Taylor Morrison Home Corporation (TMHC) and Berkshire Hathaway (BRK.B) Inc. (BRK.A) jointly announced that they have reached a definitive agreement for Berkshire Hathaway to acquire Taylor Morrison for $72.50 per common share in cash, representing a total equity value for Taylor Morrison of approximately $6.8B and total enterprise value of approximately $8.5B. The acquisition price represents a 24% premium to Taylor Morrison’s latest closing price of $58.50 on May 29, 2026. The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including approval by Taylor Morrison stockholders and receipt of required regulatory approvals. Upon completion of the transaction, Taylor Morrison Home Corporation will become a private company and its common stock will no longer be listed and traded on the NYSE. “Berkshire is acquiring a best-in-class national homebuilder, led by an exceptional team and backed by a trusted reputation for customer experience,” said Greg Abel, Berkshire Hathaway’s Chief Executive Officer. “We are excited to welcome Taylor Morrison into Berkshire’s portfolio, reflecting our long-standing commitment to housing, exemplified by Clayton Homes and our other building products businesses. Over time, we expect to unify our site-built homebuilding operations into a combined platform enabling us to deliver the dream of homeownership to more Americans.”
Sunday, May 31, 2026
Friday, May 29, 2026
Florida “Save Our Homes” Property Tax Elimination Proposal
Governor Ron DeSantis announced he is calling for a special session of the Florida Legislature during the week of June 1 to consider a constitutional amendment aimed at delivering broad property tax relief for Florida homeowners. The proposal, titled “Save Our Homes from Excessive Property Taxes,” provides for the immediate increase in the homestead exemption and calls for a schedule for full elimination through general law.
“Today in Tampa, I outlined the Save Our Homes from Excessive Property Taxes plan that will eliminate taxes on homesteads,” said Governor Ron DeSantis. “Property tax revenue collected by local governments has nearly doubled in the past seven years and is expected to reach an astounding $83 billion by 2032. Florida homeowners need relief. Now is the time to stand up for taxpayers, enact a historic reform, and save the home of every Floridian.”
Property tax revenue collected by local governments has nearly doubled in the past seven years (from $32 billion to $60 billion) and is expected to reach an astounding $83 billion by 2032.
As proposed by Governor DeSantis, the Save Our Homes proposal includes five major components to provide immediate and permanent relief:
- Exempt Homestead Properties From Taxation.
Exempts the first $250,000 of a homestead’s value from taxation and requiring, through law, a schedule for full elimination. - Ensure Funding For Core Services.
Requires local governments to use remaining property taxes solely for core public needs including public safety, education and schools, infrastructure, and natural resources. - Protect Small Businesses.
Limits future property tax assessments on businesses and creates a more stable tax environment for local businesses. - Ensure Fairness For Florida Residents.
Requires any person who establishes Florida residency after January 1, 2027, to maintain Florida residency for up to five years prior to receiving the increased homestead exemption. - Create A State Trust Fund To Assist With Core Local Services.
Establishes a trust fund to provide grants to local governments to assist with the continuation of core local services.
The Governor’s proposal will be considered during the upcoming special session, with the goal of placing the constitutional amendment on the ballot for Florida voters this fall.
You can view the proclamation outlining the special session call here.
Thursday, May 28, 2026
Mamdani plan to ‘transfer’ building ownership to tenants uses existing NYC programs that repeatedly failed
Mayor Zohran Mamdani’s newly unveiled push to strip properties from bad landlords and bestow them onto “responsible” owners has been happening for years in New York City — and has repeatedly proven to be a failure, The Post has learned.
The socialist mayor, as he announced his sprawling housing plan Wednesday, vowed to use city resources to help “remove negligent owners” and transfer buildings that have “suffered chronic neglect” into the hands of “responsible stewards.”
But the administration’s initiative, dubbed “Fix the City,” aims to make use of already existing bureaucratic and agency programs that date back to at least the 1970s — and have repeatedly needed the government to swoop in with bailouts, a Post review found.
“The city has long tried to help tenants become owners of buildings, but tenants aren’t necessarily equipped to run the building,” one former insider at the city Department of Housing Preservation and Development said.
“You need someone to be a good bookkeeper and to collect rent from the neighbors,” the source said, adding, “It’s really hard to do and hard to do well.”
Mamdani’s main mechanism, which he touted to hold landlords accountable, would be for the city to drag alleged bad actors to court in an attempt to implement a little-known program, named 7A, in which a housing court judge would appoint a non-profit to take over the management of a building.
Another pillar of the mayor’s plan calls for City Hall to ramp up the number of buildings that are collectively owned and operated by the people who live there — framing it as a revolutionary path to increasing homeownership in a city where roughly 70% of residents are renters.
Under the Housing Development Fund Corporation program, the cooperatives are run by the “shareholders” and subject to strict regulations, such as limits on income for residents and subletting and resale rates.
