States Push To Rein In Data Centers Via Bans, Restrictions
Lawmakers across the country are weighing a gamut of rules for data center projects amid concerns about their use of resources and impacts on consumer electricity bills, including mulling temporary bans on development and repeals of tax breaks in states with big markets.
Fed Keeps Rates Steady, To Dismay Of Most In Real Estate
The Federal Reserve on Wednesday voted to keep interest rates steady, dashing any hope the real estate market had for a reduction in interest rates to bring down the cost of borrowing, boost prices and drive transactions.
Iran Conflict Reveals Real Estate Risk And Resilience
The Iran conflict's impact on U.S. commercial real estate so far has been limited, but some real estate and construction attorneys in the U.S. and the Middle East are seeing early consequences, including clients invoking force majeure provisions.
Commercial More
A Delaware lender has sued a group of real estate investors and affiliated entities in Delaware Chancery Court, accusing them of defaulting on a $3.8 million mezzanine loan and then diverting collateral to avoid repayment.
Last year saw more than $580 billion in global data center investment, up 27% from 2024, and the U.S. alone in 2026 could approach $500 billion in such investment, according to a report Colliers released Wednesday.
New York lawmakers are looking to buy time to prepare for data centers with a moratorium bill introduced in the state legislature last month, but even a brief pause may push development to other states or othe... (more story)
Foley & Lardner LLP announced plans Wednesday to move its Jacksonville, Florida, office later this year to a recently constructed six-floor tower in the city's downtown sports and entertainment district that i... (more story)
A developer that pitched a Milwaukee high-rise as the biggest in North America to use a timber-based structural system is facing a state lawsuit from a general contractor that claims it is owed $11.3 million f... (more story)
FBT Gibbons LLP has added two public finance partners, one from Bracewell LLP in Houston and another from Barnes & Thornburg LLP in Columbus, Ohio.
Three brokers are accusing CBRE of diverting $4 million in commissions from a Washington, D.C., office tenancy deal with a legal industry client to others who didn't substantively work on the transaction, acco... (more story)
Residential More
New York City Mayor Zohran Mamdani on Wednesday said his administration wants to speed up affordable housing construction on city-owned land by seeking developers to bid in a program that aims to reduce by eig... (more story)
A city housing authority and its corporate development arm have asked a Connecticut Superior Court judge to order the civil arrest of an attorney accused of funneling nearly $10 million in unauthorized loan pr... (more story)
A pair of recent executive orders from President Donald Trump easing mortgage lending rules and home construction regulations drew broad support from industry groups as steps toward increasing affordable housi... (more story)
The Federal Trade Commission and the U.S. Department of Justice are not giving up on attempting to overhaul the "insufficient" half-century-old merger notification form after its replacement was just struck do... (more story)
A Florida federal judge declined on Monday to remand a Michigan couple's lawsuit against a Mexican resort company in a bitter feud over alleged fraud stemming from a deal to resell vacation bookings, rejecting... (more story)
Houston-area developer Colony Ridge told a Texas federal court that allegations underpinning a $68 million settlement with federal and state regulators would have faced "serious headwinds" at trial, pushing ba... (more story)
Nearly $3.2 billion in commercial mortgage-backed securities debt is reaching hard maturity in March, and among maturing CMBS loans, multifamily has the highest delinquency rate, according to a report Monday from Trepp.