Federal Single-Family Rental Bills Face 'Virtually Zero Odds'
Construction Hiring Cooled In November, Labor Data Shows
2 Firms Guide Single-Family Rental Startup's $22M Funding
Federal Single-Family Rental Bills Face 'Virtually Zero Odds'
A pair of bills introduced in Congress this month that would require hedge funds to sell off single-family homes and impose tax penalties on other Wall Street landlords have little chance of becoming law but could provide templates for states, experts say.
Construction Hiring Cooled In November, Labor Data Shows
Growth in the construction sector slowed significantly in November, showing a decline in jobs in the residential construction industry, according to data from the U.S. Bureau of Labor Statistics.
2 Firms Guide Single-Family Rental Startup's $22M Funding
A technology startup focused on single-family homes that aims to fill its properties with tenants using federal rental assistance vouchers secured $22 million in funding, with guidance by Morrison Foerster LLP and Bernstein Shur Sawyer & Nelson PA, according to a Thursday announcement.
Expert Analysis
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Commercial More
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Property Plays is a weekly roundup of the latest loans, leases, sales and projects around the country. Send your tips — all confidential — to realestate@law360.com.
A New York state appellate court has upheld a $1.08 million rent arrears judgment for a Durst Organization unit against a movie theater tenant, finding that the company vacated the property too early to take a... (more story)
A New York bankruptcy judge on Friday denied lenders an emergency motion to take over management of the Times Square Margaritaville resort, saying there was no evidence of an urgent need to swap control and th... (more story)
Residential More
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Rocket Mortgage can't duck claims that it compelled mortgage brokers to work overtime hours without commensurate pay, as an Arizona federal judge ruled that workers' claims about their regular after-hours work... (more story)
Brokerage Keller Williams Realty Inc. has told a Florida federal judge it should be released from a case alleging violations of the Racketeer Influenced and Corrupt Organizations Act, saying the "nonsensical" ... (more story)
A Florida property owner took a QBE subsidiary to federal court over more than $1.2 million in unpaid coverage for damage caused by Hurricane Ian, alleging the insurer wrongfully refused to pay for its losses.
Santander Bank NA and an interracial couple who accused it and its appraiser of undervaluing their home and denying them refinancing because of racial bias have agreed to a confidential settlement of their dis... (more story)
A bankruptcy judge has denied an objection by debtors including Banyan Cay Resort & Golf LLC to a $1.5 million deficiency claim that a Chapter 11 lender made after taking possession of the resort as collateral... (more story)
An investment advisory company told a Michigan federal judge that a group of homebuyers should not be allowed a third chance to bring a complaint alleging multiple companies ran a national bulk homebuying prog... (more story)