Property Managers Have Had to Quickly Digitize

Property managers have been slowly adopting and adapting to new technologies, but since the onset of the pandemic hit, technology has become an essential tool in the property management toolbox. Technology has become an integral way to communicate with residents, vendors and conduct basic business operations. According to a recent survey conducted by AppFolio, 23% of property managers have increased dependence on technology since the beginning of the pandemic.

‘Innovation Doesn’t Have A Color’ Collab Capital Targets $50M Fund To Invest In Black Founders

The main data point we have been referencing  to illustrate this disparity in the startup world is revealing–just 1 percent of the amount of funding flows to black founders in the U.S But months before the events of the past several weeks, a trio of black founders set out to change that statistic in a meaningful way by raising money for their new fund, Collab Capital.

Judge Clears CoStar’s $588 Million Acquisition of RentPath

Real-estate data firm CoStar Group Inc. received court approval Tuesday for its $588 million acquisition of bankrupt apartment-search site operator RentPath Inc. Judge Brendan Shannon of the U.S. Bankruptcy Court in Wilmington, Del. signed off on the acquisition and RentPath’s related chapter 11 plan, clearing CoStar of a major hurdle in closing the transaction….

The REInterview: Real estate’s biggest VC on the industry’s existential shifts

The REInterview: Real estate’s biggest VC on the industry’s existential shifts. Think about the word “landlord.” It connotes a relationship in which the power dynamic is very much tilted in favor of the property owner. …

Airbnb Joins Vacation-Rental Sites Seeing Surge in Demand

Antsy city dwellers seeking to escape their Covid-19 refuges are road-tripping to nearby vacation rentals in surprisingly strong numbers, showing the first signs of life for an industry that essentially ground to a halt in March.

TOMORROW: The Sales Content Playbook for Commercial Real Estate presented by Brandcast

COVID-19 has created unprecedented challenges for businesses to drive engagement with their customers. This webinar will reveal sales and marketing content strategies that will change the way the industry competes in today’s digital culture. See how global CRE companies including Colliers and Alexandria Real Estate are breaking through the digital barriers to get in front of customers. …

The Office Isn’t Dead. It’s Just Convalescing

I returned to the office this week, joining thousands of bankers from Citigroup Inc. to Morgan Stanley that are trickling back to their desks in Hong Kong. After almost five months working from home, it’s going to take some getting used to. The easing of coronavirus lockdowns heralds the beginning of the end for the world’s greatest work-from-home experiment. Perhaps. Twitter Inc. will let employees work from home permanently even after the outbreak recedes, while others such as Google have said…

Boxed Lunches and Plexiglass Will Welcome Back Wall Street’s Workers

WeWork May Abandon WeLive

Sandeep Mathrani, the WeLive website and 110 Wall Street (Google Maps) WeWork is considering ditching its co-living business. The Sandee Mathrani-led firm is working with an adviser on options to hand over operations of its two communal living locations in New York City and outside…

Luxury Multifamily Property Embraces Virtual Leasing

Managing a steady flow of leasing activity, the Altman Cos. has implemented online offerings for potential renters of Altis Grand Central in Tampa, FL.  The Altman Cos. has adapted a virtual model of operation at its residential community, Altis Grand Central in Tampa, FL.