Commercial

Expert Analysis

• What To Know About New Proposed Opportunity Zone Regs

  

  The Treasury and IRS recently released proposed regulations for the permanent extension of the opportunity zones program, with key points including revocations of inadvertent qualified opportunity fund self-certifications, voluntary decertifications and expanded reporting requirements, say attorneys at Hogan Lovells.

• How Power Grid Delays Are Reshaping Data Center Deals

  

  Texas' pause on permits while it studies data centers' effect on its electrical grid highlights the nationwide problem of yearslong interconnection delays, where the ways developers, investors and customers bridge that gap — and decide who bears the risk when it widens — increasingly determine whether a deal works, say attorneys at King & Spalding.

• 6 Ways RE Projects Can Balance Campus, Commercial Needs

  

  Recent mixed-use campus developments show that housing, research, hospitality, retail and recreation can share infrastructure and institutional identity while operating under diverse requirements, as long as the underlying agreement structures are carefully thought out and drafted, says Bob Burton at Winstead.

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

  

  Data center developers and operators should monitor Virginia legislation responding to the state's new data center accountability framework, local moratoria and the end of an electricity consumption tax, which could change review thresholds, impose new energy rules and slow the approval process, say attorneys at Holland & Knight.

• Battles Over Murky Mineral Rights Stymie Pa. Energy Projects

  

  Legal wrangling over a recently passed Pennsylvania law could affect billions of dollars of mineral royalty payments, the status of subsurface property rights in the state and the ability of the Legislature to pass retroactive legislation that affects those rights, say attorneys at Flaster Greenberg.

• How Evergreen Language Can Sink Landlord Credit Support

  

  A recent pattern in court decisions interpreting letters of credit underscores the importance of using precise language when seeking evergreen protection, so landlords should seek explicit successive-renewal terms, verify issuer forms and calendar deadlines in order to preserve credit support, say attorneys at O'Melveny.

• Illinois Banking Brief: All The Notable Legal Updates In Q3

  

  Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful Seventh Circuit decisions, and a high-profile constitutional challenge to the state's new digital asset tax, say attorneys at Barnes & Thornburg.

• Foreclosure May Not Be The Fix For Distressed Office Loans

  

  Recently declining office values show that distressed borrowers and lenders should consider negotiated workouts, tax planning and value-preserving leasing strategies as refinancing gaps and special-servicing constraints make foreclosure an increasingly costly last resort, says Howard Koh at Meister Seelig.

• AG Watch: How Maryland Is Meeting The Data Center Age

  

  At a time when states are competing for data center investment, Maryland Attorney General Anthony Brown's upcoming people's counsel appointment may shape the state's most consequential debates over electric rate increases, grid investment and the costs of the ongoing energy transition for years to come, says Erek Barron at Mintz.

• FinCEN Exemption Raises Statutory, Administrative Questions

  

  The Financial Crimes Enforcement Network's recently rolled-out broad exemption for U.S. companies from Corporate Transparency Act reporting may face administrative law and statutory challenges, so businesses should still preserve ownership records and monitor litigation and congressional action, says David McCarville at Fennemore.

• PFAS Risks Require Due Diligence Beyond Compliance

  

  While traditional environmental due diligence questions remain important, concern over perfluoroalkyl and polyfluoroalkyl substances has highlighted the growing problem of environmental conditions that create material business risk, even though no regulatory violation, enforcement action or lawsuit exists, say attorneys at Greenberg Traurig.

• How Data Center Projects Can Navigate Wyo. Siting Process

  

  As opposition to data center development grows nationwide, the way that Wyoming is handling the issue through its industrial siting process offers a counterintuitive lesson: More process, not less, can provide both meaningful scrutiny and a clear path forward for projects, says Jeffrey Pope at Holland & Hart.

• How Real Estate Funds Can Use Umbrella Partnership REITs

  

  Recent transactions demonstrate how the conversion from a Delaware statutory trust to an umbrella partnership real estate investment trust may benefit real estate funds, and why attorneys should treat the structuring of this conversion as a coordinated diligence and drafting exercise, say attorneys at Kelley Drye.