Residential

  • July 01, 2025

    8 NYC Casino Applicants Meet Deadline For Key Licenses

    A series of multibillion-dollar applications rolled in ahead of a June deadline for the three coveted casino licenses up for grabs in New York, with prospective developers promising millions for infrastructure upgrades, housing development and other community needs.

  • July 01, 2025

    Celebrity Broker's Co. Renews NAR Antitrust Suit

    A real estate listing company owned by broker Mauricio Umansky hit the National Association of Realtors with a renewed antitrust suit on Tuesday, alleging in California federal court that the trade group's clear cooperation policy for property listings is anticompetitive.

  • July 01, 2025

    McGuireWoods Guides $173M Refi For Luxury NYC Rental

    Cammeby's Management Company LLC borrowed more than $173 million from NewPoint Real Estate Capital LLC to refinance a luxury New York City apartment building in a deal guided by McGuireWoods LLP, according to official property records filed Tuesday.

  • July 01, 2025

    Walker & Dunlop Closes $240M Affordable Housing Fund

    Commercial real estate finance firm Walker & Dunlop said Tuesday that it has closed a $240 million fund aimed at advancing affordable housing developments in 10 states.

  • June 30, 2025

    Newsom Signs CEQA Reform, Aiming To Ease Housing Crisis

    California Gov. Gavin Newsom on Monday evening signed into law two bills overhauling the state's landmark environmental law to knock down hurdles to new development in an effort to address the state's ongoing housing shortage.

  • June 30, 2025

    Bankruptcy Judge Rejects NYC Landlord's Cash Collateral Bid

    A New York federal bankruptcy judge refused to let landlord Pinnacle Group's 82 debtor entities use nearly $30 million in cash collateral intended for creditor Flagstar Bank, ruling that the debtors haven't shown they will meet the "adequate protection" requirements for using the funds.

  • June 30, 2025

    Conn. Expects Corporate Tax Changes To Raise Almost $350M

    Connecticut will make changes to corporate taxes that are projected to raise nearly $350 million over two years — largely from repealing the state's $2.5 million cap on tax increases for some combined unitary taxpayers — under the 2026-27 budget signed Monday by the governor.

  • June 30, 2025

    NJ Lawmakers OK Tax Hikes On Online Gambling, Cigarettes

    New Jersey lawmakers approved tax increases Monday on cigarettes, online gambling and certain property sales of more than $2 million alongside a $58.8 billion budget plan that also provides property tax credits for senior citizens.

  • June 30, 2025

    Developers File $11.1B Plan In Biggest NYC Casino Pitch

    Developers Soloviev Group and Mohegan have submitted an $11.1 billion pitch for a vacant lot known as Freedom Plaza on the east side of Manhattan in the priciest bid to New York officials for one of three open downstate gaming licenses.

  • June 30, 2025

    Data Brokers Can't Escape NJ Judicial Privacy Law Actions

    Data security company Atlas Data Privacy Corp. has won the go-ahead to proceed with dozens of lawsuits based on the judicial privacy measure Daniel's Law against a group of data brokers in New Jersey federal court.

  • June 30, 2025

    Florida To Eliminate Business Rent Tax

    Florida will eliminate its business rent tax under budget-related legislation signed Monday by Republican Gov. Ron DeSantis.

  • June 30, 2025

    Real Estate Groups Say NYC Broker Fee Ban Is Raising Rents

    Real estate trade groups, landlords and brokers have told a New York federal court to block the enforcement of a New York City law that bans broker fees in certain circumstances, arguing that the local law is raising rents and that it needs to be blocked while they appeal the dismissal of several claims.

  • June 30, 2025

    Judge Hits Pause On Civil RICO Suit Against NJ Power Broker

    A New Jersey judge has entered a consent order pausing a real estate developer's civil racketeering suit against influential South Jersey businessman George Norcross III, holding the parties' dispute in stasis until an appeal over the dismissal of a related criminal indictment can be resolved.

  • June 30, 2025

    Calif. Panel Chides Attys Who Hid Opponent's Inactive Status

    In a precedential ruling, a California appellate panel found a party whose counsel's license was made inactive should have been treated as though the attorney had died or been suspended, overturning a $70,000 fee award levied against a woman who was not informed that her lawyer was inactive.

  • June 30, 2025

    RI Allows Local Tax Amnesty Programs For Every 3 Years

    Rhode Island authorized municipalities to establish local tax amnesty programs every three years to give people and businesses a chance to resolve outstanding property tax liabilities without accruing interest under legislation signed by the governor.

