267% Increase In Demand For Suburban Flexible Offices Puts Data Behind Theory

At the height of the coronavirus outbreak this spring, when lockdown was at its tightest, average footfall in the UK’s flexible office spaces fell to just 18% of 2019 levels. But a new report shows that in spite of this, companies were still paying for their space, and the number of companies that have actually broken contracts or moved out is relatively low….

Long Concerned About Climate Change, VC Steve Westly is Feeling Electrified

A former CFO of the state of California, Steve Westly is passionate about government. The onetime eBay exec and early Tesla  board member has also been a proponent of clean energy for roughly 30 years, so he’s feeling optimistic right now, with former U.S. VP Joe Biden amassing a growing number of electoral votes and widening his lead over Donald Trump as he inches toward an election win….

ESG: Don’t Check Boxes. Make Progress.

Property teams serve on the frontline of both tenant relations & services and building operations & maintenance, while also bearing responsibility for reporting and taking action on ESG. Join Bractlet for a discussion with industry experts on what it takes to get the job done on ESG amidst the other obligations associated with their role.

Smaller Is Big in New E-Commerce Warehouses

A robot army is doing training drills in a narrow warehouse by the Brooklyn-Queens Expressway. Behind loading-dock doors covered in graffiti, the chunky metal machines navigate a 23-foot-tall structure stacked with blue plastic bins, sliding up, down and across metal racks as they select bins and move them to the warehouse floor.

Mubadala Leads $700m Funding Round for US Tech Start-up

Mubadala Investment Company, Abu Dhabi’s strategic investment arm, led a $700 million funding round for start-up Reef Technology as it continues to pivot its portfolio to the technology sector.

The Disconnect Between PropTech Teams and End Users in Commercial Real Estate

The CRE technology benchmarking survey focused on “back-of-house” operations. There were a range of insights, but one theme stood out. That is, the lens through which CTOs and “PropTech” teams are evaluating technology does not necessarily match conditions on the ground for end users….

Logical Buildings Partnered with UDR to Win the NAA 2020 Technology Innovation Award

Partnering with Logical Buildings, UDR (UDR:NYSE) deployed Logical Buildings’ SmartKit AI smart building and sustainability platform at their iconic View 34 property in NYC to utilize the award winning technology to provide real-time building energy consumption via a simplified mobile application and dashboard.

Opendoor Names GoDaddy’s Andrew Low Ah Kee President

Opendoor is shaking up its C-suite — again — ahead of its closely-watched IPO. On the heels of naming its first chief investment officer, the iBuyer tapped GoDaddy executive Andrew Low Ah Kee as president, co-founder and CEO Eric Wu said in a blog post.

Building a Green Real Estate Portfolio

Offices Probably Won’t Shrink Much After The Pandemic, But Density Will

People are starting to slowly trickle back to Houston’s office buildings, but for many companies, the question of how much space they will need in the future is still under discussion.