Residential
-
June 16, 2025
Walker & Dunlap Closes $135M Real Estate Fund
Real estate private equity shop Walker & Dunlap Investment Partners, advised by Polsinelli PC, on Monday revealed that it wrapped up fundraising for its seventh discretionary fund after securing $135 million from investors.
-
June 16, 2025
Wash. AG Sues Over Alleged Exploitation Of Senior Tenants
Washington's attorney general has accused a property management company and the owners of several apartment complexes of deceiving low-income senior tenants by not telling them about the actual quality of properties or about how their rents were going to be calculated or raised.
-
June 16, 2025
Senior Living Market Buoyed By Muted Construction Activity
The nation's senior living market saw subdued construction rates and rising demand in the first quarter of 2025, driving occupancy levels up for the 17th consecutive quarter, per a Cushman & Wakefield report.
-
June 16, 2025
NYC Real Estate Week In Review
Konner Gershburg and Abrams Garfinkel are among various law firms that scored work on the largest New York City real estate deals that hit public records last week, a slow period that saw only one deal above the $15 million mark.
-
June 16, 2025
Massachusetts Home Overvalued By $25K, Board Says
A local assessment of a Massachusetts home lacked persuasive value, a state tax board said, reducing the property's valuation by $25,000.
-
June 13, 2025
Home Sellers Say Brokerages Can't Pause Mo. Antitrust Case
A proposed class of home sellers urged a Missouri federal court to deny two brokerages' second request to stay proceedings against them in a consolidated antitrust broker fees class action while they finalize a parallel settlement in what sellers have called "copycat" proceedings in Georgia.
-
June 13, 2025
MV Realty CEO Banned From Real Estate Biz In NC
The CEO of brokerage MV Realty is banned from doing professional real estate business in North Carolina and local homeowners were released from "predatory" agreements that they signed with one of his other companies, the state's attorney general announced Friday.
-
June 13, 2025
3 Cos. Pay $173M For Seattle Multifamily Community
A trio of companies purchased a 16-story, 265-unit Seattle multifamily tower that features a Whole Foods location for $173 million, according to a Friday announcement.
-
June 13, 2025
White House Stands By Biden-Era Construction Labor Rule
The Trump administration clarified that federal agencies should still use project labor agreements on large federal construction projects, weeks after a court vacated two agencies' directives that purported to eliminate this requirement.
-
June 13, 2025
Ex-Express CLO, Current Champion Homes GC Earned $2M
The former chief legal officer and corporate secretary of retail fashion and design brand Express made more than $2 million in total compensation after joining Champion Homes last year, more than half of which came from stock awards, according to a recent filing with the U.S. Securities and Exchange Commission.
-
June 13, 2025
Calif. AG Accuses Landlord Of Running 'Slum-Like' Empire
California Attorney General Bob Bonta has sued a landlord with a multibillion-dollar real estate empire for allegedly flouting housing and tenant laws to an extensive degree, subjecting thousands of mostly low-income renters to inhumane living conditions with often "tragic results."
-
June 13, 2025
Fla. Broker Gets 1 Year For Helping Russians Evade Sanctions
A Florida federal judge on Friday sentenced a real estate broker to one year in prison for managing bank accounts and luxury condominiums on behalf of two Russians subject to sanctions barring them from owning property in the United States.
-
June 12, 2025
Dallas Developer Cleared Of Bribery Charges In Retrial
A Dallas jury cleared a real estate executive charged with attempting to bribe city council members in exchange for federal low income housing credits, finding the executive not guilty Thursday after the Fifth Circuit threw out his guilty verdict and ordered a retrial.
-
June 12, 2025
Ch. 11 Creditors Seek Sanctions In $57M Conn. Mortgage Feud
An unsecured-creditor committee has asked a Connecticut federal bankruptcy judge to sanction a successor to an entity that lent $57 million to the bankrupt real estate and building companies behind a luxury Newtown apartment complex, saying the successor hasn't provided details about the mortgage or several reserves earmarked within it.
-
June 12, 2025
Md. Court OKs Second Tax Notice, Drops Home Value
A second residential property assessment notice by the city of Baltimore boosting a valuation by more than $300,000 over its initial assessment is valid, but the assessment was too high, the Maryland Tax Court said in an order released Thursday.
-
June 12, 2025
Locals Approve $3B Plan To Lure NHL Team Back To Atlanta
Officials in Forsyth County, Georgia, north of Atlanta, have signed off on a $3 billion mixed-use plan anchored by an arena, which developers hope will draw a professional hockey team back to the region.
-
June 12, 2025
NJ Judge Clarifies Provisions Of New Affordable Housing Law
A New Jersey state judge has denied a bid from a coalition of 29 Garden State municipalities to block a number of provisions of a new affordable housing directive, but he provided clarity on some parts of the directive, and the coalition is calling the clarification a win.
-
June 12, 2025
Legal Noncitizens OK For Domicile Tax Break, SC Judge Says
A legally present couple from India showed intent to remain domiciled in their South Carolina home and therefore qualify for the property tax treatment granted for owner-occupied residences, an administrative judge ruled.
-
June 12, 2025
Settlement Talks Take Shape In Fla. Condo Repair Suit
A Miami Beach condo association and two owners of the resort that houses the condominium units told a Florida state court that they are attempting to settle claims that the owners' neglect put the entire building at risk of collapsing.
