Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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.
CommissionTrac
Many of us are currently grappling with high-impact decisions that will change the way we operate our brokerage businesses in the future. For significant issues that deal with solutions with long term effects on your brokerage business, the concept of “scenario thinking” can help improve decision making.
Globest
SAN FRANCISCO—With COVID-19 now a global emergency, the heightening of travel restrictions, limitation of mass gatherings and social distancing, and people being required to work from home are all affecting multiple sectors including the real estate industry. Sellers targeting foreign buyers for instance, are recording drops in very high percentage rates.
The Real Deal
Redfin just got a $110 million shot in the arm from an influential backer, as the discount brokerage looks to ride out economic turmoil caused by coronavirus.
ARETAILSPACE
Real estate innovates in the physical world. Tech innovates in the digital world. To Michael Beckerman, they’re the same.
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