Residential

  • June 24, 2025

    Ga. High Court Balks At Housing Authority's Immunity Stance

    The Supreme Court of Georgia has tossed a ruling that sovereign immunity can shield a local housing authority from a shooting victim's lawsuit, saying Tuesday that lower courts had wrongly extended the state government's immunity to a city, and from there to the authority.

  • June 24, 2025

    Texas Narrows Discovery Allowance In Property Tax Appeals

    Texas district courts can't order discovery in property tax cases unless the discovery is requested by the appealing party under a bill signed by Gov. Greg Abbott. 

  • June 24, 2025

    Greystar Cuts $1.4M Deal To End DOJ's Military Lease Claims

    Greystar Management Services LLC agreed to pay more than $1.4 million to resolve the federal government's claims that the company wrongfully charged U.S. service members for canceling their leases early when they were ordered to move elsewhere, the U.S. Department of Justice announced Tuesday.

  • June 24, 2025

    Mass. Condo Value Won't Get Reduced, Board Says

    The fair cash value of a Massachusetts condominium should not be lowered, the state Appellate Tax Board ruled, finding the owner failed to prove the property had decreased in value since she purchased it two months before.

  • June 24, 2025

    Judge Trims Homebuyer Antitrust Claims Against Brokerage

    A Pennsylvania federal judge found homebuyers showed enough to continue claims that brokerage Hanna Holdings effectively inflated costs for buyers by following rules set by the National Association of Realtors, even while rejecting claims that the firm colluded with competitors.

  • June 24, 2025

    Simpson Thacher Guides $575M Loan For Times Square Office

    In two loan deals guided by Simpson Thacher & Bartlett LLP, Apollo Global Management Inc. borrowed more than $575 million for a Times Square office skyscraper that's going to be converted into a residential building, according to official property records filed Tuesday.

  • June 24, 2025

    MG Properties Adds SoCal Complex For $144M In Latest Buy

    Real estate investment and management company MG Properties announced it has paid $144 million for an Anaheim, California, apartment complex in its second major Southern California purchase this year.

  • June 23, 2025

    Calif. Property Co. Denied Early Win In Defect Coverage Suit

    A California federal court refused to hand a partial win to the owner of a Brentwood retirement community seeking excess coverage for an underlying settlement stemming from homeowners' construction defect claims, saying genuine issues of fact exist as to whether the claims constitute "suits" under the policy.

  • June 23, 2025

    NYC Mayor Shelves Controversial Elizabeth St. Garden Housing

    New York City Mayor Eric Adams agreed not to redevelop a downtown Manhattan garden into 123 senior affordable homes in exchange for a New York City council member backing the rezoning of more than 620 affordable homes elsewhere in the council member's district, the Office of the Mayor announced Monday.

  • June 23, 2025

    NY Tribunal Blocks Brownfield Tax Credit For Offsite Costs

    A brownfield developer can't claim New York's brownfield redevelopment tax credit on capitalized costs related to water main improvements serving the site, the state tax tribunal ruled in an opinion released Monday, overturning an administrative law judge's determination.

  • June 23, 2025

    Flagstar Says NYC Landlord's Entities Can't Use Collateral

    Flagstar Bank is urging a New York bankruptcy court not to let a New York City landlord's 82 entities use almost $30 million of the bank's collateral for other purposes, such as administrating their Chapter 11 cases and running their operations.

  • June 23, 2025

    Mass. Home Was Overvalued, Tax Board Rules

    A Massachusetts home should have its value lowered based on the home's purchase price and comparable sales in the area, the state Appellate Tax Board said in a ruling released Monday.

  • June 23, 2025

    NYC Real Estate Week In Review

    Fried Frank and BakerHostetler are among the law firms that scored work on the top New York City real estate deals that hit public records last week, with deals in Manhattan and the Bronx leading the way.

  • June 23, 2025

    Compass Sues Zillow Over Listing Ban

    Real estate brokerage Compass sued Zillow in New York federal court Monday, alleging its ban on private listings and coordination with competitors to enforce it amounts to monopolistic behavior.

  • June 20, 2025

    Paul Weiss-Advised QXO Bids $5B For Alston & Bird-Led GMS

    Connecticut-based QXO Inc. has proposed to acquire building materials distributor GMS Inc. in an all-cash deal valued at approximately $5 billion, with Paul Weiss Rifkind Wharton & Garrison LLP backing QXO on the unsolicited bid. 

  • June 20, 2025

    NY ALJ OKs Like-Kind Exchange On Investors' Same-Day Sale

    Two New York residents qualify for a like-kind exchange deferment of gains they received from selling an apartment building on the same day they obtained its title from a partnership they were invested in, a New York administrative law judge said in a determination released Friday.

  • June 20, 2025

    WC Smith Lands $106M For DC Multifamily High-Rise

    Developer WC Smith has secured $106.3 million in financing for a 334-unit, 11-story apartment building in Washington, D.C.'s Capitol Riverfront neighborhood, according to an announcement by borrower-side broker Walker & Dunlop.

  • June 20, 2025

    REIT Wants Mo. Justices To Review City Tax On Rental Income

    Rental income from property owned by healthcare real estate investment trust Ventas Inc. should not be taxed by Kansas City, Missouri, as income from business activity, the company said, seeking review of the case by the state supreme court.

  • June 20, 2025

    Oak Row Lands $210.5M In Loans For Miami Tower Project

    Oak Row Equities borrowed $210.5 million worth of construction loans for its luxury multifamily tower project in Miami that's going to start construction "immediately" and has a fourth-quarter 2027 delivery date, the real estate private equity firm and developer announced Friday.

