Residential
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May 02, 2025
Trump Proposes Massive Cuts To Federal Housing Assistance
The Trump administration outlined $163 billion in cuts to non-defense government spending next year in a Friday memo from the Office of Management and Budget, including significant cuts to federal rental assistance to shift responsibility for the programs to states.
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May 02, 2025
Community Groups Accept Pause In CTA Litigation
A group of community associations has told the Fourth Circuit they aren't opposed to a government motion to pause litigation over the Corporate Transparency Act, even as they maintained the information disclosure law aimed at small businesses still carries constitutional flaws.
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May 01, 2025
Fla. Condo Wins Noise Dispute With Autistic Man's Family
A Florida appellate panel ruled in favor of a condominium association in a lawsuit over a noise dispute between a family caring for their autistic son and a neighbor, finding no evidence that the family faced discrimination in violation of housing laws.
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May 01, 2025
Fla. Appeals Court Puts Condo Damage Suit To Bed
A Florida state appeals court upheld the dismissal of a condo's Hurricane Irma damage lawsuit against a Florida entity created to handle the claims for insolvent insurers, finding it was time-barred.
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May 01, 2025
Public Fire Model Could Boost Calif. Insurance Oversight
Developing a public wildfire model in California could help provide a transparent benchmark for insurance regulators to better understand fire risk and evaluate rates, but experts warn that challenges remain as the federal government eyes cuts to key climate monitors.
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May 01, 2025
8th Insurer Dismissed In Pulte Coverage Row
Two PulteGroup subsidiaries said Thursday they'll dismiss their property damage coverage claims with prejudice against an insurer over structural issues at a residential development, marking the eighth dismissal of an insurer since the homebuilder first sued a raft of carriers in New Mexico federal court in October 2023.
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May 01, 2025
Hawaii Tenant's Tainted Water Eviction Claims Survive Ruling
A Hawaii federal judge preserved a tenant's claims that he was effectively evicted from his home when a landlord failed to identify or warn of water contamination caused by leaks in 2021 at a U.S. Navy fuel storage facility on Pearl Harbor.
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May 01, 2025
Ballard Spahr Adds Real Estate Ace From Hunton In DC
Ballard Spahr hired ex-Hunton Andrews Kurth LLP attorney Jill S. Parks as a partner for the firm's real estate department and its teams for real estate development and transactions and zoning and land use in its District of Columbia office, the firm announced May 1.
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May 01, 2025
Colo. AG Targets MV Realty's 'Unfair' Homeowner Contracts
The Colorado Attorney General's Office has accused real estate brokerage MV Realty PBC LLC and its Colorado subsidiary of trapping hundreds of local homeowners with "unfair, misleading and deceptive" 40-year brokerage contracts.
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May 01, 2025
States Urge 1st Circ. To Reinstate Federal Housing Grants
A coalition of states urged the First Circuit to reinstate a ruling that had blocked the Trump administration from cutting $30 million in fair housing grants, saying the federal government failed to consider the impact this decision would have on the groups' operations.
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May 01, 2025
Real Estate Lawyers On The Move
Winston & Strawn, Honigman and Stephenson Harwood are among the law firms that have made recent real estate or construction hires.
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April 30, 2025
Multifamily, Lodging Push CMBS Delinquencies Higher In April
Commercial mortgage-backed securities tied to multifamily and lodging drove overall delinquency rates in April back up to heights not seen since early in the COVID-19 pandemic, per a Wednesday report from Trepp.
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April 30, 2025
Ill. Developer Gets 6 Years For Role In Bank Embezzlement
A real estate developer has been sentenced to more than six years in prison following his conviction for participating in a multimillion-dollar embezzlement scheme at a now-shuttered bank, federal prosecutors in Chicago announced Wednesday.
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April 30, 2025
Ripe For Revitalization, Owners Transform Class B Malls
Class B malls are the subject of renewed focus as owners and developers add residential, hotel, medical, entertainment, and food and dining uses to properties in an effort to reverse sinking vacancy rates at the decades-old assets.
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April 30, 2025
2 Firms Guide Texas Multifamily Portfolio Buy
Altus Equity Group Inc. said it has partnered up with real estate private equity firm Wellings Capital to acquire a 1,225-unit portfolio of six West Texas apartment communities in a deal guided by Phillips Murrah PC and Beyers Costin Simon.
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April 30, 2025
Equity Sees Housing Shortage As Shield Against Uncertainty
Equity Residential executives on Wednesday said the rental giant in the first quarter saw record-low levels of resident turnover along with higher year-over-year occupancy, and is expecting a lack of U.S. housing supply to insulate from unfolding economic uncertainty.
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April 30, 2025
Real Estate Sees Action-Packed First 100 Days Of Trump
The real estate sector — from which President Donald Trump hails — has not been spared an onslaught of significant policy changes as the new administration marks its first 100 days, including tariffs, a federal office slim-down and an effort to curb diverse hiring programs.
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April 30, 2025
Here's What Real Estate Execs Are Saying About Tariffs
Executives across a wide range of real estate industries recently said President Donald Trump's tariffs would result in cost increases — some providing single-digit expected jumps — and some companies have been stockpiling additional imported supplies ahead of anticipated tariffs.
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April 30, 2025
Ohio Top Court Backs Challenged Solar Farm Approval
Justices at the Ohio Supreme Court affirmed a regulatory board's approval of a 350-megawatt solar farm that some Licking County neighbors opposed — though one justice said the company developing it should have presented information about its potential negative economic impacts.
