How Energy Scarcity Is Changing Data Center Deals
Building digital infrastructure has become a high-stakes, complex game thanks to energy constraints and the pressure of having billions of dollars on the line, leading to tenser negotiations and to some developers building their own power plants, attorneys say.
Private Equity Could Be Ace Of College Sports Real Estate
Private equity, long-established as a source of funding for professional sports, is now poised to make its entrance into college sports by fueling sports real estate and mixed-use districts adjacent to athletic facilities to generate revenue.
Landlords, Legal System Confront Surge Of Rental Fraud
Victor Petrescu, a real estate litigation partner at Levine Kellogg Lehman Schneider & Grossman LLP in Miami, discusses the increase in fraud in rental applications, how it is impacting landlords and the broader legal system, and what can be done.
Commercial More
UMB Bank NA has been granted wins on some of its claims in a suit regarding a failed $80 million Hard Rock Hotel development project, with a Kansas federal court ruling that claims it did not properly reimburs... (more story)
A group of Oklahoma-based companies accused retail-focused real estate investment trust Simon Property Group Inc. of waging "an anticompetitive campaign" to take down their competing mixed-use project in Oklahoma City.
A New York state panel on Monday endorsed a pair of proposals in Queens and another in the Bronx to win three downstate casino licenses, setting up final approval of the multibillion-dollar projects before the... (more story)
K&L Gates LLP announced Wednesday that it has brought on two experienced real estate finance attorneys whose practices focus on advising commercial mortgage-backed securities servicers.
Ralston Turbeville, a partner in Sullivan & Cromwell's real estate practice, guided Tishman Speyer's $3.5 billion refinancing of Rockefeller Center as well as the company's $2.85 billion refinancing of the Spi... (more story)
Canada-based QuadReal Property Group has announced real estate-focused LaSalle Investment Management will take a minority stake as part of a deal to recapitalize a $495 million U.S. industrial portfolio.
Texas law firm Polunsky Beitel & Green LLP has announced the hiring of a former technology lead at Codvo.ai and Wells Fargo as its chief technology officer, as it seeks to expand its use of artificial intellig... (more story)
Residential More
A Florida appeals panel on Wednesday affirmed a $4 million judgment in favor of a renter who alleged that his landlord failed to protect him from a mugging in which he was shot four times, finding that the iss... (more story)
A Texas federal judge sided with Texas Attorney General Ken Paxton in pausing a lawsuit from three Chinese nationals pending a Fifth Circuit decision in a parallel challenge to a policy preventing citizens of ... (more story)
The federal government filed a proposed final judgment on Monday that aims to settle antitrust claims accusing property management software company RealPage Inc. and multiple landlords of conspiring to use Rea... (more story)
The major multifamily landlord Greystar, along with the Federal Trade Commission and the state of Colorado, asked a federal court to approve their $24 million settlement to end a lawsuit alleging the company w... (more story)
California technology company QuinStreet Inc. said Wednesday it will pay a total of $190 million to acquire HomeBuddy, a homeowner-focused digital marketplace for home improvement contractors.
A New York City developer wrongfully took advantage of a rent-stabilization exemption for building renovations to profit from illegally deregulating rent-stabilized apartments, New York State and its Division ... (more story)
Residential mortgage servicer PennyMac Loan Services LLC can't shed a proposed class action alleging it unfairly charged borrowers "pay-to-pay" fees, a North Carolina federal judge has said, saying the service... (more story)