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Real Estate

  • April 24, 2019

    MGM Detroit, Tribes Cleared To Intervene In Land Trust Fight

    A pair of Native American tribes and several casinos will be permitted to intervene in a suit over Michigan land that the Sault Ste. Marie Tribe of Chippewa Indians says the government should've taken into trust for the tribe, a Washington, D.C., federal judge has decided.

  • April 24, 2019

    Homeowners Didn't Waive Privilege In Insurance Suit: Panel

    A Florida court erred when it found that homeowners had waived their attorney-client privilege in a coverage lawsuit against Citizens Property Insurance Corp. and ordered them to turn over potentially privileged information without first reviewing it privately, a state appeals court ruled Wednesday.

  • April 24, 2019

    GE Mortgage Unit Will Address Last Subprime Claim In Ch. 11

    Attorneys for residential housing lender WMC told a Delaware bankruptcy judge Wednesday that it intends to incorporate a proposed settlement of the last outstanding claim against it related to subprime mortgages issued ahead of the Great Recession in a Chapter 11 plan.

  • April 24, 2019

    New Senior REIT Floats $53M Derivative Settlement In Del.

    New Senior Investment Group and its directors proposed a $53 million settlement late Tuesday in Delaware Chancery Court that will resolve a yearslong shareholder derivative suit over a $640 million purchase by the senior housing REIT that investors alleged unfairly favored Fortress Investment Group.

  • April 24, 2019

    HFF Lands $16.9M Loan Slated For Industrial Redevelopment

    Holliday Fenoglio Fowler said Wednesday that it has landed a $16.9 million loan on behalf of a real estate investment company that will be used to overhaul a 302,400-square-foot single-tenant building in West Sacramento, California.

  • April 24, 2019

    Ill. Gov. Denies Wrongdoing After Reports Of FBI Tax Probe

    Illinois Gov. J.B. Pritzker denied wrongdoing on Wednesday amid reports he was under federal investigation over allegations he allowed a Chicago mansion he owns to fall into disrepair to claim property tax breaks.

  • April 24, 2019

    Real Estate Rumors: Capital One, Charter Schools USA, Uber

    Capital One has reportedly provided $721.8 million of financing for a student housing portfolio, Charter Schools USA is said to have dropped $16.91 million on a Florida charter school and Uber is reportedly looking for as much as 300,000 square feet in New York ahead of its upcoming initial public offering.

  • April 24, 2019

    Hospitality Startup Selina Raises $100M In Series C Financing

    Hospitality startup Selina has raised $100 million in Series C funding as the firm plans to open dozens of additional properties this year, Selina said in a statement Wednesday.

  • April 24, 2019

    Supermarket Income REIT Buys Tesco Store For £45M

    Supermarket Income REIT has reached a deal to buy a Tesco PLC store in England for £45 million ($58.1 million) from Charities Property Fund, the real estate investment trust announced on Wednesday.

  • April 24, 2019

    Brotherly Betrayal: Carpet Biz Owner Says Sibling Stole Name

    The owner of a D.C. flooring subcontractor has sued his brother, saying the brother stole his company’s name to set up a rival flooring company, falsely claimed some of his biggest government contracts and “manipulated Google search results” to drive traffic away from his site.

  • April 23, 2019

    5th Circ. Revives Builder's Objection To Road Work On Its Plot

    The Fifth Circuit on Monday revived claims against a Texas municipality and a consulting firm brought by a construction company alleging it was misled in an attempt by the city to carve out a parcel of land needed for a road rehab project.

  • April 23, 2019

    Investors In Event Center Say Utah Developer Misled Them

    A group of investors sued a real estate company through which they purchased an Indiana event venue under a tenant-in-common ownership agreement, accusing the company Tuesday in Utah federal court of defrauding them by misrepresenting the profitability and potential risk of their $4.9 million investment in the property.

  • April 23, 2019

    Pa. Developer Avoids Prison In Ex-Mayor's Graft Case

    A Pennsylvania developer was sentenced to three years of probation by a federal judge on Tuesday after pleading guilty to bribing the now-convicted former mayor of Allentown to speed along approvals for projects he was pursuing in the city.

  • April 23, 2019

    Wyndham's False Ad Suit Is Off-Base, Timeshare Exit Co. Says

    A timeshare exit company asked a Florida federal court on Tuesday to dismiss Wyndham's suit accusing it of advertising a bogus timeshare relief scheme and using a fake law firm to induce customers to default on their timeshare obligations, arguing that the Florida court has no jurisdiction over the Nevada-based company.

  • April 23, 2019

    Landowners Slam Kinder Morgan Over Permian Pipeline Plans

    Kinder Morgan has been allowed to run roughshod over property rights in planning for a proposed Permian Basin-to-Gulf Coast natural gas pipeline, and Texas regulators have abdicated their responsibility to oversee the project, landowners allege in a lawsuit filed this week.

