Residential

  • February 11, 2025

    Eaton Fire Victim Wants Sanctions Against SoCal Edison

    A victim of the recent devastating Eaton Fire in Altadena has told a California state judge that Southern California Edison and its attorneys should face sanctions for allegedly concealing efforts to reenergize electrical transmission lines while the blaze was still burning last month.

  • February 11, 2025

    Insurer May Need To Pay Landlord Row Atty Fees, Panel Says

    A California state appeals court found in a partial reversal that an insurer may not be owed more than $300,000 in disputed attorney fees following a $925,000 settlement it contributed to on behalf of a landlord it insured over a tenant dispute.

  • February 11, 2025

    Colo. Bill Would Offer Spread-Out Property Tax Payment Plan

    Colorado would allow residential and commercial property owners to pay taxes in four installments, rather than two, under a bill introduced in the state House of Representatives.

  • February 11, 2025

    NJ Bill Seeks Tax Credits For Housing At Abandoned Sites

    New Jersey would create corporate and gross income tax credits for completed residential housing projects at abandoned commercial building sites under a bill introduced in the state Senate.

  • February 11, 2025

    NY Bill Would Direct New Tax Revenue To Property Tax Cuts

    New York state would require money derived from new or increased taxes to be used to reduce local property taxes under a bill introduced in the Senate.

  • February 11, 2025

    Joint Venture Wraps Up $131M Ariz. Apartment Complex Sale

    A joint venture between real estate companies Rockpoint and The Related Group sold a 388-unit Phoenix apartment complex to Goodman Real Estate for $131.1 million in a deal guided by Marcus & Millichap's Institutional Property Advisers division, the brokerage firm announced Tuesday.

  • February 11, 2025

    Investor Oaktree Closes $16B Distressed Debt Fund

    Los Angeles-based Oaktree Capital Management on Tuesday said it had closed a $16 billion distressed-debt fund aimed at providing capital to companies in a variety of industries, with Kirkland & Ellis advising. 

  • February 11, 2025

    NYC Mayor Says Bribery Case Is Over, Despite Silent Docket

    Amid an absence of activity on the court docket, New York City Mayor Eric Adams declared Tuesday that the federal bribery case against him "will no longer continue," following reports of a U.S. Department of Justice memo directing prosecutors to drop the case.

  • February 11, 2025

    Developer Trio Tops Out $197M Nashville Residential Project

    A trio of developers including PMG, New Valley and RMWC announced that their 16-story, mixed-use project in Nashville, Tennessee, has completed its vertical construction and will open to residents by the end of the year.

  • February 10, 2025

    Lawmakers Look To Strike COVID-Era Renter Rights

    Federal lawmakers introduced bicameral legislation on Monday that would repeal a provision of the COVID-19 stimulus bill under which landlords must provide 30-day notices to tenants who have missed rent payments before beginning eviction proceedings.

  • February 10, 2025

    Calif. Ruling Holds Wildfire Debris Not A Coverable Loss

    Two California homeowners didn't have a covered claim for wildfire debris that infiltrated their home, a state appeals panel ruled, saying there was no evidence the debris caused the kind of loss or damage required for coverage.

  • February 10, 2025

    Morgan Stanley Exec Sees US Real Estate Poised For Upturn

    There is a lot of volatility and uncertainty in the world today, but a number of conditions point to the U.S. real estate market still being well-positioned to forge a recovery over the next few years, a leader of Morgan Stanley's real estate investment arm told attendees at a recent conference in Miami.

  • February 10, 2025

    DC Apartment Owner Finds Ch. 11 Buyer Via Credit Bid

    The owner of a Washington, D.C., apartment building told a Delaware bankruptcy judge it found a buyer for the property who will acquire the asset through a credit bid.

  • February 10, 2025

    QXO Rips Roofing Co. For Misleading Investors On $11B Offer

    QXO Inc. accused Beacon Roofing Supply Inc.'s board of directors on Monday of "cherry-picking" and manipulating performance metrics in statements urging shareholders to reject an $11 billion hostile takeover bid, adding that its offer is compelling, especially given the lack of competing proposals.

  • February 10, 2025

    Calif. Residents Say Co. Can't Prove Price-Fixing Conspiracy

    Two California residents urged a federal judge to grant them a win in a suit accusing them of conspiring to overcharge a buyer that wants to acquire their property to build a city, saying the buyer can't prove they participated in any price-fixing scheme.

