Data Center Development Faces A Shortage On People Power
The competition for hard hat workers and specialized equipment for data centers is fiercer than ever, drawing resources away from other sectors and creating challenges for industrial developers, according to a Duane Morris construction attorney.
Why Insurance Capital Is Courting REITs
Private equity firms are looking to invest in joint ventures with real estate investment trusts in order to put some of their vast sum of insurance capital to work.
Uptick In Lender Guarantor Claims Shapes New Deals
Real estate litigators in New York City are seeing lenders bring more lawsuits against loan guarantors, arguing they have run afoul of provisions largely meant as a liability shield. Transaction attorneys are taking cues from lenders' efforts to draft more specific guarantee provisions, or alternatives to judicial foreclosure, in new loans.
Data Center Development Faces A Shortage On People Power
The competition for hard hat workers and specialized equipment for data centers is fiercer than ever, drawing resources away from other sectors and creating challenges for industrial developers, according to a Duane Morris construction attorney.
Why Insurance Capital Is Courting REITs
Private equity firms are looking to invest in joint ventures with real estate investment trusts in order to put some of their vast sum of insurance capital to work.
Uptick In Lender Guarantor Claims Shapes New Deals
Real estate litigators in New York City are seeing lenders bring more lawsuits against loan guarantors, arguing they have run afoul of provisions largely meant as a liability shield. Transaction attorneys are taking cues from lenders' efforts to draft more specific guarantee provisions, or alternatives to judicial foreclosure, in new loans.
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Commercial More
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Digital infrastructure company DataBank, advised by Davis Polk & Wardwell LLP, has obtained a $2 billion construction loan to build three leased 60-megawatt data centers in Red Oak, Texas, the company announced.
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Residential More
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The Miami Association of Realtors on Monday announced plans to merge with the Broward, Palm Beach & St. Lucie Realtors, noting that the move would create the largest local Realtor association in the world.
The U.S. Department of Justice has asked a California federal court to allow the government to take possession of a Beverly Hills mansion alleged to have been purchased and then renovated with $30 million in i... (more story)
A home improvement company's nationwide sales model is built on a misclassification scheme that shortchanged workers, a group of former sales representatives said in a proposed collective and class action file... (more story)
Homebuyers in a proposed class action accusing real estate brokerages of conspiring to hike up their fees asked a Florida federal court to block the companies from settling similar antitrust claims in an Illinois lawsuit.
A New Jersey federal judge on Thursday tossed a suit brought against the Ocean County Prosecutor's Office by two contractors alleging they were illegally targeted in a criminal investigation over a business ri... (more story)