Latest in Commercial Real Estate Tech News by CREtech

Now You Can Build Your Own Real-Estate Empire, $100 at a Time

WSJ

9/30/2019

A financial-technology startup is taking on the difficult task of enticing mom-and-pop investors to invest in small slices of office towers and other commercial buildings. Lex Markets aims to serve as the intermediary between investors and real-estate firms looking to sell stakes in individual properties, arranging securities sales in increments of $100 and listing the offerings on its platform. It is the latest effort to capitalize on retail investors’ growing anxiety over the lower ret…

Well Buildings Are Key to Employee Satisfaction

GLOBEST

9/30/2019

ORLANDO, FL—The way a building is designed and the way people operate within the building has an impact on the people inside. That is according to panelists during a breakout session at the CREW Network Convention. Whether they live, work or play in the building, the amenities you offer can impact satisfaction and retention for employees and tenants. First up was speaker Jessica Cooper, International WELL Building Institute, who talked a bit about elevated stress levels, health, physical and …

The purge continues: WeWork’s head of real estate is leaving

THE REAL DEAL

9/30/2019

Today’s roster of WeWork departures includes Granit Gjonbalaj, the company’s head of real estate development. Gjonbalaj, who oversaw real estate operations including design, construction, project management and development, signalled his intent to resign earlier this week, people familiar with the matter told The Real Deal. He is currently negotiating his exit package. Gjonbalaj said in a statement that he was proud and honored to have worked at WeWork and was confident the firm would do w…

Virtually No One Will Lease to WeWork. That’s a Drag on NYC’s Office Market.

WSJ

9/30/2019

Turmoil at WeWork is causing the shared-office-space company to all but stop signing new leases, a fresh blow to New York City’s already softening commercial real-estate market. Since We Co. Chief Executive Adam Neumann stepped down on Tuesday, the company has reversed its rapid growth strategy, looking to slow its expansion, shed head count and assets, and move closer to profitability. That new approach initially included a decision to forgo signing any new leases, according to people f…

Durst Ready: Developer to launch flexible office space arm

THE REAL DEAL

9/27/2019

When the Durst Organization rejected WeWork’s bid to take 12 floors at One World Trade Center last year, the developer had an idea for its own flexible office space operation. The concept of Durst setting out on its own ultimately wasn’t the reason for giving WeWork the boot, but the embattled co-working giant did help inspire “Durst Ready,” a new flexible office space leasing arm that will launch next week. The company saw an opportunity to compete with co-working firms for small to mid-size…

Real Estate Tech Startup Cadre Hits $100M in Investor Returns With Chicago, Atlanta Property Sales

FORTUNE

9/27/2019

Real estate tech startup Cadre has made waves in recent years for a platform enabling individuals to invest in commercial property transactions for as little as $50,000. So far, Cadre’s model has caught on. In the five years since launching in 2014, the startup now has roughly 20,000 investors who have stakes in more than $3 billion worth of real estate assets. And with the recent sale of two apartment complexes located in the Chicago and Atlanta metro areas, respectively, Cadre says it’s …

Storage Startup Clutter, Backed By SoftBank, Aims To Disrupt Self-Storage

BISNOW

9/27/2019

Softbank-backed storage startup Clutter has acquired the Storage Fox, a self-storage specialist in the New York metro area, for $152M. The deal is Clutter’s first foray into self-storage real estate. Its existing on-demand model allows customers, via a website and app, to schedule pickup and retrieval of stored items in 2M SF of warehouse space that the company controls. The company also offers its customers images of their items in storage.

Salt Lake City Leads Nation in Flex-Office Growth

GLOBEST

9/27/2019

Salt Lake City is leading the nation in flexible office space growth. The Silicon Slope—the name given to the booming tech sector in Salt Lake City—is attracting big name flexible office providers to set up shop in the market. According to a new report from CBRE, the Salt Lake City market added 350,000 square feet of flexible office space in the second quarter, a total market increase of 89.9%.

Looking For a New Way to Live

NEW YORK TIMES

9/27/2019

This article is part of a new series on Visionaries. The New York Times selected people from all over the world who are pushing the boundaries of their fields, from science and technology to culture and sports. For James Ehrlich, farm-to-table is just a starting point for the future. The New York native, who migrated to Silicon Valley decades ago, is the founder and president of ReGen Villages, which seeks to create self-reliant ecosystems globally….

As Unprofitable Unicorns Raise Record Sums, WeWork Turns To Private Investors

CRUNCHBASE

9/27/2019

Following The We Company’s abortive attempt at an IPO, the parent company of the popular WeWork coworking brand is looking towards its old friends for the cash it needs to stay afloat. According to the Financial Times, SoftBank is “in talks” to provide more capital to WeWork. Business Insider writes that the Japanese conglomerate and investing impresario are considering providing WeWork with “a $1 billion lifeline.” Given the scale of capital that WeWork consumes, the money is needed. (More o…

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Now You Can Build Your Own Real-Estate Empire, $100 at a Time

Well Buildings Are Key to Employee Satisfaction

The purge continues: WeWork’s head of real estate is leaving

Virtually No One Will Lease to WeWork. That’s a Drag on NYC’s Office Market.

Durst Ready: Developer to launch flexible office space arm

Real Estate Tech Startup Cadre Hits $100M in Investor Returns With Chicago, Atlanta Property Sales

Storage Startup Clutter, Backed By SoftBank, Aims To Disrupt Self-Storage

Salt Lake City Leads Nation in Flex-Office Growth

Looking For a New Way to Live

As Unprofitable Unicorns Raise Record Sums, WeWork Turns To Private Investors

Latest Trends and Insights in Real Estate Technology

Search

Now You Can Build Your Own Real-Estate Empire, $100 at a Time

Well Buildings Are Key to Employee Satisfaction

The purge continues: WeWork’s head of real estate is leaving

Virtually No One Will Lease to WeWork. That’s a Drag on NYC’s Office Market.

Durst Ready: Developer to launch flexible office space arm

Real Estate Tech Startup Cadre Hits $100M in Investor Returns With Chicago, Atlanta Property Sales

Storage Startup Clutter, Backed By SoftBank, Aims To Disrupt Self-Storage

Salt Lake City Leads Nation in Flex-Office Growth

Looking For a New Way to Live

As Unprofitable Unicorns Raise Record Sums, WeWork Turns To Private Investors

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