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 expand building retrofits and policy implementation throughout the nation. (Keith Loria, Commercial Observer)
- Commercial real estate sales in the metaverse topped $500 million in 2021, with most sales concentrated on the “Big Four” – Sandbox, Decentraland, Cryptovoxels and Somnium. (Robert Frank, CNBC)
- Despite the New York eviction band ending, the pace of evictions has been slow as tenant attorneys work to delay court cases. (Will Parker, The Wall Street Journal)
- The Federal Highway Administration released a statement to the Biden Administration relaying that any spending of funds from the Infrastructure Investment and Jobs Act should be left primarily to their discretion. (Julie Strupp, Construction Dive)