Real Estate

  • November 14, 2019

    JLL Lands $119M Loan For West LA Office Development

    Jones Lang LaSalle has arranged $119.3 million in construction financing for a 230,000-square-foot office development in West Los Angeles, the firm said Thursday.

  • November 14, 2019

    Ex-Deutsche Trader To Pay $500K To End DOJ’s RMBS Suit

    The U.S. Department of Justice announced Thursday that a former Deutsche Bank trader will pay $500,000 to settle allegations that he misled investors about the quality of loans underlying two residential mortgage-backed securities in the lead-up to the financial crisis.

  • November 13, 2019

    Bankruptcy Stay Orders Not Final, Creditor Tells Justices

    A Chapter 11 creditor told the U.S. Supreme Court Wednesday that its appeal of a bankruptcy court's order denying relief from the automatic stay didn't need to be filed immediately as lower courts had said but could have waited until the Chapter 11 was resolved.

  • November 13, 2019

    CFPB's Constitutionality Pivot Won't Kill Ocwen Servicing Suit

    A Florida federal judge said Wednesday that he is not convinced the Consumer Financial Protection Bureau is unconstitutionally structured, even if the agency's head says otherwise, and declined to end an enforcement action against Ocwen Financial Corp.

  • November 13, 2019

    Conn. Justices Back Insurers In Faulty Foundation Battles

    Connecticut's highest court has ruled that common terms found in homeowners insurance policies don't cover repairs to basement walls damaged by defective concrete foundations, dealing a serious blow to scores of state residents who have sought to have their insurers foot the bill for such expenses.

  • November 13, 2019

    Seterus Should Face Most Claims In FDCPA Suit, Judge Says

    Seterus Inc. must face the majority of allegations brought by a proposed class of borrowers in default who say the mortgage servicing platform lied about its intention to foreclose on their homes, a Georgia federal magistrate judge recommended Wednesday.

  • November 13, 2019

    Real Estate Rumors: Group One, IManage, Bank Of China

    Group One Investments has reportedly sold a Florida building for $10.2 million, iManage is said to be close to taking roughly 80,000 square feet in Chicago, and Bank of China has reportedly loaned $166 million for a new mixed-use building in Manhattan.

  • November 13, 2019

    5th Circ. Won't Rehear $298M Verdict Against Mortgage Cos.

    The Fifth Circuit declined to revisit a $298 million judgment arising from federal loan insurance fraud during the mortgage crisis, after two mortgage loan companies claimed the original appeals panel twisted a causation standard.

  • November 13, 2019

    Knightvest Buys Phoenix Apartment Complex For $75M

    Knightvest Capital has purchased an apartment complex in Phoenix, Arizona, for $75 million and has landed $57.2 million in financing for the acquisition, according to an announcement Wednesday from Knightvest's broker Jones Lang LaSalle.

  • November 13, 2019

    Reality TV Real Estate Agent Can't End Students' Fraud Suit

    A real estate investor made famous by A&E’s television series "Flip This House" waited too long to try to use a Texas free speech law to end a lawsuit by 423 disgruntled students alleging his seminars and investment lessons were a fraud, a Texas appellate court ruled Wednesday.

  • November 13, 2019

    Arch Gets Green Light For $700M Opportunity Zone Fund

    Arch Real Estate Holdings has received approval to be a qualified business that will operate a $700 million opportunity fund targeting affordable housing projects in Puerto Rico, the Florida-based firm announced Wednesday.

  • November 12, 2019

    Manafort's 'Evil' Ex-Son-In-Law Gets 9 Years For Fraud

    Paul Manafort’s former son-in-law, who "revels in cheating others," was sentenced to more than nine years in prison for scamming investors out of $6.7 million while out on bond after copping to another real estate fraud, the U.S. Department of Justice said Tuesday.

  • November 12, 2019

    Texas Real Estate Firm Looks To Stop Co. From Using Name

    Commercial real estate company Stockdale Investment Group asked federal jurors in Houston on Tuesday to stop another company from using its name, arguing it has caused confusion in the marketplace and could wreck the reputation of the family who built the company 30 years ago.

