Residential
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June 26, 2025
Ga. Appeals Court Reverses Sanctions In Sinkhole Fight
The Georgia Court of Appeals has reversed a trial court's decision to strike the complaint of a property owner over discovery violations in a fight over a sinkhole, ruling that Peachtree Renaissance Property LLC was not given a fair hearing before the sanctions were handed down.
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June 26, 2025
Silverstein Adds Plans For 2K Apartments In NYC Casino Bid
Developer Silverstein Properties on Thursday added plans to develop more than 2,000 apartments to its bid to win the rights to develop a Manhattan casino, ahead of a New York City application deadline Friday.
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June 26, 2025
NYC Tests Out Rental Payment Reporting Program
New York City's Mayor Eric Adams has started a free pilot program that will allow renters who live in affordable housing to notify "major credit bureaus" when they pay rent on time so that the renters can build up their credit score, the Office of the Mayor announced.
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June 26, 2025
Marcus & Millichap Closes $121M Conn. Multifamily Sale
Marcus & Millichap's Institutional Property Advisors division wrapped up a $121 million sale of a 693-unit Connecticut multifamily portfolio with four properties in the state's New London, New Haven and Hartford counties, the brokerage announced Thursday.
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June 26, 2025
Fair Housing Groups Argue HUD Wrongly Withheld Grants
A pair of advocacy groups have sued the U.S. Department of Housing and Urban Development in D.C. federal court over the Trump administration's purported move to withhold grants meant to help private nonprofits enforce housing laws.
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June 26, 2025
Maine To Hike Sales Tax On Cannabis, Add Streaming To Base
Maine will raise its sales tax rate on adult-use cannabis and lower its excise tax rate on cannabis flower and add streaming services such as Netflix and Hulu to the sales tax base under budget legislation signed by the governor.
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June 26, 2025
Houston Apartments Owner Files Ch. 11 With Over $10M Debt
The owner of a Houston apartment complex filed for Chapter 11 protection in New York bankruptcy court with up to $50 million in debt.
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June 26, 2025
Developer, IRS Drop Suit Over $18M Loan Deductions
A Florida real estate developer seeking $18 million in tax deductions for loans he said became worthless during the Great Recession agreed to drop his suit against the Internal Revenue Service after reaching a deal with the agency, according to an Eleventh Circuit court filing.
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June 25, 2025
Judge Tosses Suit Over Wash. Race-Based Home Program
A Washington federal judge has thrown out a nonprofit's suit alleging that a state homeownership program is unconstitutional because it allegedly only helps first-time homebuyers who belong to specific minority groups.
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June 25, 2025
Antitrust Experts Weigh In On Compass V. Zillow
The latest front in real estate antitrust litigation opened this week when Compass sued rival Zillow, alleging it violated antitrust law.
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June 25, 2025
Michigan Builders Sue State Over Energy Code Mandates
Michigan homebuilders have sued to challenge the state's adoption of new construction codes, saying the energy efficiency demands will make new homes more expensive.
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June 25, 2025
RI Allows Providence To Exceed Tax Levy Cap For Fiscal 2026
Providence, Rhode Island, may exceed the state's limit on property tax increases for the 2026 fiscal year under legislation signed by the governor.
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June 25, 2025
FHFA Tells Fannie, Freddie To Count Crypto In Loan Reviews
The director of the regulatory agency for Fannie Mae and Freddie Mac said he ordered the government-sponsored enterprises on Wednesday to explore how they can consider cryptocurrency reserves when conducting risk assessments for loan applications.
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June 25, 2025
Missouri Judge Grants $24M Atty Award For Broker Fees Suits
A Missouri federal judge has granted final approval of settlements for two antitrust class actions and awarded roughly $24 million to class counsel representing home sellers who accused multiple real estate brokerages of conspiring to artificially inflate buyer-broker commission fees for home sales.
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June 25, 2025
Ballar Spahr Steers Financing For $593M Bronx Housing Reno
The New York City Housing Authority closed on financing for its $593 million renovation of 14 public housing buildings scattered across the Bronx, funding unlocked via the properties' conversion to Section 8 units under a federal program.
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June 25, 2025
Title Resources Group Names New NC Underwriting Counsel
Insurance underwriter Title Resources Group announced on Wednesday that it has added attorney Natasha Branch as vice president of education and underwriting counsel for North Carolina.
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June 25, 2025
Billionaires, Endowment Back $163M Tryperion CRE Fund
Beverly Hills, California-based real estate investment firm Tryperion Holdings said it has raised $163 million in a fund focused on a variety of U.S. real estate investments with backing from billionaires and a university endowment.
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June 25, 2025
Ore. Lawmakers OK Requiring Report On Property Taxes
The Oregon Legislature would issue a report on the state's property tax system and options to modernize it, including an analysis of two tax-limiting initiatives, under legislation approved by lawmakers.
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June 25, 2025
Ga. University Contract Lands Dorm Operator In Ch. 11
The Georgia affiliate of student and military housing provider Corvias filed for Chapter 11 protection in Delaware bankruptcy court Wednesday saying an unsustainable contract with Georgia's public universities has left it unable to support its $532 million in debt.
