Views of foxtail palm trees at the front of apartment buildings at Miami, Florida stock photo (iStock/Jason Finn)

What They're Saying About Fla.'s New Property Tax Break

Florida voters pushed a controversial property tax break just over the finish line on Election Day despite warnings from local governments and police and firefighter associations that the proposal would eliminate billions of dollars used to fund public safety and other core services. Now comes the waiting period to see how local governments respond when they put their budgets together next year.

Yard sign that says Vote Yes to Ban Data Centers

Ohio Voters Lead Data Center Pushback In Ballot Questions

Voters on ballot questions across the country Tuesday broadly opposed building new data center projects, with Ohio voters enacting roadblocks to projects pitched by Amazon, Meta and others, in an electoral test for the buildout of artificial intelligence infrastructure.

Looking-up view of office tower with an East 42nd Street sign in the foreground

Interest Rate Uptick Adds New Wrinkle To Office Conversions

Three months after a structural failure at a prominent office-to-residential conversion in New York City prompted a sweep of inspections, investors are pursuing such projects as actively as ever, though rising interest rates pose a fresh challenge, according to a real estate leader at Polsinelli PC.

Expert Analysis

How Power Grid Delays Are Reshaping Data Center Deals

Kathryn Furman, Steven Zavodnick and Jeffrey Brum

Texas' pause on permits while it studies data centers' effect on its electrical grid highlights the nationwide problem of years...(read more)

How NYC Consumer Bill Could Expand Private Claims

Brian Turetsky

New York City's proposed Power Act could expose companies to sweeping private claims under its prohibition on unfair, deceptive...(read more)

6 Ways RE Projects Can Balance Campus, Commercial Needs

Bob Burton

Recent mixed-use campus developments show that housing, research, hospitality, retail and recreation can share infrastructure a...(read more)

Commercial More

Calif. Voters Reject Prop. 45 Fast-Tracking CEQA Reviews

Golden State voters have rejected the California Chamber of Commerce-backed Proposition 45, which would have limited reviews under the California Environmental Quality Act and allowed developers to fast-track most housing,...(read more)

South Florida's Office Market Stays Hot Even As Rivals Gain

South Florida's office sector continues to exhibit strong momentum, even as other top U.S. markets — including some whose recent struggles helped fuel the region's growth — have posted robust numbers.

cropped shot of a man leaning on his walking stick
Healthcare REITs Funnel Billions Into Senior Housing In Q3

The two biggest healthcare real estate investment trusts in the U.S., Welltower Inc. and Ventas Inc., have invested a combined $26 billion this year in buying senior housing for their respective portfolios, as new construc...(read more)

Permitting Bill Passes First Procedural Senate Vote

An overhaul of the federal permitting process aimed at reducing red tape in infrastructure and energy projects cleared its first procedural vote in the U.S. Senate by a margin of 73 to 25 on Monday.

Justices Signal Support For Feds In Pipeline Payout Fight

U.S. Supreme Court justices Monday appeared inclined to conclude that federal law, and not state law, determines what gas infrastructure project developers should pay landowners in eminent domain proceedings.

Spear Street Makes $115M Chicago Office Tower Sale

Spear Street Capital sold a 31-story Chicago riverfront office tower for $115 million to Hines and Prime Finance, according to real estate services firm Cushman & Wakefield, which guided the sale and is the tower's anchor ...(read more)

OpenAI, Local Officials Hid $20B Data Center Push, Suit Says

OpenAI and the local government used secret meetings and nondisclosure pacts to keep plans for a massive South Georgia data center under wraps, a trio of Peach State residents said in a new lawsuit.

Residential More

Seattle Area Residents Aim To Relaunch Airport Pollution Suit

Washington residents are seeking a federal judge's permission to revamp their proposed class action over alleged flight path pollution near the Seattle-Tacoma International Airport, with the goal of bringing federal claims...(read more)

CFPB Sends Mortgage Servicing Updates To White House

The Consumer Financial Protection Bureau has submitted to the White House a final rule updating its mortgage servicing rules following a proposal under the previous administration that stemmed from lessons learned in the C...(read more)

Man with dark hair and beard wearing a suit and red tie stands behind a lectern with a gold seal
Mamdani Administration Seeking 'Fast Affordable Housing'

New York Mayor Zohran Mamdani, in contrast to his predecessor, has been aggressive in pushing for more affordable housing, and that vision, coupled with New York's new landmark City of Yes rezoning, is spurring a flurry of...(read more)

Bascom Group Completes $63M Multifamily Refi In Denver

Real estate private equity firm Bascom Group said it has completed a $62.5 million refinancing of a 275-unit multifamily property in Denver.

Supreme Court Lets DHS Resume Big Bend Wall Project

The U.S. Supreme Court on Monday ruled the U.S. Department of Homeland Security can restart construction of a border wall that runs through Big Bend National Park in Texas, finding a lower court judge who halted the projec...(read more)

Landowners Ask Justices To Weigh High-Voltage Line Surveys

A group of Maryland landowners asked the Supreme Court to review a Fourth Circuit decision allowing Public Service Energy Group access to survey the route of a proposed 67-mile high-voltage transmission line, based on a tr...(read more)

NYC Real Estate Week In Review

Fried Frank and Wachtel Missry are among the law firms that scored work on the largest real estate deals that hit New York City public records last week, a period that saw three nine-figure trades become public.