Construction industry

NYC to get 12,000 new apartments from outdated office buildings

New York developers are transforming struggling office buildings into more than 12,000 new apartments in a bid to help offset the city’s worst housing crisis in decades.  Most of the units are either starting or completing construction next year and over 3,000 of them will be earmarked as permanently affordable homes, according to a new […]

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Built rolls out agentic AI to speed construction loan draws

Agentic AI is moving from hype to real use cases in financial services, and Built is staking its claim in the space. The construction finance tech firm on Tuesday launched Draw Agent, an AI tool designed to speed and simplify construction loan draw reviews, one of the most time-intensive workflows in the lending process.  

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