Residential
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September 17, 2025
NC Loan Servicer Can't Escape Default Warning Letter Suit
Housing loan servicer Selene Finance LP must face most of a putative class action accusing it of sending false and deceptive notices regarding loan defaults, with a North Carolina court finding that the plaintiffs have shown various elements of deception.
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September 17, 2025
NRP Group Joins Japanese Co. On $133M Las Vegas Build
Multifamily developer NRP Group on Wednesday announced the financial closing and groundbreaking of a $133 million, 390-unit project in Las Vegas that the company is developing in partnership with an affiliate of Japan's largest condominium builder.
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September 17, 2025
Judge Won't Let Denver Slip Suit Over Bans On Gas Appliances
A Colorado federal judge partially granted environmentalist group Sierra Club's bid to dismiss a suit filed by a coalition of industry trade groups suing Denver over the city's restrictions on certain natural gas appliances.
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September 17, 2025
Calif. Residents Look To Block Tribe's Recognition, Casino
A group of residents and a nonprofit are seeking an expedited order that would block a decision by the Interior Department to give federal recognition to California's Ione Band of Miwok Indians, arguing the federal government is delaying the case to make sure construction of the tribe's casino is completed.
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September 17, 2025
Del. High Court Probes Reviving Gellert Seitz Malpractice Case
A Delaware justice took aim at an argument she seemed to suggest wasn't fleshed out enough in appellate filings as a homebuilder's attorney urged the state Supreme Court on Wednesday to undo Gellert Seitz Busenkell & Brown LLC's win in a legal malpractice case.
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September 17, 2025
5 Firms Ink $520M Financing For Tampa Hotel, Resi Project
Five firms guided a $290 million commercial-property assessed clean energy financing and a $230 million senior loan for Two Roads Development's construction of a mixed-use hotel and residential project underway in Tampa, Florida.
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September 17, 2025
San Francisco Comes Up For Air
A few years ago, many in the real estate world said San Francisco was doomed, but thanks to the artificial intelligence boom and the city's shift toward more business-friendly politics, investors are betting on the Bay Area hub yet again.
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September 17, 2025
CORRECTED: NYC Construction Co. Prez Gets 4 Years For Contract Fraud
The 65-year-old president of a New York City construction company has been sentenced to 48 months in prison after pleading guilty in New York federal court to being part of a fraud scheme involving NYC homeless shelter contracts worth $12 million, the New York City Department of Investigation announced.
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September 17, 2025
These Banks Hold The Most Construction Debt On The Books
Eleven U.S. banks had more than $5 billion in construction debt on their books at the end of the year's first half, and one institution among the group is much more heavily weighted toward construction debt than the other 10.
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September 16, 2025
Deaf Renters Secure Class Cert. In Building Safety Suit
A New York federal judge on Tuesday certified two classes of hearing-impaired or deaf residents at adjacent Manhattan buildings, amid a tenant's claims that the owners failed to install critical safety measures at the properties designed to house hearing-impaired residents.
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September 16, 2025
Feds Can't Avoid Property Owners' Navy Flight Takings Claims
A U.S. Court of Federal Claims judge rejected the government's attempt to shutter property owners' claims accusing the U.S. Navy of violating the Fifth Amendment by boosting flight operations at a Washington air strip, paving the way for a March trial.
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September 16, 2025
Pulte, Insurers Settle Property Damage Coverage Dispute
Two PulteGroup Inc. subsidiaries have settled their property damage coverage suit against multiple insurers in New Mexico federal court, according to the presiding judge's order on Tuesday.
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September 16, 2025
Office, Multifamily Deals Thrive In Calif. Bay Area AI Boom
Office buildings and apartments were the hottest properties to trade hands in the San Francisco Bay Area during the first half of 2025, amid the region's office market rebound as an influx of artificial intelligence companies pop up and claim workspace, according to a CBRE report.
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September 16, 2025
Insurer Must Arbitrate Chemical Injury Coverage Dispute
An insurer must arbitrate its dispute with a homeowners association over coverage for underlying suits claiming that the association's pool contractor allowed hazardous chemicals to spread and injure patrons, a Virginia federal court ruled, finding that the policy's nonbinding arbitration agreement is enforceable under state law.
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September 16, 2025
CORRECTED: Investment Co. Borrows $196M For NYC Condos Refi
Alternative investment manager InterVest Capital Partners borrowed more than $196 million from Deutsche Bank AG to refinance 114 condominium units in Manhattan's Upper West Side neighborhood, according to official property records.
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September 15, 2025
Rocket Mortgage Can't Defeat DOJ's Racial Bias Suit
A Colorado federal judge has declined to toss the federal government's race discrimination suit against Rocket Mortgage, an appraisal management company and an appraiser, finding, among other things, that Rocket could have requested correction of the appraisal at the heart of the suit.
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September 15, 2025
Delayed Notice Of $3.2M Verdict Bars Coverage, Insurer Says
A Florida property owner isn't covered for a $3.2 million judgment entered against it in an underlying personal injury lawsuit, an insurer told a federal court Monday, arguing that the property owner failed to fulfill its reporting obligations and that exclusions in a commercial general liability policy bar coverage.
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September 15, 2025
Building Owner Urges DC Circ. To Weigh Tenant Eviction Row
The owner of a Washington, D.C., multifamily property asked the D.C. Circuit on Monday for an immediate stay of a decision that allowed a tenant to access a unit the owner recovered while the tenant was hospitalized following an arrest, claiming the order puts residents at risk.
