Real Estate

  • July 19, 2019

    Polsinelli Bags Blank Rome Real Estate, Retail Litigator

    Polsinelli PC has hired a real estate and commercial litigator with experience in retail internal investigations from Blank Rome LLP in New York, part of the firm’s larger lateral hiring spree this month.

  • July 19, 2019

    Real Housewife Settles Pay-Seizure Suit With Vineyard Vines

    "Real Housewives of New Jersey" star Margaret Josephs has settled a New York state court lawsuit over clothier Vineyard Vines’ bid to intercept her Bravo pay to help satisfy a $610,000 federal copyright infringement judgment, a lawyer for the reality star said Friday.

  • July 19, 2019

    Fraud Ring Posing As Gov't Officials, DHS Watchdog Warns

    The Department of Homeland Security’s watchdog has issued an alert about a scheme by an Atlanta-based transnational fraud ring that poses as government procurement officials to steal electronics from unsuspecting contractors.

  • July 19, 2019

    Excela Surgical Center Doesn't Get Hospital's Tax Exemption

    A Pennsylvania appeals court ruled Friday that an ambulatory surgical center owned by an Excela Health hospital in Westmoreland County did not qualify for an exemption from property taxes because it could not be considered a "hospital" in and of itself.

  • July 19, 2019

    Chocolatier's $49M Sandy Coverage Claim Headed To Trial

    Madelaine Chocolate Novelties Inc.’s bid to force a Chubb Ltd. insurer to pay an additional $49 million for property damage and business interruption losses caused by Superstorm Sandy is bound for trial after a New York federal judge held Thursday that the scope of coverage under the chocolatier’s policy is unclear due to several conflicting terms.

  • July 19, 2019

    UK's Regional REIT Lands $78M Through New Share Offering

    U.K.-based Regional REIT said Friday it has raised £62.5 million ($78.2 million) through an offering of roughly 58.7 million shares, exceeding a £50 million target established at the end of June.

  • July 19, 2019

    NBA's Cavs Roll Out Plans For Esports Facility In Cleveland

    Cavs Legion, an esports team affiliated with the NBA’s Cleveland Cavaliers, said Friday it will open a new facility in Cleveland that will cater to players and fans of the fast-growing esports industry.

  • July 19, 2019

    Sens. Seek Info On Appraiser In Easement Donation Probe

    Senate Finance Committee lawmakers said Friday they requested information from an Alabama real estate licensing board about an appraiser who is alleged to have participated in abusive conservation easement transactions that resulted in $1.8 billion in federal tax deductions.

  • July 19, 2019

    Real Estate Rumors: Blackstone, Hasta Capital, Shorewood

    Blackstone is reportedly seeking to sell $1 billion or more of logistics assets that it will soon acquire, Hasta Capital is said to have picked up a Florida apartment complex for $23.2 million and Shorewood Development Group is reportedly buying four Chicago buildings from Nealey Foods.

  • July 19, 2019

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

    The last week has seen the owner of a Manchester skyscraper that needed repair sue several underwriters at Lloyd's, a prominent cryptocurrency trader drag a U.K. digital currency exchange into court and an executive for Honeywell sue HSBC Bank PLC. Here, Law360 looks at those and other new claims in the U.K.

  • July 18, 2019

    King & Spalding Guide Cortland In $1.2B Canadian REIT Deal

    An affiliate of the Atlanta-based apartment complex owner Cortland Partners LLC has stuck a deal with the help of King & Spalding LLP counsel to acquire the Vancouver, British Columbia-based real estate investment trust company Pure Multi-Family for $1.2 billion, the companies announced Thursday.

  • July 18, 2019

    BofA Can't Ditch Housing Advocates' Discrimination Suit

    A Maryland federal judge on Thursday rejected Bank of America NA's bid to toss a discrimination lawsuit filed by housing advocacy groups accusing the bank and its maintenance contractor of unfairly neglecting foreclosed bank-owned properties in African American and Latino neighborhoods, finding that the allegations are sufficiently pled.

  • July 18, 2019

    Suit Against Downey Brand Over $150M REIT Sale Dismissed

    A New York federal judge has dismissed a suit against California firm Downey Brand LLP over the $150 million sale of a real estate investment trust that the firm handled, with the judge saying that the suit was too similar to another suit that was dismissed in 2018.

