Enacted earlier this year and scheduled to take effect September 1, SB 2337 would impose new disclosure obligations on proxy advisory firms issuing recommendations regarding Texas-based public companies, including a requirement that any recommendation based in whole or in part on environmental, social, or governance (ESG) or other “nonfinancial” considerations…
Construction “gigaprojects” are initiatives with expenses of well over $1 billion and which involve time periods of well over five years. They are engagements whose extraordinary size, duration and complexity might induce even the most seasoned of project professionals to rethink how they “do contracts.” The prospect of a gigaproject…
In its first nine months, the Trump administration has taken multiple actions impacting offshore wind development and generating substantial uncertainty as to the industry’s future in the United States. Those actions have placed future projects on the defensive across multiple fronts. In response, some states and project proponents have instituted…
In our latest roundup, AI cuts disaster infrastructure losses, multifamily drives increase in CRE delinquency rates, commercial services firms lead in office and industrial leasing activity, and more! AI applications such as predictive maintenance and digital twins could prevent 15% of projected natural disaster losses to power grids, water systems…
UPDATED August 2025: What a difference eight years make. This article was originally published in 2014 and was updated in 2017. We have again updated the links to the relevant agency resources. The question frequently arises for participants in a nationwide construction contracting industry. Simply stated, is a licensed contractor…
On June 20, 2025, Texas Governor Greg Abbott signed Texas Senate Bill 17 (SB 17) into law, reshaping the landscape for global investment in Texas real estate. When the new statute takes effect on September 1, 2025, it will impose expansive state-level restrictions on property ownership through sweeping prohibitions aimed…
In our latest roundup, more office space is being demolished/converted than built, Landingplace Hotels launches two conversation brands, developers cite expenses with low-income housing, and more! A new White House directive aims to accelerate federal permitting and unlock financial incentives for large-scale data center builds, along with related energy and…
Our latest roundup features adaptive reuse in the hospitality industry, falling home prices in major markets, loan maturity in real estate, and more! Builders are ramping up their own venture funding arms, and they’re looking for startups that are commercial-ready, rather than starting out. (Matthew Thibault, Construction Dive) Adaptive reuse…
On June 27, 2025, the Texas Supreme Court issued its long-awaited decision in Cactus Water Services, LLC v. COG Operating, LLC, No. 23-0676, resolving a high-stakes dispute over the ownership of produced water—a vexing byproduct of oil and gas production that is increasingly being viewed as a resource rather than…
Pillsbury’s experience with data centers dates to the dot-com era. Since then, we’ve counseled the industry as proprietary centers were supplemented, and in some cases supplanted, by physical and cloud-based systems of larger dedicated enterprises. The data center landscape is now international in scope and diverse in speciation, with edge,…