Real Estate & Construction News Round-Up (05/11/22)

Pillsbury - Gravel2Gavel Construction & Real Estate Law
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Pillsbury - Gravel2Gavel Construction & Real Estate Law

The supply of homes for sale is on the uptick, the White House releases a plan to improve the permitting process for infrastructure projects, cryptocurrency opens the door to a new class of property owners, and more.

  • Though the number of active listings is still down 67% from pre-pandemic levels, the supply of homes for sale is finally showing signs of improvement. (Diana Olick, CNBC)
  • Large corporations and institutional investors are flocking to buy digital real estate, with parcels being bought faster than they can be created. (Dan Patterson, CBS News)
  • London-based company, Admix, has been purchasing real estate in various Metaverse platforms and leasing them to companies interested in becoming involved in the online virtual space. (Nate Berg, Fast Company)
  • The European Commission is gearing up to propose a new legislative package designed to increase the use of renewables and energy savings, while recognizing the CO2-reducing potential of the building sector. (Sustainability Times)
  • The White House released a plan that entails improving the permitting process for infrastructure projects, while maintaining rigorous environmental reviews. (Rachel Frazin, The Hill)
  • Companies such as Lofty AI are looking to use blockchain technology to create a new form of digital ownership and investment in real estate. (David Ingram, NBC News)
  • As companies continue investing billions of dollars in the Metaverse, it will attract increased scrutiny from global regulators and policy makers. (Robert Howard, David Wright and Craig de Ridder, Gravel2Gavel)

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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