Residential

  • March 21, 2025

    Property Plays: Data Centers, Extell, Deauville

    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.

  • March 21, 2025

    Hail Deductible Applicable In Colo. Townhomes' Storm Dispute

    A homeowners association's insurer correctly applied a hail deductible when it issued a roughly $1,600 payment despite the association's $3.5 million damage estimate, a Colorado federal court ruled Friday, rejecting the association's argument that the deductible became void once the insurer breached the policy by underpaying coverage.

  • March 21, 2025

    Loan Servicer Faces 'Zombie Mortgage' Truth In Lending Suit

    A mortgage loan servicer that allegedly tried to charge a North Carolina borrower $160,000 for a mortgage he discharged in bankruptcy during the Great Recession got hit with a proposed federal class action accusing it and a trust that purportedly attempted to foreclose his house of violating the Truth in Lending Act.

  • March 21, 2025

    Cole Schotz Guides Chetrit's $268M Loan For NYC Properties

    Developer The Chetrit Group LLC borrowed more than $268 million from real estate investment firm G4 Capital Partners for properties in New York's Upper East Side neighborhood, in a deal worked on by Cole Schotz PC, according to official property records.

  • March 21, 2025

    Seyfarth Shaw Guides $144M Brooklyn Project Financing

    Full-service real estate firm Watermark Capital Group borrowed more than $144 million from S3 Capital in a deal guided by Seyfarth Shaw LLP for a commercial real estate property that's the site of a major residential project located in Brooklyn's Sunset Park neighborhood, according to property records filed Friday.

  • March 21, 2025

    Miami Beach Gives Deauville, Towers Project Early OK

    The Miami Beach Commission voted in favor of requested land-use changes that would allow the owners of the historic Deauville Beach Resort to rebuild the hotel and add two large residential towers to the property, a project almost universally lauded in the meeting.

  • March 21, 2025

    Mich. Judge Dismisses $217M Dam Repair Tax Challenge

    A Michigan federal judge has dismissed a pair of lawsuits alleging a $217 million special assessment to fund the reconstruction of dams destroyed in 2020 floods was unfairly levied on certain properties, finding homeowners had the opportunity to oppose the assessment and litigate their claims in state court.

  • March 21, 2025

    3rd Circ. Takes On NJ Judicial Privacy Law's Constitutionality

    The Third Circuit has granted requests by several data brokers to review a lower court judge's ruling that New Jersey's judicial privacy and security measure, known as Daniel's Law, is constitutional.

  • March 21, 2025

    Taxation With Representation: Cravath, Paul Weiss, Cooley

    In this week's Taxation With Representation, Google acquires Wiz, QXO Inc. acquires Beacon Roofing Supply, and the Boston Celtics are bought by a group led by private equity firm co-founder William Chisholm.

  • March 20, 2025

    State Farm's Calif. Rate Request Exemplifies Long Negotiation

    California regulators' provisional approval of State Farm's premium increase request following the Los Angeles fires is another step forward in an insurance reform process that insurance pros view as a negotiation that has been protracted to the detriment of consumers.

  • March 20, 2025

    LA Hit With Sanctions Request In Encampment Sweep Lawsuit

    Homeless residents accused the Los Angeles City Attorney's Office of hiding documents they requested in their suit challenging the constitutionality of encampment sweeps, asking a California federal court for case-ending sanctions for the second time in two weeks.

  • March 20, 2025

    Office-To-Residential Efforts Offer Pain And Potential

    With an estimated 1 billion square feet of office space currently vacant across the country and housing affordability a widespread concern, office-to-residential conversions have obvious appeal. But experts speaking at a multifamily housing event this month said while these projects can ultimately turn out great, the challenges in completing them will prevent the volume needed to solve the nation's housing crisis.

  • March 20, 2025

    Extell Shrinks Height For Planned NYC 5th Ave. Tower

    Extell Development reduced the height of a once-proposed 78-story tower on Manhattan's Fifth Ave. down to 32 stories tall, according to recent filings with the New York City Department of Buildings, and Law360 has removed the project from its Tall Buildings Tracker.

  • March 20, 2025

    Baron Property Clinches $206M Loan To Build Fla. Rentals

    Baron Property Group borrowed $206 million from investment advisory firm Post Road Group to build its 661-unit Metro Parc North residential project in Hialeah, Florida, according to a March 20 announcement.

  • March 20, 2025

    4th Circ. Leery Of Reviving Class Claims In Lending Bias Suit

    A group of borrowers faced an uphill battle Thursday trying to convince the Fourth Circuit to revive their class claims accusing Navy Federal Credit Union of discriminatory lending practices, with one judge chastising what he said were attempts to rewrite the complaint.

  • March 20, 2025

    Jurisdictional Uncertainty Helps Preserve Ill. Tax Bias Suit

    Cook County property owners who mistakenly brought discriminatory assessment accusations in state court before taking their allegations to federal court can continue pursuing those claims, an Illinois judge said, rejecting the county's timeliness challenge. 

  • March 20, 2025

    4 Firms Help Seal $11B QXO, Beacon Deal After Buyout Battle

    QXO Inc. said Thursday it has agreed to acquire Beacon Roofing Supply Inc. for $11 billion following an at-times contentious takeover attempt that included Beacon's rejection of a prior QXO buyout proposal, in a deal guided by four law firms.

