Residential

  • June 27, 2024

    Susan Sarandon Can Get Home Contractor's Bank Records

    A Massachusetts credit union must give Hollywood star Susan Sarandon some of the personal financial records of a contractor who she says failed to properly oversee construction of her $2 million sustainable home in Vermont, a federal magistrate judge ruled Wednesday.

  • June 27, 2024

    SEC Sues Fla. Loan Website, CEO Over 'Fictitious' Revenue

    A purported online lender and its CEO face U.S. Securities and Exchange Commission allegations that the company's reported revenue for certain periods was "a figment" of the CEO's imagination.

  • June 27, 2024

    Greenberg Traurig Guides $97M NYC Multifamily Loans

    Developer Elie Fouerti has secured a $96.9 million mortgage from Goldman Sachs for a series of properties in Manhattan's East Harlem neighborhood where Fouerti Realty plans to construct a mixed-use development with affordable housing, in a deal guided by Greenberg Traurig LLP.

  • June 26, 2024

    Insurers Look To Tech Solutions To Reduce Water Damage

    Two insurers have announced new emphasis on property technology solutions in recent days as a strategy for reducing the risk from water damage, a major source of claims for property owners and operators that leads to billions of dollars in payouts each year.

  • June 26, 2024

    Window Seal Maker Can't Nix Condo's Faulty Glass Panel Suit

    A Washington federal judge on Tuesday refused to free a window component maker from a lawsuit claiming it helped conceal defects in a Seattle condominium's windows, saying the court had personal jurisdiction because the alleged wrongdoing was characterized as a deliberate act that affected a large number of actual Washington consumers.

  • June 26, 2024

    Colo. County's Short-Term Rental Regs Survive Challenge

    A Colorado federal court has upheld a county's ordinance limiting short-term rentals in residential areas, finding it doesn't violate the 14th Amendment's equal protection clause just because it doesn't apply in areas zoned for resorts.

  • June 26, 2024

    Conn. Firm Settles Suit Against Insurer Over Office Damage

    A Connecticut law firm and a real estate company on Wednesday agreed to drop a federal lawsuit accusing their insurer of failing to fully cover damage from a leak at their New Haven offices, less than two weeks after the insurer notified the court of a pending settlement, court records show.

  • June 26, 2024

    NJ, Pa. Apartment Co. Accused Of Migrant Discrimination

    A Guatemalan immigrant who has received protections under the Deferred Action for Childhood Arrivals program accused a real estate development and management company of alienage discrimination on Wednesday after she was informed that the company could not accept her housing applications without a valid permanent resident card or visa.

  • June 26, 2024

    Mack Real Estate Faces $189M NYC Apt. Foreclosure Suits

    Mack Real Estate Group is facing a spate of foreclosure suits covering 37 multifamily buildings in Manhattan's East Harlem neighborhood, which allege the property owner is on the hook for $189 million in Freddie Mac loans.

  • June 26, 2024

    Orbital Witness Offers Property Diligence AI With Confidence

    London-based Orbital Witness has built an AI assistant focused on the laborious task of property due diligence and backed it with what it calls a first-of-its-kind AI insurance.

  • June 26, 2024

    Tenants Say REIT Owes $26M For Illegal Late Fees

    A certified class of about 190,000 tenants urged a California federal court to grant them a final judgment of more than $26.1 million in their class action accusing real estate investment trust Equity Residential of charging them excessive fees for late rent.

  • June 26, 2024

    $10B AIR-Blackstone Deal Set To Close After Investor Nod

    Denver-based Apartment Income REIT Corp.'s shareholders have approved an agreement to sell off the real estate investment trust to private equity giant Blackstone for $10 billion, paving the way for its close within the next several days.

  • June 26, 2024

    HUD Official On 'Exploitative' Plays In Manufactured Housing

    Private equity owners of manufactured home projects sometimes take advantage of the affordable housing crunch by raising rents, so the U.S. Department of Housing and Urban Development is offering financing to give those communities a chance to run themselves, a senior staffer said.

