Residential

  • March 29, 2024

    Millennials Bounced Back In Homebuying Market, NAR Finds

    Millennials retook their spot as the largest share of homebuyers between July 2022 and June 2023, driven by younger buyers' first-time home purchases and older millennials' repeat purchases, according to a National Association of Realtors report.

  • April 02, 2024

    Connecticut Estate Withdraws Deadly Airbnb Blast Claims

    The estate of a woman who died two years ago after the stove in an Airbnb property in Jamaica erupted into a fiery blast has withdrawn a Connecticut lawsuit against both the online service and the Texas-based owner of the retreat, with the maneuver coming just days after the owner challenged jurisdiction in the state.

  • April 02, 2024

    MV Realty Files Ch. 11 Plan Amid Growing Calls To Toss Case

    MV Realty plans to reorganize in Florida bankruptcy court by firing its brokers and collecting millions in fees from about 34,000 U.S. homeowners over the next 40 years, even as more than a dozen states backed the U.S. Trustee's view that the case is a stall tactic against prosecutors.

  • April 02, 2024

    Ex-NY Court Atty Says DA Has No Evidence Of Corruption

    A former appeals court attorney told a Manhattan jury Tuesday that the district attorney can't back up charges that she intended to benefit her husband when she gave a "basic, procedural fact" about the status of a case to his client.

  • April 02, 2024

    McLaughlin Stern Wins NY Properties Cases

    McLaughlin & Stern LLP's real estate practice team won two victories in New York state courts, preserving a company's ownership of a Brooklyn townhouse and getting a mechanic's lien tossed in a case involving a Long Island home's renovation.

  • April 02, 2024

    Berkeley Nixes Natural Gas Ban, But Shift To Electric Rolls On

    The city of Berkeley has agreed to unwind a ban on natural gas infrastructure in new construction under a deal with the California Restaurant Association, possibly foreshadowing a shift away from such bans and toward new incentive structures for electrification, attorneys say.

  • April 02, 2024

    Conn. Real Estate Co. Accused Of Inflating Commissions

    The largest real estate firm in Connecticut, William Raveis Real Estate Inc., "artificially elevated" commissions and company profits when its executives and employees flooded the ranks of local and national trade groups and helped adopt lucrative new rules, a proposed class action antitrust and unfair trade practices case alleges.

  • April 02, 2024

    Hagens Berman To Lead Yardi Rent Price-Fixing Class Action

    A Washington federal court tapped Hagens Berman Sobol Shapiro LLP as interim lead counsel for a putative class of renters amid a suit alleging that 11 property management companies are part of a price-fixing ring powered by an algorithm developed by Yardi Systems Inc.

  • April 02, 2024

    JLL, Amazon Close $140M Financing Deal For Wash. Homes

    JLL has lined up $139.64 million in financing from the Amazon Housing Equity Fund for the acquisition and renovation of 11 affordable housing properties in the state of Washington, the real estate services firm announced.

  • April 01, 2024

    RICO Claims Fail In Suit Against Developer, Judge Says

    A Texas federal judge on Monday dismissed a lawsuit brought by real estate entities associated with a Dallas developer who accused the founders of Megatel Homes LLC of racketeering, saying that the lawsuit didn't plausibly state that the defendants had engaged in any unlawful racketeering activity.

  • April 01, 2024

    Loophole Ties Conn. Firm To Home Sale Row, Judge Told

    A narrow exception to Connecticut's unfair trade practices law means an estate lawyer can be sued over how his firm handled money after the seller of a Vermont home suddenly died and his significant other was left in the lurch, an attorney for the girlfriend told a Connecticut judge on Monday.

  • April 01, 2024

    Justices Won't Review Mortgage Vehicles' Tax Break

    The U.S. Supreme Court declined Monday to take up a case from a group of whistleblowers who pressed for an Internal Revenue Service review of tax-exempt status for real estate mortgage investment conduits.

  • April 01, 2024

    Texas Judge Halts New Community Lending Rules For Banks

    A Texas federal judge has ordered a halt to the rollout of federal banking regulators' recently revamped rules intended to spur bank lending in underserved communities, granting a preliminary injunction sought by bank industry trade groups suing to overturn the changes.

