Real Estate & Construction News Roundup (07/11/23) – The “Ultimate AI Concierge”, Judicial Block on Natural Gas Pipeline and Ecofriendly Construction

In our latest roundup, AI revitalizes a real estate sector, climate change exacts a toll on America’s roads, Las Vegas debuts the world’s largest LED screen, and more!

• There is a growing concern that as a commercial real estate failure looms, so, too, could the collapse of some banks. (Matthew Impelli, Newsweek)
• Increase and expansion of the recent AI boom has begun to revive a real estate market hit hard by the pandemic and economic conditions. (Samantha Delouya, CNN)
• Even after congressional approval, the Fourth Circuit Court of Appeals again blocked construction of a natural gas pipeline that was set to run through Virginia and West Virginia. (Matthew Barakat, AP)
• Airbnb CEO Brian Chesky has discussed recently how the future of travel and living could be in a program that is the “ultimate AI concierge.” (Aaron McDade, Business Insider)
• After nearly five years of construction, Las Vegas finally unveiled the Sphere — a $2.3 billion entertainment venue that is said to have the largest LED screen in the world. (Ayana Archie, NPR)
• From extreme heat to rising sea levels, the effects and results of climate change are posing a serious risk to America’s roads. (Li Cohen, CBS)
• The General Services Administration will use federal buildings to test new products and technologies to create more sustainable and ecofriendly construction that lines up with the private sector. (Matthew Thibault, Construction Dive)
• As the inflation fight continues and interest rates rise, close to 40 percent of small business owners struggled to make their payments on time last month. (Adam Barnes, The Hill)

Story originally seen here