Latest Trends and Insights in Real Estate Technology

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  • How Will PropTech Shape the Future of the CRE Workforce?

    GLOBEST

    Survey respondents, some 90% of global executives, think consolidation is needed for PropTech to prove its ROI and more effectively deliver on the needs of the commercial real estate industry. In fact, 33% of US executives predicted that consolidation will be well underway within the next 12 months. Specifically, areas of PropTech most likely to experience consolidation include property management, property transactions and listing services, and financing and lending firms.

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  • London Police Are Taking Surveillance to a Whole New Level

    NYTIMES

    London’s police department said on Friday that it would begin using facial recognition to spot criminal suspects with video cameras as they walk the streets, adopting a level of surveillance that is rare outside China. The decision is a major development in the use of a technology that has set off a worldwide debate about the balance between security and privacy.

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  • New Tech Tackles Worker Safety, But Hotels Have Been Slow To Adopt It

    BISNOW

    Traknprotect CEO Parminder Batra is glad that the emergency service device she created worked.  How did she know? Because recently, a man had pushed a housekeeper into a guest’s hotel room, Batra said, and she believed she was about to be assaulted. Equipped with a Traknprotect safety button, the housekeeper immediately used the device to call for help.

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  • CRE Startups Have Eased Off The Gas Pedal Despite Record Investment

    BISNOW

    No one is eager to be the next WeWork anymore. Startups in the real estate industry have spent the months surrounding the collapse of the coworking monster’s valuation adjusting their growth plans to focus on sustainability, rather than grabbing as much market share as possible, The Wall Street Journal reports. That change in strategy has come even as venture capital investment into real estate startups more than tripled from 2018 to 2019, when CRETech estimates that total equity and debt invest…

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  • Digital Brokerage SquareFoot Nabs Transwestern’s Jonathan Tootell

    COMMERCIALOBSERVER

    Proptech firm SquareFoot lured another real estate vet to join the digital brokerage, this time hiring Transwestern partner Jonathan Tootell to head up its New York City brokerage team, Commercial Observer has learned. Tootell joined SquareFoot at the beginning of the month and will become the company’s New York Market Lead where he will work to bring SquareFoot’s brokers “up to speed at what you would see at a traditional brokerage firm” and bolster its ranks, Tootell said.

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  • Bird raises $75 million and acquires escooter startup Circ

    VENTUREBEAT

    The micromobility market consolidated a bit today in what might be a harbinger of wider contraction. Coinciding with a $75 million extension to Bird’s series D funding round that brings its total raised to $350 million (up from $275 million as of November 2019), the Berlin- and Santa Monica-based electric scooter and bike company confirmed it has acquired escooter operator Circ (formerly Flash) for an undisclosed amount. Over 300 employees from Circ’s offices in Europe will join Bird in its ongo…

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  • Kraftful raises $1M to help smart home companies make better apps

    TECHCRUNCH

    If a thousand companies make their own smart light bulb, do a thousand companies also have to design a light switch app to control them? Kraftful, a company out of Y Combinator’s Summer 2019 class, doesn’t think so. Kraftful builds the myriad components that an IoT/smart home company might need, puzzle piecing them together into apps for each company without requiring them to reinvent the light switch (or the padlock button, or the smart thermostat dial) for the nth time….

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  • GM’s Cruise rolls out Origin, an autonomous electric vehicle with no steering wheel

    VENTUREBEAT

    GM’s Cruise is launching the Origin electric autonomous vehicle and sliding doors today, the product of 3 years of work between General Motors, Cruise, and Honda. The Cruise Origin is designed without a combustible engine or a driver, decisions which Cruise CEO Dan Ammann says give people more space. The Origin can seat up to 6 people, with 3 passengers on each side looking toward each other in the rear-wheel drive vehicle.

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  • Rising Construction Costs Making Modular A Less Risky Bet

    BISNOW

    Modular construction — a type of pre-fabricated building that happens mainly off-site and is then pieced together — is still considered a new and risky concept. But in an environment of sky-high building costs and a widening affordability gap in New York City, some builders believe the potential gains are worth the leap of faith.

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  • Target CIO Helped Retailer Find Its Tech Groove

    WSJ

    Michael McNamara knew Target Corp. had challenges when he was hired as chief information officer in 2015. The retailer, knocked around by public failures including a December 2013 data breach, was “lacking confidence” and “down on its heels,” he recalled. While rival Amazon.com Inc. was amassing e-commerce market share, Target’s information-technology staffers—mostly outsourced—were focused on traditional IT tasks such as managing hardware and software vendors. Technology staff spent a lot of ti…

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