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 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 amount 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.
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)
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)
A Maryland federal court blocked the Trump administration from continuing construction work to convert an existing warehouse into an immigrant detention center while a challenge brought by the state under fede... (more story)
Choice Properties REIT and private equity firm KingSett Capital have agreed to acquire First Capital REIT in a transaction valued at approximately $9.4 billion, including debt, in a deal steered by four Canadian law firms.
Nossaman LLP has deepened its infrastructure group by adding a pair of partners and an associate to its Orange County roster who joined from Procopio Cory Hargreaves & Savitch LLP.
Residential More
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)
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)
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)
The Federal Trade Commission and multiple states on Wednesday filed a proposed response pushing back on Zillow and Redfin Corp.'s bid to cite a published Fourth Circuit decision they say supports their attempt... (more story)
A Georgia appellate panel Wednesday backed a railroad's win in a fight with local residents opposing the condemnation of their property for new construction, finding insufficient evidence to overturn a ruling ... (more story)
Pennsylvania Gov. Josh Shapiro has asked a federal judge to dismiss a lawsuit arising from a property dispute with his neighbors over a strip of land between their homes, arguing that the suit was canceled out... (more story)