Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CNBC
Tech companies have traditionally been at the forefront of revolutionizing office space. Open floor plans have become the norm in many industries after tech companies touted the advantages they offer for collaboration and innovation. And perks like in-office gyms, child-care centers and communal cafeterias have also gained traction as companies compete to attract top talent.
TechCrunch
A lot of U.S.companies have had near-death experiences in recent months. Among them is Branch, a 1.5-year-old, venture-backed New York-based startup that sells what it calls “exceptional office furniture, at half the price” — and which nearly went kaput because of the pandemic.
Knox Financial
Knox Financial, a fintech company offering a smart and frictionless way to build wealth through investment properties, today announced an expansion into new markets across New England. Starting today, the Knox Frictionless Ownership Platform is available in Manchester, New Hampshire, Portland, Maine, Providence, Rhode Island, and Worcester, Massachusetts.
JLL
SAN FRANCISCO, June 12, 2020 – JLL (NYSE: JLL) today announced the hire of Chief Data Officer Yao Morin to JLL Technologies. Yao, who is based in San Francisco, will lead JLL’s global data strategy, product roadmap and delivery. JLL Technologies is a division of JLL unifying the company’s technology, businesses, services and applications.
Bloomberg
Vertical agriculture company Plenty Inc. has an unusual selling point: Its crops of arugula, kale and microgreens are grown in an indoor farm run by robots. That hasn’t always been a winning proposition. Two years ago, the company had to scale back an ambitious international expansion plan, realizing it wasn’t ready to bear the cost of pricey new markets despite having taken more than $200 million in funding. …
Venture Beat
COVID-19 has shown that for many office workers, remote work is feasible or even preferable to the daily office commute. Even as lockdowns are slowly eased, as many as 75% of employees prefer to work from home out of caution or convenience. This has dramatically accelerated a trend towards remote work that was already underway over the last decade and begs the question, do we need offices?…
Wall Street Journal
After months of doing their jobs from home, many executives and employees say all those hours in the sky and nights away from home may not be necessary going forward. Turns out, one-meeting trips to see a client face to face can be handled just as effectively via videoconference. Some executives plan to hold meetings with their lieutenants by video call from now on. In sales, there are professionals who say they have found that all-online meetings even give them certain advantages over face-to-f…
Bloomberg
The coronavirus pandemic is still hitting startup valuations hard, but the pain was less acute in April than in March, according to a new report from Silicon Valley law firm Fenwick & West.
CoStar News
Hoteliers are seeing new demand — and revenue-generating opportunities — from remote workers who don’t necessarily want to work from home, and executives say this business might have staying power. Pre-pandemic, many hotels offered daytime rates for guestrooms and other services to corporate travelers seeking short-term stays — on flight layovers, for example. A somewhat new demand for that service emerged as companies enacted work-from-home policies for their employees as a health precaution du…
MRI Software
London – 8 June, 2020 – MRI Software, a global leader in real estate software solutions, has completed its acquisition of Castleton Technology Plc, a leading provider of specialist software and services for the social housing sector, after receiving shareholder approval. MRI’s acquisition of Castleton, along with that of Orchard Information Systems in March, extends its offering in the social housing market in the UK, Ireland, and Australia. The combination boosts MRI’s ability to empower social…
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