Residential
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October 24, 2025
Fannie Mae Promotes Deputy GC To Acting Top Atty
Fannie Mae announced that it has elevated its deputy general counsel to acting general counsel, after the previous attorney to hold the position decided to move on from the post.
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October 24, 2025
Miskel Backman, Nelson Mullins Steer $68M Fla. Land Buy
Miskel Backman LLP and Nelson Mullins LLP guided a joint venture's $68 million acquisition of a 170-acre tract in Broward County, Florida, where the partnership plans to build a sprawling mixed-use development.
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October 24, 2025
Michigan Appellate Court Clears Up Landlord Liability Dispute
A Michigan appellate court ruled that tenants do not need to prove that their landlords were notified of unfit conditions at their units in order to bring claims under a state law requiring property owners to keep premises in reasonable repair.
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October 24, 2025
Fla. Landlord Not Covered In Rat Infestation Suit, Insurer Says
An insurer said it has no duty to defend or indemnify a landlord accused of causing its tenants to get sick from a rat infestation and unsanitary conditions, telling a Florida federal court Friday that its policy bars coverage for bodily injury arising out of organic pathogens and pollutants.
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October 24, 2025
Blackstone Sells Back Fla. Multifamily Property For $193M
A Blackstone entity has reportedly sold back a South Florida multifamily community for $193 million to an entity related to private real estate investment company TA Realty LLC.
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October 24, 2025
Builder Awarded $1.4M In Subcontractor, Surety Breach Suit
A Florida state court awarded the general contractor for a luxury high-rise condominium in St. Petersburg nearly $1.4 million in damages after finding that a framing and drywall subcontractor and its payment and performance bond surety breached their respective contracts.
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October 24, 2025
Mass. Appeals Court Finds No Evidence To Drop Home's Value
A Massachusetts homeowner failed to show that a local assessor overvalued his property and made procedural errors, the state appeals court ruled Friday, upholding his property's value.
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October 24, 2025
FPI's $3M Deal Gets Initial OK In Yardi Price-Fixing Suit
A Washington federal judge has granted preliminary approval to property management firm FPI Management Inc.'s $2.8 million deal settling out of a proposed price-fixing class action accusing it and others of using Yardi Systems Inc.'s third-party software to inflate residential rents.
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October 24, 2025
2 Firms Guide Federated Hermes' $331M US Real Estate Foray
K&L Gates LLP and Goodwin Procter LLP guided Federated Hermes Inc.'s $331 million purchase of a majority stake in real estate investment manager FCP Fund Manager LP, marking its foray into the U.S. real estate market, the buyer announced.
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October 24, 2025
NY AG Pleads Not Guilty, Says Prosecutor's Appt. Is 'Unlawful'
New York Attorney General Letitia James pled not guilty in Virginia federal court Friday to mortgage-related fraud charges that she says are part of President Donald Trump's revenge campaign against his perceived political foes, teeing up a fight over a White House-appointed prosecutor's legal authority.
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October 23, 2025
Illinois Seeking Transparency With State Farm Suit, Pros Say
In suing State Farm for homeowners insurance data, the state of Illinois is taking an approach to regulating carriers with transparency in mind that could be replicated elsewhere, but lowering climate-influenced costs will be a challenge, experts said.
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October 23, 2025
Judge Axes Va. Homeowner's Suit Over Marine Base Security
A U.S. Court of Federal Claims judge on Oct. 23 tossed a Quantico, Virginia, homeowner's takings suit against the federal government, which was accused of taking her property without just compensation by having military base-related restrictions that impeded her attempts to use the property as a short-term rental.
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October 23, 2025
Blackstone Upbeat On Data Centers, Preps 401(k) Asset Focus
Executives at private equity giant Blackstone Inc. said in a call with analysts on Oct. 23 that data center dealmaking is still on the upswing, and that it is making moves in anticipation of formal guidance from the federal government on the ability of defined contribution retirement plans to invest in alternative assets like real estate.
