Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Wall Street Journal
Blackstone Group Inc. has agreed to buy a company that buys and rents single-family homes in a $6 billion deal, a sign Wall Street believes the U.S. housing market is going to stay hot.
Coldwell Banker Commercial
New green rush? While the Western states mature from the early green rush, cannabis legalization is surging on the Eastern part of the country as states look for economic recovery in the wake of the pandemic. While local laws vary, medical marijuana is legal in 36 states and recreationally allowed in 17 states. Tracking $26 billion in sales for 2021, the legal cannabis industry is expected to reach $46 billion by 2025 (per Marijuana Business Factbook) driven by new markets. States legalizing can…
Glenn Felson
The avalanche of new PropTech solutions hitting the market is without a doubt a great thing for the real estate industry, but it requires a complete overhaul of how real estate owners and managers think about and run their businesses. In the past, property/asset managers made decisions at the local asset level for most technologies that they purchased to operate their building. While that led to quick and nimble decision making, it created a mishmash of disparate systems in each building that …
The Wall Street Journal
Many of today’s workers have landed the upper hand when it comes to where and when they work. But no one should get too comfortable. As demand roars back across the U.S. economy and workers are flush with pandemic savings, the little guy is suddenly wielding more power. Zillow, for example, has said it is allowing most employees to permanently work remotely, betting such a policy will yield the best talent….
Axios
Two giant infrastructure projects under construction in San Diego and Detroit aim to expedite the flow of people and goods throughout North America by using connected-vehicle technology.
The Real Deal
The latest startup to roll out of Kairos — the firm that offered $5 insurance premiums in place of security deposits — holds out the promise of homeownership for young renters.
PR Newswire
TORONTO, June 22, 2021 /PRNewswire/ – Altrio has partnered with Real Capital Analytics (RCA) to provide seamless integration for their mutual clients. This integration provides real estate investors the capital markets insights they need to optimize investment decisions by embedding RCA’s transaction data in Origin, Altrio’s leading edge deal management platform.
Bisnow
The proptech sector has taken a major leap forward over the past year, with many startups successfully scaling up and providing windfalls for their investors, and the industry it serves has taken notice.
The Real Deal
Total addressable market, or TAM, is a metric investors use to figure out whether a sector is worth their trouble. With a tiny TAM, even a home-run investment in a startup may not generate the return investors crave. Target a big TAM, however, and things get a lot more interesting.
BMO Capital Markets
We believe the nascent PropTech industry presents significant opportunities for emerging companies integrating technology within various facets of real estate, as PropTech will soon be embedded throughout all facets of the industry. REITs that partner with and invest in these platforms stand to benefit. The property industry has notoriously been slow to embrace technology – only 10% of global real estate CEOs are concerned about the impact of technology on their industry, vs. 38% in all …
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