NYC Extends Deadline For Pied-À-Terre Tax Exemptions
New York City Mayor Zohran Mamdani has extended the deadline for applying for exemptions from a "pied-à-terre" tax on second NYC homes that the city values at $1 million or more, setting the new deadline as Sept. 18.
Real Estate Co. Floats December Ch. 11 Auction Of Fla. Apts.
Property investment group Lurin LLC has asked a Texas bankruptcy judge to approve bidding procedures for a St. Petersburg, Florida-based apartment complex, with a lender's $118.6 million credit bid setting the auction floor.
Rare 3 Dissents In Fed Decision: Real Estate Lawyers Weigh In
The Federal Reserve on Wednesday unsurprisingly held interest rates steady, but in a rare twist, three members dissented, and real estate lawyers say keeping rates unchanged is a victory for the sector.
Fla. Homestead Exemption Ballot Question Must Be Changed
The Florida attorney general has 10 days to submit a revised title and summary for a ballot question that proposes boosting the state's homestead tax exemption, after a state judge found the current language m... (more story)
DOJ, Rocket Mortgage See 'Reasonable' Chance To Settle
The U.S. Department of Justice has asked a Colorado federal court to pause deadlines in its appraisal discrimination case against Rocket Mortgage LLC, saying both sides agree there's a "reasonable prospect" fo... (more story)
Feds Lose Bid To End Redlining Order For Lakeland Bank
A New Jersey federal judge has declined to sign off on the conclusion of a $13 million redlining deal between Lakeland Bank and the U.S. Department of Justice, ruling that the bank's existing compliance with t... (more story)
NYC Real Estate Week In Review
Sullivan & Cromwell and Tarter Krinsky are among the law firms that steered the largest New York City real estate deals that became public last week, with a pair of nine-figure trades in Manhattan topping the list.