Residential
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April 04, 2025
NYC Office Tower Converted To Multifamily Faces Foreclosure
A lender has sued in New York federal court to foreclose on a loan for a Financial District building that developer Nathan Berman converted from office to multifamily in 2017.
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April 04, 2025
Taxation With Representation: Ropes & Gray, Paul Hastings
In this week's Taxation With Representation, Siemens AG acquires Dotmatics from Insight Partners, LPL Financial acquires Commonwealth Financial Network, Brookfield Asset Management takes a majority stake in Angel Oak Cos., and TowneBank acquires Old Point Financial Corp.
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April 03, 2025
$2M Limits Off Table In Construction Defect Row, Insurer Says
An insurer for a waterproofing consultant and architecture firm said its policy's $2 million aggregate limit does not apply to a condo association's underlying construction defect claims, telling a Florida federal court that the claims count as a single occurrence subject to a $1 million limit.
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April 03, 2025
Wash. AG Pushes RealPage Conspiracy Claims In New Suit
The Washington State Attorney General's Office launched a new lawsuit in state court on Thursday accusing RealPage of conspiring with landlords to jack up rent prices, after withdrawing from a similar federal case last month to pursue claims that could result in more restitution for Evergreen State renters.
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April 03, 2025
Iaffaldano Shaw Guides $2B Miami Resi Tower Project
Proper Hospitality, advised by Iaffaldano Shaw, unveiled plans for a 28-story residential tower in Miami's Midtown neighborhood, which will be set within a $2 billion mixed-use development, the company said.
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April 03, 2025
Real Estate Lawyers On The Move
Blank Rome, Greenberg Traurig and Troutman are among the law firms that have made recent real estate hires.
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April 03, 2025
Vantage Capital Wraps $95.5M Multifamily Portfolio Sale
Vantage Capital Advisors has sold off a two-property multifamily portfolio based in the Midwest for $95.5 million to an unidentified buyer, the real estate investment management company announced.
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April 03, 2025
Ginnie Mae Wins Fight Over Reverse Mortgage Collateral
A Texas federal judge granted a win to Ginnie Mae and the U.S. Department of Housing and Urban Development over challenges to their decision to extinguish Texas Capital Bank's lien on reverse mortgage assets, holding that Ginnie Mae's statutory authority extends to the entire mortgage once an issuer defaults.
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April 03, 2025
Ex-JPMorgan Atty Gets Probation For NYC Housing Fraud
A former Bronx prosecutor and JPMorgan attorney was sentenced in New York state court Thursday to probation and community service for fraud and grand larceny, after she pled guilty to using forged records to obtain low-rent apartments.
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April 03, 2025
Family Used Home Loan Scheme To Shirk Tax Debt, DOJ Says
A man who owes more than $1 million in taxes helped his daughter fraudulently obtain a home loan so he could effectively own the house while avoiding paying his debt, the U.S. government said in a complaint in Florida federal court.
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April 03, 2025
Ky. Allows Special Property Tax In Development Project Areas
Kentucky authorized taxing districts organized as part of regional economic development projects to impose a special tax on property located within their boundaries under a bill signed by Gov. Andy Beshear.
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April 03, 2025
Adams Case Threatens NY Southern District's 'Supremacy'
The controversial end to New York City Mayor Eric Adams' historic criminal corruption prosecution could threaten the Southern District of New York's privileged status within the Justice Department and its leverage over other districts when it comes to vying for the lead on high-profile cases, experts say.
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April 02, 2025
Real Estate Caught In ESG Tug Of War
Despite a growing backlash in recent years against environmental, social and governance factors in business strategy, attorneys say that, in the near term, real estate companies may not be abandoning ESG — although they have been adjusting their behavior.
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April 02, 2025
RealPage Sues Berkeley Over Rent Pricing Software Ban
RealPage on Wednesday asked a California federal judge to block Berkeley, California's impending ordinance prohibiting the use of software to set rent prices, claiming the ban is unconstitutional and based on the "groundless" claim that the algorithmic real estate pricing company's software has contributed to rising rent.
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April 02, 2025
Avison Young's Miami Team Thrives In Full-Court Press
When a high-profile piece of property lands in the middle of a court case in Florida, there's a good chance the phone will soon be ringing in global real estate advisory firm Avison Young's Miami office.
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April 02, 2025
Jurny AI Platform Eyes Growth With New Partners, Hotel Deal
Jurny Inc., which has developed an AI-powered property management platform that it says can significantly increase operational efficiency for the hospitality industry, announced it has secured strategic investments to help support an aggressive expansion.
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April 02, 2025
Trump Unveils New Tariffs On Dozens Of Countries
President Donald Trump announced sweeping tariffs on major trading partners Wednesday, including a 10% rate on all goods entering the U.S. to take effect later this week, in a "declaration of economic independence" he says will jump-start domestic industry and production.
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April 02, 2025
Opendoor To Settle Shareholders' Real Estate Tech Suit
Investors in real estate firm Opendoor Technologies Inc. said in a court filing Wednesday that they've struck a deal to end a lawsuit accusing the company of overhyping its pricing algorithm software prior to going public in a reverse merger with a special-purpose acquisition company.
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April 02, 2025
Fla. High Court Told Condo's Irma Claim Redo Lacked Key Info
An insurance company told the Florida Supreme Court on Wednesday that a Miami condominium's reopened claim for damage caused by Hurricane Irma wasn't sufficient to trigger a supplemental claim, arguing that state law required additional information regarding the initial loss.
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April 02, 2025
2 Firms Rep $108M NYC Condo Loans
The owner of a luxury mixed-use condominium in the Brooklyn borough of New York borrowed two loans worth more than $108 million combined in separate deals guided by King & Spalding LLP and Brownstein Hyatt Farber Schreck LLP, according to official property records.
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April 02, 2025
Northwind, BHI Fund $170M NYC Luxury Condo Project
Northwind Group and the U.S. arm of Bank Hapoalim BM provided a $170 million construction loan for Nortco Development's 36-unit luxury condominium development in New York City's Upper West Side, the lenders announced.
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April 02, 2025
Miami Greenlights $3B Affordable Housing Project
The Miami-Dade County Commission voted unanimously to grant final approval for a $3 billion mixed-used development, which will span 63 acres and contain 5,700 affordable and workforce housing units.
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April 02, 2025
Colorado AG Cuts Deal To Unwind Exclusive Broker Contracts
A brokerage company in Colorado state court agreed to release 171 homeowners from exclusive listing agreements that are illegal under a 2023 state law, in a deal with prosecutors approved Wednesday.
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April 02, 2025
Tokenization Exec Sees Ample Possibilities For Real Estate
Small and large investors who seek exposure to real estate via fractional purchases are broadening their scope to include less-common asset classes, the founder of tokenization platform EstateX told Law360 Real Estate Authority in a recent interview.
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April 02, 2025
Eric Adams Case Dismissed As Judge Rebukes DOJ 'Bargain'
A Manhattan federal judge on Wednesday permanently dismissed corruption charges against New York City Mayor Eric Adams, heeding advice from court-appointed counsel Paul Clement even as he gave credence to district prosecutors' claims of a quid pro quo between Adams and Trump administration officials in the Justice Department.

