After the country's biggest residential brokerage combined with its biggest rival, New York's attorney general launched a probe into the $1.6 billion merger of Compass and Anywhere Real Estate on antitrust grounds. New York’s investigation comes in a long line of regulatory scrutiny examining brokerage-industry practices. New York University economics professor Lawrence White spoke with Law360 about ramifications of the state’s investigation.
A tax on high-value second homes in New York City slated to take effect in the coming months could lead to disputes over whether such a property qualifies as a primary residence and how the value of a cooperative is determined.
A mega-merger that partners recently approved will greatly expand the resulting firm's real estate finance offerings, according to leaders hailing from both Hogan Lovells and Cadwalader Wickersham & Taft LLP.