Okay, it’s official. Despite the urging — and now criticism — of Congressional leaders, CFIUS has decided that Fufeng USA’s purchase of more than 300 acres of land in Grand Forks, North Dakota, is not a covered transaction. Details, reactions, and a (rare) copy of the CFIUS correspondence is inside.
Hot TopicsReal Estate
CFIUS reps, warranties showing up in lease agreements; sample inside
Every once in a while, our editors stumble across an interesting CFIUS-related disclosure buried in an SEC filing. We like to highlight and reprint those terms so companies and advisors can compare their own approach. Inside, we provide CFIUS terms buried in a lease.
Encouraging sign? CFIUS clears Chinese wind farm deal
CFIUS recently cleared a greenfield wind farm in Texas, which is to be built by a subsidiary of a Shanghai-listed energy company. The deal would have been subject to the real estate provisions of FIRRMA, as it’s located near Laughlin Air Force Base. Details, insights, source materials, and contact information is inside.
Geographic tool unveiled for real estate provisions of CFIUS
This week, CFIUS unveiled a geographic reference tool to help determine a property’s proximity to military installations. Details, the tool, relevant contacts and more are inside.
SoftBank to seek CFIUS approval for WeWork bailout
According to a Bloomberg report, Japanese investment firm and conglomerate SoftBank will look to get CFIUS approval for its buyout of real estate company WeWork.
Are real estate transactions in CFIUS sights?
The U.S. Treasury Department may authorize CFIUS to review real estate transactions by foreign persons when properties are in close proximity to military installations or “sensitive” U.S. government property. Details inside.