Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
The commercial real estate industry’s biggest service firms continue to slash expenses as the economic slowdown squeezes their business. JLL and CBRE recently made layoffs and budget cuts to trim costs as revenues from business lines such as office leasing and property sales continue to dwindle, according to sources and company disclosures….
CNBC
Mall owners CBL & Associates and r Pennsylvania Real Estate Investment Trust have filed for Chapter 11 bankruptcy protection, highlighting the pressures the retail real estate industry is facing because of the coronavirus pandemic….
The Wall Street Journal
New York City tech startups are reacting to the workplace upheaval caused by the coronavirus pandemic by subletting their spaces, breaking their leases and negotiating lower rents.
Bisnow
Katy Gragg knows how much a good training program can shape the experience of newcomers in commercial real estate. She went through one herself just five years ago, and she reaped the benefits of supportive senior leaders and camaraderie with fellow new hires.
Lauren
CREtech is proud to introduce our new monthly content series focused on our Global Innovation Consulting Practice. Each month we will take a deep dive on an important trend in the world of real estate technology and innovation. These themes, which are carefully selected by our world-class team of Consultants and Advisors, will then be released to our community through a series of insightful webinars, blogs and market research. CREtech Consulting Report: How the Construction Sector is Embracin…
The New York Times
At the headquarters of SL Green, a real estate company in Manhattan, employees walk the halls with masks on, line up with proper spacing for free lunch and sit at cubicles behind plastic barriers that rise up well over six feet.
Bisnow
WeWork is putting its foot down with some nonpaying members. WeWork sent 700 letters in the past month to member companies demanding payment of outstanding membership fees, with another 100 companies receiving a similar letter from external law firms, Business Insider reports….
Bloomberg
Renters have never had so many options in Manhattan. The number of apartment listings in New York’s most expensive borough has tripled from last year, the highest figure for vacancies in recent history. Asking rents in Manhattan, Brooklyn and Queens have imploded….
The Real Deal
Zillow has cut 80 jobs from its home buying and selling business, despite its big bet on the burgeoning sector. The real estate giant doesn’t disclose how many of its 5,300 employees work for Zillow Offers.
Mortgage Professional America
The COVID-19 pandemic is changing the way apartment seekers are finding their new homes. In a time of social distancing, changes to the leasing process are inevitable to improve safety, convenience, and efficiency.
Subscribe to CREtech to get our monthly newsletter curated by our editors and special event discounts and announcements.
or sign in if you're already a member