Gravel2Gavel Construction & Real Estate Law Blog
In our latest roundup, data centers are exposed to climate change, commercial tenant sues CoStar, cities see opportunities in emerging sports markets, and more!
- With deferred maintenance growing and capital dollars stretched thin, local governments are using ESPCs to fund energy and infrastructure improvements through future operational savings. (Vicky Uhland, Construction Dive)
- The U.S. Department of Housing and Urban Development is offering up to $3 million in grants for local governments to deploy automated permitting and building code systems. (Ryan Kushner, Construction Dive)
- Luxury hotel deals are set to see a surge in investment activity due to strong fundamentals and strengthening capital markets. (Noor Adatia, Hotel Dive)
- Data centers are typically expected to be in operation for 20 to 30 years, and investors may not be weighing long-term conditions affected by climate. (Diana Olick, CNBC)
- CBRE, JLL, Cushman & Wakefield, Colliers, Newmark and CoStar are being sued by a commercial tenant that alleges CoStar acted as a central hub of a price-fixing scheme. (Joe Burns, Facilities Dive)
- Research shows that tax-funded sports stadiums don’t boost local economies, but a group of mayors believe sports teams and venues can still bring money to their cities. (Vicky Uhland, Facilities Dive)
- Construction input prices increased in May at the fastest annual rate since the pandemic. (Sebastian Obando, Multifamily Dive)