There are roughly 1,100 such affordable co-ops currently across the Big Apple — though an investigation by state Attorney General Letitia James announced last year found that nearly all of them were considered “high risk” and needed help.
The AG’s office, along with then-Mayor Eric Adams, rolled out a $750,000 bailout for the buildings, which were found to have fallen behind on rental collection, stopped making tax payments, run up high levels of debt or racked up a staggering number of code violations.
The buildings, which are granted a slew of tax breaks and financial help from the city, are overseen by the HPD agency, but each has a board of directors that is “legally” required to act in the co-op’s best interest.
Mamdani also pushed for the passing of the controversial Community Opportunity to Purchase Act (COPA), giving non-profits the first shot at buying distressed buildings. The legislation was approved by the City Council last year but vetoed by Adams.
Housing non-profits, however, are already at a “breaking point,” according to a recent alarming report that called for a massive government bailout of the industry.
The February report from the Association of Neighborhood Housing and Development found that 290,000 of the city’s already-existing subsidized, non-profit-run buildings were financially underwater.
“Rising cost, stagnant revenues and unpredictable federal support have created conditions where even mission-driven nonprofits — those that rebuilt neighborhoods when the private market walked away — can no longer sustain their portfolios without intervention,” the report warned, calling for a bailout and reforms.
City Hall described the buildings that would be subject to the effort as “chronically negligent,” but couldn’t define that term when pressed by The Post.
Kenny Burgos, CEO of the New York Apartment Association, panned the mayor as merely disguising a push for government subsidy hikes as a housing plan — with “flailing solutions that don’t meet the moment.”
“We can’t afford it today and we won’t be able to afford that tomorrow,” he said.
“Nonprofits and affordable co-ops are screaming from their crumbling rooftops that the rents don’t cover costs,” Burgos said. “The city should crack down on bad actors but changing ownership simply moves the financial burden to taxpayers, permanently.”
Humberto Lopes, a 61-year-old building owner who recently formed the Gotham Housing Alliance to represent the interests of small and large building owners, railed that the mayor should focus on the city’s beleaguered public housing system instead.
“Why don’t you start with them first,” he said of NYCHA, railing, “When did this become a communist country where a dictator could come in and take my building and give it to the f–ing peasant?”
The AG’s office did not say how the funds announced in September 2025 for the cooperatives were doled out, referring The Post to HPD, which did not respond to questions.
Mamdani also announced he plans to use a public-private trust for NYCHA – which he opposed as a state lawmaker – to help fix existing public housing buildings.
“When necessary, we will take aggressive legal action to remove negligent owners and property managers,” he crowed at Wednesday’s news conference.
“And for buildings that have suffered chronic neglect, we will work to transfer ownership to responsible stewards. Stewards that include community land trusts, nonprofits or even the tenants themselves,” he said — to roaring cheers from pro-tenant advocates in attendance.
Tuesday, May 26, 2026
Homeowners Face Eminent Domain Bulldozers As Data Centers Demand Ever More Power
Georgia Power isn’t negotiating anymore. The Southern Company subsidiary is seizing dozens of homes and hundreds of easements across Coweta and Fayette counties to ram through a 35-mile, 500-kilovolt transmission line that will feed at least four massive AI data centers. Project Wansley is just the latest flashpoint in a backlash that has been building for months.
At least 20 to 30 homes face outright demolition. Another 300-plus properties will get permanent easements for towers planted in backyards and next to pools.
But residents like Ansley Brown are fighting back. Her mother bought their family home in 2003 through a USDA rural development loan for single mothers. Now the utility wants the property for the corridor. Brown’s viral TikTok exposing the lowball offers (she says $70,000 to $100,000 below market) has racked up millions of views and drawn state lawmakers into the fight.
Georgia Power says the line is essential.
The company is racing to add roughly 10 gigawatts of new generating capacity over the next five years, with executives openly stating that about 80% of that power will go to data centers. Meanwhile, transmission has become the bottleneck, and utilities are turning to eminent domain to clear the path.
This isn’t happening in isolation. We’ve been pounding the table on data center resistance, from Northern Virginia counties rejecting new substations to Texas communities suing over water drawdowns and power rate spikes. The pattern is the same: hyperscale demand collides with local infrastructure limits, and the costs get socialized while the profits stay private.
Electricity prices are already feeling the pressure. Utilities across the Southeast and Midwest have warned of double-digit residential rate hikes tied directly to data center load growth. Georgia Power’s own filings show residential customers absorbing a growing share of the bill for transmission and generation built primarily for big tech.
The same dynamic is playing out with Meta’s Georgia facilities, where local reporting has highlighted water quality complaints, including muddy runoff affecting nearby residents, alongside the power demands.
We’ve seen this movie before with pipelines and wind farms. The difference now is the sheer scale of the load and the speed at which it’s arriving. Data centers don’t just want power; they want it yesterday, and they’re willing to let utilities use the state’s hammer to get it. The pushback in Georgia is a warning shot as more communities draw the same line.
