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
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.
The developer of a California resort project has proposed a new Chapter 11 plan and disclosure statement in Delaware bankruptcy court, seeking permission to solicit votes on a plan that will likely impair most... (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)
Microsoft will no longer use nondisclosure agreements for new data centers and is in the process of terminating its active NDAs globally, the company said Wednesday.
Logistics real estate leader Prologis and investor GIC announced Thursday that they have formed a $1.6 billion joint venture to develop and own build-to-suit logistics facilities across major U.S. markets.
A joint venture of Dallas, Texas-based Suntex Marina Investors and private equity firm Centerbridge Partners on Thursday announced a merger with a portfolio of 13 marinas held by Florida-based owner Windward.
The Delaware Chancery Court on Wednesday kept a Philadelphia developer in control of a high-profile redevelopment of the historic Bourse building, ruling that the company should remain in charge while a fast-m... (more story)
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)
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)
A putative class action claiming antitrust violations against one of the biggest real estate firms in the Northeast has been settled, according to a judge's order on the Connecticut state court case docket.