Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

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Google acquires smart glasses company North, whose Focals 2.0 won’t ship

TechCrunch
6/30/2020

Google confirmed today via blog post that it has acquired Canadian smart glasses company North, which began life as human interface hardware startup Thalmic Labs in 2012. The company didn’t reveal any details about the acquisition, which was first reported to be happening by The Globe and Mail, last week. The blog post is authored by Google’s SVP of Devices & Services Rick Osterloh, which cites North’s “strong technology foundation” as a key driver behind the deal….

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SoftBank’s Katerra Lays Off 7% Of Staff As Cuts Continue

Bisnow
6/30/2020

The decision follows a series of changes made by the company this year, including previous layoffs, as it enters what newly installed CEO Paal Kibsgaard said is a new phase for the company. “Katerra is entering a new chapter as we look to accelerate our path toward becoming a self-sufficient, profitable business,” Kibsgaard said in a statement.

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In case you missed it, watch the full video of CREtech Talks: The Future of Retail Marketing

CREtech
6/30/2020

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.

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Insurer Lemonade seeks up to $284M in July IPO

The Real Deal
6/29/2020

Will Lemonade’s IPO be sweet or sour? Renters and homeowners insurance company has yet to book profit.

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‘The Propcast’ in partnership with the UK PropTech Association (UKPA): by Louisa Dickins

The Propcast
6/29/2020

Propcast by Louisa Dickins, Co Founder of LMRE the leading Global PropTech recruiter brought to you in partnership with UKPA . This show will focus on connecting the proptechs, real estate funds and VC’s globally…and get everyone talking about innovation of the built environment.

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5 Ways Software-as-a-Service Can Enhance Customer Service

CRESS Blue
6/29/2020

If you are a small to medium-sized CRE PM business owner, no one knows your customers as you do. So, it should come as no surprise that technology is disrupting traditional customer service models – in a big way. Cloud-based Software-as-a-Service (SaaS) is making its biggest splash ever. But going digital does not mean getting less personal.

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Prologis sees ‘accelerated’ demand for logistics real estate

FreightWaves
6/29/2020

Leading global logistics real estate provider Prologis Inc. (NYSE: PLD) believes the pandemic has “accelerated the retail evolution” and is “pulling forward several years of adoption.” The comments referred to the growing trend of retailers seeking to bolster their online presence and commitment to ecommerce fulfillment. These were some of the highlights from the real estate investment trust’s (REIT) sixth installment of a special reporting series on the impacts COVID-19 is having on demand for …

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Common managing Nuveen apartment buildings in Fort Lauderdale, LA

The Real Deal
6/29/2020

Co-living operator Common is expanding its third-party property management. The company signed onto 575 units owned by Nuveen in South Florida and Los Angeles, taking over property management and leasing from Lincoln Property Company. Common recently took over management of the Edge, a 331-unit building at 475 North Federal Highway in Fort Lauderdale, and will begin managing Stella, a 244-unit building at 13488 Maxella Avenue in L.A.’s Marina Del Rey, in July.

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As America struggles to reopen schools and offices, how to clean coronavirus from the air

Washington Post
6/29/2020

As chief operating officer of the District of Columbia’s largest charter school network, Dane Anderson is racing to clean the air in time for late August, when some students are expected to come back to a starkly different environment. “We want the interior of our buildings to be essentially on lockdown related to virus,” Anderson said of KIPP DC, a publicly funded and privately operated network of seven campuses with 1,200 employees and 7,000 students….

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WeWork Is Backing Out Of A Big Lease In Manhattan

Bisnow
6/29/2020

Embattled coworking firm WeWork is pulling the pin on an anchor-tenant lease in New York City, potentially losing millions of dollars in the process. The company is pulling out of a deal to lease 115K SF at Columbia Property Trust’s 149 Madison Ave., Business Insider reports. The landlord had set aside almost $16M for a retrofit for WeWork, per the publication.

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