Residential
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February 13, 2025
Chinese Construction Co. Gets OK For $40M Ch. 11 Financing
CCA Construction Inc., a Chinese state-owned construction firm, received approval to fund its Chapter 11 case with a secured, $40 million debtor-in-possession loan from its parent company, overruling an objection from a developer that had won a $1.6 billion judgment against CCA.
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February 13, 2025
Calif. Fire Debris Ruling Raises LA Blaze Recovery Concerns
A California appellate court's ruling that two homeowners didn't have a covered claim for wildfire debris in their home has raised policyholder concerns that the decision could restrict coverage for Los Angeles fire victims, but some carrier lawyers say the ruling's impact could be limited to claims for lighter damage.
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February 13, 2025
Eric Adams Donor Accused Of Stealing COVID Housing Funds
A New York City hotel owner with ties to Mayor Eric Adams was among three individuals accused of scheming to steal tens of millions of dollars from a program intended to get certain incarcerated individuals out of detention centers during the COVID-19 pandemic, according to an indictment unsealed Thursday.
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February 13, 2025
Condo Association Seeks Over $450K For Property Damage
A Florida condo association is seeking over $450,000 from its insurer for property damage occurring because of various conditions over six years, according to a lawsuit removed to Florida federal court Thursday.
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February 13, 2025
Home Prices In Low-Income Areas On The Rise
The prices of single-family homes saw annual increases in 61% of the low-income areas that Congress sought to economically redevelop with 2017's Tax Cuts and Jobs Act, according to a Thursday report from real estate research firm Attom.
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February 13, 2025
NC Biz Court Bulletin: Defaulted Notes, EB-5 Investor Fraud
The North Carolina Business Court has been handed in the first half of February a receivership case involving a defaulted $17.5 million promissory note, a fraud suit by Chinese EB-5 investors and a request to depose the chief legal officer of Smithfield Foods Inc.
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February 13, 2025
Winston & Strawn Guides $300M Resi Loan Securitizaiton
Residential real estate lender Kiavi Inc., advised by Winston & Strawn LLP, announced Thursday that it closed on the securitization of $300 million in residential transition loans, adding that notes were oversubscribed by five times the available capacity.
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February 13, 2025
Mo. Resolution Seeks Cap For Property Assessment Hikes
An assessment of a residential property in Missouri would not be able to increase more than 8% from its last assessment if voters approve a constitutional amendment under a resolution introduced in the state House of Representatives.
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February 13, 2025
Brookfield Eyes Data Centers In Optimistic Market Outlook
Canadian asset manager Brookfield Corp. said Thursday in its fourth-quarter earnings call it expects the real estate market to recover, and sees big investment opportunities at the intersection of infrastructure and renewable power for data centers.
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February 13, 2025
Atty Can Keep Fees In Foreclosure Row, Mich. Panel Rules
A trial court shouldn't have ordered an attorney to refund fees for representing a condominium association in its failed attempt to foreclose on unit owners because the attorney was not a party to the action or accused of conversion, a Michigan appellate panel found Wednesday.
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February 13, 2025
Artist Sues Over Sculpture Left After Property Sale
An artist says he is owed $175,000 for a sculpture on the grounds of a home in a wealthy Massachusetts waterfront enclave, left there by a friend who sold the property nearly five years ago, according to a lawsuit filed in state court.
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February 13, 2025
SDNY US Atty Resigns, Alleging Trump-Adams 'Quid Pro Quo'
Danielle R. Sassoon, the interim U.S. attorney for the Southern District of New York, resigned Thursday after she refused an order by U.S. Department of Justice officials to drop the federal corruption charges against New York City Mayor Eric Adams and expressed concern the move was part of an improper quid pro quo with President Donald Trump.
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February 13, 2025
NYC Committees OK Resi Project, Citing Steep Affordability
Two key New York City Council committees voted to approve an Akerman LLP-led rezoning application for a 250-unit residential project, announcing Wednesday that they had negotiated deep and permanent affordability carveouts with the developers.
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February 13, 2025
Developer Starts $1B Fla. Mixed-Use Redevelopment Project
Terra started work on the first phase of its $1 billion redevelopment project that aims to turn the Dolphin Station Park-and-Ride Transit Terminal Facility in Miami-Dade County into a 47-acre, mixed-use community with transit options, homes and places to shop, the developer announced Thursday.
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February 12, 2025
One Sotheby President, Wife Hit With Wrongful Death Suit