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September 15, 2025
No New Deals In $100M Commercial Bribery Case, NY DA Says
Prosecutors told a New York state judge Monday that there would be no plea deals for the men accused of orchestrating a $100 million corporate bribery and kickback scheme and that they were headed for trial in January, prompting defense attorneys to cry foul.
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September 15, 2025
Calif. Nonprofit Launches Affordable Housing PE Fund
BRIDGE Housing launched a private equity fund that's on pace to raise $350 million to fund the construction, preservation and acquisition of affordable and workforce housing "in major metropolitan areas in California, Oregon and Washington," the Golden State-headquartered nonprofit announced Monday.
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September 15, 2025
Condo Group Says Insurer Undervalued $3.8M Plumbing Loss
A condominium association accused an AIG unit in Florida federal court Monday of "grossly" undervaluing the amount of damages it incurred from a cracked water pipe, saying the entirety of its plumbing system has since failed, causing more than $3.8 million in repair and replacement costs.
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September 15, 2025
LA Developer Agrees To Tear Down Homes In Laurel Canyon
The Los Angeles city attorney on Monday announced a plea agreement with one of two developers accused of violating building and safety guidelines by restarting construction on a contentious five-home development in Laurel Canyon.
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September 15, 2025
NYC Real Estate Week In Review
Greenberg Traurig and Goldberg Weprin are among the law firms that picked up work on the largest New York City real estate deals that hit public records last week, with all five of the week's top deals happening in Manhattan.
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September 15, 2025
JLL Guides $1.1B Multifamily Sale, Freddie Mac Financing
Fairfield acquired a 15-property multifamily portfolio spanning six states from Sunroad Enterprises in a $1.1 billion blockbuster deal, seller-side broker JLL announced Monday.
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September 15, 2025
RI Court Halts Political Criteria In $75M Homelessness Grant
A Rhode Island federal judge granted a temporary restraining order directing the U.S. Department of Housing and Urban Development to disburse grants through a $75 million program to combat homelessness after groups complained the Trump administration sought to impose new barriers to winning funding.
Expert Analysis
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What Contractors Can Do To Address Material Cost Increases
In light of the Trump administration's plans to increase tariffs on Mexico, Canada and China, construction industry players should proactively employ legal strategies to mitigate the impacts that price increases and uncertainty may have on projects, says Brenda Radmacher at Seyfarth Shaw.
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Reg Waiver Eases Calif. Rebuilding, But Proceed With Care
California Gov. Gavin Newsom's executive order suspending some environmental review and permitting requirements for the reconstruction of homes and businesses damaged by recent wildfires may streamline rebuilding efforts, but will require careful navigation of the evolving regulatory landscape, says Gregory Berlin at Alston & Bird.
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A View Of The Shifting Insurance Regulatory Landscape
Attorneys at Eversheds Sutherland explore how the Federal Insurance Office's climate report, the new presidential administration and the California wildfires might affect the insurance regulatory landscape.
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The Tides Are Changing For Fair Access Banking Laws
The landscape of fair access banking laws, which seek to prevent banks from denying services based on individuals' ideological beliefs, has shifted in the last few years, but a new presidential administration provides renewed momentum for advancing such legislation against the backdrop of state efforts, say attorneys at Latham.
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How Congress Can Stem Consumer Finance Law Uncertainty
In the face of rising uncertainty about consumer finance laws that are based largely on fluctuating administrative rules, Congress should cement certain existing laws into statute and clarify federal agencies' delegations of authority, say attorneys at Bradley Arant.
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Illuminating The Trend Of Florida's Unpaid Hurricane Claims
The sheer number of insurance claims closed without payment for damage caused by Hurricanes Milton and Helene reveals a systemic problem within Florida's insurance industry exacerbated by complex issues, including climate change and state regulators' resource limitations, say attorneys at Farah & Farah.
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Insurance Considerations For LA Wildfire Recovery
Businesses and homeowners affected by the destructive Southern California wildfires must act swiftly and strategically to navigate the complexities of the insurance recovery process, including by identifying all applicable policies, documenting damage thoroughly and keeping abreast of relevant state law, say attorneys at Morgan Lewis.
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LA Wildfires' Effect On Calif. Insurer Of Last Resort
Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.
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Algorithm Price-Fixing Ruling May Lower Antitrust Claims Bar
A Washington federal court's refusal to dismiss Duffy v. Yardi Systems, an antitrust case over rent prices allegedly inflated by revenue management software, creates an apparent split in the lower courts over how to assess such claims, say attorneys at Morgan Lewis.
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California's New Homeowner Law Could Hamper Foreclosures
While A.B. 2424, which took effect this month in California, gives homeowners in default additional protections, it also provides loopholes that can be used to delay foreclosure auctions, and the cost of these delays will likely be passed on to the borrower, says Stephen Britt at Severson & Werson.
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Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.
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What's Ahead As Transparency Act Comes To A Crossroads
Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.
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Ohio Banking Brief: All The Notable Legal Updates In Q4
Ohio's banking and financial services sector saw several significant developments in the fourth quarter of 2024, including a landmark Uniform Commercial Code ruling, adjustments to the state's Homebuyer Plus Program and the launch of the state's first women-led bank, says attorney Alex Durst.