  • June 26, 2024

    HUD Unveils $185M Program To Bolster Housing Production

    The U.S. Department of Housing and Urban Development announced Wednesday that the agency has earmarked $85 million in grants to help 21 cities remove barriers to building new housing stock, adding that another $100 million will be awarded later this summer.

  • June 25, 2024

    Warhol, Monet Artwork Forfeited To US In 1MDB Clawback

    Andy Warhol and Claude Monet paintings are among the items that will be forfeited to the United States as part of a deal resolving the government's civil complaints looking to recover assets allegedly related to money laundering by a Malaysian state-owned investment fund, according to a consent judgment entered Monday.

  • June 25, 2024

    Va. Judge Tosses Bulk Of Brookfield Homebuyer Class Claims

    A Virginia federal judge on Tuesday dismissed most of a proposed class action filed by homebuyers who allege Brookfield Asset Management Inc. entities built their homes without being licensed and left them with construction problems and invalidated warranties.

  • June 25, 2024

    $3M Broker Commission Deal Stayed To Await NAR Settlement

    A Massachusetts federal court will not consider a $3 million settlement reached between home sellers and a multiple listing service over broker commission rules until after a decision on a much larger settlement in the separate sprawling case against the National Association of Realtors.

  • June 25, 2024

    LaVie Creditors Object To Landlord-Backed DIP Package

    Unsecured creditors in the Chapter 11 case of nursing facility operator LaVie Care Centers have told a Georgia bankruptcy judge they oppose a proposed debtor-in-possession funding package, saying one of the lenders is the debtor's biggest landlord and would be getting an inappropriately advantageous deal.

  • June 25, 2024

    DC Council OKs Tax Hikes On High-End Property, Payroll

    Washington, D.C., would impose a special tax rate on high-end residential properties, boost the premium for the district's paid leave program and make other tax and spending changes under legislation passed Tuesday by the district council.

  • June 25, 2024

    Military Families, Army Housing Managers Reach Settlement

    A putative class of service members and their families, and a military housing landlord and the property managers urged a Virginia federal court on Tuesday to approve the global settlement of the putative class's claims alleging that the landlord and the property managers neglected the conditions of their military housing in a U.S. Army base in Fairfax, Virginia.

  • June 25, 2024

    Gibson Dunn, Troutman Rep $2.1B Multifamily Deal

    KKR & Co. Inc., advised by Gibson Dunn & Crutcher LLP, paid $2.1 billion to buy a portfolio of 18 apartment properties from Quarterra Multifamily, guided by Troutman Pepper Hamilton Sanders LLP, the private equity giant announced Tuesday.

  • June 25, 2024

    Ariz. Court Slashes Value Of Low-Income Housing Complex

    An Arizona housing complex subject to restrictions related to federal low-income housing tax credits was overvalued by a local assessor, the Arizona Tax Court said, slashing the valuation of the property by about three-fourths.

  • June 25, 2024

    Meadow Partners Raises $530M For Latest Real Estate Fund

    Real estate investment manager Meadow Partners announced Tuesday it raised $530 million for the sixth installment of its flagship real estate fund, with capital commitments from a mix of new investors and longtime partners.

  • June 25, 2024

    How Real Estate Attys Should Prep For Possible Chevron Shift

    The U.S. Supreme Court is likely only days away from deciding on the future of Chevron deference, a potential change that Holland & Knight LLP partner Lynn Calkins and her team expect to have widespread real estate ramifications touching everything from federal policy to local zoning.

  • June 24, 2024

    Lloyd's Seeks To Avoid Coverage For Beach Umbrella Death

    Certain underwriters at Lloyd's, London told a South Carolina federal court Monday they should have no coverage obligations to a vacation rental owner over a wrongful death suit alleging that a woman was impaled by a "wind-driven" beach umbrella.

