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Residential

  • September 30, 2025

    Developer Plans 200 Units On Rezoned Fort Lauderdale Site

    Colliers on Tuesday said it arranged the $8 million sale of a site in Fort Lauderdale, Florida, that is slated for a 200-unit multifamily residential development following a recent rezoning in the area.

  • September 30, 2025

    Del. Justices Won't Revive Gellert Seitz Malpractice Case

    The Delaware Supreme Court on Tuesday rejected a homebuilder's bid to revive its legal malpractice suit against Gellert Seitz Busenkell & Brown LLC over damages the builder said it suffered due to the firm's negligence in loan restructuring disputes with a bank.

  • September 30, 2025

    MLB Team Owner's $8B Queens Casino Bid Moves Forward

    An $8 billion Queens casino project backed by Steven A. Cohen, the billionaire owner of Major League Baseball's New York Mets, was unanimously approved on Tuesday by a six-member local committee, moving it to a state regulatory board for consideration.

  • September 30, 2025

    IRS Defines Rural Areas For Opportunity Zone Tax Breaks

    The Internal Revenue Service published the definitions Tuesday for rural areas that qualify for the federal opportunity zone program's rural zone expansion under the Republican budget bill signed into law this summer.

  • September 30, 2025

    Longtime SEC Litigator Joins Invitation Homes In Texas

    A litigator with more than two decades of U.S. Securities and Exchange Commission experience has joined the legal team at Dallas-based single-family home leasing and management company Invitation Homes Inc. as senior vice president, litigation and investigations.

  • September 30, 2025

    FTC Accuses Zillow, Redfin Of Stifling Rental Ad Competition

    The Federal Trade Commission filed a lawsuit in Virginia federal court on Tuesday accusing Zillow of paying Redfin more than $100 million to stop competing for the sale of rental housing advertisements on their listing services.

  • September 30, 2025

    NYC To Spend $1.8B To Speed Up Housing Production

    New York City Mayor Eric Adams announced that his administration plans to accelerate housing production by investing an additional $1.8 billion in fiscal year 2026, fast-tracking funding earmarked under a 10-year capital plan for housing production.

  • September 30, 2025

    Trump Orders Lumber, Furniture Tariffs To Begin Oct. 14

    In an executive order signed Monday evening, President Donald Trump outlined a series of tariff rates on imported lumber and derivative products to be imposed in two weeks.

  • September 30, 2025

    Co-Marketing Isn't A Kickback Scheme, NC Lender Says

    A mortgage lender is urging a North Carolina federal court to toss a homebuyer's suit accusing it and an insurance broker of running a kickback scheme, arguing that the homebuyer is wrongfully alleging that its co-marketing agreement with the brokerage is some sort of kickback scheme.

  • September 30, 2025

    Senior Housing REIT Buys 5 Wisconsin Properties For $195M

    Senior housing real estate investment trust LTC Properties Inc. said Tuesday that it has acquired a portfolio of five independent living, assisted living and memory care properties in Wisconsin for $195 million.

  • September 29, 2025

    FPI Signs $2.8M Deal To Exit Yardi Price-Fixing Class Action

    Property management firm FPI Management Inc. has reached a $2.8 million deal to settle a proposed price-fixing class action in Washington federal court accusing it and others of using Yardi Systems Inc.'s third-party software to inflate residential rents.

  • September 29, 2025

    Kazakh Money Laundering Retrial Against Felix Sater Begins

    A Manhattan federal jury heard opening statements Monday in a civil money laundering retrial against financier Felix Sater, whom plaintiffs branded as a thief who enriched himself as he helped hide millions of dollars looted from a Kazakh bank 20 years ago.

  • September 29, 2025

    Residential REIT Wants Shareholder Vote For $354M Merger

    Dream Residential Real Estate Investment Trust wants its shareholders to vote on approving a $354 million all-cash acquisition of the company by an affiliate of real estate investment and management company Morgan Properties LP, the Canadian residential REIT has announced.

