Gravel2Gavel Construction & Real Estate Law Blog
In our latest roundup, hotel-to-apartment conversions take big leap, state governments pass squatting legislation, US regional banks risk having debt ratings downgraded, and more!
- Reclassifying cannabis as a lower-risk substance could bring significant changes to the real estate sector associated with cannabis. (Margaret Jackson, Yahoo)
- More than 60 of the largest banks in the country are at increased risk of failure due to their commercial real estate (CRE) exposures. (Florida Atlantic University).
- As extreme weather grows in frequency and intensity, the nation’s patchwork of building codes have not kept up with modern conditions and if something goes wrong, contractors are not off the hook if they simply build to code. (Julie Strupp, Construction Dive)
- Of all the property types getting the adaptive reuse treatment, hotel-to-apartment has taken the biggest leap ahead, making up over one-third of all new converted multifamily units delivered in 2023. (Mary Salmonsen, Multifamily Dive)
- Following several high-profile squatting-related cases in New York and other areas that made news around the same time, several state governments have moved to pass legislation restricting or forbidding squatting, as well as sidestepping the court eviction process. (Mary Salmonsen, Multifamily Dive)
- Moody’s Ratings said at least six US regional banks with a substantial exposure to commercial real estate loans are at risk of having their debt ratings downgraded. (Hari Govind, Yahoo)
- Emerging technologies, like AI and machine learning algorithms offer deep analytical capabilities, providing real estate fund managers with predictive insights and trend analyses. (Léna Le Gal and Ajay Bali, EY)