AI Bolstered Proptech Development, Growth In 2025
Amid the ongoing frenzy over artificial intelligence, the property technology sector showed signs of maturing in 2025 along with an upswing in investments.
A Blockbuster Year For Data Centers
Booming demand drove an explosive year for growth in the data center sector in 2025, with deals getting larger, more multifaceted and more complex for legal teams to pull off.
Attorneys Break Down COPA Bill Poised To Pass In NYC
As a bill to give nonprofits the opportunity to buy some residential buildings is gaining momentum toward possible passage in the New York City Council this month, real estate attorneys are analyzing the policy's potentially far-reaching impact.
Commercial More
Alphabet Inc. has agreed to pay $4.75 billion to buy Intersect Power, a data center infrastructure developer the Google owner has partnered with for about a year, in a deal advised by Cleary Gottlieb Steen & H... (more story)
A 30-story, office-to-residential conversion project in Lower Manhattan's Financial District, the largest of its kind, has secured an $867 million financing package from an array of lenders, borrower-side brok... (more story)
The New York State Gaming Commission granted three casino licenses to New York City for projects proposed in Queens and the Bronx, finalizing a tiered license system tied to the size of applicants' investments.
A New York physicist who over a decade ago allegedly defrauded the Empire State's "Buffalo Billion" development initiative while serving as president of SUNY Polytechnic Institute copped to a conspiracy count ... (more story)
Publisher Scholastic Corp. announced it has completed sale-leasebacks for its New York City headquarters as well as its largest distribution facility, noting the two deals generated $481 million in total proceeds.
The escrow agent holding $1.6 million related to the developer of the former Hudson Hotel near Manhattan's Columbus Circle has sued the debtor in Delaware bankruptcy court in an effort to resolve conflicting i... (more story)
A D.C. federal judge gave President Donald Trump the green light to continue his East Wing ballroom plans, finding that the National Trust For Historic Preservation had not shown a "clear and present" reason t... (more story)
Residential More
A Brooklyn federal judge on Monday declared a mistrial in a case alleging a former top aide to two New York governors did the bidding of the People's Republic of China at the highest levels of state government... (more story)
A California federal judge has transferred an artificial intelligence-driven insurance compliance company's antitrust suit against a property management software company to a different California federal court.
When the National Association of Realtors unveiled nationwide buyer commission rule changes amid a $418 million antitrust settlement in 2024, multiple listing services and their counsel took on the heavy lift ... (more story)
Tarter Krinsky & Drogin has hired a former Abrams Fensterman LLP partner who helped lead that firm's practice focused on cooperative and condominium work, as chair of its own cooperatives and condominiums prac... (more story)
After 17 years of litigation, a certified class of homeowners got the final stamp of approval in California federal court for a $29.5 million settlement with PHH Mortgage and its captive reinsurer, both of whi... (more story)
A property transfer tax that adds 4% to 5.5% to the cost of Los Angeles real estate deals of more than $5 million is legal under the U.S. and California constitutions, a state appeals panel ruled, upholding a trial court.
An insurer said it owes no coverage to a condo complex in 23 suits brought by unit owners who say they were forced to evacuate because the complex failed to maintain safe structural conditions, telling a Flori... (more story)