News Archives | Page 634 of 1015 | CREtech

WeWork’s days of breakneck expansion are over, at least for now. New leases by the flexible office firm nosedived in New York and London, its top two markets, in the final quarter of last year, CoStar Group Inc. data show. It signed just 64,000 square feet (5,946 square meters) of space in Manhattan, the lowest in more than five years, while the 49,000 square feet in London was the least since ...

In a recent episode of “Million Dollar Listing New York,” the show’s newest cast member, Tyler Whitman, beat out celebrity broker Ryan Serhant on a listing. “I’m just super-excited that Bubblemint gum finally has their first listing,” said Serhant, flubbing the name of Whitman’s brokerage, Triplemint, and shrugging off the loss. How staged the scene was is anyone’s ...

Chinese drone maker Ehang demonstrated its autonomous air taxi in the US for the first time. The all-electric two-seater took flight for five minutes above a test track south of Raleigh, North Carolina, on Tuesday afternoon, with approximately 100 people, including the state’s governor, Roy Cooper, looking on. It represents the first time that Ehang has received permission to fly...

Toyota Motor Corp. plans to build a prototype “city of the future” at the base of Mount Fuji, powered by hydrogen fuel cells and functioning as a laboratory for autonomous cars, smart homes, artificial intelligence and other technologies. Toyota unveiled the audacious plan for what it plans to call “Woven City,” in a reference to its origins as a loom manufacturer, on Monday at the big CE...

When Spencer Rascoff moved back to Los Angeles four years ago, he discovered a broad and vibrant tech economy taking root in his hometown. The only thing it lacked: a homegrown tech press to tell the world about it. Rascoff had seen the impact that a tech-specific publication could have firsthand while living in Seattle, where he co-founded and then ran the digital real estate platform Zillow fo...

One of the first major insolvencies in the PropTech sector highlights how difficult disrupting real estate can be. Brickvest was one of the leading lights of PropTech, particularly in the field of capital markets. The crowdfunding platform, which allowed investors to buy into real estate deals in the UK, U.S. and Europe for an investment of as little as $1K, had achieved a level of success. It had...

Venture firms are sitting on a mountain of cash, as more venture firms raise billion-dollar funds and late-stage growth funds. Dry powder, or cash that firms have raised but not invested, rose for a seventh consecutive year to roughly $276 billion in 2019, nearly triple what it was in 2012, according to data provider Preqin.

In the backroom of a Walmart store in Salem, N.H., is a floor-to-ceiling robotic system that the country’s largest retailer hopes will help it sell more groceries online. Workers stand on platforms in front of screens assembling online orders of milk, cereal and toilet paper from the hulking automated system. Wheeled robots carrying small baskets move along metal tracks to collect those items. T...

Nearly a year after China stopped accepting the world’s garbage, cities around the globe are wrestling with what to do with all of their waste.  China’s new policy, which once accepted 70% of municipal solid waste generated around the world, means that cities like New York, London, and Paris need to find a new way to deal with their dumps. In Toronto, the municipal g...

Although the commercial real estate industry has generally been slow to adopt technology, that is starting to change, particularly on the brokerage side of the business. Sell-side brokers are increasingly listing their properties, for sale as well as for lease, with LoopNet and similar online platforms that supplement these listings with property information culled from a variety of public and pri...