Residential

  • April 02, 2025

    Fla. High Court Told Condo's Irma Claim Redo Lacked Key Info

    An insurance company told the Florida Supreme Court on Wednesday that a Miami condominium's reopened claim for damage caused by Hurricane Irma wasn't sufficient to trigger a supplemental claim, arguing that state law required additional information regarding the initial loss.

  • April 02, 2025

    New EB-5 Investors Rushing In Amid 'Gold Card' Uncertainty

    Questions about the future of the EB-5 visa program have ushered in a "rush" of investors amid concerns that the minimum investment threshold could rise roughly five-fold under the Trump administration's so-called Gold Card program.

  • April 02, 2025

    2 Firms Rep $108M NYC Condo Loans

    The owner of a luxury mixed-use condominium in the Brooklyn borough of New York borrowed two loans worth more than $108 million combined in separate deals guided by King & Spalding LLP and Brownstein Hyatt Farber Schreck LLP, according to official property records.

  • April 02, 2025

    Northwind, BHI Fund $170M NYC Luxury Condo Project

    Northwind Group and the U.S. arm of Bank Hapoalim BM provided a $170 million construction loan for Nortco Development's 36-unit luxury condominium development in New York City's Upper West Side, the lenders announced.

  • April 02, 2025

    Miami Greenlights $3B Affordable Housing Project

    The Miami-Dade County Commission voted unanimously to grant final approval for a $3 billion mixed-used development, which will span 63 acres and contain 5,700 affordable and workforce housing units.

  • April 02, 2025

    Colorado AG Cuts Deal To Unwind Exclusive Broker Contracts

    A brokerage company in Colorado state court agreed to release 171 homeowners from exclusive listing agreements that are illegal under a 2023 state law, in a deal with prosecutors approved Wednesday.

  • April 02, 2025

    Tokenization Exec Sees Ample Possibilities For Real Estate

    Small and large investors who seek exposure to real estate via fractional purchases are broadening their scope to include less-common asset classes, the founder of tokenization platform EstateX told Law360 Real Estate Authority in a recent interview.

  • April 02, 2025

    Eric Adams Case Dismissed As Judge Rebukes DOJ 'Bargain'

    A Manhattan federal judge on Wednesday permanently dismissed corruption charges against New York City Mayor Eric Adams, heeding advice from court-appointed counsel Paul Clement even as he gave credence to district prosecutors' claims of a quid pro quo between Adams and Trump administration officials in the Justice Department.

  • April 01, 2025

    Ex-Microsoft Manager Says He Was Fired For Whistleblowing

    A former project manager for Microsoft says he was fired after flagging compliance issues and misconduct, including being forced to leak sensitive data from client Freddie Mac's workforce platform and being asked to falsify a report to cover up fraud, according to a suit filed Monday in Texas federal court.

  • April 01, 2025

    Ill. Court Trims Deutsche Bank Housing Maintenance FHA Suit

    An Illinois federal judge has trimmed Fair Housing Act claims from a coalition's suit alleging Deutsche Bank neglected foreclosed properties in minority neighborhoods, saying he was unconvinced the alleged FHA violations caused the racial disparities in maintenance work.

  • April 01, 2025

    Broker Must Face Mortgage Co.'s Claims It Worked With Rivals

    A mortgage broker cannot escape a lawsuit from United Wholesale Mortgage alleging the broker breached a contract by sourcing loans to United's top competitors despite agreeing not to, a Michigan federal judge said Monday in finding the new terms and the way they were enacted were allowed under state law. 

  • April 01, 2025

    Paul Weiss Guides Brookfield's Majority Stake In Mortgage Biz

    Brookfield Asset Management, advised by Paul Weiss Rifkind Wharton & Garrison LLP, has acquired a majority stake in Angel Oak Cos., led by Paul Hastings LLP, in a deal that brings the mortgage specialist into its $317 billion credit business, the companies said Tuesday.

  • April 01, 2025

    NY Judge Tosses Rent Assistance Bias Class Action

    The New York City Housing Authority and the state government escaped race discrimination claims from a proposed class of Black, Hispanic and Latino tenants, after a New York federal judge ruled that the plaintiffs lacked standing.

  • April 01, 2025

    5 Firms Guide $215M Financing Deal For Miami Condo Tower

    PMG, Lion Development Group and Marc Roberts Companies have obtained $215 million in construction financing for their 44-story, 659-unit downtown Miami condominium tower project with help from five law firms, the companies announced Tuesday.

  • April 01, 2025

    Catching Up With New Bankruptcy Case Action

    Restaurant chain Hooters launched a Chapter 11 case with about $380 million in debt, saying it has reached a deal to shed its company-owned restaurants and trade debt for equity. Gastropub chain Bar Louie filed for bankruptcy, listing nearly $70 million of debt, about five years after its creditors took over the business during a previous bankruptcy. And a sustainability-focused financial services company filed for Chapter 11 less than a month after the firm's founder was arrested and charged with fraud.

  • April 01, 2025

    Ohio Justices Won't Hear 3rd-Party Property Tax Appeal Case

    The Ohio Supreme Court declined Tuesday to hear a challenge to the constitutionality of third-party property tax appeal restrictions, leaving in place an appellate court's dismissal of the matter.

