Residential
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July 30, 2025
Housing Groups Want $30M Grant Case Kept In District Court
A coalition of housing advocacy groups challenging the termination of $30 million in federal antidiscrimination grants asked the First Circuit on Wednesday to let the Massachusetts federal district court keep jurisdiction over the case, if only to keep it alive long enough to figure out next steps.
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July 30, 2025
CoStar Claims Zillow Stole Copyrighted Property Photos
CoStar Group Inc. and CoStar Realty Information Inc. alleged Wednesday in New York federal court that property listings giant Zillow stole and profited off of more than 46,000 of CoStar's copyrighted real estate photos.
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July 30, 2025
RealPage, Landlords Ask To Toss NJ's Antitrust Case
RealPage and a group of building owners urged a New Jersey federal court to toss a case brought by state enforcers accusing them of scheming to use software to raise rents, calling it one in a series of "baseless" lawsuits that fails to allege there was any kind of conspiracy.
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July 30, 2025
SDRE Lands $150M For San Diego Residential Construction
Funds managed by an affiliate of Fortress Investment Group provided SDRE with $150 million in financing, which the homebuilder says it plans to put to use pushing residential construction projects over the finish line.
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July 30, 2025
Landlords Not Covered For Lead Exposure Suit, Insurer Says
An insurer has no duty to defend or indemnify property owners accused of negligently renting out an apartment with hazardous levels of lead that injured a child, the carrier told an Illinois federal court, saying the owners' policy bars coverage for bodily injury caused by lead.
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July 30, 2025
DLA Global Real Estate Leader Eyeing Data Center Investment
As investment funds reach the ends of their life cycles and have capital that must be deployed, funds are looking to pour that capital into U.S. data centers, among other asset classes, one of DLA Piper's global real estate leaders recently told Law360 Real Estate Authority.
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July 29, 2025
REIT Shareholders File 'Improper Lending' Suit Against Execs
Two Arbor Realty Trust Inc. shareholders hit several of the real estate investment trust's executives, including its president and CEO Ivan Kaufman, with a derivative suit on Tuesday alleging they made the REIT use "improper lending practices" that saddled the company "with a severely distressed loan portfolio."
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July 29, 2025
Brokerage Owner Says NAR Dues Policy Hurts Competition
The owner of a Modesto, California, residential sales brokerage urged a California federal court to not toss his antitrust suit challenging dues created by the National Association of Realtors and enforced by affiliated Realtor associations, arguing that he has Article III standing for his claims and that he was significantly harmed by the dues policy.
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July 29, 2025
Mass. Couple's Push For Lower Home Value Falls Short
A Massachusetts couple's claim that their home was dated and overvalued by a local assessor was rejected by a state board, which found shortcomings in their sales comparison analysis.
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July 29, 2025
Insurer Says Misrepresentations Void Real Estate Co.'s Policy
Material misrepresentations in a commercial real estate firm's insurance renewal application mean the insurer has no duty to defend the firm or a former director against a $6.5 million claim related to the sale of a client's properties, the insurer told an Indiana federal court.
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July 29, 2025
Ex-HUD GC Launches DC White Collar Boutique
The former general counsel for the U.S. Department of Housing and Urban Development announced Tuesday that he is launching his own white-collar litigation boutique in Washington, D.C.
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July 29, 2025
Catching Up With New Bankruptcy Case Action
A valve manufacturer hit bankruptcy in Delaware under pressure from mounting asbestos injury claims, a 3D printer designer entered Chapter 11 in Texas after it underwent an acquisition imposed by court order following a ruling that the purchaser had delayed the process, and a San Luis Obispo property developer filed for bankruptcy in California.
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July 29, 2025
Calif. Allows Retroactive Tax Exclusion For Solar Property
California will allow the purchaser of a new property a three-year window to apply for a property tax exclusion for solar energy systems under a bill signed by Gov. Gavin Newsom.
