Residential

  • June 03, 2024

    Allen Matkins Lands 5-Atty Goodwin Real Estate Team In Calif.

    Allen Matkins Leck Gamble Mallory & Natsis LLP announced Monday that it has picked up a real estate transaction team from Goodwin Procter LLP in California with three partners, a senior counsel and an associate attorney.

  • June 03, 2024

    NYC Condo Board Blames Damages On Seyfarth Atty

    The board of managers for a condominium building in Manhattan wants more than $1 million in damages from its former Seyfarth Shaw LLP attorney, who the board argues hurt it in litigation with the owner of a building unit by presenting "frivolous" and "bad faith" arguments.

  • June 03, 2024

    Conn. To Require Interest Waivers For Some Delinquent Taxes

    Connecticut will require municipal tax collectors to waive interest on delinquent property taxes when the delinquency is determined to be due to a mistake by a tax collector or assessor and not the taxpayer's fault under a bill signed by the governor.

  • June 03, 2024

    Ohio Property Sale Price Not Timely Enough To Raise Value

    An Ohio property made up of four lots was properly valued and should not have its value increased based on a 2017 sale, because the sale was not timely, the state Board of Tax Appeals ruled.

  • June 03, 2024

    Common Co-Living Company Files For Ch. 7 Liquidation

    The co-living company Common, which aimed to modernize apartment rentals and merged with Germany's venture backed Habyt in January 2023, filed for Chapter 7 liquidation in Delaware, listing between $10 million and $50 million of liabilities.

  • June 03, 2024

    Minn. Tax Court Lowers Home Value Over Native Burial Mound

    The valuation of a lakeside parcel including a legally protected Native American burial mound must be lowered because a split of the property as envisioned by assessors would have been unlikely to gain the needed approvals, the Minnesota Tax Court said.

  • June 03, 2024

    Nursing Home Co. LaVie Hits Ch. 11 In Ga. With $1.1B Debt

    Nursing home operator LaVie Care Centers LLC hit Chapter 11 on Monday in Georgia with $1.1 billion in debt, saying it has not been able to recover from the COVID-19 pandemic.

  • May 31, 2024

    Zillow Rival Tells 9th Circ. Listing Snub Not 'Optional'

    Defunct brokerage platform REX-Real Estate Exchange Inc. urged the Ninth Circuit to revive its deceptive practices suit against Zillow, arguing a Washington federal judge wrongly let the property listing giant off the hook for relegating REX home sale listings to a secondary tab on its website.

  • May 31, 2024

    Judge Axes Class Claims In Navy Federal Discrimination Suit

    A Virginia federal judge has cut claims and denied class certification in a suit accusing Navy Federal Credit Union of racial lending discrimination, saying the statistical evidence from media reports does not establish intentional discrimination.

  • May 31, 2024

    Colo. Establishes Middle-Income Housing Tax Credits

    Colorado is creating a pilot program to provide a tax credit for developers of housing aimed at middle-income residents under a bill signed into law by Gov. Jared Polis.

  • May 31, 2024

    NYC Landlord Inks Deal To End Wage Theft Suit

    A former maintenance worker has agreed in principle to settle his proposed wage theft collective action against a New York City landlord and its property manager, according to a letter filed Friday in New York federal court.

  • May 31, 2024

    IRS Can Seek Tax Beyond Bankruptcy Deal, 11th Circ. Affirms

    A deal between the IRS and an Alabama real estate developer to settle his tax debt for $2 million during Chapter 11 bankruptcy proceedings wasn't final, and the agency can demand additional taxes from him, the Eleventh Circuit affirmed Friday.

  • May 31, 2024

    Race Bias Suit Against Ga. Housing Authority Trimmed

    A Georgia federal judge has narrowed the scope of a civil rights lawsuit filed by a woman who said she was denied a senior position with a local housing authority after leaders found out she'd sued her prior employer, tossing several claims Friday against the ex-chairman of the authority's board.

