Residential
-
August 06, 2025
Inland Empire Calif. Multifamily Complex Sells For $148M
Broker Marcus & Millichap said it has arranged the $148.4 million sale of a 328-unit multifamily property in Southern California's Inland Empire area from its developer to a New York real estate firm.
-
August 05, 2025
New Developer To Build $1.5B Resi Towers In Jersey City
A new real estate developer stacked with former Brookfield Properties and Croesus Group executives unveiled the company's inaugural project on Tuesday — a $1.5 billion mixed-use project slated for construction in Jersey City, New Jersey.
-
August 05, 2025
FHFA Doubles Freddie, Fannie LIHTC Investment Caps
The Federal Housing Finance Agency will raise Freddie Mac and Fannie Mae's investment caps for Low Income Housing Tax Credit-qualifying properties from $1 billion for each government-sponsored enterprise to $2 billion annually, the agency announced on Tuesday.
-
August 05, 2025
Court Trims Most Of Contractors' Suit Against NJ Prosecutors
A New Jersey federal judge has trimmed the majority of claims brought against the Ocean County Prosecutor's Office by two contractors alleging they were illegally targeted in a criminal investigation over a business rivalry with an assistant prosecutor, ruling that the agency is protected by sovereign immunity.
-
August 05, 2025
Pa. Bill Seeks 5-Year Reassessment Cycle For Property Taxes
Pennsylvania would establish a schedule that would require counties to reassess property for tax purposes every five years under a bill introduced in the state Senate.
-
August 05, 2025
Housing Builder Boxabl Goes Public Via $3.5B SPAC Deal
Housing solutions company Boxabl Inc., advised by Winston & Strawn LLP, announced plans on Tuesday to go public via a merger with Loeb & Loeb LLP-led special purpose acquisition company FG Merger II Corp. in a deal that values the business at $3.5 billion.
-
August 04, 2025
Rocket Cos. Investor Drops Mich. Derivative Suit
An investor in the parent company of online mortgage lender Rocket Mortgage has dropped derivative allegations that the company's brass concealed a loan demand downturn a week after a proposed shareholder class action making similar claims was voluntarily tossed.
-
August 04, 2025
Ex-Yankee Strikes $729K Deal With Moldy Mansion's Landlord
Former Major League Baseball player Joshua Donaldson will receive around $729,000 from the landlord of a Connecticut mansion that suffered a mold problem after they reached a post-verdict deal to end their federal contract dispute.
-
August 04, 2025
DC Circ. Backs FBI Agent's Bribery Sentence
The D.C. Circuit Court has affirmed a former FBI special agent's two-year sentence for taking a bribe in connection with a property-buying scheme, finding that he accepted at least $6,500 from a real estate developer in exchange for illegally sharing information from a protected database to which the FBI subscribed.
-
August 04, 2025
Dorsey & Whitney RE Atty Joins Thompson Coburn In Dallas
Thompson Coburn LLP announced Monday that an experienced real estate attorney who's worked at several major firms in Dallas has come aboard from Dorsey & Whitney LLP.
-
August 04, 2025
Hertz GC Leaves For Lennar After 1 Year In The Role
The general counsel of Hertz has been hired by homebuilder Lennar Corp. as its new chief legal officer, effective Sept. 2, as Lennar's longtime general counsel steps down and the car rental giant moves one of its in-house attorneys to serve in an interim capacity.
-
August 04, 2025
2 Firms Guide Elme Communities' $1.6B Portfolio Sale
Elme Communities announced Monday that it plans to sell 19 multifamily assets to Cortland Partners LLC in a $1.6 billion deal, after which the multifamily real estate investment trust will liquidate remaining assets, in a deal guided by King & Spalding and Hogan Lovells.
-
August 04, 2025
Real Estate Lawyers On The Move
Holland & Hart, Davis Hartman Wright and Hahn Loeser are among the law firms that have made recent real estate or construction hires.
