Real Estate

  • June 16, 2020

    Investor Says Beef With Burger King Should Stay In Fla.

    An investor told a Florida appellate court on Tuesday that its suit against Burger King over the foiled sale of several franchised restaurants in Germany should stay in Miami court, arguing the German forum selection clause in the franchise agreement does not apply in this case.

  • June 16, 2020

    Texas County Slams Arbitration Bid In $41M Insurance Row

    A Southeast Texas county has urged a federal judge not to grant AmRisc GP LLC's bid to push its $41 million Hurricane Harvey property damage suit to arbitration, arguing the insurer failed to show that there was an arbitration agreement in the policy.

  • June 16, 2020

    Suit Says Turbine Co. Owes $291M For Seized Cuban Port Use

    The original owner of a port seized by Cuba's communist government says a Chinese wind turbine manufacturer and companies it worked with owe $291 million for using its confiscated property to deliver products to the island's largest wind power project.

  • June 16, 2020

    KKR Venture Pays $647M For Stake In Vietnam Developer

    A venture that includes KKR and Singapore investment firm Temasek has purchased a stake in a real estate subsidiary of Vietnam's Vingroup for 15.1 trillion Vietnamese dong ($647.2 million), according to an announcement from the companies Tuesday.

  • June 16, 2020

    NYC Judges Preview Slow Start For New Eviction Cases

    New York City attorneys can expect eviction cases to proceed slowly even as housing courts begin to accept new cases on June 22, New York Housing Court Supervising Judge Jean T. Schneider told hundreds of lawyers Monday afternoon.

  • June 15, 2020

    2nd Circ. Denies Goldman Another Chance To Decertify Class

    The Second Circuit will not rehear arguments against class certification in a high-profile shareholder suit against Goldman Sachs Group Inc., the appeals court said Monday.

  • June 15, 2020

    Carnival Says Heir Can't Bring Claim Over Cuban Port

    Carnival told a Florida federal judge on Monday that a man who inherited a claim to a Cuban port confiscated by the Castro regime does not have the right to sue the cruise line under the Helms-Burton Act because he did not hold the rights to the claim in 1996 when the statute was enacted.

  • June 15, 2020

    Late Filing Sinks Condo Group's Suit Over Water Damage

    The New Jersey state appeals court refused to reinstate a lawsuit by a Weehawken condominium association over water damage, ruling Monday that the suit was filed after the six-year statute of limitations for construction defect claims had expired.

  • June 15, 2020

    Real Estate Rumors: Centerstate, Fairstead, Crescent Heights

    Centerstate Bank has reportedly loaned $11.5 million for a Florida retail property, Fairstead is said to have landed $33.1 million in financing for a Florida affordable housing property, and Crescent Heights is reportedly hoping to build a pair of mixed-use towers in Miami.

  • June 15, 2020

    Hines Venture Lands $182M MetLife Loan For Calif. Complex

    A Hines joint venture has landed $182 million in financing from MetLife for a four-building office campus in Irvine, California, according to an announcement Monday from borrower-side broker JLL.

  • June 12, 2020

    NY State Senators Call For Delay In Housing Court Reopening

    A group of 16 New York state senators on Friday sent a letter to the state's chief judge urging her to delay the reopening of New York City's housing courts until the legislators have assurances that doing so will not pose a public health risk.

  • June 12, 2020

    First Mortgage's Ginnie Mae Suit Undone By SEC Deal

    The Federal Circuit on Friday affirmed the lower court's dismissal of First Mortgage Corp.'s breach of contract suit against Ginnie Mae, saying an earlier settlement with the SEC precluded the mortgage company's claims.

  • June 12, 2020

    Actress Sues Lloyd's For Wildfire Coverage Under $9M Policy

    Emmy Award winner Tracey Bregman is suing Lloyd's of London in California Superior Court, accusing it of underpaying benefits from a $9 million policy after her Malibu, California, house was destroyed by a wildfire in 2018.

  • June 12, 2020

    Hotels In Pandemic Freefall Struggle To Avoid Default

    Thousands of hotels facing their worst year on record during the COVID-19 pandemic may have to close for good if they can't get debt repayment deals, but the few firms that would be able to help are already overwhelmed with requests for aid.

