Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Wall Street Journal
Cities and towns are tapping artificial intelligence and other technologies to keep tabs on short-term home-rental activity. As the effects of the coronavirus pandemic tear through budgets, some localities hope the tools can identify tax-revenue opportunities.
Commercial Real Estate Biz
PropTech Romanian startup Bright Spaces has recently signed an agreement with Skanska Romania and will implement its interactive 3D showcasing platform for Equilibrium, a project owned by the developer in Bucharest, Romania. The platform will go live in October 2020. Bright Spaces caught the eye of Skanska Romania since its participation in the PropTech Hackathon organized by Skanska with the support of Proptech Romania, in November 2019. During that competition, Bright Spaces managed to win the…
Bisnow
Jonathon Yormak, founder and managing principal of East End Capital, was in the middle of renovating a more than 100-year-old, 120K SF office building in New York when the coronavirus hit. He’d already decided to completely overhaul the air and ventilation system in the building.
CNET
On Thursday, the online retailer revealed its new Alexa for Residential program, which will make it easier for landlords and property managers to add dozens of Amazon’s voice assistant and Alexa-powered smart home devices into their rental units….
Venture Beat
As physical retail struggles amid the global pandemic, storeowners are rapidly trying to adapt to new realities that also include growing competition from Amazon. But a French startup called Storelift believes it can create a new convenience store concept that leans on many of the same AI and computer vision tools used in Amazon Go stores to reinvent the shopping and checkout experience.
The Real Deal
Simon Property Group is going virtual. The nation’s largest mall operator is partnering with ShopShops, a livestream shopping app, according to the app’s founder and CEO, Liyia Wu.
Venture Beat
Salesforce today detailed the next generation of Salesforce Field Service, its suite of machine learning-powered tools tailored for field service. Among the highlights are appointment scheduling and optimization features, AI guidance and assert performance insights for dispatchers, and automated customer communications to help ensure jobs finish on time.
The New York Times
The pandemic is expected to drastically reshape commercial real estate, leaving thousands of vacant and underused spaces nationwide. But some developers and investors are keen to seize the chance to convert those properties into other uses.
Wall Street Journal
As autonomous trucking edges closer to market, technology providers and their potential customers are testing competing strategies for how driverless big rigs could help them make money in the real world. Several startups are building out prototype fleets and hauling freight for big shippers that hope autonomous trucks could help cut transportation costs and speed up deliveries. Other companies with self-driving trucking technology are trying to plug into existing operations, striking agreements…
The Real Deal
In conjunction with the deal, Mosaic said it closed a $14.25 million Series A led by Andreessen Horowitz, bringing its total funding to $24.75 million since 2015. Other investors in the round included Founders Fund, Thrive Capital and Greylock Partners.
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