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Residential

  • June 20, 2025

    WC Smith Lands $106M For DC Multifamily High-Rise

    Developer WC Smith has secured $106.3 million in financing for a 334-unit, 11-story apartment building in Washington, D.C.'s Capitol Riverfront neighborhood, according to an announcement by borrower-side broker Walker & Dunlop.

  • June 20, 2025

    REIT Wants Mo. Justices To Review City Tax On Rental Income

    Rental income from property owned by healthcare real estate investment trust Ventas Inc. should not be taxed by Kansas City, Missouri, as income from business activity, the company said, seeking review of the case by the state supreme court.

  • June 20, 2025

    Oak Row Lands $210.5M In Loans For Miami Tower Project

    Oak Row Equities borrowed $210.5 million worth of construction loans for its luxury multifamily tower project in Miami that's going to start construction "immediately" and has a fourth-quarter 2027 delivery date, the real estate private equity firm and developer announced Friday.

  • June 18, 2025

    State Farm Likely To Face 200K Calif. Homeowner Class

    A California federal judge indicated Wednesday that he'll likely certify a class of nearly 200,000 homeowners in litigation alleging that State Farm underpays property insurance claims by depreciating sales tax when calculating replacement costs, saying a common issue predominates and noting he'd sided with plaintiffs in a similar 2017 case.

  • June 18, 2025

    Attorneys Say Look Before Leaping Back Into Senior Housing

    Attorneys advising on senior housing deals are seeing more interest from investors and developers, due to demographic trends and the post-pandemic recovery, but emphasize the unique legal considerations of a sector that straddles healthcare and real estate.

  • June 18, 2025

    NY High Court Stands By Kingston Rent Stabilization Opt-In

    New York's highest court on Wednesday affirmed the city of Kingston's decision to opt in to rent stabilization, confirming the standard for municipal vacancy surveys underpinning such decisions while stopping short of ruling on Kingston's historic decision to roll rents back by 15%.

  • June 18, 2025

    Phillips Lytle Forms Land Use, Permitting, Zoning Group

    Phillips Lytle LLP has created a team of 11 attorneys who will focus on land use, obtaining permits and zoning matters, the firm announced Tuesday.

  • June 18, 2025

    Colo. Judge Trims REIT's Antitrust MDL Coverage Dispute

    A Colorado federal court trimmed a real estate investment trust's suit seeking coverage for antitrust multidistrict litigation, saying the trust's statutory bad faith claim under Colorado law could not proceed because of a New York choice-of-law provision in its primary policy.

  • June 18, 2025

    PNC Closes $208M Affordable Housing Fund

    PNC Bank closed a low-income housing tax credits fund that will invest more than $208 million into developing and rehabilitating affordable housing in the U.S., the bank announced Wednesday.

  • June 18, 2025

    Ex-Yankee Scores $222K Jury Award In Moldy Mansion Trial

    A Connecticut federal jury on Wednesday awarded retired New York Yankees third baseman Joshua Donaldson more than $222,000 in a dispute with a former landlord he blamed for the presence of mold in a Greenwich mansion, and a judge is expected to double a substantial portion of that amount.

  • June 18, 2025

    Lender Registers $20M Win For Mobile Home Loans Suit

    A lender has registered in North Carolina district court its nearly $20 million victory in a Georgia federal suit accusing a manufactured homes company and its affiliates of defaulting on loans used to buy more than 600 manufactured homes.

  • June 18, 2025

    Mich. Housing Co-Op Suit On Hold After Disclosure Exemption

    A Michigan federal judge hit pause on a lawsuit from a group of housing cooperatives to escape requirements of the Corporate Transparency Act after the Financial Crimes Enforcement Network said it would give U.S.-based entities a break from the rules.

  • June 18, 2025

    Dentons Global Hospitality Leader Sees Underwriting Caution

    As President Donald Trump's trade war continues, lenders are increasingly exercising caution in underwriting deals for hotels, particularly in areas that depend on a steady influx of international travel, Dentons' global hospitality leader told Law360 in a recent interview.

