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.
Historic $280 Billion Investment in Domestic Semiconductor Manufacturing and STEM Research and Development to Be Signed into Law
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Recently, the U.S. Senate and House agreed to and passed the CHIPS Plus legislative package, which will provide $52.7 billion dollars in federal funding for U.S. Government agencies to distribute to U.S. semiconductor manufacturers to build new plants, increase manufacturing capacity, and support research and development.
Click here to read the full article from Pillsbury’s Elizabeth Vella Moeller, Nancy Fischer, Gurpreet Bal, Aimee Ghosh, and Johnna Purcell.
Affordable Housing, Military Contracts and Mars: 3D Printing Construction Potential Builds
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The 3D printing construction market is likely on the cusp of a boom.
This unique construction method boasts many advantages in comparison to traditional forms of construction. Projects can be completed more quickly and at a fraction of the cost, given fewer laborers are required and the materials used are much cheaper. Though market growth stalled during the COVID-19 pandemic, industry leaders expect 3D printing construction to experience exponential growth in the coming years.
Real Estate & Construction News Round-Up (07/27/22)
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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.
Real Estate & Construction News Round-Up (07/20/22)
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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. Continue Reading ›
In Case You Missed It: Investing in Metaverse Real Estate: Mind the Gap Between Recognized and Realized Potential
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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 investors need to consider, from security and financing risks and regulatory uncertainty to intellectual property rights and privacy concerns.
Real Estate & Construction News Round-Up (07/13/22)
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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.
Corporate Transparency Act and Proposed Regulations: The Start of Applicability Is Coming upon Us Quickly
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Under the Corporate Transparency Act, certain corporations and limited liability companies will be required to report the beneficial owners of the entity to FinCEN, and those forming such entities will need to provide certain information as well. Entities organized solely to hold real property are currently not exempt under the rules. The related regulations were released in late 2021 and were only proposed regulations, so guidance to date is still potentially in flux, but are expected to go into effect in the foreseeable future.
Click here to read the full article by Pillsbury’s Megan Jones.
The Real Estate Implications of Formula One Racing
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Formula One’s (F1) popularity has surged in recent years. On track, the 2021 season has been the most exciting in recent memory given Red Bull’s successful campaign against the reigning seven-time champions Mercedes. Off track, Netflix has popularized the sport by releasing four seasons of Drive to Survive, an episodic documentary that dives deep into how Formula One teams operate. Looking forward, the 2022 season won’t likely disappoint. New car and engine designs were introduced and races like the Singapore Grand Prix are back on the calendar. As the sport grows, more cities may consider hosting races to boost their global profiles. Here, we breakdown how real estate-related issues may affect such a decision.
Supreme Court Issues Opinion in West Virginia v. EPA
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The Supreme Court rejected EPA’s Obama-era Clean Power Plan in a decision that has significant implications both for future attempts by EPA to regulate CO2 emissions and for other agencies attempting to promulgate rules that implicate “major questions.” In “Supreme Court Issues Opinion in West Virginia v. EPA” Anne Idsal Austin, Shelby L. Dyl, Sheila McCafferty Harvey discuss the impact the decision will have on environmental policy.