Residential
-
April 04, 2025
Kuwait, Feds Reach Deal In Minister Embezzlement Case
The U.S. government, the Kuwaiti government and the California business partner of a former Kuwaiti deputy prime minister accused of embezzling millions of dollars from the Middle Eastern nation told a California federal court that they've reached a deal in a related federal civil forfeiture case.
-
April 04, 2025
Fla. House Bill Would Cut General Sales Tax Rate, Other Rates
Florida would reduce the state's general sales tax rate and other sales tax rates, including the rates imposed on commercial rent, electricity and sales of new mobile homes, by three-quarters of a percentage point under a bill introduced in the state House of Representatives.
-
April 04, 2025
NYC Office Tower Converted To Multifamily Faces Foreclosure
A lender has sued in New York federal court to foreclose on a loan for a Financial District building that developer Nathan Berman converted from office to multifamily in 2017.
-
April 04, 2025
Taxation With Representation: Ropes & Gray, Paul Hastings
In this week's Taxation With Representation, Siemens AG acquires Dotmatics from Insight Partners, LPL Financial acquires Commonwealth Financial Network, Brookfield Asset Management takes a majority stake in Angel Oak Cos., and TowneBank acquires Old Point Financial Corp.
-
April 03, 2025
$2M Limits Off Table In Construction Defect Row, Insurer Says
An insurer for a waterproofing consultant and architecture firm said its policy's $2 million aggregate limit does not apply to a condo association's underlying construction defect claims, telling a Florida federal court that the claims count as a single occurrence subject to a $1 million limit.
-
April 03, 2025
Wash. AG Pushes RealPage Conspiracy Claims In New Suit
The Washington State Attorney General's Office launched a new lawsuit in state court on Thursday accusing RealPage of conspiring with landlords to jack up rent prices, after withdrawing from a similar federal case last month to pursue claims that could result in more restitution for Evergreen State renters.
-
April 03, 2025
Iaffaldano Shaw Guides $2B Miami Resi Tower Project
Proper Hospitality, advised by Iaffaldano Shaw, unveiled plans for a 28-story residential tower in Miami's Midtown neighborhood, which will be set within a $2 billion mixed-use development, the company said.
-
April 03, 2025
Real Estate Lawyers On The Move
Blank Rome, Greenberg Traurig and Troutman are among the law firms that have made recent real estate hires.
-
April 03, 2025
Vantage Capital Wraps $95.5M Multifamily Portfolio Sale
Vantage Capital Advisors has sold off a two-property multifamily portfolio based in the Midwest for $95.5 million to an unidentified buyer, the real estate investment management company announced.
-
April 03, 2025
Ginnie Mae Wins Fight Over Reverse Mortgage Collateral
A Texas federal judge granted a win to Ginnie Mae and the U.S. Department of Housing and Urban Development over challenges to their decision to extinguish Texas Capital Bank's lien on reverse mortgage assets, holding that Ginnie Mae's statutory authority extends to the entire mortgage once an issuer defaults.
-
April 03, 2025
Ex-JPMorgan Atty Gets Probation For NYC Housing Fraud
A former Bronx prosecutor and JPMorgan attorney was sentenced in New York state court Thursday to probation and community service for fraud and grand larceny, after she pled guilty to using forged records to obtain low-rent apartments.
-
April 03, 2025
Family Used Home Loan Scheme To Shirk Tax Debt, DOJ Says
A man who owes more than $1 million in taxes helped his daughter fraudulently obtain a home loan so he could effectively own the house while avoiding paying his debt, the U.S. government said in a complaint in Florida federal court.
-
April 03, 2025
Ky. Allows Special Property Tax In Development Project Areas
Kentucky authorized taxing districts organized as part of regional economic development projects to impose a special tax on property located within their boundaries under a bill signed by Gov. Andy Beshear.
-
April 03, 2025
Adams Case Threatens NY Southern District's 'Supremacy'
The controversial end to New York City Mayor Eric Adams' historic criminal corruption prosecution could threaten the Southern District of New York's privileged status within the Justice Department and its leverage over other districts when it comes to vying for the lead on high-profile cases, experts say.
-
April 02, 2025
Real Estate Caught In ESG Tug Of War
Despite a growing backlash in recent years against environmental, social and governance factors in business strategy, attorneys say that, in the near term, real estate companies may not be abandoning ESG — although they have been adjusting their behavior.
-
April 02, 2025
RealPage Sues Berkeley Over Rent Pricing Software Ban
RealPage on Wednesday asked a California federal judge to block Berkeley, California's impending ordinance prohibiting the use of software to set rent prices, claiming the ban is unconstitutional and based on the "groundless" claim that the algorithmic real estate pricing company's software has contributed to rising rent.
-
April 02, 2025
Avison Young's Miami Team Thrives In Full-Court Press
When a high-profile piece of property lands in the middle of a court case in Florida, there's a good chance the phone will soon be ringing in global real estate advisory firm Avison Young's Miami office.
-
April 02, 2025
Jurny AI Platform Eyes Growth With New Partners, Hotel Deal
Jurny Inc., which has developed an AI-powered property management platform that it says can significantly increase operational efficiency for the hospitality industry, announced it has secured strategic investments to help support an aggressive expansion.
