Would REITs Seize On Semiannual Reporting?
As the U.S. Securities and Exchange Commission preps a rulemaking to relax quarterly reporting mandates, attorneys say numerous factors — including market adoption and investor and analyst pressure — would ultimately determine whether real estate investment trusts report less frequently.
Trump Admin May Be Overpromising WOTUS Clarity
The Trump administration says its proposal to shrink the Clean Water Act's reach would reduce regulatory burdens and provide clarity to farmers, homebuilders and other businesses, but it could face court challenges and potential reworking by future administrations.
Luxury, Group Travel Bolster Hotel Outlook After Bumpy Q3
Leading hotel operators and real estate investment trusts have reported a mix of results for the third quarter in recent earnings calls, pointing to luxury travelers and future group bookings as the biggest positives in the face of softening in the broader leisure segment and uneven business travel demand amid ongoing economic uncertainty.
Commercial More
A subletting company has agreed to resolve claims that it was used as a "'matchmaker'" of sorts for advertising and setting up illegal short-term rentals in New York City, the Mayor's Office of Special Enforcement announced.
A New York bankruptcy judge agreed Thursday to approve sale procedures for the insolvent owner of the NoMo SoHo Hotel in Manhattan, setting it on a path to wrap up the process in just 20 days.
Brookfield Asset Management said Wednesday it is working with Nvidia and the Kuwait Investment Authority on a program to acquire up to $100 billion worth of infrastructure assets supporting artificial intelligence technology.
An insurer failed to conduct a meaningful investigation of a North Carolina hotel's claim for tornado damage, the property owner alleged in a suit removed to federal court, saying the insurer issued a "puzzlin... (more story)
Phillips 66 cannot use the sale of a refinery in another state in its arguments for lowering the $1 billion assessment of a refinery in Louisiana, a state appeals court said, rejecting the company's appeal of the valuation.
The New York State Public Authorities Control Board has greenlit a 46.5-acre redevelopment plan that aims to build more than 2,000 new homes on "largely vacant and underutilized" state-owned land in eastern Qu... (more story)
Xinyuan Real Estate, a developer based in Beijing, has until next Wednesday to respond to an involuntary bankruptcy petition that three of its creditors brought in April alleging the company is in default on $... (more story)
Residential More
A Florida federal judge on Thursday smacked down a lender trade group's renewed bid to halt a Biden-era Consumer Financial Protection Bureau rule that will tighten standards on clean-energy home improvement lo... (more story)
Husch Blackwell LLP announced Thursday that it is continuing to expand its national real estate practice with the addition of an attorney in Austin, Texas, who came aboard from Jackson Walker LLP.
The New York City Council unanimously approved a plan to rezone 54 blocks in Long Island City on Nov. 12, enabling the construction of 14,700 new housing units with significant affordability mandates.
A proposed class of Michigan real estate brokers and agents have asserted that the National Association of Realtors effectively admitted to the litigants' antitrust claim when it revoked its disputed policy, w... (more story)
A group of Democratic lawmakers have reintroduced legislation in Congress to crack down on landlords using algorithms to systematically raise rental prices.
The IRS released temporary guidance Thursday on a new incentive that would exclude from taxable income 25% of interest from loans secured by a rural or agricultural property, including the definition of an eli... (more story)
Oregon-based senior living provider Bonaventure will invest $7 million in staffing and upgrades and shell out $200,000 in resident credits to resolve allegations of substandard care at 10 Washington state faci... (more story)