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
KKR Real Estate Finance Trust Inc. and TMG Partners confirmed Monday that OpenAI has leased a Silicon Valley, California, office campus, which KKR had tapped TMG to reposition in hopes of attracting a global tech tenant.
David Simon, CEO and president of Indiana-based shopping mall giant Simon Property Group, has died after a battle with cancer, the company announced Monday. Simon was 64.
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)
Cain and Eldridge Industries have secured $4.3 billion in loans through J.P. Morgan and VICI Properties to complete construction for One Beverly Hills, a luxury mixed-use project including residences, hotel ro... (more story)
A company that develops treatments to improve the health of the body's microbiome sought Chapter 11 protection, saying it had never generated a positive cash flow and faces unresolved litigation and a burdensome lease.
Mortgage servicing-focused real estate investment trust Two Harbors Investment Corp. said an unnamed third contestant has made an offer to acquire the company after it determined on Monday that CrossCountry Mo... (more story)
Construction law firm Zetlin & De Chiara LLP said Monday it has added an attorney with three decades of experience advising commercial construction as a partner in its New York office.
Residential More
A lawsuit in Pennsylvania federal court alleging that real estate firm Howard Hanna participated in a conspiracy to inflate agents' commissions is being undercut by a similar case in Illinois, where another se... (more story)
A Texas bankruptcy judge approved a stipulation allowing for the $2.45 million sale of the Beverly Hills home of the former CEO of subprime auto lender Tricolor Holdings, even as the founder and the debtor's C... (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)
The North Carolina Supreme Court has thrown out a couple's suit against a contractor over water and mold damage to their home, finding that a one-year limitation on claims in their work contract applies over t... (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)
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)
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.