Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CNBC
In a first for the company, the Whole Foods store will be permanently online only, charged with fulfilling online grocery orders for customers in the Brooklyn area, Amazon announced Tuesday. The store, which opens on Tuesday, is located in Brooklyn’s Industry City complex, based in the borough’s Sunset Park neighborhood.
Wall Street Journal
Real-estate searches are looking a lot different lately. For years, home values have been greatly influenced not only by finished square footage and acreage, but also by walk scores and community. The pandemic is turning those factors on their head—at least for now.
MRI Software
Alpharetta, GA and Solon, OH – September 1, 2020 – MRI Software (“MRI”), a global leader in real estate software solutions, and Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority”), a leading provider of merchant acquiring, integrated payment software and commercial payment solutions, have entered into a strategic agreement in real estate payments.
Multi-Housing News
With some of the largest tech players such as Facebook, Google and Microsoft bolstering their presence in Seattle, the city’s affordable and workforce housing inventory has always been tight. When we add coronavirus-induced unemployment to the mix, this segment of the housing market is definitely under a lot of pressure, particularly since the majority of the supply added during the past few years has catered to high-income residents….
The New York Times
Impact investments are outperforming traditional bets in the coronavirus crisis, which may be a turning point for wealthy investors looking to generate change.
GlobeSt
Many businesses implemented hybrid IT infrastructure to improve their remote working capabilities and streaming content providers also saw increased viewership due to the pandemic. The data center market has remained resilient throughout the first half of 2020, due in large part to the critical role they play in business continuity.
Mountain View Voice
Google announced on Tuesday a proposal to build more than a million square feet of offices and up to 1,850 new homes in the East Whisman area of Mountain View, creating an entire neighborhood in the center of a sprawling office park.
The Business Times
US private equity giants TPG Capital and KKR, as PropertyGuru’s largest shareholders, have pumped an additional S$300 million into the South-east Asia-focused property technology firm. The fresh injection, raised from two recent rounds of new funding, will accelerate PropertyGuru’s growth strategy across its key markets, said the Singapore-based startup, which pulled the plug on a A$380.2 million (S$380.5 million) initial public offering (IPO) less than a year ago.
The New York Times
In-person showings are once again allowed in New York City, after a months long ban brought on by the coronavirus, but they’re harder to schedule, more difficult…
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. According to the CDC, “current evidence suggests that novel coronavirus may remain viable for hours to days on surfaces,” which means sanitation and hands-free technology will play a key role in COVID-19 reopening workplace strategies. Similar to past influenza pandemic guidelines, OSH…
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