Residential

  • May 30, 2024

    Colo. Creates Low-Income Housing Investment Tax Credit

    Colorado will allow an income tax credit for investments in certain low-income housing projects and increase the amount of affordable housing tax credits it offers under a bill signed Thursday by Democratic Gov. Jared Polis.

  • May 30, 2024

    Mass. Foreclosure Law May Be Unconstitutional, Judge Says

    A Massachusetts law blocking towns and cities from returning excess funds from foreclosure sales may be an unconstitutional taking, a federal judge has said.

  • May 30, 2024

    2 Firms Guide $84M Loan For Fla. Multifamily Project

    Centennial Bank inked an $84.4 million loan for the joint venture behind a multifamily development in Fort Lauderdale, Florida, which secured local support with plans to reserve 10% of the units at workforce housing levels of affordability.

  • May 30, 2024

    Interest Rates Knock Pending Home Sales, NAR Says

    Pending home sales in the U.S. declined by 7.4% in April year-over-year, and rising interest rates are to blame, the National Association of Realtors said May 30.

  • May 30, 2024

    Fried Frank, Kirkland Pilot $1.55B Multifamily Portfolio Deal

    Brookfield, advised by Fried Frank Harris Shriver & Jacobson LLP, bought a $1.55 billion portfolio of U.S. multifamily properties from Starwood Capital Group, guided by Kirkland & Ellis LLP, in a recently closed deal, a spokesperson for Starwood confirmed this week.

  • May 30, 2024

    High Court Calls For 2nd Circ. Redo In BofA Preemption Fight

    The U.S. Supreme Court on Thursday threw out a Second Circuit decision that freed Bank of America NA from class action litigation brought over a New York escrow interest law, ruling that the circuit court wasn't "nuanced" enough in finding the law preempted for national banks.

  • May 29, 2024

    Judge Won't Ban Rent Law Tweak Amid Landlords' Suit

    A New York federal court refused to issue a preliminary ruling blocking enforcement of a December amendment to the state's rent stabilization laws, saying the landlords who filed suit failed to show the changes violated either the Fourth or the 14th amendments.

  • May 29, 2024

    DACA Holder Accuses Fla. Credit Union Of Discrimination

    A man with temporary immigration protections through the Deferred Action for Childhood Arrivals program is accusing Florida's third-largest credit union of unlawfully denying him a home loan based on his immigration status, in a suit filed Wednesday in federal court.

  • May 29, 2024

    Fla. Gov. Signs Bill Requiring Greater HOA Transparency

    Florida Gov. Ron DeSantis signed a bill on Wednesday that requires homeowners' associations to give physical or digital copies of their rules and covenants to members.

  • May 29, 2024

    Dream Finders Closes $412M Land Banking Deal After Buy

    400 Capital Management LLC and affiliate Builder Capital said Wednesday that they have closed on a $412 million land banking deal with Dream Finders Homes to acquire more than 4,000 residential home sites in Nashville, Tennessee; Charleston, South Carolina; and Greenville, South Carolina.

  • May 29, 2024

    MicroEra Power Plots New Phase For Thermal Energy Storage

    As buildings are increasingly powered by renewable energy, Rochester, New York-based MicroEra Power is working on a thermal storage solution that it says offers many advantages over current lithium batteries. Here's a look at this property technology company's vision, its progress so far and what its leaders see ahead.

  • May 29, 2024

    Nestle Purina Sued Over Foul Odors At Denver Plant

    Two Colorado residents hit Nestle Purina PetCare Co. with a proposed class action in federal court Tuesday, saying the company's pet food manufacturing facility emits gag-inducing odors that have disrupted lives and reduced property values.

  • May 29, 2024

    Walker & Dunlop GC Departs As Deputy Fills Shoes For Now

    The longtime top attorney for commercial real estate finance and advisory services firm Walker & Dunlop Inc. has left the company after nearly 14 years, and Walker & Dunlop's deputy general counsel is taking over in the interim.

