Real estate practitioners mostly downplayed the immediate impact that Wednesday's widely anticipated interest rate hike by the Federal Reserve will likely have on the industry, but they also noted the significant challenges that reinforced expectations for a "higher-for-longer" rate environment portends for financing and project advancement.
Preparing to close a loan for a large office building acquisition. Meeting with clients who had traveled from Buffalo to Manhattan for a hearing. Anticipating a brother opening a New York restaurant. These are among the Sept. 11 stories New York real estate lawyers shared with Law360, 25 years after the attacks on the World Trade Center.
Developers across the country are accusing city and county governments of violating their constitutional rights to due process, claiming in federal lawsuits that recently enacted moratoriums on data center projects are expressly targeting them.