  • April 23, 2019

    2 Insurance Brokers Aim To Duck Volcano Damage Class Suit

    Two Hawaii insurance brokers urged a federal court Monday to free them from a proposed class action alleging they left homeowners unprotected during a 2018 volcanic eruption by steering the residents to buy Lloyd’s of London policies that excluded lava damage coverage.

  • April 23, 2019

    Katten Muchin Draws Trio Of Akin Gump Attorneys

    Katten Muchin Rosenman LLP has announced that three Akin Gump attorneys have joined the bankruptcy and real estate practices at the firm's Dallas office.

  • April 23, 2019

    Remorse Cuts Ex-NFL Player's Fraud Term To Under 3 Years

    A former NFL lineman shaved a year and a half off a potential four-year prison stay with a sincere expression of remorse Tuesday for embezzling $2.5 million in payments on home loans that were sold as government-backed securities, receiving a 32-month sentence instead.

  • April 23, 2019

    Real Estate Rumors: Oaktree, United Community Bank, Natixis

    An Oaktree venture is reportedly seeking north of $330 million for the Chicago Board of Trade Building, Home Communities is said to have scored $18.52 million in construction financing from United Community Bank for a Florida senior living project, and Natixis has reportedly provided $734 million in CMBS debt for multiple California residential towers.

  • April 23, 2019

    British Land-Sainsbury Venture Sells 12 Stores For $555M

    A joint venture of British Land Co. PLC and J Sainsbury PLC has reached a deal to sell 12 Sainsbury's grocery stores to Realty Income Corp. for £429 million ($555 million), according to an announcement from the U.K. real estate investment trust on Tuesday.

Expert Analysis

  • Rebuttal

    Jury Trials, Though In Decline, Are Well Worth Preserving

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    In a recent Law360 guest article, the author applauded the disappearance of jury trials as an inefficient, costly mechanism, but in doing so he overlooked the greater value of jury trials for our justice system, says Stephen Susman, executive director of the Civil Jury Project at NYU School of Law.

  • A Broader View Of The US Supreme Court Bar

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    During the past 15 years, three widely read articles bolstered by starstruck media have promulgated the incorrect perception — sorely in need of revision — that the U.S. Supreme Court bar is limited to a handful of elite lawyers, says Lawrence Ebner of Capital Appellate Advocacy.

  • Health Care Cos. Should Beware Usurpation Of Opportunity

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    A recent Delaware Court of Chancery decision, Personal Touch v. Glaubach, may prompt corporate leadership to be more attentive to the legal risks associated with the usurpation of corporate opportunity, especially in the health care sector, says Michael Peregrine of McDermott.

  • Are Calif. Real Estate Agents Still Independent Contractors?

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    The California Supreme Court's Dynamex decision makes it very difficult for real estate brokerage firms to continue treating their agents as independent contractors, but there are some glimmers of hope for firms, say Mary Watson Fisher and Anna Greenstin Kudla of Walsworth.

  • In Virtual Teams For Mass Torts, The 'Law Team' Is Critical

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    A critical component of any virtual law team assembled for mass tort litigation is a dedicated "law team," which tackles the legal strategy and drafts the many necessary pleadings, motions and other submissions, say attorneys at Pepper Hamilton and Faegre.

  • Opinion

    Jury Trials Are In Decline For Good Reason

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    A recent Law360 article reported on federal judges bemoaning jury trials' nationwide decline, but these laments are unfounded as jury trials have been replaced by better alternatives, says J.B. Heaton of J.B. Heaton Research.

  • Like-Kind Exchanges Hold Tax Traps For The Unwary

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    Under the Tax Cuts and Jobs Act, the interaction between new limits on tax-free like-kind exchanges and the 20% pass-through business income deduction carries hazards — particularly in real estate deals — such as the risk of losing the first year’s tax deduction in an exchange straddling two taxable years, says Libin Zhang at Fried Frank.

  • Seattle's Inclusionary Zoning Scheme May Face Challenges

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    Seattle's citywide Mandatory Housing Affordability scheme, which will take effect Friday, suffers from several legal vulnerabilities, and the additional capacity it allows may not support the scheme's costs, say Steven Gillespie and Patrick Schneider of Foster Pepper.

  • Series

    Why I Became A Lawyer: A Circuitous Path To The Law

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    Instead of going to college after high school, I followed in my father’s footsteps and became an electrician. Later I became an electrical engineer, and then an IP attorney. Every twist and turn along the way has made me a better lawyer, says Joseph Maraia of Burns & Levinson.

  • NJ Taxpayers Will Face TCJA Consequences After Tax Day

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    The full weight of both federal and state law changes will be felt by New Jersey taxpayers for the first time following Tax Day on Monday. Attorneys at Cole Schotz highlight the state and local tax deduction cap, the impact on taxpayers with interests in foreign entities and the introduction of opportunity zones.