Some of the biggest states in the U.S. have for years allowed developers to create special districts in which future property owners, instead of general taxpayers, pay for the infrastructure the neighborhood needs. Now, other fast-growing states are starting to join the club.
Scott and Garrett Reynolds launched their company, UpCodes, with the aim of using technology to help anyone engaged in a building project more easily comply with the myriad codes regulating the field, but along the way, they've repeatedly found themselves having to defend their efforts in court.
After the U.S. Securities and Exchange Commission on Tuesday unveiled a proposal to allow companies to make semiannual disclosures, attorneys who advise real estate investment trusts are skeptical that many REITs will opt for less frequent reporting.