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 Shift In Ohio Foreclosure Appeals Alters Lenders' Risk

Terry Posey

In a series of recent decisions, the Ohio Supreme Court changed who bears the risk of an erroneous foreclosure judgment while a...(read more)

Preventing HOA Bias After Wash. Ruling Highlights Risk

Brett Sullivan

Because homeowners nationwide can now draw on precedent from a recent Washington state appellate decision holding that state an...(read more)

Tracking The 2027 Va. Bills That May Tighten Data Center Regs

David Schneider and Briana Becker

Data center developers and operators should monitor Virginia legislation responding to the state's new data center accountabili...(read more)

Commercial More

Data Centers, Office Carry CRE Brokers Despite Rate Rise

Commercial real estate brokerage executives said on recent earnings calls that they're weathering pressure from higher interest rates while capitalizing on data center growth and rebounding demand for office space.

Vedder Will Move NYC Staff To New Manhattan Office

Vedder's New York City staff will move to a new downtown Manhattan office sometime in 2027 after the law firm signed a 49,000-square-foot lease in a 2.6-million-square-foot office tower, according to landlord Rockefeller G...(read more)

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)

Rates Slow Q3 Office REIT Earnings Despite NY Demand

Office owners Vornado Realty Trust, BXP Inc. and SL Green Realty Corp. are each aiming to capitalize on fast-rising rents for the best space in Manhattan, even as higher interest rates have dragged third-quarter earnings d...(read more)

MVP: Kirkland's Kimberly McGrath

Kimberly McGrath of Kirkland & Ellis LLP is advising a consortium of investors acquiring Aligned Data Centers LLC in a $40 billion deal and is guiding CyrusOne LP on several multibillion-dollar data center transactions, ea...(read more)

MVP: Nossaman's Elizabeth Cousins

Elizabeth Cousins of Nossaman LLP led counsel for several local government agencies in California on massive water supply and transportation infrastructure projects, landing her a spot as one of the 2026 Law360 Constructio...(read more)

Data Center Cos. Vie For Support Amid Growing Pushback

Opposition to data centers prompted public digital infrastructure companies in the third quarter to do more pro-industry campaigning and focus on markets that are more amenable to new development, executives said in recent...(read more)

Residential More

NY Panel Tosses Challenge To Rollout Of NYC 2nd-Home Tax

A New York state appeals court threw out a challenge lodged by homeowners to the rollout of New York City's tax on high-value second homes, saying they lacked standing to bring the suit.

Insurers Must Face Roofer's Contract Claims, Split Panel Says

A split North Carolina state appeals court on Wednesday revived 41 lawsuits brought by a commercial roofing contractor accusing insurers of wrongfully refusing to pay out storm damage repair claims that homeowners assigned...(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)

DeSantis To Call Special Session For New Property Tax Breaks

Florida Gov. Ron DeSantis said Wednesday that he will call a special session for lawmakers to implement the homestead exemption hike approved by voters Tuesday, a measure expected to significantly reduce local property tax...(read more)

CBRE Report Finds Multifamily Rents Rise As Building Slows

CBRE in a third-quarter report said U.S. multifamily rents rose as apartment construction slowed down, a sign of tightening supply following a cycle of development.

Zillow Faces New Proposed Class Action Over Text Ads

Property listing giant Zillow Group Inc. was hit with another proposed class action accusing it of violating the Telephone Consumer Protection Act by sending consumers unwanted telemarketing texts.

Fla. Voters Approve Homestead Exemption Increase

Florida voters approved a constitutional amendment Tuesday that will hike the state's homestead exemption and is estimated to reduce property tax revenue by billions of dollars annually.