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CRETech December 20, 2018
As alternative forms of transportation like ride-sharing and autonomous vehicles gather steam, experts say adjacent industries like commercial and residential parking are safe, at least for now. According to Andrea Cross, Americas head of office research for CBRE, even in the face of technology and market disruptors like Uber and Lyft, demand for office tenant parking in particular will remain ...
CRETech December 20, 2018
As 2018 draws to a close, new innovations, new ideas and new designs have all played their part in keeping the real estate industry on its toes throughout the year. Existing mega-trends of urbanization, proptech and sustainability continue to shape the built environment – and have given rise to a growing number of sub-trends in terms of how we build, how we live and how we wo...
CRETech December 20, 2018
The story of once-hyped augmented reality (AR) startup Blippar has come to an end. The London-based company announced yesterday that it had started insolvency procedures, a process that means all employees will be let go and, likely, services terminated. Back in September, Blippar
CRETech December 20, 2018
When it comes to shift workers communicating with each other in the workplace when they are not face-to-face, gone are the days of cork announcement boards. Now, the messaging app is the medium, and today one of the startups tackling that opportunity in a unique way has raised a round of funding to get to the next stage of growth.
CRETech December 20, 2018
A key way to save on costs when it comes to data centers is saving on power, so those who are building and running data centers are constantly thinking of ways to improve efficiency — most notably in cooling, which tends to be the biggest power draw. The challenge is either to find new and better ways to cool centers or advances in server equipment that allow them to run at higher temperatur...
CRETech December 20, 2018
As WeWork continues to shape the face of office leasing, its recent push into real estate investment is prompting a rebuke from landlords and other industry insiders. “A lot of people originally thought of the shared office-space providers as bringing tenants,” Tony Malkin, CEO of Empire State Realty Trust, told Bloomberg. “But I think now we’ve seen — particularly with WeWork and oth...
CRETech December 20, 2018
The last couple years have been rough for home buyers — specifically on the West Coast, where an influx of well-heeled techies has upped competition for limited options. But the dynamic started to change in the latter half of 2018, giving buyers a little relief, and tech-powered real estate brokerage Redfin expects that trend to continue into the first half of next year. Redfin today
CRETech December 20, 2018
It’s a rare occurrence, but SoftBank’s investors said no. In this case, it was a majority takeover of WeWork for $16 billion that would have been a step too far. The potential deal, championed by the Japanese investment firm’s head Masayoshi Son, was reportedly squashed by investors concerned about the co-working firm’s astronomical valuation and its potential exposure in the event of a...
CRETech December 19, 2018
In a blog post announcing support for the Asia Pacific AI for Social Good Research Network and highlighting Google’s efforts to use artificial intelligence (AI) to combat disease and natural disasters, Kent Walker, senior vice president of global affairs, wrote that Google wouldn’t offer a “genera...
CRETech December 19, 2018
Standing amid the debris of renovation—steel bars and exposed concrete beams, step ladders and workers’ lunch pails—Matthew Harrigan paints the scene. On the wide-open second floor, startup staff and big company tech workers will eat at long benches. They’ll take a break on the terrace, where Grand Central Terminal frames the view. And in the offices upstairs, they’ll get down to work, c...