JLL announced it has acquired Sacramento-based Hank, a virtual engineering platform powered by artificial intelligence (AI) that autonomously optimizes the management systems of commercial buildings, the former said in a release.
JLL noted that Hank's system applies machine learning and AI to solve many of...
The New York City Economic Development Corporation (NYCEDC) announced the selection of JLL Technologies (JLLT) as the City?s key partner to launch the citywide Property Technology (Proptech) Piloting Program to benefit city-owned and -managed assets.
The Proptech Piloting Program will seek to find innovative proptech...
The number of real estate technology startups has increased 300% over the past decade, according to a new study by real estate services specialist JLL.
Data released by JLL suggests that opportunity continues to abound in the sector's startup landscape, with over $9.7 billion of...
JLL recently announced that it has reached an agreement to acquire Skyline AI, an artificial intelligence (AI) technology company that uses proprietary machine learning models to gain a competitive advantage in the origination and analysis of real estate opportunities.
JLL said that the transaction is...
Mapped uses AI and edge software for commercial and industrial IoT
Mapped, an AI-powered data infrastructure platform for commercial and industrial IoT, announced that it closed its seed II funding round.
The company said it raised a total of $6.5 million in seed II funding on...
Planon, which provides real estate and facility management software, announced the launch of its online marketplace to offer new add-on applications and integrations, which have been developed by Planon and its network of technology partners.
"Planon's new marketplace provides a very visible illustration of where...
Smart buildings ? those that deliver outstanding outcomes for all users, through digital technology, to exceed their evolving expectations ? have the power to transform the way we live, work and communicate. With the right technology at their fingertips, landlords can equip their offices...
Australian tenant experience platform Equiem has acquired Vicinitee - British Land?s digital property management platform, used across more than 150 buildings throughout the U.K., including Broadgate, The Shard and The Gherkin.
Equiem said that Vicinitee?s additional property management functionality will be integrated into Equiem?s platform...
Nordic PropTech software company Nuuka has joined the RealEstateCore Consortium (REC) with the aim of adding further value to real estate portfolio owners.
In a statement, Nukka noted that demand for resilient, and remotely operated buildings is a major driver for today's digitalization of the...
Chinese real estate firms seems to be more willing to implement property technologies, according to a survey of 200 companies carried out by Jones Lang LaSalle (JLL), a professional services firm that specializes in real estate and investment management.
JLL?s "Reimagine the Future of Real...
I was supposed to go to Cannes, France in March, and then maybe in June, for the annual MIPIM event. Instead, I ended up engaging with the event virtually, trading the South of France for my one-bedroom apartment in Madison, WI. I realize that,...
Hong Kong telecom services provider HKT and Worldwide Executive Limited (WEC), which is a professional services provider for property managers, are collaborating to deliver what they claim to be Hong Kong?s largest IoT-powered PropTech deployment for JLL, a real estate professional services firm.
Under the...
Every year, the number of IoT devices expands drastically, a trend that has no real end in sight. For the PropTech industry, there is a great deal of concern around how to plan projects that can accommodate and secure all of the elements of...
Commercial real estate brokers are not only currently using CRETech, but they are also planning to make additional technology investments in the next two to three years, according to a recent survey by Ten-X Comercial.
The new annual "State of CRETech" survey found that 73%...
Hitachi Asia and Singapore-based Frasers Property have signed a memorandum of understanding (MOU) involving an investment of up to S$50 million ($36.6 million) each to collaborate and drive digital transformation in the real estate industry in Asia Pacific over the next five years.
The size...
JLL Technologies tasked with proptech acceleration
Global real estate services firm Jones Lang LaSalle (JLL) announced the formation of JLL Technologies, a new business division created with the aim of accelerating innovation in commercial real estate, JLL said in a release.
The firm said that Mihir...
U.S. real estate software solutions provider MRI Software has expanded its presence in the proptech market in Australia and New Zealand via an acquisition, the company said in a release.
The firm has acquired Rockend, a provider of residential property and strata management solutions for...
U.S-based real estate and investment management specialist?Jones Lang LaSalle (JLL), together with Swire Properties and Ping An Urban Tech, announced the launch of what it claims to be the first corporate accelerator program that focuses on property technology (PropTech) in mainland China.
Named UrbanLab, the...
Proptech fund totals more than $1 billion
Fifth Wall, a venture capital firm focused on proptech technologies for the global real estate industry, has recently closed its second real estate technology fund.
The proptech firm said that the oversubscribed?$503 million?Fund II more than doubled the size...
Canadian company Pattison Onestop has partnered with Concierge Plus to provide communication capabilities and engagement experiences with the release of their property management platform, to be used in conjunction with Pattison Onestop?s digital networks.
Concierge Plus said that its web and mobile-based platform are designed...
Investment in property technology in China has accounted for approximately one-third of the total global investment of $20 billion over the past six years, the South China Morning Post reported, citing a study by property broker JLL.
According to the report, venture capital companies are...
PRODA PropTech solution uses AI for data processing
Coyote Software and control.IT have made a joint strategic investment in PRODA, a London-based PropTech business utilizing artificial intelligence (AI) technology to solve core data processing challenges.
The investment will see the integration of PRODA on Coyote and...
JLL is expanding its reach to find the most disruptive commercial real estate technology to Europe, the Middle East and Asia through a partnership with UK -based Concrete VC.
The global brokerage services firm announced yesterday that JLL Spark, its ?$100 million Proptech investment arm,...
International PropTech companies led the path with nearly 80%, or $618 million, in nine deals this month according to data released yesterday in a report by CREtech a PropTech, data and content platform which covers trends in the commercial real estate tech sector.
While the...
