Residential

  • February 06, 2024

    Investment Report Shows Cost Of Delaying Climate Action

    Insurers could face billions of dollars in losses if they continue with their current courses of investments that contribute to climate change, according to a new analysis by insurance regulators from California, Oregon and Washington.

  • February 06, 2024

    Mast Capital Snags $600M Construction Loan For Miami Tower

    Florida real estate development and investment firm Mast Capital said Tuesday it has secured a $600 million loan for the construction of Cipriani Residences Miami, a condominium tower to be built in the city's Brickell neighborhood.

  • February 06, 2024

    Backend Tax Credit Boosts NY Brownfield Redevelopments

    New York's use of a backend tax credit for brownfield remediation and redevelopment helps push projects across the finish line, incentivizing developers to pursue and quickly finish projects addressing contamination throughout the state.

  • February 06, 2024

    Landfill Odor Claims Did Not Die With Plaintiffs, Judge Rules

    Surviving family members can continue with claims against three landfill companies they say are responsible for impacting their relatives' quality of life, a Louisiana federal judge ruled, while dropping three claimants from the case.

  • February 06, 2024

    Mosby Guilty On One Count Of Lying For Fla. Mortgage

    A federal jury in Maryland on Tuesday found former Baltimore State's Attorney Marilyn Mosby guilty of lying on mortgage applications for one of her two Florida vacation homes, but not guilty on the application for the other home.

  • February 06, 2024

    Real Estate Rumors: Valley National, Carlyle, Peachtree

    Valley National Bank is said to have loaned $21.3 million for a self-storage project in Florida, a Carlyle Group venture has reportedly paid $265 million for a Manhattan luxury rental tower and Peachtree Group has reportedly loaned $34.5 million for a student housing complex in Florida.

  • February 06, 2024

    Builders Ask Judge To Rethink Monetary Relief For Fees Suit

    Builders urged a Florida state judge to reconsider two "'overarching'" rulings that they claim denied monetary relief for their proposed class action against the city of Miami over allegedly illegal building permit and inspection fees.

  • February 06, 2024

    Mich. Federal Judge Won't Pause State Foreclosure Cases

    A Michigan federal judge overseeing a class action by taxpayers alleging that a county unlawfully kept proceeds on the sales of their foreclosed homes has found that a federal law precludes her from staying state proceedings against the same defendant, denying the homeowners' request to pause the state cases.

  • February 06, 2024

    NYC Mayor Backs Housing Tax Breaks, Tenant Protections

    New York City Mayor Eric Adams expressed support to state lawmakers Tuesday for pairing tax incentives for affordable housing developers with increased protections for tenants as part of a legislative package to boost the city's housing supply.

  • February 06, 2024

    Zillow Rival Appeals Property Listings Suit Loss To 9th Circ.

    Defunct brokerage platform REX-Real Estate Exchange is asking the Ninth Circuit to grant a new trial in its deceptive practices suit against Zillow, arguing that a Washington federal judge gave jurors improper instructions that allowed Zillow to escape culpability for REX's claims that it benefited from its allegedly unfair online listing actions.

  • February 06, 2024

    Complex Not Covered For $4M Shooting Claim, Insurer Says

    A Nationwide unit told a Georgia federal court it doesn't owe coverage to an Atlanta apartment complex for a tenant's bid to hold it liable for injuries she suffered during a shooting, claiming the complex waited nearly a year to notify the insurer.

  • February 06, 2024

    DC Authorizes Competitive Process For Housing Tax Breaks

    A District of Columbia program for tax abatement for housing developments will now be awarded through a competitive process under clarifying legislation signed by the mayor.

  • February 06, 2024

    JLL Closes $116M Sale Of Calif. Apartment Development

    JLL Capital Markets announced Monday that it lined up the $116 million sale of Pulse Millenia, an apartment community in Southern California with 273 units, for the seller Northwestern Mutual.

