Residential

  • May 02, 2024

    Simpson Thacher Adds Real Estate Partner In NY

    Simpson Thacher & Bartlett LLP said on May 2 that it has hired Aron M. Zuckerman, an attorney with experience advising lenders in financing real estate projects, as a partner in its New York office.

  • May 02, 2024

    GTIS Expands JV With Homebuilder To $6B Worth Of Housing

    GTIS Partners has grown its partnership with homebuilder Hovnanian Enterprises to now build $6 billion worth of homes, including new construction in Florida and New Jersey, the companies announced May 2.

  • May 02, 2024

    Eckert Seamans Sues For Inclusive Zoning Fight Fees

    Eckert Seamans Cherin & Mellott says a group representing Pittsburgh-area developers still owes nearly $76,000 in legal fees for the firm's work on a federal suit challenging an "inclusive zoning" ordinance, according to a complaint filed in Pennsylvania state court Thursday.

  • May 02, 2024

    Nixon Peabody Adds Two Community Finance Attys In DC

    Nixon Peabody LLP has hired two partners, who will focus their practices on helping nonprofits and other clients understand and obtain tax credits for a range of community development projects, to its community development finance practice in Washington, D.C., the firm announced Thursday.

  • May 01, 2024

    Ex-State Dept. Adviser To Co-Lead Klasko's Investor Visa Team

    A former U.S. Department of State attorney-adviser has left government service to co-lead Klasko Immigration Law Partners' EB-5 regional center and developer practice, the firm recently announced.

  • May 01, 2024

    Judges Say Homeowners' Fight Over Airport Not Grounded Yet

    A Washington couple violated their homeowners' association covenants by running a wing-walking flight school out of their home, but it is unclear if they ran afoul of community rules by using an association-owned airstrip for their business, according to a state appeals court opinion reversing a restriction on the couple's use of the airstrip.

  • May 01, 2024

    Colo. House OKs Tax Credits For Middle-Income Housing

    The Colorado House approved a pilot program Wednesday to provide a tax credit to developers of housing aimed at middle-income residents

  • May 01, 2024

    NY Man Charged With $43M Hospitality Ponzi Scheme

    A Manhattan resident was charged Wednesday with soliciting $43 million in investments through a Ponzi scheme that peddled false claims about his company's business interests in cryptocurrency, Las Vegas sports stadiums and hospitality.

  • May 01, 2024

    Nationstar Beats COVID-Related Loan Aid Suit For Now

    Nationstar Mortgage temporarily dodged a Pennsylvania federal lawsuit alleging the loan servicer wrongly denied COVID-19 loss mitigation assistance for delinquent mortgages, but the proposed class can refile their claims.

  • May 01, 2024

    Family Trust Asks Justices To Review $16.2M Tax Row

    A family trust established by grandparents for their five grandchildren asked the U.S. Supreme Court to review a Third Circuit ruling finding the trust was the nominee of an adult son with $16.2 million in tax liabilities, saying the decision stands to upset estate planning norms.

  • May 01, 2024

    Colo. House OKs Boost To Affordable Housing Tax Credit

    Colorado would increase the funds available for the state's affordable housing tax credits for six years under legislation approved Wednesday by the state House of Representatives.

  • May 01, 2024

    Construction Spending Down In March, Census Bureau Says

    National construction spending was down slightly between February and March, falling 0.2% to just more than $2.083 billion, which is still nearly 9.6% higher than this time last year, the U.S. Census Bureau reported Wednesday.

  • May 01, 2024

    Essex Still Watching Tech Jobs, Housing Court Backlogs

    Essex Property Trust executives said Wednesday that they have their eye on incremental increases in tech sector job growth and decreases in housing court backlogs, two factors that have weighed heavily on the performance of the real estate investment trust's properties.

  • May 01, 2024

    More Withdraw From Conn. Atty Hacked Payment Lawsuits

    A series of withdrawals has cut into a voluminous pile of lawsuits surrounding a real estate attorney's wiring of money to the wrong people in connection with several real estate sales, with First American Title among the parties that filed recent withdrawal notices in the myriad matters.

