New Technology Promises to Curate the Perfect Retail Tenant Mix
GLOBEST
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GLOBEST
BRANCH FURNITURE
About a year ago, my co-founders and I quit our jobs to build better office furniture. We didn’t have much (any) experience in the furniture world, but our time in commercial real estate and startups had exposed us to some problems that needed fixing. We were convinced that growing companies deserved an end-to-end furnishing option that inspired their teams and adapted to their needs, without breaking the bank. Over the past year, we’ve accomplished a lot, but we’re just getting started. To that…
BISNOW
With a group of people surrounding him, Neal Krajewski lifted up his cellphone with the screen facing toward the crowd, pointed the phone’s camera at an image on a banner, and within seconds, a video appeared. Krajewski, an Ormond Beach, Florida, real estate agent, was showing off how agents and commercial real estate brokers could use his augmented reality application, Captum, in their own virtual/video ads. “I’m not a tech guy but I had a vision,” Krajewski said to Bisnow while he was demonstr…
CRUNCHBASE
WeWork is going back to its roots. In a repudiation of the excess of its erstwhile CEO Adam Neumann, WeWork announced Friday via an October 11-dated deck that it’s dropping The We Company’s push into activities that went past its “core” co-working business. Instead, it’s pivoting back to what it describes as its “pre-2017” model. The deck covers WeWork’s new 90-day “game plan” during which time it hopes to right itself. The strategy isn’t entirely a rerun of the past; WeWork anticipates improvem…
NYPOST
Flexible office space, once a niche offering, is experiencing a meteoric rise. In the last decade, so-called “flex space” increased more than 600 percent across the United States. Just in the last year, the market grew 23 percent in Manhattan alone, according to CBRE. While most people associate coworking with a flexible office, that’s just one type of company that takes advantage of its perks. The term “flexible” applies to both the lease agreement and the design of the space. Unlike traditiona…
BARRONS
Vimal Kapur leads the Honeywell International unit that manages commercial buildings. He met with Barron’s in a Manhattan high rise, of course, to explain how the company’s industrial Internet of Things, or IioT, platform called Honeywell Forge is transforming his division. Honeywell (ticker: HON) believes its long-term expertise in control technologies—such as the building systems Kapur is responsible for—gives it a leg up in developing software applications that not only control, but optimize,…
BLOOMBERG
Amazon.com Inc. plans to launch a new supermarket brand distinct from the Whole Foods Market chain the company acquired two years ago, a sign of the retail giant’s hunger for a slice of the grocery market beyond high-end organic food. The company has posted four job listings for “Amazon’s first grocery store” in the Woodland Hills neighborhood of Los Angeles. An Amazon spokeswoman confirmed the listings, and said the store would open in 2020. The brand will be distinct from Whole Foods and w…
BISNOW
For traditional real estate investors, getting involved in the data centre sector can be hard. But investors looking to back and build companies can find ways into a sector where occupational growth is set to continue to rise. That was the view of panellists at Bisnow’s first London Data Centre Investment Conference & Expo, hosted by Sungard Availability Services.
CREtech
The two-day conference was held at Rudin Development and Boston Properties recently-opened Dock 72 in Brooklyn Navy Yard. Featuring presentations, panel discussions and demos from today’s leaders in real estate, technology, PropTech, venture capital and finance, the event was a rousing success. Over 2,000 individuals attended the conference, making it a defining event in the history of the commercial real estate tech’s industry. Attendees used CREtech’s professional matchmaking app to set up 12,…
WSJ
WeWork is in discussions with T-Mobile US Inc. Chief Executive John Legere to take over leadership of the troubled office-sharing startup, according to people familiar with the matter. WeWork’s parent, formally known as We Co., is searching for a CEO who can stabilize the company following the erratic tenure of its co-founder Adam Neumann. After WeWork’s failed attempt at an initial public offering, SoftBank Group Corp. bought a majority stake in the company last month in a bailout, severing …
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