Residential

  • October 03, 2022

    $153M Green Construction Financing 'Largest Industry's Seen'

    A hotel resort project near Utah's Zion National Park and developed by Reef Capital Partners has obtained $153 million in funding from Petros PACE Finance to support sustainable construction in a deal Petros' CEO called "the largest the industry has seen," the finance company said Monday.

  • October 03, 2022

    Bankruptcy Filing Pauses Trial Over Sex Favors Lease Clause

    A former Las Vegas property manager facing sex discrimination and harassment claims under the Fair Housing Act filed for Chapter 7 bankruptcy late Sunday, pausing his bench trial just as it was set to resume in Nevada federal court.

  • October 03, 2022

    5th Circ. Says Liberty Mutual Flood Damage Suit Was Too Late

    The Fifth Circuit rejected a flood insurance appeal from a Baton Rouge homeowner, agreeing with Liberty Mutual that she filed her suit too late to move forward.

  • September 30, 2022

    Nevada Trial Over Sex Favors Clause In Lease To Resume

    A bench trial will resume Monday in Nevada in which a Las Vegas mother of five is alleging her former property manager issued a lease attachment soliciting sexual favors, after a nearly two-month break precipitated by threats toward the man.

  • September 30, 2022

    Landowners Seek Cert Again In Unpaid Gas Storage Suit

    A Pennsylvania landowner asked a federal court to again certify a class action against a natural gas producer accused of storing gas below neighbors' properties without payment, less than two months after the Third Circuit scrapped an initial certification.

  • September 30, 2022

    Crypto 'Academy' Was Just Another $12M Scam, SEC Says

    The U.S. Securities and Exchange Commission has filed suit against a pair of purported crypto entrepreneurs and their companies, claiming the men duped predominantly Latino investors out of more than $12 million while claiming they wanted to "empower the common man."

  • September 30, 2022

    Appraisals Are Latest Front In Anti-Bias Efforts For Housing

    As the nation confronts a stubborn racial gap in homeownership rates that is larger now than when the Fair Housing Act was enacted in 1968, homeowners and housing activists, as well as a fledgling government task force, have the home appraisal industry in the crosshairs.

  • September 30, 2022

    CoreLogic Puts Ian Storm Damages Between $28B And $47B

    Hurricane Ian's devastating cost in Florida could amount to between $28 billion and $47 billion, the analytics company CoreLogic estimated, with most losses coming from wind damage to commercial and residential properties.

  • September 30, 2022

    Fannie Mae Taps Housing Nonprofit Leader As CEO

    The president and CEO of Enterprise Community Partners is joining Fannie Mae as the company's new CEO and a member of its board of directors, the lender announced this week.

  • September 30, 2022

    Energy Cos. Pin Duty On W.Va. In Unplugged Wells Suit

    Two major energy companies argued that they aren't responsible for plugging allegedly abandoned gas wells that a proposed class of landowners say are burdening their properties, urging the West Virginia federal court to throw the claims out for being at odds with state law.

  • September 30, 2022

    Realty Co. Shouldn't Get To Dodge Bias Suit, NY Court Told

    A New York City brokerage company shouldn't be allowed to escape a suit alleging it discriminates against prospective tenants who use vouchers even though the company claims that evidence shows otherwise, a housing watchdog's attorney said Friday.

  • September 30, 2022

    Real Estate Rumors: Coral Springs, Eden Housing, Bardas

    Coral Springs, Florida, reportedly could still get a new movie theater; Eden Housing is said to have paid $31.3 million for a California affordable housing complex; and Bardas Investment Group is reportedly seeking permission to transform a historic Hollywood studio site.

  • September 30, 2022

    EPA Releases Superfund Environmental Justice Guidance

    The U.S. Environmental Protection Agency on Friday published a plan to more fully integrate environmental justice considerations into its Superfund program, from compliance to rulemaking and permitting.

