Residential
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July 30, 2025
SDRE Lands $150M For San Diego Residential Construction
Funds managed by an affiliate of Fortress Investment Group provided SDRE with $150 million in financing, which the homebuilder says it plans to put to use pushing residential construction projects over the finish line.
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July 30, 2025
Landlords Not Covered For Lead Exposure Suit, Insurer Says
An insurer has no duty to defend or indemnify property owners accused of negligently renting out an apartment with hazardous levels of lead that injured a child, the carrier told an Illinois federal court, saying the owners' policy bars coverage for bodily injury caused by lead.
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July 30, 2025
DLA Global Real Estate Leader Eyeing Data Center Investment
As investment funds reach the ends of their life cycles and have capital that must be deployed, funds are looking to pour that capital into U.S. data centers, among other asset classes, one of DLA Piper's global real estate leaders recently told Law360 Real Estate Authority.
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July 29, 2025
REIT Shareholders File 'Improper Lending' Suit Against Execs
Two Arbor Realty Trust Inc. shareholders hit several of the real estate investment trust's executives, including its president and CEO Ivan Kaufman, with a derivative suit on Tuesday alleging they made the REIT use "improper lending practices" that saddled the company "with a severely distressed loan portfolio."
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July 29, 2025
Brokerage Owner Says NAR Dues Policy Hurts Competition
The owner of a Modesto, California, residential sales brokerage urged a California federal court to not toss his antitrust suit challenging dues created by the National Association of Realtors and enforced by affiliated Realtor associations, arguing that he has Article III standing for his claims and that he was significantly harmed by the dues policy.
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July 29, 2025
Mass. Couple's Push For Lower Home Value Falls Short
A Massachusetts couple's claim that their home was dated and overvalued by a local assessor was rejected by a state board, which found shortcomings in their sales comparison analysis.
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July 29, 2025
Insurer Says Misrepresentations Void Real Estate Co.'s Policy
Material misrepresentations in a commercial real estate firm's insurance renewal application mean the insurer has no duty to defend the firm or a former director against a $6.5 million claim related to the sale of a client's properties, the insurer told an Indiana federal court.
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July 29, 2025
Ex-HUD GC Launches DC White Collar Boutique
The former general counsel for the U.S. Department of Housing and Urban Development announced Tuesday that he is launching his own white-collar litigation boutique in Washington, D.C.
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July 29, 2025
Catching Up With New Bankruptcy Case Action
A valve manufacturer hit bankruptcy in Delaware under pressure from mounting asbestos injury claims, a 3D printer designer entered Chapter 11 in Texas after it underwent an acquisition imposed by court order following a ruling that the purchaser had delayed the process, and a San Luis Obispo property developer filed for bankruptcy in California.
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July 29, 2025
Calif. Allows Retroactive Tax Exclusion For Solar Property
California will allow the purchaser of a new property a three-year window to apply for a property tax exclusion for solar energy systems under a bill signed by Gov. Gavin Newsom.
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July 29, 2025
Turnbridge Starts $200M Luxury NC Residential Tower Project
Turnbridge Equities has begun clearing a project site to prepare the construction of a new $200 million 37-story, roughly 300-unit luxury residential tower in downtown Raleigh, North Carolina, after securing $147 million worth of construction financing, the real estate investment and development firm has announced.
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July 29, 2025
Canyon Partners Provides $106M Refi For Chicago Property
Canyon Partners Real Estate LLC provided a $106.3 million senior refinancing loan for The Saint Grand, a 21-story, 248-unit mixed-use multifamily property in downtown Chicago, the company announced.
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July 29, 2025
Prosecutors Sue Wis. Landlord For Tenant Sexual Harassment
Federal prosecutors accused a Green Bay, Wisconsin, landlord of violating the Fair Housing Act by sexually harassing a tenant, entering her home without permission and evicting her without explanation, based on a U.S. Department of Housing and Urban Development probe.
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July 28, 2025
Rocket Cos. Investor Ends Fraud Suit After Class Cert. Denial
A pension fund that had previously attempted to lead a suit in Michigan federal court against Rocket Companies Inc. has agreed to drop all its claims in the shareholder litigation accusing the mortgage business of concealing a downturn in loan volume.
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July 28, 2025
Redfin Settles Patent Claims After Being Cleared At Trial
Real estate brokerage firm Redfin and its supplier Matterport Inc. each have reached a settlement with Surefield — the new company of Redfin's former CEO — to end a patent infringement case in which Redfin was cleared of a $66 million damages request by a Texas federal jury and to resolve Matterport's declaratory judgment action in Washington.
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July 28, 2025
Dorm Operator Says There's No Need To Move Ch. 11 To Ga.
The company that runs dormitory facilities at campuses in Georgia's public university system Monday told a Delaware bankruptcy judge to reject a motion to move its Chapter 11 case to Georgia, saying there's no need to change venue.
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July 28, 2025
Co-Owner Of Georgia Aparments Files Ch. 11 With $25M Debt
MMRE Management-Patriot Place LLC — the minority owner of an apartment complex in Georgia — has sought Chapter 11 protection in a New York bankruptcy court, saying it purchased the property at an inflated price and the apartments have faced mismanagement and foreclosure.
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July 28, 2025
NYC Mayor Unveils Queens Airport-To-Housing Plan
A former Queens airport will be converted into a development with 3,000 homes and 60 public acres under a proposal that's expected to create $3.2 billion worth of business over the next three decades, the New York City Mayor's Office announced Monday.
