Residential
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March 19, 2025
Fla. Court Affirms Boardwalk Easement, Despite Defunct Law
Florida's First District Court of Appeal confirmed Wednesday that Walton County, Florida, had a right to a public easement on a beach, finding it need not have exercised that right before the federal government repealed the law under which the land was conveyed to private owners.
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March 19, 2025
QXO Pushes Deadline As Beacon Takeover Talks Press On
QXO extended its Tuesday deadline for Beacon Roofing Supply Inc. shareholders to tender their shares until Wednesday, after announcing earlier in the month that friendly discussions had begun amid the once-hostile takeover bid.
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March 19, 2025
The Latest On Short-Term Rental Policies, Litigation
The practice of short-term renting in the U.S. remains contentious, with some claiming it disrupts communities and undercuts local hotels, and others viewing it as extra money for property owners.
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March 19, 2025
SDS Capital Fronting $1B For Multifamily, Affordable Housing
SDS Capital Group has launched a new $1 billion debt platform that will finance multifamily and affordable housing properties across the United States, according to an announcement from the company Wednesday.
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March 19, 2025
LA City Office Claims Group Ran Illegal STR Scheme
A group advertised and rented out illegal short-term and long-term rentals in Los Angeles and also illegally jacked up rent prices after the January wildfires occurred in LA, the LA City Attorney's Office alleged in a state court suit.
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March 19, 2025
Nashville Developers Land $253M For 30-Story Hotel Tower
Two real estate firms secured a $253 million financing package to build a 30-story hotel and condominium complex in Nashville's Paseo South Gulch district, borrower-side broker Walker & Dunlop said on Wednesday.
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March 19, 2025
3rd Circ. Passes On Appeal Of NJ Judicial Privacy Law Ruling
Data brokers cannot consolidate dozens of lawsuits in federal court that claim they violated the New Jersey data privacy statute known as Daniel's Law, after the Third Circuit declined to revisit an earlier ruling that sent the lawsuits back to state court.
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March 19, 2025
Law360 Announces The Members Of Its 2025 Editorial Boards
Law360 is pleased to announce the formation of its 2025 Editorial Advisory Boards.
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March 19, 2025
Calif. Land Preservation Effort Hinders Housing, Atty Says
Efforts in Sacramento to protect and preserve land in Califfornia have contributed to a severe shortage of housing, one of Holland & Knight LLP's real estate leaders told Law360 Real Estate Authority in a recent interview.
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March 19, 2025
Wyo. Prescribes Order For Applying Property Tax Breaks
Wyoming established an order in which property tax exemptions should be applied when multiple exemptions apply to the same property under a bill signed by the governor.
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March 18, 2025
J&J Denies 'Evil Motive' In Face Of $30M Talc Damages
Johnson & Johnson did not act with the kind of "evil motive" that would justify a $30 million punitive damages award to a Connecticut man who won a lawsuit alleging its talc products caused his lung cancer, the company argued Tuesday in state court.
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March 18, 2025
'Disturbed' Singer Down With Sickness From Mold Sues Landlord
The lead singer of the rock band Disturbed has brought a lawsuit against the owner of the Miami-area digs he was renting for $18,500 a month, saying mold spawned by a leaky roof created a condition that impacted his ability to tour with his band.
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March 18, 2025
Property Cos. Can't Escape Govt.'s Fair Housing Suit
A property management company and several property owners can't be dismissed from Fair Housing Act suits filed by the federal government and advocacy groups accusing them of wrongfully refusing to provide reserved parking spaces to disabled tenants, a Delaware federal judge ruled Tuesday.
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March 18, 2025
99 Hudson Developer Loses Appeal In Buyers' NJ Fraud Suit
A New Jersey state judge's refusal to send a fraud lawsuit against the developer of the 99 Hudson condominium complex in Jersey City to arbitration was valid, a state appellate panel ruled Tuesday, saying the contract lacked clear language that the plaintiffs were waiving their statutory right to seek relief in court.
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March 18, 2025
Tower Capital Lines Up $85M For Build-To-Rent Projects
Tower Capital lined up more than $85 million in financing for four borrowers that will use the funds for three build-to-rent community projects and one multifamily community project, the private real estate capital advisory firm announced Tuesday.
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March 18, 2025
Conn. Atty Drops Appeal In Battle With Willkie Partner
Connecticut solo practitioner Eric Grayson has withdrawn an appeal of a state court decision to toss his lawsuit against a partner at Willkie Farr & Gallagher LLP and his wife, in which he accused the couple of abusing the court process by suing him over his comments in a New York Post story about their dispute with a landlord.
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March 17, 2025
Wells Fargo Says OCC Has Closed Home Loan Consent Order
Wells Fargo & Co. on Monday said the Office of the Comptroller of the Currency has closed a consent order related to its home lending business, marking the eleventh consent order against the bank that regulators have closed in recent years and another step forward in its regulatory rehabilitation efforts.
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March 17, 2025
Insurer Stands Alone Before $8.5M Condo Defect Judgment
The insurer for a contractor can't get help from third-party insurers to pay an $8.5 million judgment for alleged shoddy workmanship on a 2005 condo project because a settlement agreement released them from all claims, a Florida federal judge said Monday.
