Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Wall Street Journal
The owner of Saks Fifth Avenue is converting parts of department stores into co-working spaces with WeWork, a strategy that marries the popularity of remote work with the struggles of bricks-and-mortar retail.
The Real Deal
The Swiss-based conglomerate and WeWork rival has reached agreements to take up coworking space at 401 Park Avenue South and 14 Penn Plaza, Crain’s reported. The former will be under the Spaces brand and take up 63,000 square feet, while the latter will be under IWG’s Regus brand and occupy 28,000 square feet.
Housingwire
Cyber security, 5G, drones and virtual reality are the technological developments expected to have the biggest impact on real estate in the next two years, according to a National Association of Realtors survey. The survey also found that 36% percent of agents spend $50-$250 per month on technology, while 23% spend more than $500. The figures released Tuesday stem from 3,104 online responses to a June survey of NAR members. About 1.4 million real estate agents – the vast majority of U.S. home sa…
HqO
Annual Awards Program Recognizes Innovation in the Global Real Estate Technology Industry BOSTON – August 11, 2021 – HqO, the end-to-end tenant experience operating system for office buildings, today announced it has been selected as winner of the “PropTech Startup of the Year” award in the inaugural PropTech Breakthrough Awards program conducted by PropTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout real estate technology c…
CREtech+
Marat Safir, Co-founder of TMG, gives advice to technology companies in the industry, and which market forces he is most mindful of when planning his technology roadmap.
TechCrunch
Small and medium-sized construction businesses in Europe and the US tend not to be run on digital platforms, leaving a $1.6 trillion industry relatively untouched. publicly-listed Procore (NYSE: PCOR) is the go-to platform for large general contractors, but newer startups are going for this SMB construction market such as Sitemax, Sitemate, Fieldlens and Fieldwire.
PlaceTech.
The Intergovernmental Panel on Climate Change’s latest assessment report is a “massive wake-up call” and property must lead in delivering urgent change, the UK Green Building Council has said.
Bisnow
Five days a week at the office is dead, but 100% work-from-home isn’t going to replace it. The details of what will replace it are still to be worked out. Bisnow conducted a survey of 1,050 commercial real estate professionals in July, gauging how they feel about the return to the office now that it has begun, to one extent or another. On the central question of the future of work, Bisnow respondents skewed heavily toward the middle of the road, between going back to the way things used to be — …
Wall Street Journal
The location-data broker X-Mode Social Inc., which was kicked off the Apple and Google platforms last year over its national-security work with the U.S. government, is being acquired, the company told The Wall Street Journal.
LinkedIn Pulse
According to Marc Cenedella, CEO of Ladders, a job-search site for roles with annual salaries of at least six figures, companies are starting to leverage their flexible workplace policies to poach talent from other, less flexible companies.
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