Good afternoon! Below you’ll find three articles detailing technology in the commercial real estate world and the state of retail.
VTS and Hightower, commercial real estate tech firms which offer cloud-based leasing software for landlords, are pondering a merger. The companies employ 275 people and are valued together at around $300 million.
Touring properties in the future may involve never setting a physical foot in them. Commercial real estate developers are turning to virtual reality experiences to show prospective buyers their buildings.
Retailers are attempting to stretch the shopping season into earlier the parts of November and the later weeks of January. Early down-trending data from Black Friday seems to imply their efforts are in vain.