Term Sheet: Industry faces the impact of higher rates, rising construction costs cause concern, lenders under pressure on ESG

The Bank of England and the Fed’s rate rises signal a changing economic backdrop for real estate borrowers and lenders; development lender Atelier finds construction market participants are alarmed by rising costs; the ULI and PwC’s latest global Emerging Trends report suggest the industry wants to see a greater focus on ESG from lenders; and more in today’s briefing, exclusively for our valued subscribers.