News Archives | Page 858 of 1011 | CREtech

Kroger Co. and Microsoft Corp. are joining forces to bring the ease of online shopping to brick-and-mortar grocery stores. Kroger, America’s biggest supermarket chain, has remodeled two stores to test out the new features, which include “digital shelves” that can show ads and change prices on the fly along with a network of sensors that keep track of products and help speed shoppers thro...

Hotels have already turned their lobbies into spaces where guests can socialize or work. Now, some properties are going one step further to cater to business travelers and professionals in general: They’ve set up WeWork-style co-working areas. Traditional hotel business centers these aren’t. Yes, they offer practical amenities like office supplies, printers and, of course, coffee. But they ...

Won’t be around to accept a package? If the order’s from Amazon, you needn’t worry. Months after it began making deliveries to the trunks of select GM and Cadillac vehicles in 37 cities via Key In-Car, the Seattle company is introducing new ways for mail carriers to leave packages at homes and apartments securely.

SoftBank is increasing its ownership stake in WeWork yet again, investing a further $2 billion in the fast-growing co-working company, according to three people familiar with the deal. But the deal, which is likely to be announced this week, is far smaller than an investment that was recently under consideration and could have been worth some $16 billion, the people said. They spoke on the cond...

When commercial real estate data company Reis began looking for buyers this spring, CoStar Group was among the first to show interest. But there was an issue: with a market cap of nearly $14 billion at the time, CoStar was already the industry’s biggest player by a distance. An acquisition by the CRE tech giant could set off alarm bells with antitrust regulators.

Data centers, the immense warehouses that hold, process and distribute seemingly endless amounts of data, are also an unassuming commercial real estate powerhouse. Hyperscale data centers built by tech giants such as Apple or Google are projected to grow 53% by the year 2021, in comparison to the number of existing data centers in Q4 2016. A solid history of economic performance—even during s...

Unicorn real estate startups like WeWork, Compass and Airbnb have seen whopping valuations this year. But now, some venture capitalists are hoping the startup market will turn. With startups expanding rapidly – some going public at sky-high valuations – it’s become harder for investors to get deals done, according to the New York Times. That’s because VC firms often prefer to invest in ...

U.S. startups are raising investment dollars at levels unseen since the dot-com era. Venture capital funding in U.S. companies reached $99.5 billion in 2018, the highest since 2000, according to the Q4 MoneyTree report from PwC and CB Insights. Driving the big investment numbers are companies such as Epic Games ($1.25 billion in October); Katerra ($865 million round); Instacart ($600 million...

Cashierless stores are fast becoming a reality, thanks to Amazon’s aggressive expansion of its Amazon Go chain and an emergent class of startups looking to nab a slice of the nascent sector. It’s a win-win for retailers: With a checkout-free arrangement, customers don’t have to contend with lines or self-checkout machines, and stores save substantial overhead in payroll — theoretically, a...

A little more than a year ago, autonomous trucking startup TuSimple —flush with a fresh round of venture capital — was preparing to scale up its testing to two full truck fleets in China and the U.S. TuSimple, a China-based company with an R&D facility in San Diego and test operations in Tucson, has put that money to use.