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CRETech March 20, 2019
In its quest to roll out the country’s first commercialized fleet of autonomous trucks, TuSimple has added an improved camera and vision system that lets its vehicles operate at night and in low-light situations. Currently, TuSimple can run its trucks for an average of 12 hours per day, or 50 percent usage, but this new system can push that up to an average...
CRETech March 20, 2019
Blueground, a real estate technology company, announced it raised $20 million in funding from a group of investors including New York City-based entrepreneur Kevin Ryan — who is joining the company’s board of directors. Ryan is known for launching several successful businesses including Business Insider, MongoDB, Gilt Groupe, and Zola.com. And Ryan also served as CEO of DoubleClick before Goog...
CRETech March 20, 2019
Over the last decade, agents have been squeezed by the proliferation of online listings portals and automated valuation models. Now, with well-funded “iBuyers” poised to tighten the screws and reduce the agents’ role in the homebuying process, some brokers are fighting back a...
CRETech March 20, 2019
The We Company's gambit to become a tech company rather than a real estate company comes with the same modern privacy concerns that dog the tech giants. Through its acquisitions of startups such as Teem and Euclid, WeWork's umbrella company has built a platform of workplace tracking technology that breaks down the movement of office workers to the most granular levels, Bloomberg reports. Thou...
CRETech March 20, 2019
China’s largest insurer is backing the nation’s ambitious smart city program with investment in technology, panelists said during the ULI Asia Pacific Leadership Convivium, held in Shenzhen, China. Wei Baisong, chief technical officer and chief product officer at Ping An Capital, the venture arm of one of China’s largest insurance companies, said China has plans for 500 smart cities, comp...
CRETech March 20, 2019
PHILADELPHIA, PA—Truss, a Chicago-based marketplace for commercial real estate listings, is expanding its platform into the Philadelphia market with information about more than 400 available office spaces and 20 coworking locations in downtown Philadelphia.  The expansion follows Truss’ latest Series A-2 funding round of $15...
CRETech March 19, 2019
The conversion to primarily open-office floor plans over the past decade is now reaching adolescence, and like many revolutions has created problems as well as possibilities, panelists said at a ULI New York event in February. Industry experts from three tech companies that want to attract the best talent available described what they are seeing in the marketplace based on their considerable and f...
CRETech March 19, 2019
Neiman Marcus is making a big bet on the Big Apple with the opening of its first-ever store in Manhattan, on Friday, March 15. The luxury retailer will anchor The Shops & Restaurants at Hudson Yards — the expansive new complex on Manhattan’s fare West Side that has ...
CRETech March 19, 2019
The three rules of real estate are location, location, location. But the fourth one just might be technology, especially for lawyers who are looking to remain or become the go-to resources for the growing number of clients taking an interest in property technology (“prop tech”).
CRETech March 19, 2019
For staffers at the Cupertino planning department, explaining the city’s byzantine zoning rules to residents is a challenge. For residents, it’s even harder understanding them. Driven by an influx of wealthy residents looking to expand or rebuild their homes, the city of Cupertino has turned to softwar...