Residential
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September 16, 2025
Feds Can't Avoid Property Owners' Navy Flight Takings Claims
A U.S. Court of Federal Claims judge rejected the government's attempt to shutter property owners' claims accusing the U.S. Navy of violating the Fifth Amendment by boosting flight operations at a Washington air strip, paving the way for a March trial.
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September 16, 2025
Pulte, Insurers Settle Property Damage Coverage Dispute
Two PulteGroup Inc. subsidiaries have settled their property damage coverage suit against multiple insurers in New Mexico federal court, according to the presiding judge's order on Tuesday.
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September 16, 2025
Office, Multifamily Deals Thrive In Calif. Bay Area AI Boom
Office buildings and apartments were the hottest properties to trade hands in the San Francisco Bay Area during the first half of 2025, amid the region's office market rebound as an influx of artificial intelligence companies pop up and claim workspace, according to a CBRE report.
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September 16, 2025
Insurer Must Arbitrate Chemical Injury Coverage Dispute
An insurer must arbitrate its dispute with a homeowners association over coverage for underlying suits claiming that the association's pool contractor allowed hazardous chemicals to spread and injure patrons, a Virginia federal court ruled, finding that the policy's nonbinding arbitration agreement is enforceable under state law.
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September 16, 2025
CORRECTED: Investment Co. Borrows $196M For NYC Condos Refi
Alternative investment manager InterVest Capital Partners borrowed more than $196 million from Deutsche Bank AG to refinance 114 condominium units in Manhattan's Upper West Side neighborhood, according to official property records.
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September 15, 2025
Rocket Mortgage Can't Defeat DOJ's Racial Bias Suit
A Colorado federal judge has declined to toss the federal government's race discrimination suit against Rocket Mortgage, an appraisal management company and an appraiser, finding, among other things, that Rocket could have requested correction of the appraisal at the heart of the suit.
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September 15, 2025
Delayed Notice Of $3.2M Verdict Bars Coverage, Insurer Says
A Florida property owner isn't covered for a $3.2 million judgment entered against it in an underlying personal injury lawsuit, an insurer told a federal court Monday, arguing that the property owner failed to fulfill its reporting obligations and that exclusions in a commercial general liability policy bar coverage.
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September 15, 2025
Building Owner Urges DC Circ. To Weigh Tenant Eviction Row
The owner of a Washington, D.C., multifamily property asked the D.C. Circuit on Monday for an immediate stay of a decision that allowed a tenant to access a unit the owner recovered while the tenant was hospitalized following an arrest, claiming the order puts residents at risk.
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September 15, 2025
No New Deals In $100M Commercial Bribery Case, NY DA Says
Prosecutors told a New York state judge Monday that there would be no plea deals for the men accused of orchestrating a $100 million corporate bribery and kickback scheme and that they were headed for trial in January, prompting defense attorneys to cry foul.
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September 15, 2025
Calif. Nonprofit Launches Affordable Housing PE Fund
BRIDGE Housing launched a private equity fund that's on pace to raise $350 million to fund the construction, preservation and acquisition of affordable and workforce housing "in major metropolitan areas in California, Oregon and Washington," the Golden State-headquartered nonprofit announced Monday.
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September 15, 2025
Condo Group Says Insurer Undervalued $3.8M Plumbing Loss
A condominium association accused an AIG unit in Florida federal court Monday of "grossly" undervaluing the amount of damages it incurred from a cracked water pipe, saying the entirety of its plumbing system has since failed, causing more than $3.8 million in repair and replacement costs.
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September 15, 2025
LA Developer Agrees To Tear Down Homes In Laurel Canyon
The Los Angeles city attorney on Monday announced a plea agreement with one of two developers accused of violating building and safety guidelines by restarting construction on a contentious five-home development in Laurel Canyon.
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September 15, 2025
NYC Real Estate Week In Review
Greenberg Traurig and Goldberg Weprin are among the law firms that picked up work on the largest New York City real estate deals that hit public records last week, with all five of the week's top deals happening in Manhattan.
