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  • July 16, 2024

    'Excuse Me?': Judge Vexed By Defamation Claim In Ch. 7 Row

    A Connecticut bankruptcy judge on Tuesday appeared skeptical of defamation and tortious interference claims New York-based real estate investor EasyKnock Inc. filed against a trustee handling the Chapter 7 estate of a onetime homeowner, forcing company attorneys to at times to admit they cited no authority to support their case.

  • July 16, 2024

    White House Proposes Rent Caps For Corporate Landlords

    President Joe Biden on Tuesday unveiled a slate of proposals intended to lower housing costs, chief among them being a push for Congress to pass legislation capping corporate landlords' ability to raise rents by more than 5%.

  • July 16, 2024

    Florida Developer Pays $14M For Land For Gated Community

    Florida-based developer and homebuilder 13th Floor Homes bought 270 acres of land in Tamarac, Florida, for $14 million and plans on building a 335-home, single-family luxury gated community, the company announced.

  • July 16, 2024

    Biden Admin. Awards $325M To Redevelop 'Distressed' Homes

    The Biden administration awarded multiple public housing authorities, cities and Miami-Dade County with more than $325 million in grant funding that will be used to "redevelop distressed housing with high-quality mixed-income options," the administration and the U.S. Department of Housing and Urban Development jointly announced Tuesday.

  • July 16, 2024

    REIT Defends Financials After Reports Of Probe Emerge

    Arbor Realty Trust said that it's standing by its accounting practices after a news outlet reported the company is under investigation in the wake of numerous short-seller reports alleging fraud in its books.

  • July 16, 2024

    County Says Pittsburgh Schools Can't Force Reassessment

    As one taxing body out of many in Allegheny County, Pennsylvania, the School District of Pittsburgh lacks standing in its lawsuit seeking to force a countywide reassessment of property values, the county said in its preliminary objections to the suit.

  • July 16, 2024

    The 2024 Diversity Snapshot: What You Need To Know

    Law firms' ongoing initiatives to address diversity challenges have driven another year of progress, with the representation of minority attorneys continuing to improve across the board, albeit at a slower pace than in previous years. Here's our data dive into minority representation at law firms in 2023.

  • July 16, 2024

    These Firms Have The Most Diverse Equity Partnerships

    Law360’s law firm survey shows that firms' efforts to diversify their equity partner ranks are lagging. But some have embraced a broader talent pool at the equity partner level. Here are the ones that stood out.

  • July 16, 2024

    Ex-Philly Charter School Exec Gets 7 Years For Embezzlement

    Abdur Rahim Islam, who ran famed R&B producer Kenny Gamble's Philadelphia-based housing and education nonprofit, was sentenced Tuesday to seven years in prison for stealing hundreds of thousands of dollars from the organization and using the ill-gotten gains for Caribbean vacations.

  • July 15, 2024

    Investor Sues To Block Co-Founder Takeover At Startup Redy

    Colorado investor Deer Park Road Management Co. argues a non-celebrity co-founder of real estate marketplace Redy.com took money from the startup to fund his lifestyle and cover an $875,000 civil defamation settlement as he tries to complete a takeover of the company's board.

  • July 15, 2024

    Bulk Billing Regs Could Hurt Lower-Income Tenants, FCC Told

    Tighter regulations on bulk billing in multitenant environments could make it harder for seniors, low-income households and students to afford high-speed internet service, industry representatives told the Federal Communications Commission.

  • July 15, 2024

    VA Campus' Income Limits Are Discriminatory, Judge Finds

    A California federal judge sided with a class of homeless, disabled military veterans on some of their claims in a lawsuit accusing the U.S. Department of Veterans Affairs and the U.S. Department of Housing and Urban Development of discrimination for failing to build permanent supportive housing for them in Los Angeles.

  • July 15, 2024

    Broker Guides $57M Sale Of Fla. Multifamily Community

    A Florida-based real estate company purchased a 296-unit multifamily Fort Myers, Florida, community in a $57 million deal brokered by JBM Institutional Multifamily Advisors, the broker announced Monday.

