Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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.
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.
Bloomberg
The last couple of weeks have brought a steady stream of new pledges to achieve net-zero carbon emissions within the next handful of decades. China committed to it; so did Walmart Inc. And yet a report released last month by the International Energy Agency, which advises governments on energy policy, estimated that roughly half of the technologies that will be needed to get us to net zero globally by 2050 aren’t even commercially available yet. Yikes. …
Reuters
Oct 2 (Reuters) – Home rental company Airbnb Inc is aiming to raise around $3 billion in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the COVID-19 pandemic roiled the travel industry.
PlaceTech.
The global operating system for safe, flexible and human-centric workspaces, has agreed an integration deal with the Japanese tech giant to combine the Hitachi platform into spaceOS’ workspace management app.
Microsoft Azure
On our journey to become carbon negative by 2030, Microsoft is continually innovating and advancing the efficiency and sustainability of our cloud infrastructure, with a commitment to use 100 percent renewable energy in all of our datacenters and facilities by 2025. Today, we are taking a significant step toward that goal, revealing plans for our newest sustainable datacenter region in Arizona, which will become our West US 3 region….
Bloomberg
The biggest increase in the third quarter was in California’s Inland Empire — Riverside and San Bernardino counties — where effective asking rents for apartments jumped 4.4%, thanks to the boom in distribution warehouses outside Los Angeles, according to data from RealPage Inc. …
Bisnow
In February, Bisnow sat down with Dean Hopkins, newly installed chief operations officer of Oxford Properties, on the 29th floor of the Cheesegrater skyscraper in the City of London, to talk about how the company planned to overhaul the way it runs its business. Since then, things have changed pretty fast. And the time frame for that overhaul has accelerated faster than Hopkins could have anticipated.
The Real Deal
Fresh off their acquisition of a waterfront Fort Lauderdale apartment complex, Cardone and his Aventura, Florida-based firm Cardone Capital were accused of violating federal securities laws in a suit filed in federal court in Los Angeles earlier this month. The lawsuit alleges they made false and misleading statements and omitted material facts in connection with public offerings for two Cardone Capital funds totalling $100 million. …
The Real Deal
At the end of this month, the owners of tens of thousands of buildings in New York City will be required to post a letter grade based on their properties’ energy efficiency.
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REGISTRATION IS OPEN FOR EUROPE 2030: SHAPING THE FUTURE OF THE BUILT WORLD IN LONDON ON JULY 1, 2025