New EB-5 Investors Rushing In Amid 'Gold Card' Uncertainty
Questions about the future of the EB-5 visa program have ushered in a "rush" of investors amid concerns that the minimum investment threshold could rise roughly five-fold under the Trump administration's so-called Gold Card program.

Multifamily CMBS Delinquency Jumps In March, Report Shows
The delinquency rate for commercial mortgage-backed securities connected to multifamily properties is the highest it's been since 2015, according to a Tuesday report from business research firm Trepp.

New FinCEN Rule Is 'Game Changer' For Real Estate Investors
The Financial Crimes Enforcement Network's stopgap rule removing beneficial ownership reporting requirements for U.S. companies significantly lightens the regulatory burden for investors, especially those in the real estate sector, attorneys told Law360 Real Estate Authority.
Expert Analysis
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Know The Rules And Costs Of New Fla. Condo Inspection Law
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.
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Measuring And Mitigating Harm From Discriminatory Taxes
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.
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Calif. Banking Brief: All The Notable Legal Updates In Q1
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.
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Addressing Tariff Price Escalation In Construction Contracts
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.
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Reconciling 2 Smoke Coverage Cases From California
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.
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How Fla. Is Floating A Raft Of Bills To Stem Insurance Woes
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.
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After Fires, Calif. Must Streamline Enviro Reviews For Housing
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.
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Making The Opportunity Zones Program Great At Last
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.
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How 2025 Is Shaping The Future Of Bank Mergers So Far
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.
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Why NY May Want To Reconsider Its LLC Transparency Law
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.
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Dewberry Ruling Is A Wakeup Call For Trademark Owners
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.
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California Climate Lawsuit Bill Is Constitutionally Flawed
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.
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The Current And Future State Of Bank-Fintech Partnerships
Though the Consumer Financial Protection Bureau under President Donald Trump seems likely to cultivate an environment friendlier to the financial services industry, bank-fintech partnerships should stay devoted to proactive compliance and be ready to adapt to regulatory shifts that may intensify scrutiny from enforcers, say attorneys at Greenberg Traurig.