News Archives | Page 640 of 1015 | CREtech

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 And even if they find a product to invest in, they wonder how long it will be functional before it is obsolete.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...

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.