Calif. Warns SEC Against Preempting State REIT Registration
California is urging the U.S. Securities and Exchange Commission not to adopt a proposal that could free certain real estate investment trusts and business development companies from registering with the state... (more story)
4 Firms Guide Meta, BlackRock's $14B Data Center Project
Meta and BlackRock are teaming up to develop a $14 billion, 1-gigawatt data center campus in El Paso, Texas, with guidance from Latham, Eversheds Sutherland, Kirkland and Milbank, the companies announced Tuesday.
4 Firms Guide $1.2B Self-Storage REIT Merger
Two real estate investment trusts sponsored by SmartStop Self Storage REIT Inc. affiliates have agreed to a $1.2 billion all-stock merger that's being advised by Nelson Mullins Riley & Scarborough LLP, Venable... (more story)
Colo. Sports Complex Owner Files Ch. 11 With $100M+ Debt
Future Legends LLC, the owner of a sports complex in Colorado, has filed for Chapter 11 protection in California with $100 million to $500 million in liabilities following legal battles with a local government... (more story)
Pa. Panel Narrows Test For Tax Exemption On Charities' Land
A Pennsylvania appeals court panel held Tuesday that the Salvation Army was wrongly denied a real estate tax exemption for an outdoor retreat by the organization, saying that the entire property was operated i... (more story)
Debevoise Names Real Estate Leader After Chair Moves To GC
Debevoise & Plimpton LLP said Tuesday that the longtime chair of its real estate division will take over as general counsel, in an announcement also naming the new leader of the practice group.
Bankrupt Summer Camps Owner Says Brother Handled Loans
David Shabsels, who listed $782 million of liabilities in his personal Chapter 11 bankruptcy case, said Monday he often signed loan documents that were given to him by his brother, against whom he may have fut... (more story)