Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
UPDATED: Sept. 15, 5:10 p.m.: iBuying startup Opendoor made its IPO plans official Tuesday, confirming a $4.8 billion deal with a blank-check company. The company’s merger with Chamath Palihapitiya’s Social Capital Hedosophia Holdings II will give Opendoor $1 billion in cash, the companies said. The deal values the San Francisco startup at $4.7 billion, matching its 2019 revenue….
CREtech
In this second CREtech Consulting Talks Webinar, several of our world-class Consultants and Advisors discussed how COVID-19 has caused corporations, tenants, residents and developers to rethink their entire approach to work and place making. The massive disruption in the Built World, caused by the pandemic, will have a far reaching and lasting impact on how spaces are designed, built and occupied as well as how cities are transformed as a result. Our leading experts from the worlds of smart citi…
Openpath
As states and cities begin to lift lockdown restrictions on stay-at-home orders and social distancing measures, it’s vital for companies to implement new strategies and safety precautions before returning to work.
Wall Street Journal
Facebook Inc. is buying Recreational Equipment Inc.’s custom-made new headquarters near Seattle, the latest sign that big technology companies are driving commercial real estate markets during the coronavirus pandemic.
bp
London UK, Redmond, Washington 15 September 2020 – bp and Microsoft Corp. today announced that they have agreed to collaborate as strategic partners to further digital transformation in energy systems and advance the net zero carbon goals of both companies. This includes a co-innovation effort focused on digital solutions, the continued use of Microsoft Azure as a cloud-based solution for bp infrastructure and bp supplying renewable energy to help Microsoft meet its 2025 renewable energy go…
Washington Post
On any given day, Darren Murph can wear many hats at work. He might play relocation expert, helping co-workers leaving a big city like San Francisco think through which cheaper locales have good access to broadband. He can be an executive coach, assisting senior leaders in structuring new projects in remote-friendly ways. He may serve as tech adviser (evaluating new messaging tools like Yac or Loom), communications pro (distilling work-from-home policies into remote work handbooks) or event pl…
Wall Street Journal
Over the past six months, technology investor SoftBank 9984 4.64% Group Corp. has signed more than $90 billion in deals to sell some of its most valuable holdings—most recently, U.K. chip designer Arm Holdings. Now the big question is: What will the Japanese conglomerate do with all that money?…
Wall Street Journal
Cushman & Wakefield PLC, one of the world’s largest commercial-real-estate-services firms, has launched an alliance with Industrious, a startup co-working firm, to build market share in one of the few growing office-space businesses during the pandemic. The office industry has mostly gotten pounded this year, creating pain for investors…
CREtech
IOTAS, premier provider of cutting edge integrated Smart Apartment Technology solutions, teams up with leaders in connectivity, access control, management, and other property technologies to explore options available for today’s multifamily and mixed-use assets, and how to pull the pieces together to create optimal experiences for residents and management teams alike.
Bisnow
The circumstances of the coronavirus pandemic have forced tech adoption at an unprecedented rate: The construction industry is implementing augmented and virtual reality, robots and drones to accommodate social distancing. An avalanche of urgent lease changes is prompting investment managers and corporate leaders to revisit the ways they process and standardize data. Large-scale office owners are utilizing cutting-edge tools to implement responsive space reconfigurations, contact tracing and spa…
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