Monday, May 25, 2026
Sunday, May 24, 2026
Thursday, May 21, 2026
TD Bank Launches Agentic AI to Streamline Real Estate Secured Lending
Toronto-Dominion Bank is launching its first agentic artificial intelligence model to automate and streamline the application process for mortgages and home equity lines of credit.
The use of the autonomous AI model is a first step by the Canadian bank to leverage agentic AI to begin what it describes as an end-to-end transformation of its real estate secured lending operations.
Canada's biggest lenders are adopting AI in an effort to accelerate growth. TD, Canada's second largest bank by market value, has been working to cut costs from its operations and automate processes, and has embarked on efforts to deploy technology such as AI at scale.
TD said the agentic AI model it developed uses autonomous agents to create application summary memos by classifying client documents, extracting key information, calculating client income and validating figures against select policy requirements. It can perform consent checks and search for any discrepancies before generating a summary for underwriters.
Early results indicate that agentic AI is reducing the process from an average of 15 hours to an average of less than three minutes, while also providing more accurate results, it said. It is part of a push by the bank that aims to combine advanced machine intelligence with human expertise to deliver faster, simpler and more personalized services and a goal of generating 1 billion Canadian dollars (US$728 million) in annual value from AI in the coming years.
TD said the integration of agentic AI will be overseen by its Trustworthy AI team, which evaluates AI models on markers including privacy, security, fairness and accountability before they come into contact with humans. The team will continue to monitor models after they are deployed, it said.
NYC tenant from hell sued for torturing neighbors in ritzy enclave, spewing vile abuse
So much for the sanctity of home.
The owners of an Upper East Side rental are suing a resident for upwards of $1.5 million in damages as they look to oust her for continued harassment and abuse of neighbors, passersby and staff.
East 77 Owners filed a complaint against tenant Layla Al-Marzooqi, an artist who lives in Apartment 1B at the five-story, 10-unit 436 E. 77th St. after she verbally accosted neighboring tenants in the hallways and on the sidewalk, screamed inside her apartment for consecutive hours, harassed the superintendent, and posted a threatening sign on her front door, according to court documents recently filed in New York State Supreme Court.
“She wasn’t always the nicest person to deal with but I could deal with her. It was fine,” building managing agent Matthew Goodman with Eric Goodman Realty told The Post.
But in April, “something flipped,” he said.
“It just kept escalating. We were hoping it was a random incident and it would stop. It has been absolute chaos,” he said.
Goodman said the property’s owners — a family — speak through him.
When Eric Goodman Realty began managing No. 436 and the two adjoining buildings, which have separate entrances but all share a laundry room, in 2022, Al-Marzooqi was already living in a studio apartment in one of them, No. 440, Goodman said.
He said he had no problem upgrading Al-Marzooqi — who didn’t respond to requests for comment — to a one-bedroom dwelling in November 2024 in No. 436, because while she was “a little difficult,” she was “never rude or threatening.” Her rent started at $3,000 per month.
But then on April 12, Al-Marzooqi, “directed a stream of obscenities at a neighboring tenant in the hallway,” the suit claims.
“She cursed me out in the hallway for no apparent reason other than my girlfriend’s dog was over and she hates dogs,” the neighbor told The Post.
“A few days later, she was screaming all day so [Goodman] said a checkup was warranted by the police. I called, and then after the police left, she posted on her Facebook and called out my apartment number and basically told me to die.
“From then on, I started noticing her all day screaming. And she had been screaming at people walking their dogs down the street, and just in general.”
The same month, a tenant reported to management that Al-Marzooqi’s four hours of screaming without pause made it so she was “unable to hear her own television, that she was unable to think and that she had become frightened,” court documents say.
And this was not an isolated incident.
In addition, in April, Al-Marzooqi allegedly affixed a placard to her door that reads, “DEATH To you beyond below around above this Apartment Space,” visible to everyone passing through the common hallway.
Also, as seen in the court documents, Al-Marzooqi has posted racist and homophobic comments which identify and tag the plaintiffs “by name and association” and accuse them of criminality on a public Facebook page.
She posted on Facebook art depicting a swastika with the Star of David, set against an American flag. Finally, Al-Marzooqi has scared off prospective tenants and existing tenants have asked to break their leases as a result of her conduct, the suit claims.
Tenants have reported fearing for their safety and have made many written complaints to management.
One tenant wrote, “As I was trying to leave the building the tenant was screaming at me, construction workers across the street, basically anyone that crossed her path,” per an email submitted in court documents.
The building terminated Al-Marzooqi’s lease, effective May 14 on the grounds that her “conduct constitutes a nuisance.”
Al-Marzooqi has not moved out, per Goodman.
The owners’ attorney said she intends to start a housing court proceeding on Thursday to get Al-Marzooqi out.
https://nypost.com/2026/05/21/real-estate/nyc-building-sues-tenant-allegedly-harassing-neighbors/