In our latest roundup, the Tampa Bay Rays pull out of a stadium deal, the National Association of Realtors examines another policy change, energy efficiency measures continue to lower operating expenses, and more! For construction firms, the advancement of AI means even nontechnical users can now create applications. (Sebastian Obando,…
In our latest roundup, Wells Fargo sues JPMorgan Chase, mortgage rates drop, and the life science RE market falters, and more! Three months into 2025, the artificial intelligence arms race continues for builders as large contractors develop their own AI-based tools to aid their construction processes. (Matthew Thibault, Construction Dive)…
In our latest roundup, hybrid work creates hope for the office sector, Texas lawmakers ease office-to-residential conversations, service-based tenants are expected to lease more retail space, and more! While demand is expected to remain strong, policy uncertainty and interest rates could pose problems in the coming year for renters. (Mary…
In our latest roundup, tech giants invest in new data centers, senators introduce bill aimed at price-setting algorithms, DoD stops PLA requirements, and more! The real estate industry is embracing AI for enhancements across a wide range of applications. (Kathleen Walch, Forbes) A joint venture among OpenAI, Softbank and Oracle…
In our latest roundup, Southern California wildfires impact supply chain, higher material prices threaten future project demand, commercial real estate distress strains regional banks, and more! Supply chain impacts from the Southern California wildfires have been minimal, however, challenges could come later once people begin to rebuild infrastructure and homes.…
In DOGE Puts GSA Leases in the Doghouse, colleagues Matt Carter, Michael R. Rizzo, Andrew J. Weiner, Christian A. Buerger, David L. Miller, Dinesh C. Dharmadasa and Allan C. Van Vliet explain why, even as the Trump administration may be utilizing early exit provisions in the GSA lease cancellations and terminations reported to date, prudent contractors…
In our latest roundup, construction technology funding stabilizes, office vacancies hit new high, builders outline recommendations to Trump, and more! Following a 44% downturn in construction technology investment in 2023, the contech funding ecosystem seems to have stabilized last year (Matthew Thibault, Construction Dive) The Federal Trade Commission and the…
In our latest roundup, infrastructure-related ballot initiatives, U.S. Green Building Council’s success stories, support for sustainable building, and more! 2024 is expected to see the highest rate of office conversions since CBRE began tracking them in 2016. (Nish Amarnath, SmartCities Dive) The Federal Housing Finance Agency has established lending caps…
In our latest roundup, construction output decreased, office utilization unchanged, September apartment starts fell 15% from a year ago as developers pulled permits, and more! Developers pulled permits for a seasonally adjusted rate of 398,000 apartments in buildings with five units or more, a 17.4% YOY drop and a 10.8%…
In our latest roundup, Hurricane Helene affects infrastructure, California Gov. Gavin Newsom signs bills aimed at renter protections, Federal Reserve kick-off rate-easing cycle, and more! Hurricane Helene illustrates how communities and infrastructure across the U.S. are unprepared for the extreme weather driven by climate change. (Julie Strupp, Construction Dive) The…