The Biden administration will use infrastructure funds to upgrade 85 airports across the U.S., The Affordable New York tax provision expires, homebuyers in China refuse to pay mortgages, and more.
The Real Estate Implications of Formula One Racing
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Formula One’s (F1) popularity has surged in recent years. On track, the 2021 season has been the most exciting in recent memory given Red Bull’s successful campaign against the reigning seven-time champions Mercedes. Off track, Netflix has popularized the sport by releasing four seasons of Drive to Survive, an episodic documentary that dives deep into how Formula One teams operate. Looking forward, the 2022 season won’t likely disappoint. New car and engine designs were introduced and races like the Singapore Grand Prix are back on the calendar. As the sport grows, more cities may consider hosting races to boost their global profiles. Here, we breakdown how real estate-related issues may affect such a decision.
Supreme Court Issues Opinion in West Virginia v. EPA
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The Supreme Court rejected EPA’s Obama-era Clean Power Plan in a decision that has significant implications both for future attempts by EPA to regulate CO2 emissions and for other agencies attempting to promulgate rules that implicate “major questions.” In “Supreme Court Issues Opinion in West Virginia v. EPA” Anne Idsal Austin, Shelby L. Dyl, Sheila McCafferty Harvey discuss the impact the decision will have on environmental policy.
Real Estate & Construction News Round-Up (07/06/22)
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The first real estate NFT minting, marketplace, and lending platform launches, New York office owners struggle under rising interest rates, an interactive Fortune map shows shifting U.S. housing inventory levels, and more.
Real Estate & Construction News Round-Up (06/29/22)
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Housing market activity is on the downtick, the Partnership for Global Infrastructure and Investment launches, the SEC proposes a climate rule that signals a new era for real estate, and more.
Real Estate & Construction News Round-Up (06/22/22)
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Rising inflation rates impact the Bipartisan Infrastructure Law, the new “Bring Chicago Home” proposal could triple the transfer tax rate on city properties, a downtrend in homebuying emerges, and more.
A Potential Crypto Mining Moratorium in New York
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In “New York Legislature Passes Moratorium on Crypto Mining Operations” on our Internet & Social Media Law blog, Brian H. Montgomery discusses recently passed cryptocurrency mining legislation and its potential signing by Gov. Kathy Hochul.
Real Estate & Construction News Round-Up (06/15/22)
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The U.S. Department of Energy (DOE) turns its focus to clean hydrogen hubs, key real estate players announce a new round of layoffs, Local Law 97 faces pushback in New York, and more.
The G2G Mid-Year Roundup (2022)
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Our mid-year roundup highlights the top-read Gravel2Gavel posts from 2022 so far. Our authors provided deep industry insights and summarized hot topics that addressed various legal implications and disruptions that affected the market, ranging from topics like investing in real estate metaverse to the clean hydrogen transition.
Kim Jaimez: Commercial Real Estate Taking Notice of ESG Enforcement
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Pillsbury Litigation partner and former federal prosecutor Kimberly Jaimez was featured in the GlobeSt.com article, SEC Ready To Clamp Down On ESG Investment Claims, offering insight on the increased awareness of environmental, social and governance (ESG) concerns in commercial real estate. With ESG now being viewed by most CRE investors as a top priority in business operations, a new source of risk has resulted: increased SEC scrutiny over overinflated or otherwise false ESG claims. This could mean CRE investment funds, REITs, and other real estate entities will have to increase compliance vetting on marketing and communications. Jaimez presented the following comments: