Latest Trends and Insights in Real Estate Technology

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  • Smarking Boosts Commercial Real Estate Revenue and Asset Value Via Dynamic Pricing Engine for Parking

    YAHOO FINANCE

    SAN FRANCISCO–(BUSINESS WIRE)– 163% average digital parking revenue uplift in over 10 regions Smarking, the commercial real estate industry’s leading provider of business intelligence and yield management software solutions for parking assets, today announced the official release of the industry’s first algorithmic and fully-automatic dynamic pricing engine. The product, known as AYM (read as “aim”; Automated Yield Management), utilizes Smarking’s business intelligence solution to capture hi…

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  • Here’s a new twist on crowd funding – raising money to buy two Tampa Bay office buildings

    TAMPA BAY TIMES

    ST. PETERSBURG — You’ve probably heard of crowd funding as way to raise money for medical bills, emergency housing or a trip to a big event by the local high school band. But how about to buy an office building? Feldman Equities recently did just that, using money from multiple investors to help finance its $18.2 million purchase of Castille at Carillon. The Tampa-based company went through the CrowdStreet Markeplace, a crowd-funding platform, to acquire the two buildings in the Carillon Office…

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  • Office Landlords Deploy Tech to Enhance Natural Light, Draw Tenants

    GLOBEST

    NEW YORK CITY- Office landlords were slow to adopt technology, but now are wasting no time to use it to transform every inch of their properties, including natural light let in through windows. The topic is on the agenda of next week’s CREtech New York 2019 conference. This feature may appear minor in asset make-up, but when optimized can lower overhead costs and attract tenants, Piers McNaughton, director of health strategy at View Inc., a real estate glass technology company, tells GlobeSt….

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  • Prices Increase Next Week: CREtech New York Starts on October 16

    CREtech

    Join us for CREtech’s biggest east coast two-day conference on October 16-17, 2019. Get an all-access conference pass to discuss all things real estate tech innovation with the most sought-after speakers, the leading startups, investors from around the world, motivated developers/owners and brokers. Our sold-out events are a must-attend for real estate professionals to network, discover and transform your business….

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  • CBRE tech boss joins board of AI platform

    REAL ESTATE WEEKLY

    Okapi, a commercial real estate-focused artificial intelligence (AI) platform, has raised $5.5 million in Series-A financing. The funding round was led by Marius Nacht, the co-founder and chairman of Check Point Software Technologies and a hi-tech entrepreneur, and brings the total amount of capital Okapi has raised to $8.4 million. Founded by Iris Tsidon and Maya Gal, Okapi is a machine learning-powered software platform that analyzes disparate streams of property-related data to provide …

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  • Not betting on iBuying would be an “existential threat”: Zillow CEO

    THE REAL DEAL

    Since returning in February to lead the company he founded 14 years ago, Rich Barton is muscling Zillow into the crowded instant-homebuying market, setting the listings giant on the course for a major overhaul. The iBuying craze offers sellers a chance to quickly offload their property to Zillow, giving sellers fast access to cash to buy other homes. It’s a business with extremely thin margins, and requires the company to set aside massive amounts of money to make the purchases. The initiativ…

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  • NavigatorCRE Appoints Deloitte executive as COO

    NAVIGATORCRE

    Seattle, WA (October 9, 2019) —NavigatorCRE (www.navigatorcre.com), the leading Data analytics and visualization platform for the commercial real estate industry has announced the appointment of Kevin Shtofman as Chief Operating Officer. Prior to joining Navigator, Kevin’s 16-year career includes positions at Deloitte, EY, and Morgan Stanley. Most recently he served as a Global Technology Strategy Lead at Deloitte, advising real estate developers, operators, and investors, with clients across…

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  • Brooklyn Office Space Available But Only for Cutting-Edge Startups

    WSJ

    At just about any co-working space, Max Haot’s five-person outfit, Launcher, would win the prize for most intriguing startup. His company is designing a 3D-printed, ultra fuel-efficient rocket engine that will launch tiny satellites into orbit. If you can build a rocket that requires a little less fuel, he says, “You can double or triple your payload, and your revenue.” But at New Lab, the soaring Brooklyn Navy Yard co-working space where Mr. Haot rents an office, there’s plenty of compe…

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  • Boston Fed President Warns of Co-Working Risks to Property Market

    WSJ

    A Federal Reserve Bank president who has been warning about prices rising too high in the commercial real-estate market has a new source of concern: co-working. In an interview, Boston Fed President Eric Rosengren highlighted a potential misalignment in the property market. He noted that landlords are offering long-term leases to co-working firms, which then spend money to build out the space and rent it on a short-term basis.

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  • SoftBank’s Damage From Uber, WeWork Could Exceed $5 Billion

    BLOOMBERG

    Masayoshi Son’s startups have had a rough few months, from a botched initial public offering by WeWork to a sharp decline in shares of Uber Technologies Inc. Now analysts are beginning to calculate that the damage for Son’s SoftBank Group Corp. will likely reach into the billions of dollars. Mitsubishi UFJ Morgan Stanley Securities Co. cut its profit estimate for SoftBank’s Vision Fund, its main investment vehicle, by 580 billion yen ($5.4 billion) to an operating loss of 367.6 billion yen fo…

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