-
August 04, 2025
Condo Can't Boot Unit Owner After Assault, Mass. Court Says
A Massachusetts condominium association cannot force a unit owner charged with assaulting another resident to vacate his property, an intermediate state appellate court said Monday.
-
August 04, 2025
Walker & Dunlop Lines Up $105M Refi For Nashville High-Rise
Walker & Dunlop Inc. lined up $105 million in refinancing provided by Nuveen for a 356-unit, mixed-use high-rise in Nashville, Tennessee, the commercial real estate finance and advisory services firm announced Monday.
-
August 04, 2025
Texas Bill Seeks Lower Voter-Approval Property Tax Rate
Texas would reduce its voter-approval property tax rate, or the rate that a local government unit may adopt without voter approval, for large taxing units under a bill introduced in the state Senate.
-
August 04, 2025
Greenberg Traurig Guides $128M Loan For NYC Tower
Real estate fund manager and operator Arden Group borrowed $128.8 million from real estate investment trust Starwood Property Trust Inc. for Arden's multifamily tower in uptown Manhattan's Inwood neighborhood in a deal guided by Greenberg Traurig LLP, according to official property records.
-
August 04, 2025
Gibson Dunn Guides $320M Loan For NYC Office Conversion
An affiliate of Bushburg received a $320 million construction loan for an office-to-residential conversion in New York City's Financial District, in a deal guided by Gibson Dunn & Crutcher LLP, per county property records.
-
August 01, 2025
Land Claimant Urges No New Trial In $30M Cuba Resort Case
The claimed owners of the Cuban barrier island Cayo Coco urged a Florida federal judge Thursday to deny a new trial to Expedia Group, Orbitz and Hotels.com after a jury awarded $29.85 million on findings that the booking sites engaged in prohibited trafficking by taking reservations for resorts on land seized by Fidel Castro's government.
-
August 01, 2025
FAA Greenlights 820-Foot Tower In Sunny Isles, Fl.
The Federal Aviation Administration determined that construction of a new, 820-foot tower along the beachfront in Sunny Isles, Florida, will not impede nearby air navigation.
-
August 01, 2025
Normal Wear Is On Landlord's Dime, Not Renters', Court Says
Massachusetts' highest court on Friday concluded that landlords cannot ding a tenant's security deposit for normal wear and tear like scuffs on walls, nor can they force a tenant to pay for professional cleanings during a moveout.
-
August 01, 2025
Texas Bill Seeks Permanent Limit For Property Tax Increases
Texas would establish a permanent cap on increases in the appraised value of real property other than residence homesteads for property tax purposes if voters approve a proposed constitutional amendment authorizing the cap, as part of legislation filed in the state House of Representatives.
-
August 01, 2025
Ex-Partner Of Seiden & Schein Says Firm Is Scapegoating Him
A former shareholder and director of the dissolved New York City real estate law firm Seiden & Schein PCÂ hit back at its $25 million suit accusing him of poaching clients and employees and stealing confidential information, claiming in New York state court that the case is a "calculated" attempt to "smear" him and make him a "scapegoat."
-
August 01, 2025
Firms Say Lien Discharge Row Was Not Vexatious Litigation
The law firms Neubert Pepe & Monteith PC and Cuddy & Feder LLP told a Connecticut state court they should not have to face a lawsuit from a couple who claim they misused the judicial system to delay payouts from a property owner, arguing that the complaint does not sufficiently allege they engaged in vexatious litigation.
-
August 01, 2025
Developer Group Wants Pittsburgh Inclusionary Zoning On Ice
A Pittsburgh trade group has asked a Pennsylvania federal court to temporarily bar enforcement of a zoning ordinance mandating that large multifamily developments include affordable units, after the city's planning department demanded that a member comply with the ordinance.
Expert Analysis
-
The Year Ahead In Foreign Investment And National Security
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.
