Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Axios
The big picture: The rise of remote work has been disastrous for WeWork, which placed a hugely expensive bet on offices. Now the company is trying to find its place in the future of work by making its office space available on demand.
The Fintech Times
Are connected cars, kitchens and homes really the epitome of AI value? Well, maybe… The smart home does add immense value. There’s quality of life, reduced admin, improved budgeting, better use of resources and many other simple benefits to using systems that optimise, transform and improve. But these are only one part of the AI puzzle.
The Wall Street Journal
The latest startup looking to capitalize on new demands and dislocations created by the pandemic is Neighbor.com, which aims to be a sort of Airbnb for storage space. The Lehi, Utah, firm converts vacant restaurants, offices and parking lots into storage space.
Bain Capital
Bain Capital Real Estate and Magnolia Capital today announced the formation of a joint venture to pursue opportunities to acquire, renovate and operate value-added multifamily housing in primary and secondary markets throughout the U.S..
TechCrunch
The real estate industry has been slow to adopt technology compared to many other sectors. So when Dominic Penaloza left his job at WeWork China as the head of innovation and technology this spring, he decided to focus on proptech in Asia.
Los Angeles Times
Before the pandemic, software engineer Allen Dantes commuted every day from his apartment in Mar Vista to the Playa Vista headquarters of ChowNow, about four miles away.
Edelman
November 17, 2020, New York, N.Y. – Today Edelman announced the findings of new proprietary research of investors revealing that investors are applying a premium valuation to companies that excel in environmental, social impact and governance (ESG) initiatives.
Fast Company
Offices around the U.S. are sitting empty, as the pandemic has forced many employees to work from home. Some of these offices will eventually come back to life, but others may lay fallow indefinitely.
TechCrunch
In the wake of COVID-19 this spring, construction sites across the nation emptied out alongside neighboring restaurants, retail stores, offices and other commercial establishments. Debates ensued over whether the construction industry’s seven million employees should be considered “essential,” while regulations continued to shift on the operation of job sites. Meanwhile, project demand steadily shrank.
Los Angeles Times
Before the pandemic, software engineer Allen Dantes commuted every day from his apartment in Mar Vista to the Playa Vista headquarters of ChowNow, about four miles away. The online food-ordering platform sent employees home in March until further notice, leaving Dantes, 27, to work from the small two-bedroom apartment he shared with his girlfriend.
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