Starwood Property Trust has clinched a $1.1 billion commercial real estate collateralized loan obligation, the mortgage real estate investment trust run by Greenwich, Connecticut-based private investment firm Starwood Capital Group said on Monday.
Digital mortgage startup Better.com said Monday it raised $160 million in a Series C funding round, with backers including Activant Capital, Citi and American Express Ventures.
Home inspectors are not exempt from liability under the New Jersey Consumer Fraud Act because there is “no direct and unavoidable conflict” between that statute and other regulations governing them, a state appeals court said in a published opinion that revived a couple’s claims against a former inspector.
President Donald Trump spent decades affixing his name to flashy properties, but his reported interest in purchasing the autonomous territory of Greenland — while legally feasible — would be fraught with logistical, political and pragmatic hurdles.
A Maryland federal judge has denied a defendant's bid to release restrained funds so he can pay his lawyer about $189,000 in fees and costs in a Belize property sales case, which the Federal Trade Commission calls the largest overseas real estate investment scam it has ever targeted.
The Little Traverse Bay Bands of Odawa Indians cannot get recognition of their reservation boundaries from the state of Michigan, a federal judge has ruled, saying an 1855 treaty set aside land land for individual allotments, not a reservation.
A New York state judge on Friday approved a move by a proposed class of Citibank NA investors to drop their lawsuit against the bank for claims they lost $2.3 billion because Citibank ignored widespread problems with toxic residential mortgage-backed securities.
Hotel developer Sam Chang of McSam Hotel Group LLC has landed $83 million in financing for a hotel on West 51st Street in Manhattan, according to an announcement Friday from Madison Realty Capital, which provided the loan.
A GSI Equities venture is reportedly under contract to buy a Miami building for nearly $10 million, Mack Real Estate Credit Strategies is said to have loaned $368 million for three New York City properties, and a residential condo building in Chicago could be converted to a hotel.
Australian real estate and private investment firm Charter Hall Group on Friday announced a AU$700 million ($474.4 million) partnership that will manage 37 properties on behalf of Melbourne-headquarters telecommunications giant Telstra Corp.
The Sixth Circuit affirmed class certification Thursday for landowners claiming Total E&P USA Inc. and Chesapeake Exploration LLC withheld payments from hundreds of royalty owners, saying differences among the natural gas and oil wells did not overly complicate the common question of whether the company made improper payment deductions.
After some prodding by a New York bankruptcy judge, a bankrupt hedge fund and a group of its bondholders Thursday agreed to jointly oversee an investigation into the initial public offering that allegedly sent the fund into Chapter 11.
Office-rental giant WeWork’s filing for an initial public offering, which could pave the way for another blockbuster deal in a banner year for IPOs, also reveals an array of legal, corporate governance, and economic risks that could give the company headaches down the road. Here are three notable disclosures.
An Eleventh Circuit panel ruled Thursday that a lower court was correct to ditch a proposed class action brought by a pension fund against mortgage servicer Ocwen Financial Group because the company's alleged misstatements over its software were too vague to have credibly breached federal securities laws.
Kirkland, Allen Matkins, Cozen O'Connor, Dentons, Sills Cummis, Willkie Farr, K&L Gates, Lewis Brisbois, Sheppard Mullin and Gordon & Rees are among the law firms that made real estate or construction hires over the past month.
A Florida woman couldn't show that real estate investment company CA Ventures was behind unwanted text messages promoting a Miami apartment building, a federal judge said Thursday in dismissing the case.
A California state appeals court has found that a lower court should have granted a property management business's bid to force an employee to arbitrate his age bias and wage-and-hour suit, saying it didn't matter that he signed an arbitration pact after he filed his case.
A Florida federal judge has allowed the receiver in the failed Jay Peak EB-5 immigrant investor project to sell a Vermont property relinquished by Miami businessman Ariel Quiros to benefit creditors and investors in an alleged $350 million fraud.
An Ohio environmental group said Thursday that local communities can pass provisions that go beyond state-imposed guidelines if they are aimed at enhancing public health and safety, arguing that a challenge to the city of Toledo's "bill of rights" for Lake Erie's protection should fail.
The former vice chair of the real estate practice at Los Angeles-headquartered Paul Hastings LLP has moved down the street to the L.A. office of Kirkland & Ellis LLP as part of an effort to fill out the latter firm's West Coast roster, Kirkland announced on Wednesday.
Apple is reportedly eyeing between 200,000 and 750,000 square feet of space in Manhattan, Uber has reportedly purchased multiple parcels of land in Dallas, and a Slate Property venture is said to have paid $106.5 million for a New York apartment building.
Ashford Hospitality Trust Inc. said Thursday it has sold for $37.8 million the 156-room Courtyard by Marriott Savannah Downtown/Historic District hotel in Savannah, Georgia, and the 128-room Hilton Garden Inn in Wisconsin Dells, Wisconsin.
Fox Rothschild has settled allegations in New Jersey state court that it mishandled a discrimination suit against Wentworth Group Inc. by failing to warn that a verdict in the underlying case could exceed the property management company's insurance limits, according to court documents.
The Comanche Nation has lost its bid to pause litigation challenging a Chickasaw Nation casino until the U.S. Supreme Court resolves a case touching on tribal jurisdiction, with an Oklahoma federal judge saying Thursday that the appeal’s outcome likely won’t affect his decision.
Real estate startup Flyhomes said Wednesday it has brought in $141 million in new financing, including $21 million in Series B funding led by venture capital firm Canvas Ventures.
As politics and cyberrisks become increasingly intertwined, policyholders and insurers alike would benefit from more certainty in relation to the cyber insurance war exclusion, and from more options in the market that would cover a cyberattack on the U.S. power grid, says Thomas Hunt of Robert M. Currey & Associates.
When crises occur, such as data security incidents or gender bias suits, a well-prepared law firm has a thoroughly tested communications plan at the ready, which ensures the firm is the most proactive news source, prevents the crisis from escalating and notifies stakeholders about mitigation efforts, says Zach Olsen at Infinite Global.
The Eighth Circuit's recent denial of an employer’s request to force arbitration in Shockley v. PrimeLending teaches employers important lessons about how courts will interpret concepts like “agreements” when the employer’s personnel documents are electronically stored and contain automated acceptances, says Michele Brott at Davis Brown.
At attorney Greg Craig’s trial in D.C. federal court this week, the courtroom was cleared so prospective jurors could answer sensitive questions. Even seasoned litigators were left wondering about the nature of this subtle, yet significant, issue involving Sixth Amendment public trial rights, says Luke Cass at Quarles & Brady.
To avoid devastating penalties that can be triggered due to conflicting use and timing requirements under the new qualified opportunity zone regime, real estate investors should ensure qualified opportunity funds include certain provisions, says Tucker Thoni at GrayRobinson.
In the early 1980s, I was working on my Ph.D. in marine biology and ecology. As part of an international team of scientists studying oil spill impacts on marine ecosystems, I saw a niche opportunity to combine science and law, says Andrew Davis of Shipman & Goodwin.
In their roundup of New York's recent tax law highlights, Timothy Noonan and Craig Reilly of Hodgson Russ discuss the ongoing battle over President Donald Trump’s state tax returns and New York's recently updated corporation franchise tax apportionment regulations.
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.
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.
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.
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 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.
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.
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.
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.