Unclear financial returns hinder tech adoption
PlaceTech
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.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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JLL’s strategic technology services enable future of work and sustainability
PR Newswire
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
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
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
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
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
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
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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CREtech Announces 2023 In-Person Events Schedule
CREtech
New York (November 7, 2022) — CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, has announced their 2023 in-person event schedule which will boast unparalleled networking opportunities, presentations from the leading built work innovation experts, and much more. Attracting over 5,000 delegates in 2022, CREtech conferences are recognized as the most important and forward-thinking events available in the real estate tech s…
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JPMorgan Chase wants to disrupt the rent check with its payments platform for landlords and tenants
CNBC
JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and embrace digital payments.