  • May 31, 2024

    Kirkland Guides Town Lane To $1.25B Debut Real Estate Fund

    Kirkland & Ellis LLP advised the close of an inaugural, $1.25 billion fund for Town Lane, a real estate firm founded by a brother-sister duo with decades of combined experience at Blackstone and Sycamore Partners, according to a Friday news release.

  • May 31, 2024

    Colo. Justices Agree To Weigh In On Blackstone Lease Row

    Colorado's high court agreed Wednesday to answer two key questions in a putative class action against Blackstone subsidiaries, after a federal judge said tenants' claims alleging the companies' lease agreements violate state law present novel legal issues with little case law to provide guidance.

  • May 31, 2024

    Former Miami City Atty Must Face Real Estate Fraud Suit

    A former Miami city attorney can't escape a lawsuit that alleges she aided her husband in a real estate fraud scheme after a Florida state appeals court found the complaint had sufficient allegations to survive her sovereign immunity assertions.

  • May 31, 2024

    4th Circ. Won't Revive NC Homeowners' Storm Coverage Suit

    The Fourth Circuit refused on Friday to revive a suit brought by the owners of a North Carolina beach house accusing certain underwriters at Lloyd's London of stalling a $1 million payout over hurricane damage.

  • May 31, 2024

    Judge Rejects Home Service Workers' Class Cert. Redo Bid

    A Colorado federal judge once again refused to fully certify a putative class of home service professionals who accused HomeAdvisor Inc. and other parties of running a scheme where poor quality customer leads were generated and sold to home service professionals.

  • May 31, 2024

    NJ Judge Says Mortgage Lender's Counterclaim Falls Flat

    A New Jersey federal judge tossed an unfair competition counterclaim brought by Nationwide Mortgage Bankers Inc. in a trade secrets suit by its rival Paramount Residential Mortgage Group, ruling that Nationwide Mortgage's counterclaim allegations do not actually count as unfair competition under Garden State law.

  • May 30, 2024

    CFPB To Probe 'Junk Fees' In Mortgage Closing Costs

    The Consumer Financial Protection Bureau said Thursday that it will scrutinize how "junk fees" may be making it more expensive to purchase a home, kicking off a broad inquiry that could presage a crackdown on rising mortgage closing costs.

  • May 30, 2024

    Real Estate Investor Beats Niece's Suit Over Fall At LA Home

    Real estate investor and philanthropist Stanley Black can't be held liable for injuries suffered by his niece when she tripped and fell on the driveway of his Sunset Boulevard mansion, a California state appeals court has ruled, saying there's no evidence of defects on the driveway she walked on many times before.

  • May 30, 2024

    Colo. Creates Low-Income Housing Investment Tax Credit

    Colorado will allow an income tax credit for investments in certain low-income housing projects and increase the amount of affordable housing tax credits it offers under a bill signed Thursday by Democratic Gov. Jared Polis.

  • May 30, 2024

    Mass. Foreclosure Law May Be Unconstitutional, Judge Says

    A Massachusetts law blocking towns and cities from returning excess funds from foreclosure sales may be an unconstitutional taking, a federal judge has said.

  • May 30, 2024

    2 Firms Guide $84M Loan For Fla. Multifamily Project

    Centennial Bank inked an $84.4 million loan for the joint venture behind a multifamily development in Fort Lauderdale, Florida, which secured local support with plans to reserve 10% of the units at workforce housing levels of affordability.

  • May 30, 2024

    Interest Rates Knock Pending Home Sales, NAR Says

    Pending home sales in the U.S. declined by 7.4% in April year-over-year, and rising interest rates are to blame, the National Association of Realtors said May 30.

Expert Analysis

  • Brownfield Renewables Guidance Leaves Site Eligibility Murky

    Author Photo

    Recent IRS guidance sheds some light on the Inflation Reduction Act's incentives for renewable energy development on contaminated sites — but the eligibility of certain sites for brownfield status remains uncertain, say Megan Caldwell and Jon Micah Goeller at Husch Blackwell.

