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
Simpson Thacher & Bartlett LLP has hired two transactional real estate attorneys who specialize in digital infrastructure deals as partners in its Washington, D.C., and New York City offices, the firm announced Monday.
Vinson & Elkins and Spencer Fane are among the law firms that steered the largest New York City real estate transactions that became public last week, with a trio of Manhattan trades topping the list.
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)
Blue Owl Capital agreed to pay $2.4 billion for healthcare-focused real estate investment trust Sila Realty Trust in a take-private deal announced Monday advised by Hogan Lovells, Kirkland & Ellis LLP and Dechert LLP.
The U.S. Supreme Court on Monday rejected a petition seeking to revive a proposed class action accusing casino-hotel operators on the Las Vegas Strip of using software from Cendyn Group to illegally inflate room rates.
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.
Two commercial real estate law firms headed by Mark J. Nussbaum filed for Chapter 11 protection in New York, listing at least $353 million in disputed unsecured claims tied to the firms' hard money lending pra... (more story)
Residential More
Across all 50 major metropolitan areas in the U.S., renting a starter home is cheaper than buying one, and picking that option can save $920 per month on average, according to a March report from Realtor.com.
New York City's Comptroller Mark Levine announced plans to earmark $4 billion from the city's public pension funds for investments in the production and preservation of mixed-income, workforce and affordable housing.
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)
The U.S. Supreme Court said Monday that it will not review a First Circuit decision allowing Citizens Bank NA to be sued for allegedly failing to comply with a Rhode Island interest-on-escrow law, declining to... (more story)
A Connecticut state judge has ordered the strict foreclosure of a Greenwich mansion that exiled Russian media tycoon Vladimir Gusinski purchased through an arm of his company, New Media Holdings LLC, capping a... (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)
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)