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With Court’s Approval, Empire State Building REIT Conversion Takes Important Step Forward

Pending a final hearing on May 2, a New York County Supreme Court judge has given his preliminary approval for Malkin Holdings’ plan to convert ownership in the Empire State Building (and 18 other properties) into a publicly traded real estate investment trust.

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In Good News for NYC’s Green Building Industry, Malkin Settles Empire State Building REIT Conversion Lawsuit

News that Malkin Properties has settled the lawsuit challenging the conversion of its ownership interest in the Empire State Building into a publicly traded real estate investment trust is also a win for advanced building technologies and green building throughout New York City.

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In District of New Jersey, Hedge Fund Settles Suit in Connection With Purchase of Solar Renewable Energy Certificates

A federal lawsuit alleging over $700,000 in fraud arising out of the sale of New Jersey solar renewable energy certificates by a North Jersey solar power provider to a New York-based hedge fund has settled, but highlights the ongoing pricing turmoil in the renewable energy markets.

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In First Appellate Decision to Consider EPCA Preemption, Ninth Circuit Upholds Washington State Energy Efficiency Code

The Ninth Circuit Court of Appeals has upheld the Western District of Washington’s decision in BIAW et al. v. Washington State Building Code Council, allowing disputed amendments to the state’s energy efficiency code to take effect under the building code exception to federal preemption in EPCA.

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