Residential

  • April 10, 2025

    Terra, Fortune Team Up For $205M Fla. Village Buy

    Developers Terra and Fortune International Group have purchased a former oceanfront resort property in the village of Key Biscayne, Florida, for $205 million, and they plan on developing a 56-unit "ultra-luxury" condominium building there, according to a Thursday announcement.

  • April 10, 2025

    Del. Justices Urged To Revive Gellert Seitz Malpractice Case

    A homebuilder is asking the Delaware Supreme Court to undo Gellert Seitz Busenkell & Brown LLC's win in a legal malpractice case over damages the builder says it suffered due to negligent representation in loan restructuring disputes with a bank.

  • April 10, 2025

    Rocket Mortgage Says Feds Can't Scuttle Appraisal Suit

    Rocket Mortgage LLC is fighting back against the U.S. Department of Housing and Urban Development's bid to dismiss the mortgage lender's suit, arguing in Colorado federal court that HUD is unlawfully forcing the company to change a residential appraisal that was allegedly discriminatory.

  • April 09, 2025

    Fla. Investigator Sued Over Tossed Insurance Fraud Cases

    A Florida man accused of home insurance fraud and who later had his cases tossed by for lack of evidence has sued the criminal investigator who referred the charges, alleging a false set of facts that were negligently provided to state attorneys led to his malicious prosecution. 

  • April 09, 2025

    Dechert Leaders Talk Commercial Mortgage-Backed Securities

    After a few slow years, activity in the commercial mortgage-backed securities market has roared back to life, as investors, lenders and borrowers get comfortable with the new normal and find ways to get deals done, according to Laura Swihart and Stewart McQueen of Dechert LLP.

  • April 09, 2025

    NJ Will Pay $15M To Settle County's Casino Tax Break Lawsuit

    Atlantic County and the state of New Jersey have reached a $15 million settlement over a dispute related to a property tax break program for casinos that the county argued unconstitutionally shifted the tax burden to its municipalities.

  • April 09, 2025

    LA City Atty Cops To Altering Docs, Urges Sanctions Restraint

    The Los Angeles City Attorney's Office has admitted to destroying and modifying evidence tied to homeless residents' lawsuit challenging the constitutionality of encampment sweeps, while telling a California federal court the punitive sanctions those residents seek are too harsh a remedy.

  • April 09, 2025

    Ill. Real Estate Broker Gets 4 Years For $3M Investment Scam

    A Chicago real estate broker has been sentenced to more than four years in prison after pleading guilty last year to allegations he duped clients into investing millions of dollars in properties that did not exist and then used the investors' funds for personal expenses, federal prosecutors announced Wednesday.

  • April 09, 2025

    Banks Back Private Credit's Rise. Should Borrowers Care?

    Banks provide back-financing in most real estate private credit deals and often have a say on what happens when a loan goes bad, but attorneys have different opinions about whether borrowers should be tuned into what's going on with their debt behind the scenes.

  • April 09, 2025

    2 Firms Advise $100M Securitization After Texas Portfolio Loan

    Two firms said Wednesday that they advised a $100 million securitization for Third Coast Bank after the Texas-based lender originated a $200 million loan for the purchase of 11 master-planned communities underway in Houston, Dallas and Austin.

  • April 09, 2025

    Game On As AppWork Seeks Edge In Multifamily Maintenance

    In a crowded field of technology products aiming to improve maintenance operations for multifamily properties, the platform AppWork is looking to stand out with greater focus on the technicians, including through an innovative gamification approach.

  • April 09, 2025

    Mortgage Co. Can't Toss 401(k) Mismanagement Suit

    A North Carolina federal judge refused to toss a proposed class action against Republic Mortgage Insurance Co. from an ex-worker who alleged his 401(k) plan was mismanaged, finding allegations were backed up with enough evidence to proceed to discovery.

  • April 09, 2025

    Invictus Finalizes $155M Loan For Miami Condos

    Invictus Real Estate Partners and Integritas Capital have closed on a $155 million construction loan for a Miami condominium project, according to a Wednesday announcement.

  • April 09, 2025

    Holders Of Section 8 Vouchers Sue Housing Agency Over Rent

    A proposed class of people who receive Section 8 vouchers from the New York City Housing Authority are accusing the agency of unlawfully allowing certain landlords to raise their rents so high that their tenants risk being evicted.

  • April 09, 2025

    Colo. Landlord Urges Ax Of Neglect, Junk Fee Class Action

    A multifamily landlord urged a Colorado federal court to dismiss proposed class action claims alleging it allowed maintenance and safety violations to pile up and charged residents surprise junk fees, alleging differences between tenants doom a class action approach.

  • April 08, 2025

    Trump's CFPB Pick Could Be Confirmed By May, Scott Says

    Senate Banking Committee Chairman Tim Scott, R-S.C., said Tuesday that a final confirmation vote could be just weeks away for Jonathan McKernan, who is President Donald Trump's nominee to head up the Consumer Financial Protection Bureau.

  • April 08, 2025

    Expedia's Cuban Island Bookings Were Illegal, Jurors Told

    A Cuban-American man who says he is the rightful heir to an island off the coast of Cuba that was seized by the Communist government told jurors Tuesday that Expedia illegally trafficked in stolen property by offering reservations for resorts on the island through its website.

