Real Estate

  • November 30, 2015

    Developer Sues Over Miami Parking Authority Project Award

    Developer Moishe Mana has asked a Florida state court to invalidate a deal awarded by the Miami Parking Authority to another entity to develop a desirable downtown property, claiming the semi-autonomous city agency violated public notice requirements and its chief executive acted out of favoritism.

  • November 30, 2015

    Real Estate MVP: Willkie Farr's David Drewes

    David C. Drewes of Willkie Farr & Gallagher LLP tackled a string of high-profile real estate deals this year, including a massive $690 million sale of apartment buildings and a €1.3 billion mortgage financing agreement, landing him on Law360’s list of Real Estate MVPs.

  • November 30, 2015

    Durst Hit With $100M Suit Over First Wife's Disappearance

    The family of real estate heir Robert Durst’s missing first wife, Kathleen McCormack Durst, filed a $100 million lawsuit in New York state court on Monday, saying he confessed to her murder in an HBO documentary that aired earlier this year.

  • November 30, 2015

    9th Circ. Upholds Right To 1-Year Notice Of Section 8 Cuts

    Section 8 recipients have a property right in knowing their benefits won’t be cut without being notified a year in advance, the Ninth Circuit said Monday, ordering a lower court to grant a proposed class of low-income Los Angeles residents a win in their case against the city’s housing authority.

  • November 30, 2015

    Westgate Resorts Sells $156M In New Timeshare Notes

    Orlando, Florida-based timeshare giant Westgate Resorts said Monday it has pooled and converted $169.1 million in timeshares loans for a notes offering and sold $155.9 million of the new bonds to a dozen investors.

  • November 30, 2015

    Calif. Appeals Court Says Property Tax Challenge Untimely

    A California appeals court upheld a trial court’s ruling that a development company cannot get a refund of property taxes approved by Alameda County voters in 2009, finding that the company’s lawsuit is untimely.

  • November 30, 2015

    Singapore High Court Backs Arbitrator In Construction Case

    Singapore's High Court denied a contractor’s challenge to an award over leaks and water-seepage at a commercial development in one of the nation’s premier shopping districts on Thursday, dismissing allegations that an arbitrator ruled on issues outside of the arbitrator's jurisdiction.

  • November 30, 2015

    Exec Accused Of $300M Ponzi Scheme Denied Acquittal Bid

    A Florida federal judge on Monday denied a former vacation rental firm executive's attempt to derail a second trial stemming from allegations he facilitated a $300 million Ponzi scheme, refusing to acquit him based on arguments that prosecutors failed to prove their claims.

  • November 30, 2015

    Vonovia Investors Greenlight $15B Deutsche Wohnen Bid

    Vonovia’s shareholders on Monday voted in favor of a capital raise needed to back the German real estate giant’s €14 billion ($14.8 billion) hostile pursuit of Deutsche Wohnen, even as its rival continues to resist the offer and carries out new deals to expand its portfolio.

  • November 30, 2015

    Real Estate Rumors: Black Bear, Publix, Baywood Hotels

    Black Bear Asset Management and Caspi Development have reportedly dropped $24 million on three New York rental properties, while a Publix affiliate is said to have picked up a Florida shopping center for $19 million, and Baywood Hotels has reportedly scored $17 million for a hotel development site in Miami.

  • November 30, 2015

    BIA Says Court Can’t Hear Wash. Eviction Notice Suit

    The Bureau of Indian Affairs renewed its bid Friday to toss a suit in Washington federal court over alleged eviction proceedings instituted against the tenants of a disputed off-reservation property, saying the site’s partial owners have not proven their case is ready for litigation.

  • November 30, 2015

    Pepper Hamilton Nabs Klehr Harrison Tax Pro In Philly

    A former Klehr Harrison Harvey Branzburg LLP tax partner with experience advising investment funds has joined Pepper Hamilton LLP in Philadelphia, where she will tackle the tax issues related to partnerships and the structure of mergers and acquisitions.

  • November 30, 2015

    SEC Freezes Assets Related To Alleged $10M EB-5 Scam

    A California federal judge has frozen the assets of a doctor, an office manager and businesses involved in an alleged scheme to steal at least $10 million from funds Chinese investors believed would lead to visas under a program that rewards job-creating investments in the United States.

  • November 30, 2015

    CPPIB, Hermes Drop $235M On London Office Property

    The Canada Pension Plan Investment Board and U.K.-based Hermes Investment Management have purchased a London office and retail property from Land Securities Group PLC for £156 million ($235 million), according to an announcement from the buyers on Monday.

  • November 30, 2015

    Real Estate Moguls On The Move

    November saw changes at the CEO level for Integra Realty Resources and developer Greenland USA, while Transwestern and Healthcare Realty Trust saw board of director shuffles and Cushman & Wakefield named some of its practice group heads on the heels of its merger with DTZ.

  • November 30, 2015

    Sheldon Silver Convicted In Corruption Trial

    A New York jury on Monday convicted former New York Assembly Speaker Sheldon Silver on corruption charges for what prosecutors say was a scheme to gain nearly $5 million in referral fees from a cancer doctor and real estate developers in exchange for legislative action and state funding.

