News Archives | Page 632 of 1007 | CREtech
Proptech is a $20 billion industry that’s already reshaping and upending traditional real estate as we know it. And this is just the beginning. Each Thursday, The Real Deal’s Future City newsletter breaks down the biggest news in proptech across the globe, from 3-D printer homebuilders in Long Island, to emerging tech brokerages in Indi...
In the fall of 2017, Compass announced an ambitious plan to grab 20 percent market share in the country’s top 20 cities by 2020. As the deadline approaches, CEO Robert Reffkin told agents the firm still had some ways to go.
In a year-end letter to agents on Tuesday, Reffkin said Compass had exceeded 20 percent market share — or come close — in cities like San Francisco and Washington, D.C...
It was February 2019 when Zillow co-founder Rich Barton reclaimed the CEO role in dramatic fashion, betting the future of the $8 billion company on instant home-buying. In the months since, the Seattle-based listings giant has made good on its promise to go head-to-head with competitors ranging from Opendoor and Offerpad, to Keller Williams and Realogy.
Real estate marketplace Fangdd Network Group Ltd. (Nasdaq: DUO) has expanded into selling parking spaces. The Shenzhen-based company said in a statement on Tuesday that, together with Shenzhen Jinyiyun Supply Chain Technology Co. Ltd., it has already facilitated a number of sales in the new business. Jinyiyun applies blockchain technology on its platform, it said. "Our cooperation with Shenzhen ...
At the end of December each year I want to reflect on the past 12 months of my life, and dream of what the next 12 might look like. In this column we do the same for the proptech market, with the help of investors from around the world. So, for the second year running, I am closing out the old year, and kicking off the new, with a review of 2019 and new year predictions for 2020. Today’s column ...
The drive for smarter cities is growing exponentially as municipalities tackle critical challenges in areas such as public and environmental health, safety and security, mobility and more. We are already seeing the IoT revolution delivering on its promise, with solutions being deployed for waste management, air quality improvement, gunshot detection, asset tracking, fleet management, flood detect...
While intrigued by proptech, many commercial real estate executives lament that there are just too many options on the market from which to choose. And even if they find a product to invest in, they wonder how long it will be functional before it is obsolete. Christopher Yip, the new partner and managing director of RET Ventures, hears these concerns. “There often are six or seven or eight play...
JLL research predicts that 30% of the US office market will comprise flexible space by 2030. One of the drivers behind this growth, ironically, is the uncertainty in the economy. “It’s not just a reflection of current circumstances, such as the ongoing trade war or Brexit, but the rapid shifts in business that make it hard for companies to know what they are going to look like from year to ye...
Increasingly startup proptech companies are implementing revenue-sharing agreements with a landlord in lieu of rent by building out amenities that tenants want in the building. The end result is a revamped building designed to meet the current demand for such services that cost the landlord relatively little. Indeed, landlords benefit doubly for these deals, says Jahn Brodwin, senior managing dir...
The impact of technology on brick-and-mortar retail is just getting started as the 2020s arrive, former Walmart U.S. President and CEO Bill Simon said Tuesday. And it may mean that by the end of the decade the days of carrying a pile of clothes into a dressing room are gone. "Could we have virtual changing rooms so that you can just scan an item in a store with your phon...