Residential
-
December 04, 2025
Zillow's Climate Score Removal Sparks Insurance Concerns
Zillow's recent decision to reduce the visibility of a climate-risk feature attached to its real estate listings highlights a need to provide consumers with more information on a key driver of insurance costs, given differences in climate-risk modeling practices.
-
December 04, 2025
OFAC Fines Real Estate Firm $7M Over Sanctions Violations
The Department of the Treasury's Office of Foreign Assets Control on Thursday fined a New York property management company more than $7 million for allegedly violating Russian sanctions by receiving payments on behalf of a company owned by a sanctioned Russian oligarch.
-
December 04, 2025
Gov't Watchdog To Probe FHFA Mortgage Fraud Referrals
The Government Accountability Office will review whether Federal Housing Finance Agency Director William Pulte weaponized mortgage fraud investigations against the president's perceived political opponents and flouted the agency's typical investigation process.
-
December 04, 2025
Judge OKs Plan Disclosures For AmeriFirst In Ch. 11
A Delaware bankruptcy judge agreed Thursday to grant conditional approval for bankruptcy mortgage servicer AmeriFirst's disclosure statement outlining its Chapter 11 plan, finding the objections raised by the U.S. Trustee's Office are best reserved for the plan confirmation hearing.
-
December 04, 2025
Mortgage Insurer Inks $650K Deal To End ERISA Suit
A mortgage insurance company has agreed to pay $650,000 to close a worker's proposed class action filed in North Carolina federal court claiming its mismanagement of an employee retirement profit sharing plan caused a $1.3 million loss.
-
December 04, 2025
Morgan Stanley, MorningStar Close $305M Housing Deal
Morgan Stanley Investment Management and MorningStar Senior Living, with Morgan Stanley Real Estate Investing's managed funds, acquired a 463-unit MorningStar senior housing portfolio located near Denver for $305 million from Kayne Anderson Real Estate, the two companies announced Thursday.
-
December 04, 2025
Yardi Reports Widespread US Rent Decline In November
Rental industry analyst Yardi Matrix reports that multifamily rents and demand each sagged for the fourth straight month in November, a broad trend that visited cities both with and without new supply coming to market.
-
December 04, 2025
NAR Says Realtor Rule Changes Not Relevant To Antitrust Suit
The National Association of Realtors and local Realtor groups at the center of a proposed class action have urged a Michigan federal court not to allow real estate brokers and agents to bring recent NAR handbook changes before the court in their antitrust suit.
-
December 04, 2025
Over 2 Dozen Countries Commit To Property Tax Transparency
A group of 26 jurisdictions committed on Dec. 4 to adopting a framework developed by the Organization for Economic Cooperation and Development to facilitate the exchange of real estate information among tax authorities.
-
December 03, 2025
Chats Show Ex-NY Gov Aide Was Tight With Chinese Officials
Jurors weighing the fate of a former aide to two New York governors have seen a raft of chats and other documents over several days that the feds say support their case alleging she violated the Foreign Agents Registration Act, including communications that seem to suggest she had a close working relationship with several Chinese government officials.
-
December 03, 2025
Cities, Groups Fight Changes To HUD Homeless Housing Grant
The U.S. Department of Housing and Urban Development unlawfully introduced "drastic" changes to grants under a federal program to combat homelessness, a coalition of local governments and homelessness service providers has alleged in a suit filed in Rhode Island federal court.
-
December 03, 2025
Monitor Will Stay In Place In $1B Broad Street Fraud Case
A private equity firm accused by the U.S. Securities and Exchange Commission of defrauding investors in a $1 billion fund lost its bid Wednesday to discharge the court-appointed monitor overseeing its books when a Florida federal judge rejected arguments that the monitor was acting in bad faith.
-
December 03, 2025
UMB Bank Gets Partial Win In $80M Hard Rock Hotel Dispute
UMB Bank NA has been granted wins on some of its claims in a suit regarding a failed $80 million Hard Rock Hotel development project, with a Kansas federal court ruling that claims it did not properly reimburse the project developer's costs have already been decided in Minnesota court.
