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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  • Fidelity Investments Tries Collaboration Via Virtual Reality

    Wall Street Journal

    As coronavirus lockdowns drag on, IT leaders are feeling hard-pressed to keep collaboration fresh among their remote workforces through video chat and other digital tools. So some are turning to virtual reality. Fidelity Investments Inc., the financial services firm, has been exploring how virtual reality could be used to build workplace relationships among new employees working remotely. In May, it shipped brand-new virtual reality headsets made by Pico Interactive Inc. to more than 140 employe…

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  • BlackRock plans Asia Pacific growth via New Green Power acquisition

    IPE Real Assets

    BlackRock Real Assets has entered into an agreement to acquire a majority stake in Taiwanese solar energy firm New Green Power (NGP), in a deal which supports BlackRock’s commitment to investing across Asia Pacific. This is BlackRock’s third investment in NGP, but, as with its previous deals with NGP, the value of the latest transaction was not disclosed.

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  • Once a Hotel Suite, Now an Office Space

    The New York Times

    After tourists stopped arriving this spring, the 607-room property transformed into housing for doctors and nurses treating coronavirus patients. When they checked out, the high-rise began offering blocks of rooms as office space. And with its reopening this month, the InterContinental will again play office landlord, this time on a suite-by-suite basis.

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  • Dotcom Trailblazer Is Now Betting on Green Energy

    Wall Street Journal

    Bill Gross bet early on the internet and got rich with a stable of startups. He’s hoping to be right a second time in staking his money and reputation on green energy. The pandemic, by decimating oil demand, crashing prices and challenging the economics of some fossil-fuel projects, has accelerated some industry moves toward low-carbon energy. In Mr. Gross’s view, it has also leveled the playing field for green energy’s drive to displace fossil fuels.

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  • Americans might never come back to the office, and Twitter is leading the charge.

    The Washington Post

    From his home base on the Hawaiian island of Kauai, Anton Andryeyev is running Twitter’s efforts to chase Russian bots and other rogue actors off the platform. A year ago, he traded his office in the company’s San Francisco headquarters for this tropical home office 2,000 miles away, surrounded by stand-up paddle boards and a monitor large enough to see his entire 25-person engineering team all at once.

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  • Data is one key to unlocking a net-zero world

    Estates Gazette

    The built environment plays a significant role in carbon emissions, which means we have both a responsibility and an opportunity to make a difference. As a business we have committed to becoming net zero by 2030, and we’ve done a lot of work to identify how we’re going to achieve that, from working with occupiers to reduce their emissions to changing how we design and build to decrease embodied carbon emissions in the development process.

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  • WATCH NOW: WorkSpace’s FULL Tech Demo from the Reimagining Real Estate Sustainability Summit

    WorkSpace

    WorkSpace is an Asset and Portfolio Operating Platform that provides centralized visibility into the financial and operational life of your investments. With an elegant, simple interface, it removes the friction between assets, data, and people. We’ve built a better way to manage real estate, with as few clicks as possible and give you the ability to make better decisions, faster.

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  • Azora backs Fifth Wall’s maiden Euro fund

    PlaceTech.

    The Madrid-based European private equity real estate manager has become an investor in Fifth Wall’s first European Real Estate Technology Fund. Los Angeles-based Fifth Wall is the largest venture capital firm specialising in proptech and has one of the leading strategic advisory platforms focused on real estate technology.

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  • Lime and Scoot veterans have built Ridepanda, a one-stop micromobility marketplace

    TechCrunch

    Chinmay Malaviya and Charlie Depman found themselves at the center of the shared micromobility industry just as it took off, working for companies like Bird, Lime and Scoot. They experienced a rollercoaster ride of venture funding and skyrocketing demand, product pitfalls and regulatory hurdles. It was in the midst of this activity that the pair noted a shift in the industry and an opportunity.

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  • Coworking, Staycations, Drag Shows: How Hotels Are Drumming Up New Revenue Streams

    Bisnow

    With the coronavirus pandemic freezing international, business and convention travel, many hotels are turning to a group of consumers they’ve never before relied upon for revenue: local residents. That has led many hotels to come up with new ways to appeal to consumers who live nearby, from marketing wellness staycation packages and hosting online seminars to establishing coworking operations for freelancers and small businesses.

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