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The Inflation Reduction Act (the “IRA”), signed into law on August 16, 2022, appropriates nearly $27 billion to provide financial assistance to certain entities in their efforts to reduce greenhouse gases. This “Greenhouse Gas Reduction Fund” (the “Fund”) is available to a wide range of recipients...

On October 17, 2022, the New Jersey Department of Environmental Protection (NJDEP) published interim soil remediation standards (Interim SRS) in the NJ Register (54 N.J.R. 1980(a)) for four per- and polyfluoroalkyl substances (PFAS) compounds: perfluorononanoic acid (PFNA); perfluorooctanoic acid...

Saul Ewing Partners Andy Bockis, Justin Danilewitz and Sean O'Neill will speak at the 2022 Oil & Gas Law Conference on October 26, 2022. Their topic will be "Will the SEC's Proposed Climate Reporting Rules Survive a Major Questions Challenge."

Commercial Real Estate Sellers Are Feeling the Pressure of Rising Interest Rates Some deals are falling through because the cost of borrowing is making some projects economically unfeasible. As interest rates continue to skyrocket, that’s putting pressure on sellers of commercial real estate...

NAVIGATING VOLUNTARY DISCLOSURES UNDER NEW EPA/OIG GUIDANCE TO MITIGATE VIOLATIONS AND PENALTIES Pamela Goodwin, Co-Chair of the firm's Environmental Practice, will speak on a Strafford webinar advising environmental counsel on current EPA policies regarding voluntary self-disclosures. The panel...

Groups seek to halt Nice Bridge demolition, preserve bike/pedestrian path “Defendants never built the bridge they approved or reviewed in 2012; they built something else,” wrote the lawyers for the plaintiffs, Thomas K. Prevas and Anamika R. Moore of Saul Ewing LLP. “The new bridge provides no safe...

Developers Secure $83 Million Construction Loan For 25-Story Mixed-Use Project In Downtown Hollywood Attorneys Luis Flores and Michael Denberg of Saul Ewing represented the developer in closing the transaction. “We are proud to be part of a development team that is focused on bringing new life to...

BTI and Bridge Investment Nab $83M For Downtown Hollywood Rental BY JULIA ECHIKSON BTI Partners and Bridge Investment Group secured $83 million for a rental project on the site of the former Bread Building in Downtown Hollywood, Fla. — part of a $500 million mixed-use development — the developers...

On July 27, 2022, Florida Governor Ron DeSantis announced legislative proposals and initiatives that would prevent State Board of Administration (SBA) fund managers from considering environmental social and governance (ESG) factors when investing the state’s money. Instead, the proposed legislation...

Developers are turning decades-old flea markets into big projects across the tri-county area. By Erik Bojnansky – Reporter, South Florida Business Journal

Building Boom in Miami’s Brickell Bucks National Bust BY MIKE SEEMUTH Edgardo Defortuna has millions of reasons to believe in Brickell, a bustling urban area just south of Downtown Miami. His company acquired 81 Brickell-area condominiums in a bulk purchase from Swire Properties in May, and by late...