Kathleen Stubbs new JLL CIO
CIO
Former Knight Frank exec, Kathleen Stubbs has joined large property group, JLL as its new chief information officer. Stubbs replaces Andrew Clowes, who left the organisation in 2019 after being CIO for 10 years.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Alibaba’s Secret Three-Year Experiment to Reinvent the Factory
Bloomberg
After helping more than a million brick-and-mortar Chinese retailers modernize their operations, Alibaba Group Holding Ltd. has now set its sights on a new target: the country’s outdated factories.
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JLL And CBRE Make Budget Cuts
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….
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America’s Malls Under Pressure: CBL, Pennsylvania REIT, File for Bankruptcy
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….
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Tech Startups Rethink Office Space and Culture
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.
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CRE’s Next Generation: Transwestern’s Katy Gragg On How Better Training And Technology Will Guide The Future Of CRE
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.
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CREtech Consulting Report: How the Construction Sector is Embracing Technology
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…
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These Are The Perks Companies Use To Get Workers Back To Their Offices
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.
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WeWork Demands Payment From 800 Members, Threatens Collections
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….
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Where Rents Are Falling, And Where They Are Rising
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….
