Real Estate & Construction News Round-Up (03/01/23) – Mass Timber, IIJA Funding, and Distressed Real Estate

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This week’s round-up explores how Infrastructure Investment and Jobs Act (IIJA) funding is being deployed, mass timber is on the rise as decarbonization efforts continue, and commercial real estate remains distressed.

  • With a flurry of high-profile projects, mass timber is gaining traction. (Jeffrey Steele, Commercial Property Executive)
  • Commercial real estate is experiencing high levels of distress, with multiple owners defaulting on loans across the country. (Ted Glanzer, The Real Deal)
  • Even with the recent downturn in cryptocurrency value, the metaverse real estate market is expected to continue to grow. (The Real Deal)
  • According to the CEOs of several major public construction companies, funding from the Infrastructure Investment and Jobs Act is finally making it to projects. (Julie Strupp, Construction Dive)
  • Builders are winning the housing recovery by giving buyers what they want: lower interest rates. (James Briggs, Axios)
  • Building more walkable urban areas are projected to increase tax revenue for cities while easing the affordability crisis. (Lisa Chamberlain, World Economic Forum)

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