Latest Trends and Insights in Real Estate Technology

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  • Oxford Properties to create 1M s/f of solar rooftops by year 2022

    REAL ESTATE WEEKLY

    Oxford Properties Grouptoday announced plans to develop a minimum of one million square feet of rooftop solar projects across North America by 2022. By piloting its rooftop solar project, Oxford seeks to demonstrate the economic benefits of solar energy, as well as the clear environmental benefits. The solar program is part of Oxford’s wider pledge to reduce its carbon emissions by 30% by 2025. The company — which co-developed Hudson yards with Related and is redeveloping the old St Joh…

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  • Developers land $162M loan for downtown Miami co-living tower

    THE REAL DEAL

    UPDATED, Sept. 12, 2:50 p.m.: Kevin Maloney’s Property Markets Group and Greybrook Realty Partners closed on a $161.5 million loan for a rental tower they’re planning in downtown Miami.

    The partners broke ground on the project, a 49-story, 646-unit building at 400 Biscayne Boulevard, in June. Centennial Bank and Square Mile Capital are the lenders, according to a press release.

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  • Meet the 7 early-stage startups blending tech and real estate that just got accepted to a high-profile accelerator. One is a TaskRabbit-like app for construction workers.

    BUSINESS INSIDER

    According to a report by CRETech, proptech investment in the first half of 2019 has already topped the amount raised in all of 2018. Funds have poured $14 billion into proptech companies in the first half, up more than 300% from the same period last year, and 2019 is on pace to be the biggest year ever for proptech investment. Proptech-focused venture firms like MetaProp, Fifth Wall, Moderne, and Camber Creek have played a significant role in the space’s rising profile. And MetaProp, founded …

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  • WeWork to List Shares on Nasdaq, Make Governance Changes

    WSJ

    WeWork’s parent company has chosen to list its shares on Nasdaq and outlined sweeping changes in its governance as the shared-workspace provider speeds up preparations for its hotly anticipated initial public offering in the face of tepid interest from investors. The moves are part of a plan by We Co., as the company is officially known, to begin officially marketing the shares to investors next week ahead of a trading debut the week of Sept. 23, people familiar with the matter said. …

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  • Facial Recognition Tech In Real Estate Pits Safety Against Liberty

    BISNOW

    Its supporters argue it can prevent terrorist attacks and catch criminals. Its critics say it is racist, ineffective and destroys civil liberties. And now commercial real estate is caught up in the ferocious debate about the use of facial recognition technology. Last month, UK developer Argent faced a storm of criticism when it emerged it had deployed facial recognition technology at King’s Cross Central, a 67-acre London scheme where Google and Facebook are building their UK headquarters.

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  • Women in CRE Tech Underline Allyship in Career Advancement

    GLOBEST

    NEW YORK—The proliferation of commercial real estate technology has increased the ranks of women leaders in a historically male-dominated field. In climbing the corporate ladder and launching new ventures, women are strategizing and building alliances to carve out their own equity in CRE tech, according to a CREtech panel called WX in New York. Relationships in CRE are key, but defining those relationships are of greater importance for women seeking actionable insight into navigating the inte…

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  • A Rapidly Evolving M&A Landscape is Upon Us In Commercial Real Estate Tech

    CREtech

    An influx of capital, increased competition, and distribution advantages have dawned an unprecedented era of mergers and acquisitions (M&A) in the real estate tech sector—commonly referred to as property tech or  “proptech.” Given the breadth of startups in the sector, consolidation is not only inevitable but also required for growth. Tech on tech mergers allow companies to share audiences, scale revenue faster and combine intellectual IP. On the other hand, real estate owners, operators and…

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  • By Land, Sea or Bike Path: How the Bronx Is Reinventing Its Transit Map

    COMMERCIAL OBSERVER

    Noah Kaminsky knew all along that he wanted to find a place of his own in the Bronx, but it was a speech from Borough President Rubén Díaz Jr. at a cycling event, of all places, that sealed the deal. “I grew up in the Bronx, and it was affordable, so I could purchase a [co-op] apartment,” said Kaminsky, a 28-year-old high school science teacher who works on the Upper East Side. But when Díaz “said, in front of everybody, that that he’s for development but he’s also supportive of not losing the …

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  • Gimbal Launches New Analytics Tool

    GLOBEST

    Gimbal has launched Trends, a new analytics tool that can track location and foot traffic to deliver comprehensive data of how people move in the physical world. The software will help marketers, business analysts, finance teams, municipal planners, and real estate developers make better business decisions. The software aggregates visitation patterns of the top brands and retailers across nearly five million unique locations. The platform then identifies and highlights shifts in market share …

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  • Amazon’s New Multistory Warehouse Aims to Cut Delivery Times

    WSJ

    Amazon.com Inc. has agreed to take space in a first-of-its-kind three-story warehouse, a new type of distribution center that could reduce delivery times in congested cities to hours rather than days. While common in densely-populated Asian and European cities, modern warehouses with multiple floors have been absent until recently in the U.S., where higher land and construction costs deterred developers. But now that more retailers are racing to deliver more same-day packages, developers…

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