Residential

  • July 10, 2024

    CFPB Pitches Plan To 'Streamline' Mortgage Servicing Rules

    The Consumer Financial Protection Bureau said Wednesday that it wants to revamp its mortgage servicing rules to make it faster and easier for struggling homeowners to access forbearance and other relief options, proposing changes that draw in part on lessons learned from the COVID-19 pandemic.

  • July 10, 2024

    Cushman's Retail Leader Talks Malls' Evolution

    What do a pickleball court, a beer garden, a boxing ring and a hospital have in common? Depending on where you are in the U.S., you may come across any one of these at your local shopping mall, said Cushman & Wakefield's retail practice group leader.

  • July 09, 2024

    Manhattan Borough Prez Seeks Changes In NYC Housing Plan

    Manhattan Borough President Mark Levine detailed proposed changes Tuesday for New York City Mayor Eric Adams' "City of Yes for Housing Opportunity" affordable housing plan, including a sunset on simplified office-to-residential conversions.

  • July 09, 2024

    No Respite For Sunbelt In Nationwide Apartment Permit Drop

    The number of permits issued to developers of multifamily housing in the first half of 2024 marked a nearly 30% dip from levels seen during the same period in 2021, 2022 and 2023, according to a report released by Redfin on Tuesday.

  • July 09, 2024

    Mich. Property Tax Elimination Fails To Get On 2024 Ballot

    A constitutional amendment that would have eliminated Michigan's property taxes will not appear on the 2024 state ballot after its backers failed to submit the signatures needed to qualify, the secretary of state's office confirmed Tuesday.

  • July 09, 2024

    Tampa Atty Accused Of Fraud In Long-Running House Dispute

    A Tampa-area estate lawyer has been accused of fraud conspiracy in a state court lawsuit brought by a former tax attorney who alleges that her house was taken to collect fees stemming from a false guardianship case, saying a court order that revoked possession of the property violated the Florida Constitution.

  • July 09, 2024

    Fund Scores $83M For Workforce Housing Investments

    Clear Investment Group raised more than $83 million for a fund that aims to "maximize investor value through the stabilization of distressed workforce housing," the multifamily real estate investment firm said Tuesday.

  • July 09, 2024

    REIT Closes On Ground Leases For Calif. Affordable Projects

    Real estate investment trust Safehold Inc. announced that the company has closed on ground leases for the development of four affordable housing communities in Santa Clara, California, and Concord, California.

  • July 09, 2024

    2 Firms Guide Bain Capital Investment In Resi Lender

    Dechert LLP and Irella & Manella LLP oversaw Bain Capital's purchase of a controlling stake in residential lender Archwest Capital, a deal that will see Archwest's management retain a significant minority stake, per a statement from the investor.

  • July 09, 2024

    Fla. Agrees To Stronger CWA Protections For Piney Point Site

    Conservation groups said they've reached an agreement with the Florida Department of Environmental Protection to settle litigation over a phosphogypsum facility in Manatee County, with state regulators agreeing to a draft Clean Water Act permit for the site.

  • July 08, 2024

    SD Homeowners Want Quick Win For Underground Mine Suit

    A proposed class of South Dakota homeowners pushed for a quick win in a suit accusing South Dakota of leaving behind a 40-foot underground gypsum mine that's causing their properties to fall into holes and other property damage.

  • July 08, 2024

    Fried Frank Guides $295M Financing For Kushner's NJ Project

    Real estate developer and manager Kushner Cos. LLC obtained $295 million in construction financing for the second phase of its 1,723-unit, mixed-use skyscraper project in Jersey City, New Jersey, in a loan deal advised by Fried Frank Harris Shriver & Jacobson LLP, the firm said on Monday.

  • July 08, 2024

    Philly Charter School Exec Sentenced To 1½ Years In Prison

    Shahied Dawan, a former nonprofit executive for a Philadelphia charter school and low-income housing nonprofit founded by R&B producer Kenny Gamble, was sentenced to 18 months in prison Monday for conspiring to conceal embezzlement from the organization.

