News Archives | Page 653 of 1020 | CREtech
Food retailers are making big bets on small warehouses to bulk up their growing delivery businesses, as supermarkets try different approaches to get groceries to customers more efficiently. Albertsons Cos., Walmart Inc. and other chains are building small fulfillment centers near existing stores and customers to quickly fill orders placed online. More groc...
As it went into the summer, WeWork had a big war chest of equity to spend on buying buildings it occupied. But as with much of its business, that strategy is now on hold. WeWork said in May that it was raising just shy of $750M of equity from investors for its own property fund, and announced it was setting up a joint venture with Canadian pension fund Ivanhoé Cambridge to invest up to $2.9B of ...
Layoffs at WeWork will total more than 900 in New York City, according to a filing by the company this week. The co-working giant announced last month it would lay off about 2,400 employees across the company. The filing to New York state, which was required because of the high number of positions to be cut, specified that 911 New York employees will be affected — all in Manhattan except for se...
Trust. This was a common answer at the recent Smart Cities Week in Washington, DC to the question, “what is your biggest challenge in implementing smart city projects?” It was the answer given by multiple municipal representatives at different times and in different sessions. Not project planning. Not capital expenses. Not vendor selection or approval processes. Trust. Trust by residents tha...
Hemlane, a San Francisco, CA-based modern property management solution that combines technology with local agents, closed a $2.5m seed financing round. The round was led by Prudence Holdings, with participation from Aglaé Ventures, Stanford-StartX Fund and several technology entrepreneurs including Thumbtack Founder Marco Zappacosta and Vouch Insurance Founder Sam ...
Developers are building more office buildings today than at any point in the last decade, but the changing nature of the work could threaten long-held beliefs about the way the office market will behave as we enter the next decade. The office construction pipeline in the U.S. at the end of the third quarter was 118.5M SF, the highest point it has reached in this economic cycle, according to JLL. ...
Emerging technologies will be among the top trends for apartments in 2020. Renters continue to crave convenience through technology, and the demand is fueling the implementation of a host of new technologies in apartment buildings and in units. These technologies will take center stage next year.
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As the pace of transformation throughout the economy accelerates, real estate professionals can’t escape kaleidoscopic changes. Geoffrey Kasselman, the newly hired partner and senior vice president, workplace strategy, at CRG, the real estate development arm of Clayco, said it is time to prepare for the coming earthquakes, even if they are difficult to predict. “I'm not an alarmist, but every...
It’s been less than two years since WeWork announced the acquisition of SEO and content marketing company Conductor — but those two years have been bumpy, to say the least. Briefly: Parent organization The We Company’s disastrous attempt to go public resulted in the ouster of CEO Adam Neumann, an indefinite delay of its IPO and reports that the company was weighing...
Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, has announced its inaugural REACH Australia cohort. REACH is a technology growth accelerator program designed to launch and propel companies into the real estate industry. Second Century Ventures announced the global expansion of its award-winning REACH accelerator in July of 2019 to further support th...