Sony, Warner Music sue Anthropic over songs used in AI training

Younger people faced with historically high housing prices and ongoing cost of living pressures may be hoping an inheritance will help them out. Nearly one in four (23%) Gen Z (born between 1997 and 2012) say they are not prioritising retirement saving because they expect to inherit money or property. This view is also common…

Mortgage rates for 30-year fixed-rate loans crossed a crucial threshold this week that few — if any — industry watchers expected they would cross in 2026. That threshold, in a phrase, is “higher than a year ago.” Freddie Mac reported Thursday that mortgage rates for typical 30-year home loans averaged 6.69% over the weekly period…

Actor Orlando Bloom‘s former Beverly Hills mansion is being offered up as a luxury rental, with a hefty asking price of $31,000 a month—with many of the Hollywood star‘s custom upgrades still found throughout the elegant and modern dwelling. Bloom, 49, snapped up the four-bedroom, four-bathroom property in 2017 for $7 million, then made his…

As Boston building owners look to electrify their properties to comply with the state and city’s 2050 net-zero mandates, electrification is becoming a bigger roadblock than some anticipated. Massachusetts has some of the most ambitious sustainability goals in the country, and owners are racing to electrify buildings or buy credits to avoid penalties and fees. This…

Camber Property Group has onboarded a new general counsel for its affordable housing and community development transactions, Commercial Observer has learned. James Allen has decamped from real estate law firm Hirschen Singer & Epstein and started the new role this week assisting Camber with affordable housing projects in New York state and the New York…

The issuance of U.S. private-label commercial mortgage-backed securities (CMBS) reached $76.2 billion in the first seven months of the year, with single-asset, single-borrower (SASB) deals accounting for more than 75% of total issuance, according to a report from Trepp. Office sector borrowing accounted for $17.3 billion, or 22.7% of total issuance, the largest of any…