Residential

  • February 09, 2024

    Judges Pour Cold Water On Homeowner's Sprinkler Suit

    A lower court was correct in finding that a homeowner can't prove adverse possession of disputed property because he hasn't lived in the home long enough, a Michigan Court of Appeals panel said.

  • February 09, 2024

    Property Plays: MCR, Black Spruce, Willow Bridge

    MCR has landed $333 million in refinancing for a multistate hotel portfolio, Black Spruce Management has scored $146 million in financing for a Manhattan multifamily property, and Willow Bridge Property has landed $175 million in financing for three multifamily properties.

  • February 09, 2024

    Apartment Sellers Didn't 'Cook' The Books, Mich. Panel Rules

    A lender stuck with a failed $19 million student apartment deal can't blame the seller for trying to entice them into a bad deal because the original buyers ignored red flags about the property and went ahead anyway, a Michigan appellate panel has ruled. 

  • February 09, 2024

    Ala. Insurer Gets Hurricane Sally Repair Coverage Suit Cut

    A Chubb unit successfully trimmed bad faith allegations from a lawsuit seeking coverage for a condominium complex that was damaged by Hurricane Sally in 2020, as an Alabama federal judge found that the condo never showed that its insurance claims were denied by the insurer.

  • February 09, 2024

    NY AG Strikes $310K Lead Settlement

    A Syracuse, New York, landlord reached an agreement with the state's attorney general in which the owner will pay $310,000 for failing to fix lead-based paint issues in his rental properties, the AG's office said Friday.

  • February 09, 2024

    Iowa House Bill Would Cancel Growth Assessment Limitation

    Iowa would eliminate a limitation used in the calculation of assessments for agricultural and residential properties under a bill introduced in the state House of Representatives. 

  • February 09, 2024

    HOAs In Crosshairs Of 'Serial Relators' For Alleged PPP Fraud

    A series of whistleblower lawsuits accusing scores of homeowner associations and other organizations of illegally receiving Paycheck Protection Program funds has netted a handful of settlements, and one expert says cases are becoming more commonplace.

  • February 09, 2024

    FCRA Immunity Waiver Ruling Tees Up Compliance Frenzy

    A U.S. Supreme Court ruling that the Fair Credit Reporting Act waives federal agencies' immunity from lawsuits will not only open the door to more litigation against government lenders but may also trigger housecleaning to ensure that debts are correctly reported, experts told Law360.

  • February 09, 2024

    Oil Co. Tells Justices Antitrust Case Raises Arbitration Issue

    A $1.8 billion antitrust case seeking the U.S. Supreme Court's intervention highlights how imperative it is for the justices to sort out whether a nonsignatory to an arbitration agreement may invoke arbitration, an oil and gas company said.

  • February 09, 2024

    NAR Agrees To Mediate Subscriber Data Disclosure Claim

    The National Association of Realtors and a subscriber to its official magazine agreed to mediate their dispute in Michigan federal court over the group's alleged illegal sharing of personal information.

  • February 09, 2024

    DLA Piper Adds Structured Finance Atty To NY Office

    DLA Piper hired Joo Kim, a structured finance attorney with more than 23 years of experience, as a new partner for its structured finance practice in its New York office, the firm announced.

  • February 09, 2024

    NYC Projects Under Stopgap Housing Program Break Ground

    Construction kicked off Friday on two apartment buildings that are part of an initiative modeled after New York's now-lapsed 421-a tax incentive program to spur mixed-income housing construction in Brooklyn's Gowanus neighborhood.

  • February 09, 2024

    Upstate NY Rent Regulation Advocates Roll With The Punches

    Since a 2019 law allowed municipalities in upstate New York to opt in to rent stabilization, some cities have begun to take their first tentative steps, a campaign driven in part by nonprofit For the Many at the behest of its membership, political director Brahvan Ranga told Law360.

  • February 08, 2024

    8th Circ. Won't Revive Renter's Fire Loss Coverage Fight

    The Eighth Circuit refused Thursday to revive an Arkansas renter's fire coverage suit against her insurer, finding a district court was correct to permanently dismiss the case over what it said were willful failures to follow its orders and properly participate in discovery.