  • March 19, 2025

    Toxic-Loft Suits Too Late, But Owners Share Blame, Jury Says

    A California state jury in Los Angeles found Wednesday that 20 residents of an art loft building waited too long to file toxic exposure claims, but suggested that the building owners caused the delays, triggering further proceedings before a judge.

  • March 19, 2025

    Your Competition Is Probably Investing In Their Clients

    Legal advisers typically sit beside, not across, from their clients, and advise on deals rather than take part in them.

  • March 19, 2025

    Swiss Investor Can't Revive $230M Czech Republic Claim

    A Swiss company with failed plans to develop a Prague residential complex has lost its bid to revive a $230 million damages claim against the Czech Republic based on arguments that the arbitrators had not adequately considered the fallout after the company rebuffed a local official's bribe request.

  • March 19, 2025

    Fla. Court Affirms Boardwalk Easement, Despite Defunct Law

    Florida's First District Court of Appeal confirmed Wednesday that Walton County, Florida, had a right to a public easement on a beach, finding it need not have exercised that right before the federal government repealed the law under which the land was conveyed to private owners.

  • March 19, 2025

    QXO Pushes Deadline As Beacon Takeover Talks Press On

    QXO extended its Tuesday deadline for Beacon Roofing Supply Inc. shareholders to tender their shares until Wednesday, after announcing earlier in the month that friendly discussions had begun amid the once-hostile takeover bid.

  • March 19, 2025

    The Latest On Short-Term Rental Policies, Litigation

    The practice of short-term renting in the U.S. remains contentious, with some claiming it disrupts communities and undercuts local hotels, and others viewing it as extra money for property owners.

  • March 19, 2025

    SDS Capital Fronting $1B For Multifamily, Affordable Housing

    SDS Capital Group has launched a new $1 billion debt platform that will finance multifamily and affordable housing properties across the United States, according to an announcement from the company Wednesday.

  • March 19, 2025

    LA City Office Claims Group Ran Illegal STR Scheme

    A group advertised and rented out illegal short-term and long-term rentals in Los Angeles and also illegally jacked up rent prices after the January wildfires occurred in LA, the LA City Attorney's Office alleged in a state court suit.

Expert Analysis

  • The Story Of 2024's Biggest Bank Regs, And Their Fate In 2025

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    U.S. federal bank regulators were very active in 2024 with initiatives ranging from antitrust and capital to proposals regarding controlling shareholders and incentive-based compensation, but many regulations face an uncertain future under the new administration, say attorneys at Latham.

  • Conducting A 'Reasonably Expected Market Area' Analysis

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    Regardless of whether the incoming administration scales back on redlining examinations and investigations, lenders should take steps to understand how regulators define "reasonably expected market areas," and how to conduct analyses of such areas, say attorneys at Mitchell Sandler.

  • Adapting Force Majeure To A Predictably Unpredictable World

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    As the climate and political landscapes get more complicated, force majeure provisions will likely be triggered increasingly often, demanding an evolving understanding of when events and their impacts are truly unforeseeable, say attorneys at Nossaman.

  • Impact Of Corporate Transparency Act Ambiguity On Banks

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    Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.

  • Strategies For Home Equity Investment Providers In 2025

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    The home equity investment product market is thriving even amid consumer concerns, regulatory scrutiny and conflicting court decisions, setting the stage for a promising but challenging environment for providers in 2025, say attorneys at Sheppard Mullin.

  • What Interest Rate Cuts Mean For Housing Markets

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    The Federal Reserve's recent reduction of interest rates may provide limited immediate relief for real estate sectors, but offers potential opportunities for commercial real estate investors and construction firms, which now face an environment ripe for new projects, say attorneys at Cozen O'Connor.

  • California Supreme Court's Year In Review

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    Attorneys at Horvitz & Levy highlight notable decisions on major questions from the California Supreme Court's last term, including voter initiatives, hostile work environment and the economic loss rule.

  • How CFIUS' Updated Framework Affects Global Investors

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    The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.

  • 'Reverse Redlining' Suit Reveals Language Risks For Lenders

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    The Justice Department's case against consumer finance provider Colony Ridge highlights the government's focus on lending to consumers with limited English proficiency and the risks of generating marketing materials in other languages while conducting actual transactions in English, say attorneys at Goodwin.

  • Hurricane Coverage Ruling Clarifies Appraisal Scope In Fla.

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    In a case involving property insurance for hurricane damage, a Florida federal court recently enforced policy limits despite an appraisal award exceeding those limits, underscoring the boundaries between valuation and coverage — a distinction that provides valuable guidance for insurers handling post-catastrophe claims, says Tiffany Bustamante at Cozen O’Connor.

  • Feds May Have Overstepped In Suit Against Mortgage Lender

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    The U.S. Department of Justice's lawsuit against Rocket Mortgage goes too far in attempting to combat racial bias and appears to fail on the fatal flaw that mortgage lenders should be at arm's length from appraisers, says Drew Ketterer at Ketterer & Ketterer.

  • Foreclosing Lenders Still Floating In Murky Legal Waters In NY

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    The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.

  • Philly's Algorithmic Rent Ban Furthers Antitrust Policy Trends

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    A Philadelphia bill banning the use of algorithmic software to set rent prices and manage occupancy rates is indicative of growing scrutiny of this technology, and reflects broader policy trends of adapting traditional antitrust principles to respond to new technology, say attorneys at Ballard Spahr.