Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
COMMERCIAL OBSERVER
That’s led to an uneven rollout of increasingly available smart-building technology as the field of vendors — and the growing pains associated with installing the tech — outpace landlords’ and developers’ abilities to adopt computer-driven building systems, according to panelists at Commercial Observer’s Building Technology Forum in Midtown on Wednesday morning.
CREtech
CREtech Returned to New York for 7th Annual NYC Event With Record Setting Attendance for The Premier Commercial Real Estate Tech Conference of 2019 New York, NY (October 24, 2019) — CREtech (cretech.com), the leading event, content and connectivity platform for the commercial real estate technology industry returned to NYC on October 16th and 17th for the most influential commercial real estate tech conference of 2019. The two-day conference was held at Rudin Develop…
MICHAEL BECKERMAN
Some numbers are so big they boggle the mind. Million? That’s a lot. Billion? One could name some billionaires, though scarcely conceive of the monetary reality. Trillion? It sounds like a fake number to most—an inconceivable amount of anything, let alone money. Retail’s latest puzzle is about a trillion U.S, dollars, and according to CEO Tobin Moore of Optoro, an end-to-end returns optimization solution, all trillion of it is getting returned. As shoppers move away from brick and mortar and…
FINTECH FUTURES
Financial solutions provider Geneva Management Group (GMG) has partnered with fellow Swiss-based blockchain developer Wecan Group and French real estate development group Capelli to launch a new blockchain-based product for the property sector.
THE REAL DEAL
Blueground and its new investors are banking on fast growth and a “recession resistant” model. The luxury-rental company announced its Series B funding round raised $50 million in equity financing. The round was led by Airbnb investor Laurence Tosi’s investment firm Westcap Group and Europe-based Prime Ventures. It brings Blueground’s total equity funding to $78 million.
BUSINESS INSIDER
Lisa Picard, chief executive of Blackstone’s EQ Office, outlined her view of the future of proptech and how real estate companies can put new tech to use at a presentation at a CREtech event last week.
SMART CITIES DIVE
Air pollution associated with traffic has dropped by more than a third inside London’s Ultra Low Emission Zone (ULEZ), according to a report from the city. The zone, which covers central London, launched in April 2019 and requires that drivers meet emissions standards or pay a fine.
CRUNCHBASE
WeWork is planning on laying off up to 4,000 employees following its funding rescue by SoftBank, according to the Financial Times. The company employs about 15,000 people, according to Vox. WeWork is also planning on prioritizing its operating in the United States, European and Japanese markets, while scaling back in China, India and Latin America, FT reported….
VENTUREBEAT
Billions of devices are expected to be connected to the internet by 2030, according to Cisco, a chunk of which will be highly vulnerable to intrusion and data breach. Hewlett-Packard Enterprise reported in a recent study that as many as 70% of internet of things (IoT) devices contain well-known exploits. And from 2016 to 2017, Symantec traced a 600% increase in targeted attacks against IoT products….
FINANCIAL REVIEW
Like their fellow travellers in Australia, US real estate investment trusts have had a bumper year, raising more than $US32 billion ($47 billion) in secondary equity in the first three quarters of 2019. …
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REGISTRATION IS OPEN FOR EUROPE 2030: SHAPING THE FUTURE OF THE BUILT WORLD IN LONDON ON JULY 1, 2025