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Real Estate
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March 06, 2026
NYC Developers Accused Of $1.6M Housing Fraud Plead Out
Multiple real estate developers and their corporate entities Friday pled guilty over their roles in a $1.6 million scheme that Manhattan prosecutors say defrauded a New York state tax abatement program meant to support affordable housing.
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March 06, 2026
Real Estate Recap: Big Data, C-PACE, Mamdani's Planners
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including a look at the evolution of big data in real estate transactions, C-PACE financing growth according to Nuveen's head counsel, and New York City Mayor Zohran Mamdani's recent picks to lead the city's planning department.
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March 06, 2026
DOJ Faces 'Serious Questions' In $68M Colony Ridge Deal
A Texas federal judge told an attorney for the U.S. Department of Justice on Friday that he has "serious questions regarding the nature" of a proposed $68 million settlement the agency and the state of Texas reached with Colony Ridge Development.
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March 06, 2026
Colo. Court Clarifies Real Property Gift Rules In Wills
A Colorado Court of Appeals panel has unanimously ruled that although the use restriction of a charitable gift from a will can't be deemed void, the restrictions can be modified if the original intent of the gifted property remains.
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March 06, 2026
NJ Trade Groups Fight Outgoing Admin's Environmental Rules
Two New Jersey trade groups said Friday that they are challenging land use rules designed to mitigate the effects of climate change that were finalized on Gov. Phil Murphy's last day in office.
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March 06, 2026
Miami Developer Accused Of $85M Fraud Scheme, DOJ Says
Federal prosecutors have accused a Miami real estate developer of leading an $85 million investment fraud scheme and failing to pay both his personal income taxes and payroll taxes for his employees, the U.S. Department of Justice said Friday.
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March 06, 2026
NY Appeals Court Won't Revive Section 8 Protections
A New York state appellate court confirmed that a New York Human Rights Law provision outlawing source-of-income discrimination is unconstitutional, allowing landlords to decline to rent to prospective tenants with Section 8 rental vouchers.
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March 06, 2026
Louisiana Atty Sanctioned Over AI Hallucinations In Filing
A Louisiana attorney was fined $1,000 Thursday for his use of artificial intelligence in drafting an error-riddled brief, while three co-counsel were spared penalty.
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March 06, 2026
Taxation With Representation: Slaughter And May, Kirkland
In this week's Taxation With Representation, British insurer Beazley accepts a cash takeover offer from Zurich Insurance Group, a consortium of investors led by Blackrock's Global Infrastructure Partners and the EQT Infrastructure VI fund buys energy company AES, and private equity firm Thoma Bravo acquires third-party logistics provider WWEX.
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March 06, 2026
Gov't Settles Affordable Housing Dispute With NY Village
The federal government has agreed to settle its affordable housing suit against a New York village that was accused alongside a local county of failing to comply with a 2018 agreement that required the village and the county to build or rehabilitate 62 affordable housing units within seven years.
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March 06, 2026
Colo. House Passes Bill To Boost Mobile Home Tax Exemption
Colorado would raise its property tax exemption for mobile homes and implement other changes recommended by a state task force under legislation passed by the state House of Representatives on Friday.
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March 06, 2026
Companies In Limbo Over Calif. Climate Disclosure Laws' Fate
Companies that do business in California are stuck in no-man's-land as the Golden State implements sweeping laws requiring disclosure of financial risks tied to climate change, at the same time the Ninth Circuit is poised to decide whether to block the laws.
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March 05, 2026
Berkshire Unit Wants Out Of Broker Commission Fees Suit
A Berkshire Hathaway unit that owns real estate brokerage HomeServices of America Inc. urged a Missouri federal court to grant its quick win bid against an antitrust class action that accused the National Association of Realtors and brokerages of running an anticompetitive scheme that inflates buyer-broker commission fees.
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March 05, 2026
Unwanted Home-Buying Texts May Violate TCPA, Judge Says
Texts from a real estate marketing company offering to buy a Georgia woman's home plausibly count as solicitations under the Telephone Consumer Protection Act, according to a federal judge who is refusing to let the company out of a lawsuit accusing it of violating the law.
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March 05, 2026
Gold Mine Poses No Certain Threat To Belugas, Gov't Argues
The federal government wants to end litigation by environmental groups seeking to stop a mining company from expanding gold extraction efforts within an Alaska national park, telling a federal court that any alleged harm to the endangered beluga whales living in a nearby bay is speculative.
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March 05, 2026
EU Approves KKR, PAG's $3B Sapporo Property Biz Buy
The European Commission has approved global investment firm KKR & Co. Inc. and private asset manager PAG's $3 billion acquisition of Sapporo Holdings Ltd.'s real estate business.
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March 05, 2026
HighBrook Raises $266M For Data Center Fund
HighBrook Investors announced Wednesday that the firm has closed its inaugural data center fund after raising $266 million from existing and new investors, noting that the fund is already fully committed.
