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
Eversheds Sutherland has relocated its longtime Atlanta office to the four top floors of the Bank of America Plaza, moving to a smaller and renovated space at a skyscraper known as the tallest tower in the Southeast.
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 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 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 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.
Residential More
A Connecticut state judge has ordered the strict foreclosure of a Greenwich mansion exiled Russian media tycoon Vladimir Gusinski purchased through an arm of his company New Media Holdings LLC, capping a six-y... (more story)
A proposed class action filed in Illinois federal court accuses a multifamily property management company of deliberately paying its employees less overtime by making them work off the clock and of using techn... (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)
South Jersey power broker George Norcross and his attorney brother pushed back at a developer's bid to drop a civil racketeering claim against them after an appeals court backed the dismissal of a related crim... (more story)
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 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)