Uptick In Lender Guarantor Claims Shapes New Deals
Real estate litigators in New York City are seeing lenders bring more lawsuits against loan guarantors, arguing they have run afoul of provisions largely meant as a liability shield. Transaction attorneys are taking cues from lenders' efforts to draft more specific guarantee provisions, or alternatives to judicial foreclosure, in new loans.
Hochul, Mamdani Pitch Tax On 2nd Homes In NYC
New York Gov. Kathy Hochul and New York City Mayor Zohran Mamdani announced a proposal Wednesday for a pied-à-terre tax on second homes in the city valued at $5 million or more as state lawmakers hammer out a budget.
S. Florida Confronts A True Ripple Effect In Real Estate Crush
Much attention has focused on how the migration of wealth to South Florida has driven up real estate values and spurred construction, especially at the highest reaches of the residential market, but the impact also extends beyond dry land.
Uptick In Lender Guarantor Claims Shapes New Deals
Real estate litigators in New York City are seeing lenders bring more lawsuits against loan guarantors, arguing they have run afoul of provisions largely meant as a liability shield. Transaction attorneys are taking cues from lenders' efforts to draft more specific guarantee provisions, or alternatives to judicial foreclosure, in new loans.
Hochul, Mamdani Pitch Tax On 2nd Homes In NYC
New York Gov. Kathy Hochul and New York City Mayor Zohran Mamdani announced a proposal Wednesday for a pied-à-terre tax on second homes in the city valued at $5 million or more as state lawmakers hammer out a budget.
S. Florida Confronts A True Ripple Effect In Real Estate Crush
Much attention has focused on how the migration of wealth to South Florida has driven up real estate values and spurred construction, especially at the highest reaches of the residential market, but the impact also extends beyond dry land.
Expert Analysis
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In this month's review of class action appeals, Mitchell Engel at Shook Hardy identifies practice tips from three ... (more story)
An increased regulatory focus on affordable housing raises important legal considerations for structuring transact... (more story)
While much commentary has centered on how federal regulators' proposed capital overhaul would affect the biggest b... (more story)
Commercial More
A D.C. federal judge on Thursday clarified his injunction blocking construction on the White House ballroom project, amending his order to specifically stop construction on all aboveground construction but all... (more story)
A Washington state appellate judge pushed back Thursday on Seattle's defense of COVID-19-era tenant rights ordinances, observing that the plaintiff landlord may have a stronger Fifth Amendment takings claim th... (more story)
A whistleblower lawsuit unsealed this week in New York state Supreme Court accused Wells Fargo of inflating income of underlying properties across numerous commercial mortgage-backed securities loans it pooled... (more story)
A lender of the insolvent owner of the historic New York County Lawyers Association Building in Manhattan accused the owner of violating a Chapter 11 settlement and asked a New Jersey bankruptcy judge to reins... (more story)
A New York City landlord and several of his relatives and associates made over $1.3 million from an illegal short-term rentals scheme that involved hosting an illegal number of guests, the city alleged Thursda... (more story)
A California mall should not have its property value reduced despite hardships faced due to the coronavirus pandemic, because the mandated closures did not physically affect the property, a state appellate court affirmed.
The Kentucky General Assembly overrode the governor's veto of a bill that eliminates its sales tax nexus transaction threshold, levies sales tax on data brokering services and will conform the state's tax code... (more story)
Residential More
Lawmakers in California and Hawaii are advancing insurance bills that would create new causes of actions against oil companies and expand last-resort coverage. Here, Law360 Insurance Authority breaks down the developments.
New York City Mayor Zohran Mamdani announced Thursday that the city will launch a publicly backed insurance program for rent-stabilized and affordable housing owners, who have struggled with skyrocketing insur... (more story)
A bipartisan coalition of 26 state attorneys general led by New Jersey and Colorado are calling on the Federal Trade Commission to adopt a requirement that residential landlords clearly disclose all costs to t... (more story)
A Chicago-based real estate investment trust has reached a $56 million settlement in a sprawling, multidistrict antitrust class action that claims the REIT and multiple landlords used property management softw... (more story)
A former Charlotte public housing authority coordinator awarded $2.34 million for her hostile work environment claims, has opted not to pursue punitive damages against her ex-supervisor, who was found liable f... (more story)
Commercial real estate finance firm Walker & Dunlop Inc.'s capital markets institutional advisory team has originated $1.719 billion worth of 10-year Freddie Mac loans to refinance more than 10,000 homes that ... (more story)
Investment manager Ares Management provided up to $300 million for a Commercial Property Assessed Clean Energy financing vehicle to an affiliate of Los Angeles-based commercial real estate finance firm AXCS Ca... (more story)