logo
This Boston apartment building is using VR goggles to show homes to prospective buyers

This Boston apartment building is using VR goggles to show homes to prospective buyers

CBS News4 hours ago

VR technology being used to show apartments to people at one Boston building
VR technology being used to show apartments to people at one Boston building
VR technology being used to show apartments to people at one Boston building
Virtual reality is a popular way to play video games, but now a Boston apartment building is using the technology for something a bit different: selling homes.
The Ritz-Carlton Residences at the South Station Tower is using the goggles to show fully furnished homes that don't exist yet. Real estate agents for the tower can guide prospective buyers from anywhere in the world. The agents use a tablet to view everything that the VR goggles display, which allows them to virtually jump the user from room to room.
"My favorite part is witnessing people experience it," says Manuel Davis. "I haven't not seen anyone say 'wow,' this is incredible.'"
The mask is also equipped with safety features, including a red grid that alerts buyers when they may be approaching a real-life object.
VR touring apartments
The idea stems from a collaboration between the Ritz-Carlton, Williams Papadopoulous Designs and rndr, a VSN company.
"I realized people couldn't really view 2D renderings and floor plans, and they needed to be able to see what they were going to buy without necessarily having to go there," the founder and CEO of VSN, Nate Robert-Eze, said.
The condos are virtually furnished with high-end pieces, which Mark Williams, the founder of Williams Papadopoulous Designs, helps curate.
"That's what's so important about this VR technology," says Williams. "In the virtual reality space, you really do feel it so much more than if you're looking at a two-dimensional rendering."
Robert-Eze believes that VR is the future of real estate, allowing house hunters to view a space anywhere in the world. And the technology is constantly evolving.
"We've built a software called Path," Robert-Eze told WBZ-TV. "That takes that immersive 3D environment and actually adds an AI component to it. The space becomes intelligent and you can start asking questions about the space, about the area."
For more information about the Ritz-Carlton South Station Tower Residences and their VR technology, click here.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Keller Industrial Properties to break ground on facility at Grissom Aeroplex
Keller Industrial Properties to break ground on facility at Grissom Aeroplex

Yahoo

time35 minutes ago

  • Yahoo

Keller Industrial Properties to break ground on facility at Grissom Aeroplex

Keller Logistics Group announced the groundbreaking of a new 150,000-square-foot speculative warehouse at Grissom Aeroplex. Located at S. Innovation Way and West C.R. 800 South in Bunker Hill, the next-generation facility, developed in partnership with ARCO, aims to meet the surging demand for flexible, high-performance industrial space in the Peru-Bunker Hill corridor, according to a press release from ARCO. The warehouse was designed with future-proof capabilities and will feature 36-foot clear heights, multi-tenant rear-load access, and the potential to expand to 200,000 square feet. With six dock positions, three drive-in ramps, 40,000-lb airbag levelers, 800-amp power, and ESFR fire protection, it is engineered to serve a wide range of distribution, manufacturing, and logistics tenants. The ceremonial groundbreaking is set for Saturday, June 28. Completion is slated for late 2025. 'This is more than just a building—it's a long-term investment in the future of Indiana's logistics economy,' said Bryan Keller, president of Keller Industrial Properties. 'As supply chains continue shifting toward regionalized models and faster fulfillment, we're providing the infrastructure that makes those models sustainable and scalable.' The project responds directly to the trends shaping the industrial real estate market across the Midwest. According to CBRE's Q4 2024 Midwest Industrial Market Report, over 37 million square feet of industrial space was under construction across the region, with net absorption reaching 5.7 million square feet, driven by strong occupier demand and an evolving e-commerce landscape. 'The Peru-Bunker Hill corridor is one of Indiana's most compelling growth areas for logistics and manufacturing,' said Austin Brasher, vice president at ARCO. 'This project positions Keller and future tenants at the heart of that growth, offering proximity to major markets without the operational constraints of urban cores.' Local and regional leaders joined Keller and ARCO at the ceremonial groundbreaking, underscoring the project's broader economic impact. 'This development brings jobs, investment, and visibility to the region, aligning perfectly with our long-term economic goals,' said Jim Tidd, Economic Development Director with the Miami County Economic Development Authority. The project team also includes Curran Architecture of Indianapolis, which provided architectural design and renderings for the facility. The press release said the warehouse will be strategically located within a high-visibility logistics corridor, sitting near key interstates and freight corridors, enabling efficient access to regional and national markets while offering the labor force infrastructure and incentives critical to modern supply chain operations.

