Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
PlaceTech.
New York City landlords risk facing more than $10bn of fines per year if they fail to cut carbon emissions ahead of strict limits coming into force in 2024. Local Law 97 requires most buildings larger than 25,000 sq ft in New York City to cut their carbon emissions by 40% by 2030, rising to 80% by 2050, or face a fine of $286 per excess metric tonne.
HqO
Chase is joined by HqO’s COO, Dan Koh. They cover Dan’s career path from being a narc for the Andover Police Department to working as Chief of Staff for Arianna Huffington and Boston Mayor Marty Walsh. Dan has some great insights on the importance of relationship-building and what it means to be a chief of staff/COO.
Edge
Last month the EU Green Deal was finally fully outlined, bringing an end to the speculation of what becoming carbon neutral by 2050 will actually mean for many industries. Looking at the ten main areas covered by the deal, including real estate, Coen van Oostrom, founder of leading sustainable real estate developer EDGE, outlines what he feels is important to take on board. From the specifics mentioned in the deal, to the fact that politicians, further legislation, real estate and development it…
The Real Deal
Claure, who is also CEO of SoftBank Group International and executive chairman of WeWork, made the announcement on Miami Mayor Francis Suarez’s Cafecito Talks series, streamed live Wednesday on Twitter.
Fast Company
It’s official: The United States is recommitting to dramatically reducing greenhouse gas emissions and capping global warming under 1.5ºC. In doing so, the federal government now rejoins nearly 4,000 U.S. businesses, cities, counties, states, and tribes that declared “We’re Still In” following the United States’s previous withdrawal from the agreement. So how do we make progress while also managing through a global pandemic? We need to talk about buildings. …
CNBC
When Macy’s Chief Executive Jeff Gennette explained at an investor meeting in early 2020 that he saw a “bifurcation of malls” shaping up, with the state of lower-tier shopping centers continuing to “decline rapidly,” he didn’t have anything bad to say about so-called A-rated malls.
Wall Street Journal
WeWork is in talks to combine with a special-purpose acquisition company, according to people familiar with the matter, a deal that would usher the office-leasing company into the public markets more than a year after its high-profile failure to stage a traditional initial public offering.
CREtech
Investors and CRE professionals have begun understanding the near- and long-term implications of the global pandemic on real estate assets and on their portfolios. As leading investors begin to reactivate their investment strategies, many are instituting new standards to invest smarter, increase productivity, and grow their business — resulting in better financials, communication, and management of assets.
NY Post
Employees have been working from their homes for so long, some companies are planning offices that will look more like home. “Nobody wants the stainless and bright white,” declared Craig Deitelzweig, CEO of Marx Realty, of the tenants that have been touring their buildings’ pre-built offices. “Instead, they want their office to be like their family room or hotel, with finishes that make them feel embraced and comfortable.”…
Bisnow
Software company LogMeIn had most of its 3,500 workers commute into the office daily before the coronavirus pandemic. Going forward, almost none of them will. After seeing their employees could be productive at home, LogMeIn’s executives in October introduced a long-term, remote-centric work strategy that will have roughly 3% of its employees coming into the office every day….
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REGISTRATION IS OPEN FOR EUROPE 2030: SHAPING THE FUTURE OF THE BUILT WORLD IN LONDON ON JULY 1, 2025