Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Revathi Greenwood, Global Head of Data and Insights at Cushman & Wakefield dissects how to effectively approach data to make informed strategic decisions, and how migration patterns, work from home, and stimulus packages are affecting the future of real estate.
Axios
Tech’s biggest companies are ramping up competition for the real estate between your hand and your elbow.
Axios
Many tech startups are choosing to keep employees working from home and are pivoting to planning several elaborate company retreats per year to allow employees to meet and bond, the Wall Street Journal reported this week….
Yahoo Finance
(Bloomberg) — Frank McCourt, the billionaire real estate mogul and former owner of the Los Angeles Dodgers, is pouring $100 million into an attempt to rebuild the foundations of social media. The effort, which he has loftily named Project Liberty, centers on the construction of a publicly accessible database of people’s social connections, allowing users to move records of their relationships between social media services instead of being locked into a few dominant apps.
Commercial Observer
New York City property owners are pouring money into myriad new technologies that manage the construction process, control building access, and lower energy consumption.
The New York Times
As the national economy recovers from the pandemic and begins to take off, New York City is lagging, with changing patterns of work and travel threatening the engines that have long powered its jobs and prosperity. New York has suffered deeper job losses as a share of its work force than any other big American city. And while the country has regained two-thirds of the positions it lost after the coronavirus arrived, New York has recouped fewer than half, leaving a deficit of more than 500,000 j…
Smart Cities World
Virginia is launching what claims to be the US state’s first smart city testbed, in partnership with Stafford County, Virgina’s Centre for Innovative Technology (CIT) and technology provider Mutalink. This public/private partnership is funded by the US Department of Homeland Security (DHS) Science and Technology Directorate (S&T) that aims to foster community-driven innovation that improves emergency response.
The Wall Street Journal
Austin Clements was ready to give up. He’d quit his job in venture capital in 2019 to try to launch his own fund giving early-stage money to tech startups founded by entrepreneurs of color, but investor interest was slim. Last June, he and his co-founder figured that before throwing in the towel, they’d write one final mass email to anyone they’d ever pitched or spoken to about their fund—a group of around 300 people—asking for support.
Architect Magazine
On June 7, the high-profile AEC startup Katerra filed for bankruptcy, having spent more than $2 billion in just over six years. Its insolvency concludes the most well-funded attempt to redefine the architecture and construction industries through modular design, prefabrication, and supply-chain integration.
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