Residential
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October 21, 2025
NYC Mayor Unveils Jewel Streets Affordable Housing Plan
New York City's mayor announced on Tuesday plans to improve the Jewel Streets area in Brooklyn and Queens by building 1,400 affordable and mixed-income homes, undertaking a rezoning plan that aims to develop an additional 3,600 homes, and investing $146 million to improve local infrastructure.
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October 21, 2025
Ex-Housing Worker Defends $2.3M Hostile Workplace Verdict
A former homeownership coordinator for the public housing authority in Charlotte, North Carolina, has urged a federal judge to let stand her $2.3 million hostile work environment verdict, saying there was more than enough evidence at trial to support the jury's decision.
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October 21, 2025
Arkansas Banks Shoulder Heavy Construction Debt Burden
Several of the nation's most highly leveraged construction lenders are Arkansas banks, as state regulators have greenlighted construction debt levels of more than 10% of total assets at a trio of institutions, according to an investigation by Law360 Real Estate Authority.
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October 21, 2025
Belkin Burden Nabs Condo & Co-Op Expert In Hiring Spree
Belkin Burden Goldman LLP added a condominium and co-op expert to its bench, noting that the new partner has expertise in corporate governance, operations disputes and building management issues.
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October 21, 2025
J&J Appeals $25M Loss In Conn. Builder's Asbestos Case
Johnson & Johnson has appealed its losses in a Connecticut real estate developer's asbestos lawsuit, telling state trial and appellate courts that it plans to challenge denials of multiple bids to reverse a $15 million jury verdict plus an additional $10 million in punitive damages awarded by a judge.
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October 20, 2025
NYC Real Estate Week In Review
Fried Frank, Sheppard Mullin, Gibson Dunn and Morgan Lewis are among the law firms that guided the largest New York City real estate deals that hit public records last week, with two Manhattan trades north of $200 million leading the way.
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October 20, 2025
Wells Fargo Borrowers Defend Mortgage Application Fees Suit
A proposed class of Wells Fargo borrowers is fighting the bank's dismissal bid of their suit, which accuses the bank of wrongfully charging them mortgage application fees and failing to provide proper refunds, arguing in California federal court that Wells Fargo's dismissal motion "mischaracterizes" the named plaintiff's claims.
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October 20, 2025
Miami Board Gives Key Approval For $2B Mixed-Use Project
Rosso Development, Midtown Development and Proper Hospitality, guided by Greenberg Traurig, have secured approval from Miami officials for a $2 billion mixed-use project in the city's Midtown Park neighborhood, setting the stage for construction to begin in 2026.
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October 20, 2025
9th Circ. Nixes Class' Appeal For Reverse Mortgage Loan Suit
The Ninth Circuit tossed an appeal and a related rehearing bid for a proposed class action that accused a company of running an unlawful reverse mortgage loan scheme, ruling that the proposed class of homeowners has agreed with the company to voluntarily drop their appeal.
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October 20, 2025
NY Passes Rent Algorithm Ban In Housing Package
New York Gov. Kathy Hochul has signed a package of bills designed to encourage homeownership and protect renters, including a statewide ban on the use of algorithmic rent-setting software and a partial tax exemption for home sales to low-income households.
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October 20, 2025
Justices Won't Review Optional NAR Rule In Zillow Case
The U.S. Supreme Court refused Monday to review claims that Zillow and the National Association of Realtors blocked competition through an optional association rule that relegated a defunct brokerage platform's listings to a secondary tab on Zillow's site.
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October 17, 2025
Texas Appeals Court Clears River Authority Of Flood Claim
A Texas appeals court found that the San Jacinto River Authority had governmental immunity when it decided to release water from its Lake Conroe reservoir during a hurricane, saying it took a good faith action even though the decision damaged some properties.
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October 17, 2025
Feds Say Housing Activist Used Homeless For Medicaid Fraud
Federal prosecutors in North Carolina have accused a Charlotte housing advocate of using the Medicaid beneficiary numbers of unhoused individuals to orchestrate a multimillion-dollar fraud on the government, court records show.
