Residential
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August 22, 2025
Michigan Judge Gives Initial OK To Tax Foreclosure Deal
A Michigan federal judge has granted preliminary approval to a settlement that would allow former property owners to receive the surplus profits they allege county treasurers made selling their tax-delinquent properties.
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August 21, 2025
Appeals Court Says Dallas Must Release Discrimination Records
A Texas appeals court ruled Thursday that the city of Dallas has to turn over records on a federal housing discrimination investigation to The Dallas Morning News, saying the information was not exempt from public disclosure.
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August 21, 2025
Property Owners Say SF Vacancy Tax Violates Rights
A San Francisco levy on vacant residential units is not a tax, but a penalty, and violates property owners' constitutional rights to keep their private property from being taken for public use without just compensation, the owners told a California appellate court.
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August 21, 2025
Q&A: Lawmaker Takes Aim At High Property Insurance Costs
Finding ways to make property insurance more affordable in New York is the intended outcome of a New York State Senate investigation into a crisis that's threatening to price people out of their communities, said the chair of the senate's insurance committee.
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August 21, 2025
AmeriFirst's Global Creditor Settlement Approved In Ch. 11
Bankrupt mortgage lending company AmeriFirst Financial Inc. received court approval on Thursday in Delaware for a global settlement with creditors that resolves two years of legal disputes among the parties and opens a path for a Chapter 11 plan to be proposed by the debtor.
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August 21, 2025
NJ Court Halts Tower Linked To Menendez Co-Conspirator
A New Jersey state court judge ordered a developer to halt construction on a mixed-use project formerly headed by a businessman convicted alongside former U.S. Sen. Robert Menendez, finding the buildings' height is "clearly exceeding" plans approved in 2018.
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August 21, 2025
NYC Real Estate Week In Review
HSF Kramer and Walsh & Gilad are among the law firms that picked up work on the largest New York City real estate deals that hit public records last week, with a nine-figure Manhattan trade topping the list.
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August 21, 2025
2 Firms Work On $810M NYC Luxury Rentals Purchase
Two Fried Frank Harris Shriver & Jacobson LLP partners and a Gibson Dunn & Crutcher LLP partner guided the $810 million purchase and financing of a luxury rental building in Manhattan.
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August 21, 2025
Texas Resolution Seeks Vote On Broader Property Tax Limit
Texas would ask voters to decide if the state should amend its constitution to apply an existing limit on the appraised value of residence homesteads to other types of property under legislation filed in the state House of Representatives.
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August 21, 2025
5 Firms Guide Canadian Resi REIT's $354M Sale
Dream Residential REIT announced Aug. 21 that the Canadian company's board has reviewed and signed off on its $354 million, all-cash sale to Morgan Properties, a deal shaped by five different firms.
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August 20, 2025
401(k) Order Lifts Real Estate Spirits
After years of distress, first driven by remote working, then by soaring interest rates and rising costs, excitement has now taken hold in the real estate sector as the Trump administration spurs 401(k) plans to include more private assets.
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August 20, 2025
Mortgage Firm Settles Harassment, Retaliation Lawsuit
CrossCountry Mortgage LLC and a branch manager have reached a settlement with a former employee in a sexual harassment and retaliation suit, the parties recently announced.
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August 20, 2025
La. Biz Groups Oppose Changes To Assessment Appeal Rules
Revisions that the Louisiana Assessors' Association has proposed to regulations that govern appeals and assessments could hamper businesses' ability to present information that establishes fair market value of their properties, industry representatives said Wednesday.
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August 20, 2025
What To Watch In Florida Real Estate In 2025's Second Half
Florida real estate is less impervious to challenges confronting the industry and broader economy than in recent years, but local attorneys and real estate professionals say they expect the market will continue to attract people, business and investment in the second half of 2025 and beyond.
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August 20, 2025
Property Manager Settles With Mass. AG Over Data Breaches
One of the largest property management firms in Massachusetts will pay $795,000 to settle allegations by the state attorney general's office that it failed to prevent or address a series of five data breaches between 2019 and 2021.
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August 20, 2025
Texas House Bill Seeks To Bar Property Taxes Starting In 2031
Texas would bar the imposition of property taxes starting in 2031, contingent on voter approval of an amendment to the state constitution, under a bill introduced in the state House of Representatives.
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August 20, 2025
Trump Says Fed's Cook 'Must Resign' Amid Loan Fraud Claim
President Donald Trump's Federal Housing Finance Agency chief on Wednesday accused Federal Reserve Gov. Lisa Cook of potential mortgage fraud and said he has referred the matter to federal prosecutors, prompting Trump to call for Cook's immediate resignation — a call she has rejected.
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August 19, 2025
Expert Chides Charlotte Housing Authority Over Missing Docs
An expert witness turned the tables on the attorney questioning her Tuesday during a former public housing authority coordinator's hostile work environment and retaliation trial in North Carolina after defense counsel questioned how she could accurately opine on the authority's operations without having seen key documents, saying it wasn't because she didn't ask for them.
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August 19, 2025
9th Circ. Backs Approval Of LoanDepot Investor Settlement
The Ninth Circuit has dismissed a challenge brought by a LoanDepot shareholder to a $3.5 million settlement ending a lawsuit that accused the company of misleading investors ahead of its initial public offering, saying the district court applied proper scrutiny when approving the settlement last year.
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August 19, 2025
HUD Compliance Pro Joins Spencer Fane Real Estate Group
Spencer Fane LLP announced Tuesday that the firm has added a compliance pro to the firm's real estate group who comes to private practice after more than a decade at the U.S. Department of Housing and Urban Development.
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August 19, 2025
Seyfarth Adds CRE Loan Pro To NY Office
Seyfarth Shaw LLP added a commercial real estate finance pro to its real estate group from Bryan Cave Leighton Paisner LLP, two months after expanding its offices with a 22-person transactional team from Morris Manning & Martin LLP.
