CRE Brokers Tout Q4 Results Despite AI Disruption Concern
Commercial real estate's biggest brokerages disputed the notion that artificial intelligence technology could eventually replace the work of brokers or drive down demand for office space during fourth-quarter earnings calls announcing brisk earnings and revenue growth.
Shareholder Activism In Real Estate Enters New Era
Boards of directors for real estate investment trusts should expect dissenting investors to continue challenging corporate leadership behind closed doors and in the open, attorneys say, because the days of REITs being unattractive targets are over.
Perkins Coie Atty Talks Anti-Money Laundering FinCEN Rule
Starting in March, residential real estate transactions will have to make disclosures under new anti-money laundering requirements from the U.S. Treasury Department's Financial Crimes Enforcement Network.
Commercial More
The U.S. Supreme Court on Tuesday declined to pause a provision of New Jersey's affordable housing framework that a coalition of state municipalities said unfairly places all responsibility for building such h... (more story)
The Fourth Circuit on Tuesday found that a Virginia Beach, Virginia, residential community for seniors can restrict a company from planting over a centerpiece golf course with trees, in a dispute that escalate... (more story)
Real estate investment trusts Equinix Inc. and Digital Realty Inc. attributed the growth they experienced last quarter and last year to data center demand from various sources, including business sectors beyon... (more story)
A Texas bankruptcy judge on Tuesday said he would allow Office Properties Income Trust to solicit votes on a Chapter 11 plan that would let the company cut about $1.1 billion in debt, reserving creditor object... (more story)
Greenberg Traurig LLP has hired a former Baker McKenzie attorney who specializes in real estate-focused private equity funds as a shareholder in its Chicago office.
Counsel for luxury retailer Saks and retail landlord Simon Properties asked a Texas bankruptcy judge on Tuesday to rule if a $100 million deal in 2024 allows Simon to terminate two of Saks' leases.
The federal judiciary says courthouses are in "crisis," with an $8.3 billion backlog in maintenance, and on Tuesday repeated its request to Congress for the direct authority to maintain the buildings.
Residential More
D.C. Circuit judges wrestled Tuesday with the Trump administration's push to lift an injunction blocking mass layoffs at the Consumer Financial Protection Bureau, signaling doubts about the government's positi... (more story)
A mortgage loan servicer and a trust succeeded in getting tossed a proposed class action brought by a North Carolina couple who claimed the entities tried to unlawfully collect interest and fees on their mortg... (more story)
On Wednesday, New York City Mayor Zohran Mamdani announced six appointments to the Rent Guidelines Board, a nine-member body that could green-light a rent freeze for the city's 1 million rent-stabilized apartm... (more story)
The Eleventh Circuit on Tuesday allowed the Consumer Financial Protection Bureau's new rule on clean-energy home improvement loans to take effect next week, rejecting a last-ditch attempt by a trade group to b... (more story)
The Fourth Circuit has revived a proposed class action West Virginia homeowners brought against the mortgage subservicer LoanCare LLC over alleged interest overcharges, ruling the lower court improperly interp... (more story)
A coalition of banking trade groups and related entities urged federal regulators to adopt revisions to bank capital requirements, including adopting a more granular approach to residential mortgage loan risk ... (more story)
New York City Mayor Zohran Mamdani on Tuesday named Sideya Sherman, the city's former equity office commissioner, to lead the Department of City Planning and chair the City Planning Commission.