Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CNBC
First, the department store closes. Then, the apparel shops try to scoot out of deals. This is a one-two punch that could trigger a wave of malls shutting for good over the next 12 months.
Bloomberg
Opendoor, which halted purchases in March and laid off more than a third of its staff as the coronavirus kept U.S. homebuyers indoors, will resume operations in Phoenix this week, with plans to reopen in more than 20 additional markets in the months ahead.
The New York Times
Business lobbyists and executives are pushing the Trump administration and Congress to shield American companies from a wide range of potential lawsuits related to reopening the economy amid the coronavirus pandemic, opening a new legal and political fight over how the nation deals with the fallout from Covid-19.
Bisnow
When the coronavirus crisis ends, building owners with newer assets armed with germ-fighting technologies are most equipped to succeed in the new normal, DFW developers Bill Cawley and Bill Brokaw say.
The Real Deal
Common unveils property manager for workforce housing. Common, a company known for high-end communal living, is getting into the affordable housing business. The co-living firm revealed Monday that it has launched a brand geared towards workforce housing.
Bloomberg
Real estate technology startup Cadre is planning to launch a new fund to seize on property-market opportunities that arise from the economic downturn in the wake of the coronavirus pandemic, according to people with knowledge of the matter.
Business Insider
Cherre, the NYC-based real estate data and analytics platform, today announced a new data partnership with CompStak, the nationwide provider of commercial real estate lease comps, sales comps, and property information. In this partnership, Cherre will integrate CompStak’s lease and sales comp data within the Cherre platform for mutual customers, providing visibility into granular property transaction information when evaluating properties for underwriting and investment decisions.
The Real Deal
The beleaguered office-space provider on Thursday laid off employees in the sales, physical product and operations departments, Business Insider reported. The total number of layoffs was not immediately clear, but the latest round of pink slips follows hundreds of cuts in recent months.
CREtech
The international real estate tech economy is going through, what feels like, seismic tsunami. In a recent CREtech Talks: European Proptech Venture Capital webinar, three of the most active and influential investors in real estate tech, including Gregory Dewerpe of A/O Proptech, Faisal Butt of Pi Labs, and Josh Mintz of Waveline Ventures, shared their views on the impact of the recent pandemic on the real estate tech industry, venture capital investment strategies, and offered suggestions to r…
TechCrunch
Some big M&A is afoot in Israel in the world of smart transportation. According to multiple reports and sources that have contacted TechCrunch, chip giant Intel is in the final stages of a deal to acquire Moovit, a startup that applies AI and big data analytics to track traffic and provide transit recommendations to some 800 million people globally. The deal is expected to close in the coming days at a price believed to be in the region of $1 billion….
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