Shares of Joshua Kushner’s Oscar Health Fall in Debut

Shares of health insurer Oscar Health Inc. fell 11% Wednesday, the company’s first day of trading on the public markets and during a massive year for initial public offerings. The New York-based company’s stock made its debut at $36, compared with its initial public offering price of $39 a share. Shares on Wednesday closed at $34.80, valuing the company at $8.7 billion based on 250 million shares outstanding.

Empty Office Buildings Squeeze City Budgets as Property Values Fall

WASHINGTON — At a meeting with Treasury Secretary Janet L. Yellen last month, Jeff Williams, the mayor of Arlington, Texas, laid out his grim economic predicament: Heavy spending on coronavirus testing and vaccine distribution had dwarfed dwindling tax revenue, forcing the city to consider painful cuts to services and jobs. While sluggish sales and tourism were partly to blame, the big worry, Mr. Williams said, is the empty buildings.

After A Year Of Working From Home, The COVID Office Shakeup Is Just Getting Started

Over the last year, workers have heard the constant refrain: Adaptation is everything. The unprecedented workplace situations and scenarios unleashed by the coronavirus pandemic have accelerated remote work, emptied out traditional offices and even led many workers to relocate.

For multifamily, office landlords, worst is yet to come: Moody’s

For landlords across different commercial real estate sectors, Moody’s Analytics has some potentially distressing news: The worst may be yet to come. A new report by the economic research firm looks at the state of commercial real estate in the wake of the pandemic, and what to expect in 2021.

The Value of Innovation, Part 1 is LIVE on CREtech+

Will O’Donnell, Managing Partner at Prologis Ventures, reveals Prologis Ventures’ approach to technology and innovation, what types of tech solutions are of the most value to the company, and the biggest challenges he, and the industry is facing in implementing new tech.

BIG INTERVIEW: Matterport

Digitalising the entire built world, creating 3D ‘digital twins’ of every building in existence, is a monumental task but one Matterport is on a mission to complete. Years of growth – and a busy 2020 in which Matterport nearly doubled the number of spaces it’s captured, launched an iPhone app and grew its customer base six-fold – culminated in the most significant deal yet for the business.

Douglas Elliman Parent Company Vector Group Launches PropTech Investment Venture

Vector Group Ltd. (NYSE: VGR) today announced the launch of New Valley Ventures, an investment vehicle seeking opportunities in next-generation technologies in the property technology (PropTech) space. New Valley Ventures will invest in promising PropTech startups committed to supporting rapid transformation of the real estate industry for the benefit of the agent experience.

Facing a $40 billion shortfall, U.S. transit agencies jump into real estate

The pandemic has been devastating for public transit. According to the American Public Transportation Association, transit ridership in 2020 was down 79% nationally compared to pre-pandemic rates. And though no public transit agencies in the United States get all their revenue from ridership alone, the shortfall of riders is putting many transit agencies in a bind. Agencies face a collective budget shortfall of nearly $40 billion through the end of 2023. …

Registration Open for CREtech Climate Webinar to Discuss Decarbonization and ESG Efforts in the Real Estate Industry

New York, NY (March 3, 2021) — CREtech Climate (cretechclimate.com), a new platform devoted to educating and inspiring investment in climate tech, sustainability, and ESG throughout the Built World, has opened registration for their first webinar in a series of virtual events planned for 2021. The webinars will bring together a collection of well-versed industry experts who will share insights on how to address the climate crisis. By including speakers from different roles within the real estate…

Ushering in new era of smart buildings and healthcare for Singapore