Residential

  • 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.

  • September 15, 2022

    Jones Day Adds Real Estate, Tort Litigation Partners In Miami

    Jones Day has added real estate and tort litigation partners to its growing Miami office, welcoming two attorneys from DLA Piper and GrayRobinson PA.

  • September 15, 2022

    Judge Spares Calif. Retreat Center, For Now, In $1M Tax Case

    A federal judge delayed foreclosure Thursday on a retreat center owned by a California sleep clinic founder and his wife accused of owing $1 million in taxes after they promised they could sell other properties to cover the debt.

  • September 15, 2022

    3rd Circ. Unmoved By Nuns' Religious Challenge To Pipeline

    The Third Circuit on Thursday appeared not to buy a group of nuns' argument that the building of a natural gas pipeline on their land merited damages, suggesting that the challenge should have been brought through the Federal Energy Regulatory Commission before construction.

  • September 15, 2022

    Silence Dooms Rise In Post-Judgment Interest, 3rd Circ. Says

    A split Third Circuit panel said Thursday that a New Jersey federal court properly tallied post-judgment interest in a dispute between a bank and a residential mortgage lender at the federal statutory rate since a consent judgment did not reflect a previously agreed-upon higher rate.

  • September 15, 2022

    BofA, Caliber Alum Is Now LoanDepot's Legal Chief

    LoanDepot Inc. has replaced its retiring legal chief with a lawyer whose resume includes senior in-house stints at Bank of America, Saxon Mortgage and Caliber Home Loans, the real estate services provider said Wednesday, in its second major hire this week.

  • September 15, 2022

    Deals Rumor Mill: Flow, Tencent, Metro Pacfic

    Adam Neumann took a rare step to help nab $350 million in venture capital money for his new rental apartment startup, Flow; Tencent Music could price its IPO very soon; and a Philippines-based toll road operator, Metro Pacific Tollways Corp., is preparing a $500 million IPO. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

  • September 15, 2022

    ESG Politics Move Into Real Estate Investment

    Real estate investors should not ignore the pitfalls of environmental, social and governance risks, experts say, as a wave of anti-ESG legislation sweeps red states across the country.

  • September 15, 2022

    Davis Wright Tremaine Adds Financial Services Attorney

    Davis Wright Tremaine LLP has added a financial services attorney with almost two decades of experience in the field, the firm announced Wednesday.

  • September 15, 2022

    Pa. Justices Question Reassessing Recently Sold Properties

    Pennsylvania's Supreme Court justices were skeptical Thursday about whether a uniformity challenge to a Berks County school district's reassessments focusing on recently sold properties would leave any room at all for taxing bodies to dispute a property's taxable value.

  • September 15, 2022

    Philly Extends Informal Property Assessment Review Deadline

    Philadelphia property owners have an additional two weeks to submit applications for informal reviews of assessments, the city's Office of Property Assessment announced Thursday.

  • September 15, 2022

    Colo. HOA Accuses Insurer Of $3M Estimate Discrepancy

    A Colorado homeowners association accused its insurer in a federal court complaint of severely undervaluing storm damage the townhouse complex suffered, saying QBE Insurance Corp. paid nearly $1,600 on what the association's adjuster estimated to be a $3.5 million loss.

  • September 14, 2022

    Fla. Property Management Co.'s COVID Claims Tossed Again

    A Miami property management company had COVID-19 coverage claims against its insurers tossed again by a Florida state judge who agreed with the insurers that the company did not prove fraud or breach of contract, but allowed the business 30 days to again amend its complaint.

  • September 14, 2022

    CFPB's Chopra Casts Doubt On New Arbitration Reform Push

    Consumer Financial Protection Bureau Director Rohit Chopra on Wednesday signaled concerns about mandatory arbitration clauses in banks' consumer contracts, although he threw cold water on prospects for near-term rulemaking on the issue.

