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Residential

  • April 29, 2025

    Welltower Reports $6.2B In Q1 Deals, Surpassing 2024 Results

    Executives of healthcare real estate investment trust Welltower on Tuesday touted the company's work closing more acquisitions during this year's first quarter than it did in all of 2024, ahead of expected economic uncertainty in the year ahead.

  • April 29, 2025

    PMG Lands $413M Construction Loan For Miami Towers

    Developer PMG obtained a $413 million construction loan for the developer's luxury, mixed-use One Twenty Brickell Residences project in Miami in a deal guided by PMG's in-house counsel, Kramer Levin Naftalis & Frankel LLP, Saul Ewing LLP, Bilzin Sumberg Baena Price & Axelrod LLP, Greenberg Trager & Herbst LLP and Milbank LLP, a representative for PMG told Law360 on Tuesday.

  • April 28, 2025

    Miami Condo Fire Victims Win Class Certification

    A Florida state court judge certified a class of more than 140 Miami residents displaced in a condominium fire in a lawsuit alleging the structure was not safely maintained, ruling that the case will proceed more efficiently and that will also financially benefit the individual plaintiffs.

  • April 28, 2025

    Compass Calls Wash. Listing Service Rules Anticompetitive

    Compass told a Washington federal court that Northwest Multiple Listing Service and its broker-led board of directors have stifled competition, thwarting a product that allows home sellers to test home sales privately before registering them with the multiple listing service.

  • April 28, 2025

    Greystone Lends $41M For Minn. Nursing Homes Buy

    Greystone provided a $41 million interest-only, nonrecourse bridge loan for Oxford Capital Group LLC's acquisition of six Minnesota assisted living facilities that have a total of 372 beds, Greystone announced Monday.

  • April 28, 2025

    Miami Developer Sues To Find Source Of Smear Campaign

    Prominent Miami developer Michael Stern filed suit Friday in Florida state court against a John Doe who he claims is engaging in a coordinated smear campaign, spreading false information about Stern and his development company.

  • April 28, 2025

    NYC Real Estate Week In Review

    Simpson Thacher and Goulston & Storrs are among the law firms that guided the largest New York City real estate deals to hit public records last week, with a pair of Brooklyn matters topping the list.

  • April 28, 2025

    NYC Urges Dismissal Of Suit Over Tenant Broker Fee Ban

    New York City defended a law approved last year banning landlords from passing on broker fees to tenants, in an attempt to toss a federal lawsuit from a group of broker interests claiming the policy is preempted by state law and barred on constitutional grounds.

  • April 28, 2025

    Latham Advises REIT's $340M Stock Offering

    Retail-focused real estate investment trust Agree Realty Corp. signed a forward sale agreement in which the REIT made a more than $340 million public offering of 4.5 million shares of its common stock for the price of $75.70 apiece, in a deal guided by Latham & Watkins LLP, the law firm announced.

  • April 28, 2025

    2nd Circ. Backs Guilty Verdict In NYC Murder-For-Hire Case

    The Second Circuit on Monday affirmed the convictions and life sentences of a New York City developer and another man for plotting the murder of a former employee who they claimed had poached workers and clients to launch his own real estate business.

  • April 28, 2025

    High Court Skips Review Of Investors' Eminent Domain Case

    The U.S. Supreme Court refused Monday to review a case from a pair of real estate investors who sought more compensation from a New York transportation authority that used eminent domain to take their renovated residential property.

  • April 28, 2025

    Md. Expands Tax Break For Biz-Owned Child Care Property

    Maryland expanded eligibility for a property tax credit for Anne Arundel County businesses that dedicate a portion of their property to child care services under a bill signed by the governor.

  • April 25, 2025

    SEC Accuses Ex-Fla. Real Estate Co. CFO Of $93M Scheme

    The U.S. Securities and Exchange Commission on Friday sued the former chief financial officer of a Miami real estate development company for his role in orchestrating an alleged scheme that swindled approximately $93 million from investors.

  • April 25, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Tupperware looked for permission to end healthcare reimbursements for roughly 230 employees; Heritage Coal's owners asked a Delaware bankruptcy judge to allow the company to complete a permit transfer as part of a pre-Chapter 11 sale; and Film Finance Inc., behind productions including "Everything Everywhere All At Once," sought to have its Chapter 11 case dismissed. Here are some of the bankruptcy stories you may have missed last week.

  • April 25, 2025

    Fried Frank Guides $350M Starwood Refi On FiDi Tower

    Fried Frank Harris Shriver & Jacobson LLP advised a $350 million refinancing provided by Starwood Property Trust for Manhattan's 125 Greenwich supertall luxury condo tower.

  • April 25, 2025

    Fox Rothschild Hires Condo, Co-Op, HOA Adviser In NY

    Fox Rothschild LLP announced Friday that it has added an attorney with experiencing advising condominium and cooperative boards, along with homeowners' associations, to its New York real estate department.