  • May 29, 2024

    Ex-Freddie Mac Appraisal Chief Talks Bias And Sizing-Up Risk

    As regulators tackle bias in single-family housing, Martin Skolnik, who served as chief appraiser for Freddie Mac multifamily for 13 years, suggests applying the same scrutiny to multifamily appraisals.

  • May 29, 2024

    Greenberg Traurig Gets 30-Year Tax Break From Saudi Arabia

    Greenberg Traurig LLP is among the first law firms to get licensed as a regional headquarters, or RHQ, company in Saudi Arabia, allowing the firm to take advantage of a major tax break, the firm announced Tuesday.

  • May 28, 2024

    Goldman Family Battles Over Evidence In Property Biz Suit

    Relatives of Jane Goldman, an heiress of Sol Goldman's New York City property empire, argued that a contract she has said establishes her authority over the family's real estate business is of "dubious origin."

  • May 28, 2024

    Pittsburgh Agency Sues Over Utility Acces On $100M Complex

    The Pittsburgh Water and Sewer Authority sued a developer and other city officials to maintain its ability to service a water and sewer main underneath a $100 million apartment complex after a city attorney's decision wiped out the agency's objection to a building permit for the project.

  • May 28, 2024

    Jones Day, King & Spalding Rep Blackstone, Bank's $1B Deal

    Blackstone has bought a $1 billion senior mortgage loan portfolio from Deutsche Pfandbriefbank after the German bank revealed plans to offload it, with the all-cash transaction shaped by Jones Day and King & Spalding LLP. 

  • May 28, 2024

    First Citizens Bank Lends $74M For Brooklyn Apartments

    First Citizens Bank has provided a $74 million secured senior loan to real estate investor and developer Lonicera Partners for a 23-story, 160-unit multifamily apartment building in Brooklyn, New York, the bank announced Tuesday.

  • May 28, 2024

    Ex-Florida Atty Accused Of Failing To Deliver Condo Proceeds

    A disbarred attorney was sued in Florida state court by a client who alleged fraud and breach of fiduciary duty in a Miami Beach condominium foreclosure action, saying he misappropriated more than $68,000 in proceeds.

  • May 28, 2024

    High Court Urged To Review NY Rent Law Challenge

    Four interested third parties have urged the U.S. Supreme Court to review a suit challenging two 2019 changes to New York rental laws, arguing that high court intervention is needed to protect property rights across the country.

  • May 28, 2024

    High Court Won't Hear Pilot HOA's Rail Easement Case

    The U.S. Supreme Court has declined to hear a request from an Alaska homeowners association made up of pilots to review a Ninth Circuit decision giving a railroad control of an easement cutting into an airstrip for an airplane-centric subdivision.

  • May 24, 2024

    Conn., Property Owners Say Town Is Wrong On Housing Law

    Connecticut's Department of Housing and several property owners in New Canaan are taking issue with the town's arguments in a bid to pause its lawsuit challenging the state's denial of affordable housing credits, saying the town is misinterpreting a recently passed bill.

  • May 24, 2024

    Realtors Want Case Over 'Cooperation' Rule To Stay Dismissed

    The National Association of Realtors urged a California federal court not to reconsider dismissing a case targeting rules that prevent real estate agents from listing properties outside their affiliated networks, after the case took a trip to the Ninth Circuit.

  • May 24, 2024

    Software-Aided Price Fixing Under Antitrust Assault

    Claims that companies in the same industry are using software middlemen to fix prices are percolating in federal courts around the country, with cases targeting major operators in residential real estate, hospitality and health insurance, among other areas.

Expert Analysis

  • Murdaugh Trials Offer Law Firms Fraud Prevention Reminders

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    As the fraud case against Alex Murdaugh continues to play out, the evidence and narrative presented at his murder trial earlier this year may provide lessons for law firms on implementing robust internal controls that can detect and prevent similar kinds of fraud, say Travis Casner and Helga Zauner at Weaver and Tidwell.