-
June 12, 2025
Deal Ends Freedom Mortgage's Appeal Of $23M Verdict
Freedom Mortgage and a Virginia mortgage subservicer have reached a deal to resolve the mortgage company's appeal of a $23 million verdict over a subservicing agreement gone wrong, according to a Thursday filing in the Third Circuit.
-
June 12, 2025
3 Firms Help Sixth Street Partner With Housing Developer
Sixth Street Investment, advised by Latham & Watkins LLP and Nixon Peabody LLP, has teamed up with L+M, led by Fried Frank Harris Shriver & Jacobson LLP, to support the real estate firm's housing development and investment efforts across the U.S.
-
June 12, 2025
4 Firms Build Mortgage REIT's Deal For Residential Loan Biz
A New York City-based real estate investment trust on Thursday announced that it acquired a mortgage loan originator from a structured credit firm for $120 million and more than 2 million shares of the REIT's common stock, in a deal guided by Alston & Bird LLP, Hunton Andrews Kurth LLP, Sheppard Mullin Richter & Hampton LLP and Mayer Brown LLP.
-
June 12, 2025
Cleary, Sullivan & Cromwell Guide $675M NYC Apartment Refi
Cleary Gottlieb Steen & Hamilton LLP advised lenders on a $675 million refinancing obtained by joint venture of Vornado and Stellar Management on one of the largest residential complexes in Lower Manhattan.
-
June 12, 2025
Redfin Investor Seeks $450K In Fees In Merger Disclosure Suit
A Redfin investor asked a Washington federal judge to award $450,000 in legal fees to Monteverde & Associates PC and Wohl & Fruchter LLP, claiming his lawsuit was beneficial to shareholders despite the court's decision to deny his preliminary injunction request to postpone an investor vote.
-
June 12, 2025
Maine Gives 2 Years To Fight Tax Debt Biz Property Takings
Maine won't allow challenges to governmental takings of commercial real estate for nonpayment of property taxes after a statutory two-year period ends, under a bill signed by the governor.
Expert Analysis
-
How Congress Can Stem Consumer Finance Law Uncertainty
In the face of rising uncertainty about consumer finance laws that are based largely on fluctuating administrative rules, Congress should cement certain existing laws into statute and clarify federal agencies' delegations of authority, say attorneys at Bradley Arant.
-
Illuminating The Trend Of Florida's Unpaid Hurricane Claims
The sheer number of insurance claims closed without payment for damage caused by Hurricanes Milton and Helene reveals a systemic problem within Florida's insurance industry exacerbated by complex issues, including climate change and state regulators' resource limitations, say attorneys at Farah & Farah.
-
Insurance Considerations For LA Wildfire Recovery
Businesses and homeowners affected by the destructive Southern California wildfires must act swiftly and strategically to navigate the complexities of the insurance recovery process, including by identifying all applicable policies, documenting damage thoroughly and keeping abreast of relevant state law, say attorneys at Morgan Lewis.
-
LA Wildfires' Effect On Calif. Insurer Of Last Resort
Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.
-
Algorithm Price-Fixing Ruling May Lower Antitrust Claims Bar
A Washington federal court's refusal to dismiss Duffy v. Yardi Systems, an antitrust case over rent prices allegedly inflated by revenue management software, creates an apparent split in the lower courts over how to assess such claims, say attorneys at Morgan Lewis.
-
California's New Homeowner Law Could Hamper Foreclosures
While A.B. 2424, which took effect this month in California, gives homeowners in default additional protections, it also provides loopholes that can be used to delay foreclosure auctions, and the cost of these delays will likely be passed on to the borrower, says Stephen Britt at Severson & Werson.
-
Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.
-
What's Ahead As Transparency Act Comes To A Crossroads
Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.
-
Ohio Banking Brief: All The Notable Legal Updates In Q4
Ohio's banking and financial services sector saw several significant developments in the fourth quarter of 2024, including a landmark Uniform Commercial Code ruling, adjustments to the state's Homebuyer Plus Program and the launch of the state's first women-led bank, says attorney Alex Durst.
-
In The CFPB Playbook: A Sprint To The Finish Line
The fourth quarter of 2024 was an impressive demonstration of the Consumer Financial Protection Bureau's ability to regulate, enforce and supervise, even on borrowed time following the election results, and we should expect the current bureau to run nonstop until Jan. 20, say attorneys at Covington.
-
The 6 Most Significant FCRA Litigation Developments Of 2024
From a key sovereign immunity decision at the U.S. Supreme Court to a ruling on creditworthiness out of the Seventh Circuit, several important Fair Credit Reporting Act cases wound their way through the courts in 2024, each offering takeaways for both plaintiffs and defendants, say attorneys at Shipkevich.
-
10 Noteworthy CFPB Developments From 2024
In a banner year for consumer finance regulation, the Consumer Financial Protection Bureau made significant strides in its efforts to rein in Big Tech and nonbank financial firms, including via rules regarding open banking, credit card late fees, and buy now, pay later products, say attorneys at Wiley.
-
The Story Of 2024's Biggest Bank Regs, And Their Fate In 2025
U.S. federal bank regulators were very active in 2024 with initiatives ranging from antitrust and capital to proposals regarding controlling shareholders and incentive-based compensation, but many regulations face an uncertain future under the new administration, say attorneys at Latham.