Residential

  • April 22, 2024

    NY Creates New Affordable Housing, Conversion Tax Breaks

    Developers in New York City could qualify for new property tax abatement programs for building affordable housing and converting office buildings into affordable housing units under the New York state budget that Democratic Gov. Kathy Hocul signed into law.

  • April 22, 2024

    Atlanta Housing Authority, Developer Close On $72M Project

    Atlanta's housing authority and multifamily developer The Benoit Group closed the funding for a $72 million affordable senior housing project that's part of a larger mixed-use redevelopment plan.

  • April 22, 2024

    Judge Orders Board Vote For REIT After Ponzi Convictions

    An investor plans to nominate trustee candidates at real estate investment trust United Development Funding after a Baltimore judge ordered most board members to face reelection this year, with executives convicted in a Ponzi scheme serving time in federal prison.

  • April 22, 2024

    High Court Probes Homeless 'Status' In Camping Ban Suit

    U.S. Supreme Court justices probed the limits of what might be considered criminalizing status amid oral arguments Monday over whether an Oregon city's law banning camping on public property violates the Eighth Amendment's bar on cruel and unusual punishment.

  • April 22, 2024

    NYC Real Estate Week In Review

    Davis Polk and Rosenberg & Estis are among the law firms that handled the largest New York City real estate deals that hit public records last week, a period that saw properties for a variety of asset classes — including an office building — trade hands.

  • April 19, 2024

    Attys Wary Of 'Zero Tolerance' Approach In New PFAS Rule

    With Friday's finalization of the U.S. Environmental Protection Agency's rule designating two "forever chemicals" as hazardous, the stakes just got higher for real property due diligence work.

  • April 19, 2024

    Yardi Ordered To Provide Info On Apartment Pricing Algorithm

    Real estate management software company Yardi Systems Inc. is going to have to turn over information about who has been using its rent maximizer algorithm to renters who claim that at least 11 property management companies have been using the service to fix rental costs, a federal judge has said.

  • April 19, 2024

    Fla. Brokerage Firms Face Commission Antitrust Action

    A group of Florida brokerages faces a proposed class action accusing them of taking part in a National Association of Realtors system that a Missouri jury in October found inflated the commissions home sellers pay to agents.

  • April 19, 2024

    How Attys Are Helping DC Residents Keep Family Homes

    As homeownership rates among Black residents have fallen in the nation's capital, a new initiative aims to provide legal counsel to people living in homes that were passed down through the generations but don't have clear titles.

  • April 19, 2024

    Student Housing Co. Founder Claims She Was Pushed Out

    A co-founder of a global company formed to provide booking for student housing sued her former colleague in Delaware's Court of Chancery on Friday, alleging a scheme by insiders to push her out of the business and then line up a sale to avoid a judgment after the move's reversal.

  • April 19, 2024

    Fla. Can't Wage Real Estate War On Foreigners, 11th Circ. Told

    A group of Chinese citizens and a brokerage firm urged the Eleventh Circuit on Friday to block Florida from enforcing a law prohibiting certain foreign nationals from owning land while they challenge the statute's constitutionality, saying it's discriminatory and preempted by federal authority.

  • April 19, 2024

    CORRECTED: Fla. Jury Says AIG Mishandled Claim For Irma Damage

    A Florida federal jury on Friday found that AIG mishandled part of the claims process for damage from Hurricane Irma to a $95 million oceanfront mansion near Miami but declined to award punitive damages against the insurer.

  • April 19, 2024

    Polsinelli Adds Shareholder To Tax Credit Practice In Dallas

    An attorney who spent more than a decade developing a niche practice specializing in tax credit financing has moved her practice to Polsinelli PC's Dallas office after five years at Munsch Hardt Kopf & Harr PC.

  • April 19, 2024

    Colo. Panel Nixes Short-Term Rental Tax Boost Plan

    A Colorado measure to reclassify properties used for short-term rentals so they would be taxed at a higher rate was rejected by a Senate panel.

  • April 19, 2024

    Landlord Says Willkie Partner Can't Dodge Arbitration

    A Willkie Farr & Gallagher LLP partner's former landlord asked a Connecticut state judge to force the attorney and his wife back to arbitration in their lease dispute, arguing that they cannot dodge their binding agreement just because the parties' first-choice mediator walked away.

  • April 18, 2024

    DLA Piper Reps Fallon Co. On $147M Nashville Area Plan

    Nashville, Tennessee, officials have signed off on an agreement with The Fallon Company to redevelop a 30-acre downtown-adjacent site into a neighborhood with 1,500 housing units, surrounding a planned stadium for the Tennessee Titans NFL team.

  • April 18, 2024

    What 4 Real Estate Leaders Said At NYU's REIT Symposium

    The public real estate investment trust sector will bounce back from its current troubles "at some point," said Jon Gray, Blackstone's president. He was not the only company executive who sounded hopeful about the industry's future at New York University's 28th annual REIT symposium.

  • April 18, 2024

    SL Green Slashes Yet Another NYC Office Loan

    SL Green Realty Corp. executives announced yet another deal extinguishing tens of millions of dollars of debt tied to a Manhattan office building, leaving analysts scratching their heads at an earnings call for the second quarter in a row.

  • April 18, 2024

    Ga. Corp., Personal Income Tax Rates Dropping To 5.39%

    Domestic and foreign companies doing business in Georgia will continue to pay the same tax rate as individuals, but both corporate and personal rates will fall, according to a tax package signed Thursday by Republican Gov. Brian Kemp.

  • April 18, 2024

    Blackstone, Expecting CRE Rebound, Leans Into Deal-Making

    Executives at Blackstone, the world's largest landlord and alternative asset manager, said they see signs that commercial real estate is beginning to bounce back, despite macroeconomic challenges and a shift in how people use offices.

