Real Estate & Construction News Roundup (10/1/24) – Hybrid Work Technologies, AI in Construction and the Market for Office Buildings

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Pillsbury - Gravel2Gavel Construction & Real Estate Law

In our latest roundup, commercial mortgage bond market in trouble, commercial real estate investments, pressure on mortgage REITs, and more!

  • Short-term issues facing U.S. commercial real estate have made it an investment opportunity and values have bottomed out. (CNBC)
  • As organizations report plans to shake up their real estate portfolios, the flight to quality spurs interest in space planning, amenities and hybrid work technologies. (Joe Burns, Facilities Dive)
  • The conversation about AI’s potential benefits and risks has been a common refrain in construction recently. (Matthew Thibault, Construction Dive)
  • More than a quarter of homeowners (26%) say they are not financially prepared to handle the costs if extreme weather damages their home. (Mary Cunningham, CBS)
  • The commercial mortgage bond market is in serious trouble with office-backed loans defaulting across major U.S. cities. (Jennifer Sor, Yahoo)
  • Aside from would-be homebuyers, no segment of the real estate industry has been put under more pressure by the Fed’s rate hikes than mortgage REITs. (Eric McConnell, Yahoo)
  • The market for office buildings – already reeling from higher vacancy rates amid the rise in remote-work policies – has been crushed by high borrowing costs. (Katy O’Donnell, Politico)

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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. Attorney Advertising.

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