A Brooklyn leasing entity alleges that a suspended attorney with whom it's locked in protracted real estate disputes owes it at least $7.5 million, under a state statute that permits triple damages against an attorney guilty of deceit and misconduct, according to a New York state lawsuit.
A Florida appeals court Friday affirmed denial of several Miami residents' challenge to a state board's approval of deed restriction modifications to the city to allow construction of a $400 million marina and mixed-use project, finding the land is no longer “sovereignty submerged land.”
German lender and commercial bank IKB Deutsche Industriebank AG is pursuing its latest suit over residential mortgage-backed securities, accusing Wilmington Trust Co. of breaching its duty as the trustee of $168 million worth of the securities in a suit removed to New York federal court of Thursday.
Four developers of an Oklahoma tribal casino that has been deemed illegal by the National Indian Gaming Commission again asked the Seventh Circuit on Friday to resuscitate their malpractice suit against Dickinson Wright PLLC, saying they’ve been harmed even though construction has been given the green light.
A proposed class of black Detroit homeowners asked the Second Circuit Friday to resurrect their lawsuit, claiming the group's commonality and arguing that Morgan Stanley pushed a defunct subprime lender to provide risky loans to black borrowers and had profited off the debt’s securitization.
Chesapeake Lodging Trust has scored $150 million in financing backed by a Hyatt hotel in Boston from MetLife Inc., the Annapolis, Maryland-based real estate investment trust announced on Thursday.
The Texas Supreme Court on Friday set a new standard for nuisance claims — a legal concept so unclear that it has been called “the law’s garbage can” — in a ruling that remanded for a new trial a $2 million case accusing an EnLink Midstream LLC subsidiary of running too-noisy compressors.
MGM Resorts International immediately said it would appeal a Connecticut federal judge’s decision Thursday to toss its challenge to a state law that paves the way for the Mashantucket Pequot and Mohegan tribes to open a third casino in the state.
With sales slowing and construction costs climbing in South Florida, pressures are mounting for developers of high-rise condominiums, but following some basic steps can help those companies avoid legal tangles with lenders, buyers or builders. Here, experts offer three tips on how condo developers can stay out of legal trouble amid the market's recent slowdown.
Mortgage Electronic Registration Systems Inc. and several member banks told a Pennsylvania federal court on Thursday that a county’s putative class action seeking to recover millions in recording fees for mortgage assignments that weren’t filed in land records should be tossed since the Third Circuit resolved the same issue last year.
Star Wars’ creator George Lucas said he’d finally had it Friday with political wrangling over the location of his proposed museum in the city of Chicago, officially calling it quits and ending nearly two years of litigation between the city and a group dedicated to preserving the land the museum was to be built on.
A Chicago company at the center of a $160 million scheme to defraud a group of foreign investors with a fake convention center project filed for bankruptcy Thursday as the company and its leadership face financial penalties from regulators and a related criminal case.
Milestone Apartments Real Estate Investment Trust has secured $46.2 million in financing from insurance firm Lincoln Financial Group for a pair of multifamily properties in Plano, Texas, according to a Friday announcement from Milestone's broker Holliday Fenoglio Fowler LP.
A New Jersey landfill owner has filed for Chapter 11 in the wake of charges that the company and its operator lied to the state Department of Environmental Protection about plans to develop the site into a solar farm before the state ultimately seized control of the property.
The Little Traverse Bay Bands of Odawa Indians again urged a federal court Thursday to dismiss defenses regarding the potential disruptive effects of the tribe’s increased authority over land in the state, saying the U.S. Supreme Court has repeatedly ruled that such arguments lack force against tribal treaty rights.
Landlords for many of Sports Authority’s roughly 450 locations across the country moved late Thursday to start surcharging the retailer’s lenders to recover unpaid rent, fearing that the store leases up for Chapter 11 auction aren’t attracting enough market interest for there to be money to cover their claims.
ASB Real Estate Investments is reportedly buying a Soho retail property for $90 million, while Ocean Bank is said to have loaned $45 million for a Florida condo project, and WeWork and WeLive are said to be taking space in a planned Seattle tower.
Kentucky officials on Friday announced that General Motors Co. is planning to invest $290 million in its Bowling Green-based Corvette plant to improve technology and vehicle assembly line processes.
Boardwalk Real Estate Investment Trust has picked up a 238-unit new apartment complex in Calgary, Alberta, for $51.17 million, according to an announcement on Friday from the Canadian REIT.
A Pennsylvania appeals court has turned away a Sunoco unit’s petition to appeal a lower court’s order that sustained a Clean Air Council lawsuit challenging the company’s proposed use of eminent domain to complete its Mariner East pipeline projects, saying review of the certified order is not warranted.
The Texas Supreme Court's recent decision in Coyote Lake Ranch v. City of Lubbock can be seen as a predictable evolution in the court’s approach to groundwater and the need to access this resource in a fair and reasonable manner, says Anthony Cavender at Pillsbury Winthrop Shaw Pittman LLP.
It’s important to first decide what your personal brand is. Are you a crusader? A wry observer? A compassionate witness? Your social media presence doesn’t have to reflect the deepest aspects of your identity — it’s merely an image that you project, says Monica Zent, founder and CEO of Foxwordy Inc.
One of the most prevalent complaints by associates and recent law school graduates is the lack of meaningful mentoring by more seasoned attorneys. Gary Gansle, leader of Squire Patton Boggs LLP's Northern California employment law practice, offers several tips as a light that can help junior attorneys start down the right path in their career development.
While the types and effectiveness of actions a homeowners association could take to deter or prevent animal attacks is debatable, if no action is taken at all when it would be reasonable and prudent to do so, liability can result, say Gary Kaleita and Peter Simmons at Lowndes Drosdick Doster Kantor & Reed PA.
As affordable housing zoning ordinances proliferate across the country, landowners and developers have an opportunity to shape them to lessen their detrimental impacts, before the ordinance is even adopted, says Chuck Reed, special counsel at Hopkins & Carley and former mayor of San Jose, California.
LeBron James has established his worth by tangible metrics. He cashed in on a free agent bonanza fueled by the NBA’s economic model that supports his regal compensation. But such is not the case when it comes to first-year associate salaries of $180,000 at certain law firms and $2,000 an hour billing rates for certain partners, says Mark A. Cohen, founder of Legal Mosaic LLC.
No one understands the concept and obligations of “fiduciary duty” better than legal professionals — and yet, many law firm partners and principals may be overlooking a significant source of liability in their practices, says Tom Zgainer, CEO and founder of America’s Best 401k.
The benefits of estate planning are well known, but if a client establishes a trust, and then doesn't fund or administer that trust, estate planning can be a waste of time and money, says Manya Deva Natan at SSS Legal and Consultancy Services.
The New Jersey Supreme Court's forthcoming decision in Rosenthal & Rosenthal v. Benun could leave lenders more exposed to losing priority of their mortgage liens than they realize, say Rodman Honecker and Douglas Stevinson at Windels Marx Lane & Mittendorf LLP.
The U.S. Supreme Court's ruling in U.S. Army Corps of Engineers v. Hawkes has taken a small yet significant step in adding some clarity to the process of determining whether a water is subject to Clean Water Act jurisdiction. Ultimately, the court’s consideration of the matter was one of pragmatism and signals that the U.S. Environmental Protection Agency's and Corps’ authority under the CWA will continue to be highly scrutinized, ... (continued)