Residential

  • August 27, 2024

    Wells Fargo Says 'Good Faith' Efforts Ax Investors' Bias Suit

    Wells Fargo & Co. urged a California federal judge Tuesday to toss a derivative lawsuit filed by a putative class of shareholders claiming the bank's board of directors failed to address its discriminatory lending and hiring practices, saying there's evidence of "good-faith" efforts to monitor compliance in those areas.

  • August 27, 2024

    2nd Circ. Urged To Reject Preemption Defense In BofA Row

    The Second Circuit should join fellow federal courts in finding that a New York statute requiring all banks to pay at least 2% interest on mortgage-escrow accounts isn't preempted, a former Bank of America mortgage customer has told the appeals court following the U.S. Supreme Court's remand of the matter.

  • August 27, 2024

    Colo. House Advances Further Cuts To Property Tax Rates

    The Colorado House advanced legislation Tuesday to limit property tax growth, a move supporters hope will also stave off a pair of ballot initiatives that critics say would devastate schools and other local services.

  • August 27, 2024

    Madison Ave. Condo Owners File New Ch. 11

    The corporate owner of a luxury Manhattan condominium complex has filed for Chapter 11 in a New York bankruptcy court in what it says is an attempt to resolve the disputed bankruptcy filing of the partnership that owns the corporation.

  • August 27, 2024

    Citadel's Griffin Unveils Plans For Bayfront HQ Tower In Miami

    Billionaire Ken Griffin has revealed his highly anticipated plans to develop a waterfront supertall tower in Miami's Brickell Financial District to house the future headquarters of his hedge fund Citadel LLC, which he moved to the city in 2022.

  • August 27, 2024

    New Jersey Laws Attorneys Need To Know In 2024

    New Jersey Gov. Phil Murphy has signed contentious new bills into law recently that attorneys and business owners are adjusting to, including updates to the state's Open Public Records Act that make "fee shifting" more difficult, and a new wage requirement for temporary workers.

  • August 26, 2024

    LA To Pay $38.2M In FCA Suit Alleging Inaccessible Housing

    The city of Los Angeles will pay $38.2 million to settle allegations it knowingly failed, for over a decade, to ensure federally funded affordable multifamily housing properties were accessible to people with disabilities, the U.S. Department of Justice announced Monday.

  • August 26, 2024

    Businessmen Say Feds' Ky. Tower Seizure Suit Can't Proceed

    Two Miami businessmen have objected to a federal magistrate judge's recommendation opposing their attempt to toss litigation by the U.S. government as it looks to seize about $9.1 million from the sale of a Kentucky office tower, saying the United States can't prove its case.

  • August 26, 2024

    Zillow Investors Gain Class Cert. In Suit Over Home-Flipping

    A Washington federal judge has certified a proposed class of investors suing Zillow, alleging they were misled about the performance of the real estate marketplace's home-flipping program, and has appointed two firms as lead and local counsel.

  • August 26, 2024

    Tetra Tech Accuses Atty Of Mistreating Witness In FCA Row

    Tetra Tech EC Inc. claimed that an attorney representing a developer accusing it of fraud had mistreated a witness during a deposition hearing, pressing a California federal court to order the release of recordings capturing the alleged misconduct.

  • August 26, 2024

    Attorneys Break Down DOJ's RealPage Antitrust Suit

    The U.S. Department of Justice's lawsuit alleging RealPage, a commercial real estate services company favored by institutional landlords, helped manipulate the rental market contains several positive developments for landlords named in price-fixing suits brought by tenants.

  • August 26, 2024

    Fla. Court Sets Contempt Hearing On Alleged Condo Demolition

    A Florida state court has scheduled a Sept. 12 evidentiary hearing after a group of Miami condominium unit owners sought to hold a developer in civil contempt for allegedly flouting a stay order by still trying to demolish the condo.

