Gravel2Gavel Construction & Real Estate Law Blog
Proptech and office return delays continue to grow, the new infrastructure bill could track your travel data, investor activity shows an expectation that business properties will rebound after COVID-19 shutdowns, and more.
- The Tel Aviv and London-based startup Buildots leverages the power of AI to modernize the construction management industry. (Dominic Ellis, Construction Global)
- Midtown Manhattan hotels, office buildings, and restaurants have been showing signs of improvement as foot traffic and transit ridership increases, but the push to reopen could face a setback with rising cases of the Delta variant. (Jane Margolies, The New York Times)
- To capture jobsite progress and accelerate the time between construction phases, General Electric and Microdrones announce a licensing agreement to bring GE’s industrial drone line to market. (Zachary Phillips, Construction Dive)
- With Wells Fargo, BlackRock and Amazon pushing back a return to in-person working, the hits keep coming for property owners and office management companies. (The Real Deal)
- Sales of securities backed by riskier commercial real-estate loans have surged to a record, highlighting investors’ demand for higher-yielding debt and expectations for a recovery in business properties. (Sebastian Pellejero, The Wall Street Journal)
- The Senate’s $1.2 trillion infrastructure bill could enable the government to track drivers’ travel data and charge per-mile fees to finance the Highway Trust Fund, which is largely devoted to construction and maintenance of highways and bridges. (Sara Sirota, The Intercept)
- Cybersecurity, 5G, drones and virtual reality are expected to have the biggest impact on real estate over the next two years. (Tim Glaze, HousingWire)