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Hybrid work to trigger new investments across space and workplace software: Survey

  A new survey by research firm Verdantix revealed that that real estate firms are planning new technology investments across employee workplace experience, asset management and cloud-based security solutions. Verdantix has released its annual global survey of 285 senior corporate real estate and facilities management executives...

Poor in-building 4G coverage will impact public safety, security

Nextivity, Spry Fox Networks to facilitate in-building 4G coverage for organizations across the U.K. In preparation for new Emergency Services Network (ESN) in the U.K., Nextivity and Spry Fox Networks are joining forces to facilitate uninterrupted, in-building 4G coverage for public and private sector organizations...

JMA to deploy private LTE network using CBRS for American Dream complex

CBRS initial commercial deployments approved this week U.S.-based JMA Wireless announced it is deploying a private LTE network using 3.5 GHz Citizen Broadband Radio Service (CBRS)?spectrum for the American Dream complex in East Rutherford, New Jersey. In partnership with JMA, the American Dream complex plans CBRS...

JLL partners with Google to develop digital assistant app for office workers

    Global real estate services firm Jones Lang LaSalle (JLL) has partnered with Google to create a digital assistant application for office workers, according to a report by Geekwire. Under this partnership, JLL unveiled a smartphone-based voice assistant designed for office workers. The new app will...

Tech solutions with clear ROI to succeed in CRE market: Cushman & Wakefield

Those ?solutions with mature technology with clear return on investment (ROI) will be the most successful in the near-term in the commercial real estate segment, global real estate services firm Cushman & Wakefield?s CIO for the Americas, Melanie Kirkwood Ruiz, Cushman & Wakefield, told...

Neutral Connect Networks expands in-building wireless business via acquisition

The equity firm that controls Neutral Connect Networks acquired Connectivity Wireless Neutral Connect Networks announced the acquisition of Connectivity Wireless Solutions by M/C Partners, a Boston-based private equity firm that is the leading equity investment firm for Neutral Connect Networks. M/C Partners acquired Connectivity Wireless Solutions...

JLL pays $2 billion for Dallas based HFF to expand capital markets business

Jones Lang LaSalle Incorporated (JLL) has announced that it will acquire all the outstanding shares of Dallas-based HFF, Inc. in a cash and stock transaction with an equity value of $2 billion. The acquisition will significantly bolster its capital markets services and enable JLL...

Commercial real estate owners are leveraging social media to attract tenants

Forward-thinking building owners and developers are using social media sites like Instagram to attract increasingly tech-savvy workforce and residents. While traditionally the commercial real estate industry has not looked to marketing on social media sites, the trend has been gaining attraction as more commercial...

Why blockchain is the next big disruptor in commercial real estate

Blockchain technology, originally used for the verification of cryptocurrency transactions, is increasingly finding use cases in commercial real estate transactions where transparency and verification are of utmost significance. While blockchain has gained infamy for its use in cryptocurrency transactions,?its applications and use cases have...

SquareFoot acquires PivotDesk, enables tenants to rent unused space

PropTech firm SquareFoot, a?commercial real estate brokerage, announced the acquisition of PivotDesk a?subletting platform formerly owned by coworking provider Industrious, which enables office tenants to rent out their unused desk and office space to smaller companies. SquareFoot says the new acquisition strategically positions the company...

How private LTE and CBRS are paving a path for in-building connectivity

While the majority of use cases which support private LTE have been in the industrial, manufacturing and supply-chain sectors, with FCC rules regarding CBRS nearly complete, the technology may be an ideal candidate for IoT connectivity in smart building applications where device density is...

Commercial real estate investors remain optimistic as market plateaus

Commercial real estate investor sentiment remains optimistic, quelling fears that effects from a maturing late stage cycle, rising rates and considerable pullback from Chinese capital would significantly dampen market performance in 2019. Two-thirds of investors described the market as being somewhere in the ?middle?not quite...

JLL beats Q4 earnings estimates by 20%, revenue climbs across all segments

Jones Lang LaSalle Incorporated (JLL) reported stronger than expected operating performance in the fourth quarter of 2018, despite growing concerns from analysts over the late stage commercial real estate cycle. The Chicago-based firm reported earnings per share of $5.99 in the fourth quarter of...

JLL’s ‘Future of Work’ survey finds HR, IT to play transformative role in CRE

Commercial real estate (CRE) directors are moving beyond traditional industry drivers and increasing emphasis on outsourcing services aimed at enhancing human experience through technology. The move?is a clear indication that enterprise human resources and IT departments are poised to play a transformative role in the...

CBRE revamps 360 app to bring people-led, AI-enhanced workplace experience

CBRE has revamped its workplace app CBRE 360 and re-designed the product offering to bring an enhanced experience to clients through artificial intelligence and human-centered?tenant experiences. The rebrand of?CBRE 360,?which leverages CBRE?s expertise in workplace strategies and flexible space solutions, is called Host. It will...

AT&T and Redaptive partner to make commercial buildings more energy efficient

Commercial buildings account for 19% of energy usage in the U.S., with heating and lighting comprising more than 50% of those costs. Despite the decreasing costs associated with LED lighting fixtures and other energy savings installations, many commercial building owners have yet to adopt...

18-hour cities emerge as top areas for commercial real estate development

Second-tier cities with higher-than-average urban population growth are becoming fertile and viable areas for future commercial real estate investment. Often seen as an alternative to investment in the "big six" real estate markets--Boston, Chicago, Los Angeles, New York, San Francisco and Washington, D.C. ?...

JLL launches Curae to improve tenant experience in commercial office buildings

JLL Property Management has launched JLL Curae, a new integrated suite of products which use technology-enabled services and leverages buying power to improve tenant experience through programs designed to enhance workplace productivity and efficiency. Named after the Latin term "Curae" ?which translates to "I...

Google leases space in Los Angeles mall for new campus; why others may follow

Large, vacant retail spaces are being transformed into vibrant workplace campuses by big tech companies?and it seems this trend is just beginning. Alphabet Inc., the parent company of Google, has signed a 14-year lease with Hudson Pacific Properties Inc. and Macerich to relocate its office...

WeWork rebrands as Softbank drastically cuts funding to $2 billion

WeWork announced that it will receive $2 billion from SoftBank -- far less than the $16 billion in cash influx expected from the Japanese behemoth investment firm. The move to cut funding came after Softbank?s stock price dropped, due to global stock market turbulence in...

Yardi Matrix report finds tech driving dramatic increase in co-working

Co-working is becoming a behemoth in the world of commercial office leasing. ?A study of 20 metros by Yardi Matrix found commercial leasing of co-working and shared spaces expanded by 62% year-over-year, with a total of 43.5 million square feet of office space rented...

Strong job growth and GDP boosts commercial office leasing in tech markets

The U.S. commercial office leasing market was lifted by strong job growth and GDP performance, and continued to climb a steady pace in the third quarter of 2018, according to a ?new report by Colliers. Demand for office space was elevated with 84% of the...

Top 5 things building owners can do to increase tenant retention

In today?s highly competitive marketplace, acquiring and retaining commercial tenants is less about the building and more about its occupants. A dramatic shift has taken place, making building owners who were once selling physical assets into service providers who now need to find ways...

Zeller Realty’s Bob Six talks about the amenities arms race

Chicago-based commercial real estate firm, Zeller Realty Group (ZRG), is masterfully transforming the value in the Midwest commercial office marketplace by leveraging connectivity and proptech solutions to create amenity-based tenant communities. We caught up with commercial real estate industry veteran and ZRG's Principal and Chief...