Commercial Real Estate News for Thursday, December 1

Commercial real estate news

Good afternoon! Below you’ll find three articles detailing technology in the commercial real estate world and the state of retail.

Two Commercial Real Estate Tech Firms Merge in $300M Deal

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.

Rental Trends: Virtual Reality Tours for Commercial Real Estate

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 Try to Extend Holiday Shopping Season, But Will It Make a Difference?

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.

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