Residential

  • September 20, 2024

    Morgan Lewis Hires Sidley Structured Transactions Partner

    Morgan Lewis & Bockius LLP announced Friday that it has hired the co-leader of Sidley Austin LLP's residential mortgage-backed securities team to further expand its structured transactions practice in New York.

  • September 20, 2024

    Tribe's Stateless Status Undoes $1.9M Construction Suit

    A Massachusetts federal judge on Thursday tossed a New York construction company's $1.9 million lawsuit against the Mashpee Wampanoag Tribe, finding the tribe's stateless position leaves the court with no jurisdiction to decide the case.

  • September 20, 2024

    Green Groups Can't Bar Housing Project, SC Judge Says

    A South Carolina federal judge on Thursday denied conservation groups' push to block a 9,000-unit housing development on the Cainhoy Peninsula near Charleston, ruling they've not shown they're likely to succeed in a case challenging federal reviews and approvals.

  • September 19, 2024

    US Argues Court Can't Stop Tribe From Blocking Roads

    The U.S. government told a Wisconsin federal judge that a town's lawsuit seeking to stop the Lac du Flambeau Band of Lake Superior Chippewa Indians from barricading roads on tribal land can't be enforced, saying the Native American tribe is immune from the suit.

  • September 19, 2024

    Mich. Atty Gets 1 Year For Inflating Apartment Values

    A Michigan attorney and real estate executive was sentenced Thursday to one year and a day in prison for inflating how profitable his company's apartments were, allowing him to sell them for more than $500 million. 

  • September 19, 2024

    NYC Condo Owner Seeks Fast Confirmation On Ch. 11 Plan

    Bankrupt New York City condominium complex Hudson 888 Owner LLC asked a New York bankruptcy judge to put it on the fast track to a confirmation hearing for its third proposed Chapter 11 plan, under which it would hand over residential real estate units to its main lender to clear debts.

  • September 19, 2024

    Proposed $4B Hawaii Fire Deal Faces Insurance Questions

    A proposed $4 billion settlement made on behalf of the victims of a 2023 wildfire in Hawaii could be imperiled depending on how the Hawaii Supreme Court approaches key questions concerning insurers' rights to recoup payments made to the victims.

  • September 19, 2024

    Calif. City Defies State With Shelter Moratorium Extension

    Norwalk, California, voted to extend a moratorium on new shelters and other forms of supportive housing in defiance of the state, a day after Gov. Gavin Newsom warned that the city's temporary ban was illegal.

  • September 19, 2024

    House Bill Proposes Tax Incentives For Military Housing

    A bill introduced in the U.S. House of Representatives would seek to increase the availability and affordability of housing for service members in part by excluding the military's basic housing allowance from the income calculation for the low-income housing tax credit.

  • September 18, 2024

    Feds Delay Report Into Surfside Condo Collapse Until 2026

    Federal investigators said a draft report into the June 24, 2021, collapse of the Champlain Towers in Surfside, Florida, that killed nearly 100 people won't be ready until 2026, instead of next year, after a series of holdups.

  • September 18, 2024

    Climate's Toll On Property Insurance May Spur Broader Action

    A flurry of state and local policymaking has sought to reconcile building needs with worsening weather events and rising construction and insurance costs, but this patchwork approach may soon be blanketed by federal action as financial stakeholders' analysis of climate risk evolves.

  • September 18, 2024

    Data Brokers Say NJ Judicial Privacy Law Goes Too Far

    A group of data brokers accused of violating the New Jersey judicial privacy measure Daniel's Law has doubled down on its argument to a federal court that the law cannot survive strict constitutional scrutiny and must be thrown out.

  • September 18, 2024

    Kirkland Guides Waterton's $1.73B Multifamily Fund Closing

    Waterton, advised by Kirkland & Ellis LLP, raised $1.73 billion for its latest multifamily fund and plans to invest the capital in distressed opportunities and workforce housing projects across the U.S.

  • September 18, 2024

    NYC Real Estate Week In Review

    Segal & Segal and Yeung & Wang are among the law firms that guided the largest New York City real estate deals that hit public records last week, a period that saw seven deeds at or above the $20 million mark become public.

  • September 18, 2024

    Northwind Lends $120M For Manhattan Residential Condo

    Northwind provided a $120 million first-mortgage inventory loan for a 65-unit residential condominium building in New York that was recently completed in the city's midtown Manhattan area, the real estate private equity firm announced Tuesday.

  • September 18, 2024

    NJ Bank Agrees To $14M Subsidy Fund In DOJ Redlining Deal

    A New Jersey regional bank has agreed to provide at least $14 million in loan subsidies as part of a proposed consent order unveiled Wednesday to settle U.S. government claims that it engaged in redlining, a form of illegal lending discrimination, in certain central parts of the state.

  • September 17, 2024

    Vt. Supreme Court Upholds $1.1M Property Valuation

    The Vermont Supreme Court on Tuesday upheld the nearly $1.1 million valuation of a residential property determined by a hearing officer, saying the officer was not wrong to base the determination in part on a town assessment that was later found to be problematic. 

  • September 17, 2024

    Chrisley Sentence Should Stick Despite 11th Circ., Feds Argue

    Julie Chrisley's prison sentence shouldn't change even as a Georgia federal judge considers the former reality TV star's smaller role in a $36 million tax evasion and fraud scheme, prosecutors told the court Monday, noting that her time has already been shortened for other considerations.

  • September 17, 2024

    Ex-GT Attorney Joins Jones Day's Real Estate Ranks

    A real estate attorney with a background in digital infrastructure work is moving from Greenberg Traurig LLP to the Washington, D.C., office of Jones Day.

