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Latest news about commercial real estate technology and innovation

Another large office-to-residential conversion is underway in the heart of New York City’s Financial District, signaling a shift in the commercial market that’s making waves across the country. Silverstein Properties and Metro Loft, two real estate development firms based in NYC, have joined forces to fully renovate 55 Broad St....
Shopper foot traffic is increasing in U.S. downtowns, a good sign for return to office efforts, retail businesses, and urban multifamily. Foot traffic in central business districts was 27.8 percent below 2019 levels in May from 32 percent below pre-pandemic levels in April, according to Springboard data. It’s the narrowest...
Business directory and reviews app Yelp announced this week it will close offices in major markets across the U.S. in a shift to remote work. The San Francisco-based company said the move was spurred by lackluster back-to-office attendance. Yelp will shutter its offices in New York, Chicago, Washington, D.C. and...
Los Angeles will create a digital twin of a section of the city to help make its buildings more sustainable and decrease carbon emissions. The city will work with Cityzenith, a digital twin platform that’ll provide the digital twin free of charge and allow decarbonization strategies to be tested virtually...
The global real estate firm Hines will be the latest to undertake an office-to-residential building conversion, the first such project in the company’s history. Hines acquired the 24-story South Temple Tower in Salt Lake City, and the Houston-based firm plans to transform it into a 255-unit luxury apartment complex. Construction...
Gemma Burgess stepped into her role as CEO of the talent management firm Ferguson Partners last April and is already lamenting the scarcity of young talent in the commercial real estate sector. “The toughest thing right now is to try and recruit that next generation of leaders, folks who have...
The struggle to get workers back into the office may get a little easier if the U.S. economy falls into a recession. At least that’s what real estate billionaire Stephen Ross thinks, who made the comments in a recent interview. “Employees will recognize as we go into a recession, or...
A New York developer faces scrutiny from state and city regulators after a New York Times investigation revealed several high-profile development projects may have had faked oversight from an architect. The signature of a retired architect, Warren L. Schiffman, was used in recent building designs in NYC, including the 51-story...
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