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Brief

Latest news about commercial real estate technology and innovation

Cushman & Wakefield has sued two of its former top capital markets brokers for breach of contract after they left the firm for rival JLL. Mike McDonald and Jonathan Napper were hired by JLL just weeks after departing from Cushman & Wakefield, and they broke five-year employment contracts signed in...
Thanks to high interest rates, supply-chain bottlenecks, and increased commodities cost for raw construction materials, prefabricated home construction is picking up speed as a substitute for traditional multifamily developments. The prefabricated construction category includes modular units (which are homes built in a factory and later assembled on-site), and manufactured houses...
Yardi, the commercial real estate tech firm, has announced another recent acquisition, as they’ve purchased Planimerton, a tech vendor that manages space, occupancy, and performance data. Yardi plans to rebuild and rebrand Planimerton’s space management product Propidex as Space Manager and make it part of Yardi’s CommercialEdge. The financial terms...
It’s not just vacant offices getting the conversion treatment anymore. Former bank buildings and branches around the country are increasingly being converted by developers into housing, co-working space, and a variety of other uses. According to data from the National Community Reinvestment Coalition and CBRE, 4,500 bank branches have closed...
Related Companies is continuing to grow its real estate footprint in Austin, Texas, a city that has exploded in growth over the past decade. The New York-based firm led by Stephen Ross recently acquired a six-acre site just south of downtown and announced two office developments in the same neighborhood....
The Federal Reserve’s interest rate push is showing no signs of slowing down, which means that the prices for interest-rate caps (derivatives contracts that the lender sells and in which borrowers are paid when a benchmark interest rate is reached) are rising in tandem, and it’s putting real estate companies...
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