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July 29, 2025
Turnbridge Starts $200M Luxury NC Residential Tower Project
Turnbridge Equities has begun clearing a project site to prepare the construction of a new $200 million 37-story, roughly 300-unit luxury residential tower in downtown Raleigh, North Carolina, after securing $147 million worth of construction financing, the real estate investment and development firm has announced.
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July 29, 2025
Canyon Partners Provides $106M Refi For Chicago Property
Canyon Partners Real Estate LLC provided a $106.3 million senior refinancing loan for The Saint Grand, a 21-story, 248-unit mixed-use multifamily property in downtown Chicago, the company announced.
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July 29, 2025
Prosecutors Sue Wis. Landlord For Tenant Sexual Harassment
Federal prosecutors accused a Green Bay, Wisconsin, landlord of violating the Fair Housing Act by sexually harassing a tenant, entering her home without permission and evicting her without explanation, based on a U.S. Department of Housing and Urban Development probe.
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July 28, 2025
Rocket Cos. Investor Ends Fraud Suit After Class Cert. Denial
A pension fund that had previously attempted to lead a suit in Michigan federal court against Rocket Companies Inc. has agreed to drop all its claims in the shareholder litigation accusing the mortgage business of concealing a downturn in loan volume.
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July 28, 2025
Redfin Settles Patent Claims After Being Cleared At Trial
Real estate brokerage firm Redfin and its supplier Matterport Inc. each have reached a settlement with Surefield — the new company of Redfin's former CEO — to end a patent infringement case in which Redfin was cleared of a $66 million damages request by a Texas federal jury and to resolve Matterport's declaratory judgment action in Washington.
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July 28, 2025
Dorm Operator Says There's No Need To Move Ch. 11 To Ga.
The company that runs dormitory facilities at campuses in Georgia's public university system Monday told a Delaware bankruptcy judge to reject a motion to move its Chapter 11 case to Georgia, saying there's no need to change venue.
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July 28, 2025
Co-Owner Of Georgia Aparments Files Ch. 11 With $25M Debt
MMRE Management-Patriot Place LLC — the minority owner of an apartment complex in Georgia — has sought Chapter 11 protection in a New York bankruptcy court, saying it purchased the property at an inflated price and the apartments have faced mismanagement and foreclosure.
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July 28, 2025
NYC Mayor Unveils Queens Airport-To-Housing Plan
A former Queens airport will be converted into a development with 3,000 homes and 60 public acres under a proposal that's expected to create $3.2 billion worth of business over the next three decades, the New York City Mayor's Office announced Monday.
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July 28, 2025
NYC Real Estate Week In Review
Goodwin and Perkins Coie are among various law firms that landed work on the largest New York City real estate deals that hit public records last week, a period that saw a trio of nine-figure deals become public.
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July 28, 2025
Homeowners, Chubb Settle Water Damage Suit Ahead Of Trial
Illinois homeowners and a Chubb unit agreed to end their dispute over coverage for damage caused by a burst water pipe during an extreme temperature drop, weeks after an Illinois federal court cleared the case for trial, according to a court filing.
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July 28, 2025
Goodwin Guides $243M NYC Apartment Building Buy
A Barings entity has sold off a luxury apartment building in New York City's Hell's Kitchen neighborhood to a JP Morgan Investment Management Inc. entity for $243.5 million, in a deal advised by Goodwin Procter LLP, according to official property records.
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July 28, 2025
Texas Resolution Seeks Vote On Lower Property Value Limits
Texas would ask voters if the state should amend its constitution to authorize lower limits on the maximum appraised value of residence homesteads and of real property other than homesteads for tax purposes under a joint resolution filed in the state House of Representatives during a special session.
Expert Analysis
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A Closer Look At Feds' Proposed Banker Compensation Rule
A recently proposed rule to limit financial institutions' ability to award incentive-based compensation for risk-taking may progress through the rulemaking process slowly due to the sheer number of regulators collaborating on the rule and the number of issues under consideration, say attorneys at Troutman Pepper.