  • July 15, 2024

    Conn. Mixed-Use Project Moves Ahead With $165M Financing

    Four firms and one solo practitioner guided Barings and Counterpointe Sustainable Real Estate's provision of a combined $165.3 million for the second phase of Baywater Properties' mixed-use development in Darien, Connecticut, according to a Monday statement from Barings.

  • July 15, 2024

    Pa. Extends Tax Breaks To Longtime Pittsburgh Homeowners

    Pennsylvania will expand a property tax relief program to allow longtime homeowners in Pittsburgh to claim tax breaks related to rising real estate taxes under a bill signed by Democratic Gov. Josh Shapiro.

  • July 15, 2024

    DC Circ. Won't Rethink Revived DOJ Realtor Antitrust Probe

    The D.C. Circuit won't reconsider a ruling that allowed the U.S. Department of Justice to reopen an investigation into certain rules and policies of the National Association of Realtors, rejecting the trade group's request that the court correct "far-reaching and exceptionally important" legal errors.

  • July 15, 2024

    McElroy Deutsch Fights 'Malicious' Claim In Exec Fraud Case

    McElroy Deutsch Mulvaney & Carpenter LLP and its former business development director, who is accused of stealing millions from the firm partially via fraudulent credit card use, are at odds over whether the firm's ex-employee should be allowed to bring a malicious prosecution counterclaim in New Jersey state court.

  • July 15, 2024

    Multifamily CMBS Loan Distress Keeps Climbing

    The percentage of commercial mortgage-backed securities loans for multifamily properties in distress has more than tripled since January, reaching new heights in June, per a report from CRED iQ.

  • July 15, 2024

    LendingTree Urges FCC To Narrow Lead Consent Rule

    Loan marketplace LendingTree is asking the Federal Communications Commission to add an exception to its new "lead generator" consent rule, saying that as it's currently constructed, the rule disadvantages small businesses competing with larger brand names.

  • July 15, 2024

    TPG Real Estate Buys MHC Portfolio In $740M Deal

    Canadian Apartment Properties Real Estate Investment Trust on Monday revealed it has agreed to sell its manufactured-home community portfolio to private equity giant TPG's real estate platform for $740 million.

  • July 12, 2024

    Law360 Names 2024's Top Attorneys Under 40

    Law360 is pleased to announce the Rising Stars of 2024, our list of 158 attorneys under 40 whose legal accomplishments belie their age.

  • July 12, 2024

    Property Plays: Brookfield, Bally's, Kushner Cos.

    Property Plays is a weekly roundup of the latest loans, leases, sales and projects around the country. Send your tips — all confidential — to realestate@law360.com.

  • July 12, 2024

    Conn. Justices Avoid Entanglement Issues In Rabbi Land Row

    The Connecticut Supreme Court on Friday agreed that a property dispute between the Chabad Lubavitch of Western and Southern New England Inc. and a Stamford rabbi belongs before a private religious panel, settling the case on arbitration principles and declining to analyze broader entanglement questions.

  • July 12, 2024

    Behind Ex-McElroy Deutsch CFO's Ch. 11

    McElroy Deutsch Mulvaney & Carpenter's former chief financial officer, who has admitted to skimming off $1.5 million from his firm, has filed for bankruptcy in New Jersey as he faces both a civil suit and criminal charges over the embezzlement.

  • July 12, 2024

    DC To Offer 15-Year Tax Freeze For Office Conversion Projects

    Washington, D.C., plans to offer a 15-year property tax freeze for projects that aim to reposition an office building for a different commercial use, building on the city's larger effort to enliven its downtown, according to an announcement by Mayor Muriel Bowser.

Expert Analysis

  • In The CFPB Playbook: Regulatory Aims Get High Court Assist

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    Newly emboldened after the U.S. Supreme Court last month found that the Consumer Financial Protection Bureau's funding is constitutional, the bureau has likely experienced a psychic boost, allowing its already robust enforcement agenda to continue expanding, say attorneys at Husch Blackwell.

