Real Estate & Construction News Round-Up – December 2021 #1 | Pillsbury – Gravel2Gavel Construction & Real Estate Law

Investment firms are turning their attention to digital property purchases, China is working to manage its real estate debt, the European Union is announcing billions of euros in infrastructure bill, and more.

• A growing number of investment firms are buying digital land in virtual worlds like Sandbox and Decentraland and are betting that the value of real estate will increase as more individuals and companies join those worlds. (Konrad Putzier, Wall Street Journal)
• Given that new construction and the day-to-day operation of buildings cause around 40% of the world’s greenhouse gases (GHGs), building owners who are committed to sustainability will not only protect the environment but also increase their profitability. (Commercial Observer)
• As more companies continue their technology transformation, digitizing spaces through the use of Building Information Modeling (BIM) software will be a key element of growth as it removes geographic restrictions and enables unique and innovative consumer experiences. (Jon Mason, venture beat)
• The European Union announced a multi-billion euro infrastructure plan called Global Gateway, which is expected to mobilize up to 300 billion euros ($ 341 billion) in public and private finds by 2027. (Samuel Petrequin, New Haven Register)
• China is balancing the deleveraging of its real estate sector with an effort not to push real estate developers into bankruptcy. (Michele Koh Morollo, Aljazeera)

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