Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Euronews
The global pandemic has turned our professional and personal lives upside down and got us thinking about our health in more ways than one. For London-based urban designer and architect, Hala El Akl, it has exposed the link between where we live and work, and our personal wellbeing.
Yahoo! Entertainment
NEW YORK, June 28, 2021–(BUSINESS WIRE)–Bowery Valuation, the leading technology-enabled commercial real estate appraisal firm, today announced $35 million in Series B funding led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) with participation from Capital One Ventures and existing investors including Builders VC, Fika Ventures, Navitas Capital, Camber Creek, Nine Four Ventures, Greenspring Associates, and Alpaca VC. This investment brings Bowery’s total …
BuildingEngines
Building Engines, the leading building operations platform for modern commercial real estate (CRE), and HqO, the premier end-to-end tenant experience provider for office buildings, today announced their partnership to deliver a new unified, best-of-breed building operations and tenant experience solution for the CRE industry. The integration of Building Engines’ platform with the HqOS Tenant Experience Platform brings together the two critical aspects of a successful property’s foundation—excell…
Wolf Street
Aegon Asset Management has closed its UK Property Income and Property Income feeder funds, after struggling to raise sufficient cash to meet redemption requests, it said on Wednesday. The Aegon Property Income fund had £380 million ($531 million) in assets under management and the feeder fund £150 million, according to Morningstar. The announcement follows a move last month by Aviva to wind up its property fund and two feeder funds due to the prevailing economic uncertainty and liquidity concern…
Multi-Housing News
Fundrise has made another acquisition in Florida following its Sunbelt-focused multifamily investment strategy. The company acquired Lake Shadow Apartments in Maitland, Fla., from Bainbridge Cos. for $83.1 million.
CNBC
Google’s path to its massive tech campus planning in San Jose began with activists chaining themselves to chairs inside City Hall over the city’s decision to sell public land to the tech giant. It ended with some of its biggest opponents signing its praises.
Ris Media
The latest buzz in the world of technology is something called “non-fungible tokens” or NFTs. Even though the current trend has NFTs operating within the parameters of selling digital artwork, it won’t be long before the technology enters the real estate industry and alters the way we carry out parts of a real estate transaction. There has already been an initial foray into real estate with a San Francisco landlord putting a 75-year lease up for auction on an NFT site, but this is just the begin…
The Wall Street Journal
White collar workers are trading their expensive lives in the nation’s most densely populated areas for cheaper, greener pastures. Online real estate company Zillow Group calls it the “Great Reshuffling.”
Forbes
It’s an increasingly familiar problem for the commercial property sector in the digital age; how to keep ageing stock viable and relevant for everyone in the property chain, including owners, occupiers and office workers.
Forbes
Last month, the International Energy Agency (IEA) released one of the most consequential reports in its history. The influential organization developed a comprehensive pathway to net-zero carbon dioxide (CO2) emissions by 2050. This net-zero target is considered essential for limiting warming to 1.5 degrees Celsius above pre-industrial levels, the scientifically supported climate goal. However, the world emitted over 30 billion tons of CO2 last year, so getting to net-zero demands fundamental ec…
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