  • April 08, 2025

    NY High Court Probes If State Emissions Cap Preempts City's

    New York's highest court questioned Tuesday why the state Legislature did not explicitly state that it meant for a 2019 climate law to preempt a law regulating greenhouse gas emissions that New York City passed earlier that year, amid property owners' challenge to the city law.

  • April 08, 2025

    Cushman Atty Transitions In-House As Kidder Mathews GC

    Kidder Mathews announced Monday that it has hired Edward Castro, a 30-year corporate attorney with experience in commercial real estate law, as general counsel advising the company and its 19 West Coast offices.

  • April 08, 2025

    Contractor's Win In Insurance Fraud Suit Upheld By 6th Circ.

    A Sixth Circuit panel affirmed Continental Building Co.'s defeat of a lawsuit that leveled insurance fraud claims at the general contractor, finding a subcontractor failed to trace its losses to Continental's claim that it defaulted on a contract.

  • April 08, 2025

    9th Circ. Wary Of Judge Becoming 'King' Of Veteran Housing

    The Ninth Circuit appeared skeptical Tuesday of a California federal court's decision to establish control over a U.S. Department of Veterans Affairs facility due to inadequate homelessness measures, with one panel member expressing concern the district judge gave himself the overbroad powers of a "king."

  • April 08, 2025

    100 Fannie Mae Workers Fired Over 'Unethical Conduct'

    More than 100 Fannie Mae employees have been let go, the government-sponsored enterprise and the U.S. Federal Housing Finance Agency announced Tuesday, citing "unethical conduct" including fraud as the reason for the terminations.

  • April 08, 2025

    Battery Park City Authority Hires Ex-CBRE Atty As GC

    Former CBRE legal counsel and managing director Elaine Kleinberg has been hired as general counsel for New York state's Battery Park City Authority, the public benefit corporation announced Monday.

  • April 08, 2025

    No Sanctions For DC In RealPage Antitrust Case

    The District of Columbia and its attorneys at Cohen Milstein have escaped a sanctions bid in the district's rental pricing case against RealPage Inc. and local landlords, as one of the building owners also had a motion to dismiss the claims against it denied.

  • April 08, 2025

    Berkshire Unit Looks To Transfer Commission Fee Claims

    Berkshire Hathaway Energy Company is pushing a Missouri federal court to transfer a proposed class action accusing it and other companies of conspiring to artificially inflate buyer-broker commission fees, arguing the claims should be litigated in Iowa federal court instead.

Expert Analysis

  • The Path Forward For Construction Cos. After Calif. Wildfires

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    The increasing frequency of disastrous wildfires, like those that recently occurred in California, presents a set of complex challenges for the construction industry, including regulatory hurdles and supply chain disruptions that can complicate rebuilding efforts, say attorneys at Cozen O'Connor.

  • Know The Rules And Costs Of New Fla. Condo Inspection Law

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    Following the first report deadline for a structural integrity law meant to prevent disasters like the 2021 Surfside collapse, Florida condominium associations and unit owners should understand the process of conducting compliant inspections and anticipate new assessments to fund required maintenance, say attorneys at Ball Janik.

  • Measuring And Mitigating Harm From Discriminatory Taxes

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    In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.

  • Calif. Banking Brief: All The Notable Legal Updates In Q1

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    Among the most notable developments in California banking in the first quarter of the year, regulators and legislators issued regulations interpreting debt collection laws, stepped up enforcement actions, and expanded consumer protections for those affected by wildfires, says Stephen Britt at Severson & Werson.

  • Addressing Tariff Price Escalation In Construction Contracts

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    As construction projects across the U.S. face uncertainty surrounding material price increases driven by government-imposed tariffs, owners and developers should draft strong contracts to protect themselves from tariff-related cost overruns and delays, say attorneys at Akerman.

  • Reconciling 2 Smoke Coverage Cases From California

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    As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on insurance coverage, the February state appellate ruling denying coverage for property damage from smoke, ash and soot should be viewed as an outlier, say attorneys at Reed Smith.

  • How Fla. Is Floating A Raft Of Bills To Stem Insurance Woes

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    Proposed reforms that follow a report skewering Florida's insurance industry offer a step in the right direction in providing relief for property owners, despite some limitations, say attorneys at Farah & Farah.

  • After Fires, Calif. Must Streamline Enviro Reviews For Housing

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    Recent waivers to the California Environmental Quality Act and other laws granted by California Gov. Gavin Newsom to expedite reconstruction of residential property damaged in the Los Angeles wildfires are laudable — but given the state's widespread housing shortage, policymakers should extend the same benefits to other communities, say attorneys at Alston & Bird.

  • Making The Opportunity Zones Program Great At Last

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    As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.

  • How 2025 Is Shaping The Future Of Bank Mergers So Far

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    Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.

  • Why NY May Want To Reconsider Its LLC Transparency Law

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    Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.

  • Dewberry Ruling Is A Wakeup Call For Trademark Owners

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    The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.

  • California Climate Lawsuit Bill Is Constitutionally Flawed

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    A bill in the California Legislature that would let victims of climate-related disasters like the Los Angeles wildfires sue oil and gas producers for spreading misinformation about climate change is too vague, retroactive and focused on one industry to survive constitutional scrutiny, says Kyla Christoffersen Powell at the Civil Justice Association of California.