Technology is changing the game of real estate in New York City. The technology behind the revolution, called proptech, is only going to become more critical as cities respond to climate change.
Looking for an explanation of the power of "proptech," technology designed to disrupt the real estate industry? Then look no further than New York City, where Crain's New York Business reporter Greg David shows how one real estate company is already putting proptech to work.
David starts the exploration with the example of NANTUM, a cloud-based operating system developed by the Rudin Management Company. Rudin has even created a subsidiary called Prescriptive Data to develop proptech. Examples of NANTUM at work include property managers responding to citywide mandates for temperature regulation across the entire Rudin portfolio, or using the technology to respond to power spikes after a power outage.
Despite the successes of the companies already in the proptech space, the number of traditional real estate companies pushing into proptech "can be counted on one hand," according to David.
New regulations might push NANTUM into the next level of scalability, according to David. "Nantum's biggest opportunity may come from the tough climate-change law passed by the City Council this year requiring a 40% reduction in large building emissions by 2030 and an initial cut by 2024." Proptech will become a necessity in the kind of regulatory environment established by laws like New York's new climate change law, according to sources cited in the article.
The article includes more details about the origins of NANTUM (the 2009 Obama stimulus package) and its partnerships with Con Edison, the utility in New York City.
FULL STORY: Rudin's proptech firm is not your typical startup
Strong Reactions to New York Rent Control Changes
Rounding up the numerous reactions to a law approved by the New York State Legislature this month making 'landmark' changes to rent control regulations in New York City.
Last Mile: Micromobility in the Outer Reaches of NYC’s Outer Boroughs
In 2021 New York City rolled out an e-scooter program in some of the city’s most underserved transportation zones, focused on equity and access. Urban planner Thandi Nyambose gives an insider’s view of the program from the ground.
New York MTA Says No More Borrowing, Will Cut Costs Instead
The agency says it won’t take out any new loans to finance its planned improvements and is finding other ways to cut costs.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
USGS Water Science Centers Targeted for Closure
If their work is suspended, states could lose a valuable resource for monitoring, understanding, and managing water resources.
Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.
Integrating Human Rights Into Energy and Extractive Sector Transitions
Why just transition efforts must move beyond economic considerations by embedding human rights principles into business practices to ensure equitable, transparent, and accountable outcomes for affected communities and workers.
Blocked, Restored, Blocked Again — Housing Funds in Legal Limbo
Since Trump took office, the administration has blocked multiple affordable housing funding streams. Here's a look at which funds have been frozen, which have been reinstated, and which are in the courts.
Mapping Groundwater Risks from Orphan Wells Across U.S. Aquifers
A new USGS study reveals that more than half of the nation’s documented orphan wells lie within aquifers supplying the vast majority of U.S. groundwater, posing widespread risks of contamination from aging, unplugged infrastructure.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Moorpark
City of Tustin
Tyler Technologies
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions