This week’s announcement that The News Funnel has acquired CRE // Tech is yet another indication that the real estate tech sector is experiencing an era of rapid growth and consolidation. This is the third significant M&A transaction in recent times, coming on the heels of the mega VTS/Hightower merger and the acquisition of Floored by CBRE. Undoubtedly as the CRE tech sector undergoes continued growth and maturity, the deal flow will only accelerate in 2017.
The commercial real estate tech industry has launched incredible innovations that changed how CRE professionals conduct their everyday business. All year we’ve explored how technology is saving money, streamlining efficiency, and improving the client experience.
Gaining new client attention is tough in the saturated real estate market. The most successful agents constantly sharpen the tools they use to remain a top producer. For agents seeking to spice up their game, these seven strategies help real estate agents improve their marketing returns.
Just in time for your new 2017 calendar planners: the top commercial real estate events for industry professionals. Expect the CRE Tech revolution to continue with this year's trade shows and conferences highlighting the technology changing how CRE professionals conduct business.
Forget self-checkout--how about automated checkout with no lines, no fiddling with a scanner, and no hassle. Amazon announced it’s piloting a box store where shoppers walk in, grab what they want, and walk out. The first Amazon Go store, currently for Amazon employees, could flip the shopping industry on its head.
Real estate success boils down to numbers: leads generated, contacts made and deals closed. Imagine knowing how to ensure an agent’s success by with hard data on what actionable steps close qualified leads. Digsy AI removes the guesswork from managing commercial real estate agents using the power of performance metrics and data science.
A new giant is emerging amongst the shopping center REITs. Regency Center Corp. and Equity One, Inc announced their pending merger following unanimous board approval. The new REIT would have a combined market capitalization above $15.6 billion with $500 million in new projects and redevelopments underway. Company shareholders now must approve the merger.
Now your cable package includes co-working space--if you’re with Verizon. The telecommunications giant is jumping on the co-working craze with the opening of its first space at 140 West Street in Manhattan. Plans for more shared office spaces are in place for Boston, Washington D.C., and London.
Commercial real estate tech leaders VTS and Hightower announced a merger Tuesday that serves a collective customer base of 5 billion square feet. Together, the new company will combine the strongest leasing and asset management features into one platform to better serve their customer base.
Blockchain technology is poised to transform the real estate industry. Other nations have invested in the secure potential. Now the Cook County, Illinois Recorder of Deeds Office is pioneering its use in the United States through a partnership with startup Velox. The Office becomes the first government agency to experiment with blockchain’s potential for secure record keeping.
In a historic victory, America elected its first real estate developer the next President of the United States. The anticipation is rising to see what measures Donald Trump will be able to enact regarding real estate with a Republican-led congress. No one knows for certain how the election results will play out, but based on Trump’s campaign, this is what could be in store for the real estate industry over the next four years.
The International Blockchain Real Estate Association (IBREA) announced today that Noga Golan, who has held the role of San Francisco Chair since August, will immediately assume the position of President. With the launching of the Cook County blockchain real estate pilot program, IBREA's founder and President, Ragnar Lifthrasir, will transfer his efforts towards building Velox.
The MIPIM PropTech Summit capped the largest and most well attended NYC Real Estate tech week to date. The popular flagship event, the MIPIM Startup Competition, crowned three North American winners that now will attend the four-day global exhibition in Cannes, France. Over 21,000 international attendees are expected to attend the international real estate summit.
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Following a successful $5.5 million Series A funding campaign spearheaded by Canaan Partners, Mynd has opened its service to property investors in the San Francisco Bay Area. Mynd’s mobile-focused property management platform provides complete service for residential buildings 50 units and smaller.
Drone technology is taking off in the real estate industry. Residential agents use drones for dramatic shots of listings in their marketing campaigns. While this use is a boost to property videos, drone technology isn’t limited to high-flying property marketing. Drones have applications for the commercial real estate industry that are just starting to be explored.
Prepare for a bigger disruption in the Lone Star state with the return of DisruptCRE. The national technology and commercial real estate conference returns for the 2nd annual event, this year hosted Thursday, Nov. 10 at the towering Bank of America Plaza in the heart of Dallas’ Central Business District.
For quite a while now, entrepreneurs in all industries have been making use of technology in the hopes of making processes more efficient. However, when it comes to the real estate industry, innovation has been known to trudge along. The process of buying property has been largely static, but there are those looking to grab their own chunk of the gargantuan market.
Over 400 attendees and 40 technology firms attended the exclusive sold out commercial real estate industry event highlighting how technology is transforming how CRE professionals conduct business. Thought leaders and tech entrepreneurs shared featured case studies, met with emerging startups, and hosted panel discussions on the state of the industry and upcoming trends.
Walmart is in a head-to-head battle with shopping and shipping giant Amazon to be America’s top goods retailer. In a race to increase its online market share, the retail giant is building new mega-warehouses and improving its shipping logistics.
Fortune Magazine ranked CoStar Group in its 2016 list of the 100 Fastest Growing Companies. CoStar Group was the only commercial real estate technology firm to earn the prestigious acknowledgement and appeared as the 81st company.
Experience over 250,000 real world spaces from anywhere at anytime thanks to CoreVR, a virtual reality (VR) upgrade hosted by Matterport. The new feature will be available free of charge for any new Matterport 3D space created through the end of 2016.
Dealpath announced its release of a new collaboration software platform designed for investment and development teams tracks deals from acquisition to development and financing. The new development for commercial real estate (CRE) professionals helps centralize communications and reporting, increasing efficiency and saving users money.
Media innovator Matterport is leading the way in creating and distributing 3D and virtual reality content across the real estate industry. Their latest figures showcase the tremendous potential of immersive technology across various market segments with the number of new Matterport Spaces tripling over the last year.
Sharestates surpassed the $1 billion mark in loan funding capacity thanks to its latest round of capital infusion. The nation’s top online real estate crowdfunding platform will use the new funds to increase their funding capabilities, add new loans programs, offer competitive lending rates, and improve the closing process. The enhanced income stream will drive technological advancements in the user experience.