Residential

  • January 22, 2025

    Neumann's Flow Life Buys Miami Site For $70.5M In Court Sale

    WeWork founder Adam Neumann's latest venture, a real estate company called Flow Life, bought a 16-acre Miami development site in a court-ordered sale for $70.5 million, or double an initial stalking horse bid for the property in October.

  • January 22, 2025

    Hawaii Floats Tax Credit For Some Insurers Of Condos

    Hawaii would allow insurers that cover the full insurable value of a condominium to claim an insurance premium tax credit under a bill introduced in the state House of Representatives.

  • January 22, 2025

    4 California Construction Projects To Watch In 2025

    A number of projects are underway in California, including a plan to build a new neighborhood in the San Francisco Bay Area on a former Navy base, a $5 billion "urban resort" in Beverly Hills and a university housing project in Berkeley that's moving ahead thanks to a court ruling and state law.

  • January 22, 2025

    Minn. Bill Seeks Cap On Property Value Increases

    Minnesota would impose a 3% annual cap on the increase in the assessed market value of a residential property under legislation in the state Senate.

  • January 21, 2025

    Trump Order Targets Housing Costs But With Few Specifics

    Housing affordability received a prominent mention in an executive order that President Donald Trump issued focused on tackling Americans' cost-of-living concerns, but how the new administration will address the issue and what that will mean for the housing market and broader real estate industry remains to be seen.

  • January 21, 2025

    Navy, Tetra Tech Strike $97M Deal Over Navy Cleanup Work

    The U.S. Navy and a Tetra Tech unit have reached two settlements amounting to $97 million, resolving claims the subsidiary billed the Navy for radiation remediation services at a former Navy shipyard in San Francisco that it did not actually perform.

  • January 21, 2025

    SoCal Edison Must Hand Over Data In Eaton Fire Suit

    A Los Angeles County judge ordered Southern California Edison Co. on Tuesday to produce data from its distribution circuits in the Altadena, California, neighborhood to a victim of the Eaton Fire, the first step in litigation over this month's deadly and destructive blaze.

  • January 21, 2025

    Realogy Signs $20M Deal In TCPA Cold Calling Class Action

    Realogy and classes of individuals who allegedly received harassing phone calls from real estate agents in violation of federal telemarketing restrictions urged a California federal court to preliminarily bless their $20 million settlement, with Realogy saying Tuesday that the deal pays more than the classes' claims are worth.

  • January 21, 2025

    La. Judge Lifts Arbitration Order In $7M Ida Damage Case

    A Louisiana federal judge lifted a stay and vacated an order to arbitrate a $7 million Hurricane Ida damage claim against domestic surplus insurers, ruling that a recent decision from Louisiana's top court represents an "'intervening change in the controlling law.'"

  • January 21, 2025

    Calif. AG Warns 200 Landlords, Hotels About Price Gouging

    California Attorney General Rob Bonta has sent more than 200 warning letters to Southern California landlords and hotels accused of price gouging as fires ravaged communities in the Los Angeles area, according to an announcement made Friday.

  • January 21, 2025

    NYC Real Estate Week In Review

    Fried Frank and Skadden are among the law firms that landed work on the largest New York City real estate deals that hit public records last week, with a $355 million Manhattan deal leading the way.

  • January 21, 2025

    Ariz. Gov. Seeks Extension Of Low-Income Housing Tax Credit

    Arizona would extend its low-income housing tax credit for six years under the fiscal year 2026 budget proposal by Gov. Katie Hobbs.

  • January 17, 2025

    Law360 Names Practice Groups Of The Year

    Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2024, which honor the attorney teams behind litigation wins and significant transaction work that resonated throughout the legal industry this past year.

  • January 17, 2025

    Law360 Names Firms Of The Year

    Eight law firms have earned spots as Law360's Firms of the Year, with 54 Practice Group of the Year awards among them, steering some of the largest deals of 2024 and securing high-profile litigation wins, including at the U.S. Supreme Court.

  • January 17, 2025

    Feds Drop Bribery, Fraud Suit Against Ex-New York Lt. Gov.

    Federal prosecutors on Friday dropped a bribery and fraud suit accusing former New York Lt. Gov. Brian Benjamin of using his position to obtain state grant funds in exchange for campaign contributions, noting the death of a New York real estate lawyer who pled guilty as a cooperating witness in 2022.

  • January 17, 2025

    Miami Beach Condo JV Lands $390M Construction Loan

    The joint venture behind Miami Beach luxury condominium project The Perigon announced Friday that it closed on a $390 million construction loan, after beginning construction of the 73-unit development in 2024.

  • January 17, 2025

    Property Plays: Pretium, The Perigon, Stack Infrastructure

    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.

  • January 17, 2025

    Fla. HOA Says Insurer Failed To Pay Or Appraise $9.5M Claim

    A Sunshine State condo association told a Florida federal court Friday that its insurer failed to pay its $9.5 million claim for damages sustained as a result of Hurricane Ian, alleging the insurer didn't meet its policy's terms regarding assigning an appraiser.

  • January 17, 2025

    NJ Beach Access Dispute Should Go To Trial, Panel Says

    A New Jersey appellate court ruled against beachfront property owners embroiled in a dispute over a dune walkover that provided direct access to Normandy Beach, ruling that the validity of one claim should be determined in a trial.

  • January 17, 2025

    Hawaii Bill Seeks To Make Renter Tax Credit Permanent

    Hawaii would make its renters tax credit permanent and change the credit's amounts under a bill introduced in the state House of Representatives.

