Real estate industry getting smart about working with artificial intelligence Real Estate Weekly

Traces of automation can be found throughout the residential real estate market: listings, price estimates and home loans are available at the press of a button. In China, buyers can even consult robot Realtors. Commercial real estate, on the other hand, with its higher stakes and more complex deals, has been less susceptible to digital disruption. However, firms are still turning to artificial intelligence for a tech edge. Greystone is the latest real estate firm to dive into computer automation, partnering with Skyline AI, a New York- and Tel Aviv-based startup that specializes in data aggregation and benchmarking in the commercial investment market. With Skyline AI's assessment system and Greystone's financial records as well as the machine learning software of Greystone Labs -- the lender's in-house tech department -- the partnership aims to underwrite loans as much as 10 times faster and with more accuracy.