Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GlobeSt
In a contract, “time is of the essence” means you’d better get a move on because failure to meet a deadline becomes a breach. While valuing potential investments, there’s not usually a contract in question yet. But time remains of the essence in today’s market. With so much money available to investors and, often, relatively few properties in the chase, those who hesitate are left without a deal.
Bisnow
Office occupancy continues to rise week-over-week, but at less than 40% of pre-pandemic levels in 10 of the country’s largest markets, office owners aren’t sleeping soundly just yet. And a new study might have them catching even fewer winks. As much as 70% of U.S. office buildings face a loss in value in the near future, including roughly 30% of the nation’s inventory, or about $1.1T worth at current valuations, facing complete obsolescence, according to a new study by real estate consult…
The Real Deal
Digital mortgage lender Better.com cut roughly 3000 employees, or about a third of its staff, citing lower demand for its services in a rising interest rate environment.
RealNex
RealNex, a commercial real estate technology company, announced today it has been selected to provide its RealNex Navigator solution to the rapidly growing KW Commercial (KWC) organization. KWC has more than 2,400 agents operating out of 790 affiliate offices across North America and in 24 countries throughout the world. KWC intends to leverage the RealNex technology foundation to support the growth of their commercial footprint globally, the success of affiliates and the productivity of agents….
Bisnow
Months into the pandemic, special-purpose acquisition companies exploded in popularity before fizzling out in the spring of 2021. But the repercussions of that brief boom are yet to come. …
CREtech
Daniel Fetner, General Partner at Alpaca Ventures, takes us through Alpaca’s latest field studies focusing on virtual real estate and Propco/Opco structures.
Forbes
On July 4, 2020, the Cooper family started a journey they will never forget. The couple, Dave and Jennifer, had already dedicated themselves to housing and the progress and evolution of better construction techniques, but decided to level up during Covid by buying a motorhome to tour the country to find the most compelling case studies and bring them to the rest of the world.
CREtech
Join us in London on 27th – 28th April for two days of the most exciting in-person event in the world of real estate technology and innovation. No other event brings together so many landlords, asset managers, brokerages, construction companies, tech startups, venture capitalists, thought-leaders, and more all under one massive roof.
Smart Cities World
Ayyeka’s AI Data Curator is designed to detect, report, and automatically fix Internet of Things sensor data for better decision-making and compliance.
GlobeSt
Dodge is currently forecasting $53 billion of construction starts in the US warehouse/distribution center market in 2022, up 1,400% since 2010 and representing over one-third, or 36%, of the entire US commercial construction sector this year. Driven by strong consumer demand in the economy and the explosion of e-commerce retailing, these facilities are deploying sophisticated technologies to optimize performance and respond to changing demands.
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