Residential
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June 02, 2025
Rocket Cos. Board Beats Investor's $500M Insider Trading Suit
Delaware's Court of Chancery on Monday dismissed a derivative shareholder suit accusing Rocket Companies Inc.'s board, chairman and controlling stockholder of breaching their fiduciary duties by liquidating $500 million worth of stock allegedly based on material nonpublic information, saying the plaintiffs have failed to show a motive.
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June 02, 2025
Budget Bill Would Deepen Residential Solar's Woes
A Sunnova unit's bankruptcy declaration — the latest among dozens of solar companies that have struggled to stay afloat — adds to evidence of a floundering residential solar industry, which now faces further diminishing prospects under the federal budget reconciliation bill.
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June 02, 2025
Landlord To Quit Pricing Software To Escape Antitrust Suit
William C. Smith & Co. will be stepping out of litigation accusing the company of using property management platform RealPage to conspire with other landlords and fix the price of rentals in the D.C. area, after agreeing to reform its business practices and shell out over $1 million.
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June 02, 2025
Seattle Owner Questions Insurer's $8.5M Water Damage Denial
A Seattle building owner urged a Washington federal court to grant it a partial early win in a coverage dispute over $8.5 million in water damage, telling the court that under state law, none of the four exclusions its insurer cited when denying coverage are applicable to the water intrusion loss.
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June 02, 2025
Sacramento County Inks Encampment ADA Settlement
The county of Sacramento and a proposed class of residents with disabilities told a California federal court on Monday they have reached a tentative deal amid a suit alleging the city and county violated various state and federal laws by allowing homeless encampments to block sidewalks.
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June 02, 2025
Squire Patton Boggs Advises US Land Banking Partnership
Squire Patton Boggs LLP guided Walton Global on a partnership with GoldenTree Asset Management to make investments in lot banking transactions in high-growth U.S. markets.
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June 02, 2025
Tax Court Cuts $21M Off Former Ga. Quarry's Deduction Value
A donated 85-acre land plot in Georgia originally valued at nearly $22 million should have been valued around $193,000, the U.S. Tax Court found Monday, agreeing with the Internal Revenue Service.
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June 02, 2025
PG&E, Lenders Hit With Suit Over Solar Panel 'Scheme'
Pacific Gas & Electric Corp. and several other companies were accused in California federal court of running a "bait-and-switch" scheme in which they saddle homeowners with hidden fees after tricking them into financing solar panel installations through zero-interest loans.
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June 02, 2025
Insurer Not Liable For $8.5M Florida Condo Defect Damages
A Florida federal judge freed an insurer from paying any of the $8.5 million in damages connected to shoddy work at a Florida condo, finding there wasn't an allocation accounting for which claims were covered and which claims were not in an agreement between the condo and a contractor.
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June 02, 2025
Healthcare REIT Lands $94M In Mortgages For Senior Housing
Diversified Healthcare Trust announced Monday that it closed on two mortgages secured by six properties totaling $94.3 million, which it plans to use to pay down high interest rate senior notes due in June.
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June 02, 2025
McGuireWoods Guides Bronx Multifamily Portfolio Loan
McGuireWoods LLP advised financing secured by a 2.1 million-square-foot affordable housing portfolio in the Bronx that was acquired last month by Longacre Group from Related Fund Management.
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June 02, 2025
NYC Real Estate Week In Review
Greenberg Traurig and Schulte Roth are among the law firms that landed work on the largest New York City real estate trades that hit public records last week, with a nine-figure Brooklyn deal topping the list.
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June 02, 2025
Texas Voters To Decide On Fire-Ruined Homestead Tax Break
Texas voters will decide whether to amend the state's constitution to authorize a temporary property tax exemption for homesteads destroyed by fire under a joint resolution approved by state lawmakers and filed with the secretary of state.
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May 30, 2025
Rocket Mortgage Class Asks Justices To Scope Decertification
Rocket Mortgage borrowers who saw their class action against the lender decertified have told the U.S. Supreme Court that another pending case before it will resolve the question that undid their own class standing, and their litigation should be put on hold until that case is resolved.
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May 30, 2025
Feds, AGs Scoff At Landlords' Bid To Toss Antitrust Case
Landlords embroiled in an antitrust suit misconstrued the law and agreements at the heart of the case, the federal government and state enforcers said on Thursday as they urged a North Carolina federal court to reject the landlords' bid to dismiss.
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May 30, 2025
Missouri Judge Rejects Berkshire Unit's Transfer Appeal Cert. Bid
A Missouri federal judge on Friday denied a Berkshire Hathaway unit's motion to certify the company's denied transfer bid for a consolidated antitrust broker fees class action.
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May 30, 2025
Praying Or Parking? Religious Land Use Fights Head To Court
Local zoning and planning boards, usually unelected decision-making bodies, often operate with sweeping discretion that can provide cover for discrimination against religious communities. But backed by pro bono attorneys, religious groups are leaning on a 2000 federal law in their bid for court intervention.
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May 30, 2025
Atlanta Seeks Win In Ex-Building Officials' Age Bias Suit
A former Atlanta building official has failed to show his age was the deciding factor in not being promoted to a chief inspector role, the city told a federal court, urging it to toss the man's discrimination lawsuit.