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October 23, 2025
Del. Justices Won't Reconsider Gellert Seitz Malpractice Ruling
The Delaware Supreme Court on Oct. 23 rejected a request to reconsider its decision affirming the dismissal of a legal malpractice suit against Gellert Seitz Busenkell & Brown LLC over damages a homebuilder said it suffered due to the firm's negligence handling loan-restructuring disputes, saying the request is "without merit."
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October 23, 2025
Court Won't Rethink 'Survivor' Winner's $3M Tax Bill
A Rhode Island federal judge won't reconsider his opinion that the first winner of reality show "Survivor" must pay $3.3 million in taxes, maintaining that it is unclear whether the federal government can take his sister's property to pay down the debt.
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October 22, 2025
What's Next After Fla. Courts Block Condo Termination Bid
The Florida Supreme Court's decision not to take up a developer's appeal of a ruling blocking its bid to redevelop a Miami condominium tower has amplified debate over laws governing condo terminations and whether state legislators should take action.
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October 22, 2025
Slate Nets $64M Refi For Brooklyn Multifamily Property
Slate Property Group and its development partner Avenue Realty Capital took out a $64 million refinancing loan for The Welz, which is their 19-story, 162-unit multifamily residential building in Brooklyn's East Williamsburg neighborhood, Slate announced Wednesday.
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October 22, 2025
'Forthright' Yardi Source Code Production Beats Rent Suit
Yardi thinks it's found the right formula for beating antitrust litigation targeting algorithms allegedly used to fix prices for rental housing, hotel rooms and more, winning a California state court ruling the software company's attorneys say is the first to nix claims by looking at the source code itself.
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October 22, 2025
REIT Inks $7M Settlement Of Ex-CEO's Class Action Claims
A real estate investment trust has reached a $7.125 million deal to end a proposed investor class action brought by its former CEO alleging its insiders breached their fiduciary duties after the company's common stock was diluted by "disastrous" stock redemption decisions.
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October 22, 2025
DHS Unveils Proposal To Reduce EB-5 Investor Visa Fees
The U.S. Department of Homeland Security on Wednesday rolled out a proposed fee schedule for the EB-5 foreign investor visa program that will see investors paying about 14% less in form fees after a steep fee increase in 2024.
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October 22, 2025
NJ Panel Hints Affordable Housing Rules Fight Is Moot
A New Jersey appellate panel questioned on Wednesday whether 28 towns' challenge to interim affordable housing rules might become moot, as permanent regulations are expected within two months — but municipal attorneys argued the current rules have already forced planning decisions that could be upended.
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October 22, 2025
3rd Circ. Tosses Elderly Woman's Solar Panels Fraud Suit
The Third Circuit on Wednesday backed the dismissal of an elderly woman's fraud claims against two solar panel financiers, which she accused of saddling her with a nearly $100,000 debt after she was tricked getting rooftop solar panels a salesperson told her were free.
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October 22, 2025
2 Firms Help Closer Properties Pick Up $76M NYC Sites
Closer Properties, advised by Paul Hastings, is acquiring six adjacent property parcels on Manhattan's Upper East Side from W Financial, led by Meister Seelig & Fein, in a $76 million all-cash deal amid plans to build luxury housing on the sites.
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October 22, 2025
Ex-NY AGs Say James Case Will Rally Office: 'Fuel To The Fire'
New York Attorney General Letitia James' criminal prosecution is unlikely to have any significant effect on the day-to-day operations of her office, including its suits against the federal government and an appeal in President Donald Trump's nearly $500 million civil fraud case, but former leaders of the office say it could strengthen the resolve of her staff.
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October 22, 2025
Institutional Real Estate Allocations Drop, Rebound Expected
Institutional investors planned to put less capital toward real estate strategies in 2025 than what they had earmarked the year prior, marking the first time Hodes Weill & Associates and Cornell University have seen such a decline since they began surveying over a decade ago.
Expert Analysis
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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.
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CFPB Industry Impact Uncertain Amid Priority Shift, Staff Cuts
A recent enforcement memo outlines how the Consumer Financial Protection Bureau's regulatory agenda diverges from that of the previous administration, but, given the bureau's planned reduction in force, it is uncertain whether the agency will be able to enforce these new priorities, say attorneys at Troutman Pepper.