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
Recent oral arguments in the U.S. Supreme Court case Pung v. Isabella focused on rules for valuation, timing and a... (more story)
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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)
Commercial More
A Washington state appeals court declined to revive a hotel trade group's class action seeking tax relief over the governor's COVID-19 emergency declaration in 2020, ruling Monday that the pandemic doesn't qua... (more story)
A shareholder for Two Harbors Investment Corp. filed a lawsuit in Illinois federal court Friday asking a judge to block the real estate investment trust's merger with mortgage lender CrossCountry.
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 official committee of unsecured creditors in the Chapter 11 cases of entities tied to the former Hudson Hotel objected Saturday to the debtors' request to increase its postpetition financing from $32 milli... (more story)
Investors in real estate investment trust Sun Communities Inc. have received an initial nod for their proposed $2.3 million deal to end claims the company concealed that a former CEO received a loan from a boa... (more story)
A NASA contracting officer lacked the authority to enter into a long-term contract with a movie production company, a Court of Federal Claims judge said, axing the company's claims that NASA breached an implie... (more story)
The Michigan attorney general has filed two claims of appeal challenging orders from the Michigan Public Service Commission approving energy supply contracts between DTE Energy and a subsidiary of cloud-comput... (more story)
Residential More
A Florida condominium association urged a state appellate court Tuesday to reverse a decision certifying a class of individuals displaced by a Miami structure fire, arguing the group of residents allegedly aff... (more story)
The condo association of a Manhattan hotel and residential tower can stay in Subchapter V bankruptcy for now, after a New York bankruptcy judge requested additional briefing and ordered the debtor to restore p... (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)
Commercial broker Newmark Group said it arranged $830 million for Michigan-based RHP Properties to purchase and refinance a manufactured housing portfolio made up of three dozen assets with 8,340 spaces for housing.
Zillow has urged a Washington federal court to sack IMB Corp.'s lawsuit that accuses the online real estate marketplace company of infringing a user sign-on patent, saying users logging into its platforms have... (more story)
A Washington federal judge on Monday denied two consumers' bid to certify insurance coverage questions to the Evergreen State's highest court in a lawsuit accusing insurers of failing to defend a now-defunct t... (more story)
The Miami Association of Realtors on Monday announced plans to merge with the Broward, Palm Beach & St. Lucie Realtors, noting that the move would create the largest local Realtor association in the world.