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Jeff Kok, CIO of Mill Creek Residential reveals the implications of advanced technology in the multifamily industry for both investors and tenants.

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CREtech+
Jeff Kok, CIO of Mill Creek Residential reveals the implications of advanced technology in the multifamily industry for both investors and tenants.
PlaceTech.
Sidewalk Labs, Alphabet’s innovation business, has created a low-cost, real-time sensor to manage and understand how parking spaces are used in an effort to kickstart better placemaking.
Bloomberg
Masked, desk-bound and unable to recognize their colleagues in an elevator, people are starting to return to offices in cities around the world where the pandemic is receding. Many will find their offices transformed, too.
Property Week
This isn’t because the sector is inherently technophobic, but rather because innovation has not been part of the culture, nor has there been any pressure to innovate until recently, and in the end technology for technology’s sake doesn’t necessarily appeal to professionals whose experience is rooted in the tangible bricks and mortar of real estate.
PlaceTech.
WeWork reported a $2.1bn loss in the first quarter of 2021 after a year of falling memberships and a continued attempt to turn the business around. Should WeWork’s woes spook its competitors, or is the flexible office market on course for a recovery?
CREtech+
Paige Pitcher, Director of Innovation at Hines, details the strategies and mindset that keeps Hines on the cutting edge of technology and innovation.
Wall Street Journal
It took months for bosses and employees to adjust to working remotely in the pandemic. The next era of work might be even more messy. Companies are laying down new rules and setting expectations for hybrid work as some workers come back in and others remain out of office. At JPMorgan Chase & Co., employees on some teams can schedule work-from-home days, but not on Mondays or Fridays….
Business Insider
GlobeSt
Landlords and occupiers aren’t exactly on the same page when it comes to future space usage. While 71% percent of commercial occupiers say the shift to remote work has fundamentally changed their long-term approach to space usage, 69% of landlords see no lasting impact from COVID-19, according to a survey of 200 tenants and 50 landlords from MRI Software and CoreNet Global.
The Real Deal
The startup has raised $150 million in a series D funding round, bringing the value of the company to more than $1.5 billion, Inman reported. The latest round was led by Tiger Global with participation from Sequoia, Y Combinator, F-Prime, Maverick, Alkeon, and Wellington Management.
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