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October 17, 2025
Taxation With Representation: Latham, Kirkland, Wachtell
In this week's Taxation With Representation, the Artificial Intelligence Infrastructure Partnership, MGX, and BlackRock's Global Infrastructure Partners acquire Aligned Data Centers from Macquarie Asset Management and co-investors; Rayonier Inc. and PotlatchDeltic Corp. merge to create a timber and wood products giant; and a Lone Star Funds affiliate acquires industrial processing equipment provider Hillenbrand Inc.
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October 16, 2025
Why Ethics Complaints Against Halligan Face 'Very High Bar'
Interim U.S. Attorney Lindsey Halligan for the Eastern District of Virginia could face bar disciplinary action or court sanctions if the prosecutions she's pursuing at President Donald Trump's behest are found to be politically motivated or baseless, although proving ethics allegations will be an uphill battle, experts say.
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October 16, 2025
Ex-Va. Federal Prosecutor Joins NY AG James' Defense Team
The former deputy criminal chief for the U.S. Attorney's Office in Norfolk, Virginia, on Oct. 16 joined the team defending New York Attorney General Letitia James in the government's case accusing her of mortgage-related fraud, filed after the president encouraged prosecutors to take action against his "guilty as hell" political opponents.
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October 16, 2025
LA Developers Charged In Homeless Housing Fund Fraud
A pair of real estate developers have been charged in separate fraud cases alleging that they misused millions of dollars meant to build and operate affordable housing for people experiencing homelessness, the U.S. Attorney's Office of the Central District of California announced Oct. 16.
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October 16, 2025
Insurers Settle Bid To Arbitrate $7M La. Hurricane Ida Case
A group of domestic and foreign insurers including underwriters at Lloyd's of London have asked a Louisiana federal judge to dismiss their lawsuit seeking an order to arbitrate a $7 million Hurricane Ida damage claim, saying they have settled the dispute.
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October 16, 2025
Latham Guides $1.8B Deal For Spanish Senior Home Operator
The real estate arm of StepStone Group Inc. and European real estate investment firm Greykite have announced a €1.5 billion ($1.8 billion) deal to acquire and recapitalize Vitalia, Spain's second largest owner-operator of senior care homes.
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October 16, 2025
Mass. Board Upholds Tax Value Of Boston Home
A Boston property owner failed to prove that the city overassessed her four-bedroom, 2,900-square-foot home, the state's Appellate Tax Board said, finding the city's assessment of $724,000 for the 2022 tax year was reasonable.
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October 16, 2025
Justices Urged To Hear Mich. Tax Foreclosure Case
A property owner has asked the U.S. Supreme Court to weigh in on her case alleging a Michigan county improperly kept the excess proceeds of her tax-foreclosed home sale, arguing the justices should settle a conflict among circuits and calling the state's process to claim such proceeds too restrictive.
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October 16, 2025
Mich. Tribunal Denies Religious Tax Break For Rental Property
A Michigan town correctly revoked a religious tax exemption for a property rented out through short-term rental platforms, the state Tax Tribunal ruled, adding that there was no evidence that Christian activities held on the property reflected the property owner's faith.
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October 16, 2025
Parker Poe Adds Onetime Stites & Harbison Office Leader
Parker Poe Adams & Bernstein LLP has brought on the former leader of Stites & Harbison PLLC's Atlanta office to its own office in the city, bolstering its real estate and finance services with an attorney who brings four decades of legal experience.
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October 16, 2025
Justices Asked To Rethink Gellert Seitz Malpractice Ruling
Lawyers for a homebuilder are asking Delaware's Supreme Court to reconsider its decision affirming the dismissal of a legal malpractice suit against Gellert Seitz Busenkell & Brown LLC over damages the builder said it suffered due to the firm's negligence handling loan-restructuring disputes, arguing that key issues have been left unresolved.
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October 16, 2025
NY Enacts Property Tax Breaks For Some Developments
New York will create a property tax exemption for some residential property transferred to low-income households and expand a property tax exemption for redeveloped family homes under bills signed by Democratic Gov. Kathy Hochul on Oct. 16.
Expert Analysis
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Looking Beyond Property Damages For Wildfire Survivors
Personal injury attorneys seeking compensation for victims of wildfires like those in Los Angeles County must carefully apply a multidisciplinary approach that looks beyond obvious property loss to the full spectrum of damages, considering factors like emotional distress, disruption of community and the psychological toll of displacement, says Farid Yaghoubtil at Downtown L.A. Law Group.
