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CRETech July 11, 2019
Compass — the $4.4 billion Softbank-backed brokerage that’s shaken up the real estate landscape over the past seven years — was hit with an explosive and wide-ranging lawsuit Wednesday by a key rival accusing it of price-fixing and collusion, “predatory” poaching and unfair business practices. Realogy, in a 68-page complaint filed in New York State Supreme Court, alleges the firm ro...
CRETech July 11, 2019
Housing is experiencing a labor shortage like never before. According to industry data provider, Metrostudy, the shortage is due to an aging/retiring skilled labor force in construction, a stronger than ever appeal of other industries for younger workers over construction, and new government policies that are weakening the availability of immigrant construction labor.
CRETech July 11, 2019

Leader in workplace productivity expands document management capabilities and increases focus on insurance and finance markets

FISHERS, INDIANA – July 10, 2019 – Formstack, a software-as-a-service (SaaS) company with a mission to transform the way people collect information and put it to wo...
CRETech July 10, 2019
Amy Bohutinsky, the former chief operating officer of Zillow, has joined venture capital equity firm TCV, where she will focus on late-stage consumer tech investments. Boh...
CRETech July 10, 2019
Big technology companies are doubling down on New York City by adding millions of square feet in office space and creating thousands of new jobs, with few aftereffects from Amazon.com Inc. ’s nixing of a Queens headquarters.
CRETech July 10, 2019
NEW YORK CITY—Colliers International Group has created a new division, Colliers Project Leaders | USA. It consolidates services of project management, development management, planning, advisory, commissioning and energy practices into one service group covering the US, aligning with its work in Canada. The new platform will better enable the commercial real estate services and investment mana...
CRETech July 10, 2019
CRE veteran Sheila Samii Matuscak has joined Coeo, a tech-enabled online marketplace designed for brokers and tenants to find and share commercial real estate. She and Kim Ford, LEED AP, will act as co-CEOs of the firm, which launched earlier this year.
CRETech July 10, 2019
RUTHERFORD, NJ—Commercial brokerage firm Savills reports it has launched a new specialization that will be focused on property disposition services. The new unit will be headed by dispositions expert and industry veteran Gerard J. Staudt, who has been hired as a senior managing director and head of dispositions, North America. Staudt will be based at Savills operations in Rutherford, NJ. T...
CRETech July 10, 2019
Amazon's Prime Day is coming on July 15 and 16 this year, and it has already taken it into the physical realm through Whole Foods. In doing so, it has once again forced its biggest competitors to play catch-up. In the five years of the promotion, Amazon has created a sales juggernaut on an otherwise unremarkable weekday in July. Even Black Friday is losing some of its luster compared to Prime ...
CRETech July 10, 2019

I wrote last week about my initial perspective on this acquisition which was all about validation for the importance of Access Control Technology to Commercial Real Estate (CRE) industry. But step bac...