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Latest Trends and Insights in Real Estate Technology

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The EG Interview: Fifth Wall’s Brendan Wallace on being a harbinger of change

Estates Gazette
5/13/2021

Fifth Wall, the proptech VC launched by Brendan Wallace and Brad Greiwe in 2016, has been flooding the internet with headlines over the past few months. Among the stories: investment from Knight Frank, Redevco, Ivanhoé Cambridge and PGIM; and not one, not two, but three blank cheque companies launched, with a $2.2bn (£1.6bn) take-public of smart home technology platform SmartRent just announced through the first of those SPACs.

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WhyHotel Partners with The Meridian Group to Innovate Residential Living at The Boro

PR Newswire
5/13/2021

WASHINGTON, May 11, 2021 /PRNewswire/ — WhyHotel, a hospitality platform and operator, today announced a partnership with The Meridian Group, a best-in-class real estate investment and development firm for over 25 years, to bring a first-of-its-kind hospitality-infused apartment living concept to Tysons, VA. Building on its unique pop-up hotel experience, WhyHotel will partner with The Meridian Group to create a new standard of high-end, service-oriented residential living at Meridian’s Rise an…

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A Realistic Timeline for Office’s Recovery

GlobeSt
5/13/2021

Despite bleak forecasts from some experts, the office sector will return to pre-pandemic levels—it’ll just take time, according to analysts from Cushman & Wakefield. The firm’s baseline scenario presented in a recent report on the asset class, has US office vacancy reaching an inflection point and beginning to improve in the second half of 2022, after which point it will “fall precipitously downward.”

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Blackstone sets office return for some vaccinated staffers

The Real Deal
5/13/2021

Blackstone Group is the latest company looking beyond the Zoom meeting. The firm wants a full return to the office, and is asking vaccinated U.S. employees in its investment divisions to head back on June 7, according to Bloomberg. Blackstone announced the move Monday. …

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Tomorrow’s Sustainable Buildings Need Today’s Staff To Get Schooled

Bisnow
5/13/2021

John Mandyck remembers a career-defining moment when he began working for the Urban Green Council, a New York City-based nonprofit promoting sustainable buildings. The group, which he leads as the CEO, was hosting a class as part of its Green Professions program, which trains engineers and building staff on new technologies and skills. A young man who ran the chiller plant for a building said he had heard about climate change but didn’t quite understand how it worked….

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Opendoor revenue bounces back in Q1

The Real Deal
5/12/2021

The company reported $747 million in revenue in the first quarter of 2021, an increase of 200 percent from the previous quarter, it announced Tuesday. The earnings were a result of Opendoor reselling 2,462 homes, a 190 percent jump from the previous quarter …

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For smart cities to work, they need to be neutral and objective

Silicon Republic
5/12/2021

While part of the discussion around digital transformation centres around remote working and cloud-based tech, the development of smart cities is also a hot topic, with many countries making conscious investments in this area.

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Threat to smart cities a ‘warning klaxon’ for property

PlaceTech.
5/12/2021

Smart cities are an “attractive target” for threats, the GCHQ’s National Cyber Security Centre has warned in a new set of guidance for leaders of data-driven places.

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NOW LIVE: You Can’t Manage What You Can’t Measure, Part 2

CREtech+
5/12/2021

Jit Kee Chin, Chief Data & Innovation Officer at Suffolk Construction, lays out the processes Suffolk Construction put in place in order to overcome the hurdles that inevitably come with implementing new technologies.

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Employees grapple with re-entry anxiety as jobs call them back

AXIOS
5/12/2021

Pandemic-related anxieties are entering a new phase as more employers start to call vaccinated workers back into their offices. Why it matters: Some employees simply don’t want to go back to the office; some are desperate to. Some are struggling to rearrange their routines yet again; some don’t have that flexibility. And everyone — employers and employees alike — is figuring out on the fly how to make it work.

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