Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

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How Hines is future proofing its portfolio with Space-as-a-Service

PlaceTech.
6/11/2020

Annie Rinker, director of office innovation at Hines, joins Bold founder, Caleb Parker, to offer some important advice for asset owners who are thinking about launching their own in-house Space-as-a-Service operation. Rinker leads the rollout of Space-as-a-Service across the Hines global portfolio, which includes 539 properties across 205 cities in 24 countries on five continents. The portfolio contains a whopping 232m sq ft….

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Pandemic will not be the end of office buildings, Brookfield CEO Flatt says

Reuters
6/11/2020

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.

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NYC’s Office Buildings Are Readying To Reopen, But Most Workers Aren’t Ready To Come Back

Bisnow
6/11/2020

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 …

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TODAY AT 12 PM EST: CREtech Talks Emerging Trends in Construction Technology

CREtech
6/11/2020

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.

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Simon Property Ends Taubman Deal as Coronavirus Hits Retail

Wall Street Journal
6/11/2020

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….

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Office Proptech Startup Lane Raises $10M in Series A

The Real Deal
6/11/2020

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

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The Elevator Arises As The Latest Logjam In Getting Back To Work

KHN
6/10/2020

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.

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Virus Makes AR’s Potential a Reality for Chip Makers

Wall Street Journal
6/10/2020

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. …

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What It Looks Like Inside an Amazon Warehouse Now

The New York Times
6/10/2020

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. …

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Pandemic Threatens to Upend a Thriving Real Estate Model

The New York Times
6/10/2020

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.

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