By Louis Archambault (September 22, 2017, 4:56 PM EDT) -- As attorneys, it is our duty and profession to know and understand details and concepts for the areas of the law in which we practice and relay that knowledge to our clients to assist them in their personal and business endeavors. In the real estate industry and particularly in development, that also means understanding the business side of how real estate is built, used, sold and financed. As a business that creates buildings or spaces that are expected to be relevant for at least 50 years and at a cost typically in the hundreds of millions of dollars, real estate development requires a significant input of knowledge, risk, money and structure to build a successful project ... and technology. Throughout history, whether by the use of tools, machines, engineering skill or materials, technology has always been incorporated into development. However, in today's environment, technology has become a more significant factor, to the point that traditional structures of real estate knowledge, money and risk may not be keeping up with evolving technologies available to the industry. Even though technology has always had a role in real estate development since the first shelters were built by mankind, this article will address why this issue is becoming increasingly important, and why attorneys it is vital for real estate attorneys to understand these evolving technologies....