Residential

  • December 01, 2022

    Two Convicted In Foreclosure 'Rescue' Scam

    Two people were found guilty Thursday following a trial for their roles in a multilevel marketing scheme that preyed on hundreds of distressed homeowners who reaped little benefit other than the delay of their pending foreclosures, Ohio federal prosecutors said.

  • December 01, 2022

    ​​​​​​​Ex-Loan Officer Says PHH Mortgage Underpaid OT

    A former loan officer for PHH Mortgage Corp. hit the company with a proposed class and collective action on Thursday, alleging the New Jersey-based mortgage lender doesn't calculate overtime wages correctly and has failed to pay employees what they are owed under labor laws.

  • December 01, 2022

    Blackstone Curtails Real Estate Fund Redemptions

    Blackstone has informed investors it has limited withdrawals from its $69 billion real estate investment trust.

  • December 01, 2022

    Real Estate Rumors: McKinsey, Avanath Capital, State Farm

    McKinsey & Co. has reportedly leased more than 19,000 square feet at U.S. Bank Tower in Los Angeles, the Brodsky Organization is said to be selling a Brooklyn residential building for north of $100 million and State Farm has reportedly loaned $26 million for a Long Island shopping center.

  • December 01, 2022

    NC ​​​​​​​Home Sellers Should Disclose Flood History, Agency Told

    A coalition of environmental and local community advocates asked the North Carolina Real Estate Commission on Thursday to make home sellers disclose in-depth records of past flood damage to potential buyers, citing the state's heightened vulnerability to flooding due to climate change.

  • December 01, 2022

    CFPB Urges 4th Circ. To Back PNC Borrower's Class Claim

    The Consumer Financial Protection Bureau told the Fourth Circuit in a neutral amicus brief to reinstate a putative class action claim for a PNC Bank borrower's suit, arguing that the lower court "improperly narrowed" a federal regulation that stops lenders from withdrawing from deposit accounts to cover debts caused by credit card plans.

  • December 01, 2022

    NC Tenant Brings New Rent-Fixing Case Against RealPage

    A North Carolina tenant has accused RealPage Inc. and a group of large rental companies of using data analytics software to coordinate rent increases in the latest antitrust suit seeking class certification.

  • December 01, 2022

    US Construction Spending Fell In October, Report Shows

    Overall construction spending across the country declined 0.3% in October, although nonresidential public spending in areas such as education saw increases, the U.S. Census Bureau reported Thursday.

  • December 01, 2022

    Accounting Firm To Pay $3M To Avoid Claims In Fraud Scheme

    A Texas accounting firm that did tax and clerical work for a company accused of defrauding Chicago real estate investors has agreed to pay the company's receivership $3 million to head off claims regarding its role in the scheme, according to a motion filed in Illinois federal court. 

  • November 30, 2022

    NY AG Says Prosecutor Has No Ill Will For Eviction Firm

    The New York Attorney General's Office fought an eviction law firm's motion to disqualify state prosecutor Brent N. Meltzer from the attorney general's debt collection suit against the firm, arguing in state court that the motion is a "self-serving, tactical delay" for the litigation.

  • November 30, 2022

    Tempe Council Advances $2.1B Arena Plan To Voters

    Tempe, Arizona's city council unanimously greenlighted a proposal by an affiliate of the NHL's Arizona Coyotes to construct a $2.1 billion arena and entertainment district on city land, teeing the project up for a possible May vote.

  • November 30, 2022

    Travelers Unit Says HOA Not Covered For Repair Spat

    A Travelers unit told a Colorado federal court that it shouldn't have to defend a homeowners association in an underlying lawsuit another Travelers unit brought against the association over a hail damage dispute, pointing to a pair of exclusions in an HOA liability policy.

  • November 30, 2022

    Airbnb, Building Owners Partner To Boost Tenant-Hosting

    Airbnb said Wednesday it is working with multifamily building owners in 29 cities to advertise apartments where tenants are allowed to host short-term rentals for the platform's customers, touting it as a new revenue generator for renters and their landlords.

  • November 30, 2022

    Local Gov'ts Dig Deep To Tackle Regs For Bitcoin Mining

    Bitcoin mines tend to drive up energy costs and generate loud noises that can irritate neighbors, but governments increasingly are regulating them to the point that some think the industry could move the needle on renewable energy.

  • November 30, 2022

    Real Estate Rumors: LA Family Housing, AECOM, Azoffs

    LA Family Housing is reportedly hoping to convert a former California motel into apartments, AECOM is reportedly downsizing at 100 Park Ave. in New York, and Irving and Sheli Azoff have reportedly sold a Los Angeles mansion for $25 million.

  • November 30, 2022

    Justices Ponder 'Drive-By' Take On Jurisdiction In Title Case

    The U.S. Supreme Court on Wednesday examined whether its prior pronouncements regarding the Quiet Title Act's statute of limitations bar federal courts from hearing a dispute over a remote Montana road.

  • November 30, 2022

    NOLA Landlord Says Insurers Can't Force $7M Hurricane Arb.

    The owner of a block of New Orleans luxury apartments and retail shops urged a Louisiana federal judge to deny a group of insurers' bid to arbitrate its $7 million claim related to Hurricane Ida damage, arguing that the companies can't force arbitration in New York.

  • November 30, 2022

    Bankruptcy Judge Says Lease Sex Clause Trial Can Resume

    A Nevada bankruptcy judge on Wednesday said he would lift a pause on a federal trial in which a former property manager has been accused of violating fair housing law and issuing a lease attachment to a tenant for consent to sexual favors. 

  • November 30, 2022

    IRS Corrects Housing Credit Income Test Table

    The Internal Revenue Service published corrected rules Wednesday for the low-income housing credit average income test. 