  • June 12, 2020

    DOI Wants Nix Of Comanche Suit Over Chickasaw Casino

    The U.S. Department of the Interior has urged an Oklahoma federal judge to toss a suit by the Comanche Nation challenging a Chickasaw Nation casino, saying a pending U.S. Supreme Court case is irrelevant to the DOI's decision to approve a trust land acquisition for the project.

  • June 12, 2020

    The Week In Bankruptcy: Rent Relief Dominates Ch. 11 Cases

    New filings of high-dollar Chapter 11 cases slowed to a trickle last week as debtors driven into bankruptcy by the COVID-19 outbreak dealt with their liability for unpaid rent. Others whose cases began before the COVID-19 outbreak have made progress by closing on assets sales or confirming pre-coronavirus plans.

  • June 12, 2020

    Stroock Nabs Greenberg Traurig Litigation Pro For NY Office

    Stroock & Stroock & Lavan LLP has lured an 18-year veteran of Greenberg Traurig LLP who has represented private equity clients across the country to join its litigation practice in New York as a partner.

  • June 12, 2020

    Trump Will Appeal Emoluments Loss To Supreme Court

    President Donald Trump wants to put a hold on the emoluments lawsuit against him in Maryland federal court over his real estate business while he asks the U.S. Supreme Court to take up and dismiss the case.

  • June 12, 2020

    Real Estate Rumors: MBK, Eyal Peretz, Retail Properties

    An MBK Real Estate venture has reportedly landed $24 million in financing for a Los Angeles-area industrial project, Eyal Peretz is reportedly hoping to rezone a Fort Lauderdale parcel to mixed use, and Retail Properties of America is said to be designing a D.C.-area property with COVID-19 in mind.

  • June 12, 2020

    Clyde & Co. Hires 4 Real Estate Partners In UK

    Clyde & Co. has expanded its real estate practice groups in the U.K. with the hiring of four new partners in two separate offices, the law firm recently announced.

  • June 12, 2020

    Counsel Nabs $7.4M For $18.5M Deutsche Bank Deal

    A New York federal judge has awarded investors' attorneys $7.4 million for striking an $18.5 million deal with Deutsche Bank to end a certified class action that alleged the bank misled investors about the risks of preferred securities offerings in the run-up to the 2008 financial crisis.

  • June 12, 2020

    Airbnb, NYC Agree To Settle Customer Data Suit

    The government of New York City agreed to revise an ordinance that requires the public collection of short-term rental company customer data in a settlement agreement announced Friday with Airbnb that would drop the company's suit against the local law.

  • June 12, 2020

    Lone Star Laterals: Sheppard Mullin, Katten, Locke Lord

    In our latest roundup of lateral moves in Texas, Locke Lord LLP welcomed back a former associate as a partner after a stint as associate general counsel at The Goldman Sachs Group Inc., Sheppard Mullin Richter & Hampton LLP snagged a corporate and securities duo from Hunton Andrews Kurth LLP and Katten Muchin Rosenman LLP welcomes a former Haynes and Boone LLP commercial finance partner.

  • June 12, 2020

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

    The past week in London has seen Indian lenders reignite their bankruptcy dispute against a beer tycoon facing fraud charges overseas, a woman fight fraud findings made against her in a Financial Conduct Authority case, and Glencore target a Serbian oil company. Here, Law360 looks at those and other new claims in the U.K.

  • June 11, 2020

    LA Sued Over COVID-19 Eviction Moratorium, Rent Freeze

    A landlord association sued the city of Los Angeles on Thursday over its moratorium on evictions and rent increases amid the novel coronavirus pandemic, saying the two ordinances are overbroad and violate landlords' constitutional rights.

Expert Analysis

  • Contingent Fees A Great Option For Cos. During Downturn

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    In-house counsel may assume that "elite" law firms will turn up their noses at the idea of contingent fees, but such arrangements, whether pure or hybrid, are offered by many firms — even to defendants — and may be the answer to tight litigation budgets, say attorneys at Fish & Richardson.

