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Considerations for severe weather and climate, in general, have real estate developers putting more focus on how they build and operate. But add to that rising insurance rates, which have dealt a big blow to budgets as premiums continue to climb, especially in some Sun Belt markets.
Breana Wheeler, U.S. director of operations at BREEAM, tells Commercial Leasing Law & Strategy's ALM sibling, GlobeSt.com that for the real estate industry, it is essential to consult climate data and consider climate change anticipated over the lifecycle of the building to tailor design and operations to the specific environmental challenges of a region.
"Considering these elements and incorporating climate analysis into the site selection process for new buildings can help owners and operators best mitigate the impacts of rising temperatures and create more comfortable, sustainable spaces for occupants," Wheeler said.
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In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Latham & Watkins helped the largest U.S. commercial real estate research company prevail in a breach-of-contract dispute in District of Columbia federal court.
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