Dubai is known for pushing new construction boundaries, from 3D printed buildings to man-made islands. Next up on the city’s innovations list: a rotating 80-story skyscraper where the residents can view sunrise and sunset from the same window.
CommissionTrac is the first cloud based application of record for all things commissions and accounting for commercial real estate. Capture deal data and key transaction details, automate accounting functions and keep a pulse on everything with agent and management dashboards and reports. CommissionTrac is making their debut appearance as an exhibitor at CRE // Tech San Francisco.
Premium co-working space provider Industrious continues branching across the United States with the recent acquisition of PivotDesk, an office-sharing marketplace. At the same time, the company announced a Series B follow-on financing round.
Fact: In the United States, a solar photovoltaic panel system is installed every four minutes. Increasing awareness of mankind’s impact on climate change combined with rising electricity costs is driving demand for alternative energy sources. Solar energy appeals to individuals and corporations because it’s sustainable, renewable, and free of noise pollution. A residential rooftop solar system can cut CO2 pollution by 100 tons in its lifetime.
Given what’s at stake in a commercial real estate industry that’s worth tens of billions of dollars, probability and instinct alone are too fallible to drive meaningful business decisions. And while the rise of big data may indeed be an arbiter of industry-wide transformation, it must be implemented in a way that saves time, increases output, and informs strategic investment.
As part of its push to gain ground in a market dominated by online retail shopping giant Amazon, Wal-Mart announced a new tech investment division in Store No. 8. The shopping center’s new venture foster technology concepts aimed at boosting online sales.
Marketcircle’s newest version of Daylite, their Mac CRM and project management program, brings a fresh perspective on production and efficiency. Daylite 6 centralizes all business activities into one hub, allowing various business units and their individual team members to collaborate and function with real-time accountability. However, set apart from former versions and other CRM/project management products, Daylite 6 features a new Team View, which, I believe can transform not only workflow and productivity, but also the overall attitude and thinking of how businesses operate.
There was a time, not too long ago, when internet outages and unreliable speeds were a regular annoyance for businesses – simply an unfortunate fact of life. That, of course, was before seemingly every aspect of most modern companies became dependent on digital communications, cloud storage, and the like. Now, connection-related disruptions aren’t just merely annoyances; outages can cripple a company whose very success derives from its ability to execute real-time transactions across the global marketplace.
The VTS executive team announced it’s growing by two. Michelle McComb will be the Chief Financial Officer and Tim Harvey will serve as Executive Chairman for the leading real estate leasing and asset management platform. The additions come just months after VTS, a leader in leasing and asset management, merged with Hightower at the end of 2016.
Anyone involved in the CRE industry is familiar with the tedious the loan application process. PropertyGo connects borrowers direct with commercial real estate lenders using a single loan application. Built from the ground up to use the latest technology developments, using Property Go generates cost savings and speeds up the lending process. All the savings are passed onto the consumer.
Think back ten years. How did commercial real estate professionals conduct daily business? Contact data spread across multiple spreadsheets, tracking sales pipelines required several days (or longer) of analysis and finding the right listing still needed time working the phone. How far technology has come! Databases automate, big data is generated in real-time in easy to read charts, and finding the right CRE space can be done with the click of the button. Women played a significant part in streamlining how CRE conducts business. The leading tech executives listed below continue pushing the boundaries of what is possible.
It is no secret shopping centers have experienced some big hits over the last decade with the exponential growth of online retailers and revolutionary changes in shopping behaviors. What shopping centers need to focus on now more than ever is the new imperative brought about by Millennials and intensified by Generation Z: shopping must be convenient and customized. Of course, today’s convenience uses technology to individualize experiences and one thing Generation Zers know more than any preceding generation is technology. Their expectations for customer service have raised the bar for convenience and customization, and only the shopping centers that answer this call with engaging tech will be left standing.
The evolution of modern retail spans a spectrum of strip malls, shopping centers, and big box standalones, yet never has it found itself at the crux of change as it is today. While many long-time favorites, like Macy’s, Kmart, and Office Depot, suffered significant losses in terms of profits and store closures in 2016, the retail industry remains optimistic that the mall will not die in 2017. In fact, what consumers can expect and have been instrumental in shaping is the resurrected mall and, as blogger Suhas Sreedhar cites, a “rebirth of retail.”
Connecting the right people at the right time is what successful business is about. Officespace.com is a nationwide service that connects brokers representing office, retail, and industrial properties to the tenants searching for the right space based on their business needs. OfficeSpace.com is a completely free and open platform - tenants and brokers can search the database as often as they want and without any paywalls.
Over the last two decades, as Amazon does, so goes the retail industry, or at least they try. In fact, most quarters it seems the only encouraging retail sales data comes from Amazon, with the exception of a few seasonal bumps from WalMart, Target, or Best Buy. And now, even local grocers are feeling the impact of online services like Fresh Direct or Blue Apron. So, how do you solve a problem like Amazon Prime or Fresh Direct?
CBRE’s Asset Services business has significantly improved its property management platform with the enhancement of two major systems, PULSE and Aspire.
With all of the talk about Millennials ruling the marketplace for the next 30 years and Generation Z, ages 5-19, already expecting the world to revolve and evolve around smartphones, mobile apps, digital space, and mixed reality, how can retailers make the cut in 2017? For starters, this last installment of our five-part series on the retail tech industry offers retailers a game plan to embrace top technology trends to improve profitability and position in the marketplace.