States Consider Pumping The Brakes On Data Centers
At least six states, including Virginia, could prohibit new data center construction under proposed moratoriums this year, measures some attorneys say would be unprecedented for addressing concerns over resource usage and could invite constitutional questions.
What Private Real Estate Lenders Should Know On Fraud Risk
With private lenders taking on a bigger role in real estate, they have become a target of fraudsters. Miami-based attorney Stephanie Hauser explained the strategies these scammers often pursue and steps lenders and their lawyers can take to protect themselves.
Executive Order Prompts Build-To-Rent 'Sigh Of Relief'
Build-to-rent's exclusion from a recent executive order targeting Wall Street's investment in the single-family market could add to its appeal for institutional investors, who were already flocking to build-to-rent, due to demand for affordable entry-level housing, its efficiency, scale and similarities to multifamily development.
Commercial More
In this week's Taxation With Representation, Elon Musk announces SpaceX's acquisition of his artificial intelligence startup xAI, Devon Energy and Coterra Energy agree to merge, and Banco Santander SA acquires... (more story)
Kansas would phase out property taxes over a three-year period under a bill introduced in the state Senate.
Executives at Blackstone Inc. said during its quarterly call with analysts to discuss financial results that while parts of the real estate sector are still sluggish, the company is confident in the long-term ... (more story)
Atlanta-based real estate investment trust Cousins Properties said it has paid $317.5 million for an office property in Charlotte, North Carolina, that's occupied by tenants including K&L Gates LLP, Mayer Brow... (more story)
A California bill that would mandate safety standards for the testing and clearance of homes after wildfires could make toxicity concerns more central to a claims process in which living expenses are at stake ... (more story)
Burr & Forman LLP has hired a former Maynard Nexsen PC shareholder and NFL agent for a partner role in the firm's Charleston, South Carolina-based real estate team.
The $61 million sale of an office building in Miami's Coconut Grove neighborhood set a record for the area, maintaining a run of revived interest in the city's oldest district and providing evidence of opportu... (more story)
Residential More
A Missouri federal judge granted final approval for $42 million worth of class action settlements to resolve antitrust claims accusing the National Association of Realtors and multiple brokerages of conspiring... (more story)
A Texas appellate court determined Thursday that Bank of New York Mellon Trust Co.'s suit against the company that purchased senior revenue certificates for a student housing facility does not belong in the Lo... (more story)
The value of U.S. housing declined in January for the sixth straight month and lower mortgage rates led to an 8.4% year-over-year decrease in the costs of monthly mortgage payments, according to a report poste... (more story)
The federal government has asked a Pennsylvania federal court to sign off on a consent decree reached with Kingston, Pennsylvania, that would see the borough roll back recent changes to its zoning laws that al... (more story)
Sidley Austin LLP worked on a $98 million mortgage for an affordable housing project on the site of an African bazaar in Manhattan.
L&L Holding Co., led by Paul Hastings LLP, and Oak Row Equities have obtained a $335 million loan from Blue Owl Capital to refinance Wynwood Plaza, a 1 million-square-foot campus with apartments and offices in... (more story)
Nixon Peabody LLP has selected an affordable housing and real estate partner to take over as managing partner in the firm's Rochester, New York, office.