  • November 30, 2015

    Sheppard Mullin Snags Snell & Wilmer Deal-Maker In LA

    Sheppard Mullin Richter & Hampton LLP said it has shored up its corporate practice group in Los Angeles by tapping a former Snell & Wilmer LLP partner with experience advising on mergers and acquisitions in industries including technology, health care, oil and gas, real estate, biotechnology, entertainment and retail.

  • November 30, 2015

    Federal Claims Court Backs $197M FAA Office Lease Award

    The U.S. Court of Federal Claims has backed the U.S. General Services Administration's award of a $196.5 million contract to house Federal Aviation Administration offices in the Seattle area, dismissing a challenge claiming the proposal contained too much space.

  • November 30, 2015

    Goldberg Weprin Reps Newmark On $115M NY Office Buy

    Goldberg Weprin Finkel Goldstein LLP represented a Newmark Holdings affiliate on its purchase of a 20-story Lower Manhattan office and retail property for $115 million, according to records filed in New York on Monday.

  • November 30, 2015

    Giant LA Development Blocked Over Environmental Concerns

    The California Supreme Court sidelined a massive mixed-use residential project along portions of a river north of Los Angeles, ruling Monday that the state improperly found greenhouse gas emissions would have no significant impact and that a plan to move endangered fish was flawed.

Expert Analysis

  • NJ Tax Exemption Challenges Just Got Easier To Prosecute

    Christopher John Stracco

    The Tax Court of New Jersey recently issued a precedent-setting decision in Estate of Lewis v. Trustees of Princeton University that clarifies which party has the burden of proof in challenging a real property tax exemption. Exempt entities can no longer hide behind the presumption of correctness of the exemption originally granted by the assessor, say Christopher John Stracco and Michael James Guerriero of Day Pitney LLP.

  • The Statute Of Limitations Defense In Foreclosure Actions

    Christopher A. Gorman

    One key issue that New York courts have recently begun to grapple with is how the statute of limitations is affected when a lender commences a foreclosure action, subsequently discontinues it and thereafter refiles a new action. Two courts encountered this issue recently with decisions that teach important lessons, say Christopher Gorman and David Gise of Westerman Ball Ederer Miller Zucker & Sharfstein LLP.

  • OPINION: In Search Of Our Best Law Firm Selves

    James Maiwurm.jpg

    Several developments over the past few months caught the eye of Jim Maiwurm, chairman emeritus of Squire Patton Boggs. Try as he might, he could not resist the temptation to comment on a few — such as the expansion of the Dentons “polycentric” empire, a confused verein controversy, and provocative suggestions that the law firm partnership model is a dinosaur.

  • New Federal Rules Acknowledge It’s Time To Drop The 'E'

    Gregory Leighton

    The amendments to the Federal Rules of Civil Procedure scheduled to take effect Dec. 1 are designed to usher in a new era in the U.S. litigation system, this time acknowledging that what was once known as “e-discovery” is now just discovery. The amendments are sweeping in scope, but none is more important than the revised Rule 37(e), say Gregory Leighton and Eric Choi of Neal Gerber & Eisenberg LLP.

  • Avoiding Gamesmanship In Appointing Appraisal Umpires

    G. Brian Odom

    A recent decision by the San Antonio Court of Appeals has made it harder for parties looking for a level playing field in the process of seeking a court-appointed umpire for property insurance disputes, says Brian Odom at Zelle Hofmann Voelbel & Mason LLP.

  • New HUD Rule Expands Harassment And Liability Claims

    Harry J. Kelly

    The U.S. Department of Housing and Urban Development recently proposed a rule that clarifies two types of harassment claims under the Fair Housing Act — underscoring HUD’s refusal to provide guidance on other areas of fair housing law — and pushes the borders of direct and vicarious liability in ways that could be inconsistent with governing law, says Harry Kelly at Nixon Peabody LLP.

  • Class Counsel Fees Getting 'Intense Judicial Scrutiny'

    Carolyn Cole

    Recognizing that defendants have no duty and little incentive to object to an inflated class counsel fee request, and that class counsel have every incentive to increase their fees, Judge Richard Posner and the Seventh Circuit have filled this void by directing “intense judicial scrutiny” of class counsel fee awards. In doing so, the court identified issues all counsel now should consider when crafting a class action settlement, sa... (continued)

  • 3 Ways Technology Is Changing Law Office Designs


    A growing number of attorneys and firms are eschewing tradition by embracing technology to change not only the way we work, but also the way we organize our offices, says Anthony Johnson, founder and CEO of American Injury Attorney Group.

  • The Next Dormant Mineral Act Case At Ohio High Court

    Jesse J. Zirillo

    The Supreme Court of Ohio recently heard oral arguments in Eisenbarth v. Reusser, a case in which two chains of title each end in a separate set of cousins who dispute ownership to a previously severed mineral interest based on differing interpretations of the state’s Dormant Mineral Act. The decision has the potential to provide much-needed guidance to attorneys in the energy and real estate sectors, say Jesse Zirillo and Barbara ... (continued)

  • Applicants May Forgo Fla. Sports Development Program

    Douglas K. Gartenlaub

    As the city of Orlando, Florida, moves forward with its new plan for a larger, privately financed stadium, fellow applicants under the state's Sports Development Statute are left waiting on legislative whim, and future applicants face an even more rigorous application process, says Douglas Gartenlaub of Burr & Forman LLP.