Residential

  • April 15, 2026

    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.

  • April 15, 2026

    NJ Towns Urge 3rd Circ. To Revive Suit Over Housing Law

    A group of New Jersey municipalities and elected officials told the Third Circuit they have Article III standing for their tossed suit against the state government over a 2024 law that they claim unfairly forces them to rezone areas for affordable housing.

  • April 15, 2026

    Whistleblower Suit Alleges Wells Fargo Inflated CMBS Income

    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, allowing it to evade $220 million in state and local taxes.

  • April 15, 2026

    Landlord Wants Out Of Fraud Claim In NJ AG's RealPage Suit

    A New Jersey landlord is urging a federal court to revisit part of a March decision and dismiss claims against it under a state consumer fraud statute amid the New Jersey attorney general's antitrust suit against RealPage Inc. and 10 of the state's largest landlords.

  • April 14, 2026

    Penn National Says No Coverage In Property Sale Fraud Suit

    Pennsylvania National Mutual Casualty Insurance Co. told a North Carolina federal judge it should have no duty to indemnify a businessowner policyholder accused in an underlying lawsuit of knowingly hiding a water leak in a residential property to induce someone into buying it, arguing Monday there's no coverage for damages resulting from alleged misrepresentations.

  • April 14, 2026

    26 State AGs Urge FTC To Ban Deceptive Rental Fee Tactics

    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 tenants up front, responding to the agency's notice last month of potential rulemaking to combat hidden rental fees.

  • April 14, 2026

    Bascom Group Pays $103M For Vegas Apartment Community

    Real estate private equity firm The Bascom Group LLC has paid $103 million for a five-story, 294-unit Class A apartment community in Las Vegas, the firm announced Tuesday.

  • April 14, 2026

    Wells Fargo, JPMorgan Mulling Mediation In $481M Loan Suit

    Wells Fargo Bank is considering mediating and settling its suit against JPMorgan Chase Bank and a New York City developer over a $481 million commercial mortgage-backed securities loan deal that allegedly caused millions of dollars in losses, according to a joint letter filed in New York federal court.

  • April 14, 2026

    MoFo Guides $167M Loan For NYC Office-To-Resi Conversion

    Morrison Foerster LLP advised BHI on its origination of a $167 million loan for Yellowstone Real Estate Investment's adaptive reuse project which will transform a Manhattan office building into a multifamily building, according to county property records.

  • April 14, 2026

    Meet The Attorneys Guiding Texas Developer Lurin In Ch. 11

    Texas-based multifamily housing developer Lurin has retained a team from Porter Hedges LLP to represent it and its affiliates after entering bankruptcy with over $73 million in debt to stave off impending foreclosures.

  • April 14, 2026

    Mercedes-Benz-Branded Miami Project Faces Foreclosure Suit

    The current owner of an $86 million loan wants to foreclose on JDS Development Group's Miami mixed-use project that has Mercedes-Benz branding, according to a foreclosure suit filed in Florida state court against the borrowers, which are JDS affiliates.

  • April 13, 2026

    Anti-Native Taunts Made Engineer 'Feel Less Than,' Suit Says

    A member of a Native American tribe has filed a lawsuit in Michigan federal court against two real estate companies that provide "hotel-style" apartments, saying the "dehumanizing" racial abuse he was subjected to when he worked as the companies' chief engineer left him unable to perform his job.

  • April 13, 2026

    United Homes Faces Investor Suit Over Discounted Sale Plan

    Homebuilder United Homes Group Inc. faces a proposed investor class action alleging the company hid that its former CEO schemed to devalue the company as he gunned to sell it off, leading to a proposed sale that caused significant shareholder losses by cutting the company's valuation in half. 

  • April 13, 2026

    NYC Real Estate Week In Review

    Patterson Belknap and Wachtel Missry are among various law firms that steered the largest New York City real estate deals that hit public records last week, with a nine-figure Manhattan matter leading the way.

  • April 13, 2026

    No Early Win For HOA In Storm Coverage Suit

    A Denver-area homeowners association hasn't shown conclusively that losses during a 2018 hailstorm were incurred during its policy period or that its insurer failed to investigate the complex's claim, a Colorado federal judge ruled while denying the association an early win in its lawsuit over denied coverage.

  • April 13, 2026

    DOJ Seeks OK On Blackstone's LivCor Rent Price-Fixing Deal

    The Justice Department has asked a North Carolina federal court to grant final approval to its settlement with LivCor LLC, a Blackstone portfolio company, which would resolve allegations that the landlord used RealPage's revenue management software to fix rent prices.

  • April 13, 2026

    Eagle Real Estate JV Seeks West Coast Multifamily Assets

    Eagle Real Estate Partners LLC and TriPost Capital Partners LLC have formed a real estate investment partnership in which TriPost will provide over $50 million to support Eagle's plans to acquire $1.5 billion in U.S. multifamily real estate, TriPost announced Monday.