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Calif. Banking Brief: All The Notable Legal Updates In Q3
The third quarter of 2025 brought legislative changes to state money transmission certification requirements and securities law obligations, as well as high-profile accounting and anti-money laundering compliance enforcement actions by the Department of Financial Protection and Innovation, say attorneys at Ropes & Gray.
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A Mortgage Lender's Guide To State Licensing Overhaul
Recent changes to the Conference of State Bank Supervisors' Nationwide Mortgage Licensing System require careful attention and planning from mortgage lenders, including tweaks to remote work designations and individual disclosure questions, says Allison Schilz at Mitchell Sandler.
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Montana Federal Ruling Takes Broad View Of 'Related Claims'
A Montana federal court recently took a broad view of related claims, ruling that claims brought by different plaintiffs in different states alleging different legal theories were nevertheless under a directors and officers insurance policy, illustrating the range of interpretations courts may give these clauses, say attorneys at Hunton.
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Expect DOJ To Repeat 4 Themes From 2024's FCPA Trials
As two upcoming Foreign Corrupt Practice Act trials approach, defense counsel should anticipate the U.S. Department of Justice to revive several of the same themes prosecutors leaned on in trials last year to motivate jurors to convict, and build counternarratives to neutralize these arguments, says James Koukios at MoFo.
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As Student Loan Outlook Dims, What Happens To The Banks?
While much of the news around the student loan crisis focuses on the direct impact on young Americans' decreasing credit scores, the fate of the banks themselves — and the effect on banking policy — has been largely left out of the narrative, says Madeline Thieschafer at Fredrikson & Byron.
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5 Real Estate Takeaways From Trump's Sweeping Tax Law
Changes to the Internal Revenue Code included in the One Big Beautiful Bill Act will have a range of effects on real estate sponsors, investors and real estate investment trusts — from more compliance flexibility around taxable REIT subsidiary limits to new considerations raised by a key retaliatory tax provision that was left out, say attorneys at DLA Piper.
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How Prohibiting Trigger Leads May Affect Mortgage Marketing
Recent amendments to the Fair Credit Reporting Act prohibiting the sale of trigger leads mark a significant shift in the regulatory landscape for mortgage lenders, third-party lead generators and their legal counsel, who should reevaluate lead generation strategies and compliance protocols, say Joel Herberman, Rob Robilliard and Leah Dempsey at Brownstein Hyatt.
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Considerations For Cos. Amid Wave Of CFPB Vacatur Bids
As some entities look to vacate prior voluntary agreements with the Consumer Financial Protection Bureau, there are several considerations companies should take into account before seeking to vacate their settlements in the current legal and regulatory environment, says Jasmine Jean-Louis at Goodwin.
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Rebutting Price Impact In Securities Class Actions
Defendants litigating securities cases historically faced long odds in defeating class certification, but that paradigm has recently begun to shift, with recent cases ushering in a more searching analysis of price impact and changing the evidence courts can consider at the class certification stage, say attorneys at Katten.
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NY Laundering Ruling Leans On Jurisdictional Fundamentals
A New York appeals court’s recent dismissal of Zhakiyanov v. Ogai, a civil money laundering dispute between Kazakh citizens involving New York real estate, points toward limitations on the jurisdictional reach of state courts and suggests that similar claims will be subject to a searching forum analysis, say attorneys at Curtis Mallet-Prevost.
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The Consequences Of OCC's Pivot On Disparate Impact
The Office of the Comptroller of the Currency's recent move to stop scrutinizing facially neutral lending policies that disproportionately affect a protected group reflects the administration's ongoing shift in assessing discrimination, though this change may not be enough to dissuade claims by states or private plaintiffs, says Travis Nelson at Polsinelli.
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Opportunity Zone's Future Corp. Tax Benefits Still Uncertain
Despite recent legislative enhancements to the qualified opportunity fund program, and a new G7 understanding that would exempt U.S.-parented multinationals from the undertaxed profits rule, uncertainties over future tax benefits could dampen investment interest in the program, says Alan Lederman at Gunster.