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Christian Ulbrich said "there will always be a human" involved in everything brokerages do after JLL posted a 67% increase in fourth-quarter profits.
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Wall Street wiped out tens of billions from real estate brokerage stocks as investors reassessed whether AI could permanently reshape the industry’s economics
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Wall Street is suddenly bullish on Equinix and Digital Realty after Q4 earnings reports showed their long-term AI strategy is finally coming to fruition.
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The stock sell-off at brokerages like CBRE and office landlords like SL Green isn't based on earnings shortfalls but on fears of automation's impact on demand.
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CBRE grew revenue by 12% in the fourth quarter and said AI will cut research costs by 25%, but its stock continues to fall amid a brokerage sell-off.
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CRE was the latest industry to be swept up in broad fears about the impacts AI will have on the workforce and, therefore, the real estate landscape.
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New York-based Cadastral announced Thursday it had raised $9.5M for the development of its proptech platform and tools.
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The Janus Property Co. has completed and leased the first four buildings of its Factory District, making up a core part of West Harlem's Innovation Triangle.
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Meta and Musk's suite of companies announced new investment projections in Q4 earnings reports while pursuing different road maps for the future of AI.
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The AI startup, which raised $13B in September, has also reportedly been in talks to take 420K SF of offices in San Francisco.
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