Apple, Google tweak contact tracing specs as launch nears
AXIOS
Apple and Google announced a series of small changes to their coronavirus contact-tracing technology and shared additional technical details ahead of a launch in the coming weeks.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Preparing the Built World for the New Normal: Part V presented by Openpath
CREtech
Built world and real estate industry experts come together to share actionable advice on what the new normal might look like and how we can prepare for a post-Covid compliant world.
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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.
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[VIDEO] Brokers turn to video walkthroughs for North Jersey commercial buildings
Real Estate NJ
The coronavirus pandemic has done more than present a major health crisis to the American people — it poses a major threat to commercial real estate and the economy at large. To help drive interest in the midst of social distancing, brokers have come up with the concept of virtual real estate tours, using videos of properties to show them to potential investors or tenants.
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WeWork Rolls Out New Social Distancing Workspace Designs
Bisnow
The coworking industry leader is aiming to adapt to the coronavirus pandemic by redesigning its workspaces. WeWork last week began rolling out plans to implement social distancing measures and increase cleaning practices in its coworking spaces. It detailed the plans in a brochure to members, which a WeWork spokesperson shared with Bisnow.
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Crisis Dulls the Shine on Hudson Yards
Wall Street Journal
Barely a year ago Hudson Yards, the new $25 billion neighborhood of tall glass towers on Manhattan’s West Side, was celebrating its grand opening. It featured a seven-story retail mall, as well as stylish restaurants, a park, a huge climbing structure and two towers of expensive condominiums.
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Lawsuit Alleges Nightmarish Conditions at 20 Broad Street in NYC
The Real Deal
Short-term rentals in a luxury high-rise — what could go wrong? Try “nightmarish living conditions” ranging from armed robbery to harassment, according to a lawsuit by two tenants at 20 Broad Street in the Financial District.
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Offices could be half empty for a year, says CBRE tech boss
Radius Data Exchange
The introduction of a seven-day working week, a surge in hands-free technology and a halving of office occupancy could characterise the post-lockdown return to work, according to CBRE’s new head of technology. Mike Gedye took on the newly created role this month and already expects the current crisis to have a significant effect on his clients’ businesses.
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PGIM Real Estate hires Sara Shank as global head of innovation
PGIM
April 29, 2020 – PGIM Real Estate has hired Sara Shank as managing director and global head of innovation, based in its Manhattan office. Shank will lead the firm’s effort to advance investment decision-making and business operations around the world by harnessing data and technology in new ways. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU). In this newly created…
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Lots of Pain, Some Gain
NMHC
There was a time before COVID-19 and there will be a time after the virus. But the transition time between the two eras is proving abrupt, dramatic and painful. For some of the PropTech world, this means money, customers and demand have dried up. For others, this is shaping up to be a period of tremendous growth.
