader

    Pioneering European PropTech VC, Pi Labs, announces three new investors who join as limited partners (LPs) into its third institutional fund, Fund III. The new funding will support Pi Labs’ investment strategy of identifying the next generation of proptech start-ups and build on its position as Europe’s leading proptech VC. These latest investments in the Pi Labs fund demonstrate the sustained appetite for exposure to the proptech sector amongst both UK and international investors.

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  • No To Crash Pads, Yes To Studios: UK Co-Living’s Format Reboot

    Bisnow

    The UK co-living sector is about to reboot. The collapse into administration of the UK’s best-known co-living brand, The Collective, delivered a jolt to confidence to the still young build-to-rent niche. Now a Birmingham developer — and a potential new arrival from the U.S. — could provide the turn-it-off-and-turn-it-on-again moment that fixes the glitches. A rethink on room sizes could be the trigger….

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  • Property Industry Urged to Embrace Proptech to Enhance Customer Service

    Proptery Wire

    The property industry has been one of the slowest adopters of new technology, while other industries such as the financial and retail sectors have embraced it to improve process, drive efficiencies and enhance the customer journey….

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  • IoT technology used to assess usage of London green spaces

    Smart Cities World

    It is one of two pilot projects, funded by Innovate UK, that will see sensors installed in access points to parks and recreational grounds as well as at a disused building for safety purposes.

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  • Nomad Homes raises $20M to create a personalized house hunting platform for Europe, Middle East

    TechCrunch

    Not every country has a Multiple Listing Service to aid in buying and selling a home. This often makes the process complicated as buyers weed through fake and duplicate listings and little pricing data, unlike in the United States.

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