Latest in Commercial Real Estate Tech News by CREtech

FERGUSON PARTNERS ANNOUNCES LINDA J. ISAACSON AS MANAGING DIRECTOR AND GLOBAL HEAD OF FIRM’S NEW INNOVATION AND TECHNOLOGY PRACTICE

FERGUSON PARTNERS

9/25/2019

NEW YORK, NY – September 23, 2019 – Ferguson Partners is pleased to announce Linda J. Isaacson as the firm’s Managing Director and Global Head of Innovation and Technology. Isaacson, a veteran in the real estate and PropTech industries, will look to empower clients to create innovative cultures that embrace digitization and creativity through Big Data, PropTech, FinTech, ConTech and AI, among other emerging technologies and venture capital opportunities. Leading Ferguson Partners’ recruitment of…

GeoCV taps drones and smartphones to merge indoor and outdoor views

SPAR3D

9/25/2019

GeoCV is known for their ability to create smooth, realistic 3D+360 tours of existing spaces by using a smartphone depth camera for capture. The GeoCV Cloud automatically stitches together images and 3D measurements into a GeoCV 3D Tour, providing a quick and impressive result with a minimum of scanning effort. Recently, an update to the tour editing software enables users to import and merge captures from drones – opening it potential applications for larger and more complex buildings and prope…

For WeWork Investor Benchmark, a Struggle to Balance Board Duties With Founder Support

WSJ

9/25/2019

Bill Gurley, partner at venture firm Benchmark Capital, gained fame as a Silicon Valley Cassandra, railing against cash-hungry startups with indulgent boards and entitled founders. Now office-leasing firm We Co., where Benchmark is the second largest outside shareholder, is in turmoil. Co-founder Adam Neumann stepped down as We’s chief executive, the company announced Tuesday, confirming a Wall Street Journal report. The move came amid pressure from major investors after the office-leasing co…

Landlords Often Oppose Short-Term Rentals. These Developers Court Them.

WSJ

9/25/2019

Property owners have long worried that short-term rentals bring noise, crime and regulatory risks to their buildings. But some real-estate firms are starting to embrace the presence of itinerant guests. In downtown Nashville, Tenn., developers of a new 77-unit condominium project are explicitly marketing their building to owners interested in renting out their apartments via short-term listing sites.

Meet the New Co-CEOs of WeWork

WSJ

9/25/2019

WeWork’s decision to replace co-founder Adam Neumann with two chief executives suggests a desire to establish both credibility and continuity by pairing an accomplished technology veteran with a longtime insider. On Tuesday, Mr. Neumann, the company’s charismatic co-founder, agreed to step down as CEO under pressure from the board while remaining nonexecutive chairman of We Co., as the company is officially known. In his place will be the tandem of Sebastian Gunningham, We’s vice chairman who…

Tenants Seek Workplace Hospitality, Amenities

GLOBEST

9/25/2019

SEATTLE—Private equity real estate investment firm, Unico Properties LLC, a subsidiary of Unico Investment Group LLC, has appointed tenant tech provider Equiem to launch its app across three West Coast properties with nearly 2 million square feet. Equiem will roll out at Unico’s 1111 Third Ave., a recently repositioned 30-story tower in Seattle’s CBD; the Logan Building, a 10-story office building in downtown and the 42-story US Bancorp Tower, Portland’s largest office building at more than 1.2 …

Lyft revamps app to focus on multimodal transportation

TECHCRUNCH

9/25/2019

Lyft is rolling out an update that makes it possible to access bikes, scooters, transit and car rentals within the app. Uber, however, did something similar more than one year ago. With Lyft’s update, customers can more easily see all of the transportation modes available to them….

WeWork C.E.O. Adam Neumann Steps Down Under Pressure

NEW YORK TIMES

9/25/2019

Adam Neumann turned WeWork into one of the most valuable start-ups in the world largely through the force of his outsize personality. He persuaded investors to give him billions of dollars and employees to believe that the shared-office company was changing the world. That same mix of ambition and idealism forced Mr. Neumann to step down as chief executive after a lengthy board meeting on Tuesday. He was under pressure from directors and investors after he led a botched attempt to take the clos…

My Startup Chose Not To Exploit Gig Economy Workers—Here’s Why

MEDIUM

9/24/2019

I’m well familiar with the initial lure of the gig economy. Five years ago this week, on September 14th 2015, my cofounder Jessica Beck and I launched our company, Hello Alfred. As entrepreneurs developing a service-based idea, everyone we spoke with championed the idea of “flexible” 1099 labor. Instead, we made a purposeful decision to buck the trend from the beginning, choosing instead to make every employee at Hello Alfred a W-2 worker with full benefits despite higher cost, complexity, and c…

What Drove SoftBank’s Vision Fund Up Is Dragging It Down

WSJ

9/24/2019

Investors’ sudden skepticism toward pricey, profitless tech companies is threatening SoftBank Group Corp. 9984 -1.82% ’s Vision Fund, which may take a hit on some of its high-profile investments. The bungled initial public offering of WeWork’s parent, We Co., is the first big blow to the fund. Executives of the shared-office-space provider and investment bankers advising the deal expect We’s valuation to drop to one-third of its last private-market valuation of about $47 billion or possibly…

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FERGUSON PARTNERS ANNOUNCES LINDA J. ISAACSON AS MANAGING DIRECTOR AND GLOBAL HEAD OF FIRM’S NEW INNOVATION AND TECHNOLOGY PRACTICE

GeoCV taps drones and smartphones to merge indoor and outdoor views

For WeWork Investor Benchmark, a Struggle to Balance Board Duties With Founder Support

Landlords Often Oppose Short-Term Rentals. These Developers Court Them.

Meet the New Co-CEOs of WeWork

Tenants Seek Workplace Hospitality, Amenities

Lyft revamps app to focus on multimodal transportation

WeWork C.E.O. Adam Neumann Steps Down Under Pressure

My Startup Chose Not To Exploit Gig Economy Workers—Here’s Why

What Drove SoftBank’s Vision Fund Up Is Dragging It Down

Latest Trends and Insights in Real Estate Technology

Search

FERGUSON PARTNERS ANNOUNCES LINDA J. ISAACSON AS MANAGING DIRECTOR AND GLOBAL HEAD OF FIRM’S NEW INNOVATION AND TECHNOLOGY PRACTICE

GeoCV taps drones and smartphones to merge indoor and outdoor views

For WeWork Investor Benchmark, a Struggle to Balance Board Duties With Founder Support

Landlords Often Oppose Short-Term Rentals. These Developers Court Them.

Meet the New Co-CEOs of WeWork

Tenants Seek Workplace Hospitality, Amenities

Lyft revamps app to focus on multimodal transportation

WeWork C.E.O. Adam Neumann Steps Down Under Pressure

My Startup Chose Not To Exploit Gig Economy Workers—Here’s Why

What Drove SoftBank’s Vision Fund Up Is Dragging It Down

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