  • April 25, 2025

    Ga. HOA Not Covered In $10M Dog Attack Suit, Insurer Says

    An insurer told a Georgia federal court that it doesn't owe coverage to a homeowner's association in a $10 million suit brought by a woman who said she was viciously attacked by her neighbor's dogs in part because of the association's failure to enforce its covenant on animals.

  • April 25, 2025

    NJ Towns Challenge State Affordable Housing Framework

    A coalition of nearly two dozen New Jersey municipalities has filed suit against state officials, arguing a provision of the state's affordable housing framework unfairly places all responsibility for building such housing on non-urban municipalities.

  • April 25, 2025

    Manufactured Home Finance Biz Faces New 'Risky Loan' Suit

    After the Consumer Financial Protection Bureau walked away from a similar case earlier this year, a proposed class action in Tennessee federal court accuses a Berkshire Hathaway-owned company of signing up customers for loans they couldn't afford for manufactured homes typically built and sold by an affiliate.

  • April 24, 2025

    Pinnacle CEO Must Arbitrate Fee Dispute With Gibson Dunn

    A New York appeals court affirmed Thursday that multifamily landlord Pinnacle Group NY LLC and CEO Joel Wiener must arbitrate a dispute with Gibson Dunn & Crutcher LLP over a $1.75 million outstanding bill for legal fees, despite being nonsignatories to the arbitration agreement.

  • April 24, 2025

    Md. Extends Tax Exemption To All Housing Agency Nonprofits

    Maryland expanded a tax exemption for property owned by nonprofit entities created by public housing authorities in certain jurisdictions to include all such entities in the state under a bill signed by the governor.

  • April 24, 2025

    Multifamily Muddles Through Tariff Uncertainty, Yardi Finds

    Yardi Matrix increased its forecast of new multifamily housing supply for the next three years despite President Donald Trump's tariffs creating what it called "greater-than-normal uncertainty" in the long term, the commercial real estate research firm said Thursday in its second-quarter report.

  • April 24, 2025

    NY AG Says Housing Fraud Claim Is 'Retribution' By Trump

    New York Attorney General Letitia James on Thursday pushed back on claims by a federal housing official that she committed mortgage fraud, with her counsel branding it "the latest act of improper political retribution" directed by President Donald Trump after James' office secured a nearly half-billion dollar civil fraud judgment against him.

  • April 24, 2025

    Md. Authorizes Property Tax Breaks For Affordable Housing

    Maryland authorized county governments to exempt real property used for rental housing from local property taxes if the owner maintains a portion of the property as affordable housing and enters a payment-in-lieu-of-taxes agreement under legislation signed by the governor.

  • April 24, 2025

    Md. Expands Property Tax Breaks For Child Care Facilities

    Maryland expanded a property tax exemption to large family child care homes and increased its maximum annual property tax credit amount for child care facilities under bills signed by the governor.

Expert Analysis

  • 7th Circ Joins Trend Of No CGL Coverage For Structural Flaws

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    The Seventh Circuit, which recently held potential structural instability did not count as property damage under a construction company's commercial general liability policy, joins a growing consensus that faulty work does not implicate coverage without tangible and present damage to the project, say Sarah Abrams at Baleen Specialty, and Elan Kandel and James Talbert at Bailey Cavalieri.

  • In The ÃÛÌÒÊÓÆµ Playbook: Making Good On Bold Promises

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    The U.S. Supreme Court's decision upholding the Consumer Financial Protection Bureau's funding structure in the second quarter cleared the way for the bureau to resume a number of high-priority initiatives, and it appears poised to charge ahead in working toward its aggressive preelection agenda, say Andrew Arculin and Paula Vigo Marqués at Blank Rome.

  • FBI Raid Signals Growing Criminal Enforcement Of Algorithms

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    The U.S. Department of Justice Antitrust Division's increased willingness to pursue the use of algorithmic pricing as a potential criminal violation means that companies need to understand the software solutions they employ and stay abreast of antitrust best practices when contracting with providers, say attorneys at Rule Garza.

  • State Licensing Pitfalls Mortgage Servicers Must Beware

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    A recent enforcement action from the Washington Department of Financial Institutions demonstrates how subtle distinctions in state mortgage servicer licensing laws may come as a surprise to some companies, even if they never directly receive payments or interact with borrowers, says Clayton Swears at Hudson Cook.

  • Keys To Strong Parking, Storage Contracts For NYC Buildings

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    Drafting and enforcing unambiguous parking and storage unit license agreements are essential tasks for co-op and condo boards in New York City, with recent cases highlighting how prudent terms can minimize potential headaches, say Matthew Eiben and Adam Lindenbaum at Rosenberg & Estis.

  • 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.