Residential

  • September 20, 2022

    CFPB Says 2021 Mortgage Refis Fell, Borrowers More Diverse

    Home Mortgage Disclosure Act data released on Monday shows an increase in 2021 in the share of single-family home loans among Black, Asian, and Hispanic borrowers.

  • September 19, 2022

    Zukerman Gore Guides $35M Sale Of Hudson Yards Condo

    Zukerman Gore Brandeis & Crossman LLP worked on the $35 million sale of a penthouse condominium in Manhattan by the Metropolitan Transportation Authority to a private LLC, according to documents made public on Monday.

  • September 19, 2022

    HUD Earmarks $180M In Mixed-Income Housing Grants

    The U.S. Department of Housing and Urban Development will dole out a total $180 million in grants to revitalize public housing in Omaha, Nebraska; Tulsa, Oklahoma; Durham, North Carolina; and Knoxville, Tennessee, the agency announced on Monday.

  • September 19, 2022

    NYC Affordability Metric Not Reality, Housing Group Says

    A key metric used to assess affordable housing proposals in New York City is based on a "convoluted" calculation by the federal government, resulting in apartments that fail to serve many of the city's most needy renters, a local housing nonprofit said Monday.

  • September 19, 2022

    Black Investors Allege Racial Discrimination By Realtor

    Three Black Texas real estate investors say a real estate agent discriminated against them after refusing to sell them condos because she had a "gut feeling she wouldn't get along with them."

  • September 19, 2022

    NY Bill Aims To Aid NYCHA Residents With Water Disruptions

    New York state lawmakers recently introduced a new bill that aims to create a process for delivering food and water to New York City Housing Authority residents whenever their cooking and drinking water cannot be used.

  • September 19, 2022

    Blackstone Obtains $156.5M Mortgage For Ohio Apartments

    Blackstone has secured a nearly $156.5 million mortgage for an apartment community in Columbus, Ohio, through Wells Fargo Bank NA, with help from ArentFox Schiff LLP, according to Franklin County property records.

  • September 19, 2022

    What's 'Workforce Housing'? It Depends Who You Ask

    In a time when "workforce housing" often means different things to different people, Law360 digs into the history of the term, some of its present-day applications, and an ongoing debate about whether the moniker should be used at all.

  • September 19, 2022

    Allstate Says No Coverage For Tenant In Stabbing Incident

    Allstate doesn't have to cover a woman accused of stabbing someone at her apartment complex, the insurer told a Georgia federal court, raising several defenses to coverage including a criminal acts exclusion.

  • September 19, 2022

    NYC Landlord Says Watchdog Lacks Standing For Bias Suit

    A New York City-based management company said Friday a housing watchdog lacks standing to sue the company over allegations that it discriminated against prospective tenants who use a city voucher program, urging a New York state court to chuck the nonprofit's sweeping complaint.

  • September 19, 2022

    Jackson Residents Sue Over Water Failure

    A group of Jackson, Mississippi, residents has hit public officials and engineering firms with a federal proposed class action over a water treatment plant shutdown last month that left more than 150,000 without access to clean water in the mostly Black city.

  • September 16, 2022

    Commission Outlines South Dallas Anti-Gentrification Plan

    After years of seeing other historically minority and low- to middle-income neighborhoods across Dallas gentrify, price out residents or be bulldozed for golf courses or apartment complexes, the city's planning commission has finalized a strategy to protect South Dallas' Oak Cliff from the same fate.

  • September 16, 2022

    Fla. Panel Rejects Air Quality Co.'s Insurance Dispute

    A Florida state appellate panel rejected an air quality company's appeal against American Integrity Insurance Co. of Florida, finding that its agreement to pursue reimbursement for a hurricane damage assessment on behalf of homeowners was invalid.

  • September 16, 2022

    Investor Says It Was Stiffed $1M In Texas Real Estate Deal

    An investor claims developers fraudulently persuaded it to put $1 million of equity financing into a multifamily housing project near Dallas that didn't pan out as promised, and is seeking its money back in Texas federal court.

