Residential
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March 18, 2026
Zillow Preview Appeases Compass Enough To Drop Ban Suit
Compass dropped its New York federal court antitrust lawsuit against Zillow on Wednesday, satisfied that a new "preview" feature for pre-market home listings was enough of a departure from a contested rule that banned listings from appearing on Zillow if they had been marketed elsewhere for more than a day.
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March 18, 2026
Fed Keeps Rates Steady, To Dismay Of Most In Real Estate
The Federal Reserve on Wednesday voted to keep interest rates steady, dashing any hope the real estate market had for a reduction in interest rates to bring down the cost of borrowing, boost prices and drive transactions.
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March 18, 2026
Judge Finalizes $3.3M Tax Bill Order For 'Survivor' Winner
A Rhode Island federal court entered a final $3.3 million tax judgment against the first "Survivor" winner, clearing the way for the federal government to start debt collection proceedings to recoup funds tied to the former contestant's tax avoidance on his prize money.
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March 18, 2026
Mamdani Reopens 'Granny Flat' Funding, With Rules In Place
New York City Mayor Zohran Mamdani opened applications on Wednesday for a program that helps homeowners plan and finance the addition of ancillary dwelling units, or "granny flats," after pausing the program in 2024 following substantial homeowner interest.
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March 18, 2026
Fla. Lawmakers Expanded Housing Efforts In Slow Session
At a time when housing affordability is a major concern among constituents, Florida state lawmakers produced mixed results in the realm of real estate during their 2026 session, taking some significant actions but also not reaching consensus on numerous proposals, including the most prominent — property tax reform.
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March 18, 2026
SL Green Sells FiDi Apartments To REIT For $223M
Office landlord SL Green Realty Corp. said it has agreed to sell the residential and retail components of its 7 Dey St. property in Manhattan's Financial District to Go Residential Real Estate Investment Trust for $222.6 million.
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March 18, 2026
Idaho Expands Short-Term Rental Tax Obligations
Idaho short-term and vacation rental property owners must adhere to local tax rules for rental marketplaces even if they don't do business through a marketplace under a bill signed by the governor.
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March 18, 2026
Report: Data Centers Loom Large, But Investors Are Cautious
Investor optimism for commercial real estate remains high in 2026 and data centers are seen as having the biggest impact on the market this year, although investors are cautious about doing new deals, according to a Seyfarth Shaw LLP survey out this week.
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March 18, 2026
Two-Tower Brooklyn Resi Complex Lands $370M Refinancing
Property Markets Group and the Carlyle Group have landed $370 million in refinancing from Brookfield Asset Management for their two-tower residential development in Brooklyn's Gowanus neighborhood.
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March 18, 2026
Ga. Panel Preserves HOA Fraud Verdict, Scraps $21M Award
The Georgia Court of Appeals backed fraud and civil racketeering verdicts won by nearly a dozen homeowners against a developer but scrapped $21 million in punitive damages the residents were awarded as excessive "even given the defendants' wealth and repeated instances of bad behavior."
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March 18, 2026
4 Firms Guide Warburg's Majority Stake In RE Lease Platform
Private equity firm Warburg Pincus said Wednesday that it has made a majority investment in The Guarantors, a residential lease guarantee platform, in a deal advised by Cooley LLP, Wachtell Lipton Rosen & Katz, Paul Weiss and Greenberg Traurig LLP.
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March 18, 2026
2 Firms Lead Audax's Buy Of Property Management Co. AKAM
Troutman Pepper Locke LLP and Ropes & Gray LLP advised on a recent deal that saw Audax Private Equity acquire AKAM — a property management and real estate firm serving condominiums, cooperatives and homeowner associations — from private equity firm Nautic Partners.
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March 17, 2026
FPI, Apartment Owners Reach $7M Deal In Wash. AG's Tenant Suit
California-based property manager FPI and owners of five low-income apartment complexes have agreed to pay $7 million to end the Washington attorney general's lawsuit accusing them of exploiting senior tenants by overstating property qualities and withholding information about future rent rises, according to an agreed order finalized Monday.
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March 17, 2026
How Industry Orgs. Are Responding To Trump's Housing EOs
A pair of recent executive orders from President Donald Trump easing mortgage lending rules and home construction regulations drew broad support from industry groups as steps toward increasing affordable housing, though the orders also triggered dissent from a fair-housing organization worried that such policies would roll back civil rights.
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March 17, 2026
Mich. AG Joins Fair Housing Laws Fight Against HUD Guidance
Michigan's attorney general spoke Tuesday about joining 15 states and the District of Columbia in a California federal suit claiming the Trump administration undermines enforcement of fair housing laws by threatening to halt funding for local government programs protecting people discriminated against for gender and sexual orientation, among other things.
