Two Big New York City Landlords Highlight Rent-Collection Woes
Wall Street Journal
New York City’s office landlords are struggling with rent defaults, a wafer-thin sales market and the evaporation of financing in the state hardest-hit by the Covid-19 pandemic.
Welcoming Clelia Warburg Peters To Our Proptech Practice
Medium
At Bain Capital Ventures, we strive to become domain experts in our chosen verticals. We want founders to choose us because of our familiarity with and fluency in their markets. In turn, we seek out founders and partners who are deeply knowledgeable about their respective industries and whose unique insights serve as a competitive advantage.
“The biggest obstacle to addressing sustainability is the economic growth mindset”
FUTURE PropTech
We spoke to FUTURE PropTech speaker, Menno Lammers, to get his insights on Sustainability and the future of proptech beyond the current challenges of Coronavirus.
Biggest Mall Operator in U.S. Plans to Reopen 49 of Them
New York Times
Simon Property Group, the biggest operator of malls in the United States, has come up with a game plan for reopening 49 shopping centers across 10 states starting on Friday.
Barrack Says Real Estate in ‘Chaos’ as Laws Waived on Rent, Debt
Bloomberg
Tom Barrack said the U.S. property market is in “chaos” and still on the verge of collapse because the federal government and local authorities are allowing renters and homeowners to skip payments because of the coronavirus. “We haven’t had a crisis like this,” Barrack, chief executive officer of Colony Capital Inc., said in an interview Friday on Bloomberg Television. “We’ve never had one where we just have a government taking of revenue.”
Smart ring maker Motiv acquired by ‘digital identity’ company
TechCrunch
We weren’t alone in being impressed by Motiv. The startup helped flip the script on wearables by essentially cramming a fitness tracker’s worth of technology into a ring. This week, San Francisco “digital identity” startup Proxy announced that it’s acquiring the company.
Jones was born in New York City (on Great Jones Street). We’re proud to call it our home. Sadly, NYC is struggling. Our city is battling a health crisis that is simply unprecedented. Today, we are announcing an initiative that aims to help property owners and managers to keep their buildings safe and clean from Covid-19.
The post-pandemic workplace will hardly look like the one we left behind
The Washington Post
“Sneeze guard” partitions. “Safe zones” demarcating spots to stand in elevators. Contact tracing apps to detect interactions between co-workers and infrared temperature readings. As Florida, Georgia, South Carolina and other states took steps to reopen their economies this week, and Boeing workers came back to their jobs after a three-week furlough, businesses, design firms, real estate developers and corporate advisers are starting to envision how a return to the office will work.
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Simply owning and leasing a physical space is not enough for the commercial real estate industry anymore. Focusing on tenant engagement and providing the best and most convenient experience on a daily basis is more important than ever, and the importance of this focus only grows in the wake of the COVID-19 global pandemic that has forced a shift to remote work around the world.
[INFOGRAPHIC] Brokerage & Services Market Pulse: State of the Market Survey
CREtech
The commercial real estate market was riding a wave of accelerated growth in the past several years. Record-setting deals in office leasing, investment sales, management and others, had the industry on track to set new records. However, in the wake of the global pandemic and tightening economic conditions, real estate companies are entering a period of rapid digital transformation.
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