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...
News Archives | Page 637 of 1011 | CREtech
It may not be $1.7 billion, but it’s still a pretty penny. WeWork’s co-CEOs Artie Minson and Sebastian Cunningham will get about $17 million in exit packages if they are fired or leave WeWork, according to the Financial Times. They would each receive $8.3 million. Jennifer Berrent, the company’s chief legal officer, would get $1.5 million if she is fired or leaves, and she would not have t...
Data has become more important than ever for retail investors trying to compete and remain relevant amid changing consumer demands for brick and mortar and e-commerce shopping platforms, Meghann Martindale, CBRE’s global head of retail research, tells GlobeSt.com. The commercial real estate services firm is actively bulking up its retail research to provide information to its brokers and clien...
On the horizon is a massive wave of demand for apartments that stretches well into the future. In fact, the industry will have to build at least 328,000 new apartments each year just to keep up with demand for apartment living, according to recent research. However, anything being designed today won’t see its first resident for a couple of years—or more, depending on how knotted the process is...
As 2019 draws to a close, we wanted to take a look at the biggest proptech news headlines over the past year. Below is a round up of some of the good, bad and ugly stories that shaped the proptech sector in 2019. PropTech firm SquareFoot, a commercial real estate brokerage, announced the acquisition of PivotDesk a subletting platform formerly owned by coworking provider Industrious, which enabl...
Airbnb Inc. employees had a proposal in 2017 for making the home-sharing platform safer for both hosts and guests. Everyone who signs up, they suggested, should have to provide a government identification such as a driver’s license.
The company had suffered through a string of embarrassing safety problems, including prostitution, theft and voyeuristic hosts using camera...
Technology giants are opening their checkbooks to keep pace in the hot field of artificial intelligence, where some of the best ideas and most sought-after talent reside in small startups and academia.
Intel Corp. ’s purchase of Israeli startup Habana Labs for $2 billion this month is the biggest AI deal in a year when those transactions have already hit...
Travis Kalanick, the ousted Uber cofounder, has pivoted from the ride-hailing industry to another kind of shareable market: "ghost kitchens." Part of Kalanick's acquisition of the real-estate company City Storage Systems, CloudKitchens — a startup he's been rather hush-hush about — rents commercial space to offer delivery-only restaurants and chefs a place to prepare food without having to wo...
Mace is rolling out the AI-based project monitoring tool Disperse across its business. Paul Connolly, director of technical services at the major contractor, and Felix Neufeld, founder and CEO of Disperse, explain how it has boosted construction efficiency and lightened the burden on project planners. What is Disperse? FN: Disperse is an artificial int...
Since everyone seems to define PropTech differently, the trends mentioned here r...