Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Wall Street Journal
In March, Lester and Janet Knispel paid $1.55 million for a white-columned house on the second fairway at Isleworth Golf & Country Club in Windermere, Fla. Now their televisions are mounted on the walls and their Porsche is parked in the garage.
Wall Street Journal
Cybersecurity firm Rapid7 Inc. RPD 2.78% last year installed tiny cameras around its Austin, Texas, office to track how its staff used the space. Now it’s using those same cameras to keep workers apart.
Wall Street Journal
The world’s biggest tech fund was risky from the start, quickly pouring about $80 billion into cash-burning startups at high prices. A less-noticed part of SoftBank 9984 0.97% Group Corp.’s strategy has deepened the fund’s losses and will likely weigh on any recovery….
Wall Street Journal
I had a couple of deals in the works before this whole thing hit, and what I’m doing now is following through and making sure everything goes through to closing. It hasn’t been easy.
Michael Beckerman
Big tech! One of the most extraordinary outcomes we are witnessing (or shall I say being bombarded with) on a daily basis is how “work” as we know it is now being challenged during the pandemic. Not a day goes by where I am not inundated with content from companies doing surveys, studies, making suggestions and plans on how we will all get back to work and what the future holds for the real estate industry. And I have no doubt that you are facing the same content onslaught. As I have writt…
FOX Business
RXR Realty Chairman and CEO Scott Rechler discusses changing the workspace amid the coronavirus and how his company is combining technology with new processes to increase safety.
Wall Street Journal
Even as malls and stores begin to reopen, the Covid-19 pandemic has taken a toll on an industry already battered by the shift to online shopping. More than two million retail jobs disappeared in April as many stores closed. The damage will be clear Friday when the U.S. government reports what is expected to be one of the worst months for retailers since World War II….
TechCrunch
UpKeep, a mobile-first platform for maintenance and operations collaboration, has today announced the close of a $36 million Series B financing round. The round was led by Insight Partners, with participation from existing investors Emergence Capital, Battery Ventures, Y Combinator, Mucker Capital and Fundersclub.
Prescriptive Data
The battle against COVID-19 has put property owners and managers to the test. Tasked with continuing operations for essential employees while implementing government-mandated social distancing policies, many in the world of commercial real estate are left wondering how these unprecedented times will impact their customers and future business operations.
The Real Deal
A co-founder who left Redfin in 2006 is suing his former company for copying virtual home tour technology he later developed for his new company, Surefield. David Eraker filed two suits alleging intellectual property theft regarding two incidents.
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