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'Proptech' Firms Angle for Riches in U.S. Real Estate Market

Written by CRETech | Jun 6, 2018 11:00:32 AM

NEW YORK (Reuters) - New technology such as machine-learning algorithms coupled with improved heating and cooling units that can be controlled by software helped cut electricity consumption at Rudin Management, a large New York City landlord, by 41 percent since 2005.