Real Estate & Construction News Round-Up – February 2022 #1 | Pillsbury – Gravel2Gavel Construction & Real Estate Law

The Biden administration announces the Building Performance Standards Coalition, commercial property sales in the Metaverse have surpassed $500 million in 2021, New York’s eviction ban is expiring, and more.

• The Biden administration created the Building Performance Standards Coalition, a partnership between 33 city, county and state governments aimed at expanding building retrofits and policy implementation across the country. (Keith Loria, Economic Observer)
• Commercial property sales in the Metaverse surpassed $500 million in 2021, with most sales concentrated in the “Big Four” – Sandbox, Decentraland, Cryptovoxels and Somnium. (Robert Frank, CNBC)
• Despite the end of the New York City eviction tape, the pace of evictions has been slow as tenant attorneys work to delay court cases. (Will Parker, The Wall Street Journal)
• The Federal Highway Administration released a statement to the Biden Administration saying that any disbursement of funds from the Infrastructure Investment and Jobs Act should be primarily left to its discretion. (Julie Strupp, construction diver)

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