Real Estate

  • July 29, 2016

    Property Manager Wants Out Of Investors' $156M Claims

    Property manager CBRE Inc. urged a Florida federal court Friday to dismiss it from a proposed class suit filed by Cabot Investment Properties LLC investors over an embezzlement scheme that cost them $156 million, arguing that it was a victim too.

  • July 29, 2016

    Man Wants Pokemon To Go Away From Private Property

    A New Jersey man launched a proposed class action against the makers of Pokémon Go in California federal court on Friday, alleging the game’s GPS coordinates determining where players go allow the game makers to profit while he has to deal with strangers lingering around his house.

  • July 29, 2016

    2nd Circ.'s Decert. Of Class After $55M Win Is Challenged

    A class of homeowners that was decertified after a jury awarded it $55 million over fees charged by Wells Fargo & Co. urged the Second Circuit on Friday to reconsider its ruling upholding the decertification, saying the decision runs afoul of the Seventh Amendment and federal rules.

  • July 29, 2016

    NLRB Gave Quicken Employment Rules Fair Shake: DC Circ.

    The D.C. Circuit refused Friday to review a National Labor Relations Board ruling that provisions of Quicken Loans Inc.'s employment agreement with its mortgage bankers aimed at protecting confidential information and keeping employees from criticizing the company violate federal labor law, saying it was neither capricious nor arbitrary.

  • July 29, 2016

    CFPB Includes Co-Ops In Mortgage Disclosure Rule Changes

    The Consumer Financial Protection Bureau said Friday it has proposed several updates to its mortgage disclosure rule, to clarify certain parts of the rule and to aid with compliance, including by resolving issues related to housing co-ops, all while preserving consumer protections.

  • July 29, 2016

    GAO Wants More VA Transparency On Medical Facility Leases

    Although the U.S. Department of Veterans Affairs cited the flexibility to move as justification in all its 51 proposals for medical facility leases, the VA needs to be more transparent about how it has benefited from this flexibility, according to the U.S. Government Accountability Office.

  • July 29, 2016

    1st Circ. OKs Appeal Of Notre Dame Faulty Construction Award

    Two Massachusetts companies found liable by an English arbitrator for shoddy construction work on a University of Notre Dame dormitory in London can appeal a federal judge's ambiguous order confirming the award, the First Circuit ruled Friday.

  • July 29, 2016

    Accusations Of Witness Threats By Atty Can't Stop Deposition

    A New York federal judge Thursday dismissed a letter accusing the defendant in a defamation suit between two former United Realty partners of threatening a witness by saying he hoped he had “good insurance,” ruling that a deposition would move forward as scheduled.

  • July 29, 2016

    Bryan Cave Atty Accused Of Stonewalling BofA Deposition

    A Bryan Cave LLP attorney representing Bank of America in a wrongful foreclosure suit should be sanctioned for instructing her witness not to answer deposition questions before walking out and leaving a transcript that’s “99 pages of obstruction,” the former homeowners’ lawyers told a California federal judge Thursday.

  • July 29, 2016

    4 Things Real Estate Associates Should Never Do

    Real estate associates play crucial roles in transactions, and although a lack of experience can cause junior associates to say things that might derail a deal, lawyers say keeping a few key tips in mind can go a long way in knowing what's fair game and what's not. Here, Law360 looks at four things real estate associates should never do.

  • July 29, 2016

    Public-Private Projects Cleared For Takeoff At Airports

    High-profile airport terminal redevelopments in New York, California and Colorado show that using public-private partnerships to finance such upgrades is increasingly popular, and experts anticipate seeing more P3 projects at air travel hubs. Here are a few of the projects to keep your eye on.

  • July 29, 2016

    DC Circ. Says New Tribe Has Land Rights For Casino

    A D.C. Circuit panel on Friday ruled that the U.S. Department of the Interior acted properly when it set aside 152 acres in Washington state for a newly recognized tribe, affirming a lower court ruling in favor of the DOI in the underlying dispute involving a nearby tribe and homeowners in the county where the new tribe resides.

  • July 29, 2016

    Ex-NJ Mayor Gets Probation Over Secret Development Deal

    A former New Jersey mayor was sentenced to four years of probation Friday for failing to disclose his financial relationship with a farmland developer whose project he helped advance through his capacity as a public official, Acting Attorney General Christopher S. Porrino said.

  • July 29, 2016

    Texas Multifamily Portfolio Nabs $119M In Financing

    A commercial real estate and multifamily investor closed on $119 million in financing for a portfolio of more than 2,400 multifamily units in the Dallas and Houston metropolitan areas on Thursday, according to Hunt Mortgage Group, which arranged the loans.

  • July 29, 2016

    Indian Appeals Board Backs Trust Land For Calif. Tribe

    The Interior Board of Indian Appeals has upheld the federal government’s decision to take land in San Diego County into trust for the La Posta Band of Mission Indians, shooting down arguments about jurisdiction and future plans for the site that nearby landowners had raised.

  • July 29, 2016

    3rd Circ. Right On Gas Lease Class Arbitration, Justices Hear

    Chesapeake Appalachia LLC is urging the U.S. Supreme Court not to disrupt a Third Circuit opinion that it was up to the courts — not an arbitrator — to determine whether the company's gas lease royalty fight with Scout Petroleum LLC can be arbitrated on a classwide basis.

