Real Estate & Construction News (4/2/25) – U.S. Banking’s CRE exposure, Increased Insurance challenges and an Embrace by Construction Firms of AI
The advancement of AI has made it possible for non-technical users to create applications. Construction Dive, Sebastian Obando.
The Tampa Bay Rays have pulled out of a $1.3billion stadium deal. The team had previously voiced concerns about the deal. Votes to secure funding from Pinellas County Commissioners, however, were delayed due to economic uncertainty resulting from damage to the existing stadium. Zachary Phillips, Construction Dive
- The U.S. Banking System is on the brink of collapse as commercial real estate exposures grow and banks struggle with high interest rates. (Amber Bonefont, Florida Atlantic University)
- For companies leasing space, implementing measures to improve energy efficiency will have a direct impact on their operating expenses. Guy Grainger, World Economic Forum
- Another policy could change the way homes are bought and marketed across the nation. (Claire Boston, Yahoo)
- Although it is well documented that apartment owners in states like Florida, Texas and California have been hit with significant insurance increases over the last few years, operators in the Upper Midwest are also facing challenges. (Leslie Shaver, Multifamily Dive)
- Lawmakers in New York state are weighing a change that could significantly expand the number of private construction projects required to pay prevailing wages. (Sebastian Obando, Construction Dive)
