Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Fossil Fuel Non-Proliferation Treaty
Today, Vancouver officially became the inaugural city to endorse the Fossil Fuel Non-Proliferation Treaty. Endorsement of the treaty initiative aimed at advancing an equitable transition to clean energy and low-carbon solutions passed by unanimous vote.
The Real Deal
Porch’s merger with a blank-check company will wipe out its history of losses and set the stage for massive revenue growth, according to the startup’s chief executive.
The Wall Street Journal
A $185 million consulting deal that SoftBank Group Corp. signed with WeWork co-founder Adam Neumann upon his departure last year is no longer in place, a WeWork executive chairman said.
Bisnow
Coworking operators have seen massive drops in business, as the coronavirus has prevented many from stepping foot into an office in months.
Crunchbase News
AiFi, a San Francisco-based startup that develops autonomous retail technologies, raised $14.5 million to significantly expand the number of stores that use its technology.
Gensler Research & Insight
After months of working from home, our expectations of the workplace and what it means “to work” and “be in a place” are facing an unprecedented shift.
The Wall Street Journal
Signs of pressure on New York City’s commercial properties are fueling investor bets that trouble in the nation’s largest real-estate market could spread pain nationwide.
B The Change
All too often, businesses pass on the costs of their environmentally harmful practices to the health of the communities they operate in, and many times these are already marginalized communities that are systematically disenfranchised. Take, for example, the real estate industry.
NAIOP
The rapid expansion of e-commerce sales has spurred demand for industrial real estate, including for large regional distribution centers and small fulfillment centers located in urban and suburban areas.
Facility Executive
After dropping 24% during the height of the COVID-19 crisis in May, U.S. office building electricity consumption has risen back closer to historical levels and is within about 10% of pre-pandemic levels on average, according to new national data from Hatch Data.
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