  • September 14, 2022

    DC Announces $147M From Amazon For Area Housing Needs

    Washington, D.C., on Wednesday announced $147 million in committed funding from Amazon for affordable housing — part of a more than $2 billion fund the company launched last year to support housing close to its major U.S. offices.

  • September 14, 2022

    Real Estate Rumors: UBS, Picus, Buzz Oates

    UBS reportedly could fetch as much as $125 million with the sale of a New York rental building, Picus Capital is said to be leasing 6,520 square feet in New York and Buzz Oates reportedly hopes to build a 107,612-square-foot biotech facility in California.

  • September 14, 2022

    ​​​​​​​9th Circ. Says Wells Fargo Can Foreclose Couple's Home

    A panel of the Ninth Circuit on Wednesday upheld the dismissal of a California couple's challenge to the foreclosure of their former home by Wells Fargo Bank NA, saying the couple waited too long to file their suit.

  • September 14, 2022

    Seattle Officials Weigh Rule To Ease Town Home Construction

    City officials in Seattle aired out a proposal Wednesday to ease regulations on the construction of row houses and town homes in an effort to help developers build the projects faster and cheaper.

  • September 14, 2022

    NJ Mayor Aims To Sink Council's Redevelopment Powers Suit

    The mayor of Trenton, New Jersey, has asked a state court to end the City Council's quest for rulings that it is solely authorized in the state's capital to apply for creating a redevelopment agency and to perform all redevelopment functions, claiming state statutes do not grant such powers to the council.

  • September 14, 2022

    $8M LA Home Defects Not Covered, Insurer Tells Judge

    Atain Specialty Insurance Co. told a California federal judge it does not have to cover $8 million in defects that appeared after a tile company worked on a luxury home in Los Angeles, saying the company's policy specifically excluded new residential construction.

  • September 14, 2022

    Real Estate Board Poses Anti-Competitive Threat, Judge Told

    A Pittsburgh-based real estate company has told a Louisiana federal judge that a state appraisers board's deal with the Federal Trade Commission barring the regulator from setting appraisers' fees does not moot the company's antitrust suit.

  • September 14, 2022

    NY Real Estate Co. Says Seller Lied About Atlanta Apts.

    A New York real estate investment company sued in Georgia state court to get out of an $11 million agreement to buy an Atlanta apartment complex over the seller's alleged failure to disclose problems with the property.

  • September 14, 2022

    Judge Revokes Mojave Desert Water Pipeline Permit

    A California federal judge has revoked a permit a company obtained to convert a former natural gas pipeline to one that carries water from Mojave Desert aquifers to cities in Southern California, allowing the Biden administration to more closely scrutinize the project.

  • September 14, 2022

    Wells Fargo Accused Of Undervaluing Black Couple's Home

    A North Carolina couple is calling out Wells Fargo Bank for discrimination, alleging the bank intentionally undervalued their home during an appraisal because they are Black. 

  • September 14, 2022

    Fintech Bottomline Buys Real Estate Payments Biz

    Bottomline Technologies Inc., a financial technology company owned by private equity firm Thoma Bravo, said Tuesday it has bought fellow payments software firm Nexus Systems for an undisclosed price in order to broaden its offerings to the real estate industry.

Expert Analysis

  • Laws Favor NYC Tenants' Discovery In Rent Overcharge Suits

    Excerpt from Practical Guidance
    Author Photo

    Although a New York state court's decision in Regina Metro v. New York State Division of Housing and Community Renewal last year curtails certain tenant rights under the Housing Stability and Tenant Protection Act, subsequent cases have shown the law still favors broad discovery for tenants in rent overcharge cases, say Andrew Darcy and Brian Sullivan at Mobilization For Justice.

  • Key Considerations For Build-To-Rent Developers

    Author Photo

    As real estate developers and investors flock to the build-to-rent asset class, they should pay attention to some key issues, such as potential conflicts with local land development codes, says Jim McNeil at Akerman.

