Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The New York Times
Adam Neumann, a WeWork co-founder, and SoftBank, the co-working company’s largest shareholder, announced on Friday that they had settled their legal dispute, opening the way for WeWork to go public just 16 months after SoftBank rescued it from collapse.
CNBC
Goldman Sachs CEO David Solomon said that working from home was “not a new normal” for the investment banking giant, calling it an “aberration.” Speaking at Credit Suisse’s annual virtual financial services forum on Wednesday, Solomon said that the coronavirus pandemic had seen a “significant portion” of Goldman Sachs employees shifting to working remotely.
Wall Street Journal
Salesforce. com Inc.’s chief information officer says remote work is here to stay. But that hasn’t kept her and the IT team from working with the company’s product engineers to write and test new software designed to help businesses return to physical offices in the wake of the coronavirus pandemic.
CREtech+
In Part 1 of Embracing a New Era of Tech in CRE, Michael Rudin discusses Rudin Management’s history of groundbreaking innovation with the first fully-wired building in Manhattan in the 1990’s at 55 Broad St, how they utilized this momentum to successfully differentiate the rest of their portfolio, and the current and future technology solutions that hold the most importance to the company.
The Real Deal
Greenwich and Miami Beach-based Starwood reported $107 million in fourth quarter 2020 earnings, or 37 cents per share, down 38 percent from the same period in 2019. The REIT reported $290.6 million in revenue for the fourth quarter, up 1.5 percent from $286.4 million in the same period of the previous year
The Real Deal
KVS Title has 90 employees who’ve notched 70K settlements. Compass is taking title. Ahead of its much-anticipated IPO, the residential firm has inked a deal to buy KVS Title, a title insurance and settlement services firm in Washington, D.C., the company said Thursday.3 days ago …
Medium – Alpaca VC
Unfortunately, the COVID-19 pandemic has shone a harsh light on the challenges that many senior living communities are facing, from social isolation to inaccessible quality of care. The industry’s historical lack of innovation and technology adoption has left many facilities ill-equipped to manage the pandemic’s many curveballs.
Thrive Global
Chase Garbarino is co-founder and CEO of HqO, the leading tenant experience software platform for commercial real estate. Prior to HqO, Chase was co-founder and CEO of AmericanInno (formerly Streetwise Media) where he helped build a local media network for the innovation economies in over a dozen cities in the US. The company was purchased in 2012 by ACBJ, a subsidiary of Advance Publications which owns Conde Nast and is a shareholder of Reddit, Discovery and a number of other media properties.
Bisnow
Months removed from a wildly successful entry into the stock market, Airbnb has selected Atlanta as its East Coast tech hub in a move that will bring hundreds of jobs to the region. Called the Atlanta Technical Hub, Airbnb plans on the facility being part of a longer-term commitment to the city, growing the Atlanta office into a “regional base for hundreds of technical and non-technical roles over time,” Airbnb said in a press release announcing the hub….
CREtech+
Jerry Sweeney, President, CEO, and Trustee of Brandywine Realty Trust joins The Legends to discuss the qualities he’s honed through his years of successful leadership, how he balances risk with innovation, and how the industry will need to utilize technology in new ways going forward.
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