Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bisnow
Retrofitting older office assets to make them more sustainable is “economically and environmentally superior to redevelopment” according to an in-depth new report into the financials behind real estate’s drive to be more green.
Orlando Sentinel
Until this summer, there was no reason to know what “batophobia” was. Now, unfortunately, we must. Batophobia is the fear that the building you are in will crumble and you will be trapped in the rubble. With the tragic collapse of Champlain Towers South in Surfside — and the nearly 100 people it killed — we all now have a legitimate reason to worry the floor will fall from beneath us….
CREtech
Crystal Fisher, Managing Director of the Commercial Portfolio at Fisher Brothers, discusses her focus on continuing to enhance properties with building automation, bridging the gap between home and work, and her philosophy on keeping New York City strong.
New York Times
After the Delta variant disrupted plans to reopen after Labor Day, many businesses pushed their targets further out or left them open-ended.
Measurabl
Measurabl, the world’s most widely adopted ESG (environmental, social, governance) technology platform for real estate, has closed $50 million in Series C venture funding. The round was led by Energy Impact Partners, a top investor in scale-stage energy transformation and decarbonization technologies. Also participating in this round are real estate private equity pioneer Starwood Capital and top global real estate services companies Colliers and Cushman & Wakefield, and nationa…
Bakersfield
OfferPad, Inc. (“Offerpad”), a leading tech-enabled platform for buying and selling residential real estate, and Supernova Partners Acquisition Company, Inc. (NYSE: SPNV) (“Supernova”), a publicly traded special purpose acquisition company, today completed their previously announced transaction to take Offerpad public. The newly formed company, named Offerpad Solutions Inc. (“Offerpad Solutions”, the “Company” or the “combined company”), uses technology-enabled solutions, including iBuying, to r…
New York Times
Restaurant Associates is not the company it used to be. It has long operated restaurants, catered events and run corporate dining rooms for clients including Google and the Smithsonian Institution. Now it employs about half of the 10,000 or so people it had on staff before the pandemic.
Wall Street Journal
Shared office space firms like WeWork and Industrious are enjoying a rise in sales this summer as U.S. businesses grappling with the seismic changes in the workspace world sparked by the pandemic seek flexible and short-term solutions.
GlobeSt
Apartment operators’ ability to continue to push rents higher in today’s – or any day’s economic environment lately does not cease to amaze many industry observers. Spikes are continuing, particularly among the urban, professional set of those young and old. Increasing demand and limited supply are reasons, yes, but apartment owners and managers also are pointing to renters’ reduced daily expenses for things such as parking, gas, car payments and automobile insurance and what a difference tha…
The Real Deal
Retail investors flocked to the single-family rental market during the pandemic. Now, even people who can’t afford a down payment are getting an invitation. Roofstock, an online marketplace for single-family rental properties, will start a fractionalization service this year after testing it in 2019, aiming to capture a slice of the surge in retail demand, Roofstock founder and CEO Gary Beasley said. Investors will be able to wager as little as $5,000.
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