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March 17, 2025
4th Circ. Revives Tenant's FCRA Suit Over Disputed Debt
The Fourth Circuit has revived a tenant's lawsuit over an allegedly bogus charge from her landlord, ruling that collection agencies are not exempt from their obligation to investigate Fair Credit Reporting Act claims if they involve a legal dispute.
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March 17, 2025
At Distressed Assets Forum, Lenders Say They're Doing OK
Despite recent upticks in distress in commercial real estate and some foreboding statistics, bankers and private lenders speaking at a forum on distressed assets on Monday presented a rather optimistic outlook on being able to survive and even find opportunities in 2025.
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March 17, 2025
NY Tower Owner Buys Out JPMorgan Arm In $420M Deal
Steiner NYC closed a $420 million recapitalization of a Brooklyn multifamily tower and bought out equity partner J.P. Morgan Asset Management, guided by in-house counsel and a Latham & Watkins LLP team.
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March 17, 2025
Calif. Panel Sides With Tribe In Hotel Construction Fight
A California appeals panel has sided with a Native American tribe in its decision to reverse a lower court ruling and invalidate the city of Clearlake's approval of a hotel project on what was tribal land, finding that the city failed to comply with a state environmental law.
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March 17, 2025
Ginnie Mae Says Texas Bank Can't Undo Ruling On Lien
Ginnie Mae and the U.S. Department of Housing and Urban Development have urged a Texas federal court to grant them summary judgment in a Texas bank's lawsuit, which alleges the government wrongfully extinguished the bank's first-priority lien for nearly $30 million of collateral, saying the court already upheld the authority to terminate the lien.
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March 17, 2025
HUD, DOI To Identify Federal Land For Affordable Housing
The U.S. Department of Housing and Urban Development and the U.S. Department of the Interior will work together on identifying federal land that could be used as the sites of affordable housing, according to a joint announcement.
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March 17, 2025
Paul Hastings Guides Artemis From Founding To Takeover
When Paul Hastings partner Joshua H. Sternoff was initially pitched on repping Debbie Harmon and Penny Pritzker in creating the first women-owned real estate investment business, he thought it was a bet worth taking. About 16 years and several fundraising cycles later, Sternoff and others at Paul Hastings steered Artemis Real Estate Partners through what might be its biggest move yet.
Expert Analysis
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Adapting Force Majeure To A Predictably Unpredictable World
As the climate and political landscapes get more complicated, force majeure provisions will likely be triggered increasingly often, demanding an evolving understanding of when events and their impacts are truly unforeseeable, say attorneys at Nossaman.
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Impact Of Corporate Transparency Act Ambiguity On Banks
Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.
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Strategies For Home Equity Investment Providers In 2025
The home equity investment product market is thriving even amid consumer concerns, regulatory scrutiny and conflicting court decisions, setting the stage for a promising but challenging environment for providers in 2025, say attorneys at Sheppard Mullin.
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What Interest Rate Cuts Mean For Housing Markets
The Federal Reserve's recent reduction of interest rates may provide limited immediate relief for real estate sectors, but offers potential opportunities for commercial real estate investors and construction firms, which now face an environment ripe for new projects, say attorneys at Cozen O'Connor.
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California Supreme Court's Year In Review
Attorneys at Horvitz & Levy highlight notable decisions on major questions from the California Supreme Court's last term, including voter initiatives, hostile work environment and the economic loss rule.
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How CFIUS' Updated Framework Affects Global Investors
The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.
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'Reverse Redlining' Suit Reveals Language Risks For Lenders
The Justice Department's case against consumer finance provider Colony Ridge highlights the government's focus on lending to consumers with limited English proficiency and the risks of generating marketing materials in other languages while conducting actual transactions in English, say attorneys at Goodwin.
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Hurricane Coverage Ruling Clarifies Appraisal Scope In Fla.
In a case involving property insurance for hurricane damage, a Florida federal court recently enforced policy limits despite an appraisal award exceeding those limits, underscoring the boundaries between valuation and coverage — a distinction that provides valuable guidance for insurers handling post-catastrophe claims, says Tiffany Bustamante at Cozen O’Connor.
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Feds May Have Overstepped In Suit Against Mortgage Lender
The U.S. Department of Justice's lawsuit against Rocket Mortgage goes too far in attempting to combat racial bias and appears to fail on the fatal flaw that mortgage lenders should be at arm's length from appraisers, says Drew Ketterer at Ketterer & Ketterer.
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Foreclosing Lenders Still Floating In Murky Legal Waters In NY
The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.
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Philly's Algorithmic Rent Ban Furthers Antitrust Policy Trends
A Philadelphia bill banning the use of algorithmic software to set rent prices and manage occupancy rates is indicative of growing scrutiny of this technology, and reflects broader policy trends of adapting traditional antitrust principles to respond to new technology, say attorneys at Ballard Spahr.
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How Property Insurance Coverage Shrank After The Pandemic
Insurers litigating property claims are leveraging rulings that provided relief in the COVID-19 context to reverse the former majority rule on physical loss or damage in all contexts, say attorneys at Reed Smith.
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Why Secured Lenders Must Mind The Gap In UCC Searches
If not adequately addressed, the Uniform Commercial Code filing indexing gap can interfere with a lender's expected lien priority, but taking appropriate preclosing actions and properly timing searches can eliminate this risk, says Robert Wonneberger at Barclay Damon.