CHICAGO — Data Shows City’s Labor Market Stabilizing - Federal Reserve Bank of Chicago President Austan Goolsbee said the latest jobs report suggests the labor market is stabilizing at full employment and is not a sign of an...more
With the New Year under way, we wanted to provide updates on legislative activity and other developments affecting multifamily properties in the region and across the country, including Maryland Building Energy Performance...more
Rent control continues to be headline news, with local legislation being enacted and national legislation being proposed. The rent control law in Prince George’s County was enacted yesterday and it appears that the rent...more
Rent control laws continue to evolve in Montgomery and Prince George’s Counties. The rent control law enacted last year in Montgomery County will become effective once regulations are adopted. Our recent Alert discussed these...more
On Friday, June 14, 2024, the Montgomery County Department of Housing and Community Affairs (DHCA) delivered proposed regulations to the Montgomery County Council (Council) for review and consideration. The proposed...more
The Connecticut General Assembly recently passed a bill requiring municipalities to assess properties used solely for low and moderate-income housing based on the capitalized value of their net rental income....more
Our prior Alert discussed the Prince George’s County temporary extension of rent control, Montgomery County rent control updates and the much-anticipated rent control regulations, rental license fee increases, new housing...more
There have been a number of new regulatory developments since our prior Alert, including updates on Prince George’s County rent control, Montgomery County tenant protections, Montgomery County Right of First Refusal (ROFR)...more
Our recent Alert focused on the D.C. Housing in Downtown program, the Montgomery County Right of First Refusal legislation, rent control in Montgomery and Prince George’s Counties, the SCOTUS rent control challenge denial,...more
Our recent Alert included details and updates on new Montgomery County rent control regulations, an expanded right of first refusal (ROFR) process, and our related advocacy efforts....more
The Florida Legislature continues to modify the proposed changes to the Live Local Act (Act) through the latest version of Senate Bill 328 (SB 328), passed on February 7, 2024. For background on the original Act, see “Live...more
As noted in our prior Alert, the Montgomery County Department of Housing and Community Affairs (DHCA) published draft regulations on February 1 to implement the County’s new rent control law. By its terms, the rent control...more
If you have been following our recent Alerts, you are aware that the multifamily industry has been subject to a series of chilling legislative actions and proposals. Today’s Alert focuses on two very recent high-profile...more
Regulation of the multifamily industry appears to be continuing. Our most recent Alert discussed Maryland Governor Moore’s proposals for the Renters Rights and Housing Stabilization Act of 2024; rent control updates; our Rent...more
As a follow-up to our recent alert, here are some updates on regional and national legislative activity impacting real estate...more
New rent control legislation in Montgomery County (Rent Stabilization Bill (15-23)), signed into law by the County Executive on July 24, 2023 after a marathon legislative session, caps annual increases of base rent for...more
CHICAGO — Mayor Johnson Launches Campaign to Close Chicago’s Device Gap- Mayor Brandon Johnson, in partnership with World Business Chicago, announced the launch of a month-long campaign encouraging Chicago’s business...more
On March 29, 2023, Governor Ron DeSantis signed into law Senate Bill 102 (Live Local Act) that becomes effective July 1, 2023. The Live Local Act, among other things, seeks to provide available and affordable housing to the...more
Chicago will begin testing parking enforcement technology and smart loading zones following an ordinance the City Council passed March 15. The technology will automatically issue tickets for parking or standing violations in...more
New Jersey presents a particular challenge for multifamily owners and managers. Unlike New York City, which has clearcut laws governing rent control, New Jersey has more than 100 municipalities, each with its own rent control...more
On October 27, 2022, the Fifth District Court of Appeals decided 2-1 that the proposed rent control ordinance should be enjoined from placement on the November ballot. The effect of the opinion is that as of yesterday,...more
The Ninth Circuit rejected a Fourth Amendment challenge to the City of San José’s Apartment Rent Ordinance, ruling that the plaintiff landlords had failed adequately to allege a reasonable expectation of privacy in the...more
While the results are yet to be certified, it is clear, a week after Election Day, that Californians have rejected both Proposition 15 – The California Schools and Local Communities Act of 2020 (“Prop. 15”) and Proposition 21...more
In late October, we reported on a number of California, San Francisco, and regional propositions, including measures impacting real estate and other taxes, rent control, affordable housing, permits, and governance. At the...more
On Tuesday, September 1, the Trump administration announced an order, put forward by the Centers for Disease Control and Prevention, that claims to suspend residential evictions through the end of the year for many tenants...more