Residential

  • February 01, 2024

    EPA Floats New PFAS Rules For Hazardous Waste

    The U.S. Environmental Protection Agency on Thursday proposed two rules that would clear the way for extensive new regulation of per- and polyfluoroalkyl substances.

  • February 01, 2024

    Labor Groups Slam Blackstone Plan To Buy Tricon Residential

    Four activist organizations urged Tricon Residential Inc. shareholders not to approve the company's sale to Blackstone, which they say has a record of aggressively evicting tenants and raising their rents.

  • February 01, 2024

    Housing Investor Wants Nonprofit Counterclaims Dropped

    Muskegon Holdings LLC told a California federal court that it should toss a countersuit from two entities in its affordable housing partnership, saying that the claims are both improper and defective.

  • February 01, 2024

    Multifamily Assets Most Active In 2023, DLA Piper Says

    The multifamily real estate sector remained the industry's most active asset class in 2023, with retail projects showing growth, while the office sector took a hit, law firm DLA Piper said Thursday in a report exploring the firm's 2023 trends.

  • February 01, 2024

    Fla. Justices Affirm Appraisal Ruling In $8M Irma Damage Row

    The Florida Supreme Court affirmed a decision to send an insurer's $8 million Hurricane Irma damage dispute with a condominium association to appraisal, holding Thursday that trial courts do have discretion in determining the order in which coverage and amount-of-loss issues are resolved.

  • February 01, 2024

    Keller Williams OKs $70M Deal To Exit Broker Commission Suit

    The home-sellers who alleged the National Association of Realtors and several brokerages artificially increased costs by requiring them to pay buyer-brokers' commissions said Thursday that Keller Williams Realty has agreed to a $70 million settlement.

  • February 01, 2024

    NC Woman Wants Town Forced Off Land After 10 Years

    A North Carolina homeowner has said the North Carolina Supreme Court needs to stop the town of Apex from violating her constitutional rights by taking over her property because it was ordered to do so.

  • February 01, 2024

    Kemp Klein Brings On Tax Attorney From Foster Swift

    Kemp Klein Law Firm said Thursday that it added a shareholder to its team who was formerly with Foster Swift Collins & Smith PC and counsels clients in tax planning.

  • February 01, 2024

    Greenberg Traurig Adds Land Use Atty To Long Island Office

    Greenberg Traurig LLP has hired a real estate attorney who specializes in land use and zoning as a shareholder for the firm's land use team in its Long Island, New York, office.

  • February 01, 2024

    Polsinelli Guides $70M NJ Apartment Loan

    A 29-story multifamily tower in New Jersey will take shape after a $70 million loan from private equity firm Northwind Group, in a deal advised by Polsinelli Law Firm, according to a Thursday announcement. 

  • February 01, 2024

    Trigild Named Receiver For 12 NYC Apartment Buildings

    Twelve apartment buildings in Manhattan and the Bronx will now be managed by Trigild, after a New York federal judge's order this week named the group as receiver in a foreclosure proceeding for the properties, which had racked up 1,000 city violations in addition to a default of $72 million.

  • February 01, 2024

    Chevron Rollback Could Have Muted Effect On Fannie, Freddie

    A potential overturning of Chevron deference by the U.S. Supreme Court could have wide-ranging consequences for federal agencies, though Fannie Mae and Freddie Mac could see less of an impact, former government insiders and banking experts told Law360.

  • February 01, 2024

    Real Estate Rumors: Fortinet, Kayne Anderson, Northwind

    Fortinet has reportedly bought a Santa Clara campus for $192 million, Kayne Anderson is believed to be associated with the buyer of a $55.8 million apartment complex near Ohio State University and Northwind Group is said to be the lender behind a $70 million mortgage for a property in Jersey City.

  • February 01, 2024

    Insurer Wants Out Of $1M Construction Defect Coverage Suit

    An insurer told a Florida federal court that it shouldn't have to cover builders in underlying litigation accusing them of causing more than $1 million in damage via defective construction on a beachfront vacation home.

