Residential

  • August 06, 2024

    Calif. Hoteliers Denied Tax Break On Property Sale

    The owners of a California hotel were correctly assessed taxes on the gains from sale of a property, the state Office of Tax Appeals said, finding the owners did not demonstrate they qualified for a tax deferral.

  • August 06, 2024

    Big Brokers Predict Capital Markets Rebound In Late '24

    Commercial real estate's largest brokers, in announcing second-quarter earnings, said they are expecting capital markets activity to rebound in the second half of the year, in a turn Cushman & Wakefield's CEO called a "waterfall effect."

  • August 06, 2024

    Dentons Names Real Estate Atty As Vancouver Office Leader

    Dentons promoted Canadian real estate partner Scott Wilson to an office managing partner role in its Vancouver office, the firm announced.

  • August 06, 2024

    More Training Needed On SF Encampment Rule, Judge Says

    A California federal magistrate judge has partially sided with homelessness advocates and San Francisco residents accusing the city and county of violating the U.S. and state constitutions by destroying homeless residents' self-made encampments and forcing them out of the city with citations, fines and arrests.

  • August 05, 2024

    Salt Lake City Multifamily Deliveries Slowed In Q2, CBRE Says

    Deliveries of multifamily properties in Utah's capital of Salt Lake City declined by 37% in 2024's second quarter compared to deliveries in the first quarter, according to a CBRE report.

  • August 05, 2024

    Rimon Brings On BakerHostetler, Wick Phillips Litigators

    Rimon PC is expanding its team with the addition of two new litigation partners and an investigations associate, who have worked at BakerHostetler, Wick Phillips Gould & Martin LLP and the San Francisco Department of Police Accountability, the firm has said.

  • August 05, 2024

    5th NYC Housing Worker Gets Prison In Anti-Corruption Bust

    A Manhattan federal judge hit a retired public housing worker with 20 months in prison on Monday for taking over $83,000 of bribes, showing that prison is the most likely outcome for those convicted of felonies in the anti-bribery sweep.

  • August 05, 2024

    Dems Unearth Another Thomas Trip Paid For By Harlan Crow

    U.S. Supreme Court Justice Clarence Thomas took a previously undisclosed trip between Hawaii and New Zealand on a billionaire Republican donor's private jet in 2010, lawmakers revealed in a letter Monday that offered the donor a "final opportunity" to explain how that trip and others don't constitute a tax fraud scheme.

  • August 05, 2024

    Developers Nab $1B For 2-Tower NYC Resi Project

    Atlas Capital Group LLC and Zeckendorf Development LLC secured nearly $1 billion in financing from Cale Street Partners LLP and Farallon Capital Management LLC for a two-tower project underway in Lower Manhattan, New York, per property records and Gibson Dunn & Crutcher LLP.

  • August 05, 2024

    Healthcare REIT Provides $303M For Nursing Properties Buy

    CareTrust REIT Inc. extended a $260 million senior mortgage loan and $43 million preferred equity investment for the acquisition of a portfolio of skilled-nursing and senior housing properties, the healthcare real estate investment trust has announced.

  • August 05, 2024

    NYC Real Estate Week In Review

    Breuer Herskowitz and Morici & Morici were among the law firms that handled the largest New York City deals that hit public records last week, with all of the week's deals north of $20 million happening in Manhattan.

  • August 05, 2024

    Andrews Myers Construction Atty Joins Cozen O'Connor

    Cozen O'Connor has hired a construction litigator in California who has more than 14 years of experience representing clients in matters involving infrastructure, industrial and other construction projects, the firm announced Monday.

  • August 02, 2024

    High Court Urged To Wade Into Alaska Beach Boundary Case

    A free-market think tank urged the U.S. Supreme Court to examine an Alaska Supreme Court decision readjusting homeowners' property boundaries, arguing that the ruling ignored high court precedent and undermined property values.

