Attorneys Break Down COPA Bill Poised To Pass In NYC
As a bill to give nonprofits the opportunity to buy some residential buildings is gaining momentum toward possible passage in the New York City Council this month, real estate attorneys are analyzing the policy's potentially far-reaching impact.
Moody's Says Funding Types Grow With Data Center Demand
Financing sources for data center projects are becoming more diverse as the number and size of such developments continue to grow, according to a report from analyst and credit rating agency Moody's.
The Real Estate Matters Keeping GCs Up At Night
As the general counsel of real estate companies cope with fast-changing market dynamics and consider how to implement new technology, outside counsel can play an important role in helping them make better decisions.
Commercial More
French luxury group Kering said Tuesday it has completed another real estate joint venture with private equity firm Ardian, expanding a partnership launched earlier this year with a $900 million deal for a Fif... (more story)
Guarantors of a $152 million loan for a Miami hotel said its lender is exploiting an error made by the borrower's attorney, a practice leader at Latham & Watkins, to collect fees "in perpetuity" under a guaran... (more story)
Hawaii real estate investment company MW Group, San Francisco-headquartered real estate investment company DivcoWest and funds affiliated with Blackstone Real Estate have struck a $2.3 billion deal to take a H... (more story)
The New York State Gaming Commission granted three casino licenses to New York City for projects proposed in Queens and the Bronx, finalizing a tiered license system tied to the size of applicants' investments.
Pure Data Centres Group announced Monday that it will lease the entirety of a €1 billion ($1.17 billion) data center campus under construction in Amsterdam to a single client, which it says is the largest stan... (more story)
North Carolina's highest court sided with two real estate companies against a suit filed by their former partner on a multifamily redevelopment project, ruling on Friday that the businesses were contractually ... (more story)
A Florida federal judge said Friday that Lockheed Martin Corp. must face claims from three families that allege chemicals produced at a research and development facility contaminated the surrounding environmen... (more story)
Residential More
A Florida rental properly investor accused a real estate broker in state court of misappropriating more than $121 million intended as investment distributions, saying she used her position as manager of severa... (more story)
A jury on Friday returned a guilty verdict for a former One Sotheby's International Realty agent who was accused of stealing $3.7 million in proceeds from the sale of a Miami-area beachfront luxury condo.
Rental industry analyst Yardi Matrix reports that multifamily rents and demand each sagged for the fourth straight month in November, a broad trend that visited cities both with and without new supply coming to market.
A New York real estate developer fraudulently obtained $8.5 million worth of COVID-19 pandemic relief loans and spent the money on two seven-bedroom homes in the Hamptons, diamond jewelry and paying off person... (more story)
New York City officials on Friday announced a $1 billion plan to rebuild a nearly three-mile boardwalk on Coney Island, add 1,500 homes, and update infrastructure and a sports center.
The federal government said it is investigating alleged racial discrimination in Boston's housing programs, accusing the city of favoring nonwhite residents in an effort to achieve racial equity in housing.
The Fifth Circuit has affirmed the dismissal of a Chinese citizen's suit challenging a Texas law that bars residents and entities domiciled in specific countries, such as China, from buying property in the sta... (more story)