Residential

  • May 01, 2024

    Invitation Homes Sees Growth Ahead, Announces New JV

    Invitation Homes Inc.'s chief executive told investors Wednesday that the company's results for 2024's first quarter give good reasons to be optimistic about the U.S. single-family rentals market for the rest of the year, including a newly inked joint venture.

  • May 01, 2024

    Fried Frank, Levitt & Boccio Guide $97M Cornell Campus Refi

    Cornell University refinanced Hudson Cos.' $97.5 million mortgage tied to a 350-unit sustainable residential tower on the university's New York City technology campus, in a deal guided by Levitt & Boccio LLP and Fried Frank Harris Shriver & Jacobson LLP, per property records.

  • May 01, 2024

    MDC's Top Attorney Resigns After Sekisui House Merger

    Homebuilder MDC Holdings said its general counsel has announced his departure after Japanese firm Sekisui House Ltd. acquired the company in a nearly $5 billion transaction in January.

  • May 01, 2024

    What Attys Are Saying About The PFAS CERCLA Designation

    In the days since the Environmental Protection Agency classified two "forever chemicals" as hazardous, real estate and environmental attorneys have been analyzing how the move applies to their work.

  • May 01, 2024

    Real Estate Authority Is Moving To Thursday

    Beginning May 9, Law360 Real Estate Authority's two weekly newsletters — Commercial and Residential — will be distributed Thursday morning.

  • May 01, 2024

    Kennedy Wilson, Haseko Buy $90M Wash. Multifamily Builds

    Real estate investment company Kennedy Wilson and Japanese construction company Haseko Corp. partnered to purchase a pair of multifamily properties spanning 350 units in Vancouver, Washington, for $90 million, Kennedy Wilson announced.

  • May 01, 2024

    Swiss Firm Empira Eyes Long-Term Growth In US Housing

    The head of U.S. investments for Switzerland-based real estate investment firm Empira Group shared insights with Law360 Real Estate Authority on the opportunities the company saw in U.S. housing that have driven its recent arrival and growth on this side of the Atlantic.

  • April 30, 2024

    2nd Circ. Revives Commerzbank RMBS Suit Against US Bank

    The Second Circuit on Tuesday revived part of a nearly decade-old Commerzbank AG lawsuit brought against U.S. Bank NA over its role as a trustee on a slew of pre-2008 crisis RMBS trusts, sending some of the German bank's previously dismissed claims back to district court for a "closer inspection."

  • April 30, 2024

    Real Estate Leaders Ask Congress For Less Stick, More Carrot

    The federal government should incentivize home construction and office-to-residential conversions, avoid imposing more capital requirement rules on banks and refrain from treating commercial real estate monolithically, industry leaders testified to members of Congress on Tuesday.

  • April 30, 2024

    NY Agencies Hit With Rental Assistance Bias Class Action

    New York City Housing Authority tenants on Tuesday filed a proposed class action alleging their landlord and the administrator of COVID emergency rental assistance intentionally discriminated against low-income Black and Hispanic renters by sending them to the back of the rental assistance line.

  • April 30, 2024

    Conn. Mortgage Co. Settles Data Breach Claims

    A mortgage company settled a consolidated data breach class action that accused the company in Connecticut federal court of being liable for a November 2023 data breach that compromised its customers' personal information.

  • April 30, 2024

    Deal Frees Douglas Elliman From Mo. Broker Fee Class Action

    Douglas Elliman has agreed to pay up to $117.5 million to exit a class action in Missouri federal court accusing the broker of causing home sellers to pay inflated commissions under rules set by the National Association of Realtors.

  • April 30, 2024

    Mich. Judge Admits Error In Cutting Predatory Lending Claims

    A Michigan federal judge admitted she was wrong to toss fair housing claims alleging a group of real estate companies ran a bulk home buying program that preyed on Black buyers, reviving the claims and reversing a decision to cut a defendant from the case.

