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

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.

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)

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)

Interior's Strategic Plan Calls For Federal Land Sell-Offs

The U.S. Department of the Interior this week outlined a plan to sell off, transfer and exchange federal public lands in an effort to "decrease the size of the federal estate," drawing criticism from conservation groups th...(read more)

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)

Residential 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."

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)

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)

Real Estate Broker Howard Hanna Accused Of 'Junk Fees'

Major real estate broker Howard Hanna has joined the firms being accused of charging homebuyers "junk fees," according to a proposed class action filed in Pennsylvania state court.

Compass Looks To Toss NYC Rental Listings Monopoly Case

Real estate brokerage Compass Inc. has urged a New York federal court to dismiss a proposed antitrust class action that accuses the company of monopolizing the Manhattan multifamily market by acquiring almost all of its ri...(read more)

Rent-To-Own Fintech Inks $183.5M Deal With AGs

The rent-to-own financing company Acima has reached a $183.5 million deal with 43 states to resolve claims that it misled consumers about the terms of its rental-purchase agreements and deceptively marked up prices, the Co...(read more)