An Illinois Teamsters union local should not be liable for the outstanding balance on a property it leased for office space because the union didn’t follow statutory procedure to execute the agreement in the first place, the state’s highest court ruled Thursday.
An Illinois bank that has been trying for five years to undo what it says was a $4.9 million overpayment for a foreclosed property had its latest attempt shot down by a state appeals court on Wednesday.
Two members of a group of California real estate investment ventures lost their bid to have the ventures’ operating contracts rewritten Wednesday in Delaware Chancery Court when a judge ruled that not reading the contracts doesn’t entitle the members to have agreed-upon provisions negated.
Ready Capital said on Thursday that it has closed a slew of loans for acquisition and redevelopment purposes for properties in Texas, Florida, California and Illinois for a total of approximately $104.7 million.
Hogan Lovells has announced that a former EY attorney has returned to the law firm to serve as head of its U.S. real estate investment trust tax practice in Washington, D.C.
A New York federal judge dumped the Federal Deposit Insurance Corp.'s $695 million residential mortgage-backed securities suit against three banks Wednesday, finding for the second time that the agency lacked standing to bring claims of improper conduct against trustees of the bundled mortgages.
A Florida federal court on Thursday partly granted Aaronson Law Firm's motion to dismiss timeshare resort developer Club Exploria's suit alleging the firm encouraged customers to back out of their contracts, trimming several counts including one claiming violations of the Racketeer Influenced and Corrupt Organizations Act.
Lenders and the law firms they hire to perform nonjudicial foreclosures can take some comfort in the U.S. Supreme Court's unanimous decision that the Fair Debt Collection Practices Act doesn't broadly apply to these out-of-court proceedings, but the ruling still leaves some questions to sort out, experts told Law360.
A JDL Development venture has reportedly landed $735 million in financing for a Chicago residential and retail tower project, Rodan Property Management is said to have bought a Miami industrial property for $12.25 million, and billionaire Diana Chen has reportedly purchased a Los Angeles mansion once owned by Barry Bonds for $23 million.
A Pennsylvania federal judge refused to dismiss a False Claims Act suit accusing the city of Pittsburgh of defrauding the federal government of millions of dollars meant for the Community Development Block Grant program, nearly a year after the Third Circuit revived the suit.
Figuring out what constitutes a manageable workload for the nation’s district judges is no simple task. Getting the judiciary the resources it needs is even harder.
The Western District of Louisiana is supposed to have seven district judges. But for a year, most of the courthouses were operating without a single Article III judge. As usual, magistrate judges picked up the slack.
A Manhattan federal judge said Tuesday that while prosecutors didn't disclose evidence that former Vereit Inc. executive Brian Block could have used against a cooperating witness in his criminal fraud case, that evidence wouldn't have stopped the jury from convicting Block.
The sons of a real estate fraudster who allegedly helped cheat Chinese investors out of more than $20 million partially won their bid Wednesday to cut racketeering claims from a suit filed against them in Georgia federal court.
Point, a financial technology startup that invests in home equity, said Wednesday that it secured $122 million in new funding that will be used to achieve the company's goal of serving more than 70 percent of U.S. homeowners by 2020.
Morgan Stanley has reportedly loaned $64.2 million for a San Diego hotel purchase, AEW Capital is said to be seeking a roughly $190 million sale of a Manhattan office building, and Stockbridge Capital has reportedly paid $183 million for an under-construction Silicon Valley building leased to 23andMe.
The owners of the majority of units in a Trump-branded Panamanian luxury hotel cannot pause their suit against two Trump hotel management companies pending the resolution of related arbitration proceedings, with a New York federal judge ruling that a stay was not necessary.
TLG Immobilien AG on Wednesday said it has purchased a Bonn, Germany, office property for roughly €88.5 million ($101.3 million) and sold 29 retail properties for €118 million, and the German real estate firm had help from Gleiss Lutz Hootz Hirsch on the purchase and P&P Pollath & Partners on the sale.
The real estate lending arm of New York Life Insurance Co. has given $94.1 million in financing to California developer Westlake Realty Group Inc. for a San Mateo office project, New York Life announced Wednesday.
The term “seaport hotel” is too generic for Fidelity Investments Inc. to claim trademark protection, a planned Omni hotel in Boston's swanky Seaport neighborhood argued Tuesday as it sought to put an end to a dispute between the existing and future establishments.
Recent and upcoming vapor intrusion policies from California environmental regulators will increase the number of properties investigated, shift the focus to indoor air sampling, and possibly affect real estate transactions, say Catherine Johnson and Dorothy Dickey of Environmental General Counsel LLP.
The U.S. Supreme Court's unanimous ruling on Wednesday in Obduskey v. McCarthy & Holthus LLP removes nearly all activities taken by creditors seeking nonjudicial foreclosure of liens and mortgages from the ambit of the Fair Debt Collection Practices Act, says John Baxter of Nelson Mullins Riley & Scarborough LLP.
Trial counsel’s contribution to the virtual law team throughout the life cycle of a mass tort litigation rests in the key skill of viewing the case through the eyes of the ultimate audience for the defense, the jury, say attorneys at Covington & Burling LLP and Faegre Baker Daniels LLP.
These days, a popular theme in media is that lawyers' jobs will be taken by robots. However, based on the tech issues discussed at the South by Southwest technology conference in Austin, Texas, last month, robots may in fact need lawyers, says Nick Abrahams of Norton Rose Fulbright.
You passed the bar exam and are ready for the character and fitness committee interview. Time to think about how to discuss that minor incident in college, that misdemeanor in high school or that mental health issue that you have totally under control, says Richard Maltz of Frankfurt Kurnit Klein & Selz PC.
As nationwide deployment of 5G networks gathers steam, unexpired cell site agreements will have to be revisited and many new ones will have to be negotiated. When doing so, dealmakers will want to pay special attention to a few real property issues that are often overlooked, say Walt Sapronov and Robert Turner III of Sapronov & Associates PC.
My initial reaction to "Doing Justice" was that author Preet Bharara may have bitten off more than he could chew — an accusation leveled against him when he served as U.S. attorney for the Southern District of New York — but I found the book full of helpful gems, says U.S. District Judge Cynthia Bashant of the Southern District of California.
Though most experts believe that an imminent recession is unlikely, slowdown fears are increasing. Now is the time for firms to consider how to best leverage their communications and marketing teams to lessen impacts from a potential economic slowdown, says Tom Orewyler of Tom Orewyler Communications LLC.
The sale and partial leaseback of older data centers is a clever way to right-size a company, and data center operators benefit from this structure as well because it guarantees them an instant anchor tenant, says Michael Rechtin Jr. of Seyfarth Shaw LLP.
Commercial landlords, tenants and developers, as well as purchasers and sellers of real estate, should all pay attention to recent amendments to California law that alter the backdrop against which leases and transactions are negotiated, says Ian O'Banion of Nixon Peabody LLP.