  • April 30, 2024

    NYC Judge Upholds Hotel Taxes On Apartment Subleases

    A company that leased residential apartments in New York City is liable for more than $200,000 in disputed hotel taxes on short-term subleases of the units, an administrative law judge found.

  • April 29, 2024

    Kazakh Businessman Accused Of Stealing Coal Mine

    A Kazakh businessman schemed with the country's government to steal a coal mine, its proceeds, and its assets and laundered the proceeds to buy luxury U.S. real estate worth more than $100 million, according to a suit filed in New York state court.

  • April 29, 2024

    6th Circ. Revives Co.'s Malpractice Suit Against Ohio Firm

    The Sixth Circuit on Monday revived a Texas real estate developer's legal malpractice claim against an Ohio law firm, remanding the case back to a lower court to consider the viability of certain professional negligence claims.

  • April 29, 2024

    Zillow Fights Investor Cert. In Home Pricing Program Suit

    Zillow urged a Washington federal court not to certify a class of shareholders amid an investor's suit alleging he was misled about the performance of its home-flipping program, arguing that the alleged misstatements had no bearing on stock prices.

  • April 29, 2024

    DC Property Manager Can't Duck Utility Fee Claims

    A District of Columbia federal judge refused to toss a proposed class action lobbed by a former tenant against Bozzuto Management Co., leaving the property manager to face claims that its mishandling of utility charges violated consumer protection laws.

  • April 29, 2024

    Keller Williams Agent Can't Slip Robocall Class Action

    A Nevada federal judge refused to let a Keller Williams agent escape a proposed class action accusing her of violating the Telephone Consumer Protection Act by repeatedly using robocalls to contact someone whose cellphone number was on a national do-not-call registry.

  • April 29, 2024

    Defendant Seeks Tribe's Confidential Data In Smoke Shop Suit

    An entrepreneur being sued by the Cayuga Nation is arguing in New York federal court that he should be allowed to view "highly confidential" spreadsheets purportedly detailing revenue losses the tribe suffered due to an unlicensed smoke shop on tribal land, asserting he has no business ties to the store.

  • April 29, 2024

    Peer Street Plan Ruling Gets Delayed After Objector No-Show

    Real estate investment platform Peer Street Inc. will have to wait another week for a decision on confirmation of its Chapter 11 plan, after a Delaware bankruptcy judge declined Monday to rule on the relief because an objecting party wasn't present in court.

  • April 29, 2024

    Pa. Retirement Home Wants Ed Board Tax Challenge Nixed

    The nonprofit owner of a retirement community in a suburb of Pittsburgh has filed a lawsuit against the local school board claiming that the board violated a soon-to-expire payment in lieu of taxes, or PILOT, agreement that was brokered almost 15 years ago.

  • April 29, 2024

    Wash. Solar Co. Will Pay $465K To End Noncompete Suit

    A Washington state judge has given a preliminary nod to a $465,000 settlement to end litigation accusing a residential solar energy equipment company of forcing workers to sign illegal noncompete clauses as a condition of employment.

  • April 29, 2024

    Becker Adds Community Association Pro From Kaye Bender

    A community associations attorney from Kaye Bender Rembaum has jumped to Becker & Poliakoff PC to serve as a shareholder in the firm's West Palm Beach, Florida, office, the firm announced Monday.

  • April 29, 2024

    Builders Say State Rulemaking At Stake In Mich. PFAS Case

    A homebuilders' group has backed industrial giant 3M in urging the state's highest court to preserve a lower court ruling wiping out limits on forever chemicals, with a trade group official saying the decision could affect other state agency rulemaking.

Expert Analysis

  • Serving As A Sheriff's Deputy Made Me A Better Lawyer

    Author Photo

    Skills developed during my work as a reserve deputy — where there was a need to always be prepared, decisive and articulate — transferred to my practice as an intellectual property litigator, and my experience taught me that clients often appreciate and relate to the desire to participate in extracurricular activities, says Michael Friedland at Friedland Cianfrani.

