Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
In an email to New York City agents, the trade group said the penalty was due to “repeated violations” of REBNY’s universal co-brokerage agreement (UCBA), a document that governs how agents share listings.
The Real Deal
The Los Angeles-based firm said in a regulatory filing that it will issue 25 million shares of its new special purpose acquisition company at $10 per share. Goldman Sachs and Deutsche Bank are underwriting the deal.
Bizjournals
RealtyAds is a cloud-based software platform that uses artificial intelligence to help commercial real estate firms advertise office, industrial and retail space on social media. The company says it can help real estate firms reach 85% more of their target audience than other advertising models.
PlaceTech.
Nuuka, a Finnish proptech software company, has joined the Real Estate Core Consortium of property players targeting the emerging market for connected buildings. Demand for sustainable, resilient, and remotely operated buildings is a major driver for today’s digitalisation of the real estate industry. But a portfolio’s different systems, interfaces, and protocols are making it hard to access, aggregate, and make use of the data.
Property Week
Prior to widespread home working, remote work was usually viewed as a nice perk rather than an organisational priority. Just 5.1% of the UK workforce primarily worked from home in 2019, despite the steady proliferation of technologies that made it easier than ever.
TechCrunch
The massive shift to remote work due to COVID-19 has resulted in a huge reduction in emissions from vehicles and other sources, but it comes with costs of its own. A new study puts tentative carbon costs on the connectivity and data infrastructure that make working from home possible — and gives you an excuse to leave the camera off.
Venture Beat
Swapp, a company that leverages AI for construction planning, today announced that it raised $7 million in venture capital. The company plans to put the funds toward “continued market expansion” and growing its platform’s AI capabilities.
Venture Beat
Global cybersecurity spending is expected to grow 10% in 2021 as new types of threats emerge along with an increasing volume of attacks. With enterprises adapting their infrastructure to new cloud architectures and new work configurations, the need to address potential vulnerabilities is taking on greater urgency.
CREtech
The Business Intelligence Summit will bring together thousands of the world’s biggest landlords, owners, developers and brokers to discuss how the real estate industry can become more data driven. Discussions will begin with an introduction to the world of real estate data, ML and AI before delving into topics including cyber security, predictive analysis, ensuring health and wellness in the workplace, digital twins, location data and much more. Attendees will also gain best pract…
Bisnow
This moment in the history of how people work and use offices catches commercial real estate firms trying to thread a very delicate needle: caught between the necessity of selling your own product and showing that a return to working from an office is safe; and the need to adapt working practices and culture to cater to a workforce that, during the coronavirus pandemic, has normalized and, in many cases prefers, more remote work.
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