  • April 01, 2024

    SmartRent Workers Get Class Cert. In Unpaid OT Row

    A Georgia federal judge has granted conditional class certification to a group of former and current employees of a smart home technology firm, who allege the company failed to compensate them correctly for overtime hours they worked.

  • April 01, 2024

    Gas Cos. Must Face State Law Claims In Contamination Row

    Electricity and natural gas company WEC Energy Group Inc. can't dodge all claims by Illinois residents accusing the company and its subsidiary of conspiring with a public relations firm to hide the extent of natural gas contamination in an aquifer that provides drinking water, an Illinois federal judge ruled Sunday.

  • April 01, 2024

    Mass. Justices Puzzle Over Standard For Zoning Appeal Bond

    Massachusetts' highest court on Monday grappled with whether developers in Boston must show that project opponents are acting in bad faith in order to obtain an appeal bond, as they now must do elsewhere in the state since a 2022 holding in a suburban affordable housing challenge.

  • April 01, 2024

    NYC Real Estate Week In Review

    Kriss & Feuerstein and Goldberg Weprin are among the law firms that worked on the largest New York City deals that hit public records last week, a period that included a pair of transactions for residential units at a Manhattan Fifth Avenue condo tower.

  • March 29, 2024

    Silicon Valley Co. Planning New City Can Sue Landowners

    A California federal judge has refused to throw out a suit claiming that landowners conspired to drive up the cost of land in Solano County near Sacramento as a mysterious entity backed by Silicon Valley bigwigs attempted to buy up land to build a brand new, sustainable city.

  • March 29, 2024

    Judge Won't Stop Immigration Fee Hikes From Taking Effect

    A Colorado federal judge refused Friday to temporarily halt upcoming immigration fee hikes, saying the $5,775 increase the EB-5 investor will pay is a drop in the bucket compared to the plaintiff's $500,000 capital investment.

  • March 29, 2024

    Mass. Tax Board Won't Lower Value Of Boston House

    A Boston home was correctly assessed, the Massachusetts Appellate Tax Board said in a decision published Friday, finding that an analysis of nearby homes failed to show it was overvalued.

  • March 29, 2024

    Biden Admin. Unveils $174M For Green Housing Program

    A U.S. Department of Housing and Urban Development program that funds green-housing retrofits for HUD-assisted multifamily properties will receive $173.8 million worth of grants and loans, the Biden administration has announced.

  • March 29, 2024

    Flint Residents Can't Show Profit From Hasty Water Rate Hike

    Residents challenging the city of Flint's rushed implementation of higher water and sewage rates couldn't show how the city unjustly profited from the change or whether the increased rate was unreasonable, a Michigan appellate panel said in upholding the dismissal of the residents' suit.

  • March 29, 2024

    Atty Called A Flight Risk In $1.3 Billion Tax Fraud Case

    An attorney serving a 23-year prison sentence for tax fraud in a $1.3 billion conservation easement scheme is a flight risk and should remain in federal custody while he waits for his appeal, the government told a Georgia federal court Friday.

  • March 29, 2024

    Missouri House Advances Property Tax Cap Ballot Measure

    Missouri voters would be asked to approve a 2% annual cap on increases to assessments of primary residences under a constitutional amendment the state House of Representatives passed.

  • March 29, 2024

    Md. House OKs Tax Breaks For Residential Projects

    Local governments in Maryland could grant property tax credits for certain hotel and residential developments that include affordable housing under legislation approved Friday by the state House of Delegates.

Expert Analysis

  • How New Fla. Condo Law Will Affect Owners' Finances

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    As this December is the deadline for condominiums in Florida to be in compliance with legislation passed after the Champlain Towers collapse, condo owners will need to prepare for both the immediate and long-term financial implications, says Greg Main-Baillie at Colliers.

  • The Year Ahead In Foreign Investment And National Security

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    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

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    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

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    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.

  • Children's Book Writing Makes Me A Better Lawyer

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    Becoming a children's book author has opened doors to incredible new experiences of which I barely dared to dream, but the process has also changed my life by serving as a reminder that strong writing, networking and public speaking skills are hugely beneficial to a legal career, says Shaunna Bailey at Sheppard Mullin.

  • DOJ Comments Reveal Road Ahead For Mortgage Redlining

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    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

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    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

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    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

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    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

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    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

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    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

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    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.

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    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.