Residential

  • May 30, 2024

    Fried Frank, Kirkland Pilot $1.55B Multifamily Portfolio Deal

    Brookfield, advised by Fried Frank Harris Shriver & Jacobson LLP, bought a $1.55 billion portfolio of U.S. multifamily properties from Starwood Capital Group, guided by Kirkland & Ellis LLP, in a recently closed deal, a spokesperson for Starwood confirmed this week.

  • May 30, 2024

    High Court Calls For 2nd Circ. Redo In BofA Preemption Fight

    The U.S. Supreme Court on Thursday threw out a Second Circuit decision that freed Bank of America NA from class action litigation brought over a New York escrow interest law, ruling that the circuit court wasn't "nuanced" enough in finding the law preempted for national banks.

  • May 29, 2024

    Judge Won't Ban Rent Law Tweak Amid Landlords' Suit

    A New York federal court refused to issue a preliminary ruling blocking enforcement of a December amendment to the state's rent stabilization laws, saying the landlords who filed suit failed to show the changes violated either the Fourth or the 14th amendments.

  • May 29, 2024

    DACA Holder Accuses Fla. Credit Union Of Discrimination

    A man with temporary immigration protections through the Deferred Action for Childhood Arrivals program is accusing Florida's third-largest credit union of unlawfully denying him a home loan based on his immigration status, in a suit filed Wednesday in federal court.

  • May 29, 2024

    Fla. Gov. Signs Bill Requiring Greater HOA Transparency

    Florida Gov. Ron DeSantis signed a bill on Wednesday that requires homeowners' associations to give physical or digital copies of their rules and covenants to members.

  • May 29, 2024

    Dream Finders Closes $412M Land Banking Deal After Buy

    400 Capital Management LLC and affiliate Builder Capital said Wednesday that they have closed on a $412 million land banking deal with Dream Finders Homes to acquire more than 4,000 residential home sites in Nashville, Tennessee; Charleston, South Carolina; and Greenville, South Carolina.

  • May 29, 2024

    MicroEra Power Plots New Phase For Thermal Energy Storage

    As buildings are increasingly powered by renewable energy, Rochester, New York-based MicroEra Power is working on a thermal storage solution that it says offers many advantages over current lithium batteries. Here's a look at this property technology company's vision, its progress so far and what its leaders see ahead.

  • May 29, 2024

    Nestle Purina Sued Over Foul Odors At Denver Plant

    Two Colorado residents hit Nestle Purina PetCare Co. with a proposed class action in federal court Tuesday, saying the company's pet food manufacturing facility emits gag-inducing odors that have disrupted lives and reduced property values.

  • May 29, 2024

    Walker & Dunlop GC Departs As Deputy Fills Shoes For Now

    The longtime top attorney for commercial real estate finance and advisory services firm Walker & Dunlop Inc. has left the company after nearly 14 years, and Walker & Dunlop's deputy general counsel is taking over in the interim.

  • May 29, 2024

    Ex-Freddie Mac Appraisal Chief Talks Bias And Sizing-Up Risk

    As regulators tackle bias in single-family housing, Martin Skolnik, who served as chief appraiser for Freddie Mac multifamily for 13 years, suggests applying the same scrutiny to multifamily appraisals.

  • May 29, 2024

    Greenberg Traurig Gets 30-Year Tax Break From Saudi Arabia

    Greenberg Traurig LLP is among the first law firms to get licensed as a regional headquarters, or RHQ, company in Saudi Arabia, allowing the firm to take advantage of a major tax break, the firm announced Tuesday.

  • May 28, 2024

    Goldman Family Battles Over Evidence In Property Biz Suit

    Relatives of Jane Goldman, an heiress of Sol Goldman's New York City property empire, argued that a contract she has said establishes her authority over the family's real estate business is of "dubious origin."

  • May 28, 2024

    Pittsburgh Agency Sues Over Utility Acces On $100M Complex

    The Pittsburgh Water and Sewer Authority sued a developer and other city officials to maintain its ability to service a water and sewer main underneath a $100 million apartment complex after a city attorney's decision wiped out the agency's objection to a building permit for the project.

