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Real Estate

  • February 22, 2019

    Feds Seek $38M In Latest 1MDB Forfeiture Actions

    The U.S. Department of Justice on Friday filed more civil forfeiture actions in its quest to recover proceeds tied to the billion-dollar fraud scandal involving 1Malaysia Development Berhad, or 1MDB, seeking approximately $38 million in cash and high-end real estate.

  • February 22, 2019

    Revive Suit Against $400M Project, Miami Residents Urge

    A group of Miami residents asked a Florida appeals court Friday to revive their suit challenging a city deal with developer Flagstone Properties LLC for a $400 million mixed-use project, arguing that a 2016 city charter amendment gave city residents standing to challenge municipal actions.

  • February 22, 2019

    Tribal Org. Urges 9th Circ. To Rehear County Tax Row

    The National Intertribal Tax Alliance urged the full Ninth Circuit Thursday to review a January panel decision affirming that a California county can tax leased tribal trust lands on the Agua Caliente Band of Cahuilla Indians reservation, saying the decision conflicts with an earlier holding.

  • February 22, 2019

    Enviros Can't Block Permits For $2B Nexus Project: 6th Circ.

    The Sixth Circuit has thrown out a challenge by citizens groups to an Ohio agency’s decision to grant air quality permits for the $2.1 billion Nexus natural gas pipeline, saying the groups did not properly explain how the project would affect them.

  • February 22, 2019

    Record $6.1M Pain-And-Suffering Award OK’d In Apt. Fall Suit

    A New York appeals court on Thursday largely affirmed a $10.7 million award in a suit accusing an apartment building owner and real estate management company of causing a woman’s serious ankle injuries, saying a record $6.1 million allocated for pain-and-suffering damages was not unreasonable.

  • February 22, 2019

    Merlin Entertainments Sells Australian Ski Resorts For $124M

    Merlin Entertainments PLC has sold a pair of ski resorts in Australia to Colorado-based Vail Resorts Inc. for A$174 million ($124 million), according to an announcement from the U.K. company on Friday.

  • February 22, 2019

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

    The last week has seen a fashion designer and Icelandic bank take on HMRC, a fund manager sue a payments processor rattled by allegations of fraud and a host of shipping insurance providers and food companies file suit against cargo giant Maersk. Here, Law360 looks at those and other new claims in the U.K.

  • February 22, 2019

    Army Housing Managers Agree To Fixes After Safety Scandal

    U.S. Army housing management contractors have agreed to make a series of changes, including beefing up maintenance staff and giving more rights to tenants, to help address ongoing concerns involving unsafe and poorly constructed on-base housing, the Army said.

  • February 22, 2019

    Real Estate Rumors: Kushner, Tommy Hilfiger, Elon Musk

    Kushner Cos. has reportedly bought an apartment portfolio from Lone Star Funds for $1.1 billion, Tommy Hilfiger is said to have sold a Miami hotel and parking lot to a Deutsche Finance America venture for $103 million, and Elon Musk has reportedly landed $61 million in financing for five California homes.

  • February 22, 2019

    MoFo Guides Wells Fargo On $98M Roosevelt Island Loan

    Morrison & Foerster LLP represented Wells Fargo Bank NA in connection with its roughly $97.6 million loan to The Hudson Cos. Inc. for a pair of commercial condo units on the Cornell Tech campus on Roosevelt Island in New York, according to records made public Friday.

  • February 21, 2019

    Mass. Town Residents Can Intervene In Tribe's Casino Suit

    A D.C. federal judge on Thursday allowed residents of a Massachusetts town to intervene in the Mashpee Wampanoag Tribe's suit protesting the U.S. government's decision not to hold land in trust for the tribe so it can build a casino, agreeing they have standing.

  • February 21, 2019

    Norton Rose Beefs Up Cap Markets Team With Davis Polk Atty

    Norton Rose Fulbright has added a Davis Polk & Wardwell LLP attorney who has guided several high-yield deals with Asian real estate power players as a partner at its Hong Kong office.

  • February 21, 2019

    CFPB, Florida Regulators Want Their Ocwen Suits Merged

    The Consumer Financial Protection Bureau and Florida state regulators urged a West Palm Beach federal court on Wednesday to consolidate their lawsuits accusing Ocwen Financial Corp. of widespread mortgage servicing failures, saying the two cases overlap enough that it makes sense to combine them for discovery and on through any potential trial.

  • February 21, 2019

    Pittsburgh Tavern Blames Closure On City, Sewer Contractors

    A project to replace a sewer pipe in downtown Pittsburgh in 2014 touched off a series of problems that ended with sewage backing up into the Courthouse Tavern so frequently that it had to close, the restaurant’s owner said in a lawsuit filed in Pennsylvania state court Wednesday.

  • February 21, 2019

    Real Estate Attorney Disbarred Over Deed Fraud

    A New York real estate attorney has been disbarred after admitting that he could not defend against charges from the state’s Attorney Grievance Committee accusing him of forging documents to gain ownership of a Harlem brownstone.

