Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • No Cars Allowed In New Arizona Neighborhood

    BISNOW

    Work has started on a new 16-acre neighborhood in Tempe, Arizona, that will include multifamily residential space, retail and common areas — but no space for residents’ cars.  According to San Francisco-based developer Culdesac, the property’s 1,000 residents, who will occupy 636 multifamily units, will not have private cars or parking spots. The neighborhood will accommodate parking for visitors, as well as designed spots for car-based modes of transportation, such as ridesharing, for when resi…

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  • What’s next for the co-working business?

    THEREALDEAL

    WeWork’s implosion could be the hard reset needed for the co-working industry. “We didn’t really estimate the magnitude of what that fallout meant for Industrious and throughout the industry,” said Katherine Lau, senior director of real estate for flexible space firm Industrious. “What we see is a normalization of the growth rate of co-working. In many ways, WeWork propped up the real estate markets, drove up rents and drove down vacancy. We’ll see what the real estate markets are really made of…

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  • Huawei seals smart city deal with Barcelona

    SMARTCITIESWORLD

    Barcelona City Council has signed a Letter of Intention (LoI) to collaborate with Huawei on new technology projects in the city. The LoI was signed during Smart City Expo World Congress (SCEWC) this week in Barcelona. Huawei will act as a technology partner to Barcelona in areas such as 5G, smart city applications and digital transformation. Jaume Collboni, Primer Tinent d’Alcalde, Barcelona City Council, said: “Collaborations such as this with Huawei reinforce Barcelona’s position as an advance…

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  • ‘Thank you, WeWork’ — 2 of the coworking startup’s biggest rivals are cashing in after its public meltdown

    BUSINESSINSIDER

    Two of WeWork’s biggest rivals are cashing in on its public meltdown. “We’re in a hypergrowth stage at the moment,” Mark Dixon, CEO of IWG, told Fast Company. The collapse of WeWork’s IPO, the coworking startup’s rescue by SoftBank, and its ongoing overhaul is helping the company – which boasts 3,500 global locations to WeWork’s 625 – to expand and acquire smaller competitors, he said. WeWork’s troubles have “led to more demand for us” and “created an even brighter spotlight on the industry,” Di…

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  • Toronto Proptech Summit Co-Hosted by CREtech, Colliers and Techstars Sold Out One Week After Announcing, New Registrants Placed on Waitlist

    CRETECH

    CREtech, the leading commercial real estate technology conference and data company, in conjunction with Colliers and Techstars have announced their All-Star lineup of thought-leaders and influencers in the commercial real estate tech sector for the upcoming Proptech Summit on December 5th. The event will host leaders from throughout Canada and the U.S. in a series of fireside discussions and panels.

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  • Robots Are Taking Over (the Rental Screening Process)

    WSJ

    For decades, when you applied for an apartment, the landlord—or a tenant screening company hired by the landlord—would examine your credit file and pay stubs to verify your ability to pay rent. But today, landlords are using the artificial intelligence revolution to predict something else: Your willingness to pay rent.

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  • Like Restaurants, Buildings Will Get Grades (D’s for Energy Guzzlers)

    NYTIMES

    New Yorkers are used to seeing letter grades on restaurants and bagel shops. Soon offices and residential buildings will be getting something similar. Beginning next year, midsize and large buildings will not only have to report how energy-efficient (or not) they are, they will also be required to post letter grades issued by the city, based on the data the buildings submit. “We have buildings with A’s and buildings with D’s and everything in between,” said Kelly Dougherty, the director of energ…

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  • Blackstone Moves Out of Rental-Home Wager With a Big Gain

    CRETech

    Blackstone Group Inc.  has closed the door on its giant rental-home gambit. The investment firm late Wednesday sold the last of its stake in Invitation Homes Inc.,  the company it created after the housing crisis to scoop up tens of thousands of foreclosed single-family properties from the courthouse steps, spruce them up and rent them out. Blackstone began whittling its position in March through a series of bulky stock offerings. The last, on Wednesday, was for nearly 11% of Invitation’s shares…

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  • PropTech Summit 2019: Uncovering the Latest in Real Estate Tech

    SAPPHIREVENTURES

    Last week Sapphire Ventures and NFX joined forces to co-host our 2nd annual PropTechCEO Summit.  It was a pleasure, as always, to team up with Pete Flint and host this special invite-only gathering of more than 175 entrepreneurs and investors.  It was great to see so many familiar faces, and welcome many new ones, into the expanding PropTech community.  

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  • Amazon’s secretive new Seattle store reportedly part of push to expand ‘Go’ tech to bigger locations

    GEEKWIRE

    After four years of silence, Amazon confirmed last month that the “Amazon Go team is running internal tests” at a prime retail location in Seattle’s popular Capitol Hill neighborhood that is much larger than the tech giant’s typical cashier-less store. It turns out the store may be part of a push to expand the Amazon Go technology to a larger supermarket-style format. Bloomberg reported that the tech giant wants to open Amazon Go stores as big as 30,000 square feet, the size of a typical superma…

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