This week’s round-up examines rising mortgage rates and their effect on the housing market, the long-term impact of the Inflation Reduction Act on commercial real estate, a potential U.S. railroad strike, and more. Mortgage interest rates are expected to continue rising in response to high inflation, which could price many…
This week’s round-up addresses the shift in housing demand, efforts of apartment complexes to become more eco-friendly, plans for “cities of the future,” and more. Home prices spiked an unprecedented 43% in just over two years since the pandemic began, but the increases in mortgage rates have resulted in a…
This week’s round-up dives into the digitization of the real estate and construction industry, focusing on property technology, Web3 and non-fungible tokens (NFTs), and more. With hybrid occupancy dictating current working patterns, property owners turn to smart technology to optimize digital connectivity and reinvigorate workspaces. (Commercial Observer) Contrary to the…
This week’s round-up features the intersection of real estate and energy efficiency, including state efforts surrounding clean energy legislation, Inflation Reduction Act tax credits, hotel & hospitality sectors creating sustainable initiatives to reduce carbon emissions, and more. In New York City, building owners try to figure out how to pay…
The Senate passes the Inflation Reduction Act, construction costs continue to rise across the U.S., commercial real estate advances the adoption of ESG strategies, and more. The recently-passed Inflation Reduction Act of 2022 leaves out the carried interest tax hike, much to the relief of real estate investors worldwide. (Taylor…
The availability of construction jobs drops by 17.5%, company offices evolve to the here-to-stay hybrid working model, the House passes a $280 billion semiconductor package, and more. The House passed a $280 billion package to boost the semiconductor industry and scientific research, which will also lend towards the construction of…
Europe’s energy infrastructure struggles under record heat waves, Wall Street tightens commercial real estate lending, blockchain technology and NFTs (non-fungible tokens) continue to transform real estate ownership, and more. Banks are lending less and charging higher interest rates for commercial real estate property loans, restraining deal making and values. (Peter…
Record heat waves in Britain disrupt the nation’s infrastructure, the Bipartisan Infrastructure Law promotes the use of construction technology with two key efforts, China’s property sector continues to stagnate, and more. A significant number of Chinese homeowners halted mortgage payments last week, prompting many banks to announce their low exposure to…
Opportunities for early real estate investment in the Metaverse are worthy of consideration, but also come with significant risks. Originally published on Gravel2Gavel and recently featured in The Computer & Internet Lawyer, Pillsbury authors Robert Howard, David Wright, and Craig de Ridder take a look at the key questions potential metaverse…
The Biden administration will use infrastructure funds to upgrade 85 airports across the U.S., The Affordable New York tax provision expires, homebuyers in China refuse to pay mortgages, and more. Hines, a Houston-based real estate giant, set a target of its 1,530 properties in 28 countries being net-zero operational carbon…