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August 19, 2025
LaSalle Raises $700M For Multifamily, Industrial Debt Strategy
LaSalle Investment Management has secured $700 million for its "open-ended real estate debt strategy" focusing on providing senior floating-rate loans worth $25 million to $75 million for "multifamily and multitenant industrial properties" in the U.S., the company said.
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August 18, 2025
Subcontractor Accused Of $10M In Damages In Condo Dispute
The general contractor in charge of building a 461-unit condominium complex in downtown Denver told a state court Friday that a concrete subcontractor caused more than $10 million in damages due to an alleged breach of contract on the project.
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August 18, 2025
Deutsche Bank, NCUA Net Partial Wins In Crisis-Era RMBS Suit
A New York federal judge has granted partial early wins to both the National Credit Union Administration board and Deutsche Bank in a long-running suit stemming from the 2008 financial crisis and concerning allegations that Deutsche Bank failed to fulfill its duties to certificate holders in several residential mortgage-backed securities trusts.
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August 18, 2025
Pittsburgh Balks At Developer Joining Inclusive Zoning Fight
The city of Pittsburgh is urging a Pennsylvania federal court to reject a real estate trade association's bid to stop the city from enforcing an inclusionary zoning ordinance, arguing that the trade association is trying to block the ordinance on behalf of a private developer.
Expert Analysis
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DOJ Must Overcome Hurdles In RealPage Antitrust Case
The U.S. Department of Justice's recent claims that RealPage's pricing software violates the Sherman Act mark a creative, and apparently contradictory, shift in the agency's approach to algorithmic price-fixing that will face several key challenges, say attorneys at Clifford Chance.
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What To Know About ÃÛÌÒÊÓÆµ Stance On Confidentiality Terms
A recent circular from the Consumer Financial Protection Bureau represents a growing effort across government agencies to address overbroad confidentiality agreements, and gives employers insight into the bureau's perspective on the issue as it relates to the Consumer Financial Protection Act, say Holly Williamson and Elizabeth King at Hunton.
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What's Next For Federal Preemption In Financial Services
The Office of the Comptroller of the Currency's review of its preemption interpretations and growing pressure from state regulators signal potential changes ahead for preemption in U.S. financial services, and the path forward will likely involve a reevaluation of the entire framework, say attorneys at Clark Hill.
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Increased Scrutiny Raises Int'l Real Estate Transaction Risks
Recently proposed regulations expanding the Committee on Foreign Investment in the United States' oversight, a White House divestment order and state-level legislative efforts signal increasing scrutiny of real estate transactions that may trigger national security concerns, say Luciano Racco and Aleksis Fernández Caballero at Foley Hoag.
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Financial Incentives May Alleviate Affordable Housing Crisis
There is a wide array of financial incentives and assistance that the government can provide to both real estate developers and individuals to chip away at the housing affordability problem from multiple angles, say Eric DeBear and Madeline Williams at Cozen.
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Portland's Gross Receipts Tax Oversteps City's Authority
Recent measures by Portland, Oregon, that expand the voter-approved scope of the Clean Energy Surcharge on certain retail sales eviscerate the common meaning of the word "retail" and exceed the city's chartered authority to levy tax, say Nikki Dobay at Greenberg Traurig and Jeff Newgard at Peak Policy.
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The Bank Preemption Ripple Effects After Cantero, Flagstar
The importance of federal preemption for financial institutions will only increase as technology-driven innovations evolve, which is why the U.S. Supreme Court's recent decision in Cantero v. Bank of America and vacatur of Kivett v. Flagstar Bank have real modern-day significance for national banks, say attorneys at WilmerHale.
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Assessing The Practicality Of Harris' Affordable Housing Plan
Vice President Kamala Harris' proposed "Build the American Dream" plan to tackle housing affordability issues takes solid recommendations into account and may fare better than California's unsuccessful attempt at a similar program, but the scope of the problem is beyond what a three-point plan can solve, says Brooke Miller at Sheppard Mullin.
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RealPage Suit Shows Growing Algorithm, AI Pricing Scrutiny
The U.S. Department of Justice's suit against RealPage for helping fix rental rates, filed last week, demonstrates how the use of algorithmic and artificial intelligence tools to assist with pricing decisions is drawing increasing scrutiny and action across government agencies, and specifically at the Federal Trade Commission and the DOJ, say Andre Geverola and Leah Harrell at Arnold & Porter.
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What To Expect From Evolving Wash. Development Plans
The current round of periodic updates to Washington counties' growth and development plans will need to address new requirements from recent legislation, and will also likely bring changes that should please property owners and developers, says Jami Balint at Seyfarth.
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Brownfield Questions Surround IRS Tax Credit Bonus
Though the IRS has published guidance regarding the Inflation Reduction Act's 10% adder for tax credits generated by renewable energy projects constructed on brownfield sites, considerable guesswork remains as potential implications seem contrary to IRS intentions, say Megan Caldwell and Jon Micah Goeller at Husch Blackwell.
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Bank M&A Continues To Lag Amid Regulatory Ambiguity
Bank M&A activity in the first half of 2024 continued to be lower than in prior years, as the industry is recovering from the 2023 bank failures, and regulatory and macroeconomic conditions have not otherwise been prime for deals, say Robert Azarow and Amber Hay at Arnold & Porter.
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How High Court Ruling Is Shaping Homelessness Policies
The U.S. Supreme Court’s June decision in Grants Pass v. Johnson to allow enforcement of local ordinances against overnight camping is already spurring new policies to manage homelessness, but the court's ruling does not grant jurisdictions unfettered power, say Kathryn Kafka and Alex Merritt at Sheppard Mullin.