  • February 01, 2024

    Equity Residential Touts Job Growth, Low Supply In Q4

    Equity Residential executives said during an earnings call Wednesday that low levels of new supply coming to most of its markets, along with high occupancy rates and strong job growth, should carry the company in 2024 despite continued capital markets stagnation.

  • January 31, 2024

    O'Melveny Can't SLAPP Bill-Padding Claims, Calif. Panel Says

    A California appellate panel refused to strike allegations that O'Melveny & Myers LLP padded its legal bills while investigating the alleged mismanagement of funds at an apartment cooperative, saying disputes related to a firm's billing practices don't arise from activity protected by the state's anti-SLAPP statute.

  • January 31, 2024

    Security Co. Prez Downplays AG Probes In Toll Bros. Lawsuit

    The president of a Connecticut-based home security company quibbled Wednesday with a Toll Brothers Inc. subsidiary's attempt to use government enforcement actions to bolster a $2.7 million prejudgment remedy bid in a contract feud, at one point correcting his opponent on the fine one state collected by some $4 million.

  • January 31, 2024

    Senate Urged To Move Quickly On AI Regulation For Housing

    Members of the U.S. Senate Subcommittee on Housing, Transportation, and Community Development examined the "promise and the threats" of artificial intelligence for housing in America, as Chair Tina Smith described it, when they convened Wednesday morning with expert witnesses to raise concerns and questions and seek advice on regulating this rapidly developing technology.

  • January 31, 2024

    Nev. Supreme Court Ruling Helps Title Insurer Beat HSBC

    A title insurer doesn't have to cover underlying litigation brought against HSBC Bank in connection with the foreclosure sale of Las Vegas property it owned as a mortgage lender, a Nevada federal judge found, citing a state Supreme Court decision.

  • January 31, 2024

    NYC Developer Gets OK To Seek Votes For Ch. 11 Plan

    The developer of a stalled construction project in New York City's West Chelsea can solicit votes on its most recent Chapter 11 plan, which includes an $87.4 million sale of the property, a Delaware bankruptcy judge said at a hearing Wednesday.

  • January 31, 2024

    Md. Renews Superfund Disclosure Debate In Property Sales

    Maryland lawmakers are eyeing a shift in statewide disclosure law for property transactions in close proximity to particularly hazardous Superfund sites, amid worry from local real estate agents the mandate would put too much scientific burden on sellers.

  • January 31, 2024

    CFPB Says Mortgage Biz Can't Deny SAFE Act Claims

    The Consumer Financial Protection Bureau has asked a Connecticut federal judge to grant it an early win in a case against a now-shuttered mortgage company accused of violating the Secure and Fair Enforcement for Mortgage Licensing Act.

  • January 31, 2024

    Thompson Thrift To Start Next Phase Of $750M Indiana Project

    Commercial real estate developer Thompson Thrift will begin building two large mixed-use projects in Fishers, Indiana, as part of a larger, $750 million master-planned district, the company announced Wednesday.

  • January 31, 2024

    Ga. Sues Bankrupt MV Realty Over Predatory Contracts

    Georgia accused bankrupt real estate brokerage MV Realty and several of its entities in state court of tricking homeowners into signing potentially 40-year contracts that let MV Realty obtain at least 3% of their home's value if the home's title interest is transferred.

  • January 31, 2024

    No Fee Win For Condos After Midcase Appeal, 11th Circ. Told

    The Eleventh Circuit should not grant attorney fees to two Florida condominium associations that persuaded the court to reject Empire Indemnity Insurance's bid to avoid appraisal, the insurer told the court, arguing their victory over the insurer's appeal doesn't entitle them to recover those costs.

Expert Analysis

  • Home Equity Option Contracts Appear Ripe For Rating

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    Given that home equity option contracts share similarities with evolving asset types like litigation funding, and that courts continue to characterize them as real estate option contracts, it seems they are poised to be rated in the near future, say Darius Horton and Holly Spencer Bunting at Mayer Brown.

