Residential

  • April 18, 2024

    Mich. Treasury Dept. Clarifies Homestead Property Tax Credit

    Michigan's Treasury Department clarified when a homestead property tax credit applies to property that is contiguous to a property owner's home.

  • April 17, 2024

    Hawaii AG Releases Timeline Of Deadly Lahaina Wildfire

    Hawaii's attorney general on Wednesday released findings from the first report of a three-part investigation into how state and county governments responded to the wildfires that ignited on the island of Maui last year, decimating the historic town of Lahaina and leaving more than 100 people dead.

  • April 17, 2024

    Fannie Mae Gets Partial Early Win In $12M Loan Default Row

    A Texas federal judge mostly sided with Fannie Mae in its suit over a defaulted $23.26 million multifamily loan, of which the government enterprise claims it's still owed $12.56 million.

  • April 17, 2024

    States, Biz Groups Back Fight Over DOE Furnace Rules

    Eighteen states and several business associations are backing gas utility groups' challenge to the U.S. Department of Energy's tighter energy efficiency standards for furnaces and water heaters, telling the D.C. Circuit that the agency is unlawfully forcing a switch to new appliances.

  • April 17, 2024

    Okla. Lawmakers OK Use Of Images For Property Inspections

    Oklahoma would allow county assessors to inspect property remotely using aerial images taken from airplanes after an initial in-person inspection under a bill passed by the state House of Representatives and headed to the governor.

  • April 17, 2024

    NJ Appeals Court Backs Exemption For Adult Support Home

    A New Jersey Tax Court judge was correct in finding that a residential property owned by a charity and used to house a person with intellectual and developmental disabilities was entitled to a tax exemption, a state appeals court ruled Wednesday.

  • April 17, 2024

    Survey Tees Up Another NY City For Rent Stabilization

    A survey of rental stock in Poughkeepsie, New York, revealed a low vacancy rate qualifying the Hudson Valley city to opt in to rent stabilization should its representatives move to declare a housing emergency.

  • April 17, 2024

    Proptech Profile: Jurny Builds AI Base For Short-Term Rentals

    Technology is an essential part of successfully running and scaling up a short-term rental portfolio, given the decentralized nature of the business with properties spread across different locations. But to date, operators have faced a fragmented landscape of tech solutions, which can greatly frustrate their efforts.

  • April 17, 2024

    4th Circ. Affirms No Shield From IRS For Home In Bankruptcy

    A North Carolina man who filed for bankruptcy protection and owes federal tax debt cannot shield the house he owns with his wife from the Internal Revenue Service, which is pursuing the asset as a creditor in the proceedings, the Fourth Circuit affirmed Wednesday.

  • April 17, 2024

    Ore. City And Homeless Class Stake Spots Over Camping Ban

    The U.S. Supreme Court will hear arguments Monday in a case weighing whether an Oregon city's anti-camping laws violate the Eighth Amendment's ban on cruel and unusual punishment. Here, Law360 previews the stances carved out by the city and a certified class of homeless residents.

  • April 17, 2024

    BH Group, Kolter Partner On $102.6M Fla. Beachfront Site

    BH Group and Kolter Group said April 17 they purchased one of the few remaining ultra-luxury beachfront development sites in Florida with a $102.6 million land buy in Naples.

  • April 17, 2024

    An Architect's Guide To Lunar Housing

    While some architects are challenging local zoning codes and designing innovative facades, the team at Bjarke Ingels Group is figuring out how to construct housing to withstand frequent meteorite attacks and one-sixth of the Earth's gravity.

  • April 16, 2024

    IRS Publishes 2024 Average Residence Purchase Price Data

    The Internal Revenue Service published data Tuesday on the average purchase price for U.S. residences in different areas, which is used to determine whether bond interest can be excluded from gross income.

