What's Next For Data Centers After Midterm Setbacks?

The new political landscape to emerge from last week's midterm elections could herald more oversight and slow data center development, but attorneys expressed optimism that deals will be done and could ultimately benefit local communities more.

Multifamily REIT Vivmark Looks To Ramp Up Development

Vivmark Residential is planning to increase its real estate development activity following the completed $69 billion AvalonBay Communities Inc. and Equity Residential merger that created the multifamily giant, executives told analysts on an earnings call.

Views of foxtail palm trees at the front of apartment buildings at Miami, Florida stock photo (iStock/Jason Finn)

What They're Saying About Fla.'s New Property Tax Break

Florida voters pushed a controversial property tax break just over the finish line on Election Day despite warnings from local governments and police and firefighter associations that the proposal would eliminate billions of dollars used to fund public safety and other core services. Now comes the waiting period to see how local governments respond when they put their budgets together next year.

Expert Analysis

8 Ways To Prep For Calif. Fair Mortgage Lending Exams

Anoush Garakani, Nanci Weissgold and Melissa Malpass

California financial institutions face a new fair lending examination framework in January that adds formal reviews for certain...(read more)

What To Know About New Proposed Opportunity Zone Regs

Jessica Millett and Caroline Koo

The Treasury and IRS recently released proposed regulations for the permanent extension of the opportunity zones program, with ...(read more)

How Power Grid Delays Are Reshaping Data Center Deals

Kathryn Furman, Steven Zavodnick and Jeffrey Brum

Texas' pause on permits while it studies data centers' effect on its electrical grid highlights the nationwide problem of years...(read more)

Commercial More

Ex-NYC Jails Chief Describes Push To Hire Mayor Adams' Pick

New York City's former jails chief took the stand on Friday in the state's bribery trial against Eric Ulrich, the former head of the city's buildings department, telling the judge he hired the daughter of co-defendant Mich...(read more)

Fed. Judge Lays Into DOJ Lawyers In Golf Course Case

A D.C. federal judge sharply admonished government lawyers Friday about the Trump administration's plans for the East Potomac Golf Course, warning that she would initiate contempt proceedings if she found evidence that doc...(read more)

View of the Brickell's skyline financial center in Biscayne Bay.
South Florida's Office Market Stays Hot Even As Rivals Gain

Miami and the surrounding South Florida office market continues to exhibit strong momentum and future potential, according to fresh data as well as the accounts of leaders from several major corporate transplants who share...(read more)

Property Owner Urges Colo. Judge To Toss ICE Permit Suit

A landlord told a federal judge Friday that the city of Glenwood Springs, Colorado, can't use a zoning lawsuit to stop a property owner from leasing a facility to U.S. Customs and Immigration Enforcement, in a motion to di...(read more)

Sidley Austin Adds Ex-Dechert RE Finance Pro To NYC Office

Sidley Austin LLP has hired an ex-Dechert LLP commercial real estate finance partner for a partner role on its real estate and global finance teams in New York City, the firm announced.

Office Snapshot: ArentFox's New Digs In Same Boston Tower

ArentFox Schiff LLP didn't move far to its new Boston location, but the recently opened office provides a pristine space for the firm's nearly 100 attorneys and staff with a focus on collaboration and cutting-edge technology.

Resort Developer Cleared To Seek Vote On Ch. 11 Plan

A Texas bankruptcy judge gave Five Star Development permission Friday to send a Chapter 11 plan for some of its affiliates out for a creditor vote, with the debtor aiming for a mid-December confirmation and an exit from ba...(read more)

Residential More

GAO Explores Tech's Potential To Aid Housing Crisis

In a new report, the U.S. Government Accountability Office highlighted a variety of emerging and existing technologies it said show potential to help address national housing affordability and supply issues, while also con...(read more)

Compass Files Litigation Blitz To Curb 'Straight To MLS' Rules

Compass Inc. has filed over a dozen antitrust lawsuits in federal courts across the country, accusing more than a dozen Multiple Listing Services in at least six states of adopting "competition-killing," "straight to the M...(read more)

Construction workers assemble the wooden framing of a house.
Calif. Voters Reject Prop. 45 Fast-Tracking CEQA Reviews

Golden State voters have rejected the California Chamber of Commerce-backed Proposition 45, which would have limited reviews under the California Environmental Quality Act and allowed developers to fast-track most housing,...(read more)

HUD Fights Lawyers' Bid To Revive Fair Housing Suit

The U.S. Department of Housing and Urban Development told the District of Columbia federal court to not let a group of HUD attorneys refile their Fair Housing Act suit against the department, saying the attorneys shouldn't...(read more)

Texas Homeowners Say SpaceX Stalling In Rocket Noise Suit

Dozens of Texas residents who accuse SpaceX of knowingly allowing rocket launches to damage their homes asked a federal judge to deny the company's push to pause discovery, arguing its "answer to everything is delay."

4 Questions For Macfarlanes' Private Capital Real Estate Head

Assets such as data centers and digital infrastructure are proving resilient to economic and geopolitical volatility, Victoria Hills of Macfarlanes says. Hills talks here to Law360 about the biggest opportunities for prope...(read more)

NYC, LA, Other Cities Seek To Halt Latest HUD Grant Terms

New York, Los Angeles, Chicago and dozens of other cities across the country that have challenged the Trump administration's grant restrictions are asking a Washington federal judge to block a new round of funding conditio...(read more)