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July 28, 2025
NYC Real Estate Week In Review
Goodwin and Perkins Coie are among various law firms that landed work on the largest New York City real estate deals that hit public records last week, a period that saw a trio of nine-figure deals become public.
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July 28, 2025
Homeowners, Chubb Settle Water Damage Suit Ahead Of Trial
Illinois homeowners and a Chubb unit agreed to end their dispute over coverage for damage caused by a burst water pipe during an extreme temperature drop, weeks after an Illinois federal court cleared the case for trial, according to a court filing.
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July 28, 2025
Goodwin Guides $243M NYC Apartment Building Buy
A Barings entity has sold off a luxury apartment building in New York City's Hell's Kitchen neighborhood to a JP Morgan Investment Management Inc. entity for $243.5 million, in a deal advised by Goodwin Procter LLP, according to official property records.
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July 28, 2025
Texas Resolution Seeks Vote On Lower Property Value Limits
Texas would ask voters if the state should amend its constitution to authorize lower limits on the maximum appraised value of residence homesteads and of real property other than homesteads for tax purposes under a joint resolution filed in the state House of Representatives during a special session.
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July 28, 2025
Fair Housing Groups Win Thaw Of HUD Grant Program Freeze
A Washington, D.C., federal judge on Monday ordered the U.S. Department of Housing and Urban Development to unlock a grant program meant to help nonprofits enforce housing laws after two groups in a purported class complained that the Trump administration abruptly froze the funding.
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July 25, 2025
Pullman & Comley Didn't Flag 'Falsified' $16M Loan, Suit Says
Pullman & Comley LLC didn't discover that the executive director of a Connecticut municipal housing authority had allegedly forged a connected company's $16.2 million loan application before penning a letter claiming the deal appeared solid, the lender, who was not a client, has alleged in a lawsuit.
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July 25, 2025
NY Court Sides With Junior Investors In RMBS Trust Dispute
A New York state court resolved a dispute between bondholders in 34 residential mortgage-backed securities trusts about how to handle repayment of principal amounts deferred during the 2008 financial crisis, siding with junior bondholders after a 17-day bench trial.
Expert Analysis
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NY Shouldn't Pair 421-a Restoration And Good Cause Eviction
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.
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Setting The Stage For High Court BofA Escrow Interest Case
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.
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DC's Housing Tax Break Proposal: What's In It, What's Missing
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.
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Assessing The Future Of Colorado's Economic Loss Rule
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.
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How Recent Laws Affect Foreign Purchase Of US Real Estate
Early diligence is imperative for U.S. real estate transactions involving foreign actors, including analysis of federal and state foreign investment laws implicated by the transaction, depending on the property's nature and location, the parties' citizenship, and the transaction's structure, say Massimo D’Angelo and Anthony Rapa at Blank Rome.
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What Shareholder Approval Rule Changes Mean For Cos.
The U.S. Securities and Exchange Commission recently approved proposed rule changes to shareholder requirements by the New York Stock Exchange, an approval that will benefit listed companies in many ways, including by making it easier to raise capital from passive investors, say attorneys at Baker Botts.
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High Court Case Could Reshape Local Development Fees
If last month's oral arguments are any indication of how the U.S. Supreme Court will rule in Sheetz v. County of El Dorado, it's unlikely the justices will hold that the essential nexus and rough proportionality tests under the cases of Nollan, Dolan and Koontz apply to legislative exactions, but a sweeping decision would still be the natural progression in the line of cases giving property owners takings claims, says Phillip Babich at Reed Smith.
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White Collar Plea Deals Are Rarely 'Knowing' And 'Voluntary'
Because prosecutors are not required to disclose exculpatory evidence during plea negotiations, white collar defendants often enter into plea deals that don’t meet the U.S. Supreme Court’s “knowing” and “voluntary” standard for trials — but individual courts and solutions judges could rectify the issue, says Sara Kropf at Kropf Moseley.
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How 2 ĂŰĚŇĘÓƵ Advisory Opinions Affect Reporting Agencies
The Consumer Financial Protection Bureau issued two advisory opinions last month that demonstrate a continued commitment to address inaccuracies in background check reports and consumer file disclosures through broad interpretation of the Fair Credit Reporting Act, expanding on a coordinated federal agency effort, say attorneys at Cooley.
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Algorithmic Pricing Programs Caught In Antitrust Crosshairs
The Justice Department's investigation into software company RealPage follows a host of federal antitrust cases alleging that property owners and casino hotel operators use the same proprietary software programs to fix and maintain pricing, which means algorithmic pricing programs are considered a key price-fixing tool in the digital age, say attorneys at Ballard Spahr.
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A Welcome Turning Of The Page For Residential Real Estate
After one of the most challenging years on record for residential real estate, 2024 will likely be a time of transition to a stabler business climate, as sellers lose some of their excess bargaining power and the pace of sales picks up, says Marty Green at Polunsky Beitel.
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Strict Duty To Indemnify Ruling Bucks Recent Trend
A South Carolina federal court's recent decision that it lacked subject matter jurisdiction to decide an insurer's duty to indemnify prior to the finding of insured liability sharply diverges from the more nuanced or multipronged standards established by multiple circuit courts, says Richard Mason at MasonADR.
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Ill. Insurance Ruling Helps Developers, Community Orgs. Alike
The Illinois Supreme Court's decision in Acuity v. M/I Homes of Chicago, holding that commercial general liability policy exceptions did not prevent coverage for damage caused by faulty workmanship, will bring more potential insurance coverage for real estate developers and, in turn, larger payouts when community organizations sue them, say Howard Dakoff and Suzanne Karbarz Rovner at Levenfeld Pearlstein.