Residential

  • September 27, 2022

    10th Circ. Asked To Clarify Atty Fee Ruling In EB-5 Suit

    A Colorado real estate developer asked the Tenth Circuit to clarify its decision to vacate attorney fees awarded by a district judge after the appellate court revived a case brought by two groups of Chinese investors claiming they were misled in an EB-5 visa project.

  • September 27, 2022

    Fannie Mae Program Aims To Boost Renters' Credit Scores

    Fannie Mae on Tuesday rolled out a pilot program to provide an incentive for apartment building owners to track rent payments in an effort to improve — or create — credit scores for tenants.

  • September 27, 2022

    Ga. Firm Wants Fees For Deal Enforcement Bid In Realty Row

    A Georgia law firm that was sued over its role as an escrow agent in a failed $1.6 million property purchase urged a state court Tuesday to compel the would-be buyer to cover its legal costs for a bid to enforce a settlement agreement freeing it from the case.

  • September 27, 2022

    Ohio High Court Won't Review $30M Award Over Toxic Dump

    The Ohio Supreme Court on Tuesday said it would not review a $30 million-plus judgment over a recycling center that turned into an unlicensed dump and a hazard for the neighbors in a poor Cleveland suburb.

  • September 27, 2022

    Property Owner's Quick Win Bid Flawed, Title Insurer Says

    A title insurer being sued by a property owner who accused the company of improperly denying coverage for a sale told a Virginia federal court it should reject the owner's motion for summary judgment, saying it lacked supporting evidence and the owner shouldn't be allowed to add evidence in an untimely filing.

  • September 27, 2022

    La. Grain Silo Zoning Fight Highlights Issue Of Enviro Racism

    At the center of a legal fight over a proposed grain elevator in a small Louisiana town is whether a 30-year-old zoning designation enacted through alleged political corruption should stand. But the dispute is also rife with questions about land use, historic landmark designation, environmental racism and the history of slavery in the South.

  • September 27, 2022

    White & Case Adds 2 Real Estate Pros From Paul Hastings

    White & Case LLP has continued to expand its global mergers and acquisitions practice and real estate group with the addition of partners in New York and Houston, both of whom came aboard from Paul Hastings LLP.

  • September 27, 2022

    Firm's Malpractice Devalued $5M NYC Building, Seller Claims

    A New York City property owner accused a law firm of not noticing or grasping the importance of a crucial provision in a draft contract while trying to close on a $5.35 million building sale, claiming it was forced to slash the sale price as a result.

  • September 27, 2022

    Gunster Adds Genovese Joblove Real Estate Pro

    Florida business law firm Gunster has added a veteran real estate attorney and licensed real estate broker from Genovese Joblove & Battista PA in Miami.

  • September 27, 2022

    Verizon Drops Suit After Getting OK For Fresno Cell Tower

    Verizon Wireless has dropped a lawsuit against Fresno, California, after city officials in July allowed the company to build its planned 5G tower disguised as a ponderosa pine.

  • September 26, 2022

    Hotel Voucher Push Raises Questions In LA Homeless Battle

    Up and down the West Coast, local governments have hit on the same idea to house the homeless: Put them in hotels. Now, a controversial ballot measure in Los Angeles proposes to go much further.

  • September 26, 2022

    SEC Says Fraudulent Real Estate Scheme Raised $26M

    The U.S. Securities and Exchange Commission filed a complaint in federal court against two Texas-based real estate developers, their affiliated LLCs and a Chinese businessman alleging they raised more than $26 million from 100 foreign investors by inflating real estate offering prices.

  • September 26, 2022

    US Trustee Questions First Guaranty's Ch. 11 Disclosures

    The U.S. Trustee's Office objected Monday to the Chapter 11 disclosure statement of mortgage lender First Guaranty Mortgage Corp., saying the document lacks adequate information about the debtor's assets and its exposure to an employee layoff suit.