  • Challenging Standing In Antitrust Class Actions: Rule 23

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    A recent Sixth Circuit decision in Fox v. Saginaw County that rejected the common attempt to use Rule 23 to sidestep Article III's standing limitations shows antitrust defendants' success in challenging standing will rest on happenstance without more clarity from the Supreme Court — which no litigant should be comfortable with, say Michael Hamburger and Holly Tao at White & Case.

  • Key Limited Partnership Provisions During Market Downturns

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    With a recession potentially on the horizon, fund managers should carefully examine their funds' limited partnership agreements for items that may be affected by economic downturns, and assess whether modifications may be appropriate, says Matthew Posthuma at Ropes & Gray.

  • Firm Tips For Helping New Lawyers Succeed Post-Pandemic

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    Ten steps can help firms significantly enhance the experience of attorneys who started their careers in the coronavirus pandemic era, including facilitating opportunities for cross-firm connection, which can ultimately help build momentum for business development, says Lana Manganiello at Equinox Strategy Partners.

  • Fla. Foreign Real Estate Law Brings Broad Investment Risks

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    Last month, Florida became the latest state to enact legislation prohibiting Chinese investors from acquiring certain interests in real property, introducing significant legal uncertainty and consequences for real estate stakeholders and the private equity industry, say attorneys at Simpson Thacher.

  • Prepping Your Business Ahead Of Affirmative Action Ruling

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    The U.S. Supreme Court's upcoming ruling on whether race should play a role in college admissions could potentially end affirmative action, and companies will need a considered approach to these circumstances that protects their brand power and future profits, and be prepared to answer tough questions, say Nadine Blackburn at United Minds and Eric Blankenbaker at Weber Shandwick.

  • Tackling Judge-Shopping Concerns While Honoring Localism

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    As the debate continues over judge-shopping and case assignments in federal court, policymakers should look to a hybrid model that preserves the benefits of localism for those cases that warrant it, while preventing the appearance of judge-shopping for cases of a more national or widespread character, says Joshua Sohn at the U.S. Department of Justice.

  • How Attorneys Can Help Combat Anti-Asian Hate

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    Amid an exponential increase in violence against Asian American and Pacific Islander communities, unique obstacles stand in the way of accountability and justice — but lawyers can effect powerful change by raising awareness, offering legal representation, advocating for victims’ rights and more, say attorneys at Gibson Dunn.

  • Congress Needs To Enact A Federal Anti-SLAPP Statute

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    Although many states have passed statutes meant to prevent individuals or entities from filing strategic lawsuits against public participation, other states have not, so it's time for Congress to enact a federal statute to ensure that free speech and petitioning rights are uniformly protected nationwide in federal court, say attorneys at Skadden.

  • Banking Tips For Lending To Calif. Homeowners Associations

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    With current financial markets and recent changes to California law putting a brighter spotlight on lending, banks should understand the special considerations involved in lending to homeowners associations and the various possible remedies in the event of a default, says Alex Grigorians at Hanson Bridgett.

  • Some Client Speculations On AI And The Law Firm Biz Model

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    Generative artificial intelligence technologies will put pressure on the business of law as it is structured currently, but clients may end up with more price certainty for legal services, and lawyers may spend more time being lawyers, says Jonathan Cole at Melody Capital.

  • How Rent Proposals May Affect Most Populous Md. County

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    Of the various legislative changes concerning rent controls and property taxes that are being considered in Montgomery County, Maryland, comparatively milder controls are likely to prevail, but even these lenient measures may make it more difficult for the county to fulfill its needs for new housing, says Michael Murray at Greysteel.

  • A Lawyer's Guide To Approaching Digital Assets In Discovery

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    The booming growth of cryptocurrency and non-fungible tokens has made digital assets relevant in many legal disputes but also poses several challenges for discovery, so lawyers must garner an understanding of the technology behind these assets, the way they function, and how they're held, says Brett Sager at Ehrenstein Sager.