  • August 02, 2024

    Colo. Court Affirms Residential Tax Rate For Vacant Parcels

    Two vacant parcels in Colorado were correctly classified as residential, the Colorado Court of Appeals said, upholding a state assessment board finding that the parcels were used in conjunction with an adjoining residential parcel.

  • August 02, 2024

    HFZ Capital Cops To $86M Fraud Charges, Blames Ex-Chief

    Defunct real estate firm HFZ Capital Group pled guilty in an $86 million criminal case Friday, admitting that its former top executive Nir Meir evaded New York City property taxes and stole funds from commercial and residential building projects.

  • August 02, 2024

    Judge Sides With NYC Mayor In Housing Voucher Fight

    A New York state judge ruled against a proposed class of New Yorkers who want Mayor Eric Adams to implement a set of four laws that aimed to expand the city's housing voucher program.

  • August 02, 2024

    Prosecutors Back NJ Judicial Privacy Law's Constitutionality

    Daniel's Law is a "commonsense" measure necessary to counter the surge in threats and violence against judges and law enforcement officers, and it places only a "modest" burden on commercial data brokers, federal prosecutors told a New Jersey federal court weighing the future of the law.

  • August 02, 2024

    Land Sale Deals Allowed In Colo. Eminent Domain Dispute

    A Colorado appeals court ruled against the city of Westminster in its eminent domain action, ruling that three comparable sales contracts and an adjacent land parcel's $51.5 million purchase and sale contract can be admitted as evidence in a valuation trial.

  • August 02, 2024

    LaVie Agrees To Narrowed Ch. 11 Discovery With Creditors

    Bankrupt skilled-nursing facility operator LaVie Care Centers reached an agreement on Friday with the official committee of unsecured creditors in its Chapter 11 case that will allow for narrower discovery demands than originally proposed by the creditors, who are interested in the circumstances surrounding prepetition facility sales.

  • August 02, 2024

    Property Plays: VICI, Host Hotels, Tampa Bay Rays

    Property Plays is a weekly roundup of the latest loans, leases, sales and projects around the country. Send your tips — all confidential — to realestate@law360.com.

  • August 02, 2024

    3 Real Estate Investors Cop To $119M Mortgage Fraud Scheme

    A trio of real estate investors has admitted to running an extensive, multiyear conspiracy to defraud Fannie Mae by getting the company to purchase or fund $119 million worth of mortgage loans so they could acquire residential and commercial properties, the U.S. Department of Justice announced Thursday.

  • August 02, 2024

    Haynes Boone Guides Brooklyn Apartment $150M Refi

    The developers behind a multifamily development in Brooklyn secured a $150 million refinancing from a fund linked to TPG RE Finance Trust Inc. under the guidance of Haynes and Boone LLP, per county property records.

  • August 01, 2024

    Cos., Military Housing Lender Seek Early Wins In Loans Suit

    Developers of military housing and a lender for such housing filed dueling summary judgment motions in New York federal court Wednesday, each seeking a quick win in a suit accusing the lender and others of defrauding the developers of hundreds of millions of dollars in project proceeds.

  • August 01, 2024

    Senate Advances Bipartisan Bill To End Hotel 'Junk' Fees

    The U.S. Senate voted to advance a bill out of committee that would crack down on "junk fees," or hidden fees tacked on to hotel or short-term rental bookings, an idea that has drawn bipartisan support.

  • August 01, 2024

    Real Estate Lawyers On The Move

    Honigman and Gordon Rees are among the firms that have made recent real estate or construction hires.

Expert Analysis

  • How A Bumblebee Got Under Calif. Wildlife Regulator's Bonnet

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    A California bumblebee's listing as an endangered species could lead to a regulatory quagmire as California Department of Fish and Wildlife permits now routinely include survey requirements for the bee, but the regulator has yet to determine what the species needs for conservation, says David Smith at Manatt.

