Latest Trends and Insights in Real Estate Technology

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  • Surge in Elevator Modernizations as New York Prepares for Massive Upgrades

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  New York City is on the brink of a significant wave of elevator replacements, driven by aging systems, new legislation, and the push for modernized buildings. With over 70,000 elevators in the city, many are reaching the end of their 20-25 year lifespan, and landlords are facing costs of up to $500,000 per replacement. Several factors are…

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  • Contrarian Investors Bet Big on Office Market’s Revival Amid Distress Sales

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  As office occupancy remains below pre-pandemic levels, a growing group of investors is betting millions on the revival of office buildings. Menashe Properties, led by Jordan Menashe, has purchased four office properties at significant discounts, confident that demand for office space will rebound, similar to the resurgence of past fashion…

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  • The AI Hype Has Faded, but the Technology’s Future Remains Bright

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  In an article by CREtech’s Head of Content, Emily Wright, the current state of AI in the business world is assessed, particularly in light of inflated expectations. Despite the initial excitement surrounding AI’s transformative potential, such as the surge in use after the launch of ChatGPT in 2022, the urgency has diminished. Nvidia’s re…

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  • Google Launches Heat Resilience Tool to Help Cities Combat Rising Urban Temperatures

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Google has introduced a new heat resilience tool designed to help city planners and decision-makers mitigate the impacts of extreme heat, especially in vulnerable urban areas. Using satellite-based, high-resolution land surface temperature data combined with machine learning, the tool identifies heat absorption factors like buildings and …

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  • Will a potential U.S. interest rate cut drive tech adoption in the real estate sector?

    Emily Wright – CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin. As fall rolls around, so too do some significant dates for the diary. Labor Day, back to school for many and, of course, the big one – the Federal Reserve meeting on September 17th and 18th. Jokes aside, for the commercial real estate sector that third and final date is likely to be the one most keenly marked in the calendar. Underlined and underlined again…

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  • Planera Secures $13.5M to Revolutionize Construction Scheduling with AI-Driven Software

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Planera, a construction-tech startup specializing in scheduling and planning software for commercial construction projects, has raised $13.5 million in Series A funding. The San Jose-based company offers a digital whiteboard-like platform that simplifies and modernizes project scheduling, integrating with tools like AutoDesk and Procore. …

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  • Fortera Secures $85M to Scale Innovative Low-Carbon Cement Production Technology

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Fortera, an advanced materials manufacturer, has raised $85 million in Series C funding to accelerate the global deployment of its low-carbon cement technology, ReCarb®. This innovative process captures CO2 emissions from existing cement production and converts them into low-carbon cement, offering a scalable and cost-effective solution f…

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  • North American Data Center Construction Surges 70% Amid AI and Cloud Expansion, CBRE Report Finds

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Data center construction in North America’s top markets has soared by 70% year-over-year, reaching a record 3.9 gigawatts, according to a CBRE Group report. The surge is driven by the growing power demands of AI and cloud computing, with more than 500 megawatts of new data centers added in the first half of 2024. This expansion has pushed…

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  • Former Goldman Sachs Exec Aims to “Massively” Scale Climate-Proof Real Estate Venture with Steyer

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Joseph Sumberg, a former managing director at Goldman Sachs, is betting big on the impact of climate change on the real estate market. Partnering with billionaire investor Tom Steyer, Sumberg leads the real estate division of Galvanize Climate Solutions, focusing on acquiring and climate-proofing properties. He views this as the “biggest …

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  • Facebook Taps into Innovative Geothermal Technology to Power Data Centers, Reports The New York Times

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Facebook is exploring a new type of geothermal energy to power its data centers, according to a report by The New York Times. This move highlights the tech giant’s commitment to clean energy as it seeks sustainable solutions to meet its growing energy demands. The innovative geothermal technology could provide a consistent and renewable power…

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