  • February 08, 2024

    Homeless Nonprofit Fights San Francisco's Bid To Pause Suit

    A nonprofit representing homeless residents faced off against San Francisco in California federal court Thursday, urging the judge to reject the city's bid to pause its lawsuit until the U.S. Supreme Court rules on an Oregon city's case over similar Eighth Amendment issues.

  • February 08, 2024

    Watchdog To Probe NYCHA After Anti-Corruption Sweep

    A U.S. Department of Housing and Urban Development watchdog announced Thursday that it will audit New York City Housing Authority's anti-fraud measures, just days after 70 current and former employees were arrested on bribery and extortion charges.

  • February 08, 2024

    FSOC 'Very Focused' On Nonbank Mortgage Risk, Yellen Says

    U.S. Treasury Secretary Janet Yellen told lawmakers on Thursday that federal regulators have "concern" about potential nonbank fragility in the mortgage market, and offered encouragement for legislative efforts to guard against artificial intelligence risks to the financial sector.

  • February 08, 2024

    CFPB Takes Restitution Discount To End Mortgage Relief Case

    After a decade of litigation with four bankruptcy attorneys who ran a mortgage relief scam, the Consumer Financial Protection Bureau on Thursday agreed to end an appeal for $12 million in penalties, or about one-fifth of an initial judgment in the case.

  • February 08, 2024

    Florida Senators Pass Revisions To Affordable Housing Law

    The Florida Senate has unanimously passed an update to the state's Live Local Act clarifying the density and height of developments built under the affordable housing program created in 2023.

  • February 08, 2024

    Cushman & Wakefield Claims Ex-Workers Stole Trade Secrets

    Cushman & Wakefield U.S. Inc. accused two former employees in New York federal court of stealing its trade secrets and soliciting co-workers to work for its multifamily market Walker & Dunlop Inc. before they left the brokerage in December.

  • February 08, 2024

    DC Council OKs Extension Of Housing Tax Break Changes

    The District of Columbia would extend authorization of a competitive process for the provision of tax abatements for housing developments under clarifying legislation approved by the district's council.

  • February 08, 2024

    Real Estate Rumors: HGI, Lion Development, Kushner

    An affiliate of Harbor Group International is believed to be the buyer of two apartment complexes near Denver for $132.5 million, a Lion Development venture has reportedly spent $16.5 million on a Miami development site and Kushner Cos. is said to have sold a pair of multifamily properties for $14.7 million.

  • February 08, 2024

    School Board Tells Ohio Justices Tax Appeal Not Time-Barred

    An Ohio law barring third-party challenges to property valuations does not apply retroactively, a school board told the Ohio Supreme Court, urging it to uphold a ruling allowing its challenge to a valuation of an apartment complex to continue.

  • February 08, 2024

    Kasowitz Drawn Into Supertall Tower Investor Spat

    Two LLCs tied to AmBase Corp. filed a summons against Kasowitz Benson Torres LLP in New York Supreme Court, kickstarting the latest multimillion-dollar court fight connected to Manhattan's supertall Steinway Tower.

  • February 08, 2024

    Minn. Lake Properties Should Be Valued Together, Court Says

    A Minnesota lakefront parcel of land should be valued together with a neighboring developed parcel because the two have a symbiotic relationship, the state's tax court ruled.

Expert Analysis

  • Twitter Legal Fees Suit Offers Crash Course In Billing Ethics

    Author Photo

    X Corp.'s suit alleging that Wachtell grossly inflated its fees in the final days of Elon Musk’s Twitter acquisition provides a case study in how firms should protect their reputations by hewing to ethical billing practices and the high standards for professional conduct that govern attorney-client relationships, says Lourdes Fuentes at Karta Legal.

