Residential

  • February 08, 2024

    12-Year CFPB Veteran Joins Husch Blackwell's DC Office

    Husch Blackwell LLP has hired a 12-year veteran of the Consumer Financial Protection Bureau to join its financial services and capital markets industry group, the firm announced this week.

  • February 08, 2024

    Real Estate Lawyers Voice Caution On FinCEN Disclosures

    New rules requiring corporate entities to submit beneficial ownership information to the U.S. Treasury Department's Financial Crimes Enforcement Network are creating headaches for real estate lawyers and their clients. The rules give rise to liability concerns for firms and privacy risks for investors, lawyers told Law360.

  • February 08, 2024

    Insurer Improperly Settled Shooting Claims, Court Told

    A Seattle-based housing provider said its primary insurer improperly tendered policy limits to settle two underlying claims alleging the provider was liable for deadly shootings near its apartment buildings in Georgia, telling a Washington state court that its insurer's actions have diluted its coverage for other claims.

  • February 08, 2024

    Justices Rule Gov't Agencies Not Immune From FCRA Suits

    The U.S. Supreme Court ruled Thursday that a person can sue a government agency under the Fair Credit Reporting Act, because the law's 1970 definition of a "person" was sufficient to waive the government's immunity.

  • February 07, 2024

    NYCB Faces Investor Suit Over Signature Bank Takeover 

    New York Community Bancorp has been hit with a class action by an investor who claims the bank failed to disclose that it had a deteriorating book of loans which would, in turn, cause major losses and force it to cut its quarterly dividend to preserve capital, following its acquisition of assets from the now-defunct Signature Bank. 

  • February 07, 2024

    Fla. Judge Won't Toss Miami City Atty Real Estate Scheme Suit

    A Florida judge on Wednesday refused to toss claims accusing the husband of Miami's city attorney of running a scheme to pressure homeowners into below-market sales, rejecting arguments that the suit was filed too late.

  • February 07, 2024

    California AG Bonta Issues Landlord-Tenant Guidance

    California Attorney General Rob Bonta said Wednesday that newly issued guidance to landlords and tenants is part of an effort to educate them about their rights and responsibilities.

  • February 07, 2024

    Matterport Stockholders Say Officials Wrongly Cashed $225M

    Shareholders of 3D model maker Matterport Inc. accused top company officials in Delaware Chancery Court of self-dealing by paying themselves performance rewards following a 2021 merger, even though the company hadn't met benchmarks to allow them to cash out $225 million in shares.

  • February 07, 2024

    Judge Says Antitrust Claims Against Suns Owner Fall Short

    A magistrate judge has recommended that a Florida federal court toss a mortgage broker's antitrust case against the owner of the NBA's Phoenix Suns and his company United Wholesale Mortgage, saying the claims fail to allege competition was blocked.

  • February 07, 2024

    NC Public Housing Exec Gets Prison In Bid-Rigging Scheme

    A county housing director in North Carolina was sentenced Wednesday to 30 months in prison after she pled guilty to a conspiracy charge stemming from a scheme to funnel public housing contracts to her friends and family, prosecutors said.

  • February 07, 2024

    No Defense Owed For $500K Defects Dispute, Insurer Says

    A GBLI Global Indemnity unit does not owe coverage to a general contractor and subcontractor in connection with a Clearwater, Florida-area couple's bid for more than $500,000 in damages for construction defects, the insurer has told a Florida federal court.

  • February 07, 2024

    Job Market Movement Slowing Rent Growth, Essex Says

    Essex Property Trust Inc. executives said Wednesday that it expects to see a modest 1.25% average rent growth across its California and Seattle multifamily portfolio in 2024, moderated by uneven job growth nationwide.

  • February 07, 2024

    Cushman's Build-To-Rent Leader Eyes More Growth In 2024

    The build-to-rent and single-family rental sectors are primed to expand this year, especially in metro areas in the U.S. South and Southwest, as more people look to these options as a "bridge" to eventual homeownership, a Cushman and Wakefield executive recently told Law360.

  • February 07, 2024

    No Coverage For Apt. Complex In Negligence Row, Court Told

    The owner and managers of a Kansas City, Missouri-area apartment complex can't get coverage for a proposed class action brought by its tenants over claims of putrid living conditions, an insurer told a federal court, claiming several exclusions in its policies bar any recovery.

  • February 07, 2024

    VineBrook Says Cincinnati Targets Out-Of-State Landlords

    A corporate landlord is striking back against Cincinnati, Ohio's public nuisance lawsuit, alleging in a countersuit filed Wednesday that the city has made defamatory public statements and has been violating its constitutional rights by targeting it with prejudiced ordinances and selective code enforcement.

  • February 07, 2024

    Judge Sides With Wis. Tribe In HOA Property Dispute

    The Menominee Indian Tribe got a win in Wisconsin federal court in a case in which a Wisconsin neighborhood association said the federal government breached its community restrictive covenants when it took land into trust for the tribe, with the judge agreeing to dismiss the suit.

  • February 07, 2024

    Lender Says Nursing Facilities Owner Owes $5.5M On HUD Loans

    A lender has accused the owner and operator of two Illinois skilled nursing facilities of owing more than $5.5 million after defaulting on loans insured by the U.S. Department of Housing and Urban Development.

  • February 07, 2024

    Chicago Off The Hook In Migrant Shelter Suit

    An Illinois federal judge tossed a group of residents' lawsuit against the city of Chicago and its officials for its use of a vacant building as a migrant shelter, finding that the residents failed to respond on time and lack standing.

  • February 07, 2024

    US Eyes Requiring Reports On All-Cash Real Estate Transfers

    Professionals involved in real estate transfers in the U.S. would be required to report on the beneficial owners of trusts and other legal entities that receive residential property in any all-cash transactions under draft regulations released Wednesday that aim to tackle tax evasion and corruption.

