Author: Mary Yoo

Douglas Elliman’s Eklund/Gomes Team, led by Fredrik Eklund and John Gomes, earned the top spot in the team category nationally for the fourth consecutive year.

See: “Lauren Muss takes top spot at Elliman awards; Eklund and Gomes win top team prize for fourth year running” | Katherine Clarke, The Real Deal, 9 March 2017

 

China’s sovereign wealth fund, the China Investment Corporation, has bought a $100 million stake in Airbnb through Airbnb’s latest funding round.

According to a filing with U.S. securities regulators cited by Sky News, CIC contributed 10 percent to Airbnb’s latest funding round of $1 billion.

See: “Chinese sovereign fund CIC buys stake in Airbnb‘ | Rich Brockmann, The Real Deal, 10 March 2017

E-commerce retailers are now opening physical storefronts. Amazon is utilizing bricks-and-mortar integration. Amazon’s first California bookstore is located in La Jolla. The company has opened a physical grocery store in Seattle.

According to a Kroll Bond Rating Agency Report, Secular Trends in Retail, the future of the retail industry will be both online and also in creating multi-channel offerings that integrate the online and bricks-and-mortar presence.

#retail #tech #realestate

See: “E-Commerce Outlets Now Opening Physical Storefronts” | Lisa Brown, GlobeSt.com, 10 March 2017