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April 30, 2025
Has Student Housing's Big Moment Just Begun?
A post-pandemic supply crunch and trends in college enrollment have set the student housing industry up for what might be its strongest decade yet, according to Newmark's top deal broker for the sector.
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April 29, 2025
CFPB Aims To Mediate Colony Ridge 'Reverse Redlining' Suit
The Consumer Financial Protection Bureau and a Houston-based real estate developer asked a Texas federal judge Tuesday to pause the bureau's reverse redlining suit so they can engage in mediation to resolve the case.
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April 29, 2025
Condo Assoc., Insurer End Nashville Bombing Coverage Row
Aspen Specialty Insurance Co. and a Nashville condominium association have agreed to end their dispute over coverage for nearly $11 million in damages caused by the 2020 Christmas Day bombing in the city, ending their battle with a joint stipulation of dismissal filed in Tennessee federal court.
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April 29, 2025
Welltower Reports $6.2B In Q1 Deals, Surpassing 2024 Results
Executives of healthcare real estate investment trust Welltower on Tuesday touted the company's work closing more acquisitions during this year's first quarter than it did in all of 2024, ahead of expected economic uncertainty in the year ahead.
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April 29, 2025
PMG Lands $413M Construction Loan For Miami Towers
Developer PMG obtained a $413 million construction loan for the developer's luxury, mixed-use One Twenty Brickell Residences project in Miami in a deal guided by PMG's in-house counsel, Kramer Levin Naftalis & Frankel LLP, Saul Ewing LLP, Bilzin Sumberg Baena Price & Axelrod LLP, Greenberg Trager & Herbst LLP and Milbank LLP, a representative for PMG told Law360 on Tuesday.
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April 28, 2025
Miami Condo Fire Victims Win Class Certification
A Florida state court judge certified a class of more than 140 Miami residents displaced in a condominium fire in a lawsuit alleging the structure was not safely maintained, ruling that the case will proceed more efficiently and that will also financially benefit the individual plaintiffs.
Expert Analysis
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Strategies For Home Equity Investment Providers In 2025
The home equity investment product market is thriving even amid consumer concerns, regulatory scrutiny and conflicting court decisions, setting the stage for a promising but challenging environment for providers in 2025, say attorneys at Sheppard Mullin.
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What Interest Rate Cuts Mean For Housing Markets
The Federal Reserve's recent reduction of interest rates may provide limited immediate relief for real estate sectors, but offers potential opportunities for commercial real estate investors and construction firms, which now face an environment ripe for new projects, say attorneys at Cozen O'Connor.
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California Supreme Court's Year In Review
Attorneys at Horvitz & Levy highlight notable decisions on major questions from the California Supreme Court's last term, including voter initiatives, hostile work environment and the economic loss rule.
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How CFIUS' Updated Framework Affects Global Investors
The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.
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'Reverse Redlining' Suit Reveals Language Risks For Lenders
The Justice Department's case against consumer finance provider Colony Ridge highlights the government's focus on lending to consumers with limited English proficiency and the risks of generating marketing materials in other languages while conducting actual transactions in English, say attorneys at Goodwin.
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Hurricane Coverage Ruling Clarifies Appraisal Scope In Fla.
In a case involving property insurance for hurricane damage, a Florida federal court recently enforced policy limits despite an appraisal award exceeding those limits, underscoring the boundaries between valuation and coverage — a distinction that provides valuable guidance for insurers handling post-catastrophe claims, says Tiffany Bustamante at Cozen O’Connor.
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Feds May Have Overstepped In Suit Against Mortgage Lender
The U.S. Department of Justice's lawsuit against Rocket Mortgage goes too far in attempting to combat racial bias and appears to fail on the fatal flaw that mortgage lenders should be at arm's length from appraisers, says Drew Ketterer at Ketterer & Ketterer.
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Foreclosing Lenders Still Floating In Murky Legal Waters In NY
The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.
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Philly's Algorithmic Rent Ban Furthers Antitrust Policy Trends
A Philadelphia bill banning the use of algorithmic software to set rent prices and manage occupancy rates is indicative of growing scrutiny of this technology, and reflects broader policy trends of adapting traditional antitrust principles to respond to new technology, say attorneys at Ballard Spahr.
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How Property Insurance Coverage Shrank After The Pandemic
Insurers litigating property claims are leveraging rulings that provided relief in the COVID-19 context to reverse the former majority rule on physical loss or damage in all contexts, say attorneys at Reed Smith.
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Why Secured Lenders Must Mind The Gap In UCC Searches
If not adequately addressed, the Uniform Commercial Code filing indexing gap can interfere with a lender's expected lien priority, but taking appropriate preclosing actions and properly timing searches can eliminate this risk, says Robert Wonneberger at Barclay Damon.
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Election Outcome Could Reshape Financial Industry
The policies of the next presidential administration and Congress will shape the landscape of financial services in the U.S. — including banking, mortgage, investment and credit services — for years to come, affecting Wall Street investors and aspiring homeowners alike, say Alexander Hecht and Frank Guinta at Mintz.
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There's No Crying In Property Valuation Baseball Arbitration
The World Series is the perfect time to consider how the form of arbitration used for settling MLB salary disputes — in which each side offers competing valuations to an arbitrator, who must select one — is often ideal for resolving property valuation disputes, say Sean O’Donnell at Herrick Feinstein and Mark Dunec at FTI Consulting.