  • September 29, 2025

    NYC Real Estate Week In Review

    Goldberg Weprin and Jeffrey Zwick are among the law firms that landed work on the largest New York City real estate deals to hit public records last week, a period that included large deals in three boroughs.

  • September 29, 2025

    IRS Finalizes Income Rules For Housing Tax Credit Projects

    The U.S. Department of the Treasury and Internal Revenue Service published finalized rules for housing tax credit developers opting to use an average-income test to set rents for affordable housing projects, aiming to reduce the risk of disqualification if a unit falls out of compliance.

  • September 29, 2025

    Airbnb Rental Violates Zoning Rules, Conn. Town Says

    An Airbnb listing for a "poolside retreat" with 10 beds violates a Connecticut town's zoning ordinance because it is commercial in nature, not residential, according to an enforcement action that asks a state court to shut down the enterprise for good.

  • September 29, 2025

    Related Group Sells Atlanta Suburb Apartments For $352M

    Related Group has sold two multifamily properties in the Atlanta suburbs of Buford and Kennesaw for nearly $352.8 million, according to a Monday announcement by seller-side broker Walker & Dunlop.

  • September 29, 2025

    NY Committee Advances Bally's Bronx Casino Project

    A six-member New York community advisory committee decided on Monday to move forward gambling company Bally's Corp.'s proposed $4 billion, 3 million-square-foot Bronx casino and resort project for further consideration.

  • September 29, 2025

    Fla. Cities, Counties Take Aim At Storm Recovery Law

    A coalition of 25 Florida municipalities and counties sued the state on Monday over a state law aimed at encouraging post-hurricane rebuilding efforts that the local governments say unconstitutionally tramples their authority to regulate land use and development in their communities.

  • September 26, 2025

    Zillow Loses 9th Circ. Bid To Undo Investor Class Cert.

    The Ninth Circuit on Friday affirmed a lower court's decision to grant class certification in an investor suit claiming Zillow Group Inc. oversold a now-shuttered home-buying program, rejecting the real estate listing site's arguments that the lower court did not correctly apply the U.S. Supreme Court's Goldman decision to the class certification bid.

  • September 26, 2025

    Banks Evade Most Liability Claims In Copyright Suit

    A pair of banks had the majority of the liability claims against them tossed by a Colorado federal judge Friday in an architectural group's copyright lawsuit against a real estate developer, whose project they financed.

  • September 26, 2025

    SEC Eyes Tweaking RMBS Rules To Revive Dormant Market

    The U.S. Securities and Exchange Commission put out a call for public comments on improving its rules over residential mortgage-backed securities, noting that there have been no such public offerings in more than a decade and questioning whether the agency's requirements may be partially to blame.

  • September 26, 2025

    Court Erases $187M Hurricane Damage Appraisal Award

    A Florida federal court invalidated a $187 million appraisal award that a group of homeowners associations won against their insurers over damage related to Hurricane Sally in 2020, finding that the group's chosen appraiser "never stated the 'amount of loss'" to the property.

  • September 26, 2025

    $33M NJ Mansion Wasn't Chinese Exile's, Holding Co. Says

    A holding company that nominally owns a $33 million New Jersey mansion has asked a Connecticut federal judge to flip a bankruptcy finding that the company was equitably owned by Chinese exile Miles Guo and functioned as his alter ego, arguing the property was actually paid for by Guo's fraud victims.

  • September 26, 2025

    Mortgage Insurer Wants To Settle 401(k) Mismanagement Suit

    A mortgage insurance company has agreed to settle a proposed Employee Retirement Income Security Act class action filed by a former employee who accused the insurer in North Carolina federal court of mismanaging a 401(k) plan.

Expert Analysis

  • Why Fla. Ruling Is A Call To Action For Foreclosure Counsel

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    A Florida state court's recent decision in Open Range Properties v. AmeriHome Mortgage has sent ripples through the banking industry and the legal community, and signals a new era of heightened scrutiny and procedural rigor in foreclosure litigation, says Andrew McBride and Adams & Reese.

