SmartRent Receives a Strategic Investment from the Amazon Alexa Fund
SmartRent, a Scottsdale, AZ-based provider of smart home automation for property managers and renters, announced that it received a strategic investment from the Amazon Alexa […]
Commercial
Oracle to Add Twenty New Data Centers by 2021
Software-giant Oracle Corporation plans to open 20 new data centers by 2021, its cloud chief Don Johnson told Reuters. The new data centers will more […]
Updates from the CRE World: Airbnb, CBRE, CoStar, Keller Williams & WeWork
Airbnb Leaning Towards a Direct Listing Instead of an IPOSan Francisco-based Airbnb is rumoured to be considering a direct listing instead of an initial public […]
IBM Sues Zillow Over Patent Infringement
IBM launched a lawsuit against real estate tech giant Zillow over seven charges of patent infringement related to a host of computer processes that Zillow […]
CBRE: Flexible Office Space Market to Reach 600 Million Square Feet by 2030
A new report by global real estate firm CBRE forecasts rising growth of the flexible office/coworking space market over the next decade. According to CBRE, […]
Blackstone Group Creates the World’s Largest Real Estate Fund
Private equity firm Blackstone Group said it created the world’s largest real estate fund, amassing a total of US$20.5 billion to be invested in property […]
U.S. Data Center Leasing on Record-Setting Pace in 2019
According to CBRE’s latest U.S. Data Center Trends Report, driven by demand from large cloud and enterprise users, U.S. data center leasing is on pace […]
Foreign Acquisition of U.S. Commercial Properties Plunges in 1H 2019
According to a report by Real Capital Analytics, (RCA) overseas investors in office buildings and retail space became net sellers of properties during the first […]
Google Acquires a Former Yahoo! Business Park for $1 Billion
Goolge’s unquenchable thirst for Silicon Valley property continued in July with the announcement that the tech giant paid $1 billion to buy up buildings and […]
Avg. U.S. Office Rents Rise by 4.2 Percent, Vacancy Stable at 9.7 Percent
According to Transwestern’s recently released national office report, the U.S. office market fundamentals reflect resilience, even in the face of the moderating pace of U.S. […]