  • July 18, 2019

    $1M Storm Damage Coverage Dispute Ends After Settlement

    A Texas federal judge on Wednesday closed a $1 million suit launched by an apartment complex owner over the denial of an insurance claim for storm damage after the parties in the case agreed to a settlement.

  • July 18, 2019

    Google, Lendlease Team Up On $15B Bay Area Project

    Google and Australia-based construction company Lendlease Group have reached a roughly $15 billion agreement to redevelop Google's properties in three Silicon Valley markets into mixed-use communities with plans to build 15,000 or more homes, according to a Thursday announcement from the companies.

  • July 18, 2019

    Carlton Fields Switched Sides In Transaction, Suit Says

    The trustee of a bankrupt title insurance company has filed a suit in Florida state court against Carlton Fields accusing the law firm of sending the company into insolvency by setting up a joint venture then jumping ship to represent the company’s partner.

  • July 18, 2019

    Real Estate Lawyers On The Move

    Cozen O'Connor, Stoel Rives, Shipman & Goodwin, Eversheds Sutherland, Baker Donelson, DLA Piper, King & Spalding, King & Wood Mallesons, Holland & Knight, Seyfarth Shaw, Clifford Chance and Hinckley Allen were among various firms that made real estate hires in the last month.

  • July 18, 2019

    Alcatel-Lucent Can't Get Farmland Assessment, NJ Panel Says

    Alcatel-Lucent USA can’t seek a farmland assessment on a wooded portion of its North American headquarters property in New Jersey because the company did not respond to a municipal tax assessor's records request, a state appeals court ruled Thursday.

  • July 18, 2019

    Real Estate Rumors: Magnum, Oscar Health, Trez Forman

    A Magnum Management venture has reportedly sold a New York retail condo for $88.75 million, Oscar Health is said to be taking another 80,000 square feet in New York, and Trez Forman Capital has reportedly loaned $13.2 million for a Florida luxury condo project.

  • July 18, 2019

    $38M Win For 'Madoff' Defamation Not Covered, 9th Circ. Says

    The Ninth Circuit affirmed Thursday that Berkley National Insurance Co. isn't obligated to cover a $38 million defamation award that a Los Angeles real estate investor won against Berkley's policyholder, who created websites comparing the investor to jailed Ponzi schemer Bernie Madoff.

  • July 18, 2019

    Fried Frank, Wick Phillips Guide Data Center Co.’s $3B Growth

    Data center company Compass said Thursday it secured additional funding for a planned $3 billion expansion, with guidance from Fried Frank and Wick Phillips.

  • July 18, 2019

    Philly Commercial Property Tax Hike Ruled Unconstitutional

    The city of Philadelphia is facing the prospect of refunding tens of millions of dollars' worth of taxes following a state judge's decision Thursday that commercial property had been selectively reassessed in violation of uniform taxation rules in the Pennsylvania Constitution.

  • July 17, 2019

    'May I Just Ask': Era Of Civility Passes With Justice Stevens

    Former clerks and attorneys remember Justice John Paul Stevens, who died Tuesday night at the age of 99, for his trenchant mind and his unending civility. Does his passing mark an end to an era of collegiality on the bench?

  • July 17, 2019

    Justice Stevens' Chevron Legacy Under Attack

    Justice John Paul Stevens' landmark decision in Chevron USA Inc. v. NRDC shaped the course of administrative law, and his legacy, for decades. But a recent wave of criticism shared by members of the current court threatens to erase a doctrine that has long bolstered federal regulators' sway over corporate America.

  • July 17, 2019

    'Kindness, Humility, Wisdom': Justices Remember Stevens

    A day after retired U.S. Supreme Court Justice John Paul Stevens died at the age of 99, his colleagues paid tribute to the third-longest-serving member of the high court, cherishing his devotion to public service, his kindness and his unwavering commitment to justice.

Expert Analysis

  • The Potential Effects Of Calif. Contractor Reclassification Bill

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    If enacted, California’s Assembly Bill 5 would codify the so-called ABC test for independent contractors established in the California Supreme Court's Dynamex decision. Notably, the bill goes beyond the scope of Dynamex and could have an extraordinary impact on the state's economy, say attorneys at Littler.