  • 5 Management Tips To Keep Law Firm Merger Talks Moving

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    Many law firm mergers that make solid business sense still fall apart due to the costs and frustrations of inefficient negotiations, but firm managers can increase the chance of success by effectively planning and executing merger discussions, say Lisa Smith and Kristin Stark at Fairfax Associates.

  • 2 Critical Shortfalls In Fla. Condo Safety Amendments

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    New amendments to Florida's Building Safety Act provide condominium associations with more flexibility to comply with inspection deadlines, but vaguely defined extension criteria and unambiguous lines of responsibility warrant further legislative action, say Jordan Isrow and Andrew Ingber at Government Law Group.

  • Rethinking In-Office Attendance For Associate Retention

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    The hybrid office attendance model doesn't work for all employees, but it does for many — and balancing these two groups is important for associate retention and maintaining a BigLaw firm culture that supports all attorneys, says Summer Eberhard at Major Lindsey.

  • Justices' Minn. Takings Ruling May Have Broad Impact

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    The U.S. Supreme Court's decision in Tyler v. Hennepin County that a Minnesota tax foreclosure violated the U.S. Constitution's takings clause may, beyond resolving a circuit split, influence well-established foreclosure laws across the U.S., say Emily Ladd and Gregory Nowak at Miller Canfield.

  • Murdaugh Trials Offer Law Firms Fraud Prevention Reminders

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    As the fraud case against Alex Murdaugh continues to play out, the evidence and narrative presented at his murder trial earlier this year may provide lessons for law firms on implementing robust internal controls that can detect and prevent similar kinds of fraud, say Travis Casner and Helga Zauner at Weaver and Tidwell.

  • Challenging Standing In Antitrust Class Actions: Rule 23

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    A recent Sixth Circuit decision in Fox v. Saginaw County that rejected the common attempt to use Rule 23 to sidestep Article III's standing limitations shows antitrust defendants' success in challenging standing will rest on happenstance without more clarity from the Supreme Court — which no litigant should be comfortable with, say Michael Hamburger and Holly Tao at White & Case.

  • Key Limited Partnership Provisions During Market Downturns

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    With a recession potentially on the horizon, fund managers should carefully examine their funds' limited partnership agreements for items that may be affected by economic downturns, and assess whether modifications may be appropriate, says Matthew Posthuma at Ropes & Gray.

  • Firm Tips For Helping New Lawyers Succeed Post-Pandemic

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    Ten steps can help firms significantly enhance the experience of attorneys who started their careers in the coronavirus pandemic era, including facilitating opportunities for cross-firm connection, which can ultimately help build momentum for business development, says Lana Manganiello at Equinox Strategy Partners.

  • Fla. Foreign Real Estate Law Brings Broad Investment Risks

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    Last month, Florida became the latest state to enact legislation prohibiting Chinese investors from acquiring certain interests in real property, introducing significant legal uncertainty and consequences for real estate stakeholders and the private equity industry, say attorneys at Simpson Thacher.

  • Prepping Your Business Ahead Of Affirmative Action Ruling

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    The U.S. Supreme Court's upcoming ruling on whether race should play a role in college admissions could potentially end affirmative action, and companies will need a considered approach to these circumstances that protects their brand power and future profits, and be prepared to answer tough questions, say Nadine Blackburn at United Minds and Eric Blankenbaker at Weber Shandwick.

  • Tackling Judge-Shopping Concerns While Honoring Localism

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    As the debate continues over judge-shopping and case assignments in federal court, policymakers should look to a hybrid model that preserves the benefits of localism for those cases that warrant it, while preventing the appearance of judge-shopping for cases of a more national or widespread character, says Joshua Sohn at the U.S. Department of Justice.

  • How Attorneys Can Help Combat Anti-Asian Hate

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    Amid an exponential increase in violence against Asian American and Pacific Islander communities, unique obstacles stand in the way of accountability and justice — but lawyers can effect powerful change by raising awareness, offering legal representation, advocating for victims’ rights and more, say attorneys at Gibson Dunn.