Among two back-to-back U.S. Supreme Court opinions was one handed down Friday overturning the long-held Chevron doctrine that deferred ambiguous legislation to agency interpretation, giving courts the final say if Congress hasn't specified implementation details. (AP Photo/Alan Diaz)

Real Estate Policy Areas To Watch In Chevron's Wake

Housing rules, permitting practices and climate goals stand to be challenged by an anticipated wave of litigation spurred by back-to-back U.S. Supreme Court opinions that alter how and when judges can interpret ambiguous legislation.

Mayor Eric Adams delivers remarks at an event celebrating the Fiscal Year (FY) 2025 Budget and the administration’s investment of $2 billion in building more affordable housing. 186-188 Ten Eyck Street, Brooklyn. Tuesday, July 2, 2024. Credit: Ed Reed/Mayoral Photography Office.

Real Estate Attys Pore Over Housing Dollars In NYC Budget

The New York City Council approved a $112.4 billion budget on June 30, just one day before the deadline, and while the full budget breakdown has not yet been made public, counsel for real estate developers say the funds could help alleviate the housing development backlog, if used well.

The General Services Administration's attempt to cut back its footprint in Washington, D.C., has caused the vacancy rate for the city's office market to hit a record high of 22.4%, according to a report from CBRE. (AP Photo/Jacquelyn Martin, File)

Gov. Office Shedding Pushes DC Vacancies To Record High

The General Services Administration's moves to cut back its footprint in Washington, D.C., drove the vacancy rate for the city's office market to a record high of 22.4%, with nearly half of the previous quarter's occupancy loss stemming from federal government lease changes, according to CBRE.

Expert Analysis

Realtor Settlement May Create New Antitrust Pitfalls

Colin Ahler

Following a recent antitrust settlement between the National Association of Realtors and home sellers, practices a... (more story)

What Fla. Ruling Means For Insurer Managed Repair Programs

Chip Merlin

A recent Florida state court ruling in Fraga v. Citizens Property Insurance, holding that the insurer could not se... (more story)

Preparing For CFPB 'Junk Fee' Push Into Mortgage Industry

Nicholas Gess, Allen Denson and Ari Selman

As the Consumer Financial Protection Bureau considers expanding its "junk fee" initiative into mortgage closing co... (more story)

Commercial More

Mich. Property Tax Elimination Fails To Get On 2024 Ballot

A constitutional amendment that would have eliminated Michigan's property taxes will not appear on the 2024 state ballot after its backers failed to submit the signatures needed to qualify, the secretary of st... (more story)

Dentons Advises $115M For Stalking Horse Hotel Buy

Dentons guided the financing for a bankruptcy sale of Brooklyn, New York's, William Vale hotel to EOS Hospitality for $177 million in a stalking horse bid approved by a bankruptcy judge in May.

Since the Bipartisan Infrastructure Law was passed in 2021, cleanup efforts are on the rise thanks to an influx of funding through the EPA's brownfields grant program. (iStock)
Data Analysis Shows Swift Influx In EPA Brownfield Grants

A Law360 Real Estate Authority analysis of the U.S. Environmental Protection Agency's brownfield grant awards since the program's inception shows a steep increase in funding, particularly in funding of cleanup... (more story)

House Dems Seek Info From DOI Over Alleged Shale Cartel

House Democrats sitting on the House Natural Resources Committee penned a letter Tuesday seeking information from the U.S. Department of the Interior concerning eight oil companies accused of colluding with th... (more story)

Hospital Operator Leads 2 IPOs Ready To Raise $465M Total

Hospital operator Ardent Health and insurance distributor TWFG Inc. unveiled price ranges this week on initial public offerings that are expected to raise about $465 million combined under guidance by four law... (more story)

Alston & Bird Brings In Sidley Trio To Launch New Offices

Alston & Bird LLP announced on Tuesday that it has opened two new offices in Chicago and Century City with the addition of three lateral partners from Sidley Austin LLP, a move the firm said will strengthen it... (more story)

Procopio Advises $430M Refi For Luxury Austin Hotel

In a deal guided by Procopio Cory Hargreaves & Savitch LLP, Manchester Financial Group has secured a $430 million refinancing with a commercial mortgage-backed securities loan from Goldman Sachs for the luxury... (more story)

Residential More

Tampa Atty Accused Of Fraud In Long-Running House Dispute

A Tampa-area estate lawyer has been accused of fraud conspiracy in a state court lawsuit brought by a former tax attorney who alleges that her house was taken to collect fees stemming from a false guardianship... (more story)

Fund Scores $83M For Workforce Housing Investments

Clear Investment Group raised more than $83 million for a fund that aims to "maximize investor value through the stabilization of distressed workforce housing," the multifamily real estate investment firm said Tuesday.

Residents are accusing a manufactured housing community in Auburn, Massachusetts, of charging excessive rents and deceiving tenants, in violation of the state regulations and the Massachusetts Consumer Protection Act. (iStock.com/Richard Johnson)
Mass. Mobile Parks Residents Say Co. Overcharged Rents

A manufactured housing company took advantage of its Massachusetts mobile home park tenants "for illicit financial gain" by charging them illegally excessive rents, not providing renewing residents with requir... (more story)

REIT Closes On Ground Leases For Calif. Affordable Projects

Real estate investment trust Safehold Inc. announced that the company has closed on ground leases for the development of four affordable housing communities in Santa Clara, California, and Concord, California.

2 Firms Guide Bain Capital Investment In Resi Lender

Dechert LLP and Irella & Manella LLP oversaw Bain Capital's purchase of a controlling stake in residential lender Archwest Capital, a deal that will see Archwest's management retain a significant minority stak... (more story)

Fla. Agrees To Stronger CWA Protections For Piney Point Site

Conservation groups said they've reached an agreement with the Florida Department of Environmental Protection to settle litigation over a phosphogypsum facility in Manatee County, with state regulators agreein... (more story)

SD Homeowners Want Quick Win For Underground Mine Suit

A proposed class of South Dakota homeowners pushed for a quick win in a suit accusing South Dakota of leaving behind a 40-foot underground gypsum mine that's causing their properties to fall into holes and oth... (more story)