Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CREtech
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WSJ
SAN FRANCISCO— Amazon.com Inc. recently opened its fourth cashierless convenience store here, all located within a few blocks of each other. Nearby, two startups are each demonstrating their own technology that they envision powering cashier-free stores across America. This roughly one-square-mile stretch in the tech capital’s bustling business district is emerging as a battleground to eliminate retailing’s centuries-old checkout process and reinvent the way consumers shop. …
BISNOW
Location is no longer the only amenity of consequence in commercial real estate. In today’s world, CRE tenants are actually more likely to place a premium on buildings with internal tech advances, such as artificial intelligence and the Internet of Things. A survey of 750 CRE executives released by Deloitte this week found owners, developers, brokers and investors see their investments in tech-centric tools as one of the best ways to improve overall tenant experiences.
THE REAL DEAL
Crowdfunding was once touted as the next big thing — a way for average investors to get into the lucrative world of real estate and a way for platforms to tap a new spigot of funding. The space took off around 2013, when the U.S. Securities and Exchange Commission announced new rules allowing private companies to sell securities to the general public….
GLOBEST
SAN DIEGO—CCIM designees and other top real estate professionals came together Monday morning for the CCIM Global Conference, the international commercial real estate event for trading ideas that help shape the future of the industry. This year’s conference focused on building your business and provide practical education and professional connections. Opening the event was Aeronyde’s Trevor Ragno, who talked flying cars and drone data among other things.
EQUIEM
Equiem, the global leader in commercial tenant experience technology, has made three senior additions to its New York-based US team, reflecting a fast-growing demand for the firm’s services from commercial landlords across the USA. Equiem has also announced that it has established a full-time presence on the West Coast for the first time. Founded in 2011, the firm’s market-leading tenant experience platform serves more commercial tenants around the world than any other provider, with 145,000 …
BUSINESS INSIDER
On Friday, Wendy’s became the latest fast-food chain to mention delivery-centric locations without dining rooms or takeout, commonly called ghost kitchens or dark kitchens. Abigail Pringle, Wendy’s chief development officer, said during Wendy’s annual investor day that dark kitchens would be a significant part of the chain’s expansion strategy. Pringle said the chain planned to open two dark kitchens in the US by the end of the year, having already utilized the design internationally.
MARKETWATCH
WeWork became a darling of the New York City and San Francisco’s office property markets in less than a decade. Now the office-sharing venture could become a liability as it pulls back its expansion. Here are five things to know about WeWork’s real estate footprint as the company looks for fresh funding after it shelved its initial public offering recently.
THE WASHINGTON POST
At a building site in Reston, there is something small and quiet on the roads alongside big noisy dump trucks: automated shuttles that ferry office workers whose routines have been disrupted by the construction. The shuttles’ job is to make runs from parking lots that have been shifted farther from people’s offices. But when the new offices, apartments and stores go up on the 36-acre Halley Rise development in Northern Virginia and a Metro station opens nearby, the company that operates…
CRUNCHBASE
Using data and projections from Crunchbase, this report from Crunchbase News dives deep into the state of the global venture capital ecosystem. Here, we want to assess investment and liquidity: Money In versus Money Out. In the Money In section, we will cover Crunchbase’s projections of how—and how much—the global venture capital ecosystem invested in Q3 2019. We’ll then evaluate how that result compares to both Q2 2019 and Q3 2018, giving us perspective on sequential quarter and year-over-ye…
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