  • August 26, 2024

    11th Circ. Won't Revive JPMorgan Chase Whistleblower Suit

    The Eleventh Circuit on Monday refused to revive a whistleblower suit against JPMorgan Chase Bank NA for allegedly forging mortgage loan documents and submitting false reimbursement claims to Fannie Mae and Freddie Mac, finding the allegations had already been publicized prior to the lawsuit.

  • August 26, 2024

    9th Circ. Won't Renew Seattle Homeowners' Insurance Row

    A group of Seattle homeowners cannot force Security National Insurance Co. to help cover a nearly $617,000 default judgment in an underlying construction defect dispute against its insured, the Ninth Circuit ruled, finding exclusions barring coverage for new construction applicable.

  • August 26, 2024

    Fox Rothschild Lands Condo Team From Armstrong Teasdale

    A team of 10 real estate attorneys from Armstrong Teasdale LLP have jumped to Fox Rothschild LLP, where they'll form the core of a new practice, the firm said Monday.

  • August 26, 2024

    At Bradley Arant, Ex-Healthcare GC Heeds 'No Surprises' Rule

    A former general counsel at home health provider Aveanna Healthcare has returned to private practice as a partner in the healthcare and real estate practices at Bradley Arant Boult Cummings LLP, and is vowing not to surprise his in-house clients with surprise legal bills — now that he's on the other side of the business.

  • August 26, 2024

    Haber Law Continues Growth With Team From Beloff Law

    Miami's Haber Law is continuing its growth spurt with the addition of a team from Beloff Law PA, including its founder, with 50 years of experience in real estate law.

  • August 26, 2024

    NY Nursing Homes Can't Duck AG's $83M Fraud Suit

    A New York judge shot down a bid by four nursing homes and their operators to dismiss the state attorney general's claims that they defrauded Medicare and Medicaid and neglected residents.

  • August 26, 2024

    NYC Real Estate Week In Review

    Neal Gerber, Fried Frank and DLA Piper are among the law firms that handled the largest New York City real estate deals that hit public records last week, a busy period that saw two transactions above the $300 million mark become public.

  • August 23, 2024

    Property Plays: KKR, NYC, GSA

    Property Plays is a weekly roundup of the latest loans, leases, sales and projects around the country. Send your tips — all confidential — to realestate@law360.com.

  • August 23, 2024

    PE Fund Says SEC Is Overstepping With 'Fishing Expedition'

    A large South Carolina private equity fund has sued the U.S. Securities and Exchange Commission for allegedly overstepping its authority by trying to regulate the business' activities through an unconstitutional "fishing expedition" investigation that threatens the building of thousands of housing units.

  • August 23, 2024

    Wire Verification Not Vital In Fla. Fraud Suit, Wells Fargo Says

    Wells Fargo urged a Florida federal court Friday to toss a lawsuit alleging the bank allowed a hacker to steal a real estate transaction's proceeds, saying there's no obligation to match a wire beneficiary to their account, and it didn't know the transfer was fraudulent because the process is automated.

  • August 23, 2024

    2 Firms Guide JV's $210M Refi For NYC Affordable Housing

    Real estate company Slate Property Group and its joint venture partner Fundamental Advisors on Friday wrapped up a $210 million refinancing deal for their 304,000-square-foot portfolio of New York City-based affordable and transitional housing properties, in a transaction guided by Seyfarth Shaw LLP and Cadwalader Wickersham & Taft LLP.

  • August 23, 2024

    Brokerage Startup Challenges NAR Listing Rules

    A Utah-based residential brokerage startup has accused the National Association of Realtors, an affiliated Utah multiple listing service and several major brokerages including Keller Williams Realty Inc. of engaging in an antitrust conspiracy that involved the defendants blocking the startup from accessing the NAR's MLS because the startup offers cheaper commission fees.

  • August 23, 2024

    Insurer Scores Coverage Win Over Retaining Wall Failure

    A contractor's insurer has no duty to help cover a $2.66 million settlement over the contractor's faulty construction of retaining walls, a Washington federal court ruled, finding an "impaired property" exclusion applicable.