  • What's New In Kentucky's Financial Services Overhaul

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    Kentucky's H.B. 726 will go into effect in July and brings with it some significant restructuring to the Kentucky Financial Services Code, including changes to mortgage loan license fees and repeals of provisions relating to installment term loans and savings associations, say attorneys at Frost Brown.

  • A Comparison Of FDIC, OCC Proposed Merger Approaches

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    Max Bonici and Connor Webb at Venable take a closer look at the Federal Deposit Insurance Corp.'s and Office of the Comptroller of the Currency's respective bank merger proposals and highlight certain common themes and important differences, in light of regulators continually rethinking their approaches to bank mergers.

  • Tax Assessment: Recapping Georgia's Legislative Session

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    Jonathan Feldman and Alla Raykin at Eversheds Sutherland examine tax-related changes from Georgia’s General Assembly — such as the governor’s successful push to accelerate income tax cuts — and suggest steps to take before certain tax incentives are challenged in the state's next legislative session.

  • 11th Circ. Ruling May Foreshadow Ch. 15 Clashes

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    The Eleventh Circuit's recent decision in In re: Talal Qais Abdulmunem Al Zawawi has introduced a split from the Second Circuit regarding whether debtors in foreign proceedings must have a domicile, calling attention to the understudied nature of Chapter 15 of the Bankruptcy Code, say attorneys at Cleary.

  • Teaching Yoga Makes Me A Better Lawyer

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    Being a yoga instructor has helped me develop my confidence and authenticity, as well as stress management and people skills — all of which have crossed over into my career as an attorney, says Laura Gongaware at Clyde & Co.

  • A Look At New IRS Rules For Domestically Controlled REITs

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    The Internal Revenue Services' finalized Treasury Regulations addressing whether real estate investment trusts qualify as domestically controlled adopt the basic structure of previous proposals, but certain new and modified rules may mitigate the regulations' impact, say attorneys at Simpson Thacher.

  • What CRA Deadline Means For Biden Admin. Rulemaking

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    With the 2024 election rapidly approaching, the Biden administration must race to finalize proposed agency actions within the next few weeks, or be exposed to the chance that the following Congress will overturn the rules under the Congressional Review Act, say attorneys at Covington.

  • How New Rule Would Change CFIUS Enforcement Powers

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    Before the May 15 comment deadline, companies may want to weigh in on proposed regulatory changes to enforcement and mitigation tools at the disposal of the Committee on Foreign Investment in the United States, including broadened subpoena powers, difficult new mitigation timelines and higher maximum penalties, say attorneys at Venable.

  • 2nd Circ. Eminent Domain Ruling Empowers Municipalities

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    The Second Circuit's recent decision in Brinkmann v. Town of Southold, finding that a pretextual taking does not violate the Fifth Amendment's takings clause, gives municipalities a powerful tool with which to block unwanted development projects, even in bad faith, say James O'Connor and Benjamin Sugarman at Phillips Lytle.

  • SEC Should Be Allowed To Equip Investors With Climate Info

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    The U.S. Securities and Exchange Commission's new rule to require more climate-related disclosures will provide investors with much-needed clarity, despite opponents' attempts to challenge the rule with misused legal arguments, say Sarah Goetz at Democracy Forward and Cynthia Hanawalt at Columbia University’s Sabin Center for Climate Change.

  • 8 Fla. Statutes That Construction Cos. Should Prepare For

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    In this article, Jason Lambert at Hill Ward discusses a number of recent bills out of the Florida Legislature targeting construction companies in the Sunshine State that have been sent to the governor for signature, at least some of which will have broad impacts that affected companies should prepare for ahead of the July 1 effective date.

  • Time To Fix NYC's Broken Property Assessment System

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    A New York appellate court's decision to revive Tax Equity Now New York v. City of New York may force the city to revamp its outdated and unfair real estate tax assessment system, which could be fixed with a couple of simple changes, says Seth Feldman at Romer Debbas.