Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bloomberg
Amazon.com Inc. plans to open 1,000 small delivery hubs in cities and suburbs all over the U.S., according to people familiar with the plans. The facilities, which will eventually number about 1,500, will bring products closer to customers, making shopping online about as fast as a quick run to the store. It will also help the world’s largest e-commerce company take on a resurgent Walmart Inc.
Pulse – Connell McGill
After years of limited traction despite promising ROI, indoor environmental quality is enjoying its moment in the spotlight. However, even with the heightened attention, conversations with owners and operators have all the tell-tale signs of an “early market.”
Bisnow
A joint venture backed by Ivanhoé Cambridge has put together a €650M ($773M, £598M) funding package for a 1.4M SF office development that is being developed with no tenants lined up. And here’s the kicker — it is built entirely from wood.
The Real Deal
UPDATED: Sept. 15, 5:10 p.m.: iBuying startup Opendoor made its IPO plans official Tuesday, confirming a $4.8 billion deal with a blank-check company. The company’s merger with Chamath Palihapitiya’s Social Capital Hedosophia Holdings II will give Opendoor $1 billion in cash, the companies said. The deal values the San Francisco startup at $4.7 billion, matching its 2019 revenue….
CREtech
In this second CREtech Consulting Talks Webinar, several of our world-class Consultants and Advisors discussed how COVID-19 has caused corporations, tenants, residents and developers to rethink their entire approach to work and place making. The massive disruption in the Built World, caused by the pandemic, will have a far reaching and lasting impact on how spaces are designed, built and occupied as well as how cities are transformed as a result. Our leading experts from the worlds of smart citi…
Openpath
As states and cities begin to lift lockdown restrictions on stay-at-home orders and social distancing measures, it’s vital for companies to implement new strategies and safety precautions before returning to work.
Wall Street Journal
Facebook Inc. is buying Recreational Equipment Inc.’s custom-made new headquarters near Seattle, the latest sign that big technology companies are driving commercial real estate markets during the coronavirus pandemic.
bp
London UK, Redmond, Washington 15 September 2020 – bp and Microsoft Corp. today announced that they have agreed to collaborate as strategic partners to further digital transformation in energy systems and advance the net zero carbon goals of both companies. This includes a co-innovation effort focused on digital solutions, the continued use of Microsoft Azure as a cloud-based solution for bp infrastructure and bp supplying renewable energy to help Microsoft meet its 2025 renewable energy go…
Washington Post
On any given day, Darren Murph can wear many hats at work. He might play relocation expert, helping co-workers leaving a big city like San Francisco think through which cheaper locales have good access to broadband. He can be an executive coach, assisting senior leaders in structuring new projects in remote-friendly ways. He may serve as tech adviser (evaluating new messaging tools like Yac or Loom), communications pro (distilling work-from-home policies into remote work handbooks) or event pl…
Wall Street Journal
Over the past six months, technology investor SoftBank 9984 4.64% Group Corp. has signed more than $90 billion in deals to sell some of its most valuable holdings—most recently, U.K. chip designer Arm Holdings. Now the big question is: What will the Japanese conglomerate do with all that money?…
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