Property Owner's Insurer Must Defend Manager In Assault
The insurer for a Washington, D.C., property owner must defend a property management company against an underlying suit claiming that its employee sexually assaulted a tenant, a Maryland federal court ruled Th... (more story)
Impac Wins OK To Swap $24M Debt For Equity In Ch. 11
Bankrupt home lending broker Impac Mortgage Holdings Inc. received approval on Thursday from a Delaware bankruptcy judge for its restructuring plan that swaps $24 million in senior secured debt for equity.
NYC Mayor Unveils $22B, Five-Year Affordable Housing Spend
New York City Mayor Zohran Mamdani on Tuesday said the city would spend $22 billion over the next five years as part of a policy proposal to build 200,000 new affordable homes and preserve 200,000 more afforda... (more story)
Minn. Adds Property Tax Break, Adopts Federal Changes
Minnesota will conform with recent federal corporate tax changes, extend its workaround of the cap on deductions for state and local tax payments and provide property and vehicle tax breaks under an omnibus bi... (more story)
3 Firms Guide Rental Property Software Co. Entrata's IPO Plan
Rental property management software company Entrata filed for an initial public offering on Thursday with advice from Wilson Sonsini Goodrich & Rosati PC, Latham & Watkins LLP and Ropes & Gray LLP, saying its ... (more story)
Building Owner UDR Wants DC Sanctioned In RealPage Case
UDR Inc. is asking a Washington, D.C., Superior Court to sanction the district's attorney general's office for allegedly failing to comply with a discovery order in a case accusing RealPage of helping resident... (more story)
PropertyTek CEO Says AI Can Curb Fraud, Boost Leasing
Vanessa Anderson, CEO at PropertyTek, whose software platforms serve more than 1 million residential units, spoke with Law360 Real Estate Authority about rental fraud, AI and other trends at the intersection o... (more story)