  • What To Expect As Trump's 401(k) Order Materializes

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    Following the Trump administration’s recent executive order on 401(k) plan investments in alternative assets like cryptocurrencies and real estate, the U.S. Department of Labor and the U.S. Securities and Exchange Commission will need to answer several outstanding questions before any regulatory changes are implemented, say attorneys at Cleary.

  • With Obligor Ruling, Ohio Justices Calm Lending Waters

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    A recent decision by the Ohio Supreme Court, affirming a fundamental principle that lenders have no duty to disclose material risks to obligors, provides clarity for commercial lending practices in Ohio and beyond, and offers a reminder of the risks presented by guarantee arrangements, says Carrie Brosius at Vorys.

  • Unpacking The New Opportunity Zone Tax Incentive Program

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    The One Big Beautiful Bill Act brought several improvements to the opportunity zone tax incentive program that should boost investments in qualified funds, including making it permanent, increasing federal income tax benefits in rural areas, redesignating the qualified zones, and requiring more in-depth reporting, says Marc Schultz at Snell & Wilmer.

  • Definitions Of 'Waters Of The United States' Ebb And Flow

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    The issue of defining whether "waters of the United States" include streams and channels that sometimes have water and sometimes do not has been fraught since the U.S. Supreme Court's 2006 Rapanos decision, but a possible new rule may help property owners stay out of court, says Neal McAliley at Carlton Fields.

  • Texas Property Law Complicates Financing And Development

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    A new Texas law imposing expansive state-level restrictions on properties owned by entities from designated countries creates a major obstacle for some lenders, developers and other stakeholders, as well as new diligence requirements for foreign companies, say attorneys at Pillsbury.

  • Navigating The New Playbook For SBA 504 Loans

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    As the U.S. Small Business Administration 504 loan program’s relevance grows amid climbing foreclosure activity, regulatory changes and a notable ruling from the Eighth Circuit are reshaping origination and workout strategies, highlighting the need for a national framework to improve resolutions, protect recoveries and support small businesses, says Casey Sieck at Day Pitney.

  • 5 Critical Changes Coming To Bankruptcy Rule 3002.1

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    Residential mortgage lenders and servicers should prepare for significant amendments to Bankruptcy Rule 3002.1 taking effect this December that will impose new filing requirements, codify how creditors handle untimely payment change notices and allow debtors to request status updates, say attorneys at Bradley Arant.

  • Opportunity Zone Overhaul Is Good News For Investors

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    Recently enacted reforms making the qualified opportunity zone program permanent, restoring the basis step-up for capital gains and adding flexibility to the zone designation process enhance the program’s appeal for long-term investment, says Steven Hadjilogiou at McDermott.

  • Texas High Court Decision Could Reshape Contract Damages

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    The Texas Supreme Court recently held that an order of specific performance for a real property transaction doesn't preclude a damage award, establishing a damages test for this scenario while placing the onus on lower courts to correctly determine the proper remedies and quantum of damages, say attorneys at Fried Frank.

  • Navigating The Complexities Of NYC Waterfront Development

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    More than a dozen city, state and federal agencies share oversight of New York City's waterfront, presenting developers and their counsel with both challenges and opportunities to shape the regional and national economy, say attorneys at HSF Kramer.

  • New NY Residential Real Estate Rules May Be Overbroad

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    New legislation imposing a 90-day-waiting period and tax deduction restrictions on certain New York real estate investors may have broad effects and unintended consequences, creating impediments for a wide range of corporate and other transactions, says Libin Zhang at Fried Frank.

  • Compliance Is A New Competitive Edge For Mortgage Lenders

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    So far, 2025 has introduced state and federal regulatory turbulence that is pressuring mortgage lenders to reevaluate the balance between competitive and compliant employee and customer recruiting practices, necessitating a compliance recalibration that prioritizes five key strategies, say attorneys at Mitchell Sandler.