Louisiana Residents Seek Early Win In HUD Conversion Fight
Stars Align For $2B Berkeley Space Center
3 Years After Boom, Multifamily Faces Test As Rates Soar
Louisiana Residents Seek Early Win In HUD Conversion Fight
The residents of a Louisiana apartment development set to be turned into Section 8 housing sought an early win in a suit arguing the government didn't follow its own rule-making process when approving the conversion.
Stars Align For $2B Berkeley Space Center
The University of California, Berkeley, NASA and SKS Partners have worked for years to align their missions for an aerospace campus that would take advantage of Moffett Field's proximity to Silicon Valley and a burgeoning space industry. Now, the development is moving forward.
3 Years After Boom, Multifamily Faces Test As Rates Soar
As COVID-19 spread across the U.S. in late 2020 and early 2021, multifamily housing developers took out large sums of three-year debt to fund a residential building boom as a wave of people migrated out of dense, high-cost markets. Now, the multifamily debt hitting maturity could spell trouble for a sector that, to this point, has held up well amid the pandemic and economic uncertainty.
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Following the pandemic, there has been a wave of cryptocurrency bankruptcies and a related increase in access to i... (more story)
Real estate borrowers are facing significant challenges in financing new acquisitions or developments amid escalat... (more story)
To deny coverage for builders risk claims, insurers have been increasingly relying on two arguments, both of which... (more story)
Commercial More
A brine supplier asked a Louisiana federal court to determine that its insurer does owe defense and indemnity coverage for an underlying suit alleging the supplier leaked toxic chemicals from a salt mine onto ... (more story)
A North Carolina county said an energy company didn't follow through on its plan to build a natural gas electric generating facility, despite the county's significant investment in the project.
A New York City task force on Monday warned 50 property owners, all previously reprimanded by the city for renting space to unlicensed cannabis and tobacco retailers, that it intends to pursue steeper fines ag... (more story)
A group of golf course ownership companies has asked the Fourth Circuit to affirm a trial court's denial of class certification to investors suing over the use of their money by now-defunct Chinese peer-to-pee... (more story)
The Michigan Board of State Canvassers delayed consideration at its Monday meeting of whether a 100-word summary of a proposed constitutional amendment that would eliminate property taxes was sufficient.
A group of women who said they were for years victims of sex trafficking at Atlanta-area hotels agreed to settle on the eve of trial after suing hotel owners and operators they said ignored the crimes happenin... (more story)
An attorney convicted in a marijuana licensing bribery scheme faces a potentially stiff sentence after a Boston federal judge on Monday rejected the defendant's math, showing he only gained $15,000 from the cr... (more story)
Residential More
A Michigan probate judge decided Monday that a 2014 handwritten document found in Aretha Franklin's couch cushion is the controlling will for her estate, setting up the late singer's youngest son to get the "c... (more story)
A group of people who sold homes in Georgia filed a class action against the National Association of Realtors and numerous real estate firms over the compensation rule, which requires sellers to pay a commissi... (more story)
Multifamily giant Greystar Real Estate Partners told a California federal judge it wants a proposed class action tossed that alleges it withheld tenants' security deposits without explanation, saying the court... (more story)
A former employee of a real estate agency told a Georgia federal court Monday that she has finalized the details of a settlement with the company to end her lawsuit alleging she was fired after complaining tha... (more story)
RealPage and several landlords accused of using the company's software to fix residential rental rates across the country told a Tennessee federal court the U.S. Department of Justice is trying to improperly e... (more story)
A Tennessee developer has accused a lender of racketeering, saying in federal court it flouted a $17 million loan agreement and failed to return a $4.3 million deposit after defaulting.
An Arizona federal judge refused to let LoanDepot Inc. escape a proposed Telephone Consumer Protection Act class action, ruling that the mortgage company still violated the TCPA when it called the lead plainti... (more story)