  • February 10, 2025

    Dallas Loses Bid To Reinstate Short-Term Rental Ban 

    A Texas appeals court has ruled that two Dallas ordinances criticized for effectively banning short-term rentals don't gel with property rights enshrined in the state's constitution, siding with landlords who do business on Airbnb and Vrbo. 

  • February 10, 2025

    Ill. House Bill Seeks Study Of Eliminating Property Tax System

    Illinois would direct its Department of Revenue and the governor's Office and Management and Budget to determine the possibility of eliminating the state's property tax system and replacing the revenue with income tax receipts under a bill introduced in the state House of Representatives.

  • February 10, 2025

    Greenberg Traurig, Kirkland Guide $195M Hotel, Condo Loan

    Property owner, operator and developer GFI Capital Resources Group Inc. borrowed a $195 million mortgage loan for its downtown Manhattan hotel and condominium building in a deal guided by Greenberg Traurig LLP and Kirkland & Ellis LLP.

  • February 10, 2025

    NYC Real Estate Week In Review

    Greenberg Traurig, McDermott Will & Emery and Pryor Cashman are among the law firms that landed work on the largest New York City real estate deals that hit public records last week, with an SL Green Realty Manhattan transaction leading the way.

  • February 07, 2025

    Rocket Mortgagors Say New Judge Tilted 4th Circ. Decision

    Borrowers who accused Rocket Mortgage of inflating their home values have asked the full Fourth Circuit to reconsider a panel ruling that reversed their class certification, arguing that the panel only reversed course from its previous ruling because a federal judge, sitting by designation, joined the panel the second time around.

  • February 07, 2025

    Fla. Atty Couple Can't Escape Verdict Over Abandoning House

    A Florida state appeals court has reinstated the original verdict against an attorney husband and wife team for breaching a lease agreement on a rental house and leaving it in disrepair, ruling that a reasonable jury could find that the landlord performed his expressly authorized duties to preserve the property.

  • February 07, 2025

    Appellate Court OKs Trim Of Goldman Family Portfolio Battle

    A New York state appellate court affirmed a trial court's toss of several claims brought against the late Sol Goldman's real estate empire by inheritors who allege his daughter squeezed them out of the family business and manipulated an appraisal when they sought to cash out on their stake.

  • February 07, 2025

    Property Plays: KKR, Freshfields, Sonesta

    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.

  • February 07, 2025

    SoCal Edison Says Its Equipment May Have Caused Hurst Fire

    Southern California Edison told a state energy regulator that it believes its utility equipment might have ignited last month's Hurst Fire in northern Los Angeles County, but it's still investigating the cause of the area's far more destructive Eaton Fire.

  • February 07, 2025

    Roofing Co.'s Board Fights $11B Hostile Takeover Offer

    Beacon Roofing Supply Inc.'s board of directors is urging shareholders to reject an $11 billion hostile takeover bid by QXO Inc., noting the offer is no different from the technology and software company's earlier proposal.

Expert Analysis

  • Emphasize Social Spaces During RE Project Public Review

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    As Boston continues to work through revisions to its public review process for real estate projects, developers attempting to balance impact mitigation and community improvements may benefit from emphasizing the ways in which development plans can facilitate open social exchange, says David Linhart at Goulston & Storrs.

  • Complying With Calif. Price-Gouging Law After LA Fires

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    The recent tragic Los Angeles fires have brought attention to the state's sometimes controversial price-gouging protections, and every California business should keep the law's requirements in mind, despite the debate over whether these statutes help consumers, say attorneys at Cooley.

  • What Contractors Can Do To Address Material Cost Increases

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    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.

  • Reg Waiver Eases Calif. Rebuilding, But Proceed With Care

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    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.

  • A View Of The Shifting Insurance Regulatory Landscape

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    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.

  • The Tides Are Changing For Fair Access Banking Laws

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    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.

  • How Congress Can Stem Consumer Finance Law Uncertainty

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    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.

  • Illuminating The Trend Of Florida's Unpaid Hurricane Claims

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    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.

  • Insurance Considerations For LA Wildfire Recovery

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    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.

  • LA Wildfires' Effect On Calif. Insurer Of Last Resort

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    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.

  • Algorithm Price-Fixing Ruling May Lower Antitrust Claims Bar

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    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.

  • California's New Homeowner Law Could Hamper Foreclosures

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    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.

  • Small Biz Caught In Corporate Transparency Act Crossfire

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    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.