Residential

  • July 22, 2024

    Colo. Judge Blocks Zoning Ban On Church's Shelter Program

    A Colorado federal judge preliminarily blocked a town from enforcing zoning regulations to prevent a church from allowing homeless people to live in RVs on church property, finding the church could likely prove such enforcement unlawfully violates its religious freedom.

  • July 22, 2024

    Greystar Can Arbitrate Security Deposit Claims, Judge Says

    A California federal judge ruled that Greystar can arbitrate the claims of a named plaintiff in a putative class action that accuses the real estate company of wrongfully withholding its former tenants' security deposits.

  • July 22, 2024

    Nationwide Seeks Travelers' Aid In Hot Tub Illness Row

    Nationwide told a California federal court a Travelers unit must help defend a condominium association in an underlying lawsuit brought by a resident alleging he needed a double lung transplant because of hot tub contaminants, arguing Travelers' pollution exclusion and fungi or bacteria exclusion didn't apply.

  • July 22, 2024

    NAR Economists See Light Amidst Continuing Slow Sales

    Even as sales of existing homes reached a low not seen since 1995, the recent growth of new home inventory may be an early positive indicator if other conditions — including interest rates — improve, National Association of Realtors Chief Economist Lawrence Yun said Monday.

  • July 22, 2024

    Invitation Homes Reaches $20M Deal To End Permit Fee Suit

    Invitation Homes agreed to pay nearly $20 million to end claims that the single-family rental giant defrauded California cities by failing to pay permitting fees when the company carried out renovations on housing properties, according to federal court filings Monday.

  • July 22, 2024

    Ill. Imposes 20-Year Time Limit On Property Tax Refund Claims

    A 20-year time limit was set on refund requests that result from final orders of the Illinois Property Tax Appeal Board under a bill signed by Gov. J.B. Pritzker. 

  • July 22, 2024

    'Wolf Of Airbnb' Gets 51 Mos. As Judge Sees Lack Of Remorse

    A Manhattan federal judge hit the Florida man who styled himself the "Wolf of Airbnb" with over four years in prison Monday, saying the risk is high that he will break the law again after scamming New York City landlords.

  • July 22, 2024

    Walker & Dunlop Steers $285.5M Refi For Pa. Student Housing

    Walker & Dunlop arranged $285.5 million in refinancing for two Philadelphia student housing properties owned by developer The Goldenberg Group and located on the campus of Temple University, according to a Monday announcement.

  • July 22, 2024

    2 Firms Rep $1.25B PE Takeover Of Senior Living Co.

    Alternative investment firm Stonepeak bought up New Zealand retirement village company Arvida Group Ltd. for $1.25 billion, in an all-cash deal guided by New Zealand-based law firms Bell Gully and Chapman Tripp, according to a Monday announcement.

  • July 22, 2024

    NYC Real Estate Week In Review

    Fried Frank and Greenberg Traurig are among the law firms that landed work on the largest New York City real estate deals to hit public records last week, a busy period that saw 10 transactions above the $20 million mark become public.

  • July 22, 2024

    Orange County's Shrinking Multifamily Vacancies Taper Off

    Second-quarter multifamily housing vacancies in California's Orange County reached a rate of 3.9%, and didn't significantly shift from the first quarter of the year, according to a CBRE report.

  • July 19, 2024

    Property Plays: Barings, Blackstone, Tishman Speyer

    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.

  • July 19, 2024

    Credit Rater Presses 4th Circ. To Trash Developers' Libel Suit

    Credit rating firm Dun & Bradstreet has asked the Fourth Circuit to scrap a group of apartment development companies' libel lawsuit, telling the court that nothing in a credit score was provably false.

  • July 19, 2024

    Bank Regulators Ask 5th Circ. To Unfreeze New Lending Rules

    Federal banking regulators have urged the Fifth Circuit to rescind a Texas district court's injunction blocking implementation of new community lending rules, arguing in a filing that the district court's finding essentially rewrote the Community Reinvestment Act.

  • July 19, 2024

    Calif. Justices Revive Row Over State Farm's Claims Handling

    California's Supreme Court revived a policyholder's case over State Farm's claims-handling practices, reversing an appeals court decision and agreeing with the state's attorney general that California's statute of limitations on unfair competition actions, not the policy or insurance code, governed the timing of the case.

  • July 19, 2024

    Pa. Judge Orders Accused RE Fraudster To Pretrial Detention

    A Pennsylvania federal judge has ordered an accused real estate fraudster to pretrial detention, finding that his previously undisclosed ties to Panama and the fact that he is charged with using fake identities in furtherance of an alleged scheme make him a flight risk.

  • July 19, 2024

    Pa. Bill Seeks Tax Exclusion For Affordable Housing Projects

    Pennsylvania would exclude affordable housing projects developed through the federal Rental Assistance Demonstration program from the state's realty transfer tax under a bill introduced in the state Senate.

  • July 19, 2024

    San Francisco Lawmaker Floats Rent Algorithm Software Ban

    A San Francisco lawmaker proposed a ban that would prohibit selling or using software that can be used for rent price fixing, and took aim at property management software companies such as RealPage and Yardi for their software allegedly being used for such a purpose.

  • July 19, 2024

    Property Management Group Pays $304K For OT Violations

    A Florida property management group paid nearly $304,000 in back wages, damages and fines for denying 92 workers overtime pay, the U.S. Department of Labor announced.

  • July 18, 2024

    Conn. Justices Order Redo Of Apartment Tenant's Fee Award

    The Connecticut Supreme Court on Thursday gave a landlord another shot at reducing a $3,500 attorney fee award scored by a tenant in an eviction dispute, holding that the lower court failed to consider whether the total was reasonable under the relevant fee shifting statute.