  • Transaction Risks In Residential Mortgage M&A Due Diligence

    Author Photo

    As the residential mortgage market continues to consolidate due to interest rate increases and low housing volume, buyers and sellers should pay attention to a number of compliance considerations ranging from fair lending laws to employee classification, say attorneys at Mayer Brown.

  • Ore. Warranty Ruling Complicates Insurance Classification

    Author Photo

    The Oregon Court of Appeals' recent TruNorth v. Department of Consumer and Business Services holding that a service contract — commonly referred to as an extended warranty — covering commercial property is subject to the state's consumer service contract laws raises regulatory questions for contract obligors, sellers and administrators, say attorneys at Locke Lord.

  • ABA's Money-Laundering Resolution Is A Balancing Act

    Author Photo

    While the American Bar Association’s recently passed resolution recognizes a lawyer's duty to discontinue representation that could facilitate money laundering and other fraudulent activity, it preserves, at least for now, the delicate balance of judicial, state-based regulation of the legal profession and the sanctity of the attorney-client relationship, say attorneys at Ballard Spahr.

  • FCRA Legislation To Watch For The Remainder Of 2023

    Author Photo

    If enacted, pending federal and state legislation may result in significant changes for the Fair Credit Reporting Act landscape and thus require regulated entities and practitioners to pivot their compliance strategies, say attorneys at Troutman Pepper.

  • Regulators Must Get Creative To Keep Groundwater Flowing

    Author Photo

    Even as populations have boomed in Sun Belt states like Arizona, California and Texas, groundwater levels have diminished due to drought and overuse — so regulators must explore options including pumping limits, groundwater replenishment and wastewater reuse to ensure future supplies for residential and commercial needs, says Jeffrey Davis at Integral Consulting.

  • Law Firm Professional Development Steps To Thrive In AI Era

    Author Photo

    As generative artificial intelligence tools rapidly evolve, professional development leaders are instrumental in preparing law firms for the paradigm shifts ahead, and should consider three strategies to help empower legal talent with the skills required to succeed in an increasingly complex technological landscape, say Steve Gluckman and Anusia Gillespie at SkillBurst Interactive.

  • What Upholding Of Short-Term Rental Law Means For NYC

    Author Photo

    A New York state judge's dismissal of Airbnb's challenge against the Short-Term Rental Registration Law will benefit the city's hospitality industry and exert downward pressure on apartment rents, and potentially provide a model for other local governments around the U.S. to curb short-term apartment rentals, says Alexander Lycoyannis at Holland & Knight.

  • Key Provisions In Florida's New Insurer Accountability Act

    Author Photo

    Florida's recent bipartisan Insurer Accountability Act introduces a range of new obligations for insurance companies and regulatory bodies to strengthen consumer protection, and other states may follow suit should it prove successful at ensuring a reliable insurance market, say Jan Larson and Benjamin Malings at Jenner & Block.

  • Fair Lending Activity: Calm On The Surface, Churning Below

    Author Photo

    The Consumer Financial Protection Bureau's recently released annual fair lending report to Congress confirms that despite the paucity of public fair lending enforcement actions in 2022, the CFPB and prudential banking agencies are engaged in significant nonpublic oversight, examination and enforcement activities, say attorneys at Cooley.

  • The Basics Of Being A Knowledge Management Attorney

    Excerpt from Practical Guidance
    Author Photo

    Michael Lehet at Ogletree Deakins discusses the role of knowledge management attorneys at law firms, the common tasks they perform and practical tips for lawyers who may be considering becoming one.

  • To Hire And Keep Top Talent, Think Beyond Compensation

    Author Photo

    Firms seeking to appeal to sophisticated clients and top-level partners should promote mentorship, ensure that attorneys from diverse backgrounds feel valued, and clarify policies about at-home work, says Patrick Moya at Quaero Group.

  • Negotiating Material Escalation In Construction Contracts

    Author Photo

    As material price escalation clauses have remained popular in construction contracts despite an easing of recent supply chain issues, attorneys representing owners should understand key considerations for negotiating such clauses, and strategies to mitigate potential exploitation by contractors, says H. Arthur Black II at Brooks Pierce.