Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Connect CRE
When looking at the inroads being made by proptech into commercial estate, “Too much is made about how many venture dollars are going into the space,” says Michael Beckerman, CEO of CREtech, the world’s largest platform devoted to commercial real estate technology. “That’s not the right barometer.”
CREtech
New York, NY (September 26, 2022) — CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, has announced a new Climate Panel session for its upcoming flagship conference, CREtech New York, on October 12-13. The panel session ‘Top Real Estate Companies Embracing Sustainability’ will take place on Day 2 of the conference at the all-new Climate Pavillion from 1pm – 1:40pm. The Climate Pavilion will feature leaders discussing …
CREtech
New York, NY (September 26, 2022) — CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, announced today that speakers from Bozzuto, CBRE, EQ Office, PGIM Real Estate, Prologis Ventures and UDR will join the speaker lineup for CREtech’s flagship conference and largest real estate technology conference, CREtech New York, this October 12-13. Nearly 2,500 real estate professionals from around the world are expected to attend C…
JLL
JLL announced that Flex by JLL, its enterprise-grade flexible space solution, has entered into a leasing agreement with Manulife US Real Estate Investment Trust (“MUST”) for the opening of a 15,407-square-foot flex office and coworking space at 500 Plaza Dr. in Secaucus, New Jersey. This opening will mark the first official ground-up Flex by JLL space to come to market in the U.S.
Bloomberg
Compass Inc. cut more jobs, part of cost-reduction moves by the real estate brokerage as it aims to turn a profit even in a weakening US housing market.
PlaceTech.
Nearly a quarter of CEOs in the sector earn $250,000 or more per year, according to a survey by LMRE and Fifth Wall. While salaries in top roles can be high, they also vary significantly. Some 17% of CEOs and presidents earn between $30,000-$50,000.
Wall Street Journal
Adam Neumann’s new rental-apartment startup recently received a $350 million investment from venture-capital firm Andreessen Horowitz. That big check came with an unusual catch.
Globe Newswire
HqO and Building Engines, the world’s leading workplace experience and building operations companies, today announce they are furthering their partnership through integrating Building Engines Prism with the HqO Workplace Experience Platform. The news follows the companies’ initial partnership announcement last year, and enables workplace experience managers of commercial real estate (CRE) companies to increase operational efficiency and tenant satisfaction through key building app features like …
Sway Ventures
Sway Ventures announced that multi-decade commercial real estate operator and former Blackstone backed, EQ Office CEO, Lisa Picard has joined the firm as a Partner. Picard adds to the PropTech team at Sway Ventures, which includes Ray Wirta, former Chairman of CBRE, as well as advisors including Doug Holte, CEO for Hines Global Innovation & ESG; Stephanie Fuhrman, former MD of Innovation at Greystar; and Mollie Fadule, Chief Financial & Investment Officer at JPI Companies; among others.
Modulous
Modulous’s Series A is rare example of a tech firm increasing its valuation as global markets slide – a testament to growing interest in companies that help decarbonise real estate The Modulous software platform automates design, costing and programming – meaning developers, architects and contractors can figure out pricing and decide whether a site is viable in hours not weeks Firm aims to partner with developers, public housing providers, architects and construction firms offering them…
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