More Real Estate Coverage
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August 30, 2024
Partnership Asks 11th Circ. To Restore $9M Easement Break
A partnership asked the Eleventh Circuit to reinstate its nearly $9 million deduction for donating a conservation easement in Georgia, saying the U.S. Tax Court erroneously limited the deduction to its cost basis by claiming partners who contributed the property had held it as inventory.
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August 30, 2024
NJ's Connell Foley Gets New Real Estate Group Co-Chair
New Jersey firm Connell Foley LLP announced Friday that it has elevated a veteran real estate and land use partner to co-chair of the practice group, with an eye on growing the team and expanding its reach.
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August 28, 2024
Austin Light-Rail Plan Faces Fresh Suit Over Transit Tax Model
A purported class of Austin, Texas, residents moved to block the financing structure for a transit plan in their latest state court challenge to the city's Project Connect model approved in a 2020 voter referendum.
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August 28, 2024
DC Circ. Rejects Challenges To Nuke Waste Storage Site
A D.C. Circuit panel rejected a slew of challenges to federal regulators' approval of a temporary nuclear waste storage site in New Mexico, ruling that the U.S. Nuclear Regulatory Commission was right to include forward-looking terms about federally owned spent nuclear fuel in the license.
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August 28, 2024
Real Estate Atty Leaves Seyfarth For Womble Bond In Houston
A seasoned real estate attorney with more than 10 years of experience representing stakeholders in leasing and sale transactions has moved his practice this week to Womble Bond Dickinson's Houston office after more than six years with Seyfarth Shaw LLP.
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August 27, 2024
Clark Hill Adds Atty In NYC From Schoeman Updike
Clark Hill PLC said Tuesday that it is bringing a litigator to its New York City office as a member, one with a focus on financial services and business disputes as well as experience ranging from intellectual property to real estate issues.
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August 27, 2024
4 Firms Build Sixth Street's $250M Industrial REIT Investment
Sixth Street Partners plans to invest $250 million into Plymouth Industrial REIT through a joint venture and preferred equity deal packaged by four law firms, seeing more opportunities with the real estate investment trust on the horizon, according to an announcement Aug. 27.
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August 26, 2024
Green Cement Market May Reach $86B Globally By 2032
The market for environmentally friendly cement in 2032 is estimated to reach $86.2 billion in value, after it reached $36.1 billion in 2023, according to business research firm Allied Market Research.
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August 22, 2024
Ex-Morgan Stanley Representative Concedes SEC Suit
A former Morgan Stanley representative who was criminally convicted in a $4.8 million Ponzi scheme has conceded in a suit brought by the U.S. Securities and Exchange Commission, saying he agrees with the agency that judgment should be issued against him.
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August 22, 2024
RE/MAX Atty Moves To Midwest Real Estate Data As GC
A veteran in-house real estate attorney has joined Illinois-based Midwest Real Estate Data LLC as its general counsel.
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August 22, 2024
Builder Wins $524M Contract For Cybersecurity Agency HQ
The U.S. General Services Administration announced that it has awarded a construction company with a $524 million contract to build the new Washington, D.C., headquarters for a U.S. Department of Homeland Security agency.
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August 22, 2024
Ohio Board Upholds Partial Valuation Of Old Coal Plant
A decommissioned coal plant had two of its parcels properly valued by an Ohio county, but one additional parcel should have its valuation reduced because the structure built on it added no value, the Ohio Board of Tax Appeals ruled.
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August 20, 2024
Ariz. Tribe Wins Pause Of Lithium Project Construction
An Arizona federal judge has granted the Hualapai Indian Tribe's bid for a temporary restraining order in its lawsuit seeking to halt U.S. government approval of a lithium exploration project that it says threatens the life of a sacred medical spring used for cultural and religious purposes.
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August 20, 2024
New Fed Rule Will Help Tribes Sponsor Watershed Projects
The U.S. Department of Agriculture's Natural Resources Conservation Service said it has decided to amend its regulations for watershed projects, so Native American tribes and tribal groups can better carry out improvements for flood prevention and conservation.
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August 20, 2024
Ohio Justices Nix Local Appeal Of Pipeline's $950M Tax Value
An Ohio county auditor cannot appeal a settlement agreement between the state tax agency and an energy company over the $950 million value of a gas pipeline transmission system, the state's highest court ruled Tuesday, upholding the state Board of Tax Appeals.
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August 20, 2024
Affordable Housing Finance Expert Returns To Ballard Spahr
Ballard Spahr LLP welcomed back to its Washington, D.C., office a transactional attorney specializing in the affordable housing market who returned to the firm after nearly two years at Carlton Fields.
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August 20, 2024
A Deep Dive Into Law360 Pulse's 2024 Women In Law Report
The legal industry continues to see incremental gains for female lawyers in private practice in the U.S., according to a Law360 Pulse analysis, with women now representing 40.6% of all attorneys and 51% of all associates.
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August 20, 2024
These Firms Have The Most Women In Equity Partnerships
The legal industry still has a long way to go before it can achieve gender parity at its upper levels. But these law firms are performing better than others in breaking the proverbial glass ceiling that prevents women from attaining leadership roles.
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August 16, 2024
Tutor Perini Nabs $1.66B Honolulu Rail Contract
The Honolulu Authority for Rapid Transportation has tapped Tutor Perini Corp. to design and build a leg for the city's rail line, a contract worth $1.66 billion, per statements from HART and the construction company.
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August 15, 2024
Judge Says Sioux Tribe Can't Hold US Liable In Building Row
The federal government is not responsible for paying for a deteriorating building on the Cheyenne River Indian Reservation, a Federal Claims Court judge has determined, saying that although given every opportunity to present its theory, missteps plagued the tribe's presentation for monetary relief.
