Commercial Real Estate, Innovation & Technology, International, Real Estate Events, Real Estate Technology, Uncategorized

CRE Technology: On The Verge

 

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View from the conference floor

Last Thursday, I attended the DisruptCRE New York conference  held downtown  on Wall Street. I went last year, was very impressed by both the content and attendees, and perhaps even more so by event co-founder and organizer  – Mariel Ebrahimi. Based on the success of last year, I had pretty high expectations and I am happy to say that this year’s event was as good as last year’s, if not better. In its second year running, this event has managed not only to bring together various stakeholders in the Commercial Real Estate (CRE) space, but positioned itself as a powerful summit that summed up the progress in New York City’s CRE environment and established a new baseline.

The CRE tech field is now completing its 1st phase of streamlining data collection, engineering and delivery on demand. As this phase is running its course, it not only solved the obvious issues  and brought added efficiency and productivity to the industry itself with its direct participants (such as owners, brokers, asset managers, etc) but also allowed other ancillary services startups to launch their operation (such as cleaning, construction, various utilities, etc). Continue reading

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Events, Real Estate Technology

Real Estate Technology 2.0

Josh Guttman, fireside

“Success for the real estate agents and brokers of the future – both commercial and residential –  will be 50% data analytics/needs assessment and 50% superior customer service.”

Josh Guttman from Softbank and Shai Goldman hosted a great event this past Tuesday and invited some of the most interesting innovators in real estate and construction tech, namely Rich Sarkis from Reonomy, David Eisenberg from Floored, Doug Chambers, the founder of FieldLens, Riggs Kubiak from HonestBuildings and Marc Siden, who represented OnBoard Informatics.

The (seemingly) slow evolution of tech in real estate and construction

Technology has been disrupting (improving) every single industry, yet both real estate and construction always seem to be falling behind, into the category of late adopters. Which is where the conversation started. The consensus among the panelists was that it is mainly the generational change that is driving more innovation in the space. I would mention two other factors here. One, the tech industry was more interested in other areas and did not think that either construction or real estate was sexy enough. I don’t have the exact VC numbers, but I have a feeling the data would back me up on this. Secondly, some industries tend to embrace new technologies quicker than others, because of both the nature of the business and the people in it.

 

Data and Business Process Continue reading

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