Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Axios
It’s time to polish our gleaming vision of urban environments where internet technology makes everything from finding a parking space to measuring air quality a snap. The Biden administration’s Cabinet appointees are likely to be champions of bold futurism in urban planning — which could mean that smart infrastructure projects, like broadband deployment and digital city services, get fresh funding and momentum.
PlaceTech
The Trinfico Investment Group together with PropTech Russia have agreed to create a venture capital company, called Proton Capital, aimed at attracting investments in technologies that ensure the innovative development of the real estate sector in Russia. The first Proton Capital fund will be 3 billion rubles, around $40m, and bring together influential Russian and foreign development and investment companies.
Microsoft
Dedicated to creating “live, work, and play” ecosystems, Brookfield Properties is one of the world’s largest and most innovative commercial office landlords. Before building its state-of-the-art One Manhattan West (OMW) property, it recognized an opportunity to use a digital twin to lower costs, save energy, and offer differentiated experiences to its tenants.
The New York Times
Ever since the housing market has emerged from its pandemic-driven freeze in late spring, there has been a frenzy of home buying and a sharp rise in prices. The common explanation is that the pandemic has swollen the ranks of those who need more private space for work and play and safety, typically farther from urban centers.
Microshare
Join Michael Moran and his special guest, Michael Beckerman, the CEO of CREtech, as they examine the impact of COVID-19 on the commercial real estate sector as well as the state of adoption in the industry of smart building technologies.
Bisnow
Midtown — the epicenter of Manhattan office, retail and hospitality — has seen a stark transformation over the past eight months. The hundreds of thousands of office workers and tourists who used to fill the streets and businesses every day now only trickle down the hallowed corridors of Fifth Avenue, Park Avenue, Madison Avenue and Broadway.
CBRE
CBRE today announced the launch of Office Ready, a new end-to-end solution from Project Management that takes the complexity out of office buildouts so organizations can focus on their business, not their real estate. “Office Ready combines CBRE’s unique perspective and insights on the future workplace with real-world applications,” said Jim Dobleske, Global President of Project Management.
The Wall Street Journal
Struggling shopping malls are finding an unexpected boost from bargain-hunting retail operators. Such was the case in Stamford, Conn., where the Stamford Town Center mall lost popular tenants like H&M, Apple Inc. and Talbots to a competing shopping center that opened last year only 8 miles away.
Bisnow
Coming from a background in private equity and technology, Cherre CEO and co-founder L.D. Salmanson’s adjustment to commercial real estate’s slow pace hasn’t been easy. “Real estate, for the most part, is not a fast-moving industry, and it forces you to be more patient and supportive of long-term initiatives,” Salmanson said.
The New York Times
Salesforce has approached Slack about a deal, DealBook hears, confirming a report in The Wall Street Journal. A takeover could be announced as soon as this week. The potential deal is a bet on remote working, an area that bankers tell us will be a hot spot for consolidation in the months ahead, as highly valued software companies look to roll up the fragmented market for collaboration tools….
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