Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GlobeSt
In recent years, the tech industry has pledged billions of dollars to fund affordable housing developments in its back yard. These funds are championed by companies such as Google, Facebook, Salesforce and Microsoft as a way to remedy the housing crisis that is driven in part by these companies’ explosive growth and wealth creation.
Bisnow
You couldn’t dream up a worse kind of crisis for co-living than the coronavirus pandemic. For a sector that sells itself on bringing people together, a virus that means we have to stay away from each other is a nightmare. Yet pushing against the fear of other people is a factor that works in co-living’s favour: the fear of loneliness, the isolation felt by those living alone during lockdowns….
LA Business Journal
It’s no secret that the hospitality industry has been hit hard by Covid-19, which has forced many hotels to temporarily close and others to permanently shutter. But one type of hospitality property is faring better than others: extended stay hotels and residences.
Bloomberg
The 61st-floor terrace of the Chrysler Building, the Jazz Age wonder of the New York skyline, is studded with massive steel eagles. On a misty October night, Aby Rosen, the German-born investor who’s redeveloping the building, leans against a railing beside one of the birds. It’s beginning to drizzle, but Rosen, who has long white hair and alert blue eyes, is in an ebullient mood.
PBC Today
Man GPM has agreed a £31m deal with modular housing company ilke Homes for a 14.6-acre site in Grantham that has detailed planning consent for 227 homes. The deal will see the delivery of an affordable and inclusive mixed tenure modular housing community on Dysart Road in Grantham.
Yahoo
Using IoT sensors, video cameras and social media, smart cities could help to improve the lives of their citizens drastically in many ways.
JLL
The COVID-19 pandemic has accelerated what we anticipated would be the future of work: the hybrid workplace. Employees who can work independently now expect the flexibility to work from anywhere even post-pandemic. In a recent JLL survey, 72% of employees expressed a desire to split their time between the office, home, or on-the-road into 2021 and beyond….
PlaceTech
The Access Group, a £300m turnover software provider, has acquired construction specialist EasyBuild for an undisclosed sum. Building on the acquisition of ConQuest in 2018, Access said the addition of EasyBuild provides it with the most comprehensive set of software solutions in the industry….
The Wall Street Journal
Private-equity firm Thoma Bravo LP has struck a deal to buy property-management-software provider RealPage Inc. RP 28.75% for $9.6 billion, in one of the largest recent leveraged buyouts. Thoma Bravo is paying $88.75 per share for the company, a 31% premium to RealPage’s closing price Friday of $67.83, officials at the firms said….
Michael Beckerman
What a year. The most challenging for me personally in my 30+ year career. At CREtech, we ended 2019 on a high note… setting company sales records and accomplishing many professional growth objectives I had personally set for myself. And then, in what seemed like an instant, it all came crashing down. Some really, really hard choices had to be made, which as the CEO, is the worst part of my job. But we fought hard. We acted quickly and decisively. Our core team came up with some really…
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