Real Estate

  • October 23, 2020

    10th Circ. Undoes $443K Discovery Sanction Against Enable

    The Tenth Circuit freed Enable Midstream Partners LP from a discovery sanction of $443,000 Friday, saying it had been wrongly punished for failing to produce documents in a class action that accused a customer, Apache Corp., of underpaying royalties to mineral rights owners.

  • October 23, 2020

    Holiday Season Won't Save Many Retailers In Pandemic Year

    Thanks to the COVID-19 pandemic, the holiday shopping season can no longer be counted on to stave off bankruptcy oblivion for dozens of retailers, with major merchants who haven't developed a strong online presence likely to pay the ultimate price, experts told Law360.

  • October 23, 2020

    Cannabis Co. Seeks At Least $3M Over Halted Expansion

    A multistate cannabis operator has sued a real estate company it says backed out of an agreement to pay for a $28 million expansion of its cannabis cultivation and processing facility in Illinois and owes at least $3 million for breaching the deal.

  • October 23, 2020

    Real Estate Rumors: Modalia, Montage, MG3

    Modalia Capital has reportedly paid $11.25 million for a Florida development site, Montage International is said to have bought a Chicago hotel and plans to rebrand the property, and MG3 reportedly paid $11.6 million for a Florida warehouse.

  • October 23, 2020

    Debevoise, Kirkland Steer Stone Point's Bet On Lone Wolf

    Private equity firm Stone Point Capital, guided by Debevoise, will take on the role of lead institutional investor in Lone Wolf, the Kirkland-guided real estate technology company said Friday.

  • October 23, 2020

    Neb. Justices Say Allstate Isn't Liable For Meth Lab Cleanup

    The Nebraska Supreme Court Friday freed Allstate Indemnity Co. from having to pay cleanup costs for a property after tenants used it for methamphetamine production, finding that the policy bars coverage for toxic chemicals or contaminants.

  • October 23, 2020

    5 Tax Ballot Measures To Watch On Election Day

    From a proposal to overhaul California’s property tax system to imposing a graduated income tax in Illinois, voters will have the final say on a number of significant tax-related ballot measures on Election Day. Here, Law360 examines five measures that headline this year’s slate of initiatives.

  • October 23, 2020

    Taxation With Representation: Wachtell, Gibson, Hunton

    In this week's Taxation With Representation, ConocoPhillips inks a $13 billion merger with Concho Resources, Pioneer Natural Resources buys Parsley Energy for $4.5 billion, and real-estate firm Pretium acquires Front Yard for $2.4 billion.

  • October 23, 2020

    Cellnex To Invest €800M For Stake In Telecom Tower Network

    Spanish wireless telecommunications company Cellnex Telecom has linked up with French mobile operator Iliad Group on Friday to invest €800 million (around $949 million) in a company that will operate 7,000 wireless towers in Poland, as Cellnex continues fortifying its infrastructure footprint.

  • October 23, 2020

    Texas Landlords Say Feds Can't Block Evictions Over Virus

    Texas landlords who say they are owed thousands of dollars in unpaid rent have asked a federal judge to block a nationwide eviction freeze, saying the moratorium does nothing to prevent the spread of COVID-19 and goes beyond the federal government's powers.

  • October 23, 2020

    Allen & Overy, Weil Guide £630M Deal For Retirement Housing

    Retirement community owner McCarthy & Stone said Friday it's agreed to be acquired by a unit of Lone Star Funds in a deal that values the business at £630 million (about $822 million) and was guided by Weil and Allen & Overy.

  • October 23, 2020

    Developer, Union Reach Truce To End 'Saliva-Spewing' Pickets

    A Manhattan real estate firm announced it has brokered an agreement with the labor union it accused of endangering lives by blowing "saliva-spewing whistles" at recent pickets, marking the end of a monthlong battle over the developer's use of a nonunionized demolition contractor.

  • October 23, 2020

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

    The past week in London has seen electronics giant Philips take on another Chinese rival over patents, automaker Daimler AG face another group action, and a Canadian pension fund and dozens of others sue troubled security firm G4S. Here, Law360 looks at those and other new claims in the U.K.

