Developers

Revamped Arkansas Construction Laws Boost Clarity and Confidence for Developers and Lenders

by

LITTLE ROCK, Ark. — The 95th General Assembly of the Arkansas State Legislature wrapped up its session in May, resulting in the passage of 1,026 new laws. This legislative session proved to be busier than the previous one, presenting a substantial amount of new regulations and changes for various sectors, especially real estate development and construction. In particular, Act 479, which took effect on August 5, introduces significant modifications to the process of establishing priority for mechanic and materialman liens, referred to as construction liens. This amendment is especially pertinent for stakeholders within the construction … Read more

Developers Press On with Motel Project Amid Legal Battle Over Property Ownership

by

Salt Lake City, Utah — Despite being embroiled in a legal dispute with the property owner, developers are forging ahead with plans to transform a rundown motel into a vibrant residential and commercial hub. The project, situated in the heart of Salt Lake City, signifies a significant redevelopment venture aiming to revitalize a neglected area while boosting local business and residential opportunities. Developer John Hennessy of Hennessy Group, along with his team, envisions the site as a future hotspot for locals and tourists alike, featuring modern amenities and enhanced lodging facilities. The existing structure, a … Read more

Community Group Modifies Lawsuit in Marinwood Affordable Housing Dispute, Drops Developers Amid Legal Risk Concerns

by

Marinwood, CA — A local community group has withdrawn its complaint against developers of an affordable housing project at Marinwood Plaza, shifting the focus of their legal challenge solely toward Marin County. The Marinwood Coalition Against Segregation initially included both the county and the developers, Marinwood Propco Limited Partnership and Lee Hoyt, in their lawsuit. The decision to dismiss the developers as defendants underscores the complexities and uncertainties surrounding litigation under new state housing laws. The project planned for Marinwood Plaza intends to construct 125 affordable apartments across four three-story buildings, a development that received … Read more

Major Class Action Status Granted in Game Developers’ Antitrust Lawsuit Against Valve

by

In a significant legal development, a federal judge has recently elevated a lawsuit against game distributor Valve Corporation to class action status, permitting a myriad of game developers to challenge the company’s market practices. The initial suit was lodged by Wolfire Games in April 2021, alleging that Valve’s 30% sales commission on its Steam platform was unjustifiably high, stifling competition, and exploiting both publishers and consumers. The class action status was awarded by U.S. District Judge Jamal N. Whitehead, signifying that any game developer who has paid the commission to Valve since January 28, 2017, … Read more