  • The Clock Is Ticking For Fla. Construction Defect Claims

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    Ahead of the fast-approaching July 1 deadline for filing construction defect claims in Florida, Sean Ravenel at Foran Glennon discusses how the state's new statute of repose has changed the timeline, and highlights several related issues that property owners should be aware of.

  • Wiretap Use In Cartel Probes Likely To Remain An Exception

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    Although the U.S. Department of Justice's Antitrust Division has recently signaled interest in wiretaps, the use of this technology to capture evidence of antitrust conspiracies and pursue monopolization as a criminal matter has been rare historically, and is likely to remain so, say Carsten Reichel and Will Conway at DLA Piper.

  • Playing Chess Makes Me A Better Lawyer

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    There are many ways that chess skills translate directly into lawyer skills, but for me, the bigger career lessons go beyond the direct parallels — playing chess has shown me the value of seeing gradual improvement in and focusing deep concentration on a nonwork endeavor, says attorney Steven Fink.

  • Debate Over CFPB Definition Of Credit Is Just Beginning

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    The Consumer Financial Protection Bureau has recently worked to expand the meaning of credit, so anyone operating on the edges of the credit markets, or even those who assumed they were safely outside the scope of this regulatory perimeter, should pay close attention as legal challenges to broad interpretations of the definition unfold, says John Coleman at Orrick.

  • A Closer Look At Feds' Proposed Banker Compensation Rule

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    A recently proposed rule to limit financial institutions' ability to award incentive-based compensation for risk-taking may progress through the rulemaking process slowly due to the sheer number of regulators collaborating on the rule and the number of issues under consideration, say attorneys at Troutman Pepper.

  • The FTC And DOJ Should Backtrack On RealPage

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    The antitrust agencies ought to reverse course on their enforcement actions against RealPage, which are based on a faulty legal premise, risk further property shortages and threaten the use of algorithms that are central to the U.S. economy, says Thomas Stratmann at George Mason University.

  • Fishing Makes Me A Better Lawyer

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    Atop the list of ways fishing makes me a better lawyer is the relief it offers from the chronic stress of a demanding caseload, but it has also improved my listening skills and patience, and has served as an exceptional setting for building earnest relationships, says Steven DeGeorge​​​​​​​ at Robinson Bradshaw.

  • Circuit Judge Writes An Opinion, AI Helps: What Now?

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    Last week's Eleventh Circuit opinion in Snell v. United Specialty Insurance, notable for a concurrence outlining the use of artificial intelligence to evaluate a term's common meaning, is hopefully the first step toward developing a coherent basis for the judiciary's generative AI use, says David Zaslowsky at Baker McKenzie.

  • Ohio Tax Talk: The Legislative Push For Property Tax Relief

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    As Ohio legislators attempt to alleviate the increasing property tax burden, four recent bills that could significantly affect homeowners propose to eliminate replacement property tax levies, freeze property taxes for longtime homeowners, adjust homestead exemptions annually for inflation, and temporarily expand the homestead exemption, say Raghav Agnihotri and Rachael Chamberlain at Frost Brown.

  • In The CFPB Playbook: Regulatory Aims Get High Court Assist

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    Newly emboldened after the U.S. Supreme Court last month found that the Consumer Financial Protection Bureau's funding is constitutional, the bureau has likely experienced a psychic boost, allowing its already robust enforcement agenda to continue expanding, say attorneys at Husch Blackwell.

  • What's New In Kentucky's Financial Services Overhaul

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    Kentucky's H.B. 726 will go into effect in July and brings with it some significant restructuring to the Kentucky Financial Services Code, including changes to mortgage loan license fees and repeals of provisions relating to installment term loans and savings associations, say attorneys at Frost Brown.

  • A Comparison Of FDIC, OCC Proposed Merger Approaches

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    Max Bonici and Connor Webb at Venable take a closer look at the Federal Deposit Insurance Corp.'s and Office of the Comptroller of the Currency's respective bank merger proposals and highlight certain common themes and important differences, in light of regulators continually rethinking their approaches to bank mergers.