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September 15, 2025
JLL Guides $1.1B Multifamily Sale, Freddie Mac Financing
Fairfield acquired a 15-property multifamily portfolio spanning six states from Sunroad Enterprises in a $1.1 billion blockbuster deal, seller-side broker JLL announced Monday.
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September 15, 2025
RI Court Halts Political Criteria In $75M Homelessness Grant
A Rhode Island federal judge granted a temporary restraining order directing the U.S. Department of Housing and Urban Development to disburse grants through a $75 million program to combat homelessness after groups complained the Trump administration sought to impose new barriers to winning funding.
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September 15, 2025
NJ Multifamily Building Nabs $220M Bridge Loan
Developer Namdar Group borrowed a $220 million bridge loan from real estate lender TYKO Capital to refinance Namdar's 576-unit, 27-story mixed-use Jersey City, New Jersey, multifamily property, commercial real estate finance services company Walker & Dunlop Inc. announced Monday.
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September 12, 2025
Higher Ed Real Estate: A Back To School Special
As colleges and universities face mounting financial pressures and enrollment challenges, their real estate strategies are evolving. From legal battles over property disputes to creative approaches for monetizing underutilized assets, Law360 Real Estate Authority offers a window into real estate concerns in the higher education sector.
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September 12, 2025
Fla. Ex-Atty Banned From Pro Se Suits To Win Back House
The Florida Supreme Court has sanctioned a disbarred Tampa tax attorney and banned her from filing any more pro se complaints related to efforts to regain her house, which was taken away by court order more than eight years ago.
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September 12, 2025
Wash. Condo Association, Insurer Settle Water Damage Suit
A Washington condominium association has settled a lawsuit with Country Casualty Insurance Co. over $2.4 million in unpaid claims for water damage that an architect and the association discovered in a probe to find hidden problems in buildings.
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September 12, 2025
Boston Activist Eyes Plea In Charity Fraud Case
A prominent Boston anti-violence activist asked a federal judge on Friday to schedule a change of plea hearing in a case alleging she misused donations to a nonprofit and pandemic assistance funds for housing, travel, dining and other personal expenses.
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September 12, 2025
New House Bill Would Boost Infrastructure Protections
A Democratic congressman and two other lawmakers are headlining a bipartisan House bill that aims to bolster both critical infrastructure protections and the authority of the federal government's Committee on Foreign Investment in the United States when it comes to probing and blocking real estate deals that could endanger the properties.
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September 12, 2025
Firm Says Lender In 'Falsified' Loan Suit Wasn't A Client
Pullman & Comley LLC has told a Connecticut state judge it should not have to face a New York lender's claims in a legal malpractice case accusing the multistate law firm of failing to flag allegedly falsified $16.2 million loan documents because the plaintiff was not its client.
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September 12, 2025
Title Group Says FinCEN Erred In Rule On All-Cash Resi Deals
The American Land Title Association told a Florida federal judge that the U.S. Department of the Treasury's Financial Crimes Enforcement Network underestimated the costs and overestimated the benefits of a rule imposing new reporting requirements on all-cash residential real estate transactions.
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September 12, 2025
NYC Eviction Counsel Program Struggles To Meet Its Goals
More than half the households eligible for New York City's Right to Counsel program are not receiving legal representation in eviction cases, with representation rates for all households that appear in court peaking at just over half of tenants in 2022 before falling to roughly one-third of citywide tenants in 2024, according to a report.
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September 11, 2025
Nationwide, Travelers Settle 'Hot Tub Lung' Coverage Dispute
Nationwide and Travelers told a California federal judge they have reached a settlement in a lawsuit over coverage for a condominium association facing claims from a resident alleging he needed a double lung transplant due to contaminants from a hot tub and pool.
Expert Analysis
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A Closer Look At Feds' Proposed Banker Compensation Rule
A recently proposed rule to limit financial institutions' ability to award incentive-based compensation for risk-taking may progress through the rulemaking process slowly due to the sheer number of regulators collaborating on the rule and the number of issues under consideration, say attorneys at Troutman Pepper.
