AI smart cameras to become the norm for smart city applications
Smart Cities World

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Smart Cities World
TechCrunch
Thanks to major players like Amazon and Walmart, we’ve become accustomed to next- or same-day delivery. But the pandemic has also renewed our interest in buying from smaller businesses and retailers.
Fast Company
The Baldwin Hills Crenshaw Plaza mall in Los Angeles’s Crenshaw neighborhood opened in 1947, one of the first of its kind in the country. Since then, it’s looked like a typical mall, with a sprawling parking lot. But community members in the surrounding majority-Black neighborhood now want to transform the 43-acre site into something different—mixed-income housing, community gardens, and new worker-owned cooperatives, all run by a nonprofit that can return proceeds to the community. …
Bloomberg
Golf has enjoyed a minor renaissance in the U.S. during the pandemic—after all, it’s an outdoor sport, and it’s relatively easy to keep socially distant while playing. But it’s still not as hot as the warehouse boom. As investors hunt for industrial properties tethered to e-commerce, developers are buying golf courses and converting them into space for warehouses.
PlaceTech.
Altus Group has acquired debt management software provider Finance Active SAS for €106.5m. The integration of Altus and Paris-based Finance Active will enable clients to see assets, funds and debts in a single platform and simulate scenarios around loans and hedging to better manage the liabilities and risks of their investments.
CREtech+
Chris Rising, Founder of Rising Realty Partners discusses the transformation he has seen across the industry and how companies can ‘do more with less’ by adopting automation software.
Forbes
Providing housing to the more than 100 million Americans living in apartments, nursing homes, low-income housing and other rental properties has never been as straightforward as people outside of the industry might assume. Challenges surrounding compliance with housing laws, municipal codes, preventative maintenance and managing overall operational risks have always served as potential landmines to investment returns. However, property managers now have an entirely new spate of responsibilities …
The New York Times
As office vacancies climb to their highest levels in decades with businesses giving up office space and embracing remote work, the real estate industry in many American cities faces a potentially grave threat.
Smart Cities World
Wall Street Journal
Shares of companies that own shopping centers, hotels and New York office buildings were decimated most of last year but mounted a first-quarter comeback, as investors bet that a vaccine rollout can revitalize these hard-hit businesses.
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