  • June 18, 2025

    Calif. Eyes Urban Infill Housing, Sidestepping CEQA Overhaul

    California state lawmakers faced with an ongoing housing crisis have backed a measure to boost new urban projects, even while avoiding other confrontations over a long-cited obstacle to housing construction.

  • June 18, 2025

    Okla. Apartments Not Subject To Property Tax Bump Transfer

    An Oklahoma apartment complex is not subject to the county's increased tax assessment that is allowed when a property's title is transferred just because the limited partnership that owns the complex changed ownership, the state Supreme Court ruled. 

  • June 17, 2025

    Ex-Yankee Makes Final Pitch To Jury In Moldy Mansion Suit

    A retired New York Yankees third baseman incurred hundreds of thousands of dollars in costs after he rented a Connecticut mansion that turned out to have a mold problem, and his landlord should pay up after failing to act quickly, his attorney told a federal jury in Hartford on Tuesday.

  • June 17, 2025

    Baker Tilly Hit With Investor Suit Over Failed LA Projects

    Two investors have sued accounting firm Baker Tilly US LLP, its subsidiary Squar Milner LLP, a Los Angeles developer and others in California state court, accusing them of deceiving the investors on a pair of real estate projects that ultimately failed.

  • June 17, 2025

    Florida Lawmakers Approve Ending Business Rent Tax

    Florida would eliminate its business rent tax and require a study on whether the state could eliminate or reduce residential property taxes under budget-related legislation the state Legislature approved.

  • June 17, 2025

    Ill. Increases Sports Betting, Tobacco Tax And Taxes Airbnbs

    Illinois increased its tax on sports betting and tobacco products and extended its tax on hotel operators to include short-term rentals like Airbnbs and Vrbos under a budget bill approved by the governor.

  • June 17, 2025

    Tax Court Slashes Conservation Easement Value By $11M

    The U.S. Tax Court on Tuesday lopped off nearly $11 million of the claimed value of a property donated as a conservation easement, saying the land's best use case would be for low-density residential housing, timber and recreation, not a vacation resort.

  • June 17, 2025

    NYC Real Estate Firm Founder Says Ex-Partner Ruined Firm

    The founding partner of a now-dissolved New York City boutique real estate firm is suing a former partner who he'd mentored for years, alleging he schemed to undermine the firm and orchestrate a client exodus that ultimately plunged the firm into financial ruin and forced it to dissolve.

  • June 17, 2025

    Construction Attorneys Brace For Impact Of Tariff Uncertainty

    With the industry's reliance on materials and tight project schedules, anyone involved in construction has to be keeping a close eye on developments in the current trade wars, lawyers in the field told Law360 Real Estate Authority.

  • June 16, 2025

    Fall FARA Trial Set For Ex-NY Gov. Aide As New Charges Loom

    A Brooklyn federal judge on Monday set a fall trial date for a former top aide to two New York governors over allegations that she secretly acted as an agent of China's government in the U.S., while prosecutors intend to bring new charges within weeks.

  • June 16, 2025

    PE, Investment Firms Provide $140M Loan For NJ Community

    Real estate private equity firm Madison Realty Capital and investment firm Pearlmark lined up a $140 million loan for real estate financier Procida Funding & Advisors so that a 507-unit community in Cherry Hill, New Jersey, can be completed, according to a Monday announcement.

  • June 16, 2025

    Woods Oviatt Guides Brookfield, KRE $125M Manhattan Refi

    KRE Group and Brookfield Properties secured a $125 million refinancing for a Manhattan multifamily property from Equitable Financial Life Insurance Co. of America in a deal guided by Woods Oviatt Gilman LLP.

Expert Analysis

  • Realtor Settlement May Create New Antitrust Pitfalls

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    Following a recent antitrust settlement between the National Association of Realtors and home sellers, practices are set to change and the increased competition may benefit both brokers and homebuyers, but the loss of the customary method of buyer broker compensation could lead to new antitrust concerns, says Colin Ahler at Snell & Wilmer.