-
December 03, 2025
Landlord Can't Nix $4M Jury Award Over Mugging, Shooting
A Florida appeals panel on Wednesday affirmed a $4 million judgment in favor of a renter who alleged that his landlord failed to protect him from a mugging in which he was shot four times, finding that the issue of whether the incident was foreseeable was properly put in front of a jury.
-
December 03, 2025
Okla. Cos. Hit Simon Property Group With Antitrust Suit
A group of Oklahoma-based companies accused retail-focused real estate investment trust Simon Property Group Inc. of waging "an anticompetitive campaign" to take down their competing mixed-use project in Oklahoma City.
-
December 03, 2025
K&L Gates Deepens Its CMBS Servicer Attorney Bench
K&L Gates LLP announced Wednesday that it has brought on two experienced real estate finance attorneys whose practices focus on advising commercial mortgage-backed securities servicers.
-
December 03, 2025
Judge Halts Suit Over Texas Law Blocking Foreign Land Buys
A Texas federal judge sided with Texas Attorney General Ken Paxton in pausing a lawsuit from three Chinese nationals pending a Fifth Circuit decision in a parallel challenge to a policy preventing citizens of China, North Korea, Iran and Russia from buying land in the state.
-
December 03, 2025
Ore. Homeowner Can't Appeal Home's Value, Court Says
An Oregon homeowner cannot appeal the real market values of his home because the difference between the homeowner's and the assessor's valuations failed to meet the statutory requirement for an appeal, the Oregon Tax Court ruled.
-
December 03, 2025
MVP: Sullivan & Cromwell's Ralston Turbeville
Ralston Turbeville, a partner in Sullivan & Cromwell's real estate practice, guided Tishman Speyer's $3.5 billion refinancing of Rockefeller Center as well as the company's $2.85 billion refinancing of the Spiral in Hudson Yards, earning him a spot as one of the 2025 Law360 Real Estate MVPs.
-
December 03, 2025
Walker & Dunlop Lines Up $153M Multifamily Refi Deal
Walker & Dunlop Inc. has procured $153.3 million worth of refinancing loans for 876 luxury apartments located across "three garden style multifamily properties" in North Carolina, Florida and Louisiana, the commercial real estate financier announced Tuesday.
-
December 03, 2025
Greystar Reaches $24M Deal With Gov't In 'Hidden' Fees Suit
The major multifamily landlord Greystar, along with the Federal Trade Commission and the state of Colorado, asked a federal court to approve their $24 million settlement to end a lawsuit alleging the company wrongfully charged tenants "hidden" fees.
-
December 03, 2025
Texas Firm Polunsky Beitel Hires Mortgage-Focused Tech Chief
Texas law firm Polunsky Beitel & Green LLP has announced the hiring of a former technology lead at Codvo.ai and Wells Fargo as its chief technology officer, as it seeks to expand its use of artificial intelligence and automation.
-
December 03, 2025
Home Contractor Platform Changes Hands In $190M Deal
California technology company QuinStreet Inc. said Wednesday it will pay a total of $190 million to acquire HomeBuddy, a homeowner-focused digital marketplace for home improvement contractors.
-
December 02, 2025
NY AG Claims Peak Capital Illegally Deregulated Apartments
A New York City developer wrongfully took advantage of a rent-stabilization exemption for building renovations to profit from illegally deregulating rent-stabilized apartments, New York State and its Division of Housing and Community Renewal alleged in state court.
-
December 02, 2025
PennyMac Can't Shed 'Pay-To-Pay' Borrower Class Action
Residential mortgage servicer PennyMac Loan Services LLC can't shed a proposed class action alleging it unfairly charged borrowers "pay-to-pay" fees, a North Carolina federal judge has said, saying the servicer's assertion that it doesn't collect or receive the relevant fees is an issue for a later stage in the proceedings.
