Europe’s energy infrastructure struggles under record heat waves, Wall Street tightens commercial real estate lending, blockchain technology and NFTs (non-fungible tokens) continue to transform real estate ownership, and more.
- Banks are lending less and charging higher interest rates for commercial real estate property loans, restraining deal making and values. (Peter Grant, The Wall Street Journal)
- Proposed legislation, the Construction Injury Prevention Act, would require U.S. construction employers to allow workers a 15-minute break every 4 hours year-round. (Julie Strupp, Construction Dive)
- Europe’s energy infrastructure is starting to strain under the extreme heat that’s blanketing the continent and skyrocketing demand. (Todd Gillespie, Elena Mazneva, and Priscila Azevedo Rocha, Bloomberg)
- As technology becomes more imbedded in transportation, road infrastructure will see significant advancements, including wireless electric charging and innovative construction materials. (Skip Descant, Governing)
- Blockchain-enabled tokenization is projected to enable fractionalized ownership of commercial real estate properties, one example being the Empire State Building. (Andrew Singer, Magazine by Cointelegraph)
- China plans to launch a real estate fund of 300 billion yuan ($44 billion) in a bid to help property developers with their debt crisis and restore confidence in the industry. (Reuters)