Office Landlords Race To Renovate Buildings As Workers Start Trickling Back Into Office

As the city that never sleeps begins to awake from a 14-month slumber, new building permits hit a decade low. But while there may not be many cranes along Manhattan’s skyline, commercial landlords in the country’s largest office market are rushing to prepare for the post-pandemic New York by giving their interiors a makeover.

Applications Open for the 8th Annual Real Estate Tech Awards (RETAS)

8th Annual Real Estate Tech Awards (RETAS) Recognizes Best-In-Class Technology Providers From Across the Globe New York, NY (June 7, 2021) — CREtech (cretech.com), the largest international community of professionals devoted to technological innovation in the real estate sector, announced today that they are now accepting applications for the 8th Annual Real Estate Tech Awards (RETAS). The RETAS are the leading international award honoring the most innovative and cutting-edge companies who have …

The Southwest Is America’s New Factory Hub. ‘Cranes Everywhere.’

Coworking Is Back, But This Time It’s Really Boring

A few years ago, I had a pretty good scam going that got me a co-working space for a cut rate. I paid $35 a month for an app that gave me access to various co-working spaces that relied on an honor system for users logging their hours — sometimes I logged my hours accurately, sometimes I did not, and sometimes I “forgot” to log them altogether. In my defense, I was a struggling freelancer living paycheck to paycheck in New York, barely making rent, and it was difficult for me to see it as anythi…

The Hybrid Work Model Is No Longer Theory, It’s Tactic

A hybrid workforce is typically described as having both in-house and remote talent. The assumption is that productivity and communication tools are the foundation of this new world of work, but connecting distributed teams and building collaborative thought requires a much deeper effort and understanding.

Locus raises $50 million for its logistics management business

Locus, a startup that uses AI to help businesses map out their logistics, said on Wednesday it has raised $50 million in a new financing round as it looks to expand its presence. The new round, a Series C, was led by Singapore’s sovereign wealth fund GIC. Qualcomm Ventures and existing investors Tiger Global Management and Falcon Edge also participated in the round, which brings the startup’s to-date raise to $79 million. The new round valued the startup, which was founded in India, at about $30…

Invesco Backs Mynd to Spend $5 Billion on Single-Family Rentals

“As traditional commercial real estate investors that invested in multifamily as their key strategy have moved into single-family rental, we’re seeing the market flooded with institutional capital,” Brien said. He acknowledged that dynamic will make it more competitive for Mynd to find properties, but touted its data-driven technology as better enabling it to make offers across the U.S. …

Adeptmind Announces $6.2M in Series A Funding

 June 3, 2021, TORONTO, ON — Today Adeptmind, a leading AI retail technology company creating advanced digital discovery solutions for retailers and shopping centres, announced a $6.2M USD Series A investment.

The SPAC Boom Has Quieted, And With $200B Still Looking For Merger Targets, Some Are ‘Destined To Fail’

The rapid proliferation of special-purpose acquisition companies that began last year and peaked early this year seems to have tapered off, but billions of dollars worth of investment are still waiting for an acquisition….

Experts: In Less Than a Year Office Will Be Back to Normal

Musings over the “death of office” post-COVID-19 are likely overblown—at least according to a panel of experts convened by Trepp recently to discuss the sector’s path forward. Instead, office employment will likely pick up while office use moderates, achieving a balancing effect, said Glenn Mueller, a professor at the University of Denver. And what’s more, the sector experienced something of a “pendulum swing” over the course of the pandemic: prior to COVID, the industry had just seen inte…