  • February 07, 2024

    REIT Raises $672M IPO At Low End While Insurer Pulls Plans

    Senior housing real estate investment trust American Healthcare REIT Inc. rose in debut trading Wednesday after pricing a $672 million initial public offering at the bottom of its range, while insurer The Fortegra Group Inc. canceled its offering given market conditions, revealing mixed signals about the nascent IPO recovery.

  • February 07, 2024

    New York Community Bank Losses Could Presage More Pain

    Looming debt maturities and diminishing property values have put New York Community Bank in a bind that will likely play out on a bigger scale among regional banks with commercial real estate exposure, especially those in the Big Apple, according to analysts and legal experts.

  • February 07, 2024

    Brookfield Says It Plans To Weather Wave Of CRE Woes

    The president of Brookfield Asset Management projected confidence on Wednesday that the Canadian firm will "ride through" the distress facing some parts of the commercial property market, as the company announced its latest real estate fund is on track to meet expectations.

  • February 07, 2024

    Student Housing JV Nabs $380M Refi From Walker & Dunlop

    A joint venture between a student housing community owner and two other investors secured a $380 million credit facility from Walker & Dunlop Inc., funding that will refinance 11 student housing properties, the lender said Wednesday.

  • February 07, 2024

    Nelson Mullins Names New Leader For Boca Raton, Fla., Office

    Nelson Mullins Riley & Scarborough LLP has selected its Florida real estate team leader to serve as the new managing partner of the firm's Boca Raton office.

  • February 06, 2024

    YIMBY Law Sues LA Over Affordable Housing Delays

    A pro-housing group has lodged a second suit against the city of Los Angeles for allegedly delaying an affordable housing project, this one with 190 apartments.

Expert Analysis

  • Identifying Trends And Tips In Litigation Financing Disclosure

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    Growing interest and controversy in litigation financing raise several salient concerns, but exploring recent compelled disclosure trends from courts around the country can help practitioners further their clients' interests, say Sean Callagy and Samuel Sokolsky at Arnold & Porter.

  • Key Drivers Behind Widespread Adoption Of NAV Financing

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    While net asset value-based lending has existed for years, NAV lending has only started to move into the mainstream recently — likely due to difficult market conditions faced by sponsors including persistent inflation, high interest rates and a lack of exit opportunities, say Matthew Kerfoot and Jinyoung Joo at Proskauer.

  • The Pop Culture Docket: Judge Elrod On 'Jury Duty'

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    Though the mockumentary series “Jury Duty” features purposely outrageous characters, it offers a solemn lesson about the simple but brilliant design of the right to trial by jury, with an unwitting protagonist who even John Adams may have welcomed as an impartial foreperson, says Fifth Circuit Judge Jennifer Elrod.

  • Beware Unique Compliance Risks In Home Equity Lending

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    As borrowers increasingly look to junior-lien mortgages and home equity lines of credit instead of first-lien mortgages, regulators will pay increased attention in turn and lenders will have to watch for a number of legal and regulatory pitfalls as they rush to meet this newfound demand, say attorneys at Orrick.

  • 4 Business-Building Strategies For Introvert Attorneys

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    Introverted lawyers can build client bases to rival their extroverted peers’ by adapting time-tested strategies for business development that can work for any personality — such as claiming a niche, networking for maximum impact, drawing on existing contacts and more, says Ronald Levine at Herrick Feinstein.

  • New AI Lending Tech Could Exacerbate Old Bias Risks

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    As credit and mortgage lending businesses increasingly utilize artificial intelligence technology to help make decisions, they must be aware of the legal risks that may arise under familiar anti-discrimination laws, say Kali Bracey and Grace Wallack at Jenner & Block.

  • Caregiver Flexibility Is Crucial For Atty Engagement, Retention

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    As the battle for top talent continues post-pandemic, many firms are attempting to attract employees with progressive hybrid working environments — and supporting caregivers before, during and after an extended leave is a critically important way to retain top talent, says Manar Morales at The Diversity & Flexibility Alliance.

  • AI Road Ahead Is Promising For Cautious Fintechs

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    Financial institutions should understand the conceptions and misconceptions about artificial intelligence likely to influence regulators, and proactively study potential adverse impacts and establish use case strategies and other guardrails for deploying AI, say attorneys at Jones Day.

  • In-Office Engagement Is Essential To Associate Development

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    As law firms develop return-to-office policies that allow hybrid work arrangements, they should incorporate the specific types of in-person engagement likely to help associates develop attributes common among successful firm leaders, says Liisa Thomas at Sheppard Mullin.

  • How To Recognize And Recover From Lawyer Loneliness

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    Law can be one of the loneliest professions, but there are practical steps that attorneys and their managers can take to help themselves and their peers improve their emotional health, strengthen their social bonds and protect their performance, says psychologist and attorney Traci Cipriano.

  • Why All Eyes Are On Florida's Affordable Housing Reform

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    Florida's Live Local Act, which took effect last month, promotes much-needed affordable housing developments with a mix of zoning preemption provisions and tax benefits that may attract interest from developers across the nation, say attorneys at Nelson Mullins.

  • What Came Of Texas Legislature's Long-Promised Tax Relief

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    Following promises of historic tax relief made possible by a record budget surplus, the Texas legislative session as a whole was one in which taxpayers that are large businesses could have done somewhat better, but the new legislation is clearly still a positive, say attorneys at Baker Botts.

  • Looking Behind The Curtain Of Residential Transition Loans

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    As residential transition loans and securitizations of such loans grow increasingly popular, real estate stakeholders should take care to understand both the unique features and potential challenges offered by this novel asset class, say attorneys at Mayer Brown.