5G rollout advances despite coronavirus, but hazards loom
AXIOS
Coronavirus-related economic disruption and uncertainty could yet slow the pace of 5G deployment in the U.S. — but for now, the major carriers say they’re moving full speed ahead.
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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Nearly a Third of Apartment Renters Didn’t Pay April Rent
Wall Street Journal
Nearly a third of U.S. apartment renters didn’t pay any of their April rent during the first week of the month, according to new data to be released Wednesday by the National Multifamily Housing Council and a consortium of real-estate data providers.
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WeWork Hires JLL And Newmark For Rent Relief Negotiations
The Real Deal
WeWork had been aiming to lower rent costs and shift its leases to management agreements well before the coronavirus pandemic. Its massive real estate expenses threatened to exhaust its cash following its botched initial public offering attempt last fall, but it was bailed out by its principal investor, SoftBank.
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Turning streetlights into technology pillars to support smart cities
The Globe and Mail
Most people spend little or no time thinking about streetlights but it’s a business for Chuck and Ken Cartmill who, along the way, discovered something rather illuminating: The equipment used to light up roadways can also be a pillar for the information age.
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PlaceTech podcast: M7’s Richard Croft
PlaceTech.
The M7 Real Estate executive chairman talks to Paul Unger about where he’ll be looking to invest his tech funds after corona, his business travel diary and which of his investments excites him most.
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Coronavirus Forces New York Condo Developers Into a Race Against Time
Wall Street Journal
After grappling with sluggish market for more than two years, developers of New York City’s most luxurious condo towers are now confronting the unprecedented fallout of the coronavirus epidemic, which has ground construction, and many of their sales efforts, to a standstill.
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Engagement and Automation for Real Estate Professionals Presented by Freshworks
CREtech
Discover how today’s leading real estate professionals use Freshworks to drive results across their business. Real estate professionals need to keep clients and tenants engaged, satisfied and, most importantly, understand their unique requirements. Freshworks is a leading CRM that effectively solves challenges and major bottleneck in an ever-increasing digital world.
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Buildots AI tackles construction’s inefficiency
PlaceTech.
With investors forecast to focus on contech when property development resumes, one Tel Aviv-based artificial intelligence construction technologies start-up has embarked on its global rollout starting in the UK.
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WeWork Skips Some Rent Payments as Coronavirus Undermines Revenue
Wall Street Journal
WeWork has stopped paying rent at some U.S. locations, in the latest sign that the co-working company is aggressively trying to cut costs as the economic downturn eats into its revenue.
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TODAY AT 12 PM EST: CREtech Talks: Financial and Operational Assistance for Startups
CREtech
In the midst of the recent pandemic and global economic crisis, real estate tech startups are faced with extraordinary financial and operational pressures. Hear from three of the most experienced business leaders from the worlds of banking, legal and accounting offering their insights on how startups can navigate these incredibly challenging times.
