NY's Housing Incentives, Protections Draw Mixed Reviews
The housing provisions in New York's recently approved $237 billion budget, which includes new tax incentives for developers and increased legal safeguards for tenants facing evictions, received varied reactions from attorneys, housing organizations and lobbyists as they digest all the details.
Croke Fairchild Leader Eyes Data Center Power Question
As demand for data centers continues to skyrocket, site selection for new facilities is increasingly focusing on access to power to actually keep the centers running, Croke Fairchild's real estate leader told Law360.
HUD Finalizes Rule Raising Building Standards In Flood Zones
The U.S. Department of Housing and Urban Development published a rule on Tuesday setting stricter flood-protection standards for homes built or fixed with funds from the agency in an effort to manage storm risk and rising insurance costs.
Commercial More
The U.S. Department of the Treasury released final rules Thursday to facilitate the sale or transfer of clean energy tax credits by project owners under a new way to monetize the incentives created by the Infl... (more story)
Timeshares in Maui County, Hawaii, were properly taxed using a timeshare property classification because the classification is both constitutional and in line with the county's code, the state Supreme Court affirmed.
Acore Capital LP overshot its fundraising goal for a commercial real estate credit fund and closed with $1.4 billion worth of equity commitments raised, the commercial real estate debt manager announced.
Vantage Data Centers has announced it secured a $3 billion green loan from a bank syndicate led by Wells Fargo Securities to fund the development of sustainable data centers in North America.
BakerHostetler has signed a five-year lease renewal for office space on the entire 31st floor of San Francisco's Transamerica Pyramid, located at 600 Montgomery Street, the firm announced Wednesday.
The president of KKR & Co.'s financing-focused real estate investment trust said Wednesday that the company will likely face $140 million in losses in the second quarter due to distress in parts of its office loan portfolio.
Residents of a New Jersey neighborhood are hopping mad about plans to put a cannabis growing facility a stone's throw from their residential street, telling a state court that the local township didn't properl... (more story)
Residential More
A proposed class of tenants accused a Seattle property management company and a Washington debt collection agency in state court of using lease cancellation practices that violate state law.
A Massachusetts golf course manager was sentenced to 13 months in prison after pleading guilty to tax charges, following prosecutors' accusations that he manipulated contracts with a home developer to deflate their value.
Thirteen New York property owners urged the U.S. Supreme Court to review their challenge to two 2019 changes to New York rental laws, arguing that the suit is the better-tailored vehicle Justice Clarence Thoma... (more story)
A New Jersey federal court paused its order allowing the U.S. government to sell a family trust's office park to satisfy a trustee's $16.2 million tax debt Wednesday, giving the family time to appeal a decisio... (more story)
Greater New York Mutual Insurance Co. has moved to federal court an Ohio non-profit condominium community's state court lawsuit accusing it of lowballing the group's wind and hail damage costs and then refusin... (more story)
First American Title Insurance Co. has sued a Connecticut attorney in state court for allegedly mishandling a $340,000 Bridgeport residential property sale, claiming the lawyer, who represented the seller, fai... (more story)
Equity Residential executives during an earnings call Wednesday said the landlord is still weighing the implications of a California federal judge's decision in early April voiding its fees for late rent after... (more story)