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Despite lower investor confidence, 46% of PropTech CEOs optimistic

Investor confidence in PropTech startups declined to 7.7, after reaching 8.7--its highest level in a two year growth period, due to volatility and market uncertainty, as investors scaled back funding resulting is slower portfolio growth compared a year ago, according to new report released...

Smart parking gains traction, attracts investment from CRE landlords

As the race to attract top talent continues to drive enterprises to offer the best in class employee experience, more forward-thinking landlords are investing in smart parking technology. Atlanta-based real estate investment firm Invesco, in collaboration with its tenant MSD Pharmaceuticals, has invested in a...

Why co-living is poised to be next big PropTech disruptor

In the past 18 months, the number of startups aiming to create co-living platform business models has skyrocketed. Companies like Bungalow, WeLive, Common and others have received a massive influx of capital from venture capitalist and private equity firms and its not without compelling...

PropTech funding declines 24%, despite uptick in deals

Despite the significant uptick in the number of Proptech investment deals,?global investment in real estate technology declined to $9.6 billion experiencing a 23.7% year-over-year drop in total volume last year. The average amount invested declined by nearly 32% to $25 billion from $36.3 billion...

PropTech: Co-living provider Bungalow outpaces WeLive, Common and Ollie

Bungalow, a co-living housing provider has, outpaced competitors WeLive, Ollie and Common to become the country?s fastest-growing shared living startup after announcing that it has more than 1,250 housemates in 10 of the nation?s most expensive cities. ?The fact that we have doubled our...

CREtech acquires PropTech research firm, enhances education on funding trends

CREtech, a commercial real estate technology event and content management company, announced the acquisition of RE:tech a research platform which disseminates information about PropTech funding trends.? The strategic acquisition, which Michael Beckerman, CEO of CREtech describes as critical to the company?s growth, will enable CREtech...

PropTech investment soars; 53% of CRE firms will directly invest in startups

A new report reveals that technological investment in PropTech for commercial real estate (CRE) interests will continue to rise in 2019 as industry leaders take a more active role investing in innovation. More than half, 53%, of commercial real estate firms are directly investing in...

Site 1001’s big data platform provides building health record for CRE valuation

Imagine if you could have an entirely digital record of your commercial real estate building from blueprints and design drawings to records and recommendations about how to best maintain your building for optimal asset valuation. Now, Site 1001, a big data platform for smart...

PropTech watch: Truss, Measurbl and Knock get interest from top VC

Investment and funding for PropTech gained momentum this week with PropTech firms Truss, Measurbl and Knock raising funding in Series A and B investment rounds in both debt and equity form.? The funding foretells an increasing interest from financial services marketplace to invest in commercial...

PropTech startup deploys facial recognition for keyless entry

For building owners and landlords, improving tenant?experience and safety is of the utmost importance in a highly competitive marketplace. Now a?new facial recognition, AI-powered, touchscreen smart video door system offers building occupants frictionless entry - enhancing tenant experience, improving security and saving costs to building...

Top 5 PropTech trends to watch for in 2019

As private equity firms, venture capital funds and commercial brokerages continue to pour billions into the Proptech sector, 2019 will be a year when these technologies and new business models will be tested.? While there exist a plethora of solutions for real estate technology developed...

SoftBank funds PropTech smart parking app bringing valuation to $1 billion

After disrupting the commercial office space marketplace through massive investments in co-working giant WeWork, Masayoshi Son-led Japanese SoftBank Group is now capitalizing on another under-utilized asset in the commercial real estate sector- parking spaces. And get ready--the way we park is about to get...

Preparing for 5G is the next evolution in cellular for commercial buildings

As the onset of 5G, the next evolution in cellular technology, approaches, future-proofing their assets remains top of mind for commercial real estate landlords and property owners. Cellular connectivity, often called the fourth utility, has become the most significant pain point for tenants, and...

Dasher Lawless and Siemens partner on automated parking garages

Automated parking a big space-saver for commercial real estate Population growth and migration to densely populated urban areas are increasing the requirements for parking, which continues to be a persistent problem for commercial real estate developers trying to maximize square footage to meet the demand...

How digital twins unlock value beyond BMS in commercial office buildings

For building owners and portfolio managers, improving tenant experience and future-proofing as technological advancements in 5G, IoT-based sensors and data analytics continue to expand at an increasingly rapid pace, remains top of mind. The single most powerful means of unleashing the potential of real commercial...

PropTech watch: Top venture capital investments in real estate tech

Large private equity players made big bets in late-stage PropTech venture capital funding rounds totaling nearly $3.30 billion to companies like WeWork, Nested and Property Finder in the month of November, according to RE-tech. A mix of venture capital from private equity and debt financing...

PropTech firm creates platform to prevent money laundering

Money laundering continues to a common pain point for commercial real estate firms where large sums of capital often acquired illegally is moved from offshore accounts to pay for real estate transactions. A whopping $1.1 trillion left developing countries in illicit financial outflows in 2013,...

Strong job growth and GDP boosts commercial office leasing in tech markets

The U.S. commercial office leasing market was lifted by strong job growth and GDP performance, and continued to climb a steady pace in the third quarter of 2018, according to a ?new report by Colliers. Demand for office space was elevated with 84% of the...

Tiffany & Co. deploys signal boosters to improve cellular coverage

An image of Audrey Hepburn eating a croissant as she peruses across the Fifth Avenue display cabinets in Breakfast at Tiffany's is perhaps what flashes in your mind at the mention of Tiffany & Co. ?However, what you might not remember are the old-fashioned...

Frisco Station’s 5G digital infrastructure attracts tech-savvy office tenants

Located just outside of Frisco, Texas?s North Platinum Corridor is a private development built with AT&T's 5G evolution technology and is heralded as the most connected community in the nation. Frisco Station, a 242-acre mixed-use comprised of commercial office, residential, medical, retail and restaurant district...

Enertiv’s smart building digital twin saves building owners 20%

Until recently most building operations solutions have relied on static and siloed forms of data visualization which often provide incomplete and fragmented information regarding building operations. Now, Enertiv, a smart building operations specialist, has launched Enertiv 360, a new application that embeds real-time sensor...

The Internet of Buildings: Using DAS as a smart alternative

Wireless internet connectivity has become a major consideration in the development of smart buildings. Eighty per cent of mobile usage occurs indoors today, and the infrastructure must be in place to support this demand. But it isn?t only smart phone usage which buildings will...

CREtech’s PropTech venture conference draws record-breaking crowd

A record-breaking 1,000-plus members of the PropTech investor and startup community attended?CREtech's Venture Conference in New York City yesterday. The event, which featured speakers ranging from angel to key venture capital private equity investors, offered startups and commercial real estate industry professionals the opportunity to...

Top commercial real estate brokerages making a play for big data

The top commercial real estate brokerages are making massive PropTech investments in data analytics, according to a panel of experts who spoke at CREtech?s New York Venture Conference yesterday. Big data will become the most critical technology driver in the commercial real estate brokerage industry,...