  • Remembering Justice Stevens As A Law Firm Leader

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    Rothschild Barry's John Coffey, who joined Justice John Paul Stevens' law firm in 1965, shares what it was like to watch Justice Stevens practice law, mentor younger lawyers and land a malfunctioning plane.

  • NJ Tax Stop: Private, For-Profit Property May Be Tax-Exempt

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    Although an appeal to the New Jersey Supreme Court is pending, if the New Jersey Appellate Division's recent decision in Gourmet Dining v. Union Township stands, it may prove to be a watershed moment for property tax jurisprudence in the state by broadening the definition of "public purpose" to potentially include private, for-profit use of property, says Carl Rizzo of Cole Schotz.

  • Answers To Key Legal Finance Ethics Questions

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    While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.

  • Preemption Vs. Public Nuisance, In Aviation And Opioids

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    A recent Iowa Supreme Court ruling concerning a local airport commission's authority to condemn a structure declared safe by the Federal Aviation Administration presents many of the same preemption questions that will play out in opioid litigation, says Richard Dean of Tucker Ellis.

  • Inside A Closely Watched FCA And FIRREA Decision

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    Last week’s district court decision in Luce v. U.S. interprets a stricter standard of causation for False Claims Act cases and, significantly, makes a helpful contribution to a dearth of case law interpreting the Financial Institutions Reform, Recovery and Enforcement Act’s penalty provisions, says Derek Adams of Feldesman Tucker.

  • Federal Agencies Need A Uniform Record-Keeping Process

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    The administrative record is very important to federal agency litigation — as showcased in last month's U.S. Supreme Court decision concerning the addition of a citizenship question to the 2020 census — yet there is no set of consistent principles to guide agencies in compiling these official records, say attorneys at WilmerHale.

  • The Role Of Dictionaries In Last Term's High Court Decisions

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    Since 32 of the 67 decisions issued by the U.S. Supreme Court during its October term cite dictionaries, it’s worth reviewing the opinions to learn which dictionaries the justices consulted and how they used them, say Bruce Wessel and Brian Weissenberg of Irell & Manella.

  • Climate Change And Insurance: Insurers' Subrogation Claims

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    Once the litigation floodgates open for property damage lawsuits against greenhouse gas polluters, a second wave of subrogation claims brought by first-party property insurers is likely to follow, say José Umbert and Jason Reeves of Zelle.

  • How To Evaluate The Rise In Legal Employment

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    Although the rate of employment for law school graduates — which had been falling steadily — saw a small increase over the last year, other factors, such as fewer graduates overall and potential future job growth stagnation, temper the good news for those pursuing law degrees, say Tiffane Cochran and Tyler Grimm of AccessLex Institute.

  • Opinion

    The Business Case For Championing Diverse Legal Teams

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    Leveraging the collective strengths of a diverse workforce is not only the right thing to do, it’s a strategic imperative for any successful firm or business, says Louise Pentland, executive vice president and chief business affairs and legal officer of PayPal.

  • The Art Of The 'Science And Expert Team' In Mass Torts

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    Science is at the foundation of mass tort lawsuits involving drugs or medical devices. Critical to a virtual law team in these cases, the "science and expert team" does more than get into the weeds of scientific issues and retain experts, say attorneys at FaegreBD, Peabody & Arnold and Shook Hardy.

  • NY Commercial Landlords Should Beware New Housing Law

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    Though one might assume New York's overhauled housing regulatory scheme protects only residential tenants, the law will also significantly delay landlords' attempts to obtain possession and payment from their commercial tenants, says Howard Kingsley of Rosenberg & Estis.

  • Rethinking The Tech-First Approach To Law Firm Solutions

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    When a lawyer complains about some workflow inefficiency they are having, the knee-jerk reaction of many firms is to look for a technology-based workaround. This overlooks the importance of human psychology and behavior, which may be the root of the problem, says Ryan Steadman of Zero.

  • Tips For Investing In Opportunity Zone Businesses

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    Libin Zhang of Fried Frank discusses key issues that have confronted some practitioners as they advise third-generation opportunity funds to invest in operating businesses.