States Push To Rein In Data Centers Via Bans, Restrictions
Lawmakers across the country are weighing a gamut of rules for data center projects amid concerns about their use of resources and impacts on consumer electricity bills, including mulling temporary bans on development and repeals of tax breaks in states with big markets.
Fed Keeps Rates Steady, To Dismay Of Most In Real Estate
The Federal Reserve on Wednesday voted to keep interest rates steady, dashing any hope the real estate market had for a reduction in interest rates to bring down the cost of borrowing, boost prices and drive transactions.
Iran Conflict Reveals Real Estate Risk And Resilience
The Iran conflict's impact on U.S. commercial real estate so far has been limited, but some real estate and construction attorneys in the U.S. and the Middle East are seeing early consequences, including clients invoking force majeure provisions.
Commercial More
A Liberty Mutual unit must defend Red Roof Inn in 11 suits claiming that the hotel chain financially benefited from human trafficking, an Ohio federal court ruled, saying the claims constitute an occurrence fo... (more story)
Janus Living Inc., a senior housing real estate investment trust spun out of Healthpeak Properties, began publicly trading Friday after pricing an upsized $840 million initial public offering guided by Latham ... (more story)
New York lawmakers are looking to buy time to prepare for data centers with a moratorium bill introduced in the state legislature last month, but even a brief pause may push development to other states or othe... (more story)
In this Week's Taxation With Representation, Public Storage acquires National Storage Affiliates Trust, 3M teams up with Bain Capital to buy Madison Fire & Rescue, and Mastercard acquires stablecoin infrastructure firm BVNK.
Under a joint venture, private equity firm Apollo Global Management has agreed to invest $1 billion with real estate investment trust Realty Income Corp. to acquire a portfolio of single-tenant retail properti... (more story)
Ecolab said Friday it has agreed to acquire CoolIT Systems, a company focused on liquid cooling technology for artificial intelligence data centers, from private equity firm KKR for approximately $4.75 billion... (more story)
The chief legal officer of real estate investment trust Prologis Inc. earned total compensation of nearly $5 million in her first year on the job, according to a securities filing Thursday.
Residential More
Attorneys who represented classes of people who say they received harassing phone calls from real estate agents in violation of federal telemarketing laws are asking for way too much of the $20 million settlem... (more story)
New York and New York City separately urged a federal court this week to dismiss landlords' latest attempt to challenge 2019 changes to the state's rent stabilization laws, alleging the landlords' takings clai... (more story)
A pair of recent executive orders from President Donald Trump easing mortgage lending rules and home construction regulations drew broad support from industry groups as steps toward increasing affordable housi... (more story)
Recent bills would give attorneys general in three states more power to sue fossil fuel companies over climate change-related insurance costs. Such lawsuits would likely face challenges.
U.S. investors who bought single-family homes and condos to sell within a year for profit saw the lowest median rate of return on investment last year since the Great Recession, ATTOM said in a report released Thursday.
Two Harbors Investment Corp., a real estate investment trust focused on mortgage servicing rights, said Thursday it received a new acquisition proposal from an unnamed bidder, after reaching a deal in December... (more story)
Artificial intelligence company Palantir Technologies announced a partnership with startup Moder on Thursday to build AI-based mortgage operations, starting with Freedom Mortgage, a mortgage originator and ser... (more story)