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Real Estate

  • September 21, 2018

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen a London no dealing desk sue Merrill Lynch for breach of fiduciary duty, more competition claims against Visa and MasterCard and a German shipper bring a suit against Axa and other insurers.

  • September 21, 2018

    Sens. Urge DOJ Watchdog To Probe FBI HQ Project

    A group of Democratic senators has urged a U.S. Department of Justice watchdog to look into the “abrupt” decision to abandon a plan to relocate FBI headquarters, particularly any influence the White House may have had, according to an announcement Friday.

  • September 21, 2018

    QBE Gets 2nd Chance At Force-Placed-Insurance Coverage

    A New York state appeals court revived a suit by insurer QBE against other insurers over coverage for sprawling underlying litigation over lender-placed homeowners' insurance, saying a contract was misread to grant summary judgment.

  • September 21, 2018

    Calif. Gov. Signs Wildfire Bills, Limiting PG&E Liability

    California Gov. Jerry Brown signed a package of bills Friday that aim to help the state prevent and recover from catastrophic wildfires, including a controversial bill that critics call a bailout for Pacific Gas and Electric Co. but that its author says is needed to save the liability-burdened utility from bankruptcy.

  • September 21, 2018

    LG Panama, Mall Ordered To Show If AC Contract Is Binding

    A Virgin Islands federal judge on Friday vacated an order compelling the owners of a shopping center to arbitrate their dispute with LG Electronics Panama over commercial air conditioning equipment, finding that more discovery is needed to determine whether the contract between the parties was a legally binding agreement.

  • September 21, 2018

    New EB-5 Fraud Suit Against Fla. Man Targets Condo Project

    A Florida man is once again facing accusations of EB-5 visa program fraud after a group of Chinese investors accused him of stealing their funds after throwing around promises for a condominium development that ultimately remained unimproved and empty, causing their petitions for U.S. residency to be denied.

  • September 21, 2018

    Landowner Seeks 10th Circ. Redo Of Okla. Drill Permit Suit

    An Oklahoma landowner has asked the Tenth Circuit to rehear his suit claiming the U.S. Bureau of Indian Affairs let an energy exploration company drill on his land without an environmental review, saying a circuit panel erred in finding that the statute of limitations barred him from filing suit.

  • September 21, 2018

    Real Estate Rumors: Broadcast Music, IDI Logistics, WeWork

    Broadcast Music has reportedly signed a 16-year lease for its 61,390-square-foot Manhattan space, IDI Logistics is said to have landed $16.58 million in financing for a Florida project and WeWork is reportedly leasing 60,000 square feet in New York.

  • September 21, 2018

    Pa. Developer Says Defamation Ruling At Odds With Prior Suit

    A developer asked a Pennsylvania appeals court on Thursday to rehear its suit alleging it was defamed by an environmental group as the two competed over the development of a contaminated industrial site, saying the court's finding that the group’s comments were protected speech is inconsistent with prior rulings.

  • September 21, 2018

    Atlantic City's Woes Stem From Relying On Casino Tax: Report

    A report by the state of New Jersey has outlined the history and causes of Atlantic City's financial woes, linking its problems to the city's reliance on casino tax revenues, and recommended imbuing the tax assessor with more power.

  • September 21, 2018

    ESR Real Estate Offers $505M To Take Over Propertylink

    Private equity-backed real estate company ESR has made an offer to buy all the shares in Australia's Propertylink Group it doesn't already own for roughly AU$693 million ($505 million), Propertylink said Friday.

  • September 21, 2018

    Goodwin's PropTech Group Eyes A Burgeoning Sector

    Goodwin Procter LLP says it's the first major law firm in the U.S. to set up a practice group devoted to the intersection of real estate and technology, and co-leaders of Goodwin's so-called PropTech group recently told Law360 their firm is ideally suited to tackle the complex multibillion-dollar intersection of the two practice areas.

  • September 20, 2018

    Facebook Must Fix Data Policy Or Face Action, EU Says

    A top European Commission official on Thursday slammed Facebook for its "misleading" new data use policy and warned that the site could face sanctions if it doesn't comply with European consumer law by the end of the year, while separately praising Airbnb for making several "necessary" pricing disclosure and consumer redress changes.

  • September 20, 2018

    Calif. Tribe Launches Environmental Review For New Casino

    The U.S. Bureau of Indian Affairs and the Tule River Indian Tribe are moving forward with plans to begin a preliminary environmental review process for a proposed 40-acre casino and tribe housing project in California, according to a notice filed Thursday.

  • September 20, 2018

    2nd Circ. Upholds Tossing NY Couple's $5M Tax Dispute

    The Tax Injunction Act stops federal courts from deciding state tax law issues, the Second Circuit has ruled in a New York couple’s $5 million tax dispute with the state, saying their attempt to use a constitutional right to gay marriage was too broad for a property sales tax matter.

  • September 20, 2018

    Enviros Fight Revamped Federal Permits For $5B Pipeline

    Environmental groups have launched Fourth Circuit challenges to revised permits issued by U.S. Department of Interior agencies for the $5 billion Atlantic Coast gas pipeline, claiming the new permits suffer from similar flaws as the ones previously invalidated by the appeals court.

