Real Estate

  • September 23, 2019

    Real Estate Investors Bullish Despite Decade-Long Upcycle

    Despite being a decade into the current upcycle, a majority of investors are still bullish on commercial real estate over the coming 12 months, according to a forthcoming report from DLA Piper that Law360 has obtained.

  • September 23, 2019

    Airbnb, NYC Spar Over Quick Win Bids In Data Ordinance Row

    Airbnb and HomeAway are refusing to back down in their bid to strike down an allegedly unconstitutional New York City ordinance requiring short-term rental platforms to hand over hosts' personal information, while the city is countering that "widespread illegality" on these platforms justifies the rule. 

  • September 23, 2019

    Law Firm Rates Can Be Sealed In Claims Court Army Dispute

    A property owner can file under seal a comparison of law firm billing rates meant to help determine its attorney fees after winning a takings claim against the Army, as that comparison is a commercial document not based on public data, the Court of Federal Claims has ruled.

  • September 23, 2019

    Purported Metals, Real Estate Co. Must Repay Investors

    A pair of investment firms will get their money back from a California-based company that claimed to have interests in residential properties and silver stockpiles but was actually buying cryptocurrency before defaulting on a loan, according to a Massachusetts federal judge's order on Monday.

  • September 23, 2019

    Ditech Says New Ch. 11 Plan Protects Consumer Creditors

    Mortgage company Ditech Holding Corp. is asking a New York bankruptcy judge to approve a revised Chapter 11 plan, saying it has reached an agreement with its consumer creditors that will boost the ability of its mortgage holders to correct mistakes in their accounts.

  • September 23, 2019

    Mortgage Cos. Ask Full 5th Circ. To Revisit $298M FCA Verdict

    Two mortgage loan companies want the full Fifth Circuit to rehear their appeal of a nearly $300 million judgment arising from alleged federal loan insurance fraud during the mortgage crisis, saying the original appeals panel twisted a causation standard.

  • September 23, 2019

    Caesars Entertainment Selling Vegas Hotel For $516M

    Caesars Entertainment has reached a deal to sell a Las Vegas hotel and casino for $516.3 million to a company affiliated with a principal at real estate investment firm Imperial Cos., Caesars announced on Monday.

  • September 23, 2019

    Real Estate Rumors: Mirae, Claremont, Equus Capital

    A Mirae Asset Global Investments venture is reportedly hoping to sell a Chicago tower for $245 million, Claremont Cos. is said to have sold a Florida hotel for $44 million and Equus Capital has reportedly landed $72.1 million for a Texas office campus.

  • September 23, 2019

    Rising Star: Akin Gump's John Bain

    Akin Gump Strauss Hauer & Feld LLP partner John Bain has built a broad real estate practice that blends elements of the energy and retail sectors, and thanks in part to his multibillion-dollar transactional work for 7-Eleven, Bain has earned a spot among a small group of real estate lawyers under 40 honored by Law360 as Rising Stars.

  • September 23, 2019

    Don't End Fight Over FERC Pipeline Approval, DC Circ. Told

    There's no reason why the Fourth Circuit's invalidation of a U.S. Forest Service authorization for the $7 billion Atlantic Coast gas pipeline should scuttle challenges to the Federal Energy Regulatory Commission's approval of the controversial project, the D.C. Circuit has heard.

  • September 23, 2019

    4 Firms Help Adler Real Estate With $778M Buy

    Freshfields, Meitar Liquornik, Arendt & Medernach and Norton Rose have assisted Adler Real Estate on various aspects of its roughly €708 million ($778.1 million) deal to buy a stake in Ado Properties via purchase of a major Ado shareholder.

  • September 23, 2019

    PE-Backed Data Center Co. Gets Up To $500M For Growth

    Abu Dhabi-based investment shop Mubadala Investment Co. has agreed to inject up to $500 million into private equity-backed data center operator and cloud services provider Cologix, the companies said Monday.

  • September 23, 2019

    German Real Estate Co. Inks $1.25B Deal For Swedish Peer

    Vonovia said Monday it will take a majority stake in private equity-backed Hembla in a deal that values the company at 12.23 billion Swedish krona ($1.25 billion), as the German real estate firm looks to deepen its presence in Sweden. 

