Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

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CREtech London Returns with Simon Carter, CEO, British Land, and Melanie Leech, CEO, BPF, Set To Deliver Keynote Conversation

CREtech
12/1/2022

Europe’s most important PropTech networking conference is back in London on 10-11 May, 2023 New York, NY (November 28, 2022) — CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, has announced the return of Europe’s most important real estate technology networking conference, with Simon Carter, CEO, British Land, and Melanie Leech, CEO, British Property Federation, set to deliver a Keynote Conversation. CREtech London …

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Janet Woods and Patrick McGrath to Lead Savills’ East and West Divisions

Commercial Observer
11/28/2022

Savills made two new rungs on its corporate ladder for Janet Woods and Patrick McGrath, Commercial Observer has learned. Woods, Savills’ former Northeast region lead, and McGrath, its chief information officer, will move into two newly created roles overseeing the brokerage’s east and west operations, respectively, according to Savills.

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Unclear financial returns hinder tech adoption

PlaceTech
11/28/2022

Nearly half of real estate companies that have adopted three or more proptech tools are hesitant to invest further in the sector due to a lack of return on investment.

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JLL’s strategic technology services enable future of work and sustainability

PR Newswire
11/28/2022

JLL Technologies (JLLT), the technology division of JLL, today announced the launch of the Strategic Technology Program, which provides assessment, strategic planning, goal setting and performance measurement services for real estate technologies.

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With every passing month, the flexible workplace becomes more prevalent, and more of a constant, for startups and enterprises alike.

Commercial Observer
11/21/2022

With every passing month, the flexible workplace becomes more prevalent, and more of a constant, for startups and enterprises alike.

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Real-estate tech firms are getting hammered by a cataclysmic reckoning that one VC called a cross between the 2001 dot-com bust and the 2008 market crash

Business Insider
11/21/2022

Companies like Compass, Opendoor, and Redfin are reporting losses and cutting thousands of jobs. The proptech sector is battling two challenges at once: a slowing housing market and a tech bust.

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JLL Spark announces new fund for China-based proptech companies

JLL
11/21/2022

JLL is increasing its technology presence in China and intends to set up a new RMB fund. The JLL Spark China Venture Fund will launch in 2023 allocated for financing China-based proptech companies.

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WeWork Will Close About 40 Locations as Losses Narrow

The New York Times
11/14/2022

WeWork said Thursday that it was going to close roughly 40 “underperforming” locations in the United States and tempered its revenue forecast for the year, highlighting the challenges the co-working company still faces after its near collapse and subsequent bailout in 2019.

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How The Jones Network Modernizes Insurance Compliance for Real Estate Portfolios

Commercial Observer
11/14/2022

Not long ago, the subject of insurance compliance was not something that commercial real estate executives discussed on a strategic level.

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iBuying takes further hit with Opendoor’s $928m loss

PlaceTech
11/14/2022

The business of using algorithms to quickly buy and sell homes has suffered another setback as volatility in US house prices exposed one of the sector’s biggest players to substantial losses.

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