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
An Alabama company targeted in a $2 million fraud lawsuit by a Singaporean firm that creates cryptocurrency via Bitcoin mining has told a federal judge that the disagreement should be arbitrated, saying the ca... (more story)
A private equity firm the U.S. Securities and Exchange Commission accused of defrauding investors in a $1 billion fund will have to face the lawsuit in Florida, after a federal judge there refused Friday to to... (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)
A Texas federal judge has found that the U.S. Department of the Treasury's Financial Crimes Enforcement Network can't maintain its directive regarding reporting of all-cash residential real estate transactions... (more story)
Homebuilders challenging the City of Raleigh's capital facilities fee ordinances can proceed within a certified class action after North Carolina's highest court ruled Friday that state statute requires unlawf... (more story)
South Dakota lowered maximum property tax levies that may be imposed by school districts under a bill signed by the governor.
A Georgia conservation easement donor asked the Eleventh Circuit to resurrect a nearly $22 million deduction associated with the land donation, saying the U.S. Tax Court admitted that there was no abuse in the... (more story)
Residential More
Broker Northmarq said Friday it secured a $512 million Freddie Mac credit facility to refinance and recapitalize a 13-property multifamily portfolio for Kansas City, Missouri-based real estate company Price Brothers.
Northwest Multiple Listing Service must face Compass Inc.'s claims that Northwest abused its market power by requiring brokerages to list all properties on its platform before marketing them internally, a Seat... (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)
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)
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.