  • October 23, 2020

    Australia's Link Group Rejects Nearly $2B PE Takeover Bid

    Australian share-registry operator Link Group on Friday spurned a AU$2.76 billion ($1.96 billion) takeover bid lobbed by private equity firms Carlyle Group and Pacific Equity Partners as too low, but left the door open for continued negotiation.

  • October 23, 2020

    Hotel Group To Get Early Contract Ruling In €93M Apollo Suit

    A judge agreed on Friday to settle some contract disputes early in a lawsuit brought by a Spanish hotel group against Apollo Capital Management over a stalled €93 million ($110 million) resort deal, but warned that the result might mean an early demise for the hotelier's case.

  • October 22, 2020

    'Ambiguous' Exclusion Bars Burst-Pipe Coverage, Judge Says

    A New Mexico federal judge freed Travelers Insurance Co. from having to cover a policyholder's building damage from a broken water pipe, ruling Thursday that an ambiguous policy exclusion applied because the policyholder never questioned it.

  • October 22, 2020

    Development Right Didn't Invalidate Easement, 11th Circ. Says

    A contract clause that allowed limited development on a conservation easement did not disqualify Alabama landowners from claiming tax deductions on the land donations, the Eleventh Circuit said Thursday, partly reversing a U.S. Tax Court decision.

  • October 22, 2020

    Va. Golf Course Dispute Delayed As Dominion Seeks More Info

    A Virginia federal magistrate judge told Dominion Energy on Thursday it can get a brief delay to seek documents tied to a jurisdictional dispute in litigation over business losses allegedly incurred by the former owner of a golf course, which was sculpted from coal ash from the power company that triggered a tangle of environmental issues.

  • October 22, 2020

    Calif. City Accused Of Rushing Housing Approval In Fire Zone

    A Southern California city illegally rushed to approve a 3,000-home development in a high-risk zone despite this year's record-breaking fire season and repeated warnings of danger, environmental groups claim in a California state court suit.

  • October 22, 2020

    Wells Fargo Wants COVID-19 Forbearance Suit Tossed

    Wells Fargo urged a Virginia judge Wednesday to toss a putative class action that claims the bank illegally imposed forbearance plans on mortgages during the COVID-19 pandemic without the account holders' consent or knowledge, which the consumers say hurt their credit and chances to refinance.

  • October 22, 2020

    Real Estate Rumors: EverWest, EOS Investors, HallKeen

    EverWest Real Estate Investors has reportedly paid $13.1 million for a Florida warehouse, EOS Investors is said to be the mystery buyer of a Beverly Hills hotel the U.S. government recently sold, and HallKeen Management has reportedly sold a South Florida affordable housing complex for $14.35 million.

  • October 22, 2020

    Manafort Beats NY Fraud Case, DA Mulls Another Appeal

    A New York appeals court on Thursday tossed state criminal mortgage fraud charges brought by the Manhattan district attorney against Paul Manafort, agreeing with a lower court's decision to dismiss the indictment on double jeopardy grounds.

  • October 22, 2020

    Philly Hospital Aims For Smoother Path Toward Ch. 11 Plan

    Center City Healthcare LLC told a Delaware judge Thursday that it hopes for a smoother ride throughout the rest of its Chapter 11 as it seeks to reconcile claim disputes and pursue potential liability actions on the path toward finalizing a Chapter 11 plan.

  • October 22, 2020

    Ruby Tuesday Gets 2-Month Rent Payment Deferral In Ch. 11

    A Delaware bankruptcy judge on Thursday gave Ruby Tuesday a 60-day rent payment deferral after hearing that the casual dining chain has promised its landlords a cut of a retirement plan trust fund the company is seeking to claim to pay down its debts.

  • October 22, 2020

    Linklaters Reps On €100M Swedish Apartment Complex Sale

    Real estate firm Patrizia AG said Thursday it bought a planned 427-unit apartment complex in a Swedish suburb for €100 million (about $118 million) from a fund affiliated with Linklaters LLP-led property developer Slättö.

Expert Analysis

  • How Fla. Homebuilders Can Protect Pre-Closing Deposits

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    In light of Florida developers' recent success in negotiating for homebuilders to release deposits while some closing conditions remain unfulfilled, there are some ways homebuilders can safeguard their payments, but none of them are easy, says Gary Kaleita at Lowndes Drosdick.

