Gravel2Gavel Construction & Real Estate Law Blog
In our latest roundup, more office space is being demolished/converted than built, Landingplace Hotels launches two conversation brands, developers cite expenses with low-income housing, and more!
- A new White House directive aims to accelerate federal permitting and unlock financial incentives for large-scale data center builds, along with related energy and manufacturing projects. (Sebastian Obando, Construction Dive)
- Landingplace Hotels launches two midscale conversion brands with Landingplace Suites aiming to bridge the gap between extended stay hotels and furnished apartments, and Landingplace Select serving short-term guests. (Noelle Mateer, Hotel Dive)
- Multifamily completions reached 608,000 units in 2024, the highest level since 1986. (Leslie Shaver, Multifamily Dive)
- More office space is being demolished or converted than is being built through new construction this year, marking a first in 25 years. (Emily Davis, New York Post)
- Developers, citing rising costs for land, materials and labor, as well as increasingly restrictive zoning regulations, as to why it’s too expensive to put up quality, low-income apartments. (Diane Olick, CNBC)
- As private companies like SpaceX and Blue Origin develop reusable rockets and push aspirations for lunar and Martian colonization, real estate investors are looking to their next big play: lunar and deep space data centers. (Diane Olick, CNBC)