Residential

  • April 18, 2024

    DLA Piper Reps Fallon Co. On $147M Nashville Area Plan

    Nashville, Tennessee, officials have signed off on an agreement with The Fallon Company to redevelop a 30-acre downtown-adjacent site into a neighborhood with 1,500 housing units, surrounding a planned stadium for the Tennessee Titans NFL team.

  • April 18, 2024

    What 4 Real Estate Leaders Said At NYU's REIT Symposium

    The public real estate investment trust sector will bounce back from its current troubles "at some point," said Jon Gray, Blackstone's president. He was not the only company executive who sounded hopeful about the industry's future at New York University's 28th annual REIT symposium.

  • April 18, 2024

    SL Green Slashes Yet Another NYC Office Loan

    SL Green Realty Corp. executives announced yet another deal extinguishing tens of millions of dollars of debt tied to a Manhattan office building, leaving analysts scratching their heads at an earnings call for the second quarter in a row.

  • April 18, 2024

    Ga. Corp., Personal Income Tax Rates Dropping To 5.39%

    Domestic and foreign companies doing business in Georgia will continue to pay the same tax rate as individuals, but both corporate and personal rates will fall, according to a tax package signed Thursday by Republican Gov. Brian Kemp.

  • April 18, 2024

    Blackstone, Expecting CRE Rebound, Leans Into Deal-Making

    Executives at Blackstone, the world's largest landlord and alternative asset manager, said they see signs that commercial real estate is beginning to bounce back, despite macroeconomic challenges and a shift in how people use offices.

  • April 18, 2024

    Maui County Sued Over Wildfire Landfill Debris Storage

    Maui County has been slapped with a lawsuit in Hawaii federal court alleging it relied on a deficient, 28-year-old environmental impact statement when taking over a nearly 20-acre parcel of land to house debris from last year's massive wildfires, in violation of the Hawaii Environmental Protection Act.

  • April 18, 2024

    Judge Backs Keller Williams' Exit From 'Shotgun' Claim

    A federal magistrate judge recommended releasing Keller Williams Realty from a proposed class action, calling the lawsuit a "shotgun pleading" claiming the broker sought to generate commissions with harassing phone calls to pressure homeowners into selling.

  • April 18, 2024

    Mich. Treasury Dept. Clarifies Homestead Property Tax Credit

    Michigan's Treasury Department clarified when a homestead property tax credit applies to property that is contiguous to a property owner's home.

  • April 17, 2024

    Hawaii AG Releases Timeline Of Deadly Lahaina Wildfire

    Hawaii's attorney general on Wednesday released findings from the first report of a three-part investigation into how state and county governments responded to the wildfires that ignited on the island of Maui last year, decimating the historic town of Lahaina and leaving more than 100 people dead.

  • April 17, 2024

    Fannie Mae Gets Partial Early Win In $12M Loan Default Row

    A Texas federal judge mostly sided with Fannie Mae in its suit over a defaulted $23.26 million multifamily loan, of which the government enterprise claims it's still owed $12.56 million.

  • April 17, 2024

    States, Biz Groups Back Fight Over DOE Furnace Rules

    Eighteen states and several business associations are backing gas utility groups' challenge to the U.S. Department of Energy's tighter energy efficiency standards for furnaces and water heaters, telling the D.C. Circuit that the agency is unlawfully forcing a switch to new appliances.

  • April 17, 2024

    Okla. Lawmakers OK Use Of Images For Property Inspections

    Oklahoma would allow county assessors to inspect property remotely using aerial images taken from airplanes after an initial in-person inspection under a bill passed by the state House of Representatives and headed to the governor.

  • April 17, 2024

    NJ Appeals Court Backs Exemption For Adult Support Home

    A New Jersey Tax Court judge was correct in finding that a residential property owned by a charity and used to house a person with intellectual and developmental disabilities was entitled to a tax exemption, a state appeals court ruled Wednesday.

  • April 17, 2024

    Survey Tees Up Another NY City For Rent Stabilization

    A survey of rental stock in Poughkeepsie, New York, revealed a low vacancy rate qualifying the Hudson Valley city to opt in to rent stabilization should its representatives move to declare a housing emergency.

  • April 17, 2024

    Proptech Profile: Jurny Builds AI Base For Short-Term Rentals

    Technology is an essential part of successfully running and scaling up a short-term rental portfolio, given the decentralized nature of the business with properties spread across different locations. But to date, operators have faced a fragmented landscape of tech solutions, which can greatly frustrate their efforts.

  • April 17, 2024

    4th Circ. Affirms No Shield From IRS For Home In Bankruptcy

    A North Carolina man who filed for bankruptcy protection and owes federal tax debt cannot shield the house he owns with his wife from the Internal Revenue Service, which is pursuing the asset as a creditor in the proceedings, the Fourth Circuit affirmed Wednesday.

  • April 17, 2024

    Ore. City And Homeless Class Stake Spots Over Camping Ban

    The U.S. Supreme Court will hear arguments Monday in a case weighing whether an Oregon city's anti-camping laws violate the Eighth Amendment's ban on cruel and unusual punishment. Here, Law360 previews the stances carved out by the city and a certified class of homeless residents.

  • April 17, 2024

    BH Group, Kolter Partner On $102.6M Fla. Beachfront Site

    BH Group and Kolter Group said April 17 they purchased one of the few remaining ultra-luxury beachfront development sites in Florida with a $102.6 million land buy in Naples.

  • April 17, 2024

    An Architect's Guide To Lunar Housing

    While some architects are challenging local zoning codes and designing innovative facades, the team at Bjarke Ingels Group is figuring out how to construct housing to withstand frequent meteorite attacks and one-sixth of the Earth's gravity.

