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)
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Commercial More
Nossaman LLP has deepened its infrastructure group by adding a pair of partners and an associate to its Orange County roster who joined from Procopio Cory Hargreaves & Savitch LLP.
Investment manager Ares Management provided up to $300 million for a Commercial Property Assessed Clean Energy financing vehicle to an affiliate of Los Angeles-based commercial real estate finance firm AXCS Ca... (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)
Energy technology company Babcock & Wilcox Enterprises Inc. and its top brass face an investor suit alleging they made misstatements about an agreement to deliver power to an artificial intelligence data cente... (more story)
The Trump administration on Tuesday asked a D.C. federal court to delay enforcing its order blocking the White House East Wing ballroom project, invoking national security after the court carved out an excepti... (more story)
A New York company connected to a local property manager filed a Chapter 11 bankruptcy petition for its five-story, mixed-use building in downtown Manhattan, heading off a foreclosure sale that had been schedu... (more story)
CoStar Group faces a lawsuit in Virginia federal court alleging that the real estate information service has for years sought to prevent cross-listings by customers and shut out would-be competitors through ac... (more story)
Residential More
Commercial real estate finance firm Walker & Dunlop Inc.'s capital markets institutional advisory team has originated $1.719 billion worth of 10-year Freddie Mac loans to refinance more than 10,000 homes that ... (more story)
The Federal Trade Commission and multiple states on Wednesday filed a proposed response pushing back on Zillow and Redfin Corp.'s bid to cite a published Fourth Circuit decision they say supports their attempt... (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)
Pennsylvania Gov. Josh Shapiro has asked a federal judge to dismiss a lawsuit arising from a property dispute with his neighbors over a strip of land between their homes, arguing that the suit was canceled out... (more story)
Veterans United Home Loans told a Missouri federal judge that a proposed class action alleging the company directs veterans toward expensive mortgages fails to show the homebuyers were prevented from consideri... (more story)
A group of New Jersey municipalities and elected officials told the Third Circuit they have Article III standing for their tossed suit against the state government over a 2024 law that they claim unfairly forc... (more story)
A New Jersey landlord is urging a federal court to revisit part of a March decision and dismiss claims against it under a state consumer fraud statute amid the New Jersey attorney general's antitrust suit agai... (more story)