  • September 26, 2022

    As Hurricane Nears, Another Fla. Insurer Goes Insolvent

    Another insurance company in Florida has gone insolvent, prompting state regulators to seek a court's approval to be appointed receiver for FedNat Insurance Co., just days before the state's first major hurricane of 2022 is expected to make landfall.

  • September 26, 2022

    IRS Seeks Comments On Reverse Like-Kind Exchanges

    The Internal Revenue Service asked for comments Monday on rules for certain reverse like-kind exchanges.

  • September 26, 2022

    NY Judge Open To Wider View Of 'Family' As Eviction Defense

    A New York judge has declined to toss a man's defense that he is owed an apartment lease as a nontraditional family member, saying a family-like relationship for the purposes of preventing eviction shouldn't necessarily be limited to two people.

  • September 26, 2022

    Oil Lease Sale Backers Paint 'Distorted Picture,' DC Circ. Told

    The D.C. Circuit shouldn't revive an offshore drilling lease sale struck down by a trial court, environmentalists and a Native American nonprofit said, because the planned sale to Shell, Chevron and others would have treated the Gulf of Mexico as a "sacrifice zone of fossil fuels available for extraction."

  • September 26, 2022

    DC Judge Pares Back CFPB's Trump-Era Mortgage Data Rule

    A D.C. federal judge on Friday rejected as "arbitrary" a U.S. Consumer Financial Protection Bureau rule made during the Trump administration that increased the number of banks exempt from reporting home mortgage data.

  • September 26, 2022

    Ga. Judge OKs Fee Award In Atlanta Real Estate Feud

    A Georgia state judge ordered an Atlanta-based real estate developer to pay his former business partner $129,590 in attorney fees on Monday after being found liable for making hundreds of thousands of dollars worth of unauthorized payments to himself out of the company's coffers.

  • September 26, 2022

    Offit Kurman Launches Enviro Practice With NJ-Based Atty

    Offit Kurman announced Monday that it has launched a new environmental and sustainability practice group, spearheaded by the hire of practice chair Matthew Karmel, a principal who joined the firm's East Hanover, New Jersey, office earlier this month from Riker Danzig Scherer Hyland & Perretti LLP.

  • September 26, 2022

    Homebuilder Must Pay SEC $1.5M To End Insider Trading Case

    A federal judge in Arizona ordered a mobile home company to pay $1.5 million to settle a 2017 insider trading claim brought by the U.S. Securities and Exchange Commission.

  • September 26, 2022

    MoFo Guides $106M Manhattan Real Estate Deal

    Morrison & Foerster LLP worked on a mortgage splitter agreement for $28.5 million of an initial loan from investors and joint venture partners Daiwa House to HAP Investments entities for two Manhattan properties as part of a new $106.1 million mortgage agreement, according to records made public on Friday.

  • September 26, 2022

    HUD Seeks Input On Spending $838M For Climate Resilience

    The U.S. Department of Housing and Urban Development wants the public to weigh in on how it should carry out a new program that would funnel $837.5 million into efforts to make HUD-assisted multifamily projects more sustainable, according to a Monday announcement.

  • September 26, 2022

    Minn. Judge Upholds Value Of Home With Blocked Easement

    A Minnesota homeowner who claimed an obstructed easement restricted access to his home failed to convince a judge to reduce the property's valuation.

  • September 26, 2022

    Gibson Dunn Adds Real Estate Attorney In Orange County

    Gibson Dunn & Crutcher LLP has recruited a real estate expert who previously served as general counsel for a multifamily and mixed-use development company to join its Orange County, California, office as of counsel.

Expert Analysis

  • Cooperative Ownership Can Help Solve Housing Crisis

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    Amid heightened affordable housing concerns, cooperative ownership structures can provide reduced entry barriers and more control for owners, though opportunities are dependent on access to financing, says Karl Phares at Stinson.