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The FTC And DOJ Should Backtrack On RealPage
The antitrust agencies ought to reverse course on their enforcement actions against RealPage, which are based on a faulty legal premise, risk further property shortages and threaten the use of algorithms that are central to the U.S. economy, says Thomas Stratmann at George Mason University.
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Ohio Tax Talk: The Legislative Push For Property Tax Relief
As Ohio legislators attempt to alleviate the increasing property tax burden, four recent bills that could significantly affect homeowners propose to eliminate replacement property tax levies, freeze property taxes for longtime homeowners, adjust homestead exemptions annually for inflation, and temporarily expand the homestead exemption, say Raghav Agnihotri and Rachael Chamberlain at Frost Brown.
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In The CFPB Playbook: Regulatory Aims Get High Court Assist
Newly emboldened after the U.S. Supreme Court last month found that the Consumer Financial Protection Bureau's funding is constitutional, the bureau has likely experienced a psychic boost, allowing its already robust enforcement agenda to continue expanding, say attorneys at Husch Blackwell.
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What's New In Kentucky's Financial Services Overhaul
Kentucky's H.B. 726 will go into effect in July and brings with it some significant restructuring to the Kentucky Financial Services Code, including changes to mortgage loan license fees and repeals of provisions relating to installment term loans and savings associations, say attorneys at Frost Brown.
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A Comparison Of FDIC, OCC Proposed Merger Approaches
Max Bonici and Connor Webb at Venable take a closer look at the Federal Deposit Insurance Corp.'s and Office of the Comptroller of the Currency's respective bank merger proposals and highlight certain common themes and important differences, in light of regulators continually rethinking their approaches to bank mergers.
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Tax Assessment: Recapping Georgia's Legislative Session
Jonathan Feldman and Alla Raykin at Eversheds Sutherland examine tax-related changes from Georgia’s General Assembly — such as the governor’s successful push to accelerate income tax cuts — and suggest steps to take before certain tax incentives are challenged in the state's next legislative session.
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11th Circ. Ruling May Foreshadow Ch. 15 Clashes
The Eleventh Circuit's recent decision in In re: Talal Qais Abdulmunem Al Zawawi has introduced a split from the Second Circuit regarding whether debtors in foreign proceedings must have a domicile, calling attention to the understudied nature of Chapter 15 of the Bankruptcy Code, say attorneys at Cleary.
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A Look At New IRS Rules For Domestically Controlled REITs
The Internal Revenue Services' finalized Treasury Regulations addressing whether real estate investment trusts qualify as domestically controlled adopt the basic structure of previous proposals, but certain new and modified rules may mitigate the regulations' impact, say attorneys at Simpson Thacher.
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What CRA Deadline Means For Biden Admin. Rulemaking
With the 2024 election rapidly approaching, the Biden administration must race to finalize proposed agency actions within the next few weeks, or be exposed to the chance that the following Congress will overturn the rules under the Congressional Review Act, say attorneys at Covington.
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How New Rule Would Change CFIUS Enforcement Powers
Before the May 15 comment deadline, companies may want to weigh in on proposed regulatory changes to enforcement and mitigation tools at the disposal of the Committee on Foreign Investment in the United States, including broadened subpoena powers, difficult new mitigation timelines and higher maximum penalties, say attorneys at Venable.
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2nd Circ. Eminent Domain Ruling Empowers Municipalities
The Second Circuit's recent decision in Brinkmann v. Town of Southold, finding that a pretextual taking does not violate the Fifth Amendment's takings clause, gives municipalities a powerful tool with which to block unwanted development projects, even in bad faith, say James O'Connor and Benjamin Sugarman at Phillips Lytle.
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SEC Should Be Allowed To Equip Investors With Climate Info
The U.S. Securities and Exchange Commission's new rule to require more climate-related disclosures will provide investors with much-needed clarity, despite opponents' attempts to challenge the rule with misused legal arguments, say Sarah Goetz at Democracy Forward and Cynthia Hanawalt at Columbia University’s Sabin Center for Climate Change.