Residential

  • September 10, 2024

    Fed Official Previews 'Broad' Changes To Bank Capital Plans

    A top Federal Reserve official on Tuesday revealed plans to sharply revise draft bank capital rules proposed last year, including cutting in half the amount of additional capital the largest banks would have to hold while largely sparing midsize lenders from the proposed new requirements.

  • September 10, 2024

    Ex-McElroy Deutsch CFO's Ch. 11 Case Nixed As 'Bad Faith'

    McElroy Deutsch Mulvaney & Carpenter LLP convinced a New Jersey bankruptcy judge to throw out the Chapter 11 filing of its former chief financial officer, who is behind bars for stealing over $1 million from the firm, with the judge finding Tuesday that the petition was brought in "bad faith" to stall related state litigation. 

  • September 10, 2024

    Fannie Says Pa. Landlords Owe $60M For 7 Apt. Buildings

    Fannie Mae is seeking foreclosure on roughly $60 million in overdue mortgage loans and interest tied to seven commercial properties in and around Philadelphia, according to a complaint filed in Pennsylvania federal court.

  • September 10, 2024

    Healthcare Real Estate Firm Pays $80M For 277 US Properties

    Healthcare real estate investment shop Scioto Properties said Tuesday it has completed the $80 million purchase of a portfolio of 277 properties across 17 U.S. states, representing the largest transaction in the firm's quarter-century history.

  • September 09, 2024

    New Jersey Towns Fight New Affordable Housing Framework

    Nine New Jersey towns have filed a constitutional challenge to the state's new affordable housing obligations framework, arguing it imposes responsibilities never envisioned by the decades-old doctrine that gave rise to the state's Fair Housing Act.

  • September 09, 2024

    Conn. Realtor Gets $4M From Luxury Property Co. In Fall Suit

    A Connecticut state jury has awarded an injured realtor more than $4 million in his suit against luxury property company Hedgerow Properties LLC alleging an unsafe staircase caused him to fall and be injured.

  • September 09, 2024

    Subsidized DC Landlord Sued Over 'Deplorable' Conditions

    District of Columbia Attorney General Brian L. Schwalb announced Monday that he was suing a local "slumlord" for repeatedly violating the district's codes for housing, construction and property management and wrongfully collecting government-subsidized rents by presenting his properties as safe despite "deplorable" conditions.

  • September 09, 2024

    Conn. Atty Defaults In Real Estate Client's Overcharge Suit

    A Connecticut Superior Court clerk has entered a default judgment against a law firm accused of botching a real estate transaction, leaving the firm's namesake attorney to face allegations that he distributed home sale proceeds to unknown people and wrote a bad check to the true beneficiary of a trust.

  • September 09, 2024

    Illinois Judge Won't Block Chicago Rental Protections

    An Illinois federal judge refused Friday to grant a property company an injunction blocking the enforcement of a Chicago ordinance intended to protect renters living in foreclosed residential properties by entitling them to $10,000 payouts.

  • September 09, 2024

    Apartment Cooperative Hits Chapter 11 Amid Takeover Fight

    The management of Success Village Apartments Inc. has filed for Chapter 11 bankruptcy protection in the District of Connecticut, citing between $1 million and $10 million in debt, amid court battles with local communities and utility companies that sought to force the 900-unit housing cooperative into receivership.

  • September 09, 2024

    Greenberg Traurig Steers $225M Financing For NYC's ONE38

    A Berkshire Residential Investments entity is providing $225 million in financing for a New York City apartment complex in two mortgage transactions guided by Greenberg Traurig LLP, according to official property records.

  • September 09, 2024

    NYC Real Estate Week In Review

    Berliner & Pilson and Jeffrey Zwick are among the law firms that steered the largest New York City real estate deals that hit public records last week, a slow holiday-shortened period that saw only one matter above the $25 million mark become public.

  • September 09, 2024

    Ore. Tax Court Denies Homestead Break For Property

    An Oregon homeowner was ineligible for a homestead property tax deferral, the state tax court said, because he did not occupy the home for five years, it was subject to a reverse mortgage and its value topped the county median.

  • September 06, 2024

    VA Must Turn LA Campus Into Vets' Housing, Judge Says

    A California federal judge on Friday ruled in favor of a class of disabled homeless military veterans alleging that they're facing disability discrimination due to the lack of permanent supportive housing on a West Los Angeles campus.

  • September 06, 2024

    Appeals Court Says Nursing Home Seller Keeps Atty Fees

    An entity that sold a nursing home is entitled to keep attorney fees because the underlying contract spelled out that it was entitled to them, a Texas appeals court found, even though the eventual buyer was not a party to the contract granting attorney fees.

  • September 06, 2024

    Plan Pitches 1,700 Units For Vacant San Jose Golf Course

    Local officials are fielding a developer's request to build some 1,700 housing units on a vacant golf course in east San Jose, California, which is one of the largest development sites in the Silicon Valley area.

  • September 06, 2024

    Property Plays: Faropoint, EPA, Lendlease

    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.

  • September 06, 2024

    Property Co. Not Covered By Excess Carriers In Antitrust Row

    A property management company is not owed coverage from two excess insurers in an underlying multidistrict litigation surrounding allegations of a price-fixing conspiracy involving software company RealPage Inc., a Massachusetts federal judge ruled, finding the excess insurers had no obligations under the management company's primary policy.

  • September 06, 2024

    Pa. Borough Says Insurer, Atty Wrongfully Settled Feud

    A Pennsylvania borough accused its insurer-retained counsel of committing legal malpractice by consummating a settlement acting against its wishes in an underlying "baseless" lawsuit brought by a borough council member, telling a state court that the attorney acted in the insurer's best interest.

  • September 06, 2024

    NC Judge Orders MV Realty's CEO To Produce Emails

    A North Carolina Business Court judge on Friday ordered MV Realty to produce its CEO's emails as part of Attorney General Josh Stein's lawsuit accusing the company of locking homeowners in fraudulent deals to extract illegal fees.

  • September 06, 2024

    Elections Haven't Had Much Immediate Real Estate Impact

    The past six presidential elections have not had much immediate impact on commercial real estate investment, according to a report out this week from brokerage firm CBRE.

  • September 06, 2024

    Trustee Backs Tossing Ex-McElroy Deutsch CFO's Ch. 11 Case

    The U.S. Trustee's Office has urged a New Jersey bankruptcy court to dismiss a Chapter 11 petition from McElroy Deutsch Mulvaney & Carpenter LLP's former CFO, who is currently incarcerated for embezzling millions from the firm, because he has stonewalled the trustee's requests for information about his finances.

  • September 06, 2024

    Indicted Power Broker, Atty Brother Hit With Civil RICO Suit

    Philadelphia developer Carl Dranoff has accused the indicted brothers George E. Norcross III, a New Jersey power broker, and Parker McCay CEO Philip A. Norcross of causing him and his company millions of dollars in damages by intimidating and extorting him out of his property development rights in the city of Camden, New Jersey.

  • September 05, 2024

    TikToker Conned Followers With Real Estate Fraud, Feds Say

    A social media influencer faces criminal charges and a suit from the U.S. Securities and Exchange Commission after he allegedly made false claims to investors that money put into purported real estate projects would earn them passive income.

  • September 05, 2024

    Poor Communities Least Insured, Congressional Analyst Says

    Flood risk in the United States is understated by official maps, and lower income communities have less insurance protection for greater risk — two problems that come as threats to U.S. housing grow, a congressional budget analyst said Thursday.

Expert Analysis

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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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.