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August 14, 2024
Oregon Gets New 600-Acre Wildlife Refuge
Oregon is home to a new 600-acre wildlife refuge in the Willamette Valley between Salem and Eugene intended to preserve a variety of animal and plant species, the U.S. Department of the Interior said Tuesday.
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August 14, 2024
Milbank Atty Shifts Practice, Moves To Davidoff Hutcher
After more than two decades in bankruptcy law, a lawyer who most recently worked as special counsel at Milbank LLP has decided he wanted a change.
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August 14, 2024
DC To Put $61M Toward Upgrading Community Facilities
The District of Columbia received more than $61.3 million from the U.S. Department of the Treasury so that D.C. can improve community facilities such as public libraries and senior centers, the city's mayor, Muriel Bowser, announced.
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August 09, 2024
Restoration Worker Can't Shake Employment Deal Claims
North Carolina's Business Court has pared down a lawsuit between a restoration company and a former employee centered on allegations of breaking employment agreements and misusing licenses, with the court ruling most of the worker's claims had to be tossed, while some of the company's accusations can head toward trial.
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August 08, 2024
No Proof Mining Co. Helped Heiress Hide Cash, Judge Says
A Colorado state judge said Wednesday a creditor seeking to recover a $20 million judgment against a Brazilian airline heiress did not back up claims a company participated in the heiress' scheme to shield money in family accounts and gold mining and gem smuggling operations.
Expert Analysis
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Gov't On Solid Ground In Moving Against Offshore Wind Suit
The federal government's motion to dismiss Save Long Beach Island v. U.S. Department of the Interior, a lawsuit in a D.C. federal court over the designation of portions of the New York Bight as offshore wind energy areas, is backed by strong precedent — and the government could assert additional viable grounds to dismiss the plaintiff's claims, says Stacey Bosshardt at Perkins Coie.
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4 Takeaways From Pa. Draft Environmental Justice Policy
The Pennsylvania Department of Environmental Protection's proposed revisions to its environmental justice policy, seeking to give minority and low-income communities more opportunities to participate in environmental permitting decisions, shed light on the department's shifting priorities and would add considerations for applicants, say attorneys at Saul Ewing.
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Fighting Legal Challenges To Renewable Projects With NEPA
Recent lawsuits in federal court challenging offshore wind energy development highlight how the National Environmental Policy Act — a statute of choice for ambitious energy projects — offers renewable energy developers an opportunity to create informed and defensible agency action that can fend off objections from project opponents, says Andrew Glenn at Husch Blackwell.
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Carbon Cost Injunction Signals Hurdles For Biden Plans
A Louisiana federal court's unusually expansive injunction preventing the Biden administration from using its social cost of carbon estimates in future regulatory guidance may be a sign that the president's environmental agenda will face more aggressive court challenges going forward, say attorneys at WilmerHale.
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How US Trade Obligations Apply To Biden's Infrastructure Law
The Infrastructure Investment and Jobs Act could require some state agencies that receive federal funding for infrastructure to consider for the first time whether U.S. international treaty obligations prevent the application of Buy America preferences for certain government purchases, subjecting them to new liability risks, say attorneys at Akin Gump.
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NY, NJ Lease Auctions Highlight US Push For Offshore Wind
The Bureau of Ocean Energy Management's upcoming auction of new lease areas for wind farms off the coasts of New York and New Jersey demonstrate the Biden administration's desire to foster the U.S. offshore wind industry — and interested parties should track the agency's plans for other coastal areas, says attorneys at K&L Gates.
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Infrastructure Law Is Not All Good News For Construction Cos.
The recently enacted Infrastructure Investment and Jobs Act will help strengthen the construction industry and create jobs, but heightened material costs, conflicts between state and federal law, and environmental concerns must be considered by entities wishing to take advantage of the increased development, say Gary Strong and Madison Calkins at Gfeller Laurie.
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High Court's Return To Wetlands Debate May Bring Clarity
The U.S. Supreme Court's recent decision to revisit the reach of the Clean Water Act, in its forthcoming consideration of Sackett v. U.S. Environmental Protection Agency, may help lift the clouds of uncertainty that have plagued jurisdictional wetlands determinations for decades, says Bryan Moore at Balch & Bingham.
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Electricity Market Competition Helps Consumers And Climate
Lawmakers looking to combat climate change and increase consumer choice should encourage and expand competitive electricity supply markets, to free customers from inefficient and often corrupt vertically integrated monopoly utilities, says Todd Snitchler at the Electric Power Supply Association.
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What Infrastructure Act Means For Transmission Line Projects
The Infrastructure Investment and Jobs Act gives the Federal Energy Regulatory Commission authority to supersede state siting decisions for electric transmission projects, but environmental review requirements make a sudden acceleration of transmission line construction unlikely, say attorneys at Winston & Strawn.
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DOI's Vision For Offshore Wind: Obstacles And Opportunities
The U.S. Department of Interior's recent announcement of its intent to open the U.S. coastline to large-scale offshore wind projects is promising, but wind developers must be ready to confront distinct technical and regulatory challenges in each coastal region, say attorneys at Holland & Knight.
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Jones Act Compliance Strategies For Offshore Wind Projects
Offshore wind developers can use a number of strategies to get projects done while meeting the challenges of complying with Jones Act requirements for the use of vessels built, owned and operated by U.S. persons, say Jonathan Wilconis and Carl Valenstein at Morgan Lewis.
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Biden's Infrastructure Funding Comes With Strings Attached
The bipartisan infrastructure funding bill enacted last November creates new jobs and business opportunities, but its changes to domestic preferences and Made in America enforcement also give rise to new compliance hazards for unwary manufacturers and government contractors, say Jeffrey Belkin and Grecia Rivas at Alston & Bird.