Residential
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September 26, 2025
NYCHA Lands $706M Financing For Repairs At 18 Towers
New York City's Housing Authority announced that it has closed on a combined $705.7 million in financing for renovations for 18 Manhattan and Brooklyn buildings, funding unlocked via the properties' conversion to Section 8 units under a federal program.
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September 26, 2025
Mass. Tax Board Cuts $1M Home Value To Sale Price
A Massachusetts home valued at $1 million by a county assessor should have the value lowered to the price the home sold for, the state Appellate Tax Board ruled.Â
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September 26, 2025
11th Circ. Told $33M Easement Deduction Improperly Cut
The U.S. Tax Court ignored evidence of land values that the IRS had failed to rebut — or even backed — when it drastically reduced a partnership's $33 million tax deduction for donating a Georgia conservation easement, the partnership told the Eleventh Circuit.
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September 26, 2025
Fried Frank Helping With Extell's Upsized Manhattan Tower
Extell Development is seeking to build a much taller tower on Madison Avenue in Manhattan than it had previously envisioned in a project guided by Fried Frank, according to recent filings in New York.
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September 26, 2025
Mass. Board Won't Lower Boston Home's Tax Value
A Boston homeowner showed insufficient evidence to lower her property's assessed value, the Massachusetts Appellate Tax Board said, dismissing her claim that the assessment had increased at a higher rate than those of neighboring properties.
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September 25, 2025
Roundup: Insurance Highlights At Climate Week NYC 2025
Politicians and business leaders at this year’s Climate Week in New York City are emphasizing that climate change is posing huge challenges for people struggling with high insurance premiums, but opportunity still exists for the industry in a green transition. Here, Law360 looks at just a few of the happenings this year at the weeklong conference.
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September 25, 2025
Walker & Dunlop Secures $156M Refi For Multifamily Portfolio
Walker & Dunlop Inc. lined up five deals that provided more than $156 million of refinancing for a four-property, 1,351-unit multifamily portfolio located in the Southeastern part of the U.S. and Texas, the commercial real estate finance and advisory services firm announced.
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September 25, 2025
Housing Authority Targets Ex-Chief's Home In $3.1M Suit
A Connecticut municipal housing authority that is embroiled in litigation with its former executive director has asked a state court judge to make him pledge his Middlebury home to satisfy a potential multimillion-dollar judgment against him.
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September 25, 2025
Property Manager Didn't Pay For Meal Break Work, Suit Claims
Leasing agents and maintenance technicians, in a proposed collective and class action filed on Thursday, have accused a property management company of making them work during unpaid meal breaks, while not keeping track of this time and refusing to pay overtime.Â
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September 25, 2025
Calif. City Asks Justices To Reboot Housing Law Challenge
The city of Huntington Beach, California, has urged the U.S. Supreme Court to revive its claims challenging state laws that require the city to build enough housing to keep up with population growth, arguing an appeals panel wrongly found the city can't bring a federal constitutional challenge against its parent state.
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September 25, 2025
Holland & Knight Launches Real Estate Dispute Team
Holland & Knight LLP announced it has formed a new real estate disputes and advocacy team, noting the group will provide counsel to clients on lease litigation matters, complex contract claims and other commercial property disputes.
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September 24, 2025
Tower Developer Linked To Menendez Ally Wants Suit Tossed
The developer behind a disputed high-rise project — once led by a businessman convicted in the bribery scheme involving former U.S. Sen. Robert Menendez — is asking a New Jersey judge to dismiss a lawsuit brought by a neighboring municipality, arguing the case is incurably flawed.
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September 24, 2025
NY AG Scores 1st Conviction Under Revised Home Equity Law
A former real estate agent in Rockland County, New York, has pled guilty to forgery and become the first person criminally convicted under updates to a state law protecting homeowners whose properties are in foreclosure, New York Attorney General Letitia James announced on Wednesday.