  • May 28, 2024

    Jones Day, King & Spalding Rep Blackstone, Bank's $1B Deal

    Blackstone has bought a $1 billion senior mortgage loan portfolio from Deutsche Pfandbriefbank after the German bank revealed plans to offload it, with the all-cash transaction shaped by Jones Day and King & Spalding LLP. 

  • May 28, 2024

    First Citizens Bank Lends $74M For Brooklyn Apartments

    First Citizens Bank has provided a $74 million secured senior loan to real estate investor and developer Lonicera Partners for a 23-story, 160-unit multifamily apartment building in Brooklyn, New York, the bank announced Tuesday.

  • May 28, 2024

    Ex-Florida Atty Accused Of Failing To Deliver Condo Proceeds

    A disbarred attorney was sued in Florida state court by a client who alleged fraud and breach of fiduciary duty in a Miami Beach condominium foreclosure action, saying he misappropriated more than $68,000 in proceeds.

  • May 28, 2024

    High Court Urged To Review NY Rent Law Challenge

    Four interested third parties have urged the U.S. Supreme Court to review a suit challenging two 2019 changes to New York rental laws, arguing that high court intervention is needed to protect property rights across the country.

  • May 28, 2024

    High Court Won't Hear Pilot HOA's Rail Easement Case

    The U.S. Supreme Court has declined to hear a request from an Alaska homeowners association made up of pilots to review a Ninth Circuit decision giving a railroad control of an easement cutting into an airstrip for an airplane-centric subdivision.

  • May 24, 2024

    Conn., Property Owners Say Town Is Wrong On Housing Law

    Connecticut's Department of Housing and several property owners in New Canaan are taking issue with the town's arguments in a bid to pause its lawsuit challenging the state's denial of affordable housing credits, saying the town is misinterpreting a recently passed bill.

  • May 24, 2024

    Realtors Want Case Over 'Cooperation' Rule To Stay Dismissed

    The National Association of Realtors urged a California federal court not to reconsider dismissing a case targeting rules that prevent real estate agents from listing properties outside their affiliated networks, after the case took a trip to the Ninth Circuit.

  • May 24, 2024

    Software-Aided Price Fixing Under Antitrust Assault

    Claims that companies in the same industry are using software middlemen to fix prices are percolating in federal courts around the country, with cases targeting major operators in residential real estate, hospitality and health insurance, among other areas.

  • May 24, 2024

    Insurer's Coverage Suit Premature, Ga. Apt. Complex Says

    An apartment complex facing negligence claims over a shooting told a Georgia federal court that its insurer's suit seeking to avoid coverage must be tossed, arguing that without any factual findings in the underlying state court action, any finding on the insurer's duty to indemnify would be premature.

  • May 24, 2024

    Wells Fargo Opposes Class Cert. In Race Lending Bias Suit

    Wells Fargo urged a California federal judge to reject a class certification request from a group of plaintiffs claiming the bank offered non-white borrowers loans with higher interest rates and worse terms, while also applying more scrutiny to their applications.

  • May 24, 2024

    NYC Apartment Hotel May Qualify For Tax Break, Dept. Says

    A planned 150-unit apartment hotel building in New York City catering to a nearby hospital's patients and staff and to university students could be eligible for an industrial and commercial abatement program, the city Department of Finance said in a letter ruling.

  • May 24, 2024

    CFPB Seeks $20M Penalty For Inaccurate Loan Data

    The Consumer Financial Protection Bureau has urged a Florida federal court to hit Freedom Mortgage with a $20 million civil penalty for allegedly submitting error-filled government mortgage loan data.

Expert Analysis

  • 10th Circ. Ruling Could Gut Homeowners' Ch. 13 Safety Net

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    The Tenth Circuit’s recent ruling in Doll v. Goodman could spell the end of Chapter 13 protection for consumers in a number of states, and if the decision is replicated in other circuits, homeowners across the country could lose their homes for lack of a viable bankruptcy administration, says former U.S. Bankruptcy Judge Catherine Bauer, now at Signature Resolution.

