It happens all the time in New York City. Someone buys an apartment relying, without further investigation, on statements made by a sales agent – and then learns, too late, that the statements were incorrect. According to a news report, it happened last year to a purchaser, who placed a $1 million down payment on a $10.5 million Chelsea condo after being told by the selling agent that the ceilings in the under-construction apartment would [...]
Overruling 35 years of precedent, the Illinois Supreme Court has held that buyers of newly constructed homes cannot sue subcontractors for breach of the implied warranty of habitability. Sienna Court Condominium Association v. Champion Aluminum Corporation, 2018 IL 122022 (December 28, 2018). The case involved condominium purchasers who sought recovery for construction defects from the original developer (which sold them the units), the original general contractor, and several of the original subcontractors. The Illinois Supreme [...]
After a lengthy discussion about developer Mid America Apartment Communities' (MAA) ability to meet the density and retail requirements for Downtown Orlando, the Orlando Municipal Planning Board reluctantly voted to approve a zoning change for a 10-story apartment building with less than 4,000 square feet of retail space to be built south of the Bank of America building. Becky Wilson of Lowndes said that half of the space would be used for amenities and leasing [...]