As one of the strongest segments in the technology sector, proptech has grown exponentially while transforming real estate at all levels.
Technology innovations address an increasing array of real estate-related needs. Technology in buildings is helping drive better design and construction, transactions processes, and building management. Artificial intelligence is being used to enhance the experience of owners, operators, and users of all types of real estate, whether office, manufacturing, hotels, logistics, retail, multifamily, or agricultural. From improvements in managing the health, safety, sustainability, and efficiency of buildings to designing fully integrated robotic operations to enhancing the retailer and customer experience in brick and mortar shops, the possibilities are endless.
Our real estate and technology lawyers collaborate to address these innovations and help bring sophisticated technology solutions to many real estate sectors. As warehouses, fulfillment centers, and other commercial properties become ever smarter and more automated, our lawyers work on the contracts governing the data captured by these facilities. The contracts are needed to address issues concerning data privacy and ownership, procurement, and licensing for the sophisticated systems that are key in making these facilities operate efficiently. In addition, proptech growth fuels an increasing demand for the acquisition and development of data centers.
Our lawyers provide real estate and technology clients with comprehensive counsel to help them meet their goals. The team helps proptech companies with IT infrastructure and advises clients on various intellectual property needs. Our firm can help them with the many aspects of data ownership, including personal data protection and compliance. Additionally, we guide clients on shared ownership of core data, personal data sharing arrangements, joint venture agreements with multi-industry stakeholders, and transaction management.
We help clients with:
Contracts
Procurement
Litigation
Regulatory compliance
Guidance related to acceleration, incubation, and startups
On 30 January 2024, the US Citizenship and Immigration Services (USCIS) published a final rule (Final Rule) increasing the premium processing fee from US$2,500 to US$2,805, increasing filing fees for I-129 and I-140 employment-based petitions, and imposing a new Asylum Program Fee for each Form I-129 and I-140 filed by employers.
On 3 April 2024, the US Securities and Exchange Commission announced the first settlement with a stand-alone registered investment adviser for, among other things, failures to maintain and preserve certain electronic communications.
On 22 December 2020, the U.S. Securities and Exchange Commission (SEC) adopted amendments (the final rule) to Rule 206(4)-1 under the Investment Advisers Act of 1940 (the Advisers Act) to modernize the regulation of investment adviser advertising and solicitation practices.
On 7 March 2024, the Illinois Pollution Control Board proposed amendments to its Ground Water Quality regulations, which would set standards for selected per- and polyfluoroalkyl substances compounds at or near their levels of detection and would result in some of the most stringent standards in the country.
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