  • April 16, 2024

    NY Budget Deal Revives 421a Credit In Housing Supply Push

    New York Gov. Kathy Hochul said state lawmakers have agreed to the terms of a state budget reviving an expired affordable housing tax credit, backing office-to-residential conversions and taking other steps to combat New York City's housing affordability crisis.

  • April 16, 2024

    Manufactured Housing Cos. Slam 'Nonsensical' Antitrust Suit

    A mobile homes data company and multiple manufactured housing companies once again have urged an Illinois federal court to toss rent price-fixing claims brought by a proposed class of mobile home renters.

  • April 16, 2024

    3 Takeaways From Urban Land Institute's Resilience Summit

    Real estate professionals across the country convened in New York City last week to talk about how to navigate an inconvenient truth in real estate — that extreme weather and climate change must be factored into investments. Here are three takeaways from the conference.

  • April 16, 2024

    Excess Carriers Say Property Co. Not Covered In Antitrust Suit

    Two excess insurers said they don't owe coverage to a property management company for underlying litigation alleging a price-fixing conspiracy involving software company RealPage Inc., telling a Massachusetts federal court that a professional services exclusion in the primary policy bars coverage.

  • April 15, 2024

    Union Pacific Beats Most Claims In Kansas Chemical Spill Suit

    A Kansas federal judge tossed most of a proposed class action's claims against Union Pacific Railroad Co., which is accused of contaminating Wichita properties by mishandling hazardous and toxic materials at an industrial railroad site located at 29th Street and Grove.

  • April 15, 2024

    NYC Offers 'Wholesale' Zoning Update To Boost Affordability

    New York City Mayor Eric Adams and city planning officials are relying on a constellation of zoning changes that loosen parking requirements, permit more density and aid building conversions as part of a plan that could pressure state lawmakers to act on housing costs.

  • April 15, 2024

    Brookfield Cos. Want Va. Homebuyers' Class Action Tossed

    Entities connected to Brookfield Asset Management Inc. urged a Virginia federal court to toss homebuyers' proposed class claims that the entities invalidated their home warranties by building and selling homes without having proper licenses.

  • April 15, 2024

    9th Circ. Says Court Must Consider Pay In Navajo Benefits Bid

    The Ninth Circuit has vacated a ruling that a Navajo Nation member failed to prove he was wrongfully denied relocation benefits after the U.S. gave his ancestral lands to the Hopi Tribe, with a split panel remanding the case to federal district court with instructions to consider evidence of his income.

  • April 15, 2024

    Ind. Tax Board Hikes Home Value Based On Purchase Price

    The Indiana Board of Tax Review increased the valuation of a couple's home based on its purchase price after finding that a sales comparison analysis by the property owners was insufficient to justify a lower value.

  • April 15, 2024

    Addiction Recovery Home Says City Seeks Wrongful Eviction

    An addiction recovery home is suing the city of Lincoln, Nebraska, and the Lincoln-Lancaster County Planning Commission in federal court, saying they are wrongly using zoning rules in a bid to evict residents from one of its homes in violation of the Fair Housing Act and Americans with Disabilities Act.

  • April 15, 2024

    NYC Real Estate Week In Review

    Venable and Holland & Knight are among the law firms that guided the largest real estate deals that hit New York City public records last week, a period that saw four matters north of $20 million become public.

  • April 15, 2024

    Clark Hill Adds Fla. Real Estate Atty With 17 Years' Experience

    Clark Hill PLC has hired a longtime real estate attorney with almost two decades of experience who spent the past nine years working on transactional and other related real estate matters as a solo practitioner, the firm announced Monday.

Expert Analysis

  • Preparing For Legal Scrutiny Of Data Retention Policies

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    Two recent cases involving Google and Meta should serve as a call to action for companies to ensure their data retention policies are updated and properly implemented to the degree of being able to withstand judicial scrutiny, especially as more data is generated by emerging technologies, say Jack Kallus and Labeed Choudhry at Kaufman Dolowich.