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The FTC And DOJ Should Backtrack On RealPage
The antitrust agencies ought to reverse course on their enforcement actions against RealPage, which are based on a faulty legal premise, risk further property shortages and threaten the use of algorithms that are central to the U.S. economy, says Thomas Stratmann at George Mason University.
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Ohio Tax Talk: The Legislative Push For Property Tax Relief
As Ohio legislators attempt to alleviate the increasing property tax burden, four recent bills that could significantly affect homeowners propose to eliminate replacement property tax levies, freeze property taxes for longtime homeowners, adjust homestead exemptions annually for inflation, and temporarily expand the homestead exemption, say Raghav Agnihotri and Rachael Chamberlain at Frost Brown.
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In The sa¹ú¼Ê´«Ã½ Playbook: Regulatory Aims Get High Court Assist
Newly emboldened after the U.S. Supreme Court last month found that the Consumer Financial Protection Bureau's funding is constitutional, the bureau has likely experienced a psychic boost, allowing its already robust enforcement agenda to continue expanding, say attorneys at Husch Blackwell.
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What's New In Kentucky's Financial Services Overhaul
Kentucky's H.B. 726 will go into effect in July and brings with it some significant restructuring to the Kentucky Financial Services Code, including changes to mortgage loan license fees and repeals of provisions relating to installment term loans and savings associations, say attorneys at Frost Brown.
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A Comparison Of FDIC, OCC Proposed Merger Approaches
Max Bonici and Connor Webb at Venable take a closer look at the Federal Deposit Insurance Corp.'s and Office of the Comptroller of the Currency's respective bank merger proposals and highlight certain common themes and important differences, in light of regulators continually rethinking their approaches to bank mergers.
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Tax Assessment: Recapping Georgia's Legislative Session
Jonathan Feldman and Alla Raykin at Eversheds Sutherland examine tax-related changes from Georgia’s General Assembly — such as the governor’s successful push to accelerate income tax cuts — and suggest steps to take before certain tax incentives are challenged in the state's next legislative session.
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11th Circ. Ruling May Foreshadow Ch. 15 Clashes
The Eleventh Circuit's recent decision in In re: Talal Qais Abdulmunem Al Zawawi has introduced a split from the Second Circuit regarding whether debtors in foreign proceedings must have a domicile, calling attention to the understudied nature of Chapter 15 of the Bankruptcy Code, say attorneys at Cleary.
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A Look At New IRS Rules For Domestically Controlled REITs
The Internal Revenue Services' finalized Treasury Regulations addressing whether real estate investment trusts qualify as domestically controlled adopt the basic structure of previous proposals, but certain new and modified rules may mitigate the regulations' impact, say attorneys at Simpson Thacher.
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What CRA Deadline Means For Biden Admin. Rulemaking
With the 2024 election rapidly approaching, the Biden administration must race to finalize proposed agency actions within the next few weeks, or be exposed to the chance that the following Congress will overturn the rules under the Congressional Review Act, say attorneys at Covington.
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How New Rule Would Change CFIUS Enforcement Powers
Before the May 15 comment deadline, companies may want to weigh in on proposed regulatory changes to enforcement and mitigation tools at the disposal of the Committee on Foreign Investment in the United States, including broadened subpoena powers, difficult new mitigation timelines and higher maximum penalties, say attorneys at Venable.
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2nd Circ. Eminent Domain Ruling Empowers Municipalities
The Second Circuit's recent decision in Brinkmann v. Town of Southold, finding that a pretextual taking does not violate the Fifth Amendment's takings clause, gives municipalities a powerful tool with which to block unwanted development projects, even in bad faith, say James O'Connor and Benjamin Sugarman at Phillips Lytle.
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SEC Should Be Allowed To Equip Investors With Climate Info
The U.S. Securities and Exchange Commission's new rule to require more climate-related disclosures will provide investors with much-needed clarity, despite opponents' attempts to challenge the rule with misused legal arguments, say Sarah Goetz at Democracy Forward and Cynthia Hanawalt at Columbia University’s Sabin Center for Climate Change.