  • September 20, 2018

    Real Estate Rumors: Paramount, Ladder, Welltower

    Paramount Group could get as much as $160 million with the sale of a New York office and retail property, Ladder Capital is said to have loaned $137 million for a New York Holiday Inn, and real estate investment trust Welltower has reportedly sold a Florida nursing home for $15.4 million.

  • September 20, 2018

    Coast Guard Sued Over River Closure Near Trump Golf Club

    A Washington, D.C., canoeing club Thursday told a Maryland federal court that a Coast Guard rule barring a stretch of the Potomac River to the public whenever President Donald Trump visits Trump National Golf Club is unnecessary and was pushed through without proper notice.

  • September 20, 2018

    Norris McLaughlin Adds Ex-Top Atty At Housing Agency

    Norris McLaughlin PA has added as senior counsel to its real estate and finance practice group the former top lawyer at the Newark Housing Authority who took part in what she called a “real estate renaissance” in New Jersey’s largest city.

  • September 20, 2018

    Select Strategies Pays $78.4M For St. Louis Retail Portfolio

    Real estate investor Select Strategies Realty said Thursday it has scooped up seven retail properties in the St. Louis metropolitan area in a $78.4 million deal, adding a portfolio spanning 1.1 million square feet with big-name tenants including Home Depot Inc., Dick’s Sporting Goods and Burlington Coat Factory. 

Expert Analysis

  • Cloud Computing Clearly The Future For Small Firms

    Holly Urban

    While in-house technology investments on the scale and complexity needed to compete with large firms remain cost prohibitive for small and midsize law firms, cloud-based services offer significant cost savings and productivity gains with little to no capital investment, says Holly Urban of Effortless Legal LLC.

  • Leveraging Today's Lateral Associate Market

    Darin Morgan

    With the Milbank/Cravath pay scale once again equalizing compensation at many Am Law 100 firms, there is even more pressure for firms to differentiate themselves to top lateral associate candidates. This presents strategic considerations for both law firms and lateral candidates throughout the recruitment process, says Darin Morgan of Major Lindsey & Africa.

  • A Closer Look At Proposed Regs For Nonbank Loan Servicers

    Laurence Platt

    A recently introduced bill that would create a new authority over mortgage loan servicers that handle loans for Fannie Mae and Freddie Mac likely has no chance of passage in the short term. But these entities should keep an eye on the potential federal extension of so-called safety and soundness principles, say Laurence Platt and Michael McElroy of Mayer Brown LLP.

  • Q&A

    Back To School: Stanford's Jeff Fisher Talks Supreme Court

    Jeffrey Fisher

    In this series featuring law school luminaries, Stanford Law School professor Jeffrey Fisher discusses his motivation for teaching, arguing before the U.S. Supreme Court and what the court might look like if Judge Brett Kavanaugh is confirmed.

  • 2 Important Takeaways From 7th Circ.'s FHA Ruling

    Jeffrey Rosenberg

    In Wetzel v. Glen St. Andrew, the Seventh Circuit recently held that landlords can be held liable under the Fair Housing Act if they are aware of discriminatory harassment toward their tenants and do nothing to stop it. Just as importantly, the court recognized that the FHA prohibits discrimination based on sexual orientation, say attorneys at the Law Office of Yuriy Moshes PC.

  • Florida Courts Are Prepared For A New Wave Of Foreclosures

    Victor Petrescu

    For Florida practitioners who experienced the foreclosure crisis that swept through the state beginning in 2008, the recent uptick in foreclosure filings may feel ominous. However, Florida's foreclosure jurisprudence has evolved at an incredible pace, capable of expediting the process tremendously if another crisis arises, says Victor Petrescu of Levine Kellogg Lehman Schneider & Grossman LLP.

  • NJ Trial Court Error Resulted In Years Of Litigation

    Lawrence Shapiro

    The New Jersey Appellate Division's reversal in Torah v. Aryeh should serve as a warning for trial judges faced with proceedings arising from an arbitration award. When statutes are involved, their language must be strictly followed, and although arbitration is preferred to litigation, it cannot be coerced or compelled, say Lawrence Shapiro and Nicole Miller of Ansell Grimm & Aaron PC.

  • Avoiding Withholding Tax On Foreign Interest Payments

    Brad Wagner

    Interest paid by a blocker foreign corporation is generally subject to the U.S. withholding tax regime. However, there are two exceptions to the rule, says Brad Wagner of Wagner Duys & Wood LLLP.

  • Calif.'s New Rules For Lawyers Move Closer To ABA Model

    Mark Loeterman

    The first comprehensive overhaul of California's Rules of Professional Conduct in nearly 30 years becomes operational on Nov. 1. Some of the new rules mirror the model language used by the American Bar Association, but many continue to reflect California’s unique approach to certain ethical questions, says Mark Loeterman of Signature Resolution LLC.

  • Post-Florence Insurance Considerations For The Carolinas

    Patrick Aul

    In 2016, Hurricane Matthew was an extraordinary event that caused the Carolinas' departments of insurance to provide additional safeguards for insureds. The impact of Hurricane Florence will likely compel North and South Carolina to take the same actions again, say Patrick Aul and Stephen Pate of Cozen O'Connor.