  • May 01, 2024

    Invitation Homes Sees Growth Ahead, Announces New JV

    Invitation Homes Inc.'s chief executive told investors Wednesday that the company's results for 2024's first quarter give good reasons to be optimistic about the U.S. single-family rentals market for the rest of the year, including a newly inked joint venture.

  • May 01, 2024

    Fried Frank, Levitt & Boccio Guide $97M Cornell Campus Refi

    Cornell University refinanced Hudson Cos.' $97.5 million mortgage tied to a 350-unit sustainable residential tower on the university's New York City technology campus, in a deal guided by Levitt & Boccio LLP and Fried Frank Harris Shriver & Jacobson LLP, per property records.

  • May 01, 2024

    MDC's Top Attorney Resigns After Sekisui House Merger

    Homebuilder MDC Holdings said its general counsel has announced his departure after Japanese firm Sekisui House Ltd. acquired the company in a nearly $5 billion transaction in January.

  • May 01, 2024

    What Attys Are Saying About The PFAS CERCLA Designation

    In the days since the Environmental Protection Agency classified two "forever chemicals" as hazardous, real estate and environmental attorneys have been analyzing how the move applies to their work.

  • May 01, 2024

    Real Estate Authority Is Moving To Thursday

    Beginning May 9, Law360 Real Estate Authority's two weekly newsletters — Commercial and Residential — will be distributed Thursday morning.

  • May 01, 2024

    Kennedy Wilson, Haseko Buy $90M Wash. Multifamily Builds

    Real estate investment company Kennedy Wilson and Japanese construction company Haseko Corp. partnered to purchase a pair of multifamily properties spanning 350 units in Vancouver, Washington, for $90 million, Kennedy Wilson announced.

  • May 01, 2024

    Swiss Firm Empira Eyes Long-Term Growth In US Housing

    The head of U.S. investments for Switzerland-based real estate investment firm Empira Group shared insights with Law360 Real Estate Authority on the opportunities the company saw in U.S. housing that have driven its recent arrival and growth on this side of the Atlantic.

  • April 30, 2024

    2nd Circ. Revives Commerzbank RMBS Suit Against US Bank

    The Second Circuit on Tuesday revived part of a nearly decade-old Commerzbank AG lawsuit brought against U.S. Bank NA over its role as a trustee on a slew of pre-2008 crisis RMBS trusts, sending some of the German bank's previously dismissed claims back to district court for a "closer inspection."

  • April 30, 2024

    Real Estate Leaders Ask Congress For Less Stick, More Carrot

    The federal government should incentivize home construction and office-to-residential conversions, avoid imposing more capital requirement rules on banks and refrain from treating commercial real estate monolithically, industry leaders testified to members of Congress on Tuesday.

  • April 30, 2024

    NY Agencies Hit With Rental Assistance Bias Class Action

    New York City Housing Authority tenants on Tuesday filed a proposed class action alleging their landlord and the administrator of COVID emergency rental assistance intentionally discriminated against low-income Black and Hispanic renters by sending them to the back of the rental assistance line.

  • April 30, 2024

    Conn. Mortgage Co. Settles Data Breach Claims

    A mortgage company settled a consolidated data breach class action that accused the company in Connecticut federal court of being liable for a November 2023 data breach that compromised its customers' personal information.

Expert Analysis

  • Algorithmic Pricing Programs Caught In Antitrust Crosshairs

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    The Justice Department's investigation into software company RealPage follows a host of federal antitrust cases alleging that property owners and casino hotel operators use the same proprietary software programs to fix and maintain pricing, which means algorithmic pricing programs are considered a key price-fixing tool in the digital age, say attorneys at Ballard Spahr.

  • A Welcome Turning Of The Page For Residential Real Estate

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    After one of the most challenging years on record for residential real estate, 2024 will likely be a time of transition to a stabler business climate, as sellers lose some of their excess bargaining power and the pace of sales picks up, says Marty Green at Polunsky Beitel.