  • September 20, 2019

    DOJ Says Mich. City’s Block Of Mosque Plans Is Illegal

    The U.S. Department of Justice accused Troy, Michigan, of violating federal law when it denied an Islamic community center's bid to create the city's first mosque, making the city the latest target in a push to enforce a religious land-use law.

  • September 20, 2019

    Gov't Asks To Sell Apt. To Satisfy Man's $6.5M Tax Debt

    The U.S. government told a Connecticut federal court on Friday to enforce a lien against an Illinois man who owes a tax debt of more than $6.5 million by allowing the government to sell an apartment he owns.

  • September 20, 2019

    Building Owner Wants Insurer Suit Over Stabbings Tossed

    A Houston building owner has asked a federal court to toss an insurer’s bid to escape liability for a double stabbing in an apartment complex, arguing that the RLI Corp. unit is making a stingy read of Texas insurance law.

  • September 20, 2019

    Court Will Redo Damages Interest In Deutsche RMBS Suit

    A Texas federal court agreed on Thursday to rethink its 2017 ruling that determined the interest rate for calculating damages in the Federal Deposit Insurance Corp.'s suit over Deutsche Bank Securities Inc.'s sale of shoddy residential mortgage-backed securities.

  • September 20, 2019

    Ohio Gov. Too Central To Permit Delays To Exit Suit: Telecom

    A telecom has urged an Ohio federal judge to keep the state's governor and lieutenant governor as defendants in a lawsuit over delayed broadband permits on Ohio public lands, arguing they are directly responsible for a drawn-out approval process.

  • September 20, 2019

    Ex-NJ Political Boss Disbarred Over Corruption Convictions

    The New Jersey Supreme Court has disbarred a former Democratic power broker despite his tearful plea to keep his law license following his 2015 federal convictions for accepting kickbacks to help a software developer secure municipal business.

  • September 20, 2019

    REIT Choice Properties Selling 30 Assets For $321M

    Choice Properties Real Estate Investment Trust has reached a deal to sell 30 properties for about CA$426 million ($320.8 million), according to an announcement Friday from the Toronto-based REIT.

  • September 20, 2019

    Wis. Tribe's Reservation Wasn't Shrunk, Feds Tell 7th Circ.

    The federal government offered its support to the Oneida Nation as the tribe fights to reverse a determination that its reservation was diminished in size, telling the Seventh Circuit that U.S. Supreme Court precedent shows allotments of tribal land do not shrink reservations. 

  • September 20, 2019

    DLA Piper, Orrick Steer Clutter’s $152M NYC Storage Buy

    Storage startup Clutter said Friday it has acquired the New York real estate portfolio of The Storage Fox for $152 million with guidance from DLA Piper and Orrick as the startup looks to expand its self-storage offerings.

  • September 20, 2019

    Real Estate Rumors: Brookfield, TPG, KTGY

    Brookfield subsidiary Thayer Lodging has reportedly landed a $168 million loan for a Florida hotel, TPG Real Estate Finance Trust is said to have loaned $200 million for a Manhattan office property, and KTGY Architecture & Planning is reportedly leasing 15,730 square feet in downtown Los Angeles.

  • September 20, 2019

    'Title Pirates' Plague Attys With False Deeds That Derail Deals

    After a recent multibillion-dollar hotel portfolio sale reportedly stalled because of multiple fake deeds, lawyers say they must be on the lookout for "title pirates" who can easily delay or derail deals by filing fraudulent deeds because there's no foolproof system in place to catch them.

  • September 20, 2019

    Blackstone Lands Greek Hotel Biz Valued At €178.6M

    Blackstone Real Estate Partners Europe said Friday it has agreed to buy and renovate five Greek hotel businesses from the Louis Group in a deal that carries an enterprise value of €178.6 million ($196.7 million).

Expert Analysis

  • Series

    Pursuing Wellness: Steps Toward A Supportive Firm Culture

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    As an early advocate of the American Bar Association's year-old well-being pledge, we launched an integrated program to create and sustain a supportive workplace culture with initiatives focused on raising mental health awareness, embracing creativity and giving back to the community, says Casey Ryan at Reed Smith.

