Latest Trends and Insights in Real Estate Technology

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  • Tech Giants Are Expanding Presence in New York, as the City’s Tech Talent Pool Grows

    NATIONAL REAL ESTATE INVESTOR

    New York is seeing major tech companies expanding their presence in the city. The New York Times and Wall Street Journal have both reported that Google, Facebook, Apple, Uber and Amazon have plans to expand in the New York metro region. Google is investing $1 billion in a second Manhattan office campus in Hudson Square, according to Ruth Porat, CFO and head of corporate real estate with Google parent company Alphabet. The tech giant plans to double its local workforce over the next decade….

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  • Fifth Wall Raises $500M Fund to Invest in Proptech

    COMMERCIAL OBSERVER

    Los Angeles-based Fifth Wall Ventures has raised $503 million to invest in technology companies targeting the real estate sector, the company announced Wednesday. The fund is the second for the proptech-focused venture capital firm, which has financed companies like Redfin-rival OpenDoor, flex-space firm Industrious, and data company VTS. The new round brought in more than double the firm’s first raise of $212 million in 2017, and attracted both domestic and global capital….

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  • Next chapter in ‘evolution of the open workplace’ rolls in with walls on wheels, movable pods

    THE SEATTLE TIMES

    In recent years, new office designs have encouraged employees to get moving. Cafes and lounges beckon workers when they need a break. Open staircases spur them to climb floors rather than take the elevator. Sit-stand desks offer them a chance to stretch while continuing to work.

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  • RealPage Analytics Touts 100% Data Visibility

    GLOBEST

    RICHARDSON, TX—RealPage Inc. has introduced RealPage Market Analytics, a lease transaction-driven market research platform that reportedly provides 100% visibility into performance data that is critical for investment decisions. The platform will launch today at the company’s RealWorld conference in Orlando. The next-generation platform was developed by the RealPage asset optimization team. The analytics platform combines RealPage Axiometrics and MPF Research, and is powered by RealPage’s 13 …

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  • Oyo Hotel Founder Buys $2 Billion in Shares Back From VC Investors

    WSJ

    MUMBAI—The 25-year-old founder of Oyo Hotel & Homes, an India hotel brand, has led a $2 billion share buyback in the company, which has transformed the country’s budget-hotel industry and gone global. Oyo Chief Executive Ritesh Agarwal is buying part of the shareholdings of early investors Sequoia Capital and Lightspeed Venture Partners. The buyback, which is still subject to shareholder and regulatory approvals, will be through a Cayman Islands company called RA Hospitality Holdings, and…

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  • The Digitization of the Supply Chain: IoT and Blockchain

    COLLIERS

    The enhancement of existing warehouse management systems (WMS), with the implementation of components of IoT, has the potential to strengthen a retailer’s overall operational efficiency. Warehouse executives are on board, with 52% planning to increase their technology investments in the near future, specifically leading with IoT, blockchain, artificial intelligence (AI) and automation. The economic impact of IoT in retail environments as estimated by McKinsey will range from $410 billion to $1.2…

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  • Deloitte Clients: Moving Forward on Blockchain

    GLOBEST

    NEW YORK CITY—Kevin Shtofman, who heads global technology strategy for Deloitte’s real estate group, says 2018 was the year for testing blockchain. He adds 2019 is the year companies are assessing its value. And 2020 will be the year the technology will be adopted on a far greater scale in the real estate industry.

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  • What will proptech look like in 2019 and beyond?

    THE REAL DEAL

    Every year, MetaProp’s Zach Aarons breaks out his crystal ball, likely an app, and makes proptech predictions for the next year — and b e y o n d ! Already, it’s been a big year for proptech: Some $12.9 billion was invested in real estate tech startups, according to research firm CREtech. Having beat out record-breaking 2017, which saw $12.7 billion for the whole year, big tech changes could be coming real estate’s way….

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  • Avail Partners With Lemonade for Tenant’s Renters Insurance

    AVAIL

    Here at Avail, our values are extremely important to us. That’s why we only partner with companies that align with our values and make lives easier for DIY landlords and their tenants.  As of July 17, 2019, Avail has partnered with Lemonade to become exclusive partners in providing renters insurance to tenants nationwide. Through Lemonade’s advanced machine learning technology, we’re now able to seamlessly provide digital proof of insurance — eliminating the outdated process of tenant’s having t…

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  • WeWork Leases 135K SF at Onni’s Wilshire Courtyard

    COMMERCIAL OBSERVER

    WeWork has taken its thirtieth space in Los Angeles County with a new lease at Onni Group’s recently purchased office complex in Miracle Mile. The flex office firm signed a lease for over 135,000 square feet spanning four floors at 5750 Wilshire Boulevard, one of two buildings at Wilshire Courtyard, according to information from WeWork.

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