Realcomm Weekly Briefing: December 20th, 2024
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MULTIFAMILY | ELECTREK
California’s new building codes will require EV chargers in most new overnight parking spots starting in 2026, going a big way towards solving the only actual problem with EVs. One of the main benefits of an electric vehicle is in the convenience of owning and charging the car. Instead of having to go out of your way to fuel it, you just park it at home, in the same place it ...
7 min read
INDUSTRY | NEWSWIRE
December 18, 2024 - SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, announced that it has signed a definitive agreement to acquire BrainBox AI, a pioneer in autonomous HVAC controls and generative Artificial Intelligence (AI) building technology. Headquartered in Montreal, Canada, a global AI hub, BrainBox AI has developed an industry-leading enterprise ...
3 min read
TECH | MADDYNESS
Our cities are failing in many ways; streets are congested, air pollution is threatening public health, and energy waste is straining our resources and our wallets. Urban systems operate reactively, responding to problems only after they occur with city managers constantly playing catch up. Traffic management attempts to solve congestion after it has formed and only ...
4 min read
AI | BISNOW
Property managers don’t like hounding tenants about unpaid bills. But as apartment owners face issues with high rent delinquencies, they need someone to do it. So some of the nation’s largest landlords have decided to turn to artificial intelligence. In more than 1 million apartments across the U.S., building managers are using EliseAI’s artificial intelligence chatbot to push delinquent tenants to pay their rent - and in ...
8 min read
PROPTECH | COMMERCIAL OBSERVER
Entering 2025, proptech is set to grow and consolidate in unprecedented ways, as investors and entrepreneurs attempt to gauge the effect of artificial intelligence and other digital integrations on real estate demand for greater return on investment. That’s according to proptech investors, principals and other participants, who described the upcoming year as one filled with high expectations that AI will continue to accelerate ...
10 min read
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INDUSTRY | INFORMATION WEEK
It’s that time of year again: the time when journalists and vendors make predictions and IT leaders set priorities for the new year. In a lot of ways, the stakes are high, given a new US presidential administration and the active conflicts in various parts of the world. What will happen to the economy and IT budgets? What will all the unrest equate to in terms of business continuity and cyberattacks?
10 min read
DATA | COMMERCIAL PROPERTY EXECUTIVE
In 2023, data centers across the globe consumed 7.4 gigawatts of power, a 55 percent increase over 2022 usage, reported Cushman & Wakefield. And by 2026, AI electricity consumption could be 10 times higher, exceeding 1,000 terawatts globally - equivalent to Japan, predicted the International Energy Agency. This level of growth is causing alarm among power companies and grid operators, as data centers already put a tremendous strain on existing ...
8 min read
INDUSTRY | BISNOW
Only 11% of the $755M in office CMBS loans that matured in September were paid off, with roughly half of the remaining debt securing extensions from special servicers. It was a paltry payoff rate even compared to the 31% rate for the year through September, according to Moody’s. And it was a sign of the times. Property owners are avoiding transacting in today’s market, instead carrying ...
6 min read
INDUSTRY | INFORMATION WEEK
When it comes to IT nightmare scenarios, few can match the possibility of having a key vendor partner suddenly close its doors. With little or no advance warning, IT leadership must scramble to find a suitable replacement and continue vital operations. It's critical to go on the offensive quickly, advises Troy Gibson, fractional CIO with business and technology consulting firm Centric Consulting's CIO services ...
5 min read
CONSTRUCTIONTECH | CONSTRUCTION BRIEFING
Where do you see yourself in five years? For some, this is a dreaded question, whether it is coming from a potential employer or a bemused significant other. How can anyone really know what their lives will look like in a half decade? But when applied to the construction technology industry, it is a tantalising question. In part, it’s because looking back at five years of construction tech evolution ...
9 min read