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September 24, 2025
Walker & Dunlop Lines Up $110M Multifamily Refi Loans
Walker & Dunlop Inc. lined up floating-rate, interest-only bridge loans worth $110 million to refinance two "luxury, multifamily garden-style" apartment complexes in Durham, North Carolina, and Windsor, Colorado, the commercial real estate finance and advisory firm announced Wednesday.
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September 24, 2025
Minn. Court Says Landlords Waive Evictions By Taking Rent
The Minnesota Supreme Court said Wednesday that landlords in the state can't evict public or private housing tenants for breaching their leases if the landlords knew about the specific lease violations when they accepted the tenants' rent payments, ruling against a Minneapolis property owner that had filed an eviction suit against a tenant.
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September 24, 2025
Ill. Judge Sends $7.6M DOJ Deal Coverage Dispute To Virginia
A consulting firm must litigate its suit seeking coverage for a $7.6 million settlement with the U.S. Department of Justice in Virginia, where it is based, an Illinois federal court ruled, finding that Virginia is the more convenient forum and the better place to apply state law.
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September 24, 2025
Md. County Backs Landowners In 4th Circ. Power Line Dispute
A county board of commissioners in Maryland told the Fourth Circuit that a Public Service Energy Group unit trying to build a 67-mile transmission line has no right to conduct testing on private landowners' properties, saying a lower court erred in granting the company access.
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September 24, 2025
NYC Housing Bribe Case Winding Down As Another Trial Set
A Manhattan federal judge on Wednesday teed up a trial for a Bronx assistant public housing superintendent accused of taking $14,000 in bribes, as an anti-corruption sweep targeting 70 workers at the New York City Housing Authority inched toward an end.
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September 24, 2025
AvalonBay Can't Duck DC's RealPage Claims
A District of Columbia Superior Court judge has rejected landlord AvalonBay Communities Inc.'s bid to escape D.C.'s rent-fixing antitrust suit against property management software company RealPage Inc., AvalonBay and several landlords.
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September 24, 2025
Marsh US Real Estate Leader On Insurance Landscape
Commercial real estate companies, squeezed by higher interest rates in recent years, have also seen a dramatic increase in insurance premiums. Duncan C. Ellis, who leads Marsh's U.S. and Canada real estate and hospitality practice, spoke to Law360 Real Estate Authority about what's behind the trends in commercial real estate insurance.
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September 24, 2025
Lender Must Face Class Claims It Ignored 'Do Not Call' Asks
A mortgage lender must face class allegations that it called people without their consent to market its loan products and continued to call people who asked it to stop, a Michigan federal judge has ruled, rejecting the lender's arguments that the proposed class is too vague.
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September 24, 2025
Ohio House Bill Seeks Approval Rule For Some Property Tax
Ohio would require some political subdivisions to obtain approval from their member governing bodies before imposing property tax above a statutory limit under a bill introduced in the state House of Representatives.
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September 23, 2025
Centerspace Sells Five Minn. Properties For $124M
Centerspace sold off five St. Cloud, Minnesota, apartment communities that have 832 homes combined for $124 million, the company announced Tuesday.
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September 23, 2025
Invictus, Moore Capital Partner On Resi Mortgage Investments
Invictus Capital Partners and Moore Capital Management LP will team up for a deal that involves a Moore Capital private asset-backed finance platform providing up to $500 million for "newly originated residential mortgage loans,"Â according to a Tuesday announcement.
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September 23, 2025
Cleary Guides $138M Loan For Queens Multifamily Build
Cleary Gottlieb Steen & Hamilton LLP advised on a $138 million loan for a recently completed Queens multifamily property developed by real estate firms Cantor Fitzgerald and Silverstein Properties, according to documents made public Tuesday.
Expert Analysis
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What Developers Can Glean From Miami Condo Ruling
A Florida state appeals court's recent denial of a Miami condo redevelopment bid offers a detailed blueprint of what future developers must address when they evaluate the condominium's governing declaration and seek to terminate a condominium, say attorneys at Shubin Law.