  • FTC Proposal Greatly Widens Auto-Renewal Regulation

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    The Federal Trade Commission's proposed rule on automatic renewal subscriptions would impose significant new obligations on sellers of negative option plans and expand the agency's enforcement powers, likely requiring companies to examine and change their practices, say attorneys at Squire Patton.

  • Do Videoconferences Establish Jurisdiction With Defendants?

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    What it means to have minimum contacts in a foreign jurisdiction is changing as people become more accustomed to meeting via video, and defendants’ participation in videoconferencing may be used as a sword or a shield in courts’ personal jurisdiction analysis, says Patrick Hickey at Moye White.

  • Humanism Should Replace Formalism In The Courts

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    The worrying tendency for judges to say "it's just the law talking, not me" in American decision writing has coincided with an historic decline in respect for the courts, but this trend can be reversed if courts develop understandable legal standards and justify them in human terms, says Connecticut Superior Court Judge Thomas Moukawsher.

  • 20 Years On, Campbell Holds Lessons On Reining In Ratios

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    Twenty years ago, the U.S. Supreme Court's decision in State Farm v. Campbell provided critical guidance on the constitutionally permissible ratio of punitive to compensatory damages — and both Campbell and subsequent federal circuit court decisions informed by it offer important pointers for defendants, say attorneys at Dechert.

  • Don't Let Client Demands Erode Law Firm Autonomy

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    As clients increasingly impose requirements for attorney hiring and retention related to diversity and secondment, law firms must remember their ethical duties, as well as broader issues of lawyer development, culture and firm integrity, to maintain their independence while meaningfully responding to social changes, says Deborah Winokur at Cozen O'Connor.

  • IRS' Cost Method Update Is Favorable For RE Developers

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    The Internal Revenue Service's recent update to its alternative cost method will allow real estate developers to accelerate their cost recovery of improvements in certain circumstances and make it easier for practitioners to satisfy the method's tax compliance requirements, says Benjamin Oklan at Weil.

  • Federal Judge's Amici Invitation Is A Good Idea, With Caveats

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    An Arkansas federal judge’s recent order — inviting amicus briefs in every civil case before him — has merit, but its implementation may raise practical questions about the role of junior attorneys, economic considerations and other issues, says Lawrence Ebner at the Atlantic Legal Foundation.

  • Fox Ex-Producer Case Is A Lesson In Joint Representation

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    A former Fox News producer's allegations that the network's lawyers pressured her to give misleading testimony in Fox's defamation battle with Dominion Voting Systems should remind lawyers representing a nonparty witness that the rules of joint representation apply, says Jared Marx at HWG.

  • As The Metaverse Expands, Bankruptcy Questions Arise

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    Restructuring and bankruptcy happen in the metaverse, too — and the uncertain and evolving rules of digital ownership could have surprising effects on who gets paid, with increasing tension between platforms and users, say Kizzy Jarashow and James Lathrop at Goodwin.

  • Stanford Law Protest Highlights Rise Of Incivility In Discourse

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    The recent Stanford Law School incident, where students disrupted a speech by U.S. Circuit Judge Kyle Duncan, should be a reminder to teach law students how to be effective advocates without endangering physical and mental health, says Nancy Rapoport at the University of Nevada.

  • Dispute Prevention Strategies To Halt Strife Before It Starts

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    With geopolitical turbulence presenting increased risks of business disputes amid court backlogs and ballooning costs, companies should consider building mechanisms for dispute prevention into newly established partnerships to constructively resolve conflicts before they do costly damage, say Ellen Waldman and Allen Waxman at the International Institute for Conflict Prevention and Resolution.

  • Key Takeaways In Ex-NY Lt. Gov.'s Tossed Bribery Charges

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    In dismissing bribery charges against former New York Lt. Gov. Brian Benjamin, a Manhattan federal court stringently defined an explicit quid pro quo — the latest in a string of federal rulings that have narrowed the use of federal public corruption laws to pursue state-level officials, say attorneys at Arnold & Porter.