Real Estate

  • September 3, 2015

    DOJ Drops Charge In NJ Tax Lien Bid-Rigging Case

    The U.S. Department of Justice dismissed its only charge Thursday against an investor who had been accused of conspiring to manipulate the bidding process for tax lien auctions in state municipalities — just one week before his trial was set to begin.

  • September 3, 2015

    5 Florida Office Properties Trade Hands For $111M

    A portfolio of five Tampa, Florida, office properties with nearly 576,000 square feet has changed hands for $111 million, according to an announcement Thursday from CBRE Group Inc., which brokered the deal for the seller.

  • September 3, 2015

    4 Ways China’s Crash May Alter US Real Estate Investment

    With stock prices in China having fallen nearly 40 percent in less than three months, experts say the U.S. property market may be in for a ride as established Chinese players look poised to ramp up acquisitions and newcomers are likely to scale back. Here, Law360 looks at four ways the stock tumble could affect Chinese investment in U.S. real estate.

  • September 3, 2015

    Greenberg Traurig Adds 2 Property Tax Shareholders

    Greenberg Traurig LLP said Thursday it has beefed up its Orange County, California-based tax practice with two new property tax shareholders.

  • September 3, 2015

    Real Estate Rumors: Prudential, Alexander Wang, Stats

    Prudential Real Estate Advisors has reportedly dropped $165 million on an Apple-leased campus in California, designer Alexander Wang is in talks to lease 75,000 square feet in New York, and sports data firm Stats is in discussions to lease 70,000 square feet in Chicago.

  • September 3, 2015

    Supermarket Owners Sue Attys Over Property Buy Gone Awry

    The family behind a Franklin Lakes, New Jersey, grocery and catering business has sued attorneys who guided them in a shopping center acquisition and related arrangements, accusing one of the lawyers of self-dealing and others, including a Cole Schotz PC member, of neglecting their interests.

  • September 3, 2015

    5 Firms Guide $145M Bond Deal For DC Mixed-Use Project

    Ballard Spahr LLP represented Hoffman-Madison Waterfront in its deal for more than $145 million in bonds — issued Thursday and to be used for a D.C. project that includes hotel and retail — a matter Orrick Herrington & Sutcliffe LLP and Hawkins Delafield & Wood LLP worked on as bond and disclosure counsel respectively.

  • September 3, 2015

    Gunster Adds Shareholders In Employment, Real Estate

    Florida-based Gunster is bolstering its Tampa and Miami offices with the addition of two shareholders with expertise in international matters, real estate and employment, including one who is bringing his own employer consulting business, the firm said Wednesday.

  • September 3, 2015

    9th Circ. Won't Rehear Unrecognized Tribe's Calif. Land Bid

    A Ninth Circuit panel said Wednesday it would not revisit its published opinion affirming a lower court's dismissal of a nonfederally recognized Native American tribe's bid to assert title to thousands of acres of private land in California.

  • September 3, 2015

    LA Drops Mortgage Discrimination Case Against JPMorgan

    The city of Los Angeles on Tuesday dropped its discriminatory lending lawsuit against JPMorgan Chase & Co., with an agreement bringing to a close the first of four lawsuits the city filed against major banks.

  • September 3, 2015

    Trans Union Gets FCPA Suit Stayed For Spokeo, Tyson

    A California federal judge on Thursday stayed a class action claiming Trans Union LLC violated the Fair Credit Reporting Act by not allowing consumers to contest criminal and terrorist alerts on their reports, agreeing that two pending U.S. Supreme Court decisions could reshape the case.

  • September 3, 2015

    Fed. Circ. Backs Navy's Small Biz Set-Aside Involving Hotel

    The Federal Circuit upheld a U.S. Navy contract decision as a proper small-business set-aside, finding Wednesday in a precedential decision that it was enough that the awardee would perform the management and coordination work for lodging and transportation for a military command center in New Jersey even though a major hotel chain would perform the physical labor.

  • September 3, 2015

    Homeowners Say HSBC, PHH Auto-Charged Unfair Fees

    Mortgage borrowers in New York federal court on Wednesday hit HSBC Bank USA NA., PHH Mortgage Corp. and various affiliates with a putative class action alleging they used an automated system to systematically charge defaulted consumers with unnecessary “property protection” fees.

  • September 3, 2015

    Machine's Ex-Owner Not Liable For Injury, Texas Justices Told

    Occidental Chemical Corp. told the Texas Supreme Court in oral arguments Thursday that the company was not liable for the design of a faulty machine that sprayed acid in a worker’s face, partially blinding him, because the machine was affixed to property Occidental sold and was no longer responsible for.

  • September 3, 2015

    8th Circ. Affirms Tribe's Appeal Bond In Minn. Land Fight

    The Eighth Circuit upheld a Minnesota district court’s imposition of a $200,000 appeal bond on descendants of the Mdewakanton Band who are embroiled in a land dispute with 75 private landowners, local counties and the Lower Sioux Indian Community.

  • September 3, 2015

    Citi Picks Up Consumer Relief Pace Under $7B Mortgage Deal

    The monitor overseeing Citigroup Inc.’s compliance with last year’s $7 billion mortgage settlement on Thursday said the firm had been credited with approximately $162.7 million of the consumer relief required under the deal, marking a dramatic increase in relief the bank delivered.