-
April 02, 2025
Trump Unveils New Tariffs On Dozens Of Countries
President Donald Trump announced sweeping tariffs on major trading partners Wednesday, including a 10% rate on all goods entering the U.S. to take effect later this week, in a "declaration of economic independence" he says will jump-start domestic industry and production.
-
April 02, 2025
Opendoor To Settle Shareholders' Real Estate Tech Suit
Investors in real estate firm Opendoor Technologies Inc. said in a court filing Wednesday that they've struck a deal to end a lawsuit accusing the company of overhyping its pricing algorithm software prior to going public in a reverse merger with a special-purpose acquisition company.
-
April 02, 2025
Fla. High Court Told Condo's Irma Claim Redo Lacked Key Info
An insurance company told the Florida Supreme Court on Wednesday that a Miami condominium's reopened claim for damage caused by Hurricane Irma wasn't sufficient to trigger a supplemental claim, arguing that state law required additional information regarding the initial loss.
-
April 02, 2025
New EB-5 Investors Rushing In Amid 'Gold Card' Uncertainty
Questions about the future of the EB-5 visa program have ushered in a "rush" of investors amid concerns that the minimum investment threshold could rise roughly five-fold under the Trump administration's so-called Gold Card program.
-
April 02, 2025
2 Firms Rep $108M NYC Condo Loans
The owner of a luxury mixed-use condominium in the Brooklyn borough of New York borrowed two loans worth more than $108 million combined in separate deals guided by King & Spalding LLP and Brownstein Hyatt Farber Schreck LLP, according to official property records.
-
April 02, 2025
Northwind, BHI Fund $170M NYC Luxury Condo Project
Northwind Group and the U.S. arm of Bank Hapoalim BM provided a $170 million construction loan for Nortco Development's 36-unit luxury condominium development in New York City's Upper West Side, the lenders announced.
-
April 02, 2025
Miami Greenlights $3B Affordable Housing Project
The Miami-Dade County Commission voted unanimously to grant final approval for a $3 billion mixed-used development, which will span 63 acres and contain 5,700 affordable and workforce housing units.
Expert Analysis
-
What Contractors Can Do To Address Material Cost Increases
In light of the Trump administration's plans to increase tariffs on Mexico, Canada and China, construction industry players should proactively employ legal strategies to mitigate the impacts that price increases and uncertainty may have on projects, says Brenda Radmacher at Seyfarth Shaw.
-
Reg Waiver Eases Calif. Rebuilding, But Proceed With Care
California Gov. Gavin Newsom's executive order suspending some environmental review and permitting requirements for the reconstruction of homes and businesses damaged by recent wildfires may streamline rebuilding efforts, but will require careful navigation of the evolving regulatory landscape, says Gregory Berlin at Alston & Bird.
-
A View Of The Shifting Insurance Regulatory Landscape
Attorneys at Eversheds Sutherland explore how the Federal Insurance Office's climate report, the new presidential administration and the California wildfires might affect the insurance regulatory landscape.
-
The Tides Are Changing For Fair Access Banking Laws
The landscape of fair access banking laws, which seek to prevent banks from denying services based on individuals' ideological beliefs, has shifted in the last few years, but a new presidential administration provides renewed momentum for advancing such legislation against the backdrop of state efforts, say attorneys at Latham.
-
How Congress Can Stem Consumer Finance Law Uncertainty
In the face of rising uncertainty about consumer finance laws that are based largely on fluctuating administrative rules, Congress should cement certain existing laws into statute and clarify federal agencies' delegations of authority, say attorneys at Bradley Arant.
-
Illuminating The Trend Of Florida's Unpaid Hurricane Claims
The sheer number of insurance claims closed without payment for damage caused by Hurricanes Milton and Helene reveals a systemic problem within Florida's insurance industry exacerbated by complex issues, including climate change and state regulators' resource limitations, say attorneys at Farah & Farah.
-
Insurance Considerations For LA Wildfire Recovery
Businesses and homeowners affected by the destructive Southern California wildfires must act swiftly and strategically to navigate the complexities of the insurance recovery process, including by identifying all applicable policies, documenting damage thoroughly and keeping abreast of relevant state law, say attorneys at Morgan Lewis.
-
LA Wildfires' Effect On Calif. Insurer Of Last Resort
Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.
-
Algorithm Price-Fixing Ruling May Lower Antitrust Claims Bar
A Washington federal court's refusal to dismiss Duffy v. Yardi Systems, an antitrust case over rent prices allegedly inflated by revenue management software, creates an apparent split in the lower courts over how to assess such claims, say attorneys at Morgan Lewis.
-
California's New Homeowner Law Could Hamper Foreclosures
While A.B. 2424, which took effect this month in California, gives homeowners in default additional protections, it also provides loopholes that can be used to delay foreclosure auctions, and the cost of these delays will likely be passed on to the borrower, says Stephen Britt at Severson & Werson.
-
Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.
-
What's Ahead As Transparency Act Comes To A Crossroads
Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.
-
Ohio Banking Brief: All The Notable Legal Updates In Q4
Ohio's banking and financial services sector saw several significant developments in the fourth quarter of 2024, including a landmark Uniform Commercial Code ruling, adjustments to the state's Homebuyer Plus Program and the launch of the state's first women-led bank, says attorney Alex Durst.