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Big Week for Global PropTech Gets Underway in New York City

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Yesterday Propmodo kicked-off New York Real Estate Tech Week with a full-day conference at Durst’s 4 Times Square inside one of Convene’s newest event spaces. The sold-out event featured early Uber investor and startup political advisor Bradley Tusk who shared insights about what it takes to drive change in heavily regulated industries like transportation and real estate.

According to Tusk, there are a lot of ways that businesses in any industry can influence regulators, “To politicians, attention is the ends to the means. It isn’t effective to just donate to a campaign or buy a table at a gala. The better approach is to make them understand how a decision will bring either good or bad attention to them.” He also advised that sometimes you have to get a little mean, like when he advised Uber to create a “DeBlassio Mode” that would show long wait times and give users a portal to petition urging regulators to drop a proposed ban on ridesharing.

Propmodo’s event included 40 other speakers from global real estate technology CEOs and New York City’s leading property executives, including Michael Rudin who shared the stage with other key stakeholders responsible for the extraordinary transformation of the historical Brooklyn Navy Yard. The Yard, as it’s affectionately known, is in the process of a multi-billion dollar transformation that includes renovated industrial space housing hundreds of makers and tech companies as well as state-of-the-art new construction like Rudin’s Dock 72 building. Dock 72’s anchor tenant, WeWork, was represented at Propmodo’s event by Chief Development Officer Granit Gjonbalaj who explained that Dock 72’s new perks and multiple transportation options are luring TAMI tenants away from traditionally high-end office areas in Manhattan.

Filippo Rean
MIPIM’s Director of Real Estate Filippo Rean opens up MIPIM PropTech 2018 emphasizing diversity in real estate and technology.

Throughout the day, expert panels discussed topics including Improving Real Estate Technology Integration. VTS’s Chief Data Officer Rick Ferrino explained that real estate has always been seen as slow to adopt technology, not because industry professionals didn’t want more high-tech tools but because the companies providing these tools viewed integration with other companies as a threat to their competitive advantage. According to John Fitzpatrick, Managing Director in the Blackstone Innovations and Infrastructure group, this is starting to change as forward-thinking firms like his now demand better integration for their own tech stacks which will hopefully take the industry into a much more user-friendly future.

Today, Propmodo Co-Founder’s Travis and Franco are on the scene at the MIPIM PropTech conference in Manhattan where exhibitors and speakers from around the world have gathered to share insights and best practices and introduce exciting new technologies and platforms to real estate practitioners. Earlier this morning, MetaProp NYC’s Aaron Block and MIPIM’s Filippo Rean spoke about the importance of diversity in real estate and real estate technology. According to Rean, 30% of the attendees at today’s conference are women.

We will continue to report on New York Real Estate Tech Week throughout the week and in the coming days we’ll also share in-depth articles and videos about Propmodo’s Technology and Collaboration in the Built Environment conference as well as MIPIM PropTech’s big event today and a host of other smaller gatherings. More updates to follow.