  • September 16, 2022

    Calif. AG Defends Ventura County's Oil And Gas Plan

    California Attorney General Robert Bonta told a state court that a Ventura County plan to require oil and gas wells be located farther from neighborhoods and schools does not conflict with state or county laws, as Aera Energy LLC claims in its lawsuit against the county.

  • September 16, 2022

    The Promise And Peril Of Golf Course Redevelopment

    The nation's supply of golf courses has taken a hit since the turn of the century, narrowing 11% between 2006 and 2021, according to the National Golf Foundation, which projects that a further 95 courses will close in 2022 and is not the market's "natural bottom."

  • September 16, 2022

    Real Estate Rumors: Madison Realty, Google, O'Melveny

    Madison Realty Capital has reportedly loaned $315.6 million for a New Orleans Four Seasons, Google is said to have hit tenant improvement construction delays at a Los Angeles property and O'Melveny & Myers LLP is reportedly leasing 142,000 square feet in New York.

  • September 16, 2022

    OCC Fines PNC Bank $2.6M Over Flood Insurance Errors

    The Office of the Comptroller of the Currency has fined PNC Bank NA more than $2.6 million for allegedly failing to "force-place" flood insurance on homeowners in a timely manner, in violation of the Flood Disaster Protection Act.

  • September 16, 2022

    Richmond Plans $2.4B Mixed-Use Project Around Stadium

    City leaders in Richmond, Virginia, have chosen a development team to lead a $2.4 billion mixed-use project on 67 acres that will include a new, long-awaited minor-league baseball stadium.

  • September 15, 2022

    SEC Claims Real Estate Loan Co. Misused Investors' $100M

    The U.S. Securities and Exchange Commission accused a California investment firm on Thursday of allegedly selling tens of millions of dollars in real estate loans that it was supposed to maintain for investors.

  • September 15, 2022

    NYC Housing Authority Seeks New CEO Amid Reorganization

    New York City is seeking a new CEO to succeed Gregory Russ and helm the largest housing authority in the country, Mayor Eric Adams announced Thursday.

  • September 15, 2022

    VAT Refund Allowed On Distressed Property Deal, ECJ Says

    Lithuania cannot deny a company's claim for a €950,000 ($950,000) refund of value-added tax on property it acquired based on its knowledge of the seller's financial difficulties, according to a European Court of Justice decision published Thursday.

  • September 15, 2022

    St. Paul, Apartment Owners To Argue City's Rent Cap

    The city of St. Paul, Minnesota, and a pair of apartment owners are headed to summary judgment in a case that aims to block a law approved last year enacting one of the strictest rent control laws in the country.

  • September 15, 2022

    Real Estate Rumors: Michael Rubin, Lincoln Market, Carmel

    Michael Rubin has reportedly dropped $70 million on a Hollywood Hills home, Lincoln Market is said to be leasing 10,621 square feet in New York, and Carmel Partners is reportedly hoping to build a multifamily project in Los Angeles' Sawtelle neighborhood.

  • September 15, 2022

    Basketball Hall Of Fame Seeks Coverage For Renovation Suit

    The Basketball Hall of Fame said a Chubb unit must defend and indemnify it in an underlying action accusing the nonprofit organization and its for-profit subsidiary of unlawfully conspiring to secure funds for a renovation project.

Expert Analysis

  • Surfside Condo Collapse Highlights HOA Responsibilities

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    The recent collapse of a condo building in Surfside, Florida, and the ensuing litigation, are calling attention to the obligations of homeowners' associations across the country, making it a good time to brush up on best practices, says Jeanne Grove at Kaufman Dolowich.

  • Tips For Managing Price Escalation In Construction Projects

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    With material costs skyrocketing this year, contractors can better anticipate the risk of price escalation in construction by taking several steps during the bidding, contract negotiation and performance phases of a project, says Tamara McNulty at Potomac Law.