  • April 16, 2024

    IRS Publishes 2024 Average Residence Purchase Price Data

    The Internal Revenue Service published data Tuesday on the average purchase price for U.S. residences in different areas, which is used to determine whether bond interest can be excluded from gross income.

  • April 16, 2024

    NY Budget Deal Revives 421a Credit In Housing Supply Push

    New York Gov. Kathy Hochul said state lawmakers have agreed to the terms of a state budget reviving an expired affordable housing tax credit, backing office-to-residential conversions and taking other steps to combat New York City's housing affordability crisis.

  • April 16, 2024

    Manufactured Housing Cos. Slam 'Nonsensical' Antitrust Suit

    A mobile homes data company and multiple manufactured housing companies once again have urged an Illinois federal court to toss rent price-fixing claims brought by a proposed class of mobile home renters.

  • April 16, 2024

    3 Takeaways From Urban Land Institute's Resilience Summit

    Real estate professionals across the country convened in New York City last week to talk about how to navigate an inconvenient truth in real estate — that extreme weather and climate change must be factored into investments. Here are three takeaways from the conference.

  • April 16, 2024

    Excess Carriers Say Property Co. Not Covered In Antitrust Suit

    Two excess insurers said they don't owe coverage to a property management company for underlying litigation alleging a price-fixing conspiracy involving software company RealPage Inc., telling a Massachusetts federal court that a professional services exclusion in the primary policy bars coverage.

  • April 15, 2024

    Union Pacific Beats Most Claims In Kansas Chemical Spill Suit

    A Kansas federal judge tossed most of a proposed class action's claims against Union Pacific Railroad Co., which is accused of contaminating Wichita properties by mishandling hazardous and toxic materials at an industrial railroad site located at 29th Street and Grove.

Expert Analysis

  • Riding My Peloton Bike Makes Me A Better Lawyer

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    Using the Peloton platform for cycling, running, rowing and more taught me that fostering a mind-body connection will not only benefit you physically and emotionally, but also inspire stamina, focus, discipline and empathy in your legal career, says Christopher Ward at Polsinelli.

  • The Challenges SEC's Climate Disclosure Rule May Face

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    Attorneys at Debevoise examine potential legal challenges to the U.S. Securities and Exchange Commission's new climate-related disclosure rule — against which nine suits have already been filed — including arguments under the Administrative Procedure Act, the major questions doctrine, the First Amendment and the nondelegation doctrine.

  • Class Actions At The Circuit Courts: March Lessons

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    In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses four notable circuit court decisions on topics from consumer fraud to employment — and provides key takeaways for counsel on issues including coercive communications with putative class members and Article III standing at the class certification stage.

  • Spartan Arbitration Tactics Against Well-Funded Opponents

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    Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.

  • How FinCEN Proposal Expands RE Transaction Obligations

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    Against a regulatory backdrop foreshadowing anti-money laundering efforts in the real estate sector, the Financial Crimes Enforcement Network's proposed rule significantly expands reporting requirements for certain nonfinanced residential real estate transfers and necessitates careful review, say attorneys at Fried Frank.

  • How Calif. Video Recording Ruling May Affect Insured Exams

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    A recent California appellate decision, Myasnyankin v. Nationwide, allowing policyholders to video record all parties to an insurance examination under oath, has changed the rules of the road for EUOs and potentially opened Pandora's box for future disputes, say John Edson and Preston Bennett at Sheppard Mullin.

  • Unpacking FinCEN's Proposed Real Estate Transaction Rule

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    Phil Jelsma and Ulrick Matsunaga at Crosbie Gliner take a close look at the Financial Crimes Enforcement Network's recently proposed rulemaking — which mandates new disclosures for professionals involved in all-cash real estate deals — and discuss best next steps for the broad range of businesses that could be affected.

  • Texas Insurance Ruling Could Restore Finality To Appraisal

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    The Texas Supreme Court's decision in Rodriguez v. Safeco, determining that full payment of an appraisal award precludes recovery of attorney fees, indicates a potential return to an era in which timely payment undoubtedly disposes of all possible policyholder claims, says Karl Schulz at Cozen O'Connor.

  • Contractors Need Protection From NJ Homeowner Protections

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    A recently passed New Jersey law, combined with the state's Consumer Fraud Act, is intended to protect innocent homeowners, but legislative action must be taken to prevent homeowners from abusing the law to avoid paying hardworking contractors, say Gary Strong and Madison Calkins at Gfeller Laurie.

  • NY Shouldn't Pair 421-a Restoration And Good Cause Eviction

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    The good cause eviction system of rent control should not be imposed in New York, nor should its legislation be tied to renewal of the 421-a tax abatement program, which New York City desperately needs, says Alexander Lycoyannis at Holland & Knight.

  • Setting The Stage For High Court BofA Escrow Interest Case

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    Dori Bailey and Curtis Johnson at Bond Schoeneck examine relevant legislation and case law dating back 200 years ahead of oral arguments at the U.S. Supreme Court on Tuesday in Cantero v. Bank of America, the outcome of which will determine whether state laws governing mortgage escrow accounts can be enforced against national banks.

  • DC's Housing Tax Break Proposal: What's In It, What's Missing

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    Proposed Washington, D.C., rules implementing the Housing in Downtown Tax Abatement program — for commercial property owners who convert properties into residential housing — thoroughly explain the process for submitting an application, but do not provide sufficient detail regarding the actual dollar value of the abatements, says Daniel Miktus at Akerman.

  • Assessing The Future Of Colorado's Economic Loss Rule

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    The Colorado Supreme Court's decision to review a state appellate court's ruling in Mid-Century Insurance Co. v. HIVE Construction will significantly influence the future of Colorado's economic loss rule, with high stakes for the cost of doing business in the state, says David Holman at Crisham & Holman.