Real Estate & Construction News Round-Up – August 2021 | Pillsbury – Gravel2Gavel Construction & Real Estate Law

Delays in returning proptech and office buildings continue to mount, the new infrastructure bill could track your travel dates, investor activity shows expectation that commercial real estate will recover after the COVID-19 closes, and more.

  • Tel Aviv and London-based startup Buildots is leveraging the power of AI to modernize the construction management industry. (Dominic Ellis, Construction Worldwide)
  • Hotels, office buildings and restaurants in Midtown Manhattan have shown signs of improvement as pedestrian traffic and rider numbers increase, but pressure to reopen could see a setback as cases of the Delta variant increase. (Jane Margolies, New York Times)
  • To track progress on the job site and reduce the time between builds, 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 the return to personal work, the hits for homeowners and office management firms keep coming back. (The only true)
  • Sales of securities backed by riskier commercial real estate loans have soared to record highs, underscoring investor demand for higher yielding bonds and expectations of a rebound in commercial real estate. (Sebastian Pellejero, Wall Street Journal)
  • The $ 1.2 trillion infrastructure bill from the Senate could allow the government to track drivers’ travel data and collect mile fees to help fund the Highway Trust Fund, which does primarily the construction and maintenance of highways and bridges. (Sara Sirota, The Interception)
  • Cybersecurity, 5G, drones and virtual reality are expected to have the biggest impact on real estate in the next two years. (Tim Glaze, HousingWire)

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