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CRETECH November 13, 2017
Online roommate finder Roomi raised $11 million in a Series A round, as investors continue to pile into shared-living startups. Atami Capital led the round, which also included Rosecliff Ventures, Townsquare Media, JXC Investors, Great Oaks Venture Capital and DCM. Citigroup executive Dan Keegan, former Trulia president Paul Levine and Global Switch CEO John Corcoran also invested, the company ann...
CRETECH November 13, 2017
No real estate agent will disagree that the industry has become hyper-competitive. In cities across the U.S., you see countless billboards for agents, often promoting a name not around even a month before. As the industry competition continues to increase, forward-thinking brokers and agents are turning to future-proof technology for a competitive advantage in their market. Real estate-specific CR...
CRETECH November 12, 2017
0 Smart Buildings Will Reshape Office Space Posted on November 12, 2017 by Wil Catlin Soon your office building could follow the same path as the new iPhone X: facial recognition. Credit: Biznow Excerpts from Biznow: Operating systems such as Nantum are one step closer to achieving the true AI experience, which is intuitive and self-improving, by using machine learning to act as the “brain” ...
CRETECH November 12, 2017
Duke- In response to your article Are You Adapting to Commercial Real Estate Technology Quickly Enough? I always enjoy your perspective on the CRE Tech world. Your piece on “Are You Adapting to Commercial Real Estate Technology Quickly Enough?” brings me back to a historical perspective that I have frequently told over my almost four decades as a technology investment banker. In 1982, the worl...
CRETECH November 12, 2017
WeWork's climb to an estimated $532 million in 2016 revenue—with $1 billion expected this year—has been marked by an aggressive expansion in the city and around the globe. Already leasing more than 2 million square feet of Manhattan office space, WeWork made a splash in October with the $850 million purchase of Lord & Taylor’s 676,000-square-foot landmarked Fifth Avenue building. No...
CRETECH November 12, 2017
From Silicon Alley in Lower Manhattan to the Brooklyn Tech Triangle, New York City has made important strides in cultivating mixed-use, live/work communities aimed toward the creative workforce and growth industries. While things are off to a good start, our elected officials need to be more proactive if New York is to reach its potential for economic and middle-class job growth. In particular, we...
CRETECH November 12, 2017
There may be good news on the horizon for hotel chains losing business to home-sharing behemoth Airbnb. The San Francisco-based tech company has caused significant disruptions to the hotel industry over the years, but recent studies show the company has experienced a slowdown in user growth. A Morgan Stanley survey found that an estimated 25% of all travelers used Airbnb last year. Though this was...
CRETECH November 11, 2017
OnSite Media Ranked #122 Fastest Growing Company in North America November 11th, 2017 by 4URSPACE Posted in Audio & Video Systems, OnSite Media, Updates | OnSite Media today announced it ranked at #122 on Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. OnSite Media grew 969% ...
CRETECH November 11, 2017
Apps where users can alter an apartment to show their furniture or design preferences as they walk through the space are coming — but they will take some time to get good enough to use seamlessly. “I think augmented reality will find a large audience when people can’t tell the difference between the real thing and the computer-generated image,” said Matthew Miller, founder of NYC architect...
CRETECH November 11, 2017
Commercial prices will plateau and may fall in large markets, but secondary markets will experience sustained demand and stable real estate prices, according to Lawrence Yun, National Association of REALTORS (NAR) chief economist. During a commercial real estate forecast session at the 2017 REALTORS Conference & Expo, Yun and JLL Chief Economist Ryan Severino both expressed confidence that the...