  • November 12, 2019

    Texas Judge Says 'Too Draconian' To Toss $63M Investor Suit

    A federal judge in Texas has trimmed a lawsuit brought by jilted creditors seeking to collect on a $63 million judgment against a real estate investment company, while holding that tossing the entire lawsuit would be “too draconian, unduly prejudicial to plaintiffs and unwarranted.”

  • November 12, 2019

    Several IRS Divisions Probing Conservation Easement Abuse

    Investigations are increasing across several Internal Revenue Service divisions to prevent abuse of a tax deduction meant to encourage environmental conservation, the agency announced Tuesday.

  • November 12, 2019

    Real Estate Rumors: Perella Weinberg, Rialto, Garrison

    Perella Weinberg Partners is reportedly close to taking nearly 125,000 square feet in Manhattan, Rialto Mortgage Finance is said to have loaned $55 million for four Los Angeles-area office properties, and Garrison Investment Group has reportedly sold a South Florida shopping center for $23.6 million.

  • November 12, 2019

    10th Circ. Won't Rethink Okla. Tribal Trust Land Decision

    The Tenth Circuit has rejected the Cherokee Nation's request that the court revisit its decision to allow the federal government to take a parcel of land on the tribe’s former reservation into trust for the United Keetoowah Band of Cherokee Indians in Oklahoma.

  • November 12, 2019

    Stockbridge Bets On E-Commerce With 17-Property Purchase

    Stockbridge said Tuesday it had purchased 8.7 million square feet of industrial logistics properties, positioning the real estate investor to take advantage of the growing e-commerce industry.

  • November 12, 2019

    Caddo Nation Says Tribal Construction Could Ruin Burial Sites

    The Caddo Nation is asking an Oklahoma federal judge to block another tribe’s construction of a ceremonial dance ground on land held in trust for both tribes, saying it could disturb the graves of children buried under a former boarding school.

  • November 12, 2019

    3 Firms Steer Cushman & Wakefield's $183.5M Secondary Sale

    Cushman & Wakefield raised $183.5 million on Tuesday after pricing a 10-million-share secondary offering that will allow certain stakeholders to pare down their stakes in the real estate services firm.

  • November 08, 2019

    Law360 MVP Awards Go To Top Attorneys From 76 Firms

    The elite slate of attorneys chosen as Law360's 2019 MVPs have distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.

  • November 11, 2019

    Trump Can't Sue NY Officials In DC To Block State Tax Returns

    President Donald Trump cannot sue two New York officials in D.C. federal court to block a New York law that could provide Congress with his state tax returns, a judge said Monday in dismissing the officials from the suit.

  • November 08, 2019

    WeWork, Execs Hit With Derivative Suit After SoftBank Rescue

    A proposed class of minority shareholders has sued WeWork and the Japanese conglomerate SoftBank Group Corp., as well as executives at both companies, alleging they are shortchanging the minority shareholders with the execs' "self-interested transactions" as the workspace sharing company flounders.

  • November 08, 2019

    Trump To Appeal Tax Subpoena To High Court In Next Week

    President Donald Trump within the next week will ask the U.S. Supreme Court to decide whether his accounting firm is required to furnish his tax returns to the Manhattan district attorney, his legal team said Friday. 

  • November 08, 2019

    Insurer Not On Hook For Suit Against Firm, 3rd Circ. Says

    An insurer does not have to cover a legal malpractice action against a Pennsylvania law firm and a name partner because the allegations deal with the lawyer’s activities related to his side businesses, the Third Circuit said Friday.

Expert Analysis

  • Opinion

    Clients Benefit From Law Firm Expense Growth

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    Although there continue to be corporate clients who are seduced by the idea that cheapest is always best when it comes to outside counsel, there are many negative implications on service delivery that result from myopically focusing only on cost reduction at the expense of quality and innovation, says Keith Maziarek at Katten Muchin.

  • Keeping Railroads Secure From Drones

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    Railroad companies may soon gain legal protections against hostile unmanned aircraft system activity, under pending federal regulations on critical infrastructure. Until then, railroads have some protection from state laws, but should be cautious about adopting counter-UAS technology, say attorneys at Jenner & Block.