  • The Role Of Remote Mediation After The Crisis Is Over

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    When the dark cloud of COVID-19 has passed and resolution centers are once again peopled with warring parties and aspiring peacemakers, remote mediations will likely still be common, but they are not going to be a panacea for all that ails the dispute resolution industry, says Mitch Orpett at Tribler Orpett.

  • What COVID-19 Means For The M&A Insurance Market

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    Alvin Reynolds and Richard French at Atlantic Global Risk address the impact of COVID-19 on M&A insurance market dynamics, policy terms and claims, and explain new applications to support distressed transactions. 

  • 7 Steps To Romancing The Virtual Classroom

    Excerpt from Lexis Practice Advisor
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    For professors, trainers, lawyers, students and businesses grappling with the unexpected challenges of distance learning, trial attorney and teacher James Wagstaffe offers best practices for real-time online instruction.

  • Great Recession Holds Mortgage Crisis Lessons For Today

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    Mortgage defaults and losses resulting from COVID-19 should be more limited than during the Great Recession, but nonetheless litigation may arise over mortgage servicing and origination practices, say members of Analysis Group.

  • 5 Tips For Emergency Relief Petitions During COVID-19

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    Business disputes are not a priority for courts right now, so companies looking to protect their trade secrets or rights to contractual performance must tailor their requests for emergency relief to the unique circumstances of this time, says Shannon Armstrong at Holland & Knight.

  • Key Return-To-Work Considerations For Law Firms

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    There may be precious little notice before the legal community ramps up, so it's important to have return-to-work plans that address the unique challenges law firms will face in bringing employees back to offices, say attorneys Daniel Gerber, Barbara O'Connell and Richard Tucker.

  • Biz Closures May Revive Property Takings Issue At High Court

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    Although the U.S. Supreme Court has previously ruled that temporary prohibitions on the use of property do not constitute compensable takings under the Fifth Amendment, store closures related to the COVID-19 pandemic may provide reason to reconsider the question, say attorneys at Eversheds Sutherland.

  • Litigating Lending Agreements During And After Pandemic

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    When faced with potential disputes over funding obligations in deals agreed to — but not closed — before the pandemic, parties should carefully review key lending agreement provisions, such as force majeure and conditions precedent, say Andrew Kratenstein and Chelsea Cosillos at McDermott.

  • NY Housing Ruling Raises Bar For Retroactive Economic Regs

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    By striking down a portion of the Housing Stability and Tenant Protection Act as unconstitutional with its recent decision in Regina Metropolitan v. New York State Division of Housing & Community Renewal, the New York Court of Appeals is imposing a rigorous requirement upon the Legislature to justify any retroactive effect for future economic legislation, say attorneys at Kaplan Hecker.

  • A Creative Solution For Teaching Local Practice In Law School

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    To help prepare my students to navigate local practice, I wrote a set of rules for the classroom that mimics those they might encounter from a local judge or court, says Michael Zuckerman at Northwestern Pritzker School of Law.

  • Key Issues In Pandemic-Induced Contract Disputes

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    While many contract disputes due to COVID-19 are sure to raise novel issues in litigation and arbitration, companies across industries can benefit from understanding certain commonalities — related not only to affirmative defenses and burdens of proof, but also to relevant evidence, expert testimony and winning strategies, says James Ferguson at Mayer Brown.

  • What NY's Eviction Moratorium Means For Landlords, Tenants

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    In light of New York's recently extended moratorium on commercial and residential evictions, landlords should not send default notices that threaten eviction, though they are otherwise fair game and should not be ignored by tenants, says Jesse Schneider at Davis & Gilbert.

  • Making Law Firm Panels Work For The Cost-Conscious GC

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    General counsel may be tempted to resort to matter-level requests for proposals in the wake of the COVID-19 economic crisis, but alternatively, a singular, global RFP process — to select a panel of law firms for all legal needs — can reduce legal spend while fostering long-term relationships, say Vivek Hatti, formerly at Avis Budget Group, and Jaron Luttich at Element Standard.

  • Remote Notarization Is A New Virtual Frontier For Mass.

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    Massachusetts' new law allowing for online execution of notarized documents leaves several unanswered questions regarding its requirement for all participating parties to be located within the state, potentially setting up for future litigation, says Katie Von Kohorn at Casner & Edwards.

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