Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GLOBEST
Ten-X has re-launched its mobile app. The new app isn’t only a redesign of its existing app, but a complete ground-up rebuild with new functions that will aid in keeping brokers connected and active away from their desktop. It includes new iOS programming, leverages data and behavioral and gives users access to 70% more assets than before.
NATIONAL REAL ESTATE INVESTOR
The conference, taking place in New York this week, is covering everything from IoT to coworking spaces.Day one of the 2019 CREtech New York conference taking place in Brooklyn this week kicked off with over 2,000 real estate professionals discussing the future adoption of proptech in the industry. Some of the topics discussed showed the blurred lines between proptech and fundamental shifts in how commercial real estate is being used with the adaption of concepts such as co-living and modu…
MORTGAGE PROFESSIONAL AMERICA
Technology is increasingly part of the commercial real estate landscape but what do brokers see as the good and bad of CRETech? A new survey of CRE brokers by Ten-X Commercial and theBrokerList asked about attitudes to technology including its use and investment. It found that most are generally optimistic but there is mixed sentiment over factors including customization, complexity, cost, and job security.
BUSINESS WIRE
NEW YORK–(BUSINESS WIRE)–VTS, the commercial real estate industry’s leading leasing and asset management platform, today announced that the company has entered into an agreement to acquire PropertyCapsule, the leading marketing automation and prospecting software used by more than 50% of the top 100 retail landlords in North America. As part of the acquisition, Thomas Byrne, CEO of PropertyCapsule and former President and COO of LoopNet, will join the VTS team in the newly created position of …
CONNECT MEDIA
Boston Properties, Rudin Development and WeWork joined city officials and the Brooklyn Navy Yard Development Corporation Tuesday to launch the Dock 72 office building at Brooklyn Navy Yard. The 675,000-square-foot project is Brooklyn’s first ground-up commercial development in more than a decade.
GLOBEST
The flex office market is more than just hype and headlines. According to a new report from CBRE, flex office space is here to stay. While the office niche only takes up 2% of the total office supply in the US, it has experienced rapid growth driven buy significant office demand. By 2022, market data forecasts that 1 million workers will work out of a flexible office space, illustrating the strong demand.
GLOBEST
NEW YORK CITY- Hudson Yards in Manhattan’s West Chelsea neighborhood is considered not only one of the largest and newest commercial developments to come online in recent years, but an innovative and tech-driven hub for real estate developers to watch for years to come. Attaining its holy grail status of tech began with the build-out of a simple foundation that’d allow easy pairing of different tech solutions for changing consumer needs, according to a CREtech New York 2019 panel called “An In-d…
PR NEWSWIRE
IRVINE, Calif. and SILICON VALLEY, Calif., Oct. 16, 2019 /PRNewswire/ — According to a new survey, commercial real estate brokers are not only currently using CRETech, they are planning to make additional technology investments in the next two to three years. The new annual “State of CRETech” survey found that 73% brokers rated technology investment as important to them, with imaging/VR and transactions being the top two technology investment areas….
GLOBEST
NEW YORK CITY-The wellspring of new real estate technology companies has venture capitalists excited— but also cautious following the recent lesson from WeWork’s flopped initial public offering, as they watched the co-working company’s valuation deflate and stunted cash flows on the front lawn. Now, investors are strict about profitability with growth as the cherry on top as the market perception is that the ten-year bull run will end, according to a CREtech New York 2019 panel dubbed “Convi…
TECHCRUNCH
Proportunity, the startup that provides “help to buy”-style equity loans primarily for first time property buyers, has raised £2 million in additional funding. Billed as a seed round, backing comes from Anthemis, the fintech investor, and Axel Springer Digital Ventures, the early stage venture arm of European digital publisher Axel Springer. The startup and Entrepreneur First alumni had previously raised £1.7 million in equity and a credit line of debt financing….
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