  • July 18, 2024

    New IRS Easement Settlements Put Tax Pros In A Pickle

    The IRS' new settlement program for partnerships that participated in conservation easements that haven't yet ended up in court comes with terms far sweeter than past offers, making it difficult for practitioners to advise clients to take the deal or wait for a better one.

  • July 18, 2024

    DR Horton Says Business Is Steady Amid Housing Crisis

    Homebuilding giant D.R. Horton told shareholders July 18 that its business remained steady in 2024's third quarter despite the current housing affordability crisis.

  • July 18, 2024

    Las Vegas Developer Says SEC's EB-5 Fraud Suit Falls Short

    A Las Vegas developer urged a Nevada federal judge to toss securities regulators' allegations she misappropriated $10 million raised by overseas investors hoping to come to the U.S. to pay down a loan for a project unconnected to their applications, arguing Wednesday the regulators fail to allege a wrongful state of mind.

  • July 18, 2024

    Blackstone Sees AI Revolution But 'Muted' RE Fundraising

    Blackstone Inc., the world's largest commercial real estate owner, underscored its focus on data centers as the need for digital infrastructure increases, even as it contends with lower commitments from investors that are still skittish about real estate.

  • July 18, 2024

    Judge With Lake Property Exits $217M Dam Repair Tax Suit

    A Michigan federal judge said he would step aside in a fight over a $217 million tax assessment to fund dam reconstruction because he's part of the assessment district, though he warned that hundreds of plaintiffs could have their own conflicts.

Expert Analysis

  • Texas Construction Statute Of Repose Leaves Open Questions

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    Texas' new significantly shorter statute of repose barring certain suits against construction contractors contains some ambiguous wording that will likely raise questions to be decided by courts, says Mason Hester at Munsch Hardt.

  • 5 Ways Firms Can Rethink Office Design In A Hybrid World

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    As workplaces across the country adapt to flexible work, law firms must prioritize individuality, amenities and technology in office design, says Kristin Cerutti at Nelson Worldwide.

  • In The CFPB Playbook: Abuse Policy, PACE, Payment Apps

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    From defining "abusive" conduct to implementing green energy financing to policing payment apps, the Consumer Financial Protection Bureau was busy last quarter. Akerman's Nora Rigby discusses all this and more in the first installment of bureau activity recaps by former CFPB personnel.

  • How To Avoid Flopping When Flipping Fla. Real Estate

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    As land prices rise, Florida real estate developers are increasingly contracting to flip property to other purchasers for a profit, and they should carefully consider the unique risks and issues associated with the different forms that the process can take, says Gary Kaleita at Lowndes.

  • Ghosting In BigLaw: How To Come Back From Lack Of Feedback

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    Junior associates can feel powerless when senior colleagues cut off contact instead of providing useful feedback, but young attorneys can get back on track by focusing on practical professional development and reexamining their career priorities, says Rachel Patterson at Orrick.

  • States Must Fight Predatory Real Estate Listing Agreements

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    As momentum against long-term real estate listing agreements continues to grow, states should take action to render existing agreements unenforceable and discourage future unfair and deceptive trade practices in real estate, says Elizabeth Blosser at the American Land Title Association.

  • Steps To Success For Senior Associates

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    Adriana Paris at Rissman Barrett discusses the increased responsibilities and opportunities that becoming a senior associate brings and what attorneys in this role should prioritize to flourish in this stressful but rewarding next level in their careers.

  • Legal Profession Must Do More For Lawyers With Disabilities

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    At the start of Disability Pride month, Rosalyn Richter at Arnold & Porter looks at why lawyers with disabilities are significantly underrepresented in private practice, asserting that law firms and other employers must do more to conquer the implicit bias that deters attorneys from seeking accommodations.

  • Ohio Tax Talk: Building On Federal Affordable Housing Credit

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    Ohio's soon-to-be-implemented low-income housing tax credit could significantly affect the state's affordable housing landscape and influence tax-credit deal financing for these projects, though Senate changes may have dampened the new credit's immense potential, say Raghav Agnihotri and Rachael Chamberlain at Frost Brown.

  • Appellate Funding Disclosure: No Mandate Is Right Choice

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    The Advisory Committee on Appellate Rules' recent decision, forgoing a mandatory disclosure rule for litigation funding in federal appeals, is prudent, as third-party funding is only involved in a minuscule number of federal cases, and courts have ample authority to obtain funding information if necessary, says Stewart Ackerly at Statera Capital.

  • LA's High-Value Real Estate Transfer Tax Should Be Scrapped

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    Los Angeles’ recently implemented high-value property transfer tax has chilled the real estate market, is failing to meet revenue expectations and raises significant constitutional concerns, making it a flawed piece of legislation that should be invalidated, says attorney Paul Weinberg.

  • How Attys Can Avoid Exposing Their Firms To Cyberattacks

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    Attorneys are the weakest link in their firms' cyberdefenses because hackers often exploit the gap between individuals’ work and personal cybersecurity habits, but there are some steps lawyers can take to reduce the risks they create for their employers, say Mark Hurley and Carmine Cicalese at Digital Privacy & Protection.

  • Foreign Investment In Real Estate Is Getting More Complicated

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    Increasing federal scrutiny and a proliferation of new state laws targeting foreign investment in real estate may complicate or prevent transactions even by U.S. companies or funds that have shareholders or limited partners from China and other countries of concern, say attorneys at Akin.