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May 30, 2025
Cleary Helping Cushman & Wakefield On Move To Bermuda
Cushman & Wakefield's parent company is seeking to move its place of incorporation from England and Wales to Bermuda, with the assistance of counsel from Cleary Gottlieb Steen & Hamilton LLP, the real estate brokerage firm said in a regulatory filing.
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May 30, 2025
Bravo Property Trust Lands $400M From Middle East Investor
Real estate financing company Bravo Property Trust announced on Friday that a Middle Eastern sovereign wealth fund manager will invest up to $400 million in the firm to support its bridge and construction loan offerings.
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May 29, 2025
NY Landlord LLC Transparency Bill Advances
The New York State Senate passed a bill on May 28 to require landlords of rent-stabilized properties to disclose members of their limited liability companies.
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May 29, 2025
Real Estate CFO, Mogul's Daughter Dodge Two Trustee Claims
The chief financial officer of bankrupt construction services company Gateway Development Group Inc. and the daughter of the company's chair have escaped a Chapter 7 trustee's claims that they helped the chair breach his fiduciary duties, with a judge ruling the claims aren't recognized under Connecticut law.
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May 29, 2025
Colo. Builder Slams 'Unconstitutional' Affordable Housing Fees
The city of Denver is unconstitutionally forcing homebuilders to contribute to an affordable housing fund before they can obtain development permits, a local developer said in a suit filed in Colorado federal court.
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May 29, 2025
8th Circ. Says Gov'ts Can't Give Up Eminent Domain Powers
An Eighth Circuit panel vacated an injunction barring a North Dakota county from taking private property it said was needed to build a bridge over the Little Missouri River, although the parties had already settled their claims in April.
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May 29, 2025
Home Appraisers' Overtime Suit Moves From NY To Ill.
A lawsuit accusing an Arizona-based home appraisal company of failing to pay real estate staff appraisers overtime will move to Illinois, after a New York federal judge agreed with a magistrate judge's recommendations that the case needed to move to where the key witnesses are.
Expert Analysis
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Strategies For Home Equity Investment Providers In 2025
The home equity investment product market is thriving even amid consumer concerns, regulatory scrutiny and conflicting court decisions, setting the stage for a promising but challenging environment for providers in 2025, say attorneys at Sheppard Mullin.
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What Interest Rate Cuts Mean For Housing Markets
The Federal Reserve's recent reduction of interest rates may provide limited immediate relief for real estate sectors, but offers potential opportunities for commercial real estate investors and construction firms, which now face an environment ripe for new projects, say attorneys at Cozen O'Connor.
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California Supreme Court's Year In Review
Attorneys at Horvitz & Levy highlight notable decisions on major questions from the California Supreme Court's last term, including voter initiatives, hostile work environment and the economic loss rule.
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How CFIUS' Updated Framework Affects Global Investors
The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.
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'Reverse Redlining' Suit Reveals Language Risks For Lenders
The Justice Department's case against consumer finance provider Colony Ridge highlights the government's focus on lending to consumers with limited English proficiency and the risks of generating marketing materials in other languages while conducting actual transactions in English, say attorneys at Goodwin.
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Hurricane Coverage Ruling Clarifies Appraisal Scope In Fla.
In a case involving property insurance for hurricane damage, a Florida federal court recently enforced policy limits despite an appraisal award exceeding those limits, underscoring the boundaries between valuation and coverage — a distinction that provides valuable guidance for insurers handling post-catastrophe claims, says Tiffany Bustamante at Cozen O’Connor.
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Feds May Have Overstepped In Suit Against Mortgage Lender
The U.S. Department of Justice's lawsuit against Rocket Mortgage goes too far in attempting to combat racial bias and appears to fail on the fatal flaw that mortgage lenders should be at arm's length from appraisers, says Drew Ketterer at Ketterer & Ketterer.
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Foreclosing Lenders Still Floating In Murky Legal Waters In NY
The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.
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Philly's Algorithmic Rent Ban Furthers Antitrust Policy Trends
A Philadelphia bill banning the use of algorithmic software to set rent prices and manage occupancy rates is indicative of growing scrutiny of this technology, and reflects broader policy trends of adapting traditional antitrust principles to respond to new technology, say attorneys at Ballard Spahr.
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How Property Insurance Coverage Shrank After The Pandemic
Insurers litigating property claims are leveraging rulings that provided relief in the COVID-19 context to reverse the former majority rule on physical loss or damage in all contexts, say attorneys at Reed Smith.
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Why Secured Lenders Must Mind The Gap In UCC Searches
If not adequately addressed, the Uniform Commercial Code filing indexing gap can interfere with a lender's expected lien priority, but taking appropriate preclosing actions and properly timing searches can eliminate this risk, says Robert Wonneberger at Barclay Damon.
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Election Outcome Could Reshape Financial Industry
The policies of the next presidential administration and Congress will shape the landscape of financial services in the U.S. — including banking, mortgage, investment and credit services — for years to come, affecting Wall Street investors and aspiring homeowners alike, say Alexander Hecht and Frank Guinta at Mintz.
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There's No Crying In Property Valuation Baseball Arbitration
The World Series is the perfect time to consider how the form of arbitration used for settling MLB salary disputes — in which each side offers competing valuations to an arbitrator, who must select one — is often ideal for resolving property valuation disputes, say Sean O’Donnell at Herrick Feinstein and Mark Dunec at FTI Consulting.