Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
RE JOURNALS
CRE veteran Sheila Samii Matuscak has joined Coeo, a tech-enabled online marketplace designed for brokers and tenants to find and share commercial real estate. She and Kim Ford, LEED AP, will act as co-CEOs of the firm, which launched earlier this year.
GLOBEST
RUTHERFORD, NJ—Commercial brokerage firm Savills reports it has launched a new specialization that will be focused on property disposition services. The new unit will be headed by dispositions expert and industry veteran Gerard J. Staudt, who has been hired as a senior managing director and head of dispositions, North America. Staudt will be based at Savills operations in Rutherford, NJ. The dispositions unit will be exclusively focused on delivering timely cashflow for clients’ surplus re…
BISNOW
Amazon’s Prime Day is coming on July 15 and 16 this year, and it has already taken it into the physical realm through Whole Foods. In doing so, it has once again forced its biggest competitors to play catch-up. In the five years of the promotion, Amazon has created a sales juggernaut on an otherwise unremarkable weekday in July. Even Black Friday is losing some of its luster compared to Prime Day; the impact is so significant that dozens of major retailers have launched their own events on th…
MEDIUM
I wrote last week about my initial perspective on this acquisition which was all about validation for the importance of Access Control Technology to Commercial Real Estate (CRE) industry. But step back a moment and lets take a look at the broader impact of this deal. WeWork just declared themselves. This is the shot across the bow that should wake up the CRE industry to the fact that WeWork aims to take over your buildings. With WeWork’s acquisition of building access control and visitor manage…
GLOBEST
Los Angeles developers are taking note of the Clement Canopy buildings in Singapore. The two 40-story towers are the largest modular construction buildings in the world, and set a new standard of the potential for modular building. In Los Angeles, modular construction has the ability to revolutionize new construction, and the Clement Canopy buildings are a great example of the possibilities.
THE REAL DEAL
Airbnb has been an almost perfect embodiment of Silicon Valley’s “move fast and break things” culture since it burst onto the scene in 2008. The company — which claims to have more than 6 million listings globally (a number it says is more rooms than the six largest hotel groups combined) — became very popular very fast with the public. But it’s also faced aggressive opposition from the city government and the hotel industry since the moment it landed in New York. And that ire has not let up….
WSJ
Money makes the world go ‘round, even for WeWork. The company plans to issue billions of dollars in debt to fund its breakneck growth. Yet, while one dollar may be identical to another when it is sitting in a company’s bank account, how it is raised can make a big difference. There are few companies for which that is more the case than WeWork. The thinking behind the deal is that issuing as much as $4 billion in debt will reassure investors ahead of WeWork’s planned initial public offeri…
GLOBEST
Washington, DC—As GlobeSt’s Women of Influence conference launches this week, we have caught up with another speaker—Karen Whitt, president of Colliers International’s US Real Estate Management Services platform. As part of her role, Whitt oversees property management assignments nationwide and leads business development activities. “One of the most interesting things about this job is finding ways to improve the ways real estate works for our clients. Often we are able to identify problems t…
GLOBEST
Commercial real estate technology venture capital dollar volume increased again in June. According to the latest CRE Tech report, venture capital dollar volume hit $1.1 billion in June, a year-over-year increase of 69%. It was the fourth consecutive month that investment surpassed $1 billion. Deal volume was also strong for the month. In June, 43 companies received venture funding, a 95.5% increase month-over-month, and a 22.9% increase in deal volume year-over-year. These are new records …
WSJ
LONDON— SoftBank Group Corp. 9984 0.46% founder Masayoshi Son paid $32 billion for a giant, behind-the-scenes chip designer in hopes it could branch out and dominate the emerging market for connected devices. But so far it hasn’t delivered. U.K.-based Arm has struggled to develop and sell the software expected to underpin what is known as the Internet of Things, according to people familiar with the matter. The term refers to the growing internet connectivity of such everyday devices as cars …
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