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
Tech, catering and design companies are rushing to sell employers on fever scanners, box lunches and office floor-planning apps for social distancing. But it’s too soon to tell if they will work.
Wall Street Journal
Amazon. AMZN +1.54% com Inc. is launching a $2 billion internal venture-capital fund focused on technology investments to reduce the impact of climate change, the latest sustainability initiative from the technology giant after criticism of its environmental record….
Bloomberg
Airbnb Inc.’s recovery from the travel slump caused by Covid-19 has been so swift that the startup’s much-anticipated stock listing is still on the table for 2020, Chief Executive Officer Brian Chesky said.
CREtech
The effects of Covid-19 are well known to all of us – both personally and professionally. While there is a host of content attempting to predict what a post-covid world – a ‘new normal’ – for retail marketing will look like, we take a step back. Our webinar, co-hosted by ATYPICAL, a full-service marketing agency operating exclusively in the commercial real estate sector, will unpack how a global pandemic has shifted the way retail owners and operators are both connecting with their tenants and m…
The Real Deal
In a post-Covid world, VTS is betting on remote leasing. The New York startup launched its much-hyped VTS Market on Tuesday as an online marketing platform where owners and brokers can see office listings, take digital tours and, eventually, complete the entire leasing transaction.
EU-Startups
UK proptech Propoly, an integrated lettings platform, launches with a new investment of around €2.2 million behind them, in a round led by Foxtons Plc, Countrywide Plc, Seedcamp and Pi-Labs, as reported by UKTN. Founded in 2014, Propoly’s lettings platform reduces admin, maximises revenue and provides transparency to all parties involved. Letting agents can track all of their properties in one place, handling every step of the renting process from digital deposit registration to utility switchin…
The Real Deal
As lockdown restrictions begin easing in the U.S., the Malibu beachfront property owned by Soho House, a private members club for the jet-set, has reportedly begun to reopen. That’s good news for the company, which also secured an investment of $100 million from new and existing shareholders, Sky News reported.
PR Newswire
LOS ANGELES, June 22, 2020 /PRNewswire/ — Fifth Wall, the largest venture capital firm focused on innovation for the global real estate industry, is proud to announce it is now a Certified B Corporation or “B Corp”. Using the power of business to build a more equitable and sustainable economy, Fifth Wall strives to align with many B Corp business objectives, such as facilitating an inclusive environment to build stronger communities, as well as creating a healthier environment by committing to …
Supply Chain Dive
In the U.S., e-commerce spending grew 93% year over year in May, according to a report from MasterCard. Following the pandemic and stay-at-home orders, it is a trend that experts expect to continue going forward. Prologis’ conclusion that the pandemic will increase demand for industrial real estate space is in line with another report released last month by commercial real estate company CBRE, which cited e-commerce, as well as companies looking to avoid disruption by relocating storage and manu…
Wall Street Journal
New York City will allow companies to reopen their offices on Monday after a three-month lockdown from the pandemic. Few employees seem ready or willing to go back. Most companies are taking a cautious approach. Some are keeping offices closed, while others are opening them at reduced occupancy and allowing employees to decide if they prefer to keep working from home. Mary Ann Tighe, chief executive for the tri-state region at real-estate services firm CBRE Group Inc., said many New York City cl…
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