  • September 30, 2022

    Chicago Mayor Scraps Inflation-Tied Property Tax Hike Plan

    Chicago Mayor Lori Lightfoot will seek to offer a one-year reprieve from an inflation-based property tax increase in her upcoming budget proposal, backtracking from her previous suggestion for a 2.5% increase to the city's property tax levy.

  • September 30, 2022

    Forchelli Deegan Expands Tax Cert Practice With Combination

    New York-based firm Forchelli Deegan Terrana LLP announced Friday that the eight attorneys from real estate tax firm Koeppel Martone & Leistman LLC will combine into the firm's existing tax certiorari practice.

  • September 30, 2022

    Keller Williams Robocall Suit Merged With Cases In Texas

    A federal judge on Thursday granted a request by realtor Keller Williams to merge a Pennsylvania case accusing it of making robocalls in violation of federal telecommunications law with a set of similar cases in the Western District of Texas.

  • September 30, 2022

    Keusch Law Works On $388M NYC Deal

    Keusch Law PLLC recently assisted with the sale of three luxury commercial condominiums in Manhattan for $387.5 million from an entity of the Soloviev Group to Black Spruce Management.

  • September 30, 2022

    3 Things To Watch At High Court Wetlands Oral Arguments

    The federal government's ability to regulate and require permits under the Clean Water Act will hang in the balance Monday as the U.S. Supreme Court hears arguments from landowners and business groups pushing for a narrow statutory interpretation and the government and environmentalists seeking more expansive authority.

  • September 29, 2022

    Fla. Real Estate Attys See Lengthy Rebuild From Hurricane Ian

    As Florida began to assess the devastating damage left by Hurricane Ian, real estate attorneys in the state provided Law360 some initial insights into the storm's impact and factors that may affect rebuilding efforts.

  • September 29, 2022

    Insurer Seeks To Toss Suit Over LA Luxury Home's Fire Sale

    A specialty insurer sought to dismiss a California federal lawsuit from a builder blaming it for a multimillion-dollar property price drop due to an inadequate wildfire damage payment, saying the builder was attempting to circumvent the court's order in a related case near trial by filing its complaint.

  • September 29, 2022

    Nursing Home Creditors Get OK To File Their Own Ch. 11 Plan

    A Texas bankruptcy judge Thursday opened up the Chapter 11 case of a Dallas retirement community to alternative restructuring plans, saying support for the plan proposed by the community's operator had collapsed and time and money were running out for the business.

  • September 29, 2022

    NYC Council Backs 1400 New Homes At Queens Industrial Site

    The New York City Council gave a thumbs-up on Thursday to a 1,400-unit apartment development on a waterfront site in the Astoria section of Queens that has long been used for industrial purposes.

  • September 29, 2022

    Calif. Will Defer Property Taxes For Some Prop. 19 Claimants

    California will defer property taxes for Proposition 19 claimants who have transferred the tax base of their home to a replacement home until the new property can be reassessed under a bill signed by Democratic Gov. Gavin Newsom.

  • September 29, 2022

    Feds Ink $1.3M Settlement In Memphis Bank Bias Suit

    Memphis, Tennessee-based Evolve Bank & Trust agreed to a $1.3 million settlement Thursday, the same day the U.S. Department of Justice filed a suit alleging the bank engaged in lending discrimination based on race, sex and national origin, the DOJ announced.

  • September 29, 2022

    Real Estate Rumors: Alan Roberts Trust, Rastegar, Highwoods

    The Alan Roberts Trust reportedly could fetch $65 million with the sale of a Beverly Hills mansion, Rastegar Property is said to have inked a one-year sublease deal for space in New York, and Highwoods Properties is reportedly in talks to buy a Dallas mixed-use tower.

Expert Analysis

  • How New Va. Construction Payment Law Compares To Others

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    The Virginia Legislature's recent step toward limiting the use of certain common clauses in construction subcontracts adds to a patchwork landscape regarding pay-if-paid clauses, and all parties to a prime-sub contractor relationship should be aware of their enforceability state by state, say Dismas Locaria and Caleb McCallum at Venable.