  • September 16, 2024

    Fla. Condo Settles With Insurer Over Hurricane Ian Damage

    A Florida condominium association seeking more than $1 million in coverage for property damage caused by a 2022 hurricane has settled with insurer Clear Blue Specialty Insurance Co.

  • September 16, 2024

    Colony Ridge Mortgage Co. Free Of Lending Suit, For Now

    A federal judge on Friday gave the Consumer Financial Protection Bureau 30 days to amend its predatory lending lawsuit against a Texas mortgage company and a Houston-area real estate developer and lender, dismissing for now the government's claims that the mortgage company intentionally targets Hispanic consumers.

  • September 16, 2024

    CoStar Subscriber Settles Suit Over Property Records Access

    Real estate data and analytics provider CoStar Group Inc. has reached a deal with former subscriber Leon Capital Group LLC to settle its claims that Leon downloaded property records from CoStar's database that it was not authorized to access, in a deal that permanently bars Leon Capital from accessing CoStar's data without authorization.

  • September 16, 2024

    Carlyle Commits $1B To Clean Real Estate Finance Co.

    Investment giant Carlyle said Monday that it has taken a stake in and committed $1 billion to real estate finance company North Bridge, which will be used toward green commercial upgrades.

  • September 16, 2024

    King & Spalding, Winston Rep Hospice Facilities Deal

    Healthcare investment banking firm Provident Healthcare Partners said Monday it assisted Crossroads Hospice & Palliative Care in its sale of a handful of hospice and palliative care facilities, in a deal crafted by King & Spalding LLP and Winston & Strawn LLP.

  • September 15, 2024

    Top Atty For NYC Mayor Resigns As Fed. Investigations Mount

    As investigations and high-profile departures continue around New York City's embattled Mayor Eric Adams, his chief counsel resigned Saturday.

Expert Analysis

  • What NYC's Green Fast Track Means For Affordable Housing

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    New York City's Green Fast Track for Housing initiative, which went into effect last month, aims to speed up the environmental review process for modest residential developments and could potentially pave the way for similar initiatives in other cities, say Vivien Krieger and Rachel Scall at Cozen O'Connor.

  • The Often Overlooked NY Foreclosure Notice Requirements

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    As multifamily real estate defaults mount, New York foreclosing parties should be aware of pitfalls and perils that can await the litigant who is not prepared to ensure adherence with tenant notice requirements under the Real Property Actions and Proceedings Law, say Christopher Gorman and John Muldoon at Rosenberg & Estis.

  • Skiing And Surfing Make Me A Better Lawyer

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    The skills I’ve learned while riding waves in the ocean and slopes in the mountains have translated to my legal career — developing strong mentor relationships, remaining calm in difficult situations, and being prepared and able to move to a backup plan when needed, says Brian Claassen at Knobbe Martens.

  • Zoning Reform May Alleviate The Affordable Housing Crisis

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    As America's affordable housing issues continue to worsen, zoning reform efforts can help to provide more affordable homes and mitigate racial and economic segregation, though opposition from residents and in courts could present challenges, say Evan Pritchard and Madeline Williams at Cozen O'Connor.

  • NJ Justices Clarify First-Party Indemnification Availability

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    In Boyle v. Huff, the New Jersey Supreme Court recently held that indemnification can be available in first-party claims, resolving an open question and setting up contracting parties for careful negotiations around indemnity clauses, says Todd Leon at Marshall Dennehey.

  • Fla. HOA Reforms Bring Major Wins For Homeowners

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    A recently signed law brings broad changes for homeowners associations in Florida, alleviating some pressure imposed by overly restrictive rules and potentially setting up litigation surrounding how HOAs enforce their governing documents, says Christopher Miller at Varnum.

  • Addressing Labor Shortages In The Construction Industry

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    As the construction industry's ongoing struggle with finding sufficient skilled workers continues, companies should consider a range of solutions including a commitment to in-house training and creative contracting protocols, say Brenda Radmacher and Allison Etkin at Akerman.

  • A Framework For Investigating Commercial Loan Fraud

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    As commercial loan transactions are increasingly subject to sophisticated fraud schemes, lenders must adopt dynamic strategies to detect, investigate and mitigate these schemes, say attorneys at Baker Donelson.

  • Glassblowing Makes Me A Better Lawyer

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    I never expected that glassblowing would strongly influence my work as an attorney, but it has taught me the importance of building a solid foundation for your work, learning from others and committing to a lifetime of practice, says Margaret House at Kalijarvi Chuzi.

  • How NY Co-Ops Can Minimize Sale Rejections Based On Price

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    New York co-op sales are regularly rejected for being below undisclosed price minimums, and co-op boards should address this problem by sharing information more transparently and allowing some flexibility for below-market sales, say Pierre Debbas and Seth Feldman at Romer Debbas.

  • Money, Money, Money: Limiting White Collar Wealth Evidence

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    As courts increasingly recognize that allowing unfettered evidence of wealth could prejudice a jury against a defendant, white collar defense counsel should consider several avenues for excluding visual evidence of a lavish lifestyle at trial, says Jonathan Porter at Husch Blackwell.

  • High Court's BofA Ruling Leaves State Preemption Questions

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    A recent U.S. Supreme Court decision in Cantero v. Bank of America sheds light on whether certain state banking regulations apply to federally chartered banks, but a circuit split could still force the Supreme Court to take a more direct position, says Brett Garver at Moritt Hock.

  • How A Bumblebee Got Under Calif. Wildlife Regulator's Bonnet

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    A California bumblebee's listing as an endangered species could lead to a regulatory quagmire as California Department of Fish and Wildlife permits now routinely include survey requirements for the bee, but the regulator has yet to determine what the species needs for conservation, says David Smith at Manatt.