Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Wall Street Journal
Lumber, one of the biggest costs in home-building after land and labor, has never been more expensive and is more than twice the typical price for this time of year. Crude oil, a starting point for paint, drain pipe, roof shingles and flooring, has shot up more than 80% since October. Copper, which carries water and electricity throughout houses, costs about a third more than it did in the autumn. …
Security Industry
Security Industry Association (SIA) member Openpath is a leader in touchless, modern access control and workplace safety automation. The company is headquartered in Culver City, California, with an additional office in Fishers, Indiana.
CNBC
The department store chain Nordstrom said Wednesday it will debut its “Livestream Shopping” channel, as part of its broader ambitions to delve into e-commerce livestreaming, which is already a huge phenomenon in Asia. Retailers such as Nordstrom are playing catch-up in the U.S. to a trend that has been rampant for years overseas, in large part thanks to early efforts by the Chinese e-commerce giant Alibaba….
Bisnow
CoStar Group has become a $32B commercial real estate data giant in large part through acquisitions, but that strategy has started to hit some obstacles. Over the last three months, CoStar has had two rare examples of high-profile acquisition pursuits falling through. One of the deals, its agreed-upon acquisition of RentPath, was blocked by a federal government antitrust lawsuit, while the second acquisition target, CoreLogic, publicly turned down CoStar’s $6.9B offer….
The Real Deal
Sonder, the well-heeled startup that rents furnished rooms by the night, plans to reopen the Flatiron Hotel in April. The hotel, at 9 West 26th Street, will be its first in New York City — a year and a half after Sonder agreed to lease it.
GeekWire
Rascoff, who left the CEO post at the Seattle real estate juggernaut in February 2019, is part of a group of SPAC investors that’s buying Offerpad, a 6-year-old real estate company that competes directly with Zillow Group in a quest to transform how people buy and sell homes.
CREtech+
Carol Galante, Faculty Director at the Terner Center at UC Berkeley, shines light on the impacts of the pandemic-induced recession, how it is impacting different races and socioeconomic groups disproportionately, and how we can use technology to create long-lasting solutions.
GlobeSt
A year after global lockdowns drove companies to adopt widespread WFH policies almost half of employed Americans are still working at home, the firm’s most recent survey shows. And while most of those surveyed reported that their work-life balance was equal to or better than it was before, Gen Z respondents were generally less-satisfied compared to older generations. …
Wall Street Journal
The badly battered lodging business is stirring to life, roused by hotel owners and investors betting that bookings will pick up when Covid-19 vaccines become widespread and more Americans itch to travel again.
PR Newswire
SUNNYVALE, Calif., March 10, 2021 /PRNewswire/ — Matterport, the spatial data company leading the digital transformation of the built world, today announced its continued partnership with roOomy to provide virtual staging capabilities to residential and multifamily real estate customers. Potential buyers and renters can view staged properties and more deeply understand and visualize the potential for spaces 100% virtually, anytime from any device. Now, they can decide whether listings are right…
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