Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Wall Street Journal
U.S. employees started heading back to the office in greater numbers after Labor Day but that pace is stalling now, delivering another blow to economic-recovery hopes in many cities. The recent surge in Covid-19 cases across the country has led to an uptick in Americans resuming work at home after some momentum had been building for returning to the workplace, property analysts said.
Multifamily Executive Magazine
Starting in November, AvalonBay Communities is moving its first residents into a new concept community—Kanso Twinbrook in Rockville, Maryland—that aims to provide a luxury residential experience on a largely automated scale, with few physical amenities and no full-time staff on site
The Wall Street Journal
Stripe Inc. is teaming up with banks including Goldman Sachs Group Inc. GS -0.75% and Citigroup Inc. to offer checking accounts and other business-banking services, the startup’s latest attempt to become the internet economy’s financial supermarket.
Equiem
Retention is front of mind for many landlords, but understanding what tenants truly want is difficult. Equiem’s new Leasing Dashboards helps landlords profile tenants, anticipate future needs and formulate tailored engagement strategies aimed at long-term retention.
Building Engines
Prism is built to help owners, asset managers, property teams, leasing teams, and engineers achieve maximum net operating income (NOI) by reducing operating costs, increasing revenue, and by delivering an unmatched tenant experience, even when facing the challenges of the current CRE climate. Tune into our on demand webinar to hear Jesse Carrillo, Senior VP & CIO at Hines share his insights into the benefits of the platform as well as the Prism implementation from a global standpoint.
AlleyWatch
The experience of COVID has brought wellness top of mind along with maintaining both physical and mental health during these trying times. Hydra Studios, an operator of wellness spaces in the city launched by two Goldman alums, is looking to serve this market through its network of spaces for people to relax, workout, and recharge at convenient locations throughout the city as we began pondering life post-COVID.
GlobeSt
Prologis is noticing a distinct increase in automation adoption in its warehouses amid the pandemic. Multiple factors are converging to drive this increase in automation, it says in a recent report. The pandemic is causing greater absenteeism, which is further stressing labor availability.
National Multifamily Housing Council
In a first-of-its-kind multifamily sector survey specifically examining technology, the NMHC/One11 Advisors Apartment Industry Technology Benchmarking Report is designed to establish an industry-wide baseline understanding of how apartment companies are supporting technology and innovation in their companies, as well as what challenges and opportunities they face as they deploy technology more extensively into their systems.
The Verge
Uber’s ambitious and quixotic effort to launch a flying taxi service is coming in for a landing. According to Axios, the ride-hailing company has agreed to sell its Uber Elevate division to secretive startup Joby Aviation.
The Wall Street Journal
Let’s say you want a hamburger. With a few taps on your phone—no onions, please—the order is placed, with delivery set for within the hour. Soon, your specially wrapped burger appears on the horizon, borne aloft by a humming drone.
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