Proptech and office return delays continue to grow, the new infrastructure bill could track your travel data, investor activity shows an expectation that business properties will rebound after COVID-19 shutdowns, and more.
- The Tel Aviv and London-based startup Buildots leverages the power of AI to modernize the construction management industry. (Dominic Ellis, Construction Global)
- Midtown Manhattan hotels, office buildings, and restaurants have been showing signs of improvement as foot traffic and transit ridership increases, but the push to reopen could face a setback with rising cases of the Delta variant. (Jane Margolies, The New York Times)
- To capture jobsite progress and accelerate the time between construction phases, General Electric and Microdrones announce a licensing agreement to bring GE’s industrial drone line to market. (Zachary Phillips, Construction Dive)
- With Wells Fargo, BlackRock and Amazon pushing back a return to in-person working, the hits keep coming for property owners and office management companies. (The Real Deal)
- Sales of securities backed by riskier commercial real-estate loans have surged to a record, highlighting investors’ demand for higher-yielding debt and expectations for a recovery in business properties. (Sebastian Pellejero, The Wall Street Journal)
- The Senate’s $1.2 trillion infrastructure bill could enable the government to track drivers’ travel data and charge per-mile fees to finance the Highway Trust Fund, which is largely devoted to construction and maintenance of highways and bridges. (Sara Sirota, The Intercept)
- Cybersecurity, 5G, drones and virtual reality are expected to have the biggest impact on real estate over the next two years. (Tim Glaze, HousingWire)