New home construction projects experience the fastest growth rate since 2006, President Biden signs the Consolidated Appropriations Act of 2022 into law, big U.S. hotel chains place developments in Russia on hold, and more. While most commercial real estate (CRE) executives want to adopt more technology, few have. Ernst &…
The popular term “PropTech” is projected to disappear as real estate digitization continues, the impact of the Russia-Ukraine conflict on the U.S. housing market is analyzed, China’s home prices continue to fall, and more. A research economist dives into the impact of the Russia-Ukraine conflict and decline in international real…
Several commercial real estate firms have joined the growing list of companies temporarily suspending—or outright terminating—property and facility management operations in Russia amid economic sanctions and mounting international pressure. CBRE is the latest to make such a move, discontinuing its Russian leasing, investment and property management operations and denouncing Russia’s…
Economic sanctions placed on Russia cause a shift in the U.S. real estate market, investments in virtual real estate continue to grow as market equilibrium returns, climate change concerns have made a notable impact on regional real estate interest, and more. Following the economic sanctions placed on Russia for its…
On February 15, 2022, the Federal Communications Commission (FCC) released a Report and Order adopting new rules to further broadband competition for the millions of Americans living and working in apartments, public housing, office buildings, and other multiple-tenant environments (MTEs). In their recently-published client alert, Pillsbury colleagues Glenn Richards and…
Construction contractors adjust to extreme changes in material prices, China expands real estate lending support to its larger cities, semiconductor demand becomes a gem for industrial real estate, and more. With material prices at a 35-year high, construction contractors have created a new playbook to adjust to the extreme changes…
The Biden administration’s Buy Clean Task Force turns its attention to sustainable construction materials, Florida Restaurateurs begin to use nonfungible tokens (NFTs), the Infrastructure Investment and Jobs Act will invest in hydrogen and nuclear technologies, and more. The Biden administration’s Buy Clean Task Force is planning to launch pilot programs…
A Florida home for sale offers a property deed via an NFT, nuclear power is projected to play an important role in the climate crisis, a Spanish real estate developer aims to set up an office in the the metaverse Decentraland, and more. Pillsbury’s Elina Teplinsky argues nuclear power is…
The Biden Administration announces the Building Performance Standards Coalition, commercial real estate sales in the metaverse topped $500 million in 2021, the New York eviction ban expires, and more. The Biden Administration launched the Building Performance Standards Coalition, a partnership between 33 city, county and state governments that aims to…
The future of traditional real estate skills for virtual land buys is questioned, China’s property sector might experience policy easing, U.S. commercial real estate sales set records in 2021, and more. As the platforms and business case for virtual land buys mature, the future of traditional real estate skills remains…