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    Pursuing Wellness: Mental Health Education As A Firm Priority

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    Our firm drives a holistic concept of well-being through educational opportunities, such as a series of expert-led workshops intended to address mental health and substance abuse issues that we vowed to fight when we signed the American Bar Association's well-being pledge one year ago, says Krista Logelin at Morgan Lewis.

  • 8 Takeaways From CFIUS' Proposed Risk Review Rules

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    The Committee on Foreign Investment in the United States’ draft regulations implementing the Foreign Investment Risk Review Modernization Act seem to focus on specific national security concerns, as opposed to taking a broader approach, which means they are significantly more complex than the pre-FIRRMA regime, say Christian Davis and Thor Petersen of Akin Gump.

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    Pursuing Wellness: A Firm's Work With Mental Health Experts

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    Signing the American Bar Association's well-being pledge last year was a natural progression of our firm's commitment to employee wellness, which has included developing partnerships with professionals in the mental health space to provide customized programming to firm attorneys and staff, say Annette Sciallo and Mark Goldberg at Latham.

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    Pursuing Wellness: When A Firm Brings Counseling On Site

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    One year ago, our firm signed the American Bar Association's well-being pledge and embraced a commitment to providing on-site behavioral health resources, which has since become a key aspect of our well-being program, say Meg Meserole and Kimberly Merkel at Akin Gump.

  • Dorian Update: How State Laws Protect Service Members

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    In the wake of Hurricane Dorian's devastation, creditors should take note of the laws Florida, Georgia and the Carolinas have in place to protect members of the National Guard called to service as part of response efforts, say attorneys at Buckley.

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    Pursuing Wellness: Inside A Firm Meditation Program

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    After our firm signed the American Bar Association’s well-being pledge one year ago, we launched two key programs that included weekly meditation sessions and monthly on-site chair massages to help people address both the mental and physical aspects of working at a law firm, says Marci Eisenstein at Schiff Hardin.

  • Early Sampling Of Electronic Info Is Underutilized In Discovery

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    The early and prompt provision of samples from all electronically stored information sources as a part of ESI protocol search methodology is consistent with the Federal Rules of Civil Procedure and may allow for significant cost savings during discovery, says Zachary Caplan at Berger Montague.

  • To Defer Or Not To Defer: Kisor's Impact On Tax Controversies

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    Three recent federal tax cases show how the U.S. Supreme Court's June decision in Kisor v. Wilkie, substantially restricting agency deference, is affecting interpretation of the many regulations and guidance issued post-tax reform, say Andrew Roberson and Kevin Spencer at McDermott.

  • The Factors Courts Consider In Deposition Location Disputes

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    In the absence of a federal rule governing deposition location, federal courts are frequently called on to resolve objections to out-of-state deposition notices. Recent decisions reveal what information is crucial to courts in making the determination, says Kevin O’Brien at Porter Wright.

  • What To Consider Before Filing For A Rule 57 Speedy Hearing

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    Federal Rule of Civil Procedure 57 and its state counterparts provide a method for expediting claims for declaratory judgment that warrants closer attention than it has historically received from litigants and courts, say attorneys at Gibson Dunn.

  • Series

    Why I Became A Lawyer: Expanding The Meaning Of Diversity

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    My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.

  • Legal Options For Pipeline Companies Stymied By Tree-Sitters

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    While a Virginia federal judge recently rejected efforts by Mountain Valley Pipeline to join two unnamed tree-sitters as defendants in a Natural Gas Act eminent domain action, the court's opinion points toward other remedies available to pipeline companies facing tree-sitter obstruction, says Arthur Schmalz of Hunton.

  • Discovery Counsel Vital In All Phases Of Mass Tort Litigation

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    Experienced discovery counsel helps the virtual law team shape case strategy and provides necessary advocacy, consistency and efficiency, plus cost savings, from the beginning of a case through trial, say attorneys at Nelson Mullins and FaegreBD.

  • How The Wayback Machine Can Strengthen Your Case

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    The Wayback Machine, which archives screenshots of websites at particular points in time, can be an invaluable tool in litigation, but attorneys need to follow a few simple steps early in the discovery process to increase the odds of being able to use materials obtained from the archive, says Timothy Freeman of Tanenbaum Keale.