Sunrun Stock (RUN) Plummets 40% as U.S. Senate Targets Solar Credits
Sunrun Stock (RUN) Plummets 40% as U.S. Senate Targets Solar Credits

Yahoo

time36 minutes ago

  • Yahoo

Sunrun Stock (RUN) Plummets 40% as U.S. Senate Targets Solar Credits

The solar sector is reeling after the release of the Senate Finance Committee's proposed tax-and-spending bill, which targets renewable energy sources. Sunrun (RUN), a major player in residential solar, was particularly vulnerable to the news, shedding almost 40% of its valuation in the past week. Having traded as high as $13.20 per share in late May, the stock is now languishing at ~$6 following this week's news. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter In my view, the proposed incentive cuts pose a significant threat to Sunrun's viability, particularly given its ongoing inability to generate profits despite these benefits being in place. Without that financial support, a turnaround seems even less likely, leaving me firmly bearish on the stock. For those unfamiliar, Sunrun primarily operates under a third-party ownership (TPO) model. Instead of homeowners purchasing solar systems outright, Sunrun installs and owns the panels, allowing customers to either lease the system for a monthly fee or pay for the electricity it generates at a fixed rate. This model has gained popularity because it enables homeowners to adopt solar with little to no upfront cost. Thanks to the Inflation Reduction Act (IRA), which extended and enhanced the federal Investment Tax Credit (ITC), Sunrun, as the system owner, can claim a tax credit typically worth 30% of the system's cost. This significantly lowers installation expenses and enables Sunrun to pass those savings on to customers, making the model more financially appealing. The Senate Finance Committee has recently proposed eliminating solar tax credits in favor of supporting other energy sectors, such as geothermal, nuclear, and hydropower. If passed, this legislation would require Sunrun to absorb the full cost of its solar systems, which would inevitably be passed on to customers. The result would be a significant squeeze on margins and an acceleration of the company's ongoing cash burn. Senate Republicans are reportedly aiming to pass the bill before the July 4th holiday. Upon closer examination, this appears to mark a broader shift in U.S. energy policy away from residential solar and wind. The market has already begun to react, with notable declines in Sunrun's peers, including Enphase Energy (ENPH) and SolarEdge Technologies (SEDG), underscoring the potential sector-wide impact. There's still hope for solar advocates. The proposed bill faces strong resistance from Democrats, particularly from the original architects of the clean energy tax credits included in the Inflation Reduction Act. The clean energy industry is also mounting an aggressive lobbying effort, warning of potential job losses and higher energy costs. And while the bill is led by the GOP, not all Republicans are aligned in support. The legislation still has a long way to go. It narrowly passed the House in May with a 215–214 vote, and the Senate draft was just introduced on June 16. While the Senate version includes more extended phase-out periods for some clean energy incentives, it still calls for the elimination of Section 48E credits, which are key to residential solar leases. A Senate vote is expected soon, and if proponents can secure a simple majority, the bill could advance to President Trump's desk. For context, the current Senate makeup is 53 Republicans, 45 Democrats, and two Independents. In the near term, Sunrun could experience a temporary boost in demand as customers rush to take advantage of tax credits before they're phased out. However, expectations for 2026 and beyond point to a sharp and sustained decline in demand. A closer look at Sunrun's financials reveals troubling signs. The company has consistently reported negative operating cash flow, with a loss of over $100 million in Q1 2025 and nearly $800 million in total for 2024, highlighting the financial pressure it faces even before potential incentive cuts take effect. Meanwhile, Sunrun, in its pursuit of growth opportunities, is becoming increasingly leveraged, increasing its risk profile should things take a turn for the worse. Moving forward, ongoing tariff pressures and the disappearance of incentive credits spell long-term trouble for solar installers. Analyst sentiment on Sunrun (RUN) stock is mixed. The stock carries a consensus Hold rating, based on seven Buy, six Hold, and four Sell ratings over the past three months. Despite the cautious stance, RUN's average price target of $10.44 suggests significant upside potential—about 70% from current levels. Mizuho analyst Maheep Mandloi has a Buy (Outperform) rating on RUN with a price target of $16. He notes that the House's 'One Big Beautiful Bill' won't derail grandfathered credits until 2028. He also believes that demand for renewable energy will remain high without government incentives because it is 'still the cheapest option.' However, not everyone shares Mandloi's bullish outlook. Jefferies analyst Julien Dumoulin Smith downgraded RUN to Sell (Underperform) with a price target of $5. Due to the same legislation, Smith notes that Sunrun is exposed to 'both near- and long-term headwinds.' He believes that the market is underestimating 'how consequential the 'One Big Beautiful Bill Act' is uniquely on residential solar.' The so-called 'One Big Beautiful Bill' poses a major threat to solar companies like Sunrun. The company's growth has heavily relied on tax credits tied to third-party ownership (TPO) systems. Even with those incentives, Sunrun has struggled to achieve consistent profitability. Without them, serious doubts emerge about its ability to maintain its current business model. If the bill passes, Sunrun—and others in the space—will likely be forced to pivot toward new strategies or market segments. That said, the bill could still fail, or be amended in ways that lessen the impact on Sunrun. Additionally, the proposed phase-out period provides a window for the company to adjust. From my perspective, I'd prefer to stay on the sidelines until there is more regulatory clarity. Disclaimer & DisclosureReport an Issue Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store