Latest Trends and Insights in Real Estate Technology

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  • Coronavirus Spikes Might Slam The Brakes On Space Reopening

    Bisnow

    The number of COVID-19 cases in certain parts of the country has risen in recent days, growing in more than 30 states, and leading to concern about whether the nascent return to office, retail and other commercial and public spaces will reverse itself. On Thursday, Texas Gov. Greg Abbott said that the state is pausing further reopenings, and ordered hospitals in the state’s largest cities (Houston, Dallas, San Antonio and Austin) to postpone elective procedures, as the number of hospitalized COV…

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  • Hostel Provider Selina’s New Funding Will Allow It to Survive Crisis: CEO

    Skift

    Selina, which provides travelers with co-working spaces, hostel-style lodging, and activities, has raised about $60 million in extra funding, sources told Skift. The startup, founded in Panama, declined to comment on the funding total but confirmed it had raised more financing “in that range.”

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  • Apple Shuts 10% of U.S. Stores Again on Virus With 14 in Florida

    Bloomberg

    The closings will affect stores across Florida, Apple said Thursday in a statement. The decision means that 16 of Apple’s 18 stores in the state have been closed again, with just those in Jacksonville and Sarasota still open. “Due to current Covid-19 conditions in some of t

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  • Microsoft says it will shut down all of its retail stores

    Business Insider

    Microsoft announced in a blog post on Friday that it would permanently close its retail stores around the world and shift its focus to online sales. The company said it would still keep some physical experience centers to serve customers at its Sydney, New York City, London, and its Redmond campuses. But the company said all stores would be closed for good….

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  • CoStar Group Announces Pricing of $1.0 Billion Senior Notes Offering

    CoStar Group

    WASHINGTON – June 24, 2020 – CoStar Group, Inc. (Nasdaq: CSGP) (“CoStar”) announced today that it has priced an offering of $1.0 billion in aggregate principal amount of 2.800% senior unsecured notes due 2030 (the “Notes”) in a private placement (the “Offering”) exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The sale of the Notes is expected to be consummated on or about July 1, 2020, subject to customary closing conditions.

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  • CBRE Group, Inc. Promotes Chandra Dhandapani to Chief Administrative Officer

    CBRE

    CBRE Group, Inc. (NYSE:CBRE) today announced that Chandra Dhandapani, its Chief Digital & Technology Officer and a member of the company’s Executive Committee, has been promoted to Chief Administrative Officer. In her new role, Ms. Dhandapani will have responsibility for the company’s Human Resources (called People), Marketing and Research organizations along with Digital & Technology, which she has led since 2016….

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  • Amazon buying self-driving car company Zoox

    AXIOS

    Amazon is buying Zoox, a self-driving car startup, its biggest move yet into autonomous technology. Amazon is paying around $1.2 billion, according to a source familiar with the price. Why it matters: While previous investments in electric truck manufacturer Rivian and self-driving tech company Aurora Innovation seemed focused on facilitating package delivery, Amazon made clear today it will help bring Zoox’s ambitious robot-taxi plan to fruition.

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  • Inside Access Control by Group337: This Just In… Michael Beckerman, CEO of CREtech with some exciting news

    Inside Access Control by Group337

    This Just In: Michael Beckerman, CEO of CREtech with some exciting news We catch up on a quick “this just in” with Michael Beckerman, CEO of CREtech on his new global consulting practice (which I also am participating in).

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  • Startup Rhino Forms Team to Pitch Security Deposit Alternative

    The Real Deal

    Rhino and other startups, including TheGuarantors, Obligo and Jetty, offer insurance as an alternative for security deposits, to free up cash that tenants can use to pay rent or other bills, and shield landlords from liability for damaged property that a security deposit is typically meant to cover. …

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  • Alphabet’s Sidewalk Labs Cuts About Half of Toronto Workforce

    Bloomberg

    Sidewalk Labs, an urban innovation unit at Alphabet Inc., has laid off about 20 people, according to people familiar with the matter. The job cuts, which amount to approximately 13% of the company’s roughly 150 employees, are mostly in the company’s Toronto operation, where about a dozen workers remain, one of the people said. …

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