  • April 01, 2025

    Homeowners Premiums Rose 24% In 3 Years, Report Says

    Average homeowners insurance premiums in the United States rose by 24% from 2021 to 2024, a national crisis that is putting pressure on Americans with mortgage burdens, according to a report issued Tuesday by the Consumer Federation of America.

  • April 01, 2025

    Idaho Boosts Property Tax Breaks By $100M

    Idaho will increase tax breaks for property owners in the state starting this year and every year thereafter under a bill signed by the governor.

  • March 31, 2025

    NYC Fights Group's Claim Of Biased Property Tax System

    An organization that says New York City's property tax regime discriminates against minorities can't proceed with its claim, the city told the state appellate court, saying that further discovery or trial is needed.

  • March 31, 2025

    6th Circ. Affirms County's Foreclosed Property Proceeds Win

    The Sixth Circuit sided with a Michigan county Friday in a resident's suit alleging the decision to withhold surplus proceeds from the tax foreclosure sale of her home was an unconstitutional taking, affirming the constitutionality of a process for claiming proceeds that she failed to follow.

  • March 31, 2025

    Feds' Race Bias Suit Should Target Appraiser, Rocket Says

    Rocket Mortgage LLC has urged a Colorado federal court to dismiss the federal government's race discrimination suit against the mortgage lender, an appraisal management company and an appraiser, arguing it is not responsible for what the appraiser purportedly did.

  • March 31, 2025

    Insurer Must Cover $2.4M Water Damage, Condo Owners Say

    A Washington condo association has filed a federal consumer protection complaint against Country Casualty Insurance Co., alleging $2.4 million in unpaid claims for hidden water damage to exterior sheathing and framing the condo association says is covered by its property insurance policy.

  • March 31, 2025

    Vistria Group Affordable Housing Fund Raises $2.5B

    Vistria Group announced Monday that its affordable housing-focused real estate fund has raised $2.5 billion since the fund was launched in 2023, adding that the private investment firm has acquired more than 7,000 housing units through the fund.

  • March 31, 2025

    Regulators Seek Pause On 5th Circ. Fight Over CRA Rules

    Federal regulators have asked the Fifth Circuit to halt further proceedings in a banking industry challenge to their Biden-era Community Reinvestment Act rules, citing their recently announced plans to go back to the drawing board with them.

  • March 31, 2025

    Pearlstone Partners Gets $154.5M Loan For Texas Condos

    Pearlstone Partners obtained a $154.5 million construction loan for its recently started three-building 158-unit luxury condominium project in downtown Austin, Texas, the full-service developer announced Monday.

Expert Analysis

  • Addressing Tariff Price Escalation In Construction Contracts

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    As construction projects across the U.S. face uncertainty surrounding material price increases driven by government-imposed tariffs, owners and developers should draft strong contracts to protect themselves from tariff-related cost overruns and delays, say attorneys at Akerman.

  • Reconciling 2 Smoke Coverage Cases From California

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    As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on insurance coverage, the February state appellate ruling denying coverage for property damage from smoke, ash and soot should be viewed as an outlier, say attorneys at Reed Smith.

  • How Fla. Is Floating A Raft Of Bills To Stem Insurance Woes

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    Proposed reforms that follow a report skewering Florida's insurance industry offer a step in the right direction in providing relief for property owners, despite some limitations, say attorneys at Farah & Farah.

  • After Fires, Calif. Must Streamline Enviro Reviews For Housing

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    Recent waivers to the California Environmental Quality Act and other laws granted by California Gov. Gavin Newsom to expedite reconstruction of residential property damaged in the Los Angeles wildfires are laudable — but given the state's widespread housing shortage, policymakers should extend the same benefits to other communities, say attorneys at Alston & Bird.

  • Making The Opportunity Zones Program Great At Last

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    As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.

  • How 2025 Is Shaping The Future Of Bank Mergers So Far

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    Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.

  • Why NY May Want To Reconsider Its LLC Transparency Law

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    Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.

  • Dewberry Ruling Is A Wakeup Call For Trademark Owners

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    The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.

  • California Climate Lawsuit Bill Is Constitutionally Flawed

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    A bill in the California Legislature that would let victims of climate-related disasters like the Los Angeles wildfires sue oil and gas producers for spreading misinformation about climate change is too vague, retroactive and focused on one industry to survive constitutional scrutiny, says Kyla Christoffersen Powell at the Civil Justice Association of California.

  • The Current And Future State Of Bank-Fintech Partnerships

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    Though the Consumer Financial Protection Bureau under President Donald Trump seems likely to cultivate an environment friendlier to the financial services industry, bank-fintech partnerships should stay devoted to proactive compliance and be ready to adapt to regulatory shifts that may intensify scrutiny from enforcers, say attorneys at Greenberg Traurig.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • Navigating Mortgage Insurance Provisions After LA Fires

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    As homeowners affected by the Los Angeles wildfires consider rebuilding, mortgage lenders and servicers must negotiate the complex intersection between the standard deed of trust and property insurance, says Heather Wright at Buchalter.

  • Class Actions At The Circuit Courts: February Lessons

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    In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses five federal appellate court class certification decisions and identifies practice tips from cases involving breach of life insurance contracts, constitutional violations of inmates and more.