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
Companies are racking up hefty bills as they invest in new facilities and products to reduce emissions or meet other targets, hoping for a payoff down the road.
The New York Times
Less than a decade ago, the economic malaise in Rocky Mount, N.C., was tangible. Rocky Mount Mills, a big cotton mill that had given the town its identity, had shut down in 1996, costing the area hundreds of jobs. Downtown was deserted. Nobody was hiring. Now, the mill is a bustling complex with restaurants and breweries. It has a small hotel composed of tiny houses on wheels, a wide lawn where concerts regularly take place and a Wiffle ball field. …
Fast Company
In the Brooklyn neighborhood of Crown Heights, nearly 40% of low-income households don’t have internet access. It’s a challenge across many parts of New York City that became especially apparent during the pandemic, when many children were loaned laptops for distance learning but couldn’t log on to use them. But some affordable apartment buildings in the area will soon begin offering free Wi-Fi—funded through solar power on the roof.
CREtech+
Lee Odess, Founder and CEO of Group 337 lays the groundwork for re-imagining commercial real estate and the way in which people interact with it, and what he’s most excited about from a technology perspective.
Lerner Associates
Yardi Systems, a global leader in real estate software solutions, announced today their acquisition of Forge (We Are Forge), a Bristol, UK based provider of visitor management and access control solutions to the commercial real estate, retail and higher education industries.
CRETECH
Top tech consultants are leading real estate firms to adopt innovative tech solutions that are proven to advance long-term business performance. June 15, 2021 — CREtech (cretech.com), the largest media company devoted to covering the real estate technology sector, announced that its CREtech Consulting Practice has been supporting the world’s top real estate firms to generate significant returns on investment by adopting tech solutions within their portfolio. CREtech’s Global Innovation Consult…
The Wall Street Journal
Sarah Vanunu started a new job three weeks ago at MyHeritage, an online genealogy platform based in Or Yehuda, Israel, and thanks to Israel’s speedy vaccine rollout, she has been eligible for in-person work since she began. But she only goes in on Mondays and Wednesdays and leaves nothing on her assigned desk in between, since different people work there the other days of the week….
Crunchbase News
End-to-end homebuying startup Flyhomes has raised $150 million in a Series C round of funding, the company announced Thursday. Flyhomes helps clients through the entire homebuying process. It offers products including home lending and the option for buyers to make cash offers by helping them get pre-approval for underwriting for a short-term loan.
The Real Deal
Reports surfaced June 1 that construction startup Katerra was shutting down its U.S. operations. Three days later, mass layoffs began. Now, three former employees are pursuing a class-action lawsuit against the construction startup, alleging it failed to provide adequate notice of their termination. The lawsuit, which is seeking to certify a class of some 700 laid off Katerra employees, was filed as an adversary complaint in Katerra’s bankruptcy case….
Fast Company
Citi’s CEO, Michael Corbat, thinks productivity may suffer with long-term remote work. Facebook’s Mark Zuckerberg anticipates as much as half of Facebook’s employees will transition to working remotely over the next five to 10 years. Netflix’s Reed Hastings believes working from home is “a pure negative.”…
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