News Archives | Page 565 of 1011 | CREtech

Web traffic to for-sale home listings on Zillow fell off dramatically in mid-March as the U.S. coronavirus outbreak began in earnest and stay-at-home orders were expanded, effectively shuttering large parts of the economy. But by mid-April, overall visits to for-sale homes had rebounded to levels — perhaps surprisingly — that are actually slightly higher than a year ago.

Congratulations! Your organization has successfully pivoted to remote work and settled into a new routine. Now, it’s time to start preparing for your return to the office. While no return dates have been set yet by governments and public health officials in our communities, it’s time to begin preparing for how we come back to the workplaces we all left behind in March.

German software company Evana, a digital document management specialist, has entered into a strategic partnership with compatriot realxdata, a provider of data analytics, to pool resources in automated real estate prospectus data analysis using artificial intelligence.

With the exception of outdoor exercise and quick, furtive dashes to the corner grocery store, swathes of Northern California have now been sheltering in place for more than a month.

The Los Angeles Cleantch Incubator is rebooting its incubator program and moving from rolling applications to a cohort model beginning with 16 new startups. Los Angeles’ not-for-profit incubator exchanges sweat equity in the form of services and office space, and the promise of $20,000 in funding for local pilot projects, for a 1.5% to 3% stak...

James Gorman is hesitant to make predictions about the future with so much about the coronavirus pandemic still uncertain. One thing is clear, however: Morgan Stanley will have “much less real estate.”

A month after laying off 15 percent of its staff, Compass announced company-wide pay cuts on Wednesday, even as it continues to recruit agents. The Softbank-backed brokerage, which has raced to slash spending in the wake of Covid-19, said it would reduce salaries by 10 to 50 percent, according to an internal document reviewed by The Real Deal.

Every Western institution was unprepared for the coronavirus pandemic, despite many prior warnings. This monumental failure of institutional effectiveness will reverberate for the rest of the decade, but it’s not too early to ask why, and what we need to do about it.