Expert Analysis

  • What Calif. Eviction Ruling Means For Defaulting Borrowers

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    A California appellate court's recent decision in Homeward Opportunities v. Taptelis found that a defaulting borrower could not delay foreclosure with an improperly served notice of pendency of action, but leaves open a possibility for borrowers to delay eviction proceedings merely by filing lawsuits, say Anne Beehler and Krystal Anderson at Holland & Knight.

  • How 3D Printing And Prefab Are Changing Construction

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    The growing popularity of trends like 3D printing technology and prefabrication in the construction industry have positive ramifications ranging from reducing risks at project sites to streamlining construction schedules, say Josephine Bahn and Jeffery Mullen at Cozen O'Connor.

  • Wave Of Final Rules Reflects Race Against CRA Deadline

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    The flurry of final rules now leaping off the Federal Register press — some of which will affect entire industries and millions of Americans — shows President Joe Biden's determination to protect his regulatory legacy from reversal by the next Congress, given the impending statutory look-back period under the Congressional Review Act, say attorneys at Jenner & Block.

  • A Deep Dive Into High Court's Permit Fee Ruling

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    David Robinson and Daniel Golub at Holland & Knight explore the U.S. Supreme Court's recent ruling that a local traffic impact fee charged to a California property owner may be a Fifth Amendment taking — and where it leaves localities and real estate developers.

  • The Case For Overturning Florida Foreclosure Ruling

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    A Florida appellate court's recent decision in Desbrunes v. U.S. Bank National Association will potentially put foreclosure cases across the state in jeopardy, and unless it is reconsidered, foreclosing plaintiffs will need to choose between frustrating and uncertain options in the new legal landscape, say Sara Accardi and Paige Knight at Bradley.

  • Bracing For The CFPB's War On Mortgage Fees

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    As the Consumer Financial Protection Bureau homes in on the legality of certain residential mortgage fees, the industry should consult the bureau's steady stream of consumer lending guidance for hints on its priorities, say Nanci Weissgold and Melissa Malpass at Alston & Bird.

  • DOJ Consent Orders Chart Road Map For Lending Compliance

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    Two recent consent orders issued by the U.S. Department of Justice as part of its efforts to fight mortgage lending discrimination highlight issues that pose fair lending compliance risks, and should be carefully studied by banks to avoid enforcement actions, says Memrie Fortenberry at Jones Walker.

  • Reverse Veil-Piercing Ruling Will Help Judgment Creditors

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    A New York federal court’s recent decision in Citibank v. Aralpa Holdings, finding two corporate entities liable for a judgment issued against a Mexican businessman, shows the value of reverse veil piercing as a remedy for judgment creditors to go after sophisticated debtors who squirrel away assets, says Gabe Bluestone at Omni Bridgeway.

  • Calif. Housing Overhaul May Increase Pressure On Landlords

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    Two recently enacted California laws signal new protections and legal benefits for tenants, but also elevate landlords' financial exposure at a time when they are already facing multiple other hardships, says Laya Dogmetchi at Much Shelist.

  • New Proposal Signals Sharper Enforcement Focus At CFIUS

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    Last week's proposed rule aimed at broadening the Committee on Foreign Investment in the United States' enforcement authority over foreign investments and increasing penalties for violations signals that CFIUS intends to continue expanding its aggressive monitoring of national security issues, say attorneys at Kirkland.

  • Climate Disclosure Mandates Demand A Big-Picture Approach

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    As carbon emissions disclosure requirements from the European Union, California and the U.S. Securities and Exchange Commission take effect, the best practice for companies is not targeted compliance with a given reporting regime, but rather a comprehensive approach to systems assessment and management, says David Smith at Manatt.

  • Playing Hockey Makes Me A Better Lawyer

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    Nearly a lifetime of playing hockey taught me the importance of avoiding burnout in all aspects of life, and the game ultimately ended up providing me with the balance I needed to maintain success in my legal career, says John Riccione at Taft.

  • Illinois EV Charging Act Sparks Developer Concerns

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    A recent state law in Illinois requiring multifamily housing to provide facilities for electric vehicle charging raises significant concerns for developers over existing infrastructure that isn't up to the task, says Max Kanter at Much Shelist.