Residential
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September 23, 2025
Cleary Guides $138M Loan For Queens Multifamily Build
Cleary Gottlieb Steen & Hamilton LLP advised on a $138 million loan for a recently completed Queens multifamily property developed by real estate firms Cantor Fitzgerald and Silverstein Properties, according to documents made public Tuesday.
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September 23, 2025
Law Firms Sued Over La. Hurricane Claim Fee Scheme
Two law firms and certain attorneys engaged in a scheme to "grossly and blatantly" inflate damages estimates for hurricane-related property insurance claims in order to "collect an exorbitant fee which they would all share," a group of seven Louisiana residents told a Louisiana federal court.
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September 23, 2025
1st Circ. Won't Let Citizens Bank Escape Escrow Interest Suit
The First Circuit has revived a proposed class action accusing Citizens Bank of violating Rhode Island law by not making interest payments for mortgage escrow accounts, ruling the action must be reinstated in part because of a U.S. Supreme Court decision handed down after the case was dismissed.
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September 23, 2025
Airbnb Fights $10.5M Colorado Tax Bill On Guest Fees
The guest fee charged by Airbnb on rentals in Colorado is not subject to state and local sales taxes, the company told a state court, seeking to overturn a $10.5 million assessment by the state Department of Revenue.
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September 23, 2025
Insurer Says REIT Won't Return Overpayment For Fire Damage
A commercial real estate insurance provider sued an affiliate of Revere Capital Corp. in Mississippi federal court, alleging the policyholder was overpaid for fire damage at an apartment complex and has refused to return the overpayment.
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September 22, 2025
Homeowners Want Allstate Denied Exit In 'Dead' Expert Case
A couple is fighting to continue their homeowner water damage coverage claims in Texas federal court against Allstate, in a case brought by a Houston lawyer accused of presenting testimony from a dead expert witness in the case.
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September 22, 2025
Zillow Accused Of Jacking Up Costs Via Hidden Agent Fees
A proposed class of homebuyers is claiming that real estate search platform Zillow uses its market dominance to illegally increase purchase prices nationwide, particularly via steep agent fees that are never disclosed to buyers or sellers, according to a suit filed Friday in Washington federal court.
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September 22, 2025
EB-5 Industry Leaders Ponder Path To Long-Term Future
While the 35-year-old EB-5 investment visa program has been enjoying arguably its strongest period, following recent reforms, the program's fate came up frequently during the Advanced EB-5 Industry Conference last week in Miami — and that was before President Donald Trump signed an order to roll out his own "gold card" investment visa program late Friday.
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September 22, 2025
HUD Attys Say Trump Is Undermining Fair Housing Work
A group of U.S. Department of Housing and Urban Development attorneys claimed in a lawsuit Monday that the Trump administration is deliberately undermining the federal government's enforcement of fair housing laws.
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September 22, 2025
Catching Up With Delaware's Chancery Court
Last week, Match.com secured approval for a $30M settlement over its 2019 reverse spinoff from IAC, and Vice Chancellor Morgan T. Zurn urged decorum among Delaware lawyers, comparing recent legal turmoil to dark times in British monarchy history. Here's the latest from the Chancery Court.
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September 22, 2025
2 More NYC Casino Proposals Fold
The last remaining proposal for a casino in Manhattan has failed to obtain a full gaming license in New York City, and, ahead of a vote, local elected officials have also ruled out a Coney Island casino plan.
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September 22, 2025
Summer 2025: Hottest Buyer's Market In More Than A Decade
This past summer was the strongest buyer's market in more than a decade, with Florida and Texas showing the most strength, according to a Monday report from residential brokerage firm Redfin.
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September 22, 2025
Rosenberg & Estis Adds Attys To Commercial Litigation Team
Rosenberg & Estis PC has hired a former Ford O'Brien Landy LLP partner as a member and an ex-Milbank LLP associate as counsel for its general commercial litigation team in New York City, the firm announced.
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September 22, 2025
Greenberg Traurig Financial Atty Joins McGlinchey Stafford
McGlinchey Stafford PLLC announced that an experienced consumer finance attorney with in-house experience has joined the firm's Fort Lauderdale, Florida, office from Greenberg Traurig LLP.
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September 22, 2025
RealPage Settles Nevada's Rent Pricing Software Claims
RealPage has reached a settlement with the state of Nevada over concerns about the use of its revenue management software by rental housing owners, with the company admitting to no wrongdoing but agreeing to put limits on its use of nonpublic data in the state.
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September 22, 2025
PE-Backed Flood Insurance Provider Neptune Eyes $350M IPO
Florida-based residential and commercial flood insurer Neptune Insurance said Monday that it is seeking a valuation of $2.76 billion in an initial public offering next week advised by Orrick Herrington & Sutcliffe LLP and Davis Polk & Wardwell LLP.