  • November 30, 2022

    Insurer Says Texas Law, False Statements Sink Hail Suit

    An insurer told a Texas federal court that a property owner's hail damage claims fail both because of the state's concurrent cause doctrine and because the company included false information on its insurance application.

  • November 30, 2022

    Saul Ewing Corporate Pro Joins Akerman In Austin

    Akerman LLP added a partner from Saul Ewing Arnstein & Lehr LLP to its corporate practice group in Austin, Texas.

  • November 30, 2022

    Student Housing Investor Says Partner Shut It Out Of LLC

    A dispute over the management of a student housing complex in North Carolina has made its way to Delaware's Court of Chancery, after one member of the LLC that owns the property sued the other, alleging that its partner has been stonewalling and excluding it for months.

  • November 30, 2022

    Reverse Mortgage REIT Blames Rate Hikes For $10B+ Ch. 11

    New Jersey-based real estate investment trust Reverse Mortgage Investment Trust Inc. Wednesday filed for Chapter 11 protection in Delaware bankruptcy court with more than $10 billion in debt, blaming rising interest rates and other market disruptions.

  • November 30, 2022

    Judge Strikes NY Municipality's 'Good Cause' Eviction Law

    A New York state judge has struck down a local law in the city of Newburgh that had blocked evictions without good cause, finding that Local Law 6 is preempted by state-level property law.

  • November 30, 2022

    4th Circ. Rejects FTC Bid To Rethink Sanctuary Belize Case

    The Fourth Circuit won't take a second look at its decision to dismantle a $120 million default judgment against several defendants in the offshore real estate scam known as Sanctuary Belize.

Expert Analysis

  • NYC's New Law Is A Game Changer For Short-Term Rentals

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    On Jan. 9, strict new regulations controlling New York City's short-term rental industry will take effect, likely giving landlords the upper hand in addressing what has been one of the city's least-regulated industries, say Adam Lindenbaum and Collin Chipetine at Rosenberg & Estis.

  • Fla. Insurance Suit Trends To Look Out For After Hurricane Ian

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    There will likely be tens of thousands of property insurance lawsuits filed in the wake of Hurricane Ian, and carriers and insureds will need to view claims through Florida's Valued Policy Law, the concurrent cause doctrine and anti-concurrent cause provisions, say David Levin and Spencer Leach at Baker Donelson.

  • Law Schools Are Right To Steer Clear Of US News Rankings

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    By opting out of participating in the U.S. News & World Report annual rankings, law schools abandon a profoundly flawed system and free up their resources to adapt to the tsunami of changes overtaking the profession, says Nicholas Allard at Jacksonville University College of Law.

  • How CRE Buyers' Counsel Should Help Negotiate Sales

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    With commercial real estate deals becoming increasingly difficult for buyers in the current economy, it is crucial for buyers' counsel to understand how to push for specific representations and warranties in purchase and sale agreements without jeopardizing the deal, says Etan Moskovic at Cassin & Cassin.

  • Litigation Funders Seek Transparency In Disclosure Debate

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    Litigation funders want to correct the record on calls for funding disclosure in the name of transparency, as this purported justification obscures the disclosure's adverse effects — prejudicing plaintiffs' cases and discouraging the assertion of meritorious legal claims, say Dai Wai Chin Feman and William Weisman at Parabellum Capital.

  • 5 Principles For Better Professional Development Programs

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    The pandemic and ensuing "great resignation" have resulted in a more transient legal work force, but law firms can use effective professional development programs to bridge a cultural gap with new associates and stem associate attrition, says Matthew Woods at Robins Kaplan.

  • My Favorite Law Prof: How I Learned To Practice With Passion

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    First Circuit Judge Gustavo Gelpí recalls how Suffolk University Law School's Joseph Glannon taught the importance of the law as both a tool and a profession, and that those who wish to practice law successfully must do so with love, enthusiasm and passion.

  • Policyholders Are Not To Blame For Social Inflation

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    As part of the controversial assertion that insurers are facing an unprecedented increase in claims costs due to so-called social inflation, a recent Law360 guest article argued that policyholders contribute to social inflation and are therefore responsible for remedying it, but these accusations are unsupported by empirical data, says Benjamin Tievsky at Pillsbury.

  • State-Led Programs Can Speed Up Brownfield Development

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    Too often, publicly funded brownfields programs are not optimized to achieve redevelopment in the near term, but policymakers can address this problem by directing additional resources toward state-level brownfields programs that offer thoughtfully designed tax incentives and liability protection, says Gerald Pouncey at Morris Manning.

  • Questions To Ask Before Making A Lateral Move As Partner

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    Law firm partners considering lateral moves should diligently interview prospects — going beyond standard questions about compensation to inquire about culture, associate retention and other areas that can provide a more comprehensive view, says Lauren Wu at VOYLegal.

  • My Favorite Law Prof: How I Learned To Argue Open-Mindedly

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    Queens College President Frank Wu reflects on how Yale Kamisar’s teaching and guidance at the University of Michigan Law School emphasized a capacity to engage with alternative worldviews and the importance of the ability to argue for both sides of a debate.

  • ABA's No-Contact Rule Advice Raises Questions For Lawyers

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    The American Bar Association's ethics committee recently issued two opinions concerning the no-contact rule — one creates an intuitive and practical default for electronic communications, while the other sets a potential trap for pro se lawyers, say Lauren Snyder and Deepika Ravi at HWG.

  • Construction Cos. Can Address Social Media In Settlements

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    Negative social media posts are increasingly factoring into construction disputes, and attorneys must understand what to prioritize when negotiating such issues in settlement agreements, say Gary Strong and Dinora Lopez at Gfeller Laurie.