  • June 30, 2025

    High Court Won't Review Landlords' COVID Eviction Ban Suit

    A split U.S. Supreme Court on Monday declined to review a petition filed by billionaire developer and landlord Geoffrey Palmer that sought to recover $100 million by claiming harm from an eviction moratorium Los Angeles imposed after the outbreak of COVID-19.

  • June 27, 2025

    Developer Nabs Loan For $250M Brooklyn Housing Project

    BFC Partners announced on Friday it had closed on financing for a $250 million project in Brooklyn, noting the infusion will allow the developer to wrap up the final phase of the larger 1,242-unit, mixed-use development.

  • June 27, 2025

    Greystar, Landlords Push To Toss DOJ's RealPage Suit

    Greystar Management Services LLC and several other landlords urged a North Carolina federal court to toss a rent price-fixing suit lodged by the federal government and multiple states, arguing in part that they have failed to provide specifics for their antitrust claims.

  • June 27, 2025

    Compass Wants 'Zillow Ban' Halted For Antitrust Case

    Compass asked a New York federal court Friday to stop Zillow from enforcing a new policy the real estate brokerage claims is designed to block competition, saying the threat of Zillow's rules is already causing harm and confusion.

  • June 27, 2025

    Nelson Mullins Looks To Beat The Opportunity Zone Curve

    As Congress debates President Donald Trump's budget bill, which would extend the opportunity zone program started in his Tax Cuts and Jobs Act of 2017, Nelson Mullins has ramped up the firm's practice in anticipation of a steady flow of investment work there, one of the group's leaders told Law360 Real Estate Authority.

  • June 27, 2025

    Insurer Asks Court To Sort Out Paying Of $4.1M Settlement

    An insurer asked a California federal court to decide who should receive a $4.1 million settlement of a homeowner's fire claims, saying it could not determine who was entitled to the payment because of a number of lien notices filed as the settlement was finalized.

  • June 27, 2025

    2 Firms Accused Of Vexatious Litigation Over Property Liens

    Law firms Neubert Pepe & Monteith PC and Cuddy & Feder LLP have been sued by a Greenwich, Connecticut, couple who claim the firms misused the court system in order to delay payouts they were owed by a property owner, including a stake in a $7.9 million judgment in New York.

  • June 27, 2025

    Greenberg Traurig, King & Spalding Advise $87M Miami Refi

    A joint venture of Kushner Cos. and PTM Partners has secured an $87.3 million refinancing for a luxury apartment building in Miami, in a transaction guided by Greenberg Traurig LLP and King & Spalding LLP.

  • June 27, 2025

    HUD Relocates To Science Grant Agency's Va. HQ

    The U.S. Department of Housing and Urban Development is leaving its District of Columbia headquarters at the Robert C. Weaver Federal Building to relocate to the National Science Foundation's headquarters in Alexandria, Virginia, an official announcement said.

  • June 26, 2025

    Ex-NY Gov. Aide Hit With New PPE Fraud Scheme Charges

    A federal grand jury Wednesday tacked on charges against a former top aide to two New York governors in a case accusing her of secretly acting as a Chinese government agent, alleging she illegally steered government contracts during the COVID-19 pandemic to businesses she was secretly connected to.

Expert Analysis

  • A Closer Look At Feds' Proposed Banker Compensation Rule

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    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.

  • The FTC And DOJ Should Backtrack On RealPage

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    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.

  • Ohio Tax Talk: The Legislative Push For Property Tax Relief

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    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.

  • In The CFPB Playbook: Regulatory Aims Get High Court Assist

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    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.

  • What's New In Kentucky's Financial Services Overhaul

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    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.

  • A Comparison Of FDIC, OCC Proposed Merger Approaches

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    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.

  • Tax Assessment: Recapping Georgia's Legislative Session

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    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.

  • 11th Circ. Ruling May Foreshadow Ch. 15 Clashes

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    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.

  • A Look At New IRS Rules For Domestically Controlled REITs

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    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.

  • What CRA Deadline Means For Biden Admin. Rulemaking

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    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.

  • How New Rule Would Change CFIUS Enforcement Powers

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    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.

  • 2nd Circ. Eminent Domain Ruling Empowers Municipalities

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    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.

  • SEC Should Be Allowed To Equip Investors With Climate Info

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    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.