  • What Fla. Ruling Means For Insurer Managed Repair Programs

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    A recent Florida state court ruling in Fraga v. Citizens Property Insurance, holding that the insurer could not seek to add additional terms in its managed repair program consent form, should promote clear written contract terms that clarify the relationship between insurers, policyholders and contractors, says Chip Merlin at Merlin Law Group.

  • Preparing For ÃÛÌÒÊÓÆµ 'Junk Fee' Push Into Mortgage Industry

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    As the Consumer Financial Protection Bureau considers expanding its "junk fee" initiative into mortgage closing costs, mortgage lenders and third parties must develop plans now that anticipate potential rulemaking or enforcement activity in this space, say attorneys at Morgan Lewis.

  • NC Banking Brief: All The Notable Legal Updates In Q2

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    After federal banking agencies last quarter released a supplemental final rule updating the Community Reinvestment Act, North Carolina banks involved in community development should consider how the new rule might open up opportunities for investment and services that can benefit underserved areas, says Adam Goldblatt at Michael Best.

  • What NYC's Green Fast Track Means For Affordable Housing

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    New York City's Green Fast Track for Housing initiative, which went into effect last month, aims to speed up the environmental review process for modest residential developments and could potentially pave the way for similar initiatives in other cities, say Vivien Krieger and Rachel Scall at Cozen O'Connor.

  • The Often Overlooked NY Foreclosure Notice Requirements

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    As multifamily real estate defaults mount, New York foreclosing parties should be aware of pitfalls and perils that can await the litigant who is not prepared to ensure adherence with tenant notice requirements under the Real Property Actions and Proceedings Law, say Christopher Gorman and John Muldoon at Rosenberg & Estis.

  • Zoning Reform May Alleviate The Affordable Housing Crisis

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    As America's affordable housing issues continue to worsen, zoning reform efforts can help to provide more affordable homes and mitigate racial and economic segregation, though opposition from residents and in courts could present challenges, say Evan Pritchard and Madeline Williams at Cozen O'Connor.

  • NJ Justices Clarify First-Party Indemnification Availability

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    In Boyle v. Huff, the New Jersey Supreme Court recently held that indemnification can be available in first-party claims, resolving an open question and setting up contracting parties for careful negotiations around indemnity clauses, says Todd Leon at Marshall Dennehey.

  • Fla. HOA Reforms Bring Major Wins For Homeowners

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    A recently signed law brings broad changes for homeowners associations in Florida, alleviating some pressure imposed by overly restrictive rules and potentially setting up litigation surrounding how HOAs enforce their governing documents, says Christopher Miller at Varnum.

  • Addressing Labor Shortages In The Construction Industry

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    As the construction industry's ongoing struggle with finding sufficient skilled workers continues, companies should consider a range of solutions including a commitment to in-house training and creative contracting protocols, say Brenda Radmacher and Allison Etkin at Akerman.

  • A Framework For Investigating Commercial Loan Fraud

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    As commercial loan transactions are increasingly subject to sophisticated fraud schemes, lenders must adopt dynamic strategies to detect, investigate and mitigate these schemes, say attorneys at Baker Donelson.

  • How NY Co-Ops Can Minimize Sale Rejections Based On Price

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    New York co-op sales are regularly rejected for being below undisclosed price minimums, and co-op boards should address this problem by sharing information more transparently and allowing some flexibility for below-market sales, say Pierre Debbas and Seth Feldman at Romer Debbas.

  • Money, Money, Money: Limiting White Collar Wealth Evidence

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    As courts increasingly recognize that allowing unfettered evidence of wealth could prejudice a jury against a defendant, white collar defense counsel should consider several avenues for excluding visual evidence of a lavish lifestyle at trial, says Jonathan Porter at Husch Blackwell.