  • Opinion

    Changing Ethics Rules Is Key To Law Firm Innovation

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    As demonstrated by the California bar proposal to allow nonlawyers to invest in law firms, we can change the legal ethics rules in a way that protects clients while permitting firms to innovate and serve clients better, say Todd Richheimer of ​​​​​​​Lawfty and Peter Joy of Washington University Law School.

  • National Coordinating Counsel: Key To Virtual Mass Tort Team

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    The national coordinating counsel is at the helm of both the design and execution of the virtual law team, providing case leadership and subject matter expertise, and ensuring consistency and efficiency throughout a mass tort litigation, say attorneys at Sidley Austin and FaegreBD.

  • The Eminent Domain Consequences Of Knick Ruling

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    The U.S. Supreme Court's ruling in Knick v. Township of Scott is unlikely to cause a flood of federal takings lawsuits in Georgia and the Carolinas, but it may bring other eminent domain considerations for state and local governments, say attorneys at Parker Poe.

  • Series

    Judging A Book: Castillo Reviews 'Raising The Bar'

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    A timely new book, “Raising the Bar: Diversifying Big Law," is one of the first honest assessments of the challenging battleground for people of color at large law firms, and I hope that firm management committee members read it, says U.S. District Judge Rubén Castillo of the Northern District of Illinois.

  • Opinion

    A Welcome Turning Of The Tide On State Preemption Of Cities

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    The troubling trend of state preemption of local authority across a wide array of policy areas seemed only to be growing until this spring’s legislative season, which saw states reconsidering and even beginning to unwind a legacy of interference, says Nestor Davidson, a professor at Fordham Law School.

  • Key Fair Lending Insights From DOJ 'Redlining' Deal

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    The U.S. Department of Justice’s recent fair lending settlement with First Merchants Bank is the first neighborhood-discrimination — or so-called redlining — matter initiated and settled under the Trump administration, and contains useful lessons for institutions seeking to evaluate their own redlining risk, says Melanie Brody at Mayer Brown.

  • Bankruptcy Courts’ Buzzkill Of The Marijuana Industry

    Excerpt from Lexis Practice Advisor
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    Although the majority of the bankruptcy courts remain opposed to granting relief to marijuana-related businesses, due to marijuana's status as a federally controlled substance, the availability of nonbankruptcy sources of financial relief should encourage companies in this burgeoning industry to continue expanding, say Shane Ramsey and David Barnes of Nelson Mullins.

  • Debunking 3 Myths About Contract Attorneys

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    Although contract attorneys represent a quality source of legal work, inaccurate assumptions cause many legal departments and law firms to hesitate when considering them, say Matthew Weaver and Shannon Murphy of Major Lindsey.

  • How NYC's New Tenant Protection Law Will Affect Owners

    Excerpt from Lexis Practice Advisor
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    Last month, the New York City residential rental market was swiftly changed by passage of the Housing Stability and Tenant Protection Act, which provides rent-regulated tenants with protections not seen before in recent memory, says YuhTyng Patka of Duval & Stachenfeld.

  • What To Know About Updates To EB-5 Investor Visa Program

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    As a result of U.S. Citizenship and Immigration Services' new EB-5 regulation — which goes into effect in November — the next four months may be the last great days for entering and subscribing investments under the EB-5 visa program for the foreseeable future, says Robert Divine, shareholder at Baker Donelson and former acting director of USCIS.

  • Compliance Imperatives For Defensible Data Disposal

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    Companies in a host of industries have recently faced steep compliance fines for data breaches from domestic and international regulators. Defensible disposal of corporate data presents an excellent opportunity to mitigate the impact of these data-driven risks, says Julia Brickell of H5.

  • A Litigator’s Reflections From The Arbitrator’s Chair

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    The U.S. Supreme Court's opinions this term in Henry Schein and Lamps Plus remind us of the fundamental difference between arbitration and litigation. Yet, as a commercial litigator who serves as a neutral arbitrator, I have observed that experienced litigators often fail to adapt their approach in arbitration, says Paula Litt at Honigman.

  • 5 Hard Phrases Lawyers Should Master

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    While Kelly Corrigan's popular book, "Tell Me More: Stories About the 12 Hardest Things I’m Learning to Say," focuses on simple words or phrases that individuals can use to improve their personal lives, attorneys can utilize Corrigan's advice for professional benefit, says Karen Ross of Tucker Ellis.

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