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It is difficult to pinpoint when the term PropTech, which stands for property technology, rose to prominence in U.S. commercial real estate.  With the increased use of the term, the challenge is determining what it actually means. Is it synonymous with CRE Tech, which refers to all tech solutions in the entire CRE landscape? Or does PropTech refer to technology that supports real properties — both residential and commercial? Bisnow reached out to major players in the commercial property tech space to get the scoop. |
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Kennedy Wilson Sells Two Assets For $304M, Plans To Reinvest In Pacific Northwest
Kennedy Wilson has sold a large multifamily property in Alameda for $231M — one of the largest multifamily transactions of the year in the Bay Area. The 615-unit Summer House underwent a $35M renovation, which included a reskinning of the exterior and…
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Update: Multnomah County Signs Off On Sale Of Wapato Jail
Multnomah County commissioners approved the sale of the Wapato Jail for $10.8M, a price that represents a steep loss for the county, which spent $58M on its construction in 2004. Annual upkeep since then has cost about $300K. The facility, at…
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CMBS Momentum Persists Into Q4, Brookfield-GGP Deal Could Benefit The MarketCMBS loan issuance continued its upward trajectory in October after the market experienced a solid third quarter. Lenders issued 269 loans totaling $7.5B during the month, Trepp reports. Office and lodging properties dominated the list, such as the $771.8M in securities issued for Starwood Lodging Hotel's portfolio — the second-largest CMBS loan of the month, according to Trepp data. |
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