  • 5 Commercial Real Estate Trends Worth Watching

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    As the commercial real estate industry faces record demand for housing and historic inflation levels, key trends to watch out for include technology-driven real estate and e-commerce growth, say Grace Winters and Laura D’Iorio at Manatt.

  • Why I'll Miss Arguing Before Justice Breyer

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    Carter Phillips at Sidley shares some of his fondest memories of retiring Justice Stephen Breyer both inside and out of the courtroom, and explains why he thinks the justice’s multipronged questions during U.S. Supreme Court oral arguments were everything an advocate could ask for.

  • CFPB Data Tracking Could Raise Lenders' Regulatory Risk

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    The Consumer Financial Protection Bureau's recently proposed rule, which requires small-business lenders to disclose demographic data from credit denials, will make it easier to analyze disparate lending outcomes for protected groups, and may subject lenders to greater regulatory risk, fines and negative publicity, say Alok Khare and Anita Agarwal at FTI Consulting.

  • Key Housing And Mortgage Lending Trends For 2022

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    The biggest trends influencing the residential real estate and mortgage markets this year include a continuing shortage of single-family homes, rising interest rates, and shifts in society's working and living preferences amid the pandemic, says Marty Green at Polunsky Beitel.

  • NY Rulings Show How Reasonable Noncompetes Work In M&A

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    Recent decisions from a New York appellate court confirm that when the seller or owner of a business goes to work for a buyer following the sale, New York courts will enforce reasonable noncompetes and other restrictive covenants that take effect after the seller's employment terminates, say John Chun and Beth Khinchuk at Herrick Feinstein.

  • Takeaways From 6th Circ.'s RE Tax Foreclosure Ruling

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    The Sixth Circuit's recent decision in Lowry v. Southfield sheds light on when exactly real estate tax foreclosures can be avoided as fraudulent transfers, and could potentially impede municipalities' ability to collect unpaid property taxes through tax sales, says Scott Bernstein at Skolnick Legal Group.

  • Libor Isn't Only Benchmark Transition That Requires Attention

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    The final publication of the Eleventh District Cost of Funds Index, used to price adjustable-rate mortgages, is less than two weeks away, and demands the same kind of commitment and process that has gone into replacing Libor to avoid costly delays and litigation, says Jeffrey Armstrong at Berkeley Research Group.

  • 2008 Crisis Offers Lessons For Oncoming Foreclosure Wave

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    Following the recent lifting of New York's pandemic-era foreclosure moratorium, courts will likely face a substantial influx of foreclosure filings — but the 2008 financial crisis can serve as a guide for both courts and practitioners on streamlining cases, says Christopher Gorman at Abrams Fensterman.

  • 6 Months On, Liability Lessons From Surfside Condo Collapse

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    The collapse of the Champlain South Tower in Surfside, Florida, and the ongoing litigation that has followed serve as a wakeup call to engineers and contractors, who should review best practices for communicating warning signs and negotiating liability-limiting contract clauses, says Adrien Pickard at Shapiro Lifschitz.

  • Opportunities And Legal Implications In The Metaverse

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    Attorneys at Ropes & Gray explore the underlying technologies of Web3, discuss the concept of the metaverse and its commercial opportunities, and examine associated legal considerations, from trademark protection to the application of existing securities laws in decentralized, blockchain-based systems.

  • Using CARES Act To Preempt NY Rent Demand Rules

    Excerpt from Practical Guidance
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    Moving into 2022, many pandemic-era tenant protections have expired or will soon expire, but tenants in New York should keep in mind that the Coronavirus Aid, Relief and Economic Security Act provides viable protection against 14-day rent demands due to federal preemption of the Real Property Actions and Proceedings Law, says Andrew Darcy at Mobilization for Justice.

  • The Most-Read Legal Industry Guest Articles Of 2021

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    Popular legal industry guest articles this year included commentary on the admissibility of video depositions, an unusual U.S. Supreme Court citation, the perils of lawyer perfectionism, and more.