  • Echoes Of '80s Thrift Crisis Are Present In Today's Bank Woes

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    The current distress in the banking industry bears an uncanny resemblance to the thrift industry crisis of the 1980s, and while that collapse was a worst-case scenario, it provides lessons for understanding the fundamental economic forces at work today, says Alan Frankel at Coherent Economics.

  • Attorneys Should Have An Ethical Duty To Advance DEI

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    National and state bar associations are encouraging attorneys to apply diversity, equity and inclusion practices in the legal profession and beyond, and these associations should take it one step further by formally recognizing ethical duties for attorneys to promote DEI, which could better the legal profession and society, says Elena Mitchell at Moore & Van Allen.

  • Data-Driven Insights Are Key To Attracting Today's Clients

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    As law firm growth slows and competition for clients increases, modern firms must rely on robust data analytics to develop the sector-based expertise and industry insights that clients increasingly prioritize in relationships with counsel, says Lavinia Calvert at Intapp.

  • EV Chargers Can Bring Benefits For Calif. Property Owners

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    California property developers and owners face growing pressure to provide electric vehicle charging infrastructure — but this can be a unique opportunity to add value to real estate assets, and can be accomplished in multiple ways, say Riley Cutner-Orrantia and Eurie Hwang at Crosbie Gliner.

  • Brownfield Renewables Guidance Leaves Site Eligibility Murky

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    Recent IRS guidance sheds some light on the Inflation Reduction Act's incentives for renewable energy development on contaminated sites — but the eligibility of certain sites for brownfield status remains uncertain, say Megan Caldwell and Jon Micah Goeller at Husch Blackwell.

  • Pending Legislation Holds Promise For SF Buildings

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    Recently introduced state and local legislation could make it easier for office-to-residential conversion projects in San Francisco to secure approval and funding sources, although financial incentives similar to those implemented by other states may be necessary to ensure the feasibility of such projects, say Caroline Chase and Nick DuBroff at Allen Matkins.

  • A Breakdown Of Freddie Mac's New Servicer Custody Rules

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    Freddie Mac's new custodial account requirements are mostly straightforward, but even full compliance with those obligations can't eliminate the risk of unexpected bank failures, so servicers should review the ratings of their depositories and create procedures for evaluating them, says Eric Edwardson at Mayer Brown.

  • Ghosting In BigLaw: Why Better Feedback Habits Are Needed

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    Not giving assignments or constructive criticism to junior associates can significantly affect their performance and hours, potentially leading them to leave the firm, but partners can prevent this by asking the right questions and creating a culture of feedback, says Rachel Patterson at Orrick.

  • Law Needs A Balance Between Humanism And Formalism

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    A recent Law360 guest article rightly questions the pretextual pseudo-originalism that permits ideology to masquerade as judicial philosophy, but the cure would kill the patient because directness, simplicity and humanness are achievable without renouncing form or sacrificing stare decisis, says Vanessa Kubota at the Arizona Court of Appeals.

  • Short Message Data Challenges In E-Discovery

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    As short message platforms increasingly dominate work environments, lawyers face multiple programs, different communication styles and emoji in e-discovery, so they must consider new strategies to adapt their processes, says Cristin Traylor at Relativity.

  • Ambiguity In 'Buy America' Implementation May Slow Projects

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    The White House Office of Management and Budget's most recent guidance, which builds on a complex patchwork of Buy America restrictions that vary by federal agency, would perpetuate government contractors' uncertainty regarding product and material classification and could delay infrastructure projects, say attorneys at Miles & Stockbridge.

  • Thomas Report Is Final Straw — High Court Needs Ethics Code

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    As a recent report on Justice Clarence Thomas' ongoing conflicts of interest makes evident, Supreme Court justices should be subject to an enforceable and binding code of ethics — like all other federal judges — to maintain the credibility of the institution, says Erica Salmon Byrne at Ethisphere.