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March 17, 2026
NYC Condo Board Ch. 11 Should Be Tossed, Rival Group Says
The residential board for a Times Square hotel and residential tower asked a New York bankruptcy judge to toss the Chapter 11 case started by the building's condominium association, with the former accusing the latter of using bankruptcy to gain an advantage in litigation.
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March 17, 2026
SD OKs County Gross Receipts Tax To Reduce Property Tax
South Dakota will allow counties to implement a county-wide gross receipts tax with revenue that goes toward a property tax reduction fund under a law signed by the governor.
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March 17, 2026
HUD Delays Eviction Rule Change, Nonprofits Drop Lawsuit
Plaintiffs suing the U.S. Department of Housing and Urban Development for rescinding a COVID-era eviction rule without notice and comment dropped their case Monday, saying the agency had agreed to "indefinitely delay" the rule change's implementation and convert it from an interim rule to a proposed rule for now.
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March 17, 2026
NY Accuses Solar Co., Lenders Of $275M Homeowner Fraud
New York's attorney general sued a solar panel company and two lending partners in New York state court Tuesday, accusing them of a $275 million scheme involving costly solar and home improvement projects falsely pitched to homeowners as free or subsidized.
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March 17, 2026
Fried Frank Steering Extell's Manhattan Tower Project
Extell Development is moving forward with plans to demolish the shuttered Wellington Hotel in Midtown Manhattan to make room for a new supertall mixed-use tower, with Fried Frank guiding the company on land use matters.
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March 16, 2026
Class Wins Certification In Robocall Suit Against Realtor
A Nevada federal judge has granted class certification in an action accusing a Realtor of using robocalls to contact people on the National Do Not Call Registry in violation of the Telephone Consumer Protection Act, finding the lead plaintiff met his burden of defining the class.
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March 16, 2026
States Sue Over Trump Cuts To Housing Bias Programs
A group of 15 states and the District of Columbia claimed on Monday that the Trump administration is undermining their enforcement of fair housing laws by threatening to cut off funding from local government programs that enforce fair housing protections for people who are discriminated against for traits such as their sexual orientation.
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March 16, 2026
NYC Real Estate Week In Review
Harfenist Kraut and Windels Marx are among the law firms that steered the largest New York City real estate deals that became public last week, with trades in Queens and Manhattan leading the way.
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March 16, 2026
Bronx Project Facing Sale Hits Ch. 11 To Probe 'Treachery'
The developer of a 900-unit housing project in the Bronx that was awarded a $55 million state grant in October has filed for bankruptcy to stop a foreclosure sale, blaming what it called "treachery" in the transfer of a senior mortgage, in the second such filing the company brought in recent months.
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March 16, 2026
Mass. Board Lowers Tax Value Of Home With Pool
A Massachusetts home with an enclosed pool was overvalued by a local assessor, a state board said in a ruling released Monday, largely agreeing with the homeowner's analysis of the assessments of similar properties.
Expert Analysis
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How Trump Admin Treasury Policies Are Reaching Banks
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.
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Rocket Mortgage Appeal May Push Justices To Curb Classes
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.
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Fla. Condo Law Fix Clarifies Control Of Common Areas
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.
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EDNY Ruling May Limit Some FARA Conspiracy Charges
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.
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Shifting DEI Expectations Put Banks In Legal Crosshairs
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.
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The State Of Play In Copyright Protection For Floor Plans
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.
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Florida Case Could Redefine Construction Defect Damages
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.
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Texas Bill Could Still Boost Property Rights In Gov't Disputes
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.
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Va.'s Altered Surcharge Law Poses Constitutional Questions
Virginia's recently amended consumer protection law requiring sellers to display the total price rather than expressly prohibiting surcharges follows New York's recent revision of its antisurcharge statute and may raise similar First Amendment questions, says attorneys at Stinson.
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Ore. High Court Ruling Widens Construction Defect Coverage
A recent Oregon Supreme Court decision, Twigg v. Admiral Insurance, dispels the myth that a contractor's liability for defective work is uninsurable if pursued as a breach of contract, say attorneys at Stoel Rives.
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Spoliation Of Evidence Is A Risky And Shortsighted Strategy
Destroying self-incriminating evidence to avoid a large judgment may seem like an attractive option to some defendants, but it is a shortsighted strategy that affords the nonspoliating party potentially case-terminating remedies, and support for a direct assault on the spoliator’s credibility, say attorneys at Mandelbaum Barrett.
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In 2nd Place, Va. 'Rocket Docket' Remains Old Reliable
The U.S. District Court for the Eastern District of Virginia was again one of the fastest civil trial courts in the nation last year, and an interview with the court’s newest judge provides insights into why it continues to soar, says Robert Tata at Hunton.
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Operating Via Bank Charter Offers Perks Amid Industry Shift
As bank regulators become more receptive to streamlining barriers that have historically stood in the way of de novo bank formation, and as fintechs show more interest in chartering, attorneys at Goodwin outline the types of charters available and their benefits.