  • April 13, 2026

    HUD Unveils $1.1B To Back Housing In Tribal Communities

    The U.S. Department of Housing and Urban Development's Office of Native American Programs says it will allocate more than $1.1 billion in Indian Block Grant funding for almost 600 tribal nations to support affordable housing projects.

  • April 13, 2026

    Guam Authorizes Tax Amnesty Program

    Guam authorized its tax department to establish an amnesty program to waive penalties and interest on eligible delinquent taxes under a bill signed by its governor.

  • April 13, 2026

    Law Firm, Insurer Say Cos. Must Pay For Crane Crash Losses

    Florida law firm Johnson Pope and its insurer have sued a group of companies involved in the construction of a 46-story luxury condominium tower in St. Petersburg, telling a state court they are entitled to recover losses they incurred after a crane fell and damaged the firm's office space.

  • April 13, 2026

    Senior Housing, Healthcare REIT Seeks $1.1B Value In IPO

    Real estate investment trust National Healthcare Properties Inc. is seeking to reach a valuation of about $1.1 billion in an upcoming initial public offering advised by Paul Weiss Rifkind Wharton & Garrison LLP, Greenberg Traurig LLP and Sidley Austin LLP.

  • April 13, 2026

    NC High Court Snapshot: State Retirees Fight To Retain Class

    The North Carolina Supreme Court in April will tackle a long-simmering fight over the state's obligations to provide health insurance to retired public employees, who are battling to keep their class status.

  • April 10, 2026

    REIT Investors Ink Deal Over CEO's Alleged Undisclosed Loan

    Investors in Sun Communities Inc. asked a Michigan federal judge to grant initial approval to their $2.3 million deal with the real estate investment trust to end claims that its failure to disclose its then-CEO received a loan from a board member's relatives damaged shareholders when the information emerged in a short seller report.

  • April 10, 2026

    Hochul Unveils $348M Financing For NY Affordable Housing

    New York Gov. Kathy Hochul announced Friday that $348 million worth of state bonds and subsidies will support five state housing projects that aim to "create or preserve 750 affordable, supportive, sustainable and modern apartments."

  • April 10, 2026

    Texas REIT Discloses $53M RealPage Settlement With Renters

    A Texas-based real estate investment trust has reached a $53 million class action settlement for multidistrict litigation in Tenneseee federal court that accused the REIT and multiple landlords of using property management software company RealPage Inc.'s revenue management software for rent price-fixing.

Expert Analysis

  • The Metamorphosis Of The Major Questions Doctrine

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    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.

  • What 9th Circ. Ruling Shows About Rebutting SEC Comments

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    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.

  • 2 NY Cases May Clarify Foreclosure Law Retroactivity

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    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.

  • Yacht Broker Case Highlights Industry Groups' Antitrust Risk

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    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.

  • A Look At Trump Admin's Shifting Strategies To Curtail CFPB

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    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.

  • How Trump Admin Treasury Policies Are Reaching Banks

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    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.

  • Rocket Mortgage Appeal May Push Justices To Curb Classes

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    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.

  • Fla. Condo Law Fix Clarifies Control Of Common Areas

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    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.

  • EDNY Ruling May Limit Some FARA Conspiracy Charges

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    Though the Eastern District of New York’s recent U.S. v. Sun decision upheld Foreign Agents Registration Act charges against a former aide to New York Gov. Kathy Hochul, its recognition of an affirmative legislative policy to exempt some officials may help defendants charged with related conspiracies, say attorneys at ArentFox Schiff.

  • Shifting DEI Expectations Put Banks In Legal Crosshairs

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    The Trump administration's rollbacks on DEI-friendly policies create something of a regulatory catch-22 for banks, wherein strict compliance would contradict established statutory and administrative mandates regarding access to credit for disadvantaged communities, say attorneys at Husch Blackwell.

  • The State Of Play In Copyright Protection For Floor Plans

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    With questions over copyright protections for floor plans potentially teed up in front of the U.S. Supreme Court, attorneys in the real estate industry should take steps to clarify and strengthen clients' rights and reduce the risk of litigation, says Dylan I. Scher at Quinn Emanuel.

  • Florida Case Could Redefine Construction Defect Damages

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    If a Florida appellate court overturns the trial court in a pending construction contract dispute, the state could experience a seismic shift in construction defect damages, effectively leaving homeowners and developers with an incomplete remedy, says Andrew Gold at Akerman.

  • Texas Bill Could Still Boost Property Rights In Gov't Disputes

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    The passage of a bill in Texas that would provide litigants with access to a greater swath of judicial remedies in immunity disputes with government entities and officials would be an invaluable boon for property rights, says Nathan Vrazel at Munsch Hardt.