Real Estate

  • June 24, 2016

    Suspended NY Atty Sued Over Actions In Real Estate Row

    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.

  • June 24, 2016

    Fla. Appeals Court Tosses Challenge To Miami Yacht Marina

    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.”

  • June 24, 2016

    German Bank Seeks Compensation For $168M RMBS Loss

    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.

  • June 24, 2016

    Casino Builders Again Say Dickinson Wright Gave Bad Advice

    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.

  • June 24, 2016

    Black Homeowners Want Morgan Stanley Class Action Revived

    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.

  • June 24, 2016

    REIT Chesapeake Lodging Scores $150M Loan From MetLife

    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.

  • June 24, 2016

    Texas Justices Redefine Nuisance In $2M Pipeline Noise Suit

    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.

  • June 24, 2016

    MGM Won't Give Up Challenge To Conn. Tribal Casino Law

    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.

  • June 24, 2016

    3 Ways Developers Can Get Through The S. Fla. Condo Slump

    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.

  • June 24, 2016

    MERS, Banks Seek To Toss Pa. Mortgage-Recording Action

    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.

  • June 24, 2016

    Frustrated George Lucas Won't Build Museum In Windy City

    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.

  • June 24, 2016

    Chicago Co. Files For Bankruptcy Amid $160M Visa Fraud Case

    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.

  • June 24, 2016

    Milestone Apartments REIT Scores $46M Loan From Lincoln

    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.

  • June 24, 2016

    Indicted NJ Landfill Owner Seeks Ch.11 Protection

    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.

  • June 24, 2016

    Tribe Says Treaty Rights Trump Mich.’s Fears Of Disruption

    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.

  • June 24, 2016

    Sports Authority Landlords Want Lenders To Cover Some Rent

    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.

  • June 24, 2016

    Real Estate Rumors: ASB, Ocean Bank, WeWork And WeLive

    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.

  • June 24, 2016

    GM Plans $290 Million Investment in Corvette Plant

    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.

  • June 24, 2016

    Boardwalk REIT Drops $51M On 238 New Calgary Apartments

    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.

  • June 23, 2016

    Sunoco Can't Appeal Order OK'ing Eminent Domain Challenge

    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.

Expert Analysis

  • Texas Extends 'Accommodation Doctrine' To Groundwater

    Anthony B. Cavender

    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.

  • How Lawyers Can Harness The Power Of Social Media

    Monica Zent

    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.

  • From The Partner's Desk: Tips For Recent Law Grads

    Gary M. Gansle

    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.

  • HOAs May Bear Liability For Wild Animal Attacks In Fla.

    Gary M. Kaleita

    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.

  • Easing The Burden Of Affordable Housing Mandates

    Chuck Reed

    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.

  • 'Taking My Talents To South Beach': Law Firm Version

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    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.

  • Your 401(k) Plan: A Ticking Time Bomb Of Liability?

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    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.

  • How To Avoid Creating A Worthless Trust

    Manya Deva Natan

    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.

  • NJ High Court: Lenders Could Lose Their Mortgage Priority

    Rodman E. Honecker

    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 High Court's Logical Approach To CWA Jurisdiction

    Joshua A. Bloom

    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)