Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
TechCrunch
Airbnb is committing $250 million to put toward hosts who have been impacted by COVID-19. That means if a guest cancels a reservation for check-in between March 14 and May 31 due to a COVID-19-related reason, Airbnb will pay the host 25% of what they would normally receive through their cancellation policy. Airbnb says this policy will apply retroactively to all cancellations during that period….
The Real Deal
Once again, Airbnb is in damage control. After facing backlash from hosts for changing its cancellation policy in response to Covid-19 — offering guests full refunds without penalties — the startup’s CEO has announced a relief package and issued an apology.
Wall Street Journal
Exor NV, the holding company of Italy’s Agnelli family, is investing in ride-share company Via Transportation Inc. that would mark its first big foray into the technology sector.
MRI Software
The impact the COVID-19 virus is having on the commercial real estate sector is immense. We recently looked at how the pandemic is specifically affecting retail landlords and tenants, as they struggle in the face of self-isolation, social distancing and regional lockdowns.
Bloomberg
WeWork continued to cut more staff as part of a months-long effort to lower expenses after its failed initial public offering last year, the company said. The New York-based co-working company axed about 250 jobs in its development department on Thursday, according to two people familiar with the matter, who asked not to be identified discussing personnel details. …
CRETech
The real estate tech venture capital market is about to undergo a massive stress test. In a recent CREtech Talk: Perspectives in a Time of Uncertainty webinar, three of the most active investors in real estate tech, including Jeffrey Berman of Camber Creek, Andrew Ackerman of Dreamit Ventures, and K.P. Reddy of Shadow Ventures, discussed with Steve Weikal, Head of Industry Relations at MIT, how the pandemic has impacted the startup real estate tech market, venture capital investing and what it …
Property PortalWatch
Proptech app, Dashflow for CRE, which focuses on investment appraisals for the commercial property sector, has named Pawel Zbros as its new Director of Sales & Marketing.
news.com.au
East Gosford based national real estate training and systems development company, Real Estate Academy, has been acquired by Australian PropTech innovator, Realtair, saving them from potentially having to release staff during a time when many local businesses are closing their doors during the coronavirus pandemic.
Bisnow
As of just a year ago, the business world could only speculate that the future of work would be remote. Now, in a baptism by fire, companies around the world are learning to work remotely for the first time, their operations rocked by the reality of workers in quarantine and isolation. No commercial real estate sector will go untouched.
TechCrunch
Earlier this year, Microsoft made waves in the corporate community by coming out with one of the most ambitious and wide-ranging strategies to reduce carbon emissions from the company’s operations.
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