  • January 17, 2025

    Hawaii Bill Would End Mortgage Deduction For 2nd Homes

    Hawaii would put an end to its state tax deduction for mortgage interest on second homes under a bill introduced in the state Senate.

  • January 17, 2025

    Hawaii Sen. Bill Seeks To Increase Real Property Exemption

    Hawaii would increase its real property exemption beginning in 2026 to combat inflation under a bill introduced in the state Senate.

  • January 17, 2025

    Kirkland Guides Pretium's $550M Homebuilding Loan Fund

    Pretium closed on the investment firm's first homebuilders finance fund after raising $550 million, announcing it expects to originate $5 billion in loans that will back new home construction and renovation with the fund.

  • January 17, 2025

    Litigators Make Up Half Of Ballard Spahr's Promotion Class

    Ballard Spahr LLP unveiled five promotions to partner and seven to of counsel on Wednesday, elevating lawyers for four of its five departments in five cities.

  • January 16, 2025

    Fire-Safe Rebuilding Key To Reducing LA Insurance Issues

    Reducing the potential of fires like those in Los Angeles to disrupt insurance and housing markets will require a significant and sustained effort to lower physical risks in fire-prone communities, and a commitment to rebuilding to stronger standards.

Expert Analysis

  • Inside Bank Regulators' Community Lending Law Overhaul

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    The federal banking agencies' recently finalized changes to the Community Reinvestment Act not only account for the gradual shift to an environment where lending and deposit-taking are primarily conducted online, but also implement other updates such as diversity initiatives and a new series of lending tests, say attorneys at Norton Rose.

  • A Bird's Eye View Of NYC's New Parapet Inspection Law

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    Building owners in New York City should be ready for the city's new parapet inspection requirements going into effect in January, which will likely necessitate additional construction work for countless buildings not previously subject to formal inspections, says Benjamin Fox Tracy at Braverman Greenspun.

  • AI Isn't The Wild West, So Prepare Now For Bias Risks

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    In addition to President Joe Biden's recent historic executive order on safe, secure and trustworthy artificial intelligence, there are existing federal and state laws prohibiting fraud, defamation and even discrimination, so companies considering using or developing AI should take steps to minimize legal and business risks, says civil rights attorney Farhana Khera.

  • AI's Baked-In Bias: What To Watch Out For

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    The federal AI executive order is a direct acknowledgment of the perils of inherent bias in artificial intelligence systems, and highlights the need for legal professionals to thoroughly vet AI systems, including data and sources, algorithms and AI training methods, and more, say Jonathan Hummel and Jonathan Talcott at Ballard Spahr.

  • Calif. Ruling May Open Bankruptcy Trustees To Tort Liability

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    In Martin v. Gladstone, a recent California appellate court decision, the application of tort concepts to bankruptcy trustees could pose a new concern for trustees and federal receivers when controlling and maintaining commercial property, says Jarrett Osborne-Revis at Buchalter.

  • 5th Circ. Ruling May Beget Fraud Jury Instruction Appeals

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    The Fifth Circuit’s recent U.S. v. Greenlaw decision, disapproving disjunctive fraudulent-intent jury instructions, will likely spawn appeals in mail, wire and securities fraud cases, but defendants must show that their deception furthered ends other than taking the victim's property, says Charles Fowler at McKool Smith.

  • Considerations For Navigating Mixed-Use Developments

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    As mixed-use developments continue to rise in popularity, developers considering this approach to urban planning must be aware of key considerations ranging from title and zoning laws to proper engagement with stakeholders, says Mehdi Sinaki at Michelman & Robinson.

  • 1st Tax Easement Convictions Will Likely Embolden DOJ, IRS

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    After recent convictions in the first criminal tax fraud trial over allegedly abusive syndicated conservation easements, the IRS and U.S. Department of Justice will likely pursue other promoters for similar alleged conspiracies — though one acquittal may help attorneys better evaluate their clients' exposure, say Bill Curtis and Lauren DeSantis-Then at Polsinelli.

  • How CRE Loans Would Shift Under New Bank Capital Rules

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    Attorneys at MoFo discuss how commercial real estate loans would fare under federal banking agencies' proposed changes to how large banks risk-weight loans, particularly how CRE loans are weighed based on the current standardized framework versus the proposed expanded approach.

  • Proactive Measures While NY Foreclosure Law Is In Limbo

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    While questions about the scope and constitutionality of New York's Foreclosure Abuse Prevention Act might not be resolved by courts for years, lenders, borrowers and other interested parties can take action to protect their rights and potentially expedite appellate review, say Allison Schoenthal and Andrew Kim at Goodwin.

  • EB-5 Investment Period Clarification Raises More Questions

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    U.S. Citizenship and Immigration Services' recent clarifying guidance for EB-5 investors, specifying that the statutory investment period begins two years from the date of investment, raises as many questions as it answers given related agency requirements and investors' potential contractual obligations, says Daniel Lundy at Klasko Immigration Law Partners.

  • How NY Residential Property Condition Disclosure Is Shifting

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    New York's recent significant amendments to the Property Condition Disclosure Act provide a new focus on the risk and damage from flooding, and the changes will affect the duties and standard of practice for real estate brokers, as well as liability and compliance for sellers and landlords, says Steven Ebert at Cassin & Cassin.

  • Conn. Banking Brief: The Notable Compliance Updates In Q3

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    The most notable legal changes affecting Connecticut financial institutions in the third quarter of 2023 included increased regulatory protections for consumers, an expansion of state financial assistance for underserved communities, and a panoply of tweaks to existing laws, says Brian Rich at Barclay Damon.