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March 05, 2026
Senior Living, Nursing Platform Sage Raises $65M In Series C
Senior living and skilled nursing platform company Sage said it has raised $65 million in a Series C equity round to help roll out new artificial intelligence-based resident safety tools, among other improvements.
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March 05, 2026
Minn. Court Barely Changes $108M Office Building Valuation
A Minnesota office building was slightly overvalued, the state tax court ruled, agreeing in part with the property owners' income approach and finding that the building's free market value was $108 million.
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March 05, 2026
Ex-NFL Player Targets $150M For Inaugural Sports Fund
A sports-focused private equity firm founded by former NFL player Terrence C. Murphy Sr. and backed by Reggie Bush launched Thursday, with plans to buy controlling stakes in emerging sports leagues and teams.
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March 05, 2026
Galvanize Caps $370M Fund To Decarbonize Real Estate
Galvanize raised $370 million for a fund to invest in undercapitalized commercial buildings in the U.S. and modernize them with energy efficiency upgrades, the company said.
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March 05, 2026
SpaceX Taps Citigroup For Planned IPO, Plus More Rumors
SpaceX has added Citigroup to its lineup of banks leading its planned blockbuster initial public offering, Thrive Capital and Andreessen Horowitz are co-leading an investment in defense company Andural Industries that could value it at $60 billion, and Indian payments platform PhonePe is preparing plans for an initial public offering that would value it at $10.5 billion.
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March 05, 2026
Simpson Thacher Hires Capital Markets Partner From Dechert
Simpson Thacher & Bartlett LLP said it has hired a New York-based partner who will focus on securitizations in its capital markets practice.
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March 05, 2026
Six Flags Selling 7 Parks To Kansas City REIT In $342M Deal
Kansas City-based real estate investment trust EPR Properties as agreed to make its largest acquisition in six years with a $342 million purchase of seven regional amusement parks from Six Flags Entertainment Corp.
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March 04, 2026
Cushman & Wakefield Ignored 401(k) Climate Risks, Suit Says
Cushman & Wakefield mismanaged its employee retirement plan by ignoring "glaring red flags" in its selection of an underperforming fund that exposed investors to climate-related risks, according to what the plaintiff's counsel called a "first-of-its-kind" class action that accuses the commercial estate firm of violating the Employee Retirement Income Security Act.
Expert Analysis
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Opinion
Horizontal Stare Decisis Should Not Be Casually Discarded
Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.
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10 Commandments For Agentic AI Tools In The Legal Industry
Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.
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Class Actions At The Circuit Courts: December Lessons
In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses recent rulings and identifies practice tips from cases involving securities, takings, automobile insurance, and wage and hour claims.
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Opinion
California Vapor Intrusion Policy Should Focus On Site Risks
As California environmental regulators consider whether to change the attenuation factor used in screenings for vapor intrusion, the most prudent path forward is to keep the current value for screening purposes, while using site-specific, risk-based numbers for cleanup and closure targets, says Thierry Montoya at Frost Brown.
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Series
Preaching Makes Me A Better Lawyer
Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.
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Series
Law School's Missed Lessons: Practicing Client-Led Litigation
New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.
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Series
The Law Firm Merger Diaries: How To Build On Cultural Fit
Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.
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'Measure Twice, Cut Once' Also Applies To Builders' Insurance
A New York federal court's recent decision in Ohio Security Insurance v. Southwest Marine and General Insurance, denying additional insured coverage, shows why it's key to apply the caution of "measure twice, cut once" to construction contracts and insurance policy language, say attorneys at Reed Smith.
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What CFPB Disparate Impact Proposal Means For Lenders
Should the Consumer Financial Protection Bureau's reasoning for making proposed changes to the Equal Credit Opportunity Act — and the bureau itself — survive, lenders and other participants in the consumer finance industry may see a reduced emphasis on protected characteristics, say attorneys at Saul Ewing.
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Considerations When Invoking The Common-Interest Privilege
To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.
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Series
The Law Firm Merger Diaries: Making The Case To Combine
When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.
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What To Watch As NY LLC Transparency Act Is Stuck In Limbo
Just about a month before it's set to take effect, the status of the New York LLC Transparency Act remains murky because of a pending amendment and the lack of recent regulatory attention in New York, but business owners should at least prepare for the possibility of having to comply, says Jonathan Wilson at Buchalter.
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Opinion
Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar
Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.
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10th Circ. Debtor Ruling May Expand Wire Fraud Law Scope
The Tenth Circuit’s recent U.S. v. Baker decision, holding that federal fraud law can reach deceptive schemes designed to prevent a creditor from collecting on a debt, may represent an expansive new theory of wire fraud — even as the ruling reaffirmed the requirements of the interstate commerce element, say attorneys at ArentFox Schiff.
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Rule Amendments Pave Path For A Privilege Claim 'Offensive'
Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.