  • Preparing For Possible Calif. Criminal Antitrust Enforcement

    Author Photo

    Though a recent announcement that the California Attorney General's Office will resume criminal prosecutions in support of its antitrust enforcement may be mere saber-rattling, companies and their counsel should nevertheless be prepared for interactions with the California AG's Antitrust Section that are not limited to civil liability issues, say Dylan Ballard and Lillian Sun at V&E.

  • Conn. Loan Law Tweaks May Have 3 Major Effects On Lenders

    Author Photo

    Recently proposed minor amendments to Connecticut’s consumer protection laws could nonetheless mean major and unexpected changes to state consumer financial services regulations that dictate how lenders and their customer-facing service providers handle fee payments, mortgage servicer licensing and private student loans, says Jonathan Joshua at Joshua Law Firm.

  • Document Retention Best Practices To Lower Litigation Risks

    Author Photo

    As new technologies emerge and terabytes of data can be within the purview of a single discovery request, businesses small and large should take four document management steps to effectively minimize risks of litigation and discovery sanctions long before litigation ensues, says Kimbrilee Weber at Norris McLaughlin.

  • Riding My Peloton Bike Makes Me A Better Lawyer

    Author Photo

    Using the Peloton platform for cycling, running, rowing and more taught me that fostering a mind-body connection will not only benefit you physically and emotionally, but also inspire stamina, focus, discipline and empathy in your legal career, says Christopher Ward at Polsinelli.

  • The Challenges SEC's Climate Disclosure Rule May Face

    Author Photo

    Attorneys at Debevoise examine potential legal challenges to the U.S. Securities and Exchange Commission's new climate-related disclosure rule — against which nine suits have already been filed — including arguments under the Administrative Procedure Act, the major questions doctrine, the First Amendment and the nondelegation doctrine.

  • Class Actions At The Circuit Courts: March Lessons

    Author Photo

    In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses four notable circuit court decisions on topics from consumer fraud to employment — and provides key takeaways for counsel on issues including coercive communications with putative class members and Article III standing at the class certification stage.

  • Spartan Arbitration Tactics Against Well-Funded Opponents

    Author Photo

    Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.

  • How FinCEN Proposal Expands RE Transaction Obligations

    Author Photo

    Against a regulatory backdrop foreshadowing anti-money laundering efforts in the real estate sector, the Financial Crimes Enforcement Network's proposed rule significantly expands reporting requirements for certain nonfinanced residential real estate transfers and necessitates careful review, say attorneys at Fried Frank.

  • How Calif. Video Recording Ruling May Affect Insured Exams

    Author Photo

    A recent California appellate decision, Myasnyankin v. Nationwide, allowing policyholders to video record all parties to an insurance examination under oath, has changed the rules of the road for EUOs and potentially opened Pandora's box for future disputes, say John Edson and Preston Bennett at Sheppard Mullin.

  • Unpacking FinCEN's Proposed Real Estate Transaction Rule

    Author Photo

    Phil Jelsma and Ulrick Matsunaga at Crosbie Gliner take a close look at the Financial Crimes Enforcement Network's recently proposed rulemaking — which mandates new disclosures for professionals involved in all-cash real estate deals — and discuss best next steps for the broad range of businesses that could be affected.

  • Texas Insurance Ruling Could Restore Finality To Appraisal

    Author Photo

    The Texas Supreme Court's decision in Rodriguez v. Safeco, determining that full payment of an appraisal award precludes recovery of attorney fees, indicates a potential return to an era in which timely payment undoubtedly disposes of all possible policyholder claims, says Karl Schulz at Cozen O'Connor.

  • Contractors Need Protection From NJ Homeowner Protections

    Author Photo

    A recently passed New Jersey law, combined with the state's Consumer Fraud Act, is intended to protect innocent homeowners, but legislative action must be taken to prevent homeowners from abusing the law to avoid paying hardworking contractors, say Gary Strong and Madison Calkins at Gfeller Laurie.