Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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.
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.
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…
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. …
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.
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…
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…
CRETECH
New York, NY (February 18, 2020) —CREtech (cretech.com), the leading global conference and research company devoted to innovation in the Built World, will showcase a panel around the current state of funding and valuations at their first event in 2020. To be held in Austin, Texas on April 22nd and 23rd, the panel will be moderated by Allison Sedrish, Director at Barclays Investment Bank who will lead a discussion with several leading VC’s and investors in the real estate tech sector. They will …
CRETECH
The CREtech monthly PropTech Funding Report highlights trends in venture capital investments in real estate tech (proptech) companies. These trends have a profound impact on the greater real estate industry and the built environment. Strategic proptech trends have the potential to create opportunities, drive significant innovation and disruption. In this data-rich report, CREtech analyzed and lists the companies funded, their investors, and trends for the month of January 2020. Download the CR…
VENTUREBEAT
If you’re uncertain whether AI is the best or worst thing to ever happen to cybersecurity, you’re in the same boat as experts watching the dawn of this new era with a mix of excitement and terror. AI’s potential to automate security on a broader scale offers a welcome advantage in the short term. Yet unleashing a technology designed to eventually take humans out of the equation as much as possible naturally gives the industry some pause. There is an undercurrent of fear about the consequences if…
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REGISTRATION IS OPEN FOR EUROPE 2030: SHAPING THE FUTURE OF THE BUILT WORLD IN LONDON ON JULY 1, 2025