  • July 08, 2024

    Feds Aim To Expand Military Site List For Land Deal Reviews

    The U.S. Department of the Treasury on Monday proposed putting 59 more military sites on its radar when it reviews real estate deals for national security issues, a move that comes on the heels of the White House's crackdown on a Chinese-owned cryptocurrency mine near a Wyoming air base.

  • July 08, 2024

    Frost Brown Adds Former Solo Land Use Atty In Calif.

    Frost Brown Todd LLP has brought on a former solo practitioner and veteran California attorney with expertise in the state's environmental quality act in the firm's San Francisco office, the firm announced Monday.

  • July 08, 2024

    Calif. Realtor Sued Over Use Of Kanye West's Ranch Photos

    A real estate photographer has accused a property listings site in California federal court of stealing his photos of a Hidden Hills, California, ranch home that used to be owned by controversial rap artist Kanye West.

  • July 08, 2024

    Feds Say Petersen Bid Won't Cover HUD-Backed Loans

    The federal government Monday filed an objection to Petersen Health Care's proposed facilities sale, saying the $136 million in bids received by the company is insufficient to cover the U.S. Department of Housing and Urban Development-backed mortgages on the properties.

  • July 05, 2024

    How Reshaped Circuit Courts Are Faring At The High Court

    Seminal rulings from the U.S. Supreme Court's latest term will reshape many facets of American society in the coming years. Already, however, the rulings offer glimpses of how the justices view specific circuit courts, which have themselves been reshaped by an abundance of new judges.

  • July 05, 2024

    Breaking Down The Vote: The High Court Term In Review

    The U.S. Supreme Court's lethargic pace of decision-making this term left the justices to issue a slew of highly anticipated and controversial rulings during the term's final week — rulings that put the court's ideological divisions on vivid display. Here, Law360 takes a data dive into the numbers behind this court term.

  • July 05, 2024

    High Court Flexes Muscle To Limit Administrative State

    The U.S. Supreme Court's dismantling of a 40-year-old judicial deference doctrine, coupled with rulings stripping federal agencies of certain enforcement powers and exposing them to additional litigation, has established the October 2023 term as likely the most consequential in administrative law history.

  • July 05, 2024

    The Sharpest Dissents From The Supreme Court Term

    The U.S. Supreme Court's session ended with a series of blockbuster cases that granted the president broad immunity, changed federal gun policy and kneecapped administrative agencies. And many of the biggest decisions fell along partisan lines.

  • July 05, 2024

    5 Moments That Shaped The Supreme Court's Jan. 6 Decision

    When the high court limited the scope of a federal obstruction statute used to charge hundreds of rioters who stormed the Capitol, the justices did not vote along ideological lines. In a year marked by 6-3 splits, what accounts for the departure? Here are some moments from oral arguments that may have swayed the justices.

  • July 05, 2024

    The Funniest Moments Of The Supreme Court's Term

    In a U.S. Supreme Court term teeming with serious showdowns, the august air at oral arguments filled with laughter after an attorney mentioned her plastic surgeon and a justice seemed to diss his colleagues, to cite just two of the term's mirthful moments. Here, we look at the funniest moments of the term.

  • July 05, 2024

    Trade Groups Sue Denver Over Gas Stove Ban

    A coalition of trade groups representing the restaurant, home construction, rental housing and propane gas industries have claimed in Colorado federal court that two Denver ordinances that restrict the use of gas appliances can't be enforced because they're preempted by federal law.

  • July 05, 2024

    NC Construction Co. Says Subcontractor Pocketed Payments

    A construction company was duped into offering a lighting firm at least eight contracts for electrical work on projects in the Carolinas valued at over $13 million only for the firm to abruptly fold before the work was finished, according to a newly filed state court complaint.

Expert Analysis

  • 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.

  • Tax Assessment: Recapping Georgia's Legislative Session

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    Jonathan Feldman and Alla Raykin at Eversheds Sutherland examine tax-related changes from Georgia’s General Assembly — such as the governor’s successful push to accelerate income tax cuts — and suggest steps to take before certain tax incentives are challenged in the state's next legislative session.