Looking-up view of office tower with an East 42nd Street sign in the foreground

Interest Rate Uptick Adds New Wrinkle To Office Conversions

Three months after a structural failure at a prominent office-to-residential conversion in New York City prompted a sweep of inspections, investors are pursuing such projects as actively as ever, though rising interest rates pose a fresh challenge, according to a real estate leader at Polsinelli PC.

Silhouetted man walks down narrow pathway between tall stacks of servers

Data Centers Loom Large In Calif. Ballot Initiative Debate

An initiative on California's November ballot is spurring debate about the environment, housing, energy and infrastructure — and opposing sides seem to largely disagree on whether the change to the state's environmental law would apply to data centers.

A person holds a black posterboard sign that says Fight Data Centers

Where Data Center Bans Are On The Ballot

Voters in about a dozen states will weigh the future of data center development in their cities and counties through ballot measures in the upcoming midterms, including in one state where proposed bans are up for consideration in 10 localities.

Expert Analysis

How Shift In Ohio Foreclosure Appeals Alters Lenders' Risk

Terry Posey

In a series of recent decisions, the Ohio Supreme Court changed who bears the risk of an erroneous foreclosure jud... (more story)

Preventing HOA Bias After Wash. Ruling Highlights Risk

Brett Sullivan

Because homeowners nationwide can now draw on precedent from a recent Washington state appellate decision holding ... (more story)

Tracking The 2027 Va. Bills That May Tighten Data Center Regs

David Schneider and Briana Becker

Data center developers and operators should monitor Virginia legislation responding to the state's new data center... (more story)

Commercial More

Tribal Immunity Sinks Picayune's Bid To Halt Calif. Casino

A California federal judge has tossed the Picayune Rancheria of the Chukchansi Indians' lawsuit challenging the North Fork Rancheria of Mono Indians' opening of a competing casino on a 305-acre trust property ... (more story)

Mich. AG Challenges Google Data Center Power Deal Approval

Michigan Attorney General Dana Nessel asked a state utility regulator Friday to reconsider its recent approval of DTE Electric Co.'s application to service a 1-gigawatt Google data center near Detroit, asserti... (more story)

Two people stand in front of a ballot dropoff box that says VOTE on the side
Property Tax Break Tops RE Questions Facing Fla. Voters

Real estate matters will factor into Florida voters' decision-making on Election Day, most prominently over a proposal to amend state property tax law but also in several other state and local questions that c... (more story)

Real Estate Investors Say Deceit Tanked Conn. Projects

A group of investors living in Israel is demanding to know what happened to the millions of dollars it put into three Connecticut properties that decayed and fell into foreclosure, bringing a contract and frau... (more story)

Evergrande Liquidators Ink $513M Deal To Sell Property Stake

China Evergrande Group's liquidators have agreed to sell a roughly 51% controlling stake in the company's property management arm to a PAG-backed investment vehicle for about HK$4.03 billion ($513 million), wi... (more story)

Weil Leases Add Pressure To $3B In CMBS Loans, KBRA Says

Weil Gotshal & Manges LLP's upcoming wind-down elevates credit risk for more than $3 billion worth of commercial mortgage-backed securities loans, because the firm is a tenant in several office buildings being... (more story)

Ga. Developer Fights Coverage Denial For Fraud Loss

A developer told a Georgia federal court that a Chubb unit wrongly denied coverage for losses stemming from a third party's accessing of a client's payment portal to direct payments away from the developer.

Residential More

K&L Gates DQ'd In Trust's Mortgage Loan Agreement Dispute

A Washington federal judge disqualified K&L Gates LLP from a trust's dispute over a residential mortgage loan sale agreement, ruling that the law firm must leave the suit because it drafted the form agreement ... (more story)

Mo. Court Rejects Challenge To Property Tax Increase Caps

A challenge to voter-approved local caps on residential property tax hikes in Missouri was struck down by a state circuit court, which found the taxpayers and taxing authorities involved did not have standing ... (more story)

Man with shaggy brown hair wearing a gray suit and green tie sits in an armchair holding a microphone
Trudeau Urges Gov't Role In Easing Housing Crisis

Headlining the Urban Land Institute's annual meeting in Miami Beach, Florida, former Canadian Prime Minister Justin Trudeau said Monday that government has a critical role to play in addressing the housing cri... (more story)

Groups Urge High Court To Maintain Halt Of Big Bend Wall

A group of environmental advocates urged the U.S. Supreme Court to keep in place an order that blocked construction of barriers along the Big Bend border, arguing immigration officials exceeded their authority... (more story)

Builder Says Insurer Shifted Reasons To Deny $600K Claim

A general contractor said its insurer must pay nearly $600,000 and counting for costs incurred to remedy a flooring subcontractor's faulty work, telling a Tennessee federal court that the carrier wrongfully de... (more story)

Ex-Property Management VPs Owe $1.6M For Poaching Clients

Two former officers and directors at a North Carolina property management company must pay their ex-employer more than $1.6 million in damages to make up for clients they allegedly poached for a rival business... (more story)

2 Firms Advise $130M Loan For Brooklyn Apartment Project

Developer Tavros Holdings closed on a $130.2 million mortgage at the site of a 260-unit Brooklyn residential project in a deal advised by Goldberg Weprin Finkel Goldstein LLP and Day Pitney LLP.