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
In simpler times, famous-people-turned-entrepreneurs bought wineries or invested in car dealerships — or simply created multi-billion-dollar lifestyle companies on the strength of their family brand.
Bisnow
Macy’s officials have discussed at great length measures to improve revenues, including investments in their online shopping experience, closing underperforming stores and the launch of a new experiential store format. The retailer during its Feb. 23 Q4 2020 earnings call shared plans to launch a new concept, Market by Macy’s, an experiential, smaller-format store that would go into lifestyle centers. There are now two near Dallas….
The Real Deal
When a company prepares to go public, it submits to the SEC a document known as the S1, which details its business, financials, risks and opportunities. On the first page is a field for the location of its headquarters. Some of these addresses have become legendary: 1600 Amphitheatre Parkway (Google); 1601 Willow Road (Facebook); 345 Park Avenue (Blackstone).
Lane
In this report, we explore how leaders in commercial real estate can go beyond room bookings to create a thriving flexible workspace offering that keeps customers coming back.
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 …
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