Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The New York Times
The pandemic is expected to drastically reshape commercial real estate, leaving thousands of vacant and underused spaces nationwide. But some developers and investors are keen to seize the chance to convert those properties into other uses.
Wall Street Journal
As autonomous trucking edges closer to market, technology providers and their potential customers are testing competing strategies for how driverless big rigs could help them make money in the real world. Several startups are building out prototype fleets and hauling freight for big shippers that hope autonomous trucks could help cut transportation costs and speed up deliveries. Other companies with self-driving trucking technology are trying to plug into existing operations, striking agreements…
The Real Deal
In conjunction with the deal, Mosaic said it closed a $14.25 million Series A led by Andreessen Horowitz, bringing its total funding to $24.75 million since 2015. Other investors in the round included Founders Fund, Thrive Capital and Greylock Partners.
CNBC
In a first for the company, the Whole Foods store will be permanently online only, charged with fulfilling online grocery orders for customers in the Brooklyn area, Amazon announced Tuesday. The store, which opens on Tuesday, is located in Brooklyn’s Industry City complex, based in the borough’s Sunset Park neighborhood.
Wall Street Journal
Real-estate searches are looking a lot different lately. For years, home values have been greatly influenced not only by finished square footage and acreage, but also by walk scores and community. The pandemic is turning those factors on their head—at least for now.
MRI Software
Alpharetta, GA and Solon, OH – September 1, 2020 – MRI Software (“MRI”), a global leader in real estate software solutions, and Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority”), a leading provider of merchant acquiring, integrated payment software and commercial payment solutions, have entered into a strategic agreement in real estate payments.
Multi-Housing News
With some of the largest tech players such as Facebook, Google and Microsoft bolstering their presence in Seattle, the city’s affordable and workforce housing inventory has always been tight. When we add coronavirus-induced unemployment to the mix, this segment of the housing market is definitely under a lot of pressure, particularly since the majority of the supply added during the past few years has catered to high-income residents….
The New York Times
Impact investments are outperforming traditional bets in the coronavirus crisis, which may be a turning point for wealthy investors looking to generate change.
GlobeSt
Many businesses implemented hybrid IT infrastructure to improve their remote working capabilities and streaming content providers also saw increased viewership due to the pandemic. The data center market has remained resilient throughout the first half of 2020, due in large part to the critical role they play in business continuity.
Mountain View Voice
Google announced on Tuesday a proposal to build more than a million square feet of offices and up to 1,850 new homes in the East Whisman area of Mountain View, creating an entire neighborhood in the center of a sprawling office park.
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