Simon Property Group has seen a “big comeback” in malls, driven in part by domestic tourism. The company, which is a real estate investment trust that owns shopping, dining, entertainment and mixed-use destinations, saw its occupancy rise 1.1% year over year (YoY) and reach 95.5% as of...
Rocket Companies has hired Thomson Reuters veteran Shawn Malhotra as its first chief technology officer (CTO). In this newly created role, Malhotra will oversee the development and implementation of artificial intelligence (AI), data science, product engineering, technology operations, information security and other areas across the firm’s ecosystem, Rocket Companies said in a...
Over $38 billion of U.S. office buildings face loan defaults, foreclosures or other distresses. At the same time, many companies are relocating or centralizing their headquarters. That’s why, for today’s CFOs, the cost and cultural balance around return to office versus remote work and other hybrid setups is top of mind...
Backflip raised $15 million in a Series A funding round to grow its platform for real estate investors. The company’s real estate and FinTech platform is designed to provide funding and tools to the entrepreneurs who flip a collective total of 400,000 houses per year in the United States, Backflip...
February 26, 2024
In the real estate business, how a property looks has a big impact on how potential buyers make a decision. With so much at stake, real estate professionals have turned to AI in the buying, selling, planning and visualization of real estate. “I wouldn’t disagree with the perception that the real estate industry has been […]
January 29, 2024
Ad hoc payments, which are irregular payments made outside of normal invoicing and payroll processes, can be a hassle for enterprises. However, a survey revealed that instant payment methods offer...
October 12, 2023
Real-time payments are becoming a major player across industries. Large retail, manufacturing and insurance firms recognize the significance of real-time payments for business-to-business (B2B) operations. Notably, 81% of large retailers...
October 11, 2023
Brian Chesky says that Airbnb is broken and he’s going to fix it. New York City recently passed regulations that all but gave them the boot. Meanwhile, guests are griping —...
May 10, 2024
The Financial Stability Oversight Committee (FSOC) is encouraging state and federal regulators and Congress to do more to enhance the resilience of nonbank mortgage companies (NMCs). The agency did so in a report released Friday (May 10) that also identifies risks in this sector, the FSOC said in a press release outlining the report. “We need further action to promote safe […]
May 06, 2024
Simon Property Group has seen a “big comeback” in malls, driven in part by domestic tourism. The company, which is a real estate investment trust that owns shopping, dining, entertainment and mixed-use...
May 06, 2024
Rocket Companies has hired Thomson Reuters veteran Shawn Malhotra as its first chief technology officer (CTO). In this newly created role, Malhotra will oversee the development and implementation of artificial intelligence (AI), data science, product...
April 29, 2024
Backflip raised $15 million in a Series A funding round to grow its platform for real estate investors. The company’s real estate and FinTech platform is designed to provide funding and tools to the entrepreneurs...