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September 22, 2025
Mass. Court Says Property In Historic District Isn't Tax-Exempt
A Massachusetts man failed to prove his property was tax-exempt because it was "taken" by the government when the city designated the property to be in a historic district, the state appellate court ruled Monday.
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September 22, 2025
NYC Real Estate Week In Review
Richter Restrepo and Adler & Stachenfeld landed work on two of the largest New York City real estate deals that hit public records last week, a period that saw multiple large apartment building trades.
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September 22, 2025
2 Firms Advise Compass' $1.6B Buy Of Broker Anywhere
Real estate broker Compass said Monday that it has struck a deal to acquire rival broker Anywhere Real Estate for $1.6 billion, in a transaction advised by Kirkland & Ellis LLP and Wachtell Lipton Rosen & Katz.
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September 22, 2025
2 Firms Guide $142M Financing For Bronx Apartment Complex
A New York City housing nonprofit acquired a cluster of apartment buildings in the Bronx where formerly homeless families live, a complex it plans to renovate with the help of a $142 million capital stack, guided by Richter Restrepo PLLC and Blank Rome LLP.
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September 19, 2025
Justices Asked To Review Optional NAR Rule In Zillow Case
A defunct brokerage platform is asking the U.S. Supreme Court to review its case accusing Zillow and the National Association of Realtors of stamping out competition by using the trade association's optional rule to relegate outside home listings to a secondary tab on Zillow's site.
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September 19, 2025
JLL Lines Up $54M Brooklyn Development Site Sale
JLL Capital Markets has secured the $54.3 million sale of a 289,957-square-foot Brooklyn development site that's been approved to be the location of a 10-story, 355-unit apartment building.
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September 19, 2025
Chinese Citizens Sue Texas Over Real Estate Ownership Ban
Three citizens of the People's Republic of China claimed in Texas federal court that a recently passed law prohibiting people from certain countries deemed hostile to the U.S. from buying land in the state is unconstitutional.
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September 19, 2025
Dwight Nets Capital For $1B In Multifamily Construction Loans
Dwight Securities Management LLC has obtained enough capital to originate up to $1 billion worth of construction loans that use U.S. multifamily properties as collateral, the company announced Friday.
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September 19, 2025
Ex-Construction Co. General Counsel Joins Bilzin Sumberg
Miami-based Bilzin Sumberg Baena Price & Axelrod LLP announced that the former general counsel of contractor Coastal Construction has joined the firm as a partner.
Expert Analysis
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Measuring And Mitigating Harm From Discriminatory Taxes
In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.
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Calif. Banking Brief: All The Notable Legal Updates In Q1
Among the most notable developments in California banking in the first quarter of the year, regulators and legislators issued regulations interpreting debt collection laws, stepped up enforcement actions, and expanded consumer protections for those affected by wildfires, says Stephen Britt at Severson & Werson.
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Addressing Tariff Price Escalation In Construction Contracts
As construction projects across the U.S. face uncertainty surrounding material price increases driven by government-imposed tariffs, owners and developers should draft strong contracts to protect themselves from tariff-related cost overruns and delays, say attorneys at Akerman.
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Reconciling 2 Smoke Coverage Cases From California
As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on insurance coverage, the February state appellate ruling denying coverage for property damage from smoke, ash and soot should be viewed as an outlier, say attorneys at Reed Smith.
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How Fla. Is Floating A Raft Of Bills To Stem Insurance Woes
Proposed reforms that follow a report skewering Florida's insurance industry offer a step in the right direction in providing relief for property owners, despite some limitations, say attorneys at Farah & Farah.
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After Fires, Calif. Must Streamline Enviro Reviews For Housing
Recent waivers to the California Environmental Quality Act and other laws granted by California Gov. Gavin Newsom to expedite reconstruction of residential property damaged in the Los Angeles wildfires are laudable — but given the state's widespread housing shortage, policymakers should extend the same benefits to other communities, say attorneys at Alston & Bird.
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Making The Opportunity Zones Program Great At Last
As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.
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How 2025 Is Shaping The Future Of Bank Mergers So Far
Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.
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Why NY May Want To Reconsider Its LLC Transparency Law
Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.
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Dewberry Ruling Is A Wakeup Call For Trademark Owners
The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.
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California Climate Lawsuit Bill Is Constitutionally Flawed
A bill in the California Legislature that would let victims of climate-related disasters like the Los Angeles wildfires sue oil and gas producers for spreading misinformation about climate change is too vague, retroactive and focused on one industry to survive constitutional scrutiny, says Kyla Christoffersen Powell at the Civil Justice Association of California.
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The Current And Future State Of Bank-Fintech Partnerships
Though the Consumer Financial Protection Bureau under President Donald Trump seems likely to cultivate an environment friendlier to the financial services industry, bank-fintech partnerships should stay devoted to proactive compliance and be ready to adapt to regulatory shifts that may intensify scrutiny from enforcers, say attorneys at Greenberg Traurig.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.