  • Cos. Should Engage With EPA On PVC Hazard Designation

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    A pending petition to the U.S. Environmental Protection Agency to classify discarded polyvinyl chloride products as hazardous waste could have wide-ranging and unanticipated effects due to the ubiquity of PVC products — so potentially regulated industries should provide information to the EPA on the economic impact of such a move, say attorneys at Kilpatrick.

  • Stress-Testing A Real Estate JV Ahead Of New Challenges

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    In the face of potential economic headwinds, sponsors and capital partners should reexamine existing real estate joint venture agreements and pay particular attention to the concepts of capital contributions and control, say Daniel Guggenheim and Michael Soejoto at Mintz.

  • A Look At Emotional Support Animal Obligations Under FHA

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    With residents' reasonable accommodation requests for emotional support animals on the rise during the pandemic, housing providers should understand their obligations under the Fair Housing Act, and consider some best practices to properly evaluate and respond to such requests, say attorneys at Baker Donelson.

  • New P3 Authority Means Opportunities For Colo. Agencies

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    A recently passed Colorado law expanding public-private partnerships changes state-level project finance and infrastructure dramatically, allowing virtually all state agencies to avail themselves of P3 benefits including cost and schedule savings, sharing of risk, and access to innovation and private sector efficiency, say Gregory Johnson and Peter Gould at Squire Patton.

  • Assessing Risk Amid Rise Of Building Info Modeling Tech

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    As the architectural, engineering and construction industry increasingly utilizes building information modeling software, which shifts some risk to contractors, users should take steps to avoid legal risks, while enhancing projects' production and progression, says Ivan Sarkissian at McConaughy & Sarkissian.

  • NY Contractor Relief Bill Is Much-Needed, But Imperfect

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    Once signed by the governor, New York's S.B. 10109 will correctly provide relief to construction contractors negatively affected by drastic material price escalations, though it is held back by an arbitrary time restriction, say attorneys at Cohen Seglias.

  • 9th Circ. Ruling Offers Guidance On Automatic Stay Violations

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    The Ninth Circuit Bankruptcy Appellate Panel’s opinion in Censo v. Newrez clarifies the nebulous standard for automatic stay violations, and provides useful guidance for practitioners to consider in determining whether a creditor's defensive action taken in pending litigation counts as a violation, say Keith Owens and Zach Williams at Fox Rothschild.

  • Performance Bonds May Not Cover All Contract Obligations

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    Supply chain constraints and higher material prices in the construction industry are leading many project owners to require payment and performance bonds from contractors, but owners should keep in mind certain legal and practical considerations that may allow sureties to escape liability, says Daniel Miktus at Akerman.

  • Contract Diligence Is Key Amid EV Facility Construction Boom

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    As demand for new electric vehicle manufacturing facilities rises, manufacturers must recognize that such construction projects are uniquely complex undertakings with potentially mammoth financial risks, and draft contracts accordingly, says Chris Caputo at Baker Donelson.

  • NY Decision Does Not Mean The End Of RMBS Litigation

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    Though a New York state appeals court's recent decision in U.S. Bank National v. DLJ Mortgage seemingly calls into question many residential mortgage-backed securities claims, the implications of this case are not necessarily so dire for investors, says Donald Hawthorne at Curtis.

  • 2 Housing Cases Strengthen Calif.'s Density Bonus Law

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    In concert with the California Legislature's recent efforts to extend the reach of the Density Bonus Law, two Court of Appeal decisions reflect the state's deepening commitment to enforce housing law, and stand as the most significant and relevant published case law in nearly a decade, say Daniel Golub and William Sterling at Holland & Knight.

  • What Calif. Housing Laws Mean For Historic Real Estate

    Excerpt from Practical Guidance
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    Though some of California's new housing laws lessen regulations on the construction of new housing, existing regulations help protect historic real estate and resources, and there are actions attorneys and their clients can take to encourage greater protection of these sites, says Amy Minteer at Chatten-Brown Carstens.