Real Estate & Construction News Roundup (04/18/23) – Clean Energy, Critical Infrastructure and Commercial Concerns
In today’s roundup, construction waxes and wanes, energy goals are set, and concerns abound for the commercial real estate market in the United States and Europe.
- A new AI-driven real estate platform, Land on Earth, will use their ChatGPT-powered HomeMatch technology to match house hunters with their ideal properties. (Business Wire)
- Following a strong show in February, new construction decreased in March, with an 8.8 percent decrease in permits. (Tim Smart, U.S. News)
- The UK’s construction industry made a strong performance this winter, but strikes have offset gains, dimming hopes of economic revival. (Paul Godfrey, UPI)
- Concerns grow over health of Europe’s commercial real estate market. (Karen Gilchrist, CNBC)
- Brookfield Corp., a giant among the world’s public real estate companies, has defaulted on an office portfolio worth over $160 million, stoking anxieties over the health of the commercial real estate market. (Katherine Hamilton, Forbes)
- Consumer Reports lists electric vehicles that are eligible for IRA tax credit (Keith Barry, Consumer Reports)
- G7 pledges to hasten efforts to achieve zero-carbon and renewable energy goals. (Elaine Kurtenbach, ABC)
- Billionaire investor Howard Marks believes the commercial real estate industry will be hit by a wave of mortgage defaults that could damage the U.S. economy. (Zahra Tayeb, Markets Insider)
- Should the U.S. Government designate space systems as critical infrastructure? (Frank J. Cilluffo and Mark Montgomery, Space News)
- Canadian researchers pilot testing new technology that could scrub “forever chemicals” from tap water. (Allyson Chiu, Washington Post)
- Federal district judge in North Dakota blocks Waters of the United States in 24 states. (Noah Mack, Gaylord News)
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