-
A Challenging CRE Environment Holds Opportunities In 2024
As the commercial real estate market faces reduced occupancy levels and rising financing costs, the new landscape will be favorable to those who can leverage capital, strategic vision and expertise to meet challenges like taking on distressed properties and converting office space to residential use, say Nesa Amamoo and Vered Rabia at Skadden.
-
A Former Bankruptcy Judge Talks 2023 High Court Rulings
In 2023, the U.S. Supreme Court issued four bankruptcy law opinions — an extraordinary number — and a close look at these cases signals that changes to the U.S. Bankruptcy Code will have to come from Congress, not the courts, says Phillip Shefferly at the University of Michigan Law School.
-
DOJ Comments Reveal Road Ahead For Mortgage Redlining
Comments from two U.S. Department of Justice representatives at a recent fair lending conference show that the DOJ is prioritizing investigations and enforcement against redlining risks, and highlight important compliance steps for lenders, say Lori Sommerfield and Chris Willis at Troutman Pepper.
-
DOJ's RealPage Notice Signals Focus On Pricing Algorithms
The U.S. Department of Justice's Antitrust Division recently filed a statement of interest in the Realpage multidistrict litigation to stake out its position that price-fixing algorithms pose a great anti-competitive threat, which suggests that the DOJ and private parties may continue to bring similar actions in the future, say attorneys at Simpson Thacher.
-
4 Key Types Of Coming FHLBank Reforms To Watch
Though the Federal Housing Finance Agency's recent report on the Federal Home Loan Bank System has received relatively little attention, the regulatory and legislative changes it proposes in four categories herald the start of a significant effort by the agency to reform the system’s structure and operations and overhaul requirements for member banks, say attorneys at Mayer Brown.
-
Property Owner Considerations Around Electric Vehicle Bans
In light of a property management company's recent ban on electric vehicles in Canada, it's worth considering how similar bans might fare in Florida and other U.S. states, and the legal ramifications that could potentially arise, say Gerardo Ortega and Gary Kaleita at Lowndes.
-
Trump NY Fraud Trial Shows Civil, Criminal Case Differences
Former President Donald Trump’s civil fraud trial currently unfolding in New York provides a reminder that civil bench trials can be just as damaging, if not more so, than criminal prosecutions, due to several key elements of civil litigation procedure, says retired attorney David Moskowitz.
-
Why NYC Building Owners Shouldn't Ignore Emissions Rule
New rules from the New York City Department of Buildings clarify the previously vague good faith efforts that building owners may make to mitigate penalties for not complying with a major carbon emission law that takes effect in January, and should discourage owners from simply paying the fines instead of decarbonizing, says William McCracken at Moritt Hock.
-
What NJ's Green Remediation Guidance Means For Cleanups
Recent guidance from the New Jersey Department of Environmental Protection promoting greener approaches to restoring contaminated sites demonstrates the state's commitment to sustainability and environmental justice — but could also entail more complexity, higher costs and longer remediation timelines, say J. Michael Showalter and Bradley Rochlen at ArentFox Schiff.
-
A New Path Forward For Surplus Land Owners In Calif.
A new California law signed last month enables some religious institutions and nonprofit colleges to build affordable housing on surplus land, and its requirements — which are more manageable than they may appear — will support long-term benefits including good housing and the survival of worthy institutions, says Stephen Wilson at Withers.
-
Inside Bank Regulators' Community Lending Law Overhaul
The federal banking agencies' recently finalized changes to the Community Reinvestment Act not only account for the gradual shift to an environment where lending and deposit-taking are primarily conducted online, but also implement other updates such as diversity initiatives and a new series of lending tests, say attorneys at Norton Rose.
-
A Bird's Eye View Of NYC's New Parapet Inspection Law
Building owners in New York City should be ready for the city's new parapet inspection requirements going into effect in January, which will likely necessitate additional construction work for countless buildings not previously subject to formal inspections, says Benjamin Fox Tracy at Braverman Greenspun.