WeWork’s valuation has collapsed, and now the company is selling off acquisitions. Knotel is grappling with nearly 1 million square feet of vacancies. WeWork and other co-working companies are slashing their workforces. With headlines like that, you might think the whole sector is in trouble. But flexible office space isn’t going anywhere — and will lik...
News Archives | Page 625 of 1015 | CREtech
Boards packed with bros don’t get IPOs. That’s the new policy at Goldman Sachs, whose chief executive David Solomon said the Wall Street giant won’t take any company public unless it has at least one “diverse” board member. In a Thursday interview with CNBC, Solomon said the new initiative will particularly focus on getting more women on corporate boards. The requirement will ratchet u...
CREtech (cretech.com), the leading global conference and research company devoted to innovation in the Built World, will be showcasing a panel of the most active companies in the real estate tech M&A space at its first event in 2020. To be held in Austin, Texas on April 22nd and 23rd, the panel will feature Keith Tice, VP of Corporate Development at Accruent, one of the leaders in the sector....
Los Angeles is one of the most desirable locations for commercial real estate in the United States, so it’s little wonder that there’s something of a boom in investments in technology companies servicing the market coming from the region. It’s one of the reasons that CREXi, the commercial real estate marketplace, was able to establish a strong presence for its digital marketpla...
“Give me 100 leads and I will make five-times more good appointments than any AI you put me up against,” stated the comment left beneath last week’s rather contentious column about the future of the negotiator. The commentator may have been correct that he would personally excel in that particular scenario. However, sadly he missed the point.
Real estate companies are embracing technology across a range of areas. But these efforts are mainly in the customer-facing arena, such as providing better services to multifamily or office tenants.
It was 2012, the foreclosure crisis was still in full swing, and he was on his way to Atlanta, where he and his team would participate in one of the greatest fire sales in American history. In Georgia, foreclosure auctions take place on courthouse steps throughout the state on the first Tuesday of each month. Traditionally, the buyers milling about, brand...
WeWork has severed ties with two more startups that joined the office space company before its downfall. The office-space giant announced Wednesday it had sold software company Teem and divested its stake in the Wing, a co-working startup focused on women.
It’s hard to put a positive spin on a terrible situation, but that didn’t stop Goldman Sachs CEO David Solomon earlier today. Asked during a session at the World Economic Forum in Davos about WeWork’s yanked IPO in September, Solomon suggested it was proof that the listing process works, despite that the CFO of Goldman — one of the offering’s underwriters — di...