Uptick In Lender Guarantor Claims Shapes New Deals
Real estate litigators in New York City are seeing lenders bring more lawsuits against loan guarantors, arguing they have run afoul of provisions largely meant as a liability shield. Transaction attorneys are taking cues from lenders' efforts to draft more specific guarantee provisions, or alternatives to judicial foreclosure, in new loans.
Hochul, Mamdani Pitch Tax On 2nd Homes In NYC
New York Gov. Kathy Hochul and New York City Mayor Zohran Mamdani announced a proposal Wednesday for a pied-à-terre tax on second homes in the city valued at $5 million or more as state lawmakers hammer out a budget.
S. Florida Confronts A True Ripple Effect In Real Estate Crush
Much attention has focused on how the migration of wealth to South Florida has driven up real estate values and spurred construction, especially at the highest reaches of the residential market, but the impact also extends beyond dry land.
Uptick In Lender Guarantor Claims Shapes New Deals
Real estate litigators in New York City are seeing lenders bring more lawsuits against loan guarantors, arguing they have run afoul of provisions largely meant as a liability shield. Transaction attorneys are taking cues from lenders' efforts to draft more specific guarantee provisions, or alternatives to judicial foreclosure, in new loans.
Hochul, Mamdani Pitch Tax On 2nd Homes In NYC
New York Gov. Kathy Hochul and New York City Mayor Zohran Mamdani announced a proposal Wednesday for a pied-à-terre tax on second homes in the city valued at $5 million or more as state lawmakers hammer out a budget.
S. Florida Confronts A True Ripple Effect In Real Estate Crush
Much attention has focused on how the migration of wealth to South Florida has driven up real estate values and spurred construction, especially at the highest reaches of the residential market, but the impact also extends beyond dry land.
Expert Analysis
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Commercial More
The CEO and former chief financial officer of a real estate fund manager agreed to settle SEC allegations that they misused millions from a fund they controlled, including by doling out over $15 million to inv... (more story)
AI-native law firm Norm Law LLP has hired Sidley Austin's former global head of real estate to lead its real estate practice as a partner, the firm announced Tuesday.
A whistleblower lawsuit unsealed this week in New York state Supreme Court accused Wells Fargo of inflating income of underlying properties across numerous commercial mortgage-backed securities loans it pooled... (more story)
An Oregon federal judge on Tuesday allowed two environmental groups to intervene as plaintiffs in a consolidated suit filed by the state and one of its cities, which are challenging a proposed federal immigran... (more story)
A Washington state appeals court declined to revive a hotel trade group's class action seeking tax relief over the governor's COVID-19 emergency declaration in 2020, ruling Monday that the pandemic doesn't qua... (more story)
A shareholder for Two Harbors Investment Corp. filed a lawsuit in Illinois federal court Friday asking a judge to block the real estate investment trust's merger with mortgage lender CrossCountry.
The official committee of unsecured creditors in the Chapter 11 cases of entities tied to the former Hudson Hotel objected Saturday to the debtors' request to increase its postpetition financing from $32 milli... (more story)
Residential More
Florida's Office of the Attorney General has asked a state court for permission to file an amicus brief supporting developer Bal Harbour Shops LLC's suit against a municipality that rejected the developer's ap... (more story)
An attorney for the Federal Housing Finance Agency told the D.C. Circuit on Tuesday that the agency had clear authority to act in its own interest as conservator for Fannie Mae and Freddie Mac in the wake of t... (more story)
A bipartisan coalition of 26 state attorneys general led by New Jersey and Colorado are calling on the Federal Trade Commission to adopt a requirement that residential landlords clearly disclose all costs to t... (more story)
California has accused a southern city in the state of failing to conduct further environmental review after Native American remains were discovered at a luxury home development site, saying the city improperl... (more story)
Hilltop Residential announced Tuesday that it has closed its latest fund after securing $288 million in commitments for multifamily acquisitions in growth markets, noting that it has already acquired nine asse... (more story)
A Florida condominium association urged a state appellate court Tuesday to reverse a decision certifying a class of individuals displaced by a Miami structure fire, arguing the group of residents allegedly aff... (more story)
The condo association of a Manhattan hotel and residential tower can stay in Subchapter V bankruptcy for now, after a New York bankruptcy judge requested additional briefing and ordered the debtor to restore p... (more story)