  • February 06, 2024

    70 Arrested In NYC Public Housing Bribery Bust

    Dozens of current and former New York City public housing workers were arrested Tuesday in an anti-corruption sweep described by the Manhattan U.S. attorney's office as featuring the highest number of federal bribery and extortion charges issued in a single day.

  • February 05, 2024

    Ruling's Impact On Fla. Property Law Row May Be Limited

    A ruling last week granting two of four Chinese citizens' bids to block enforcement of a Florida law barring nationals of certain countries from owning land offered a glimpse into the thinking of a federal appeals court in the closely watched case, but attorneys cautioned that the impact from this step may not be very substantial.

  • February 05, 2024

    DC Agency Refused Loan Extension After Lawsuit, Co. Says

    A housing project operator and its loan guarantor urged a District of Columbia federal court to reject D.C. Housing Finance Agency's quick-win bid in its suit seeking $1.2 million for an allegedly defaulted loan.

  • February 05, 2024

    Fla. Legislative Session: Property Insurance Bills Roundup

    Florida lawmakers have put forward dozens of proposals to address insurance challenges in the state, from a bill that would expand coverage from the state's last resort insurer to another that contemplates mangroves as bulwarks against flooding.

  • February 05, 2024

    Fla. Wants To Keep Clean Water Act Permit Review Powers

    Florida officials have told a D.C. federal judge that there would be substantial consequences if he pulls the state's authority to run a federal Clean Water Act permit program that has received thousands of project applications that are reviewed by more than 300 trained employees.

  • February 05, 2024

    Pa. Borrower Sues Nationstar Over COVID Mitigation Losses

    A homeowner hit Nationstar Mortgage LLC with a proposed class action in Pennsylvania federal court, his second stab at holding the servicer liable for denying his request for a loan modification under a pandemic program for federally insured mortgages.

  • February 05, 2024

    Bilzin Sumberg Steers $95M Loan For Miami Condos

    Bilzin Sumberg Baena Price & Axelrod LLP worked on behalf of two South Florida-based real estate developers in securing $95 million in a construction loan to break ground on a 32-story condominium tower, according to a statement released Monday.

  • February 05, 2024

    Fox Rothschild Adds Real Estate Vet In Miami Office

    Philadelphia-based firm Fox Rothschild LLP has welcomed a commercial real estate attorney with more than 20 years of experience to its Miami office, the firm announced Monday.

  • February 05, 2024

    BNSF Railway Blamed For Triggering 2023 Wash. Wildfire

    A tenant who lost his belongings in a blaze last summer that destroyed 10 homes and burned more than 500 acres in Washington state blamed BNSF Railway in state court for negligently running a "fire prone train" through a hot, dry, overgrown area, igniting the Tunnel 5 Fire.

  • February 05, 2024

    Ex-CFTC Official, Crowell & Moring Atty Dies After Carjacking

    Mike Gill, a former Commodity Futures Trading Commission official and Crowell & Moring LLP attorney, died over the weekend, days after he was shot during one of a string of carjackings in Washington, D.C.

  • February 05, 2024

    Fla. Bar Probing Scandal-Plagued Miami City Atty

    Miami City Attorney Victoria Méndez, who is being sued for allegedly running a scheme with her husband to pressure homeowners into below-market sales, is now also facing a Florida Bar investigation, a bar spokesperson confirmed Monday.

  • February 05, 2024

    3rd Circ. Upholds Property Sale In $16M Tax Row

    A family trust's New Jersey office park was properly sold off by the government to satisfy the $16.2 million tax debt of a trustee, the Third Circuit ruled Monday, finding the trustee substantially controlled the property even though he didn't hold the title.

Expert Analysis

  • Hedging Variable Interest Rates In A Volatile Market

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    Variable rate loans, which were an advantageous borrowing method prior to the recent Federal Reserve rate hikes and subsequent volatility, are now the difference between borrowers remaining current on their obligations and defaulting due to the sharply increasing debt service requirements of their loans, say attorneys at Cassin & Cassin.