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6 Questions We Should Ask About The Trump Trade Deals
Whenever the text becomes available, certain questions will help determine whether the Trump administration’s trade deals with U.S. trading partners have been crafted to form durable economic relationships, or ephemeral ties likely to break upon interpretive disagreement or a change in political will, says Ted Posner at Baker Botts.
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CEQA Reform May Spur More Housing, But Devil Is In Details
A recently enacted law reforming the California Environmental Quality Act has been touted by state leaders as a fix for the state's housing crisis — but provisions including a new theoretically optional traffic mitigation fee could offset any potential benefits, says attorney David Smith.
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Wells Fargo Suit Shows Consumer Protection Limits In Mass.
The Massachusetts Appeals Court's May decision in Wells Fargo Bank v. Coulsey underscores that consumer rights are balanced against the need for closure, and even the broad protections of state consumer protection law will not open the door to relitigating the same claims, say attorneys at Greenberg Traurig.
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What Calif. Insurance Ruling Means For Smoke Damage Limits
As California continues to grapple with an increasing number of wildfire claims, a state court's recent Aliff v. California FAIR Plan decision serves as a clear directive to insurers that policy language that narrows the scope of fire coverage below the California Insurance Code's minimum standards is impermissible, say attorneys at Wood Smith.
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The Metamorphosis Of The Major Questions Doctrine
The so-called major questions doctrine arose as a counterweight to Chevron deference over the past few decades, but invocations of the doctrine have persisted in the year since Chevron was overturned, suggesting it still has a role to play in reining in agency overreach, say attorneys at Crowell & Moring.
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What 9th Circ. Ruling Shows About Rebutting SEC Comments
The Ninth Circuit's June opinion in Pino v. Cardone Capital suggests that a company's lack of pushback to a U.S. Securities and Exchange Commission comment may be evidence of its state of mind for evaluating potential liability, meaning companies should consider including additional disclosure in SEC response letters, say attorneys at Barnes & Thornburg.
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2 NY Cases May Clarify Foreclosure Law Retroactivity
Two pending cases may soon provide the long-awaited resolution to the question of whether retroactive application of the New York Foreclosure Abuse Prevention Act violates the state Constitution, providing a guide for New York courts inundated with motions in foreclosure and quiet title actions, says Fernando Rivera Maissonet at Hinshaw & Culbertson.
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Yacht Broker Case Highlights Industry Groups' Antitrust Risk
The Eleventh Circuit recently revived class claims against the International Yacht Brokers Association, signaling that commission-driven industries beyond real estate are vulnerable to antitrust challenges after the National Association of Realtors settled similar allegations last year, says Miles Santiago at the Southern University Law Center and Alex Hebert at Southern Compass.
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A Look At Trump Admin's Shifting Strategies To Curtail ÃÛÌÒÊÓÆµ
The Trump administration has so far carried out its goal of minimizing the Consumer Financial Protection Bureau's authority and footprint via an individualized approach comprising rule rollbacks, litigation moves and administrative tools, say attorneys at Holland & Knight.
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How Trump Admin Treasury Policies Are Reaching Banks
The Treasury Department has emerged as an important facilitator of the Trump administration's financial policies affecting banks, which are now facing deregulation domestically and the use of international economic authorities in cross-border trade and investment, say attorneys at Davis Polk.
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Rocket Mortgage Appeal May Push Justices To Curb Classes
Should the U.S. Supreme Court agree to hear Alig v. Rocket Mortgage, the resulting decision could limit class sizes based on commonality under Rule 23 of the Federal Rules of Evidence as opposed to standing under Article III of the U.S. Constitution, say attorneys at Carr Maloney.
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Fla. Condo Law Fix Clarifies Control Of Common Areas
Florida's repeal of a controversial statutory provision that permitted developers of mixed-use condominium properties to retroactively assert control over common facilities marks a critical shift in legal protections for unit owners and associations, promoting fairness, transparency and accountability, say attorneys at Pardo Jackson.