Lauren, Author at CREtech | Page 38 of 287

Despite corporate giants like The Walt Disney Co. and Amazon.com Inc. demanding employees return to the office at least part of the workweek, and the increasingly prevailing sentiment from management that working from an office is best, office buildings in the 10 largest U.S. cities sit less than half full.

Proptech company Latch is laying off 59% of its U.S. and Taiwan-based workforce by November, or about 82 positions, according to a filing with the Securities and Exchange Commission, and putting new executives in place, including a new chief technology officer, chief financial officer, vice president of operations and other positions.

Commercial real estate is thought by many to be a change-averse industry but a new report from JLL says artificial intelligence is coming for it anyway — and that there is enormous potential in their meeting.

Artificial intelligence, or AI, is now a key player in the proptech industry, enhancing efficiency, transparency, and data-driven decision-making.

Unpacking Proptech: A data-driven series on advancing built world innovation

Suffolk Technologies is calling technologists, builders, and visionaries to apply for BOOST – an intensive 6-week program designed to ignite growth and equip pioneering built world startups with the right tools to transform the industry. Startups will be launched into the built environment with direct access to jobsites, unparalleled operational knowledge, and an influential network of industry ...

JLL announced that Flex by JLL, its enterprise-grade flexible space solution, has entered into a leasing agreement with Manulife US Real Estate Investment Trust (“MUST”) for the opening of a 15,407-square-foot flex office and coworking space at 500 Plaza Dr. in Secaucus, New Jersey. This opening will mark the first official ground-up Flex by JLL space to come to market in the U.S.

Compass Inc. cut more jobs, part of cost-reduction moves by the real estate brokerage as it aims to turn a profit even in a weakening US housing market.

Nearly a quarter of CEOs in the sector earn $250,000 or more per year, according to a survey by LMRE and Fifth Wall. While salaries in top roles can be high, they also vary significantly. Some 17% of CEOs and presidents earn between $30,000-$50,000.

Adam Neumann’s new rental-apartment startup recently received a $350 million investment from venture-capital firm Andreessen Horowitz. That big check came with an unusual catch.