  • Strict Duty To Indemnify Ruling Bucks Recent Trend

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    A South Carolina federal court's recent decision that it lacked subject matter jurisdiction to decide an insurer's duty to indemnify prior to the finding of insured liability sharply diverges from the more nuanced or multipronged standards established by multiple circuit courts, says Richard Mason at MasonADR.

  • Ill. Insurance Ruling Helps Developers, Community Orgs. Alike

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    The Illinois Supreme Court's decision in Acuity v. M/I Homes of Chicago, holding that commercial general liability policy exceptions did not prevent coverage for damage caused by faulty workmanship, will bring more potential insurance coverage for real estate developers and, in turn, larger payouts when community organizations sue them, say Howard Dakoff and Suzanne Karbarz Rovner at Levenfeld Pearlstein.

  • NJ Foreclosure Law Will Have Multifaceted Impact On Lenders

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    New Jersey's A.B. 5664 introduces significant reforms to foreclosure proceedings in the state, potentially lessening the burden on lenders and servicers to maintain foreclosed properties, but also brings new limitations and time frames, say Christina Livorsi and Wael Amer at Day Pitney.

  • 11 Noteworthy CFPB Developments From 2023

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    Under Rohit Chopra’s leadership, 2023 was an industrious year for the Consumer Financial Protection Bureau, with developments including the release of the proposed personal financial data rights rule, publication of proposed rules involving public registries for nonbanks and the bureau's continuous battle against junk fees, all of which are sure to further progress in 2024, say attorneys at Husch Blackwell.

  • Insured Takeaways From 10th Circ. Interrelated Claims Ruling

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    The Tenth Circuit's recent ruling in American Southwest Mortgage v. Continental Casualty that multiple claims arising from consecutive audit years were interrelated — and thus subject to a per claim limit — creates a concerning precedent for policyholders, so companies should negotiate relevant policy language, says Michael Stockalper at Saxe Doernberger.

  • Baking Bread Makes Me A Better Lawyer

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    After many years practicing law, and a few years baking bread, I have learned that there are a few keys to success in both endeavors, including the assembly of a nourishing and resilient culture, and the ability to learn from failure and exercise patience, says Rick Robinson at Reed Smith.

  • NY Banking Brief: All The Notable Legal Updates In Q4

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    New York's banking and financial sector saw a number of notable regulatory and legislative changes in the final quarter of 2023, including guidance on climate risks and heightened cybersecurity protocols issued by the New York State Department of Financial Services, as well as final revisions to virtual currency listings in the state, say attorneys at WilmerHale.

  • Ill. Justices Set New Standard For Analyzing Defect Claims

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    The Illinois Supreme Court's recent ruling in Acuity v. M/I Homes of Chicago has effectively changed the landscape for how insurers may respond to construction defect claims in the state, so insurers should carefully focus their coverage analysis on whether the business risk exclusions are applicable, say Bevin Carroll and Julie Klein at Kennedys.

  • A Look At Consumer Reporting In 2023, And What's To Come

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    The legal landscape of consumer reporting is evolving as courts, federal regulators and state legislatures continue to weigh in — and while last year may have seen a slight downtick in the overall volume of Fair Credit Reporting Act litigation, 2024 is set to be a watershed year for this area of the law, say attorneys at Troutman Pepper.

  • How New Fla. Condo Law Will Affect Owners' Finances

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    As this December is the deadline for condominiums in Florida to be in compliance with legislation passed after the Champlain Towers collapse, condo owners will need to prepare for both the immediate and long-term financial implications, says Greg Main-Baillie at Colliers.

  • The Year Ahead In Foreign Investment And National Security

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    In 2024, expect the Committee on Foreign Investment in the United States, already at the forefront of addressing national security threats, to increase monitoring and enforcement related to outbound investment, focus on supply chain resilience in nondefense sectors, and heighten oversight of agricultural transactions, say attorneys at Holland & Knight.