The president of One Sotheby's International Realty and his wife have been accused in Florida state court of being responsible for causing the death of a woman's adult son in a vehicle collision.
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February 12, 2025
RealPage Wants DC Sanctioned For Tactics In Antitrust Suit
RealPage is moving for sanctions against the District of Columbia and its attorneys at Cohen Milstein in the city's rental housing price-fixing suit, accusing the district of failing to back up a major claim in its 2023 complaint and changing the allegation only when threatened with a Rule 11 motion.
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February 12, 2025
Mich. Justices Urged To Find Vacation Stays A Residential Use
An intellectual property attorney told the Michigan Supreme Court that short-term rentals are permissible under land covenants that only allow residential use, urging the court to follow "the national consensus" established by other state supreme courts that have answered the question.
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February 12, 2025
AIG Unit Says $6M Construction Defect Deal Isn't Covered
An AIG unit said it shouldn't have to cover a $6 million agreement and stipulated judgment between a stucco subcontractor and the owner of an apartment construction project, telling an Arizona federal court Wednesday that the deal is unreasonable and unenforceable.
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February 12, 2025
Roofing Co. Buyout Bid Heats Up With Board, Antitrust News
QXO kept up a pressure campaign against Beacon Roofing Supply Inc. on Wednesday amid a hostile takeover bid, as the technology and software company unveiled a slate of nominations to Beacon's board and announced it had received antitrust clearance from regulators in the U.S. and Canada.
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February 12, 2025
Tax Court Rejects Couple's Bid To Deduct $2.1M Loss
A California couple cannot claim tax deductions for losing $2.1 million tied to real estate and business investments in Indiana, the U.S. Tax Court said Wednesday, saying the taxpayers failed to provide evidence supporting those capital losses.
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February 12, 2025
Investors Returned To Capital Markets In 2024, Colliers Says
Capital markets activity built momentum throughout 2024 after property buyers and sellers began adjusting pricing following a recent turbulence, with commercial broker Colliers projecting further growth in 2025.
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February 12, 2025
NY Appeals Court Questions Lawmakers: 'Can They Do That?'
In a hearing Tuesday before a state appeals court, judges questioned whether recently enacted legislation to curb the courts' interpretation of New York's rent stabilization law amounted to legislative overreach.
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February 12, 2025
Real Estate Group Of The Year: Simpson Thacher
Attorneys from Simpson Thacher & Bartlett LLP advised Blackstone, a longtime client of the firm, on a $7 billion data center campus joint venture with Digital Realty, as well as the investment giant's $725 million sale of a Hawaii resort, earning the firm a spot among the 2024 Law360 Real Estate Groups of the Year.
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February 12, 2025
Construction Group Of The Year: Troutman
Providing counsel on the design and construction of a new Terminal One at New York's John F. Kennedy International Airport and the Big Apple's first soccer-specific stadium, as well as handling litigation over a $2 billion hydroelectric project in Chile, earned Troutman Pepper Hamilton Sanders LLP its selection as one of the 2024 Law360 Construction Groups of the Year.
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February 12, 2025
Ex-NYC Housing Worker Avoids Jail 1 Year After Mass Arrests
A federal judge in Manhattan on Wednesday allowed a former public housing superintendent to avoid jail time after he admitted to taking $3,500 in bribes, imposing the sentence just over a year after the mass arrest of 70 city workers — 63 of whom now stand convicted.

Duane Morris Leader Sees A Looming Tariff 'Tax' Debate
With price increases for certain construction materials likely coming as a result of new tariffs from the White House, contractors may start to make a tax argument in efforts to avoid shelling out additional money for projects, one of Duane Morris LLP's construction leaders told Law360 Real Estate Authority in a recent interview.

Meet The Attys Who Advised A Homebuilder's $5.8B Spinoff
Legal teams at Cleary Gottlieb Steen & Hamilton LLP and Akin Gump Strauss Hauer & Feld LLP helped home construction company Lennar Corp. complete a $5.8 billion spinoff of its land site purchase platform, Millrose Properties Inc., according to a recent announcement.

Ecovie Brings Water Recycling Tech To Real Estate
With building developers and operators increasingly having to pay attention to water management, the property technology firm Ecovie is looking to do its part to help the situation, property by property.
Expert Analysis
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Emphasize Social Spaces During RE Project Public Review
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.
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Complying With Calif. Price-Gouging Law After LA Fires
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.
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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.