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Two of WeWork's biggest rivals are cashing in on its public meltdown. "We're in a hypergrowth stage at the moment," Mark Dixon, CEO of IWG, told Fast Company. The collapse of WeWork's IPO, the coworking startup's rescue by SoftBank, and its ongoing overhaul is helping the company - which boasts 3,500 global locations to WeWork's 625 - to expand and acquire smaller competitors, he said. WeWork's ...
CREtech, the leading commercial real estate technology conference and data company, in conjunction with Colliers and Techstars have announced their All-Star lineup of thought-leaders and influencers in the commercial real estate tech sector for the upcoming Proptech Summit on December 5th. The event will host leaders from thro...
For decades, when you applied for an apartment, the landlord—or a tenant screening company hired by the landlord—would examine your credit file and pay stubs to verify your ability to pay rent. But today, landlords are using the artificial intelligence revolution to predict something else: Your willingness to pay rent.
New Yorkers are used to seeing letter grades on restaurants and bagel shops. Soon offices and residential buildings will be getting something similar. Beginning next year, midsize and large buildings will not only have to report how energy-efficient (or not) they are, they will also be required to post letter grades issued by the city, based on the data the building...
Blackstone Group Inc. has closed the door on its giant rental-home gambit. The investment firm late Wednesday sold the last of its stake in Invitation Homes Inc., the company it created after the housing crisis to scoop up tens of thousands of foreclosed single-family properties from the courthouse steps, spruce them up and rent them out. Blackstone began whittling its position in March throug...
Last week Sapphire Ventures and NFX joined forces to co-host our 2nd annual PropTechCEO Summit. It was a pleasure, as always, to team up with Pete Flint and host this special invite-only gathering of more than 175 entrepreneurs and investors. It was great to see so many familiar faces, and welc...
After four years of silence, Amazon confirmed last month that the “Amazon Go team is running internal tests” at a prime retail location in Seattle’s popular Capitol Hill neighborhood that is much larger than the tech giant’s typical cashier-less store. It turns out the store may be part of a push to expand the Amazon Go technology to a larger supermarket-style format. Bloomberg reported t...
Juniper Square, a startup maker of software for commercial real estate investing, raised $75 million in a series C funding round led by venture capital firm Redpoint Management LLC. Ribbit Capital, Felicis Ventures LLC and Zigg Capital also participated, Juniper said Thursday in a statement. Elliot Geidt, a partner at Redpoint, joined Juniper’s board las...
Knowing how to reach the important demographic of 73 million Millennials, the largest US renting segment, is vital. This generation is a well-informed, Internet-savvy group of consumers who value flexibility and mobility. When it comes to renting, they are laser-focused on location, amenities, lifestyle, pricing and ease of doing business which is easily achieved via a variety of digital marketin...
In this #DreamitLive, Urbantech Managing Director Andrew Ackerman speaks with CREtech CEO Michael Beckerman about the latest trends in innovation in the commercial real estate industry. Michael Beckerman runs CREtech, the largest event, data and content platform in the commercial real estate tech sector. This position gives him an unparalleled vantage point o...