Expert Analysis

  • Ghosting In BigLaw: How To Come Back From Lack Of Feedback

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    Junior associates can feel powerless when senior colleagues cut off contact instead of providing useful feedback, but young attorneys can get back on track by focusing on practical professional development and reexamining their career priorities, says Rachel Patterson at Orrick.

  • States Must Fight Predatory Real Estate Listing Agreements

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    As momentum against long-term real estate listing agreements continues to grow, states should take action to render existing agreements unenforceable and discourage future unfair and deceptive trade practices in real estate, says Elizabeth Blosser at the American Land Title Association.

  • Steps To Success For Senior Associates

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    Adriana Paris at Rissman Barrett discusses the increased responsibilities and opportunities that becoming a senior associate brings and what attorneys in this role should prioritize to flourish in this stressful but rewarding next level in their careers.

  • Legal Profession Must Do More For Lawyers With Disabilities

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    At the start of Disability Pride month, Rosalyn Richter at Arnold & Porter looks at why lawyers with disabilities are significantly underrepresented in private practice, asserting that law firms and other employers must do more to conquer the implicit bias that deters attorneys from seeking accommodations.

  • Ohio Tax Talk: Building On Federal Affordable Housing Credit

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    Ohio's soon-to-be-implemented low-income housing tax credit could significantly affect the state's affordable housing landscape and influence tax-credit deal financing for these projects, though Senate changes may have dampened the new credit's immense potential, say Raghav Agnihotri and Rachael Chamberlain at Frost Brown.

  • Appellate Funding Disclosure: No Mandate Is Right Choice

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    The Advisory Committee on Appellate Rules' recent decision, forgoing a mandatory disclosure rule for litigation funding in federal appeals, is prudent, as third-party funding is only involved in a minuscule number of federal cases, and courts have ample authority to obtain funding information if necessary, says Stewart Ackerly at Statera Capital.

  • LA's High-Value Real Estate Transfer Tax Should Be Scrapped

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    Los Angeles’ recently implemented high-value property transfer tax has chilled the real estate market, is failing to meet revenue expectations and raises significant constitutional concerns, making it a flawed piece of legislation that should be invalidated, says attorney Paul Weinberg.

  • How Attys Can Avoid Exposing Their Firms To Cyberattacks

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    Attorneys are the weakest link in their firms' cyberdefenses because hackers often exploit the gap between individuals’ work and personal cybersecurity habits, but there are some steps lawyers can take to reduce the risks they create for their employers, say Mark Hurley and Carmine Cicalese at Digital Privacy & Protection.

  • Foreign Investment In Real Estate Is Getting More Complicated

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    Increasing federal scrutiny and a proliferation of new state laws targeting foreign investment in real estate may complicate or prevent transactions even by U.S. companies or funds that have shareholders or limited partners from China and other countries of concern, say attorneys at Akin.

  • Virginia 'Rocket Docket' Slowdown Is Likely A Blip

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    After being the fastest or second-fastest federal civil trial court for 14 straight years, the Eastern District of Virginia has slid to 18th place, but the rocket docket’s statistical tumble doesn't mean the district no longer maintains a speedy civil docket, says Robert Tata at Hunton.

  • Home Equity Option Contracts Appear Ripe For Rating

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    Given that home equity option contracts share similarities with evolving asset types like litigation funding, and that courts continue to characterize them as real estate option contracts, it seems they are poised to be rated in the near future, say Darius Horton and Holly Spencer Bunting at Mayer Brown.

  • 5 Management Tips To Keep Law Firm Merger Talks Moving

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    Many law firm mergers that make solid business sense still fall apart due to the costs and frustrations of inefficient negotiations, but firm managers can increase the chance of success by effectively planning and executing merger discussions, say Lisa Smith and Kristin Stark at Fairfax Associates.

  • 2 Critical Shortfalls In Fla. Condo Safety Amendments

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    New amendments to Florida's Building Safety Act provide condominium associations with more flexibility to comply with inspection deadlines, but vaguely defined extension criteria and unambiguous lines of responsibility warrant further legislative action, say Jordan Isrow and Andrew Ingber at Government Law Group.