  • June 18, 2025

    State Farm Likely To Face 200K Calif. Homeowner Class

    A California federal judge indicated Wednesday that he'll likely certify a class of nearly 200,000 homeowners in litigation alleging that State Farm underpays property insurance claims by depreciating sales tax when calculating replacement costs, saying a common issue predominates and noting he'd sided with plaintiffs in a similar 2017 case.

  • June 18, 2025

    Attorneys Say Look Before Leaping Back Into Senior Housing

    Attorneys advising on senior housing deals are seeing more interest from investors and developers, due to demographic trends and the post-pandemic recovery, but emphasize the unique legal considerations of a sector that straddles healthcare and real estate.

  • June 18, 2025

    NY High Court Stands By Kingston Rent Stabilization Opt-In

    New York's highest court on Wednesday affirmed the city of Kingston's decision to opt in to rent stabilization, confirming the standard for municipal vacancy surveys underpinning such decisions while stopping short of ruling on Kingston's historic decision to roll rents back by 15%.

  • June 18, 2025

    Phillips Lytle Forms Land Use, Permitting, Zoning Group

    Phillips Lytle LLP has created a team of 11 attorneys who will focus on land use, obtaining permits and zoning matters, the firm announced Tuesday.

  • June 18, 2025

    Colo. Judge Trims REIT's Antitrust MDL Coverage Dispute

    A Colorado federal court trimmed a real estate investment trust's suit seeking coverage for antitrust multidistrict litigation, saying the trust's statutory bad faith claim under Colorado law could not proceed because of a New York choice-of-law provision in its primary policy.

  • June 18, 2025

    PNC Closes $208M Affordable Housing Fund

    PNC Bank closed a low-income housing tax credits fund that will invest more than $208 million into developing and rehabilitating affordable housing in the U.S., the bank announced Wednesday.

Expert Analysis

  • Fla. Condo Law Fix Clarifies Control Of Common Areas

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    Florida's repeal of a controversial statutory provision that permitted developers of mixed-use condominium properties to retroactively assert control over common facilities marks a critical shift in legal protections for unit owners and associations, promoting fairness, transparency and accountability, say attorneys at Pardo Jackson.

  • EDNY Ruling May Limit Some FARA Conspiracy Charges

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    Though the Eastern District of New York’s recent U.S. v. Sun decision upheld Foreign Agents Registration Act charges against a former aide to New York Gov. Kathy Hochul, its recognition of an affirmative legislative policy to exempt some officials may help defendants charged with related conspiracies, say attorneys at ArentFox Schiff.

  • Shifting DEI Expectations Put Banks In Legal Crosshairs

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    The Trump administration's rollbacks on DEI-friendly policies create something of a regulatory catch-22 for banks, wherein strict compliance would contradict established statutory and administrative mandates regarding access to credit for disadvantaged communities, say attorneys at Husch Blackwell.

  • The State Of Play In Copyright Protection For Floor Plans

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    With questions over copyright protections for floor plans potentially teed up in front of the U.S. Supreme Court, attorneys in the real estate industry should take steps to clarify and strengthen clients' rights and reduce the risk of litigation, says Dylan I. Scher at Quinn Emanuel.

  • Florida Case Could Redefine Construction Defect Damages

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    If a Florida appellate court overturns the trial court in a pending construction contract dispute, the state could experience a seismic shift in construction defect damages, effectively leaving homeowners and developers with an incomplete remedy, says Andrew Gold at Akerman.

  • Texas Bill Could Still Boost Property Rights In Gov't Disputes

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    The passage of a bill in Texas that would provide litigants with access to a greater swath of judicial remedies in immunity disputes with government entities and officials would be an invaluable boon for property rights, says Nathan Vrazel at Munsch Hardt.

  • Va.'s Altered Surcharge Law Poses Constitutional Questions

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    Virginia's recently amended consumer protection law requiring sellers to display the total price rather than expressly prohibiting surcharges follows New York's recent revision of its antisurcharge statute and may raise similar First Amendment questions, says attorneys at Stinson.

  • Ore. High Court Ruling Widens Construction Defect Coverage

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    A recent Oregon Supreme Court decision, Twigg v. Admiral Insurance, dispels the myth that a contractor's liability for defective work is uninsurable if pursued as a breach of contract, say attorneys at Stoel Rives.

  • Spoliation Of Evidence Is A Risky And Shortsighted Strategy

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    Destroying self-incriminating evidence to avoid a large judgment may seem like an attractive option to some defendants, but it is a shortsighted strategy that affords the nonspoliating party potentially case-terminating remedies, and support for a direct assault on the spoliator’s credibility, say attorneys at Mandelbaum Barrett.

  • In 2nd Place, Va. 'Rocket Docket' Remains Old Reliable

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    The U.S. District Court for the Eastern District of Virginia was again one of the fastest civil trial courts in the nation last year, and an interview with the court’s newest judge provides insights into why it continues to soar, says Robert Tata at Hunton.

  • Operating Via Bank Charter Offers Perks Amid Industry Shift

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    As bank regulators become more receptive to streamlining barriers that have historically stood in the way of de novo bank formation, and as fintechs show more interest in chartering, attorneys at Goodwin outline the types of charters available and their benefits.

  • CFPB Industry Impact Uncertain Amid Priority Shift, Staff Cuts

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    A recent enforcement memo outlines how the Consumer Financial Protection Bureau's regulatory agenda diverges from that of the previous administration, but, given the bureau's planned reduction in force, it is uncertain whether the agency will be able to enforce these new priorities, say attorneys at Troutman Pepper.

  • Opportunity Zone Revamp Could Improve The Program

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    If adopted, the budget bill's new iteration of the opportunity zone program could renew, refine and enhance the effectiveness and accountability of the original program by including structural reforms, expanded eligibility rules and incentives for rural investment, say attorneys at Pillsbury.