  • April 18, 2024

    Maui County Sued Over Wildfire Landfill Debris Storage

    Maui County has been slapped with a lawsuit in Hawaii federal court alleging it relied on a deficient, 28-year-old environmental impact statement when taking over a nearly 20-acre parcel of land to house debris from last year's massive wildfires, in violation of the Hawaii Environmental Protection Act.

  • April 18, 2024

    Judge Backs Keller Williams' Exit From 'Shotgun' Claim

    A federal magistrate judge recommended releasing Keller Williams Realty from a proposed class action, calling the lawsuit a "shotgun pleading" claiming the broker sought to generate commissions with harassing phone calls to pressure homeowners into selling.

  • April 18, 2024

    Mich. Treasury Dept. Clarifies Homestead Property Tax Credit

    Michigan's Treasury Department clarified when a homestead property tax credit applies to property that is contiguous to a property owner's home.

  • April 17, 2024

    Hawaii AG Releases Timeline Of Deadly Lahaina Wildfire

    Hawaii's attorney general on Wednesday released findings from the first report of a three-part investigation into how state and county governments responded to the wildfires that ignited on the island of Maui last year, decimating the historic town of Lahaina and leaving more than 100 people dead.

  • April 17, 2024

    Fannie Mae Gets Partial Early Win In $12M Loan Default Row

    A Texas federal judge mostly sided with Fannie Mae in its suit over a defaulted $23.26 million multifamily loan, of which the government enterprise claims it's still owed $12.56 million.

Expert Analysis

  • Preparing For Legal Scrutiny Of Data Retention Policies

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    Two recent cases involving Google and Meta should serve as a call to action for companies to ensure their data retention policies are updated and properly implemented to the degree of being able to withstand judicial scrutiny, especially as more data is generated by emerging technologies, say Jack Kallus and Labeed Choudhry at Kaufman Dolowich.

  • Echoes Of '80s Thrift Crisis Are Present In Today's Bank Woes

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    The current distress in the banking industry bears an uncanny resemblance to the thrift industry crisis of the 1980s, and while that collapse was a worst-case scenario, it provides lessons for understanding the fundamental economic forces at work today, says Alan Frankel at Coherent Economics.

  • Attorneys Should Have An Ethical Duty To Advance DEI

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    National and state bar associations are encouraging attorneys to apply diversity, equity and inclusion practices in the legal profession and beyond, and these associations should take it one step further by formally recognizing ethical duties for attorneys to promote DEI, which could better the legal profession and society, says Elena Mitchell at Moore & Van Allen.

  • Data-Driven Insights Are Key To Attracting Today's Clients

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    As law firm growth slows and competition for clients increases, modern firms must rely on robust data analytics to develop the sector-based expertise and industry insights that clients increasingly prioritize in relationships with counsel, says Lavinia Calvert at Intapp.

  • EV Chargers Can Bring Benefits For Calif. Property Owners

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    California property developers and owners face growing pressure to provide electric vehicle charging infrastructure — but this can be a unique opportunity to add value to real estate assets, and can be accomplished in multiple ways, say Riley Cutner-Orrantia and Eurie Hwang at Crosbie Gliner.

  • Brownfield Renewables Guidance Leaves Site Eligibility Murky

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    Recent IRS guidance sheds some light on the Inflation Reduction Act's incentives for renewable energy development on contaminated sites — but the eligibility of certain sites for brownfield status remains uncertain, say Megan Caldwell and Jon Micah Goeller at Husch Blackwell.

  • Pending Legislation Holds Promise For SF Buildings

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    Recently introduced state and local legislation could make it easier for office-to-residential conversion projects in San Francisco to secure approval and funding sources, although financial incentives similar to those implemented by other states may be necessary to ensure the feasibility of such projects, say Caroline Chase and Nick DuBroff at Allen Matkins.

  • A Breakdown Of Freddie Mac's New Servicer Custody Rules

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    Freddie Mac's new custodial account requirements are mostly straightforward, but even full compliance with those obligations can't eliminate the risk of unexpected bank failures, so servicers should review the ratings of their depositories and create procedures for evaluating them, says Eric Edwardson at Mayer Brown.

  • Ghosting In BigLaw: Why Better Feedback Habits Are Needed

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    Not giving assignments or constructive criticism to junior associates can significantly affect their performance and hours, potentially leading them to leave the firm, but partners can prevent this by asking the right questions and creating a culture of feedback, says Rachel Patterson at Orrick.

  • Law Needs A Balance Between Humanism And Formalism

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    A recent Law360 guest article rightly questions the pretextual pseudo-originalism that permits ideology to masquerade as judicial philosophy, but the cure would kill the patient because directness, simplicity and humanness are achievable without renouncing form or sacrificing stare decisis, says Vanessa Kubota at the Arizona Court of Appeals.

  • Short Message Data Challenges In E-Discovery

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    As short message platforms increasingly dominate work environments, lawyers face multiple programs, different communication styles and emoji in e-discovery, so they must consider new strategies to adapt their processes, says Cristin Traylor at Relativity.

  • Ambiguity In 'Buy America' Implementation May Slow Projects

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    The White House Office of Management and Budget's most recent guidance, which builds on a complex patchwork of Buy America restrictions that vary by federal agency, would perpetuate government contractors' uncertainty regarding product and material classification and could delay infrastructure projects, say attorneys at Miles & Stockbridge.

  • Thomas Report Is Final Straw — High Court Needs Ethics Code

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    As a recent report on Justice Clarence Thomas' ongoing conflicts of interest makes evident, Supreme Court justices should be subject to an enforceable and binding code of ethics — like all other federal judges — to maintain the credibility of the institution, says Erica Salmon Byrne at Ethisphere.