Expert Analysis
-
Key NY State Grand Jury Rules Can Shape Defense Strategy
As illustrated by recent cases, New York state's grand jury rules are more favorable than their federal counterparts, offering a genuine opportunity in some cases for a white collar criminal defendant to defeat or meaningfully reduce charges that a prosecutor seeks to bring, says Ethan Greenberg at Anderson Kill.
-
New Mass. 'Junk Fee' Regs Will Be Felt Across Industries
The reach of a newly effective regulation prohibiting so-called junk fees and deceptive pricing in Massachusetts will be widespread across industries, which should prompt businesses to take note of new advertising, pricing information and negative option requirements, say attorneys at Hinshaw.
-
Addressing Legal Risks Of AI In The Homebuilding Industry
Artificial intelligence is transforming the homebuilding industry, but the legal challenges posed by its adoption spread across many areas, including contractual liability and intellectual property issues, so builders should adopt strategies to mitigate the risks and position themselves for success, says Philip Stein at Bilzin Sumberg.
-
Compliance Steps To Take As FCRA Enforcement Widens
As the Fair Credit Reporting Act receives renewed focus from both federal and state enforcers, regulatory and litigation risk is most acute in several core areas, which companies can address by implementing purpose processes and quick remediation of consumer complaints, among other steps, say attorneys at Wiley.
-
How Calif. Law Cracks Down On Algorithmic Price-Fixing
Gov. Gavin Newsom signed two laws this month significantly expanding state antitrust enforcement and civil and criminal penalties for the use or distribution of shared pricing algorithms, as the U.S. Department of Justice has recently wielded the Sherman Act to challenge algorithmic pricing, say attorneys at Pillsbury.
-
New Conn. Real Estate Laws Will Reshape Housing Landscape
With new legislation tackling Connecticut's real estate landscape, introducing critical new requirements and legal ambiguities that demand careful interpretation, legal counsel will have to navigate a significantly altered and more complex regulatory environment, say attorneys at Harris Beach.
-
Md. Ruling Spotlights Source-Of-Income Discrimination
In Hare v. David S. Brown Enterprises, the Maryland Supreme Court recently ruled that landlords cannot impose income requirements that disqualify tenants relying on housing vouchers, raising questions about applying the disparate impact doctrine in source-of-income discrimination cases, says Yvette Pappoe at the University of the District of Columbia.
-
Colo. Law Brings Some Equilibrium To Condo Defect Reform
Colorado's American Dream Act, effective next year, does not eliminate litigation risk for developers entirely, but it does introduce a process, some predictability and a more holistic means for parties to resolve condominium construction defect claims, and may improve the state's housing shortage, says Bob Burton at Winstead.
-
A Primer For Lenders On NY's New Mortgage Disclosure Regs
A recent New York regulation requiring licensed lenders and mortgage bankers to distribute a significant new disclosure pamphlet, essentially a borrower bill of rights, to applicants serves as a reminder to the industry to follow existing best practices, says Scott Samlin at Blank Rome.
-
Trump Tax Law Has Mixed Impacts On Commercial Real Estate
The One Big Beautiful Bill Act brings sweeping changes to the real estate industry — and while the permanency of opportunity zones and bonus depreciation creates predictability for some taxpayers, sunsetting incentives for renewable energy projects will leave others with hard choices, says Jordan Metzger at Cole Schotz.
-
DOJ Settlement Offers Guide To Avoiding Key Antitrust Risks
The U.S. Justice Department's settlement with Greystar Management shows why parties looking to acquire companies that use pricing recommendation software should carefully examine whether the software algorithm and how it is used in the market create antitrust dangers, say attorneys at Fried Frank.
-
Contractor Considerations As Construction Costs Rebound
The U.S. construction industry is navigating rising costs driven by energy and trade policy, which should prompt contractors to review contract structuring, supply chain management and market diversification, among other factors, say attorneys at Cozen O'Connor.
-
NC Banking Brief: All The Notable Legal Updates In Q3
There were several impactful changes to the financial services landscape in North Carolina in the third quarter of the year, including statutory updates, enforcement developments from Office of the Commissioner of Banks, and notable mergers, acquisitions and branch expansions, say attorneys at Moore & Van Allen.