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 bankrupt resort residence complex on the Caribbean island and British Overseas Territory of Anguilla asked a Delaware judge to approve a settlement with various parties including a family who alleged their c... (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.
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)
Mayer Brown and Fried Frank are among the law firms that guided the largest New York City real estate deals that hit public records last week, with Manhattan trades occupying the top four spots on the list.
U.S. construction spending broadly slowed down again in January, with both residential and nonresidential segments declining from a month prior, according to recent data from the U.S. Census Bureau.
Insurance provider General Casualty Co. of Wisconsin on Friday challenged client Reed Hein & Associates LLC's $630 million settlement with a class of Reed Hein customers in Washington federal court, saying the... (more story)
KKR Real Estate Finance Trust Inc. and TMG Partners confirmed Monday that OpenAI has leased a Silicon Valley, California, office campus, which KKR had tapped TMG to reposition in hopes of attracting a global tech tenant.
Residential More
A Lackawanna County, Pennsylvania, developer's dispute with Pennsylvania American Water Co. over the location of water meters belongs before the state Public Utility Commission, not a trial court, an appellate... (more story)
Zillow Group Inc. urged a Washington federal court to dismiss a proposed class action alleging real estate agents were forced to promote its loan business in exchange for client referrals, arguing the agents f... (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)
Atlanta must face a former building inspector's lawsuit claiming he was denied a promotion because he was nearly 60, a Georgia federal judge ruled, rejecting the city's assertion that a magistrate judge should... (more story)
The Metropolitan Transportation Authority said Tuesday that it is seeking proposals to develop a lot in Crown Heights, Brooklyn, into about 300 new housing units following a rezoning last year.
The U.S. Supreme Court declined Monday to take up a now-shuttered mortgage services firm's yearslong fight against a nearly $8 million Consumer Financial Protection Bureau judgment, rebuffing an appeal tied in... (more story)
A Maryland federal judge signaled that he likely wouldn't block Prince George's County from evicting condo owners whose buildings have been without heat since December, but also said he likely wouldn't dismiss... (more story)