  • What Biden's Tax Proposals May Mean For Int'l Private Clients

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    Jennifer Wioncek and Paul D’Alessandro at Bilzin Sumberg discuss the U.S. Department of the Treasury's recently released explanation of the Biden administration's tax proposals and how the changes would affect income and wealth transfer planning for international private clients.

  • CFPB's New Foreclosure Limits Will Be Tough On Servicers

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    While the Consumer Financial Protection Bureau's new Regulation X rules are touted as paving the way for a smooth transition as federal foreclosure moratoriums end this month, implementing the changes puts a heavy burden on loan servicers with only weeks to ensure compliance by the Aug. 31 deadline, say Allison Schoenthal and Matthew Sheldon at Goodwin.

  • A Confusing Split Over 'Reasonable Consumer' In Fla. Courts

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    Courts are divided over what counts as a reasonable consumer regarding determining liability under the Florida Deceptive and Unfair Trade Practices Act — including whether it is a judge or jury who makes that call — and with ample case law for either side of the issue, the only thing certain is that lawyers and clients will remain frustrated on the issue, say Aaron Weiss and James Czodli at Carlton Fields.

  • Justices' FHFA Ruling Is Small Step In A Dangerous Direction

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    The U.S. Supreme Court's ruling this week in Collins — stripping the Federal Housing Finance Agency director of removal protections — fails to consider the dangerous possibility that a president with complete control over the executive branch could dictate policies undermining the rule of law, and democracy itself, says David Driesen at Syracuse University.

  • Challenges Facing California's Proposed Coastal Property Law

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    A proposed California law that would allow cities to buy coastal properties and rent them back to homeowners is a conceptually sound course of action to prepare for rising sea levels, but the planned voluntary acquisition program may encounter some obstacles, say Bradford Kuhn and Raven McGuane at Nossaman.

  • How COVID Could Worsen The US Construction Defect Crisis

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    The COVID-19 pandemic has created market conditions that may aggravate the decadeslong construction defect crisis in the American housing market due to supply chain disruptions, skilled labor shortages and time crunches, say attorneys at Ball Janik.

  • NY Courts Should Protect Housing Rights Of All Tenants

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    New York courts should adopt a construction of the Housing Stability and Tenant Protection Act that expands on the rights of tenants without a traditional landlord-tenant relationship, in order to not only promote justice, but also adhere to the law as written, say law student Giannina Crosby, and professors Sateesh Nori and Julia McNally, at NYU Law.

  • Collaborative Contracting Can Help Combat Bias In AI

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    To mitigate bias in artificial intelligence technology amid pending EU and U.S. regulations, contracting companies should consider each party's role in controlling for bias, rather than applying binary liability allocations, say Boris Segalis and Joshua Fattal at Goodwin and independent attorney Neal Dittersdorf.

  • What EPA's Environmental Justice Push Means For Cos.

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    The U.S. Environmental Protection Agency's increased focus on environmental justice, which will give historically disadvantaged communities more influence over federal environmental policy, means that regulated companies should stay closely engaged with agency policymaking, say attorneys at King & Spalding.

  • Biden Admin.'s Climate Strategy Should Include Insurance Innovations

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    To successfully meet the Biden administration's climate-related goals, the federal government must fill gaps in state regulation of environmental insurance, and help create an insurance framework that incentivizes and facilitates carbon impact reduction in four key areas, say Michael Hill and Paul Tetenbaum at Blue Dot Climate Insurance.

  • FDCPA Ruling Has Privacy Implications For Financial Services

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    In Hunstein v. Preferred Collection, the Eleventh Circuit’s recent decision to allow claims against a debt collector who shared customer information with a vendor is concerning for financial services companies in its potential to broaden the Fair Debt Collection Practices Act and other consumer protection laws to include privacy rights, say attorneys at Holland & Knight.