Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Fast Company
Offices around the U.S. are sitting empty, as the pandemic has forced many employees to work from home. Some of these offices will eventually come back to life, but others may lay fallow indefinitely.
TechCrunch
In the wake of COVID-19 this spring, construction sites across the nation emptied out alongside neighboring restaurants, retail stores, offices and other commercial establishments. Debates ensued over whether the construction industry’s seven million employees should be considered “essential,” while regulations continued to shift on the operation of job sites. Meanwhile, project demand steadily shrank.
Los Angeles Times
Before the pandemic, software engineer Allen Dantes commuted every day from his apartment in Mar Vista to the Playa Vista headquarters of ChowNow, about four miles away. The online food-ordering platform sent employees home in March until further notice, leaving Dantes, 27, to work from the small two-bedroom apartment he shared with his girlfriend.
CREtech
Potomac, MD Curbio, the leading pay-at-closing home improvement company for Realtors® and pre-listing projects, today announced $25M in financing to support rapidly growing demand for their services.
Fast Company
In a parking lot next to a hospital in an Atlanta suburb, dozens of modular critical care units—made in a factory and delivered by truck—are being installed to help add space as COVID-19 cases continue to grow.
JLL
JLL’s EMEA CEO Guy Grainger will move into a new role as Global Head of Sustainability Services & ESG with effect from January 1, 2021. The new senior role reflects the company’s ongoing strategic focus on expanding its already substantial sustainability services capabilities.
TechCrunch
Autodesk, the U.S. publicly listed software and services company that targets engineering and design industries, has acquired Norway’s Spacemaker, a startup that has developed AI-supported software for urban development.
The Wall Street Journal
Companies are wary of reopening offices due to the risk of exposing employees to Covid-19. They are also worried about their own legal exposure should staff get sick.
The Real Deal
RXR Realty is planning to raise $1 billion to invest in sectors the firm thinks will thrive after taking a hit from the pandemic. The firm is talking to potential investors about its RXR Real Estate Market Dislocation & Mega-Trends Fund, Bloomberg News reported.
Bisnow
With cloud technology advancing at a brisk clip, artificial intelligence has become something of a double-edged sword for data centers. Advanced algorithms are placing new demands on servers, requiring heightened power, space and cooling in data centers.
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