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
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.
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)
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)
The Internal Revenue Service satisfied the supervisory approval requirements to impose penalties after disallowing a Missouri-based company's conservation easement deduction for the 2019 tax year, the U.S. Tax... (more story)
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)
Investment firm KKR and Singapore Telecommunications, or Singtel, announced a deal to buy out the remaining stake in Singapore-based data center operator ST Telemedia Global Data Centres for $5.2 billion, in a... (more story)
Residential More
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 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)
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)
Sidley Austin LLP worked on a $98 million mortgage for an affordable housing project on the site of an African bazaar in Manhattan.
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.
The federal government pushed back against public comments that criticized its proposed antitrust settlement with landlord Greystar Management Services LLC, telling a North Carolina federal court Wednesday to ... (more story)
The Florida Senate on Wednesday unanimously advanced a bill directing local governments to allow homeowners to build accessory dwelling units, such as garage apartments or guesthouses, in all single-family res... (more story)