  • La. Tax Talk: Legislature Takes On Tax Reform

    Author Photo

    Louisiana taxpayers may see some needed tax improvements if the Legislature enacts major proposed reforms, like the long-overdue centralization of state and local sales and use tax collection, elimination of the antiquated corporation franchise tax, and reduction of income tax rates, say attorneys at Kean Miller.

  • Partial Repeal Could Resolve Biden's SALT Cap Dilemma

    Author Photo

    Lawmakers' calls to repeal the cap on federal deductions for state and local taxes are controversial because doing so could cost over $600 billion, but a partial repeal could be accomplished on a revenue-neutral basis, providing relief to some, if not most, affected taxpayers, says Joseph Mandarino at Smith Gambrell.

  • Why CFPB's Disposal Of Supervisory Tool Is Problematic

    Author Photo

    The Consumer Financial Protection Bureau’s recent elimination of supervisory recommendations that provide financial institutions feedback on compliance deficiencies is concerning and suggests the CFPB is clearing away obstacles to its discretion to invent, as well as enforce, the law, say Eric Mogilnicki and Jeremy Newell at Covington.

  • Florida Construction Defect Proposal Unfair To Homeowners

    Author Photo

    Proposed changes to Florida’s Chapter 558 notice process would require homeowners alleging construction defects to clear costly hurdles and sign perjury penalty acknowledgements, which would favor builders by discouraging suits seeking recovery, say Nick Vargo and Greg Demers at Ball Janik.

  • Cybersecurity Considerations After NY Lender's Data Breach

    Author Photo

    The New York Department of Financial Services’ recent enforcement action against Residential Mortgage Services for inadequately responding to a cybersecurity breach is instructive for financial institutions evaluating existing data security safeguards, refining their compliance programs and preparing for regulatory examinations, say attorneys at Arnold & Porter.

  • When Federal Courts Remand Eviction Actions Back To States

    Author Photo

    Bruce Falby and Paul Lewis at DLA Piper explore a recent trend of federal courts declining to adjudicate eviction cases removed from state court, even where there is diversity jurisdiction — and its implications for commercial tenants and landlords.

  • NY Rent Control Bill Would Hurt Residential Real Estate Sector

    Author Photo

    Legislation recently introduced in New York to effectively create rent control for virtually every residence would create problems for hotels, discourage the building of new housing projects and make it more difficult for landlords to evict occupants, says Stuart Saft at Holland & Knight.

  • Key Tax Concerns For Foreign Investors In US Private Equity

    Author Photo

    Paul D'Alessandro at Bilzin Sumberg examines important tax questions foreigners interested in U.S. private equity investments should ask in advance, including whether the investment will produce active or passive income, be subject to gains tax, and have U.S. estate tax consequences.

  • What CFPB Policy Shift Means For Scrutiny Of Abusive Acts

    Author Photo

    The Consumer Financial Protection Bureau's new plan to more aggressively deploy its rulemaking, supervisory and enforcement authority — coupled with its recent rescission of a policy calling for restraint in policing abusive acts and practices — could lead to more frequently cited abusiveness violations and expansion of the standard for identifying them, say attorneys at Paul Weiss.

  • 3 Arthrex-Adjacent High Court Cases Could Affect PTAB's Fate

    Author Photo

    As patent practitioners await a decision on the constitutionality of Patent Trial and Appeal Board judges in U.S. v. Arthrex, they should keep their eyes on three other pending U.S. Supreme Court cases that, while not IP-related, involve overlapping legal issues, including the severability doctrine, says William Milliken at Sterne Kessler.

  • Fla. Construction Defect Law Lacks Teeth, Despite Updates

    Author Photo

    Though a new bill updating Florida's alternative dispute resolution process governing construction defect claims will take effect in July, the law contains some significant shortcomings that remain unaddressed, says Adam Richards at Berger Singerman.