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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  • The pandemic real estate market

    AXIOS

    It’s not just emotional buying, real estate agents say: There are smart and strategic reasons that Americans of all ages, races and incomes are moving away from urban centers. Why it matters: Bidding wars, frantic plays for a big suburban house with a pool, buying a property sight unseen — they’re all part of Americans’ calculus that our lives and lifestyles have been permanently changed by coronavirus and that we’ll need more space (indoors and out) for the long term.

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  • A Chunk of Corporate Travel May Be Gone Forever. But How Much?

    Wall Street Journal

    Airline and hotel executives don’t ask themselves whether corporate travel will be permanently reduced due to Covid-19. They ask themselves by how much—and the forecasts look scary. While tourism is making a timid comeback, business travelers are still nowhere to be seen. In the last week of July, itineraries purchased by corporations were down 97% from a year earlier, according to Coupa Software, a California-based business-spending management firm….

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  • Companies Step Up Distribution Automation Under Pandemic Strains

    Wall Street Journal

    A handful of warehouse robots helped American Eagle Outfitters Inc. cope with a flood of online orders during coronavirus lockdowns as consumers loaded digital shopping carts with hoodies, leggings and loungewear. Now the company is stepping up its use of automation. The company is installing 26 more piece-picking robots at its main U.S. distribution centers, making it the latest company to deepen its logistics technology investments as the coronavirus pandemic upends sales channels and supply c…

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  • Moda Living signs with IoT partner Utopi for smart BTR

    PlaceTech.

    The build-to-rent developer, operator and owner has announced a partnership with technology provider Utopi to build a complete digital infrastructure and optimise smart building technology across its development portfolio. Moda said it intends to become the “first truly vertically integrated, tech-enabled BTR company” and the move would “set a precedent for other players in the space.”

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  • REI Wants to Sell Its Elaborate HQ Because of Covid-19

    Wall Street Journal

    Recreational Equipment Inc. is looking to sell its custom-made new headquarters and allow employees to work from home or other offices, the latest sign that the pandemic is driving companies to ditch central offices to raise cash. The retailer, known as REI, was poised to open the new Seattle-area headquarters this summer after creating a unique building that reflected  the company’s outdoorsy image and could serve as a way to recruit new employees. The property features outdoor staircases and b…

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  • Airbnb Quarterly Revenue Drops 67%; IPO Still Planned

    Bloomberg

    Airbnb Inc. reported tumbling revenue and mounting losses in the second quarter, but the home-sharing startup is still eyeing a stock market debut before year’s end, according to people familiar with the matter.

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  • WATCH NOW: In Case You Missed It, View VirtualAPT’s FULL Tech Demo from Reimagining Real Estate

    Virtual APT

    VirtualAPT provides digital visualization technologies that significantly reduce days on market and vacancy rates. Our autonomous robots recreate the in-person walkthrough experience by capturing 360° moving videos, bringing storytelling and real estate tours to the next level. Viewers can seamlessly navigate between amenities, units, and neighborhood locations, all within a customizable web interface. We can then layer in interactive graphics, voiceovers or digitally stage a space with Augmente…

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  • WATCH NOW: In Case You Missed It, View Smarking’s FULL Tech Demo from Reimagining Real Estate

    Smarking

    “‘Ok, how are our office assets in Boston performing vs. our multi-family locations in Dallas?’ I need to be able to do that or I’m not going to be able to make investment decisions. What’s historically been the case is, it’s hard to get data as it relates to how your parking assets are doing. Which is why I’ve been working with the team at Smarking.” – Ryan Holgan, VP Real Estate Asset Management at J.P. Morgan. Try out Smarking’s Business Intelligence free for 3-months, no risk or commitment r…

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  • Sydney’s Taronga Ventures to headquarter Asia operations in Singapore

    Taronga Group

    AUSTRALIA-BASED venture capital firm Taronga Ventures on Wednesday said it will anchor its Asia headquarters in Singapore, to expand its “real estate-focused innovation and investment ecosystem” for the region. This comes on the back of a recent close of its proptech-focused RealTech Ventures Fund in May, which attracted “significant” investment from strategic investors such as commercial real estate services firm CBRE, German real estate manager Patrizia and Australian office landlord Dexus….

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  • Vornado to Install Facial Recognition Tech Across Portfolio

    The Real Deal

    After testing facial recognition technology on users for years, Facebook will soon have to decide whether to opt in or out of facial recognition for its own employees in New York.

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