Applying IoT and Reducing Friction in the Workplace, Part 2
CREtech
IBM’s Michael Domitrovits discusses both the challenges and value his team has encountered deploying IBM’s IoT.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Pew: Americans want bigger houses even if schools, stores are farther away
Axios
Americans have become more likely to want to live in areas where “houses are larger and farther apart, but schools, stores and restaurants are several miles away,” a new Pew Research Center poll finds. The intrigue: Correlation isn’t causation. But the change between 2019 and this year occurred during the COVID pandemic and “the accompanying period of telework, remote schooling and pandemic-related restrictions on indoor dining and other indoor activities,” Pew notes. Why it matters: It’s …
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RealtyMogul Launches Sustainability Program and First Multifamily Solar Value-Add Upgrade On Their Platform
RealtyMogul
Just this week, on behalf of Park Avenue Capital, RealtyMogul announced the launch of the Woods of Ridgmar, a 235-unit multifamily property in Fort Worth, Texas that will undergo numerous environmental and sustainable upgrades – including a solar power system for the property. This investment marks the beginning of RealtyMogul’s sustainability program, which aims to promote an increasing number of sustainability-focused projects in the quarters and years to come. While operators and…
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CRE Has to Move Through the Stages of Data Says Cherre Cofounder
GlobeSt
When it comes to looking at real estate data, LD Salmanson, co-founder of real estate data firm Cherre, points to Gartner’s four stages of analytics maturity: descriptive (what happened), diagnostic (why things happened), predictive (what will happen), and prescriptive (making things happen). The good news is there’s plenty of room for improvement. The implied bad news is that the improvement is direly needed.
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AppRent Set to Modernize Property Management Software
PR Newswire
AppRent is launching a new software for property maintenance management. The platform reimagines the maintenance process at multifamily properties, as well as upgrading the digital portal experience for residents. The product designers envision better relationships between community managers, maintenance teams, and residents. The resident portal ties directly into the maintenance ecosystem, giving residents full transparency and control. AppRent’s mission is to simultaneously tackle and overcome…
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Archer Uses Data Sets to Expand into Underwriting Tools
GlobeSt
Real estate investment firm Archer has expanded its range of tools to help investor clients. The latest announcement is called AIM Automated Underwriting. The data-driven system uses machine learning technology to reduce the time needed for a first underwriting of a multifamily property to less than 15 minutes, according to the company’s claims.
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This proptech exec bet big on Seattle’s plans to add housing density — and won
Biz Journals
A Redmond-based proptech and development company quietly started to snap up nearly $30 million Seattle development sites several years ago and is under construction on its first Z Seattle brand residential project.
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Crypto Tech Can Work in CRE, but a Full Solution Takes Effort
GlobeSt
Over the last few years, there’s been growing interest in applying blockchain technology and tokenization to commercial real estate. In theory, tokenization, combined with fractional ownership structures, would allow companies to sell interests to investors of all sizes, expanding markets and unlocking additional value. Distributed ledger technology could automate the process, making activities efficient enough for significant market adoption….
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New Life and Work Choices Revitalize Exurbs, Bringing New Strains
Wall Street Journal
This bucolic town 30 miles southeast of Nashville, Tenn., was once best known for its nearby Civil War battlefield and state college. Now it is one of the fastest-growing places in the country. Surging housing costs and remote work are sending droves of people to live in new, fast-growing exurbs of metropolitan areas in the Southeast where suburban living has long been concentrated closer to the city.
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Amanda von Almen Heads the Sustainable Built Environment for Salesforce
American Builders Quarterly
In just six years, Amanda von Almen has helped make Salesforce’s real estate team a testing ground for lasting and integrated sustainable efforts.