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June 24, 2025
NJ Bank, DOJ Push To End Redlining Deal Amid Opposition
Lakeland Bank and the U.S. Department of Justice urged a New Jersey federal judge to reject a brief from three fair housing groups opposing the early termination of the bank's $13 million redlining settlement, arguing the groups' call for housing discrimination accountability is irrelevant to the settlement's termination.
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June 24, 2025
Fox Rothschild Hires Veteran Real Estate Atty For Minn. Office
Fox Rothschild LLP has brought on board an experienced commercial real estate transactions attorney for a counsel role in its Minneapolis office, the firm announced on Tuesday.
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June 24, 2025
Carlton Fields Adds HUD Expert To Real Estate Group
Carlton Fields has brought on a title insurance expert to its real estate and commercial finance practice, who joins the firm on the heels of a 16-year tenure at the U.S. Department of Housing and Urban Development.
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June 24, 2025
NJ Agency Fights $26M Property Taking Verdict In Ch. 11
A New Jersey development agency pushed back against a move in bankruptcy court by the owner of a former tire factory site to collect a $25.6 million jury verdict stemming from the agency's decision to condemn the property and make way for housing.
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June 24, 2025
Ga. High Court Balks At Housing Authority's Immunity Stance
The Supreme Court of Georgia has tossed a ruling that sovereign immunity can shield a local housing authority from a shooting victim's lawsuit, saying Tuesday that lower courts had wrongly extended the state government's immunity to a city, and from there to the authority.
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June 24, 2025
Texas Narrows Discovery Allowance In Property Tax Appeals
Texas district courts can't order discovery in property tax cases unless the discovery is requested by the appealing party under a bill signed by Gov. Greg Abbott.
Expert Analysis
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The Tides Are Changing For Fair Access Banking Laws
The landscape of fair access banking laws, which seek to prevent banks from denying services based on individuals' ideological beliefs, has shifted in the last few years, but a new presidential administration provides renewed momentum for advancing such legislation against the backdrop of state efforts, say attorneys at Latham.
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How Congress Can Stem Consumer Finance Law Uncertainty
In the face of rising uncertainty about consumer finance laws that are based largely on fluctuating administrative rules, Congress should cement certain existing laws into statute and clarify federal agencies' delegations of authority, say attorneys at Bradley Arant.
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Illuminating The Trend Of Florida's Unpaid Hurricane Claims
The sheer number of insurance claims closed without payment for damage caused by Hurricanes Milton and Helene reveals a systemic problem within Florida's insurance industry exacerbated by complex issues, including climate change and state regulators' resource limitations, say attorneys at Farah & Farah.
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Insurance Considerations For LA Wildfire Recovery
Businesses and homeowners affected by the destructive Southern California wildfires must act swiftly and strategically to navigate the complexities of the insurance recovery process, including by identifying all applicable policies, documenting damage thoroughly and keeping abreast of relevant state law, say attorneys at Morgan Lewis.
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LA Wildfires' Effect On Calif. Insurer Of Last Resort
Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.
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Algorithm Price-Fixing Ruling May Lower Antitrust Claims Bar
A Washington federal court's refusal to dismiss Duffy v. Yardi Systems, an antitrust case over rent prices allegedly inflated by revenue management software, creates an apparent split in the lower courts over how to assess such claims, say attorneys at Morgan Lewis.
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California's New Homeowner Law Could Hamper Foreclosures
While A.B. 2424, which took effect this month in California, gives homeowners in default additional protections, it also provides loopholes that can be used to delay foreclosure auctions, and the cost of these delays will likely be passed on to the borrower, says Stephen Britt at Severson & Werson.
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Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.
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What's Ahead As Transparency Act Comes To A Crossroads
Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.
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Ohio Banking Brief: All The Notable Legal Updates In Q4
Ohio's banking and financial services sector saw several significant developments in the fourth quarter of 2024, including a landmark Uniform Commercial Code ruling, adjustments to the state's Homebuyer Plus Program and the launch of the state's first women-led bank, says attorney Alex Durst.
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In The CFPB Playbook: A Sprint To The Finish Line
The fourth quarter of 2024 was an impressive demonstration of the Consumer Financial Protection Bureau's ability to regulate, enforce and supervise, even on borrowed time following the election results, and we should expect the current bureau to run nonstop until Jan. 20, say attorneys at Covington.
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The 6 Most Significant FCRA Litigation Developments Of 2024
From a key sovereign immunity decision at the U.S. Supreme Court to a ruling on creditworthiness out of the Seventh Circuit, several important Fair Credit Reporting Act cases wound their way through the courts in 2024, each offering takeaways for both plaintiffs and defendants, say attorneys at Shipkevich.
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10 Noteworthy CFPB Developments From 2024
In a banner year for consumer finance regulation, the Consumer Financial Protection Bureau made significant strides in its efforts to rein in Big Tech and nonbank financial firms, including via rules regarding open banking, credit card late fees, and buy now, pay later products, say attorneys at Wiley.