  • February 21, 2019

    BLM Tells 9th Circ. Tribe Is Wrong On Geothermal Leases

    The Bureau of Land Management told the Ninth Circuit that a lower court was wrong when it required the federal government to do additional review before extending geothermal leases, arguing a California tribe offered "a series of different, mutually inconsistent arguments" in support of the ruling.

  • February 21, 2019

    Northeast Capital Widens NJ Footprint With Office Building

    Northeast Capital Group, with counsel from Brooklyn sole practitioner Abraham Raab, has acquired a 178,000-square-foot office building in New Jersey from Boxer Property, according to an announcement on Thursday from Boxer's broker Holliday Fenoglio Fowler LP.

  • February 21, 2019

    NYC Lead Victims' Bid To Depose Ex-Agency Chief Falls Flat

    A Manhattan federal judge expressed frustration with an effort by New York City Housing Authority residents suing over lead paint exposure to depose the former head of the city Department of Investigation, accusing them of neglecting the fundamentals of discovery in an “impulse to grandstand.”

  • February 21, 2019

    Fla. Plaintiffs Bar Defends 3rd-Party Benefits Assignment

    The Florida plaintiffs bar weighed in Wednesday on a closely watched dispute in the Florida Supreme Court over the assignment of insurance claim benefits to third parties like contractors, arguing that any restriction on an assignment of benefits violates constitutionally protected property rights.

  • February 21, 2019

    Real Estate Rumors: J Safra, WeWork, Seminole Tribe Of Fla.

    J Safra Real Estate has reportedly sold a Miami retail property for $15.5 million, WeWork is said to be taking 40,000 square feet in the Los Angeles area, and the Seminole Tribe of Florida has reportedly bought an office property and adjacent land for $7.1 million.

Expert Analysis

  • 3 Lessons From A Crypto Mock Trial

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    We recently hatched a plan to test whether litigators could get blockchain ledger entries into evidence under the existing Federal Rules of Evidence, and we found a federal judge willing to help us, say attorneys Justin Steffen, Andrew Hinkes, Lisa Braganca, Christopher Veatch, Kashan Pathan and Jimmie Zhang.

  • Opinion

    Commercial Real Estate Attorneys Must Embrace Tech

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    Some legal teams in the commercial real estate industry continue to rely on technology that has remained relatively unchanged for a quarter century. In this article, Gabriel Safar of LeasePilot discusses why these attorneys are hesitant to adopt new technology and why they should shift away from outdated processes.

  • Q&A

    A Chat With McDermott COO John Yoshimura

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    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature John Yoshimura, chief operating officer at McDermott Will & Emery LLP.

  • Opinion

    The Problem With 'Optimal' Diversity

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    Organizations should seek to avoid discrimination, but they should also be wary of the idea that diverse teams function better than nondiverse teams, because this reasoning lacks evidence and can lead to a slippery slope, says J.B. Heaton of J.B. Heaton Research LLC.

  • How Calif. Cannabis Rules Will Impact Investors And Lenders

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    Those seeking to invest, lend or rent to commercial cannabis businesses in California must understand the state's new disclosure requirements, which are different for individuals considered "owners" and those considered "financial interest holders," say attorneys at Geraci LLP.

  • Fresh Takes On Seeking Costs And Fees Under Rule 45

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    Recent case law reveals that courts vary widely in their approaches to shifting the costs and fees incurred in responding to a Federal Rule of Civil Procedure 45 subpoena. Nonparties responding to such requests should consider certain district court trends, say attorneys at Pepper Hamilton LLP.

  • Series

    Judging A Book: Smith Camp Reviews 'Echo Of Its Time'

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    "Echo of Its Time" is the story of Nebraska’s federal district court from statehood in 1867 to the demise of Prohibition in 1933. Professors John Wunder and Mark Scherer have written an objective, unsentimental and insightful history, layered with context and rich in character study, says U.S. District Judge Laurie Smith Camp of the District of Nebraska.

  • Guest Feature

    'The Mooch' Talks Mayhem, Con Law, Lessons From Harvard

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    Anthony Scaramucci is probably best known for the 11 days he spent as White House director of communications in 2017. But when White and Williams LLP attorney Randy Maniloff sat down to chat with "the Mooch," he was interested in hearing a different story.

  • Why NY's Sutton 58 Decision Won't Rattle Real Estate Finance

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    Though some have claimed the New York Appellate Division, First Department's ruling in Sutton 58 v. Pilevsky will have earth-shattering consequences, the deceptively narrow decision does not undermine the contract-based foundation upon which recourse carveout guarantees are built, say attorneys at Fried Frank Harris Shriver & Jacobson LLP.

  • Why Proper Document Redaction May Be An Ethical Duty

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    Paul Manafort's attorneys recently filed a court document containing incompletely redacted information, highlighting the need for attorneys to become competent at redaction — or at least at verifying that redaction has been performed correctly. Failure to do either could be construed as legal malpractice, says Byeongsook Seo of Snell & Wilmer LLP.