Actual Property & Building Information Spherical-Up (11/16/22) – Backlog Shifts, Inexperienced Battery Storage, and Russia-Ukraine Updates

This week’s round-up explores backlog shifts within the nonresidential building sector, updates from the continuing conflict between Russia and Ukraine, lithium-ion battery storage points in New York Metropolis, and extra.

  • In response to Related Builders and Contractors, building backlog fell again under the studying noticed in February 2020, largely resulting from a decline within the business and institutional sector. (Sebastian Obando, Building Dive)
  • Amid celebration after retaking Kherson from retreating Russian troops, the Kremlin focused important infrastructure earlier than withdrawing. (Michael Kern, Oil Worth)
  • Actual property worth within the metaverse is rising, on condition that digital land might be constructed upon to create distinctive branding experiences that lend to promoting, advertising and marketing, socializing, and leisure. (Evan Bourke & Sarah Hedley Hymers, Euronews)
  • European actual property enterprise confidence and expectations of profitability have declined, reflecting widespread business issues. (Enterprise Plus)
  • In New York Metropolis, inexperienced power is on the rise with the elevated utilization of lithium-ion batteries, however the metropolis has run right into a storage drawback. (Kaya Laterman, The New York Occasions)
  • In response to the Federal Reserve, business actual property loans and business and industrial loans posted the largest will increase amongst classes of financial institution property within the week ended Nov. 2. (Sabrina Kharrazi, Bloomberg Regulation)


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