Aerial view of data center under construction

New Calif. Data Center Laws 'Should Not Make Anyone Leave'

Data center developers in California need not fret about bills addressing digital infrastructure projects signed into law last month by Gov. Gavin Newsom, as the legislation doesn't change the state's existing permitting framework, a Cox Castle & Nicholson LLP real estate attorney said.

The Top September FAA Grants For Real Estate Projects

The FAA recently announced about $1.1 billion in grants for projects at hundreds of airports, and some of those funds will be used for major airport real estate work.

Views of foxtail palm trees at the front of apartment buildings

Fla. Bar Panel Backs Condo Termination Reform Proposal

Draft legislation aimed at opening a path in state law for terminating cost-burdened condominiums gained the backing of a key Florida Bar committee last week, standing out as one of the most sensitive topics at the condo law conference where the vote took place.

Expert Analysis

Illinois Banking Brief: All The Notable Legal Updates In Q3

Paige Lohse, John Martin and Kevin Warren

Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful ... (more story)

Foreclosure May Not Be The Fix For Distressed Office Loans

Howard Koh

Recently declining office values show that distressed borrowers and lenders should consider negotiated workouts, t... (more story)

3 Illinois Updates That Bolster Mortgage Lender Enforcement

Stephanie Mulcahy

Illinois lenders can use clarifications from recent legislative and judicial developments — a law defining the lim... (more story)

Commercial More

Tenn. Judge Tosses Developer's Data Centers Moratorium Suit

A Tennessee federal judge has tossed a data center developer's challenge to a moratorium on data centers without prejudice, ruling in part that the suit is inconsistent when it comes to the type of property in... (more story)

Shaky Term Sheets Sank 1300 Desert's $33M Exit Loan

A missing signature, inadequate evidence and uncertainty about follow-through thwarted a New Mexico industrial property's bid for $33 million in exit financing in its Chapter 11 case, a New York bankruptcy jud... (more story)

A rendering shows a planned Miami campus for Carnegie Mellon University that is being funded by a $3 billion gift from hedge fund executive Ken Griffin. (Courtesy of Griffin Catalyst)
Griffin Buys $1.1B Site For Carnegie Mellon Campus In Miami

Ken Griffin is continuing to make his mark on Miami, as the hedge fund executive paid $1.1 billion to acquire about 30 acres in the city's Wynwood neighborhood for a new Carnegie Mellon campus, Griffin and the... (more story)

Fried Frank-Led Conversant Wraps $845M Real Estate Fund

Real estate-focused investment firm Conversant Capital LLC, advised by Fried Frank Shriver Harris & Jacobson LLP, revealed Wednesday it closed its inaugural private investment fund with $845 million in tow.

Rising Interest Rates, Tariffs May Benefit Older NYC Buildings

Rising interest rates and tariffs are pushing up the cost of construction and slowing the pipeline of amenity-rich, Class A properties in New York. That could bode well for the city's older properties based on... (more story)

2 Firms Guide Tishman's Chrysler Building Lease, Rehab Plan

Tishman Speyer said Wednesday that it has reached a deal with a private college for a long-term lease and $235 million restoration at the Chrysler Building in Manhattan with investors such as the Public Sector... (more story)

Paul Hastings Guides $245M Manhattan Office Tower Sale

An entity connected to L&L Holding Co. has sold a Manhattan office tower for $245 million to entities connected to L&L Infinite Real Estate Partners in a deal guided by Paul Hastings LLP, according to document... (more story)

Residential More

Okla. High Court Bars Property Tax Phaseout From Ballot

An Oklahoma ballot measure that proposed eliminating the state's ad valorem property tax by 2029 is unconstitutional and cannot appear on the November ballot, the state Supreme Court ruled.

Texas Apartment Owner Hits Ch. 11 With Over $50M In Debt

A single-asset real estate holding firm tied to an apartment complex near Dallas has filed for Chapter 11 relief in the Northern District of Texas, listing more than $50 million in liabilities.

Colorful, connected apartment buildings
'Strong Possibility' DC Voters Would Favor Rent Freeze

Voters in Washington, D.C., would likely approve an initiative to freeze apartment rents that recently survived a court challenge and may appear on a ballot in the spring, though the measure would harm the dis... (more story)

HUD Probes Wells Fargo's 'Racial Equity' Mortgage Initiatives

The U.S. Department of Housing and Urban Development said Wednesday that it is investigating whether Wells Fargo violated federal antidiscrimination laws by offering mortgage programs aimed at increasing Black... (more story)

Chubb Sued By Ex-LA Times CEO Over Palisades Fire Damage

Chubb uses a "rotating cast" of biased consultants to downplay property damage and minimize its coverage obligations, alleges businessman and former Los Angeles Times CEO Austin Beutner, who accused Chubb in C... (more story)

BDT & MSD To Buy Luxury Senior Housing Provider Sunrise

In a move aimed at capitalizing on the current wave of aging baby boomers, Sunrise Senior Living announced Tuesday that funds affiliated with BDT & MSD Partners, a merchant bank with ties to computer pioneer M... (more story)

Pension Funds Lead Securities Suit Over Zillow, Redfin Deal

A Washington federal judge has appointed two pension funds as lead plaintiffs in a proposed securities class action filed over an allegedly anticompetitive Zillow Group Inc. and Redfin Corp. deal and has also ... (more story)