Latest Trends and Insights in Real Estate Technology

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  • Google Claims a Quantum Breakthrough That Could Change Computing

    NEW YORK TIMES

    SAN FRANCISCO — Google said on Wednesday that it had achieved a long-sought breakthrough called “quantum supremacy,” which could allow new kinds of computers to do calculations at speeds that are inconceivable with today’s technology. In a paper published in the science journal Nature, Google said its research lab in Santa Barbara, Calif., had reached a milestone that scientists had been working toward since the 1980s: Its quantum computer performed a task that isn’t possible with current techn…

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  • Cyber Security Move to the Forefront for CRE

    GLOBEST

    Deloitte’s 2020 Commercial Real Estate Outlook predicts that commercial real estate companies will continue to invest in technology. As companies spend on these technologies, such as Artificial Intelligence (AI), apps and the internet of things [IoT], they need to be cognizant of digital security, specifically their customers’ data. Jim Berry, Deloitte’s US Real Estate sector lead, says 45% of survey respondents stated they have developed in-house cyber resilience capabilities to limit the …

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  • Fabric raises $110 million Series B to expand its network of automated fulfillment centers in the U.S.

    TECHCRUNCH

    Fabric, the startup that wants to make automated logistics available to retailers of all sizes, announced today it has raised $110 million in Series B funding. The round was led by Corner Ventures, with participation from Aleph, Canada Pension Plan Investment Board (CPPIB), Innovation Endeavors, La Maison, Playground Ventures and Temasek.

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  • Mark Ginis, Global Real Estate, Hospitality and Construction Leader, EY Speaks with CREtech CEO Michael Beckerman at CREtech New York 2019

    EY

    What is the future of the #PropTech industry? Where is the money being invested? And, despite £75b of venture capital funding being invested in the market since 2015, what are the barriers to actual adoption of the technology? Our Global Real Estate, Hospitality and Construction Leader, Mark Grinis, talks to Michael Beckerman from CREtech as they discuss the results of a new joint EY-CREtech research paper that aims to help answer these questions….

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  • [INTERVIEW] CRE Korea uses AI, big data to offer accurate realty appraisal

    KOREA TIMES

    By Baek Byung-yeul An increasing number of Koreans are using smartphone apps, such as Zigbang or Dabang, when they purchase, sell or rent apartments and other residential properties. But things are different when it comes to dealing with offices and other commercial real estate properties because there aren’t many online tools available for sellers and buyers. So they tend to depend more on realtors for market information, forcing them to pay higher commission fees. In addition, many co…

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  • Truss Announces TrussCRE in Chicago

    TRUSS

    Enhanced Platform Designed for Brokers Offers New Functionalities  CHICAGO – Truss, an award-winning marketplace for commercial real estate, announced today it is launching an enhanced version of TrussCRE, a listing and transactional marketplace for brokers. To help brokers in Chicago close more deals faster, the platform boasts two enhanced capabilities: the ability to conduct and adjust a real-time market survey and share results electronically with clients. “We’re the only ones in commercia…

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  • Amazon Counter package pickup network expands to thousands more locations in the U.S.

    VENTUREBEAT

    Amazon has announced a major expansion of its package pickup service in the U.S. Counter, as the service is known, allows Amazon customers to select a third-party location to have their parcel sent to, which may be convenient for those unable to receive a package at their home address. Retailers signing up to allow their venues to be used as pickup locations have a simple incentive: A customer entering a store to collect a parcel may then hang around to buy other things while they’e there. It…

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  • CoStar Awarded Record $500M Settlement From Xceligent In Copyright Suit

    BISNOW

    CoStar Group’s legal battle with Xceligent appeared to fade when its competitor shut down nearly two years ago, but new documents show the dispute has continued behind the scenes, and CoStar just won a major victory. CoStar and Xceligent’s court-appointed bankruptcy trustee filed a proposed judgment in Delaware Bankruptcy Court Tuesday, finding Xceligent liable for $500M in damages for stealing tens of thousands of images from CoStar’s databases.

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  • WeWork’s Multibillion-Dollar Takeover by SoftBank Could Turn Into a Money Pit

    NEW YORK TIMES

    WeWork said it was going to transform the market for office space, reinvent the way people work and elevate the world’s consciousness. But in recent weeks, the brutal reality beneath the lofty visions has emerged. After failing to go public, the company was running out of money fast and needed a bailout. On Tuesday, WeWork’s largest outside investor, SoftBank, provided a last-ditch lifeline — a multibillion-dollar takeover that would wrest control from Adam Neumann, WeWork’s co-founder and form…

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  • Soho House takes its co-working concept to Hong Kong

    THE SPACES

    Soho House has opened its second Asian clubhouse, this time in Hong Kong – and it includes the brand’s SohoWorks coworking concept. The Sheung Wan-based House will be the first outside of London to host the shared workspace, which will open next year. The clubhouse has already thrown open its doors in the meanwhile, and it continues the familiar aesthetic members of the international brand have come to expect. These include jewellery-box tones, dark woods and vintage furniture….

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