Sports

International Champions Cup 2016 – Carlo Ancelotti and Italian Football Coaches 

Watching Real Madrid playing against Bayern Munich as part of the International Champions Cup tonight I realized that 3 out of 4 coaches are Italian: Ancelotti for Bayern, Montella for Milan and Conte for Chelsea and that Ancelotti coached all four of the teams that are playing tonight. 

As a long time fan of Italian football, I know that it has seen better days. Still, it is nice to see Italian coaches shine. 

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

Xinyan, Block Chain And The New Chinese Contribution To New York’s Real Estate

China’s contribution to U.S. and the world economy

For years, when it came to China and the U.S. real estate things were very relatively straightforward –  American business went to China to find cheap labor, while Chinese companies, investors and private citizens were increasingly pouring their money into American real estate. It was just a matter of time until things started changing and what I saw at the Waldorf Astoria this past Monday might be the beginning of the next phase.

Earlier this week at a formal and an extremely very well organized event at the Waldorf Astoria in Manhattan, Xinyuan unveiled their block chain platform, named Fangyixin. Among the invitees were New York real estate developers, builders as well as members of the Chinese media and business circles here in New York. The entire executive team from Xinyuan, including Chairman Zhang, President Edward Cui and the head of their international operations, John Liang, were in attendance, which shows how much Xinyuan cares about this project. The tech/data side was represented by Xinyuan’s chief data scientist and the data scientist from IBM China. IBM is Xinyuan’s partner in this project. As expected, China’s consul in New York was also there and he was the one who made the opening remarks.

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The consul started by saying that the Chinese government sees this project as a great contribution of Chinese people and companies to the American and world economy.

He acknowledged that in the past the U.S. contributed much to China in terms of economic and scientific development and emphasized that now it it is time for China, its companies and Chinese entrepreneurs to return the favor by bringing innovation back to the U.S. Chinese government officials view this as a great step forward in the bilateral relations between the two countries. Of course, they are very proud of this moment. It is also a very healthy indication that the technology scene in China is maturing.

The consul finished by stressing yet again that the goal of the People’s Republic of China remains turning China into a technology superpower, while working in consort with the rest of the world. It expresses China’s desire to lead the world with the U.S. in terms of technological and scientific progress.

Blockchain and digitalization of real estate

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Xinyuan’s Chairman, Mr. Zhang, was the next speaker. He spoke in Mandarin and his speech was broadcast in English via the headsets we received at the front. He started by giving a brief background on the relationship between Xinyuan and IBM. The two companies  have developed this project together over the course of the last year.

He then spoke about complexity of real estate deals and how streamlining transactions is key. Block chain provides the information and transparency that make it more efficient. Blockchain will also be very effective for B2B transactions. Xinyuan believes that their platform could be a true disruptor in the traditional practice of real estate, whereby in the future home buyers and investors will not only be able to buy but also finance their purchase.

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In terms of the partnership between Xinyuan and IBM, IBM provides the infrastructure and Xinyuan provides the data.  Xinyuan wants to build the future infrastructure of fintech. They do understand that this is going to be a collaborative effort by all industry players and they are looking forward to building new relationships with their American counterparts in attempt to modernize real estate markets. The platform will go live in China next month, Aug 2016.

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Event attendees networking at the event

After that, we moved into the Q&A part of the presentation with Mr. Cui and Mr. Liang taking questions from the crowd. Asked about their current projects, Mr. Cui confirmed work on Xinyuan’s new development site at 10th Ave and 45th street, which will eventually deliver 88 luxury units. He reiterated the idea that digitalization of real estate is imperative and block chain is in the center of it.

China’s incresingly hot tech scene

Two keys things that I personally took away from this event. First, it is exciting to some, and probably quite unsettling for others, to see how technology continues to evolve and change the landscape of commercial real estate in the the city that sets standard for the rest of the world. It might be true that this is just the beginning, but it is exciting nonetheless. Second, the fact that it is a Chinese company that asks to be at the forefront of this change is not only a compliment to the company itself but is yet another sign of how hot Chinese tech scene has been and will continue to be. Foreign investors will be wise to take note. If you happen to be one of them and would like to invest in early stage Chinese technology companies, I will be happy to put you in touch with one of the most reliable and successful VC firms in China.

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Yours Truly

Lastly, big compliments to the organizers, including the staff at the Waldorf. The entire event was conducted in both languages with both English and Mandarin simultaneous interpretations available to the attendees. Everything from the beginning to the end was perfectly done.

 

 

 

 

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Digital Nomad, Innovation & Technology, International

Having Fun (And Doing Business) In The Sun – WSJ

12_04Today I was featured in an article by Sue Shellenbarger on the front page of the Wall Street Journal, “This Cabana Has Lousy Wi-Fi”. It is both insightful and entertaining! Click here to read it.

If you have never heard the term “Digital Nomad” before, now you have. It is not new and I didn’t invent it, but I am – just like many of you – am a digital nomad. Read more on this here Mike Elgan:”I am a digital nomad and so are you”

It is one of the great effects that technology has on our lives. We can now work – more than ever before – from anywhere. I have written about this before in my previous coverage of some of the tech events in New York, where many of the founders, investors and entrepreneurs see this new reality as big part of their overall vision – allowing people to conduct business anywhere, giving new meaning to their work and allowing them to lead richer and more meaningful personal, family and business lives.

 

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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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