3 Questions with Honest Buildings’ Riggs Kubiak
CP EXECUTIVE
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CP EXECUTIVE
GLOBEST
VENTURE BEAT
Verizon may have been the world’s first major carrier to launch a commercial 5G network, but a new report suggests that its 5G Home service isn’t practically scalable — its short-range 5G “small cells” are expensive to install, reach too few customers, and might not be economically feasible for a nationwide rollout. That’s the harsh conclusion of research analysts at MoffettNathanson (via MultiChannel), whose “Peek Behind the Curtain of Verizon’s 5G Rollout” report and followup conference cal…
GLOBEST
WASHINGTON, DC—People are spending more and more time in the workplace. Nationwide, the 40-hour work week has become a 47 hour week. In the DC area, the work week averages 48.4 hours. As a result, workers are struggling to balance the demands of their work with their personal lives causing more stress and thus creating the need for wellness and other health-related programming in the workplace. In response, Carr Properties has created the Carr Experience. “The Carr Experience is a reinvention…
GEEKWIRE
Buying and selling hundreds or even thousands of homes at the same time gets pretty expensive — just ask Opendoor and Offerpad. The two real estate companies are leaders in the increasingly competitive “iBuyer” market, and they’ve both raised gobs of cash to buy and sell more houses, up their product offerings and expand to more markets. Both announced blockbuster nine-figure funding rounds in just the past week. These huge raises come as Seattle real estate heavyweight Zillow embarks on a…
COMMERCIAL OBSERVER
Sonder, a startup on the rise, is expanding in New York. The Montreal-based company turns apartments into short-term hotel rooms, and is taking advantage of an Airbnb-sized hole in the market. While Airbnb had unleashed the world’s appetite for vacation rentals, it couldn’t deliver on the predictable quality of a hotel, and has been entangled in legal challenges in New York from inception….
THE REAL ESTATE INNOVATORS
Elie Finegold is a Venture Advisor and Entrepreneur in Residence at MetaProp NYC. Elie is an experienced Entrepreneur, Corporate Strategist, and Senior Executive at the intersection of Real Estate and Technology. Advisor to both startups/growth companies and Venture Capital/Private Equity firms. Former head of Global Innovation at CBRE (NYSE:CBRE), founding President of Island Global Yachting and founding partner at Island Capital Group, Chief Innovation Officer at Insignia Financial Group (N…
TECHCRUNCH
The growth of Airbnb — and likewise other platforms like Booking.com, VRBO and HomeAway for listing and renting short-term accommodation in private homes — has spawned an ecosystem of other businesses and services, from those who make money renting their homes, to cleaning companies that make properties “Airbnb-ready,” to those who help design listings that will get more clicks. Airbnb has seen some wild success so far, but it turns out that being a part of that ecosystem can be a lucrative busi…
BISNOW
While building a co-living company to house young professionals in a community-focused setting, Common CEO Brad Hargreaves realized that as a young parent in New York City, there wasn’t anybody trying to do the same for people like him. While talking with Tishman Speyer Director of Acquisitions Jeffrey Mandel about possible development deals between Common and the development giant, Hargreaves brought up the issue, and the kernel of an idea he had to address it.
BLOOMBERG
The shopping mall in lower Manhattan’s Brookfield Place has found a tenant to take over the shuttered Saks Fifth Avenue women’s store — and it’s not a retailer. Convene, a New York-based company that provides flexible meeting and working space, signed a 10-year lease for 73,000 square feet (6,800 square meters) — most of the former Saks spot — and plans to convert it into a venue for conferences, corporate meetings and cultural gatherings. That means about a quarter of the 300,000-square-f…
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