  • September 3, 2015

    State, County Can't Tax Tribal Biz Enterprise, US Tells Court

    State and local authorities in Washington are barred from taxing the Tulalip Tribes' business enterprise under federal law, the U.S. government told a federal court Wednesday, saying doing so interferes with the tribe's ability to be economically self-sufficient.

  • September 3, 2015

    White & Case, Clifford Chance Steer $72M Hamburg Hotel Deal

    White & Case LLP represented UK & European Investments Ltd. in its roughly €65 million ($72.2 million) purchase of a 270-room Hamburg Marriott hotel from Clifford Chance LLP-counseled Union Investment Real Estate GmbH, according to an announcement by the companies on Wednesday.

  • September 2, 2015

    Variant Urges Court Not To Toss Suit Against Ex-CEO

    Variant Holding Co. LLC urged the Delaware bankruptcy court Tuesday not to throw out the adversary action it lodged against its ex-CEO accusing him of interfering with its real estate portfolio sale, arguing that tens of millions of dollars and its prospect of reorganization are at stake.

  • September 2, 2015

    Ex-Client Says Texas Atty Stole Money, Faked Investments

    A former client sued a Houston attorney in state court Wednesday, claiming the lawyer stole its money and faked a real estate transaction to pocket a purported loan, and that when confronted, promised restitution that hasn’t come.

Expert Analysis

  • The Perils Of Dual Agency In Real Estate Transactions

    Michael A. Pensabene

    Although it seems counterintuitive, real estate brokers are permitted to act as agents for both parties in a real estate transaction — provided that there is full disclosure and consent by both principals. However, in an active real estate market agents often aggressively pursue parties without realizing that they may have created an agency relationship, potentially undermining the entire transaction, says Michael Pensabene at Rose... (continued)

  • Fla. Construction Law: 5 Things Developers Should Know

    Charles B. Jimerson

    While real estate developers should be well versed in Florida’s construction laws, there are five particular aspects that developers should know backwards and forwards, say Charles Jimerson and Brittany Snell at Jimerson & Cobb PA.

  • SEC Case Against Agassi In-Law Highlights EB-5 Investor Risk

    Adam Sisitsky

    On Aug. 25, the U.S. Securities and Exchange Commission filed a civil fraud suit against Lobsang Dargey, a real estate developer and alleged fraudster who also happens to be a brother-in-law of tennis star Andre Agassi. The complaint is relevant to investors and regional centers in the EB-5 industry, as well as to lawyers advising issuers in EB-5 offerings, say members of Mintz Levin Cohn Ferris Glovsky and Popeo PC.

  • 'Anti-Concurrent Cause' Won't Work In Ariz. Fire Policies

    William A. Webster

    While anti-concurrent cause provisions are enforceable in a vast number of policies and jurisdictions, the Ninth Circuit's Stankova decision has brought the enforceability of such clauses into question for fire losses in Arizona and in states that have adopted the New York standard fire insurance policy, say William Webster and Charles Cannizzaro at Robins Kaplan LLP.

  • NY High Court, 2nd Circ. Are No Friends Of Fracking

    Yvonne E. Hennessey

    Not only have oil and gas operators utterly lost the ability to secure drilling permits to develop shale assets in New York due to a statewide ban, but now the New York Court of Appeals and Second Circuit have compounded this injury by affirming the termination of state oil and gas leases at the expiration of their primary term, says Yvonne Hennessey of Barclay Damon LLP.

  • How Grocery Retailers Are Filling The Urban Grocery Gap

    Timothy H. Watkins

    With more people choosing to live in cities and urban development booming, grocery retailers have spotted the market opportunity. The very active grocery retail markets of Boston and Washington, D.C., may serve as an example to retailers of how to successfully adapt the traditional suburban supermarket format to city living, say attorneys at Goulston & Storrs PC.

  • Reading Rehnquist And Roberts Courts On Property Rights

    Paul J. Beard

    Under Chief Justice John Roberts, the U.S. Supreme Court has tended to be much friendlier to property rights than the Rehnquist court. At best, the Rehnquist court issued some confusing property rights decisions that have plagued the attempts of landowners to successfully litigate their takings claims — at worst, the Rehnquist court completely undermined their rights, says Paul Beard of Alston & Bird LLP.

  • 5 Tips For Beating A Bank Foreclosure

    Evan M. Rosen

    There is a common saying in the law, "widows and orphans make bad law." Apparently, we can add banks to that too. Bedrock principles of law are all being rechiseled in favor of banks. But, there are still a few issues within res judicata and the statute of limitations which are being upheld and can be applied to successfully defend a foreclosure suit, says Evan Rosen founder of Rosen Law Firm PA.

  • Insurance Filed Rate Defense Wins Over The 2nd Circuit

    Sandra D. Hauser

    The Second Circuit's noteworthy embrace of the filed rate doctrine in Rothstein v. Balboa Insurance Co. gives a strong boost to a doctrine that has come under scrutiny in the trial courts for some time, say attorneys at Dentons.

  • 2 Recent Laws Will Increase Risks For Mortgage Servicers

    J. Stephen Barge

    Two recent and unrelated legislative developments, which have largely gone unnoticed in the real estate tax realm, will dramatically raise the stakes for mortgage servicers and originators who file IRS Forms 1098, say attorneys at K&L Gates LLP.