Latest Trends and Insights in Real Estate Technology

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  • Forget WeWork’s Woes, Research Shows Most Flexible Offices Are Turning A Profit

    BISNOW

    The ginormous losses unveiled by WeWork during its IPO process last year linger long in the mind. But new research shows that a large majority of flexible offices around the world are actually turning a profit. However, how you configure your flexible office makes a big difference to revenue, according to the global annual flexible office benchmark report compiled by Workthere, the flexible office advisory brand of Savills.  Here are the key numbers from the report, which examined 64 flexible of…

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  • Jeff Bezos’ investment Sonder takes over Long Island City hotel rooms

    NYPOST

    Jeff Bezos will have an investment in Long Island City after all. Sonder, which counts Bezos’ family funds, Alex Rodriguez and Elon Musk’s fund among its investors, is taking over its first Long Island City hotel rooms. The tech-enabled hotel company has leased all 100 of the apartment/hotel units at the Z NYC Hotel at 11-01 43rd Ave., Long Island City, from Merchants Hospitality. “This continues the trend of great tenants and smart money moving into Long Island City,” says Merchants principal A…

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  • Prepare For Elevators That Move Sideways, Spiral Escalators And Robots Riding Lift

    BISNOW

    Elevators and escalators get little fanfare in the commercial development space, but some new technology may make you sit up and pay attention. From cableless elevators that go every which way, to escalators that spiral up to top floors and elevators designed exclusively for use by robots, the future is on the rise.

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  • Co-working entrepreneur Jamie Hodari breaks down his unusual daily routine

    THEREALDEAL

    Jamie Hodari, CEO of the co-working company Industrious and an avowed night owl, actually begins his day an hour before the clock does — planning out each workday starting at 11 p.m. the night before. That helps Hodari, 38, remain confident about prospects for the company he co-founded in 2012 even after last year’s sudden and dramatic downfallof co-working giant WeWork cast a pall over the entire sector.

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  • Airbnb, once profitable, lost $322M in 9 months

    THEREALDEAL

    Airbnb lost hundreds of millions of dollars last year as the home-sharing business attempted to address widespread safety and security issues on its platform. The news comes as investors and executives gearing up for a planned public offering this year. The company lost $322 million in the first nine months of 2019, a drastic swing from the $200 million profit it generated during the same time period in 2018, according to the Wall Street Journal, which first reported the massive loss.

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  • Amazon Groceries: A Sneak Peak Inside the E-Tailer’s New Chain

    BLOOMBERG

    The $800 billion grocery industry is keeping a sharp eye on a strip mall in the Woodland Hills neighborhood of Los Angeles. There, sandwiched between a nail salon and a bank branch, Amazon.com Inc. is working on the first in a new chain of grocery stores set to open this year.  The company has kept construction inside the store firmly under wraps, and, until now, no one has peeked in on Amazon’s latest plan to upend how food is sold. Based on never-before-seen photos of the facility at 6245 Topa…

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  • CREtech Selects Austin Host Committee For It’s Inaugural Real Estate Tech Conference In The City

    CRETECH

    New York, NY (February 19, 2020) —CREtech (cretech.com), the leading global conference and research company devoted to innovation in the Built World, has announced the selection of its Austin Host Committee. Comprised of leaders in the world of real estate and tech based in the Austin, Texas area, the Host Committee assists CREtech with content, events and networking opportunities to help engage the local community surrounding their upcoming Austin conference on April 22-23. …

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  • Planet Smart City’s ‘operating system’ vision for affordable housing

    SMARTCITIESWORLD

    Unprecedented growth in many cities has made affordable housing a challenge around the world. A 2018 study revealed that of 200 cities polled globally, 90 per cent were considered unaffordable when applying the standard of average house prices being more than three times the median income. The United Nations has flagged housing affordability as an issue of strategic importance for “development, social peace and equality,” citing 1.6 billion people living in inadequate housing.

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  • Developing a More Efficient Way to Manage Properties

    NAAHQ

    In our next installment of Profiles in Success, a series where NAA talks to successful apartment professionals to learn how they got to where they are, we visit with an SVP of Strategic Initiatives. Name: Karen Hollinger Company: AvalonBay Communities, Inc. Current Title: Senior Vice President, Strategic Initiatives Years in the Industry: 18 years with AvalonBay. Prior to AvalonBay, I worked for a big consulting firm implementing ERP (enterprise resource planning) systems (that dates me!) and do…

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  • SoftBank’s Son Considers New Type of Fund for Startup Investing

    BLOOMBERG

    SoftBank Group Corp. founder Masayoshi Son said he is considering a new type of fund for startup investing, showing his determination to keep cutting deals after missteps with WeWork and several other companies. The Japanese billionaire unveiled his $100 billion Vision Fund three years ago and had been planning on raising a similarly sized second Vision Fund. But as he discussed earnings in Tokyo Wednesday, he conceded that raising money from limited partners for the second fund has been difficu…

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