  • Mallory Gives Plaintiffs A Better Shot At Justice

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    Critics of the U.S. Supreme Court's recent decision in Mallory v. Norfolk Southern claim it opens the door to litigation tourism, but the ruling simply gives plaintiffs more options — enabling them to seek justice against major corporations in the best possible court, say Rayna Kessler and Ethan Seidenberg at Robins Kaplan.

  • CRA Plays Role In DOJ Fight Against Redlining

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    The U.S. Department of Justice’s recent consent order with ESSA Bank & Trust is a reminder that although the Community Reinvestment Act lacks a civil enforcement provision, financial institutions' CRA compliance efforts may have ramifications under various anti-discrimination statutes, say Collin Grier and Levi Swank at Goodwin.

  • Colo. Eviction Case Could Transform Tenant Rights

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    The Colorado Supreme Court recently granted certiorari in a case that could open the door for tenants to assert allegations of discrimination and retaliation during eviction proceedings, and dramatically prolong the state's process, says Jacob Hollars at Spencer Fane.

  • Courts Can Overturn Deficient State Regulations, Too

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    While suits challenging federal regulations have become commonplace, such cases against state agencies are virtually nonexistent, but many states have provisions that allow litigants to bring suit for regulations with inadequate cost-benefit analyses, says Reeve Bull at the Virginia Office of Regulatory Management.

  • Harsh 11th Circ. Rebuke Should Inspire Changes At CFPB

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    The Eleventh Circuit's recent Consumer Financial Protection Bureau v. Brown decision, which found the CFPB's conduct had been egregious in a debt collection enforcement action, should encourage some reflection at the bureau regarding its level of attention to the reasonable due process concerns of regulated institutions, says Eric Mogilnicki at Covington.

  • Tales From The Trenches Of Remote Depositions

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    As practitioners continue to conduct depositions remotely in the post-pandemic world, these virtual environments are rife with opportunities for improper behavior such as witness coaching, scripted testimony and a general lack of civility — but there are methods to prevent and combat these behaviors, say Jennifer Gibbs and Bennett Moss at Zelle.

  • 3 Alternatives To CRE Collateralized Loan Obligations

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    With current commercial real estate market conditions pushing issuers away from collateralized loan obligations, several Freddie Mac offerings should be considered as alternative exit strategies for mortgage loans secured by multifamily properties, say attorneys at Mayer Brown.

  • Fla. Banking Brief: All The Notable Compliance Updates In Q2

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    Florida financial institutions must now navigate minimum interest rates for attorney trust accounts, restrictions on property sales to prohibited foreigners, and a ban on weighing environmental, social and governance factors to determine a customer's creditworthiness — changes that will add to banks' compliance pressures, says Patricia Hernandez at Avila Rodriguez.

  • NY Court Sends Mixed Signals On Contested Foreclosure Law

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    Although New York's Appellate Division, Second Department, has avoided addressing the constitutionality and retroactive application of the Foreclosure Abuse Prevention Act, its conflicting pattern of applying FAPA to existing cases is creating confusion regarding the future of the law, say Christopher Gorman and John Muldoon at Abrams Fensterman and litigation support analyst Robert Marx.

  • Expect CFPB Scrutiny On AI In Lending

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    As the Consumer Financial Protection Bureau prioritizes regulatory oversight of the financial services industry's use of automated systems and artificial technology, it will need to balance regulation and innovation, and companies should prepare to mitigate any potential for bias or unfair, deceptive or abusive acts and practices, say attorneys at Goodwin.

  • Level Up Lawyers' Business Development With Gamification

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    With employee engagement at a 10-year low in the U.S., there are several gamification techniques marketing and business development teams at law firms can use to make generating new clients and matters more appealing to lawyers, says Heather McCullough at Society 54.

  • 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.