  • Pending Legislation Holds Promise For SF Buildings

    Author Photo

    Recently introduced state and local legislation could make it easier for office-to-residential conversion projects in San Francisco to secure approval and funding sources, although financial incentives similar to those implemented by other states may be necessary to ensure the feasibility of such projects, say Caroline Chase and Nick DuBroff at Allen Matkins.

  • A Breakdown Of Freddie Mac's New Servicer Custody Rules

    Author Photo

    Freddie Mac's new custodial account requirements are mostly straightforward, but even full compliance with those obligations can't eliminate the risk of unexpected bank failures, so servicers should review the ratings of their depositories and create procedures for evaluating them, says Eric Edwardson at Mayer Brown.

  • Ghosting In BigLaw: Why Better Feedback Habits Are Needed

    Author Photo

    Not giving assignments or constructive criticism to junior associates can significantly affect their performance and hours, potentially leading them to leave the firm, but partners can prevent this by asking the right questions and creating a culture of feedback, says Rachel Patterson at Orrick.

  • Law Needs A Balance Between Humanism And Formalism

    Author Photo

    A recent Law360 guest article rightly questions the pretextual pseudo-originalism that permits ideology to masquerade as judicial philosophy, but the cure would kill the patient because directness, simplicity and humanness are achievable without renouncing form or sacrificing stare decisis, says Vanessa Kubota at the Arizona Court of Appeals.

  • Short Message Data Challenges In E-Discovery

    Author Photo

    As short message platforms increasingly dominate work environments, lawyers face multiple programs, different communication styles and emoji in e-discovery, so they must consider new strategies to adapt their processes, says Cristin Traylor at Relativity.

  • Ambiguity In 'Buy America' Implementation May Slow Projects

    Author Photo

    The White House Office of Management and Budget's most recent guidance, which builds on a complex patchwork of Buy America restrictions that vary by federal agency, would perpetuate government contractors' uncertainty regarding product and material classification and could delay infrastructure projects, say attorneys at Miles & Stockbridge.

  • Thomas Report Is Final Straw — High Court Needs Ethics Code

    Author Photo

    As a recent report on Justice Clarence Thomas' ongoing conflicts of interest makes evident, Supreme Court justices should be subject to an enforceable and binding code of ethics — like all other federal judges — to maintain the credibility of the institution, says Erica Salmon Byrne at Ethisphere.

  • La. Suit Could Set New Enviro Justice Litigation Paradigm

    Author Photo

    Inclusive Louisiana v. St. James Parish, a lawsuit filed recently in Louisiana federal court that makes wide-ranging and novel constitutional and statutory claims of environmental racism based on centuries of local history, could become a new template for environmental justice litigation against governments and businesses, say attorneys at King & Spalding.

  • Lawyer Discernment Is Critical In The World Of AI

    Author Photo

    In light of growing practical concerns about risks and challenges posed by artificial intelligence, lawyers' experience with the skill of discernment will position them to help address new ethical and moral dilemmas and ensure that AI is developed and deployed in a way that benefits society as a whole, says Jennifer Gibbs at Zelle.

  • Don't Forget Alumni Engagement When Merging Law Firms

    Author Photo

    Neglecting law firm alumni programs after a merger can sever the deep connections attorneys have with their former firms, but by combining good data management and creating new opportunities to reconnect, firms can make every member in their expanded network of colleagues feel valued, say Clare Roath and Erin Warner at Troutman Pepper.

  • Every Lawyer Can Act To Prevent Peer Suicide

    Author Photo

    Members of the legal industry can help prevent suicide among their colleagues, and better protect their own mental health, by learning the predictors and symptoms of depression among attorneys and knowing when and how to get practical aid to peers in crisis, says Joan Bibelhausen at Minnesota Lawyers Concerned for Lawyers.

  • Issues For Housing Credit Investors Following Bank Failures

    Author Photo

    Amid the uncertainty caused by the bank failures last month, low-income housing tax credit investors may want to revisit underwriting criteria for their equity guarantors and certain provisions under their partnership agreements, say Brad Butler and Maci Followell at Frost Brown.