Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Reuters
The coronavirus pandemic will not be the end of office buildings, Brookfield Asset Management Chief Executive Bruce Flatt said on Wednesday in an interview with Reuters Breakingviews. Office workers globally have shifted to working from home during the pandemic, with Gallup reporting that 62% of employed Americans in April had worked from home during the crisis, double the number in March.
Bisnow
NYC’s Office Buildings Are Readying To Reopen, But Most Workers Aren’t Ready To Come Back · NYC’s Office Buildings Are Readying To Reopen, But Most …
CREtech
The construction tech sector has been on a rapid path of growth over the past several years. The biggest challenge the industry faces is adoption. However, innovation and willingness-to-adopt technology in construction is increasing. Hear from the most insightful and active developers and tech-investors as they discuss their perspectives on the construction tech sector and how today’s developers can leverage technology to increase productivity and profitability.
Wall Street Journal
Simon Property Group Inc. SPG -14.34% is terminating its $3.6 billion deal to acquire Taubman Centers Inc., TCO -1.20% the latest sign of the severe pressure the retail sector and mall industry are contending with during the coronavirus pandemic. The deal, announced in February, would have combined two landlords as the industry struggles with an oversupply of malls and the decline of traditional retail stores against the rising tide of e-commerce….
The Real Deal
Proptech startup Lane raises $10M for office platform. A platform akin to an operating system for offices closed on a $10 million funding round as the coronavirus pandemic began shutting down workplaces. … Lane’s CEO Clinton Robinson admitted he was “incredibly concerned” the funding wouldn’t close
KHN
When the American Medical Association moved its headquarters to a famous Chicago skyscraper in 2013, the floor-to-ceiling views from the 47th-floor conference space were a spectacular selling point. But now, those glimpses of the Chicago River at the Ludwig Mies van der Rohe-designed landmark, now known as AMA Plaza, come with a trade-off: navigating the elevator in the time of COVID-19.
Wall Street Journal
Intel Corp. INTC 1.32% ’s semiconductor production hit a stumbling block in March. A chip plant in Chandler, Ariz., needed work done, but the engineer for the job was stuck in Germany because of trans-Atlantic flight restrictions to combat the spread of the coronavirus. …
The New York Times
KENT, Wash. — After months of being embattled over its response to the coronavirus, Amazon is working to convince the public that its workplaces — specifically, the warehouses where it stores everything from toys to hand sanitizer — are safe during the pandemic. …
The New York Times
Safety concerns have forced developers to rethink mixed-use projects combining retail, residences and offices, which have helped define the live-work-play ethos that many younger professionals seek.
Bisnow
Digital twins are still in the early-adoption stage but could take off in the … commercial real estate, a digital twin is a virtual replica of a building.
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