  • Law Firm Tips For Attracting, Retaining Attys During Pandemic

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    Steps law firms can take to attract and keep the best lawyers amid the pandemic include diversifying expertise to meet anticipated legal demands, prioritizing firm culture, and preparing for prospective partners' pointed questions, says Brian Burlant at Major Lindsey.

  • CEQA Suits Can Be Mooted By Construction

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    The California Court of Appeal's recent decision in Parkford Owners for a Better Community v. Placer clarifies that a California Environmental Quality Act lawsuit does not preclude a development project approval recipient from proceeding to complete its project — and if they proceed far enough without an injunction, the case may become moot, says Arthur Coon at Miller Starr.

  • Perspectives

    Finding A Path Forward To Regulate The Legal Industry

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    Gerald Knapton at Ropers Majeski analyzes U.S. and U.K. experiments to explore alternative business structures and independent oversight for law firms, which could lead to innovative approaches to increasing access to legal services.

  • Series

    Lawyering While Parenting: A Day In A Dad's Pandemic Life

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    Christopher Jennison shares a view of his life working from home as a Federal Aviation Administration attorney preparing to first-chair a trial while splitting child care responsibilities with his lawyer wife.

  • Series

    Lawyering While Parenting: A Day In A Mom's Pandemic Life

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    Josephine Bahn shares a view of her life working from home as an attorney at the Federal Deposit Insurance Corporation while splitting child care responsibilities with her lawyer husband.

  • Environmental Policy And The Election: Part 3

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    In the final part of this series, attorneys at Akin Gump look at the presidential candidates' strongly diverging stands on water quality, biodiversity, use of federal lands and environmental justice, and the tool set of executive orders, regulatory rulemakings and permitting decisions they would use to advance their agendas.

  • Mitigating Pandemic-Prompted Construction Defect Risk

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    The residential construction surge resulting from the pandemic may lead to an increase in construction defect claims, but developers can make use of certain contract clauses, risk-transfer mechanisms and state statutes of limitations to minimize liability, say James Prichard and Megan Picataggio at Ball Janik.

  • Environmental Policy And The Election: Part 2

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    Attorneys at Akin Gump analyze the agendas that both presidential candidates have laid out on domestic energy, air quality and international climate diplomacy, and consider likely policy outcomes.

  • 5 Cost-Cutting Strategies For Corporate Legal Departments

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    To achieve long-term reduction in their legal expenses, companies must look beyond law firm hourly rates and better distribute their legal work among high-cost premier firms, low-cost practitioners and alternative legal service providers, and their own in-house teams, says Nathan Wenzel at SimpleLegal.

  • Guest Feature

    Preparing The Next Generation Of Female Trial Lawyers

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    To build the ranks of female trial attorneys, law firms must integrate them into every aspect of a case — from witness preparation to courtroom arguments — instead of relegating them to small roles, says Kalpana Srinivasan, co-managing partner at Susman Godfrey.

  • Guest Feature

    Mentorship Is Key To Fixing Drop-Off Of Women In Law

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    It falls to senior male attorneys to recognize the crisis female attorneys face as the pandemic amplifies an already unequal system and to offer their knowledge, experience and counsel to build a better future for women in law, says James Meadows at Culhane Meadows.

  • Environmental Policy And The Election: Part 1

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    Attorneys at Akin Gump outline both presidential candidates' key environmental and energy policy goals, and identify recent Trump administration environmental rules that may be invalidated through the Congressional Review Act if Democrats win control of both the House and Senate.

  • Guest Feature

    5 Ways Firms Can Avoid Female Atty Exodus During Pandemic

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    The pandemic's disproportionate impact on women presents law firms with a unique opportunity to devise innovative policies that will address the increasing home life demands female lawyers face and help retain them long after COVID-19 is over, say Roberta Liebenberg at Fine Kaplan and Stephanie Scharf at Scharf Banks.

  • IRS Real Estate Push Should Wake Up Foreign Investors

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    Two recently announced Internal Revenue Service audit campaigns targeting nonresident alien investment in U.S. real estate should prompt foreign investors to prepare for greater scrutiny as the agency works to improve tax compliance around such transactions, say attorneys at Holland & Knight.

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