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

Pillsbury - Gravel2Gavel Construction & Real Estate Law
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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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