Gravel2Gavel Construction & Real Estate Law Blog
President Biden signs a new executive order, investments in digital real estate continue to increase, the real estate industry faces new regulatory scrutiny, and more.
- President Biden signs a new executive order that the US government will be a net zero contributor to the environment by 2050, including 300,000 federally owned buildings ordered to produce no net emissions by 2045, with a 50% cut in emissions by 2032. (Oliver Milman, The Guardian)
- Investors continue to gravitate towards the metaverse, causing digital real estate transactions to skyrocket. (Debra Kamin, The New York Times)
- The Treasury Department’s Financial Crimes Enforcement Network is considering whether to apply anti-money-laundering regulations to the real estate industry. (Richard Vanderford, The Wall Street Journal)
- The People’s Bank of China (PBC) announced it would inject 1.2 trillion yuan ($188 billion) into the economy to support businesses and household lending as its real estate crisis continues. (Huileng Tan, Business Insider)