  • July 29, 2016

    Property Owner Sanctioned In Insurance Fire Fight

    A Louisiana federal judge sanctioned a rental property owner on Thursday for his alleged failure to comply with discovery obligations, but refused to toss the suit brought by Century Surety Co., which is suing to rescind a policy after a fire at the owner’s property.

  • July 29, 2016

    Real Estate Rumors: Crest, Gaw Capital, Chen Foundation

    Crest Realties has reportedly scored $25 million in financing for its recent purchase of a New York residential building, while a Gaw Capital venture is said to have paid $60 million for a Chicago hotel, and the Chen Foundation is reportedly buying a New York office property for $50 million.

  • July 28, 2016

    Riverstone Brass Can’t Dodge Suit Over $94M Merger

    Claims of unfair dealing by directors of Texas-based property management company Riverstone National who passed up a major investment opportunity and then "obliterated" some challenge rights by approving a $94 million merger just ahead of a lawsuit survived a dismissal bid in Delaware Chancery Court on Thursday.

  • July 28, 2016

    Mass. Casino Opponents Come Up Winner In Trust Land Fight

    A Massachusetts federal judge ruled Thursday that the U.S. Department of the Interior was wrong to take land into trust for the Mashpee Wampanoag Tribe’s planned casino, saying the agency misinterpreted the Indian Reorganization Act in finding it had the authority to do so.

Expert Analysis

  • Prevent Litigation From Becoming A Threat To Data Security

    Dante Stella

    Recent headline-grabbing data security incidents have shed light both on direct and collateral impacts to companies and their employees. Attorneys should take steps to ensure that their role in the conduct of litigation does not in itself lead to similarly damaging disclosures of sensitive information, say Dante Stella and Sherrie Farrell of Dykema Gossett PLLC.

  • What To Know About NY's New Cooling Tower Regulations

    Jean H. McCreary

    As a response to a 2015 legionellosis outbreak in the Bronx, New York's recently finalized cooling tower regulations include broad definitions of what qualifies as a covered cooling tower and who may be deemed an owner, and additional requirements for hospitals and residential health care facilities, say Libby Ford and Jean McCreary at Nixon Peabody LLP.

  • 4 Cases Shaping Renewable Energy Projects

    Thomas C. Perry

    Based on decisions in four recent cases, it is clear that renewable energy projects sited on or across federally administered lands will be carefully reviewed by federal courts. From these rulings, key considerations emerge for developers, says Thomas Perry at Marten Law PLLC.

  • OPINION: Our Juries Are Being Circumvented

    Suja A. Thomas.jpg

    The Freddie Gray case and the U.S. Supreme Court ruling regarding former Virginia Governor Robert McDonnell demonstrate how the government replaces juries, eliminating an important community decision maker and a check on governmental power, says Professor Suja Thomas of the University of Illinois College of Law.

  • Legal Aid, Meet Legal Tech

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    Because there will never be enough free lawyers to satisfy demand from low-income Americans, we need to leverage technology to allow the legal expertise of one lawyer to reach hundreds or thousands of clients at once, say Jonathan Petts and Rohan Pavuluri, co-founders of startup nonprofit Upsolve.

  • Nixing A Class After Jury Verdict — It's Possible

    Neal Marder

    A Second Circuit decision in Mazzei v. The Money Store reiterates that class action defendants have the opportunity to successfully challenge class certification even after trial. The decision may embolden defense counsel and their clients to not be so quick to settle, say attorneys with Akin Gump Strauss Hauer & Feld LLP.

  • Testing The UBE: Portable But Inaccurate Bar Exam Scores

    Suzanne Darrow-Kleinhaus

    While there is not much that is new about the uniform bar exam’s components, what is new is that where you take the bar exam may make the difference between passing and failing. Half of the score depends on the strength of the applicant pool in the jurisdiction where the candidate wrote the exam, which may lead to “UBE shopping,” says Suzanne Darrow-Kleinhaus, director of bar programs at Touro Law Center.

  • No Such Thing As A Free House? NJ Court Says Otherwise

    Joy Harmon Sperling

    In Anim Investment Co. v. Shaloub the New Jersey Superior Court in Bergen County recently provided the defendants with a free house by barring the plaintiff from foreclosing on its mortgage loan, and also deprived the plaintiff of an alternative equitable remedy, say Rachel Packer and Joy Harmon Sperling at Day Pitney LLP.

  • Testing The UBE: Missouri Benefits From Uniform Bar Exam

    Jim Nowogrocki

    We in Missouri do not take lightly to new trends or frothy ideas. Yet, the uniform bar exam has allowed us to meet the challenges of an increasingly mobile legal profession and the changing needs of clients, and to ensure that a newly admitted attorney has the knowledge, character and fitness to practice in the Show-Me State, says Jim Nowogrocki, president of the Board of Law Examiners in Missouri — the first state to adopt the UBE.

  • Brexit: An Unexpected Boost For UK Commercial Real Estate

    Michael Speranza

    Brexit has presented increased opportunities for investment in the U.K. commercial real estate market and while there is some uncertainty regarding value, lenders are still making funds available for real estate acquisitions and development, says Michael Speranza at Katten Muchin Rosenman UK LLP.