Real Estate

  • December 9, 2016

    Chancery Taps Grant & Eisenhofer To Lead Rouse Appraisal

    A Delaware Chancery judge on Friday picked Grant & Eisenhofer PA as lead counsel in the judicial appraisal of the $2.8 billion buyout of Rouse Properties Inc., rejecting a proposal from Ashby & Geddes PA's client to run a parallel case that he said "smacks of free riding."

  • December 9, 2016

    Companies Fight EPA’s Superfund Listing In DC Circ.

    Three companies petitioned the D.C. Circuit this week to review the U.S. Environmental Protection Agency’s placement of sites in Indiana and Colorado on the Superfund list of contaminated places.

  • December 9, 2016

    SF Mayor Vetoes Tighter Short-Term Home Rental Restrictions

    San Francisco Mayor Ed Lee vetoed a bill Thursday that would have reduced the amount of time residents can offer their homes for short-term rental, heading off another legal clash between the city and Airbnb Inc.

  • December 9, 2016

    Taxation With Representation: Davis, Wilson, Freshfields

    In this week’s Taxation With Representation, Verizon sold off $3.6 billion worth of properties around the country, web services provider GoDaddy agreed to buy its European counterpart for $1.81 billion, and Consolidated Communications Holdings made a successful $1.5 billion play for a fellow business and broadband communications provider.

  • December 9, 2016

    Man Convicted In $50M Scheme Asks 11th Circ. To Reverse

    A man convicted of leading a $50 million mortgage fraud scheme that used straw buyers to buy vacant lots in a North Carolina development asked the Eleventh Circuit on Friday for a new trial, arguing that the trial court erred in excusing him from a critical stage of the trial.

  • December 9, 2016

    Maui Marriott Resort Reaches Finish Line Of $100M Facelift

    A $100 million renovation project at a Marriott property in Maui, Hawaii, has wrapped up, and the hotel, the Wailea Beach Resort, is set to reopen later this month, according to an announcement Thursday from the hotel’s general manager.

  • December 9, 2016

    Minn. Judge Stiff-Arms Stinson From Role In ResCap MDL

    Minnesota’s chief federal justice blocked Stinson Leonard Street LLP on Thursday from joining the legal team of bankrupt mortgage company Impac Funding Corp., saying the firm's involvement would trigger another conflict-of-interest judicial recusal and setback for a multidistrict shoddy-loan case.

  • December 9, 2016

    Axis Gets Win In University Construction Coverage Suit

    A New York federal judge ruled Thursday that Axis Insurance Co. need not cover an architecture firm for problems and delays that plagued a $40 million University of Pittsburgh construction project, ending a saga in which Axis had been the last potential coverage provider standing.

  • December 9, 2016

    Ex-Cantor Fitzgerald Trader Charged With Securities Fraud

    An ex-Cantor Fitzgerald trader is facing six counts of securities fraud for allegedly charging customers inflated prices for residential mortgage-backed securities bonds and fraudulently deflating sale prices to reap extra profits, federal prosecutors announced Friday.

  • December 9, 2016

    Real Estate Rumors: Thor Equities, JBL, Ares Management

    Thor Equities is said to have bought a California medical office building leased to Kaiser Permanente for $67 million, JBL Asset Manager has reportedly bought a Florida site that includes retail and a car rental site for $23 million, and Ares Management is said to have sold a New York rental portfolio for $133 million.

  • December 9, 2016

    Squire Patton Boggs, Shearman Lead $85M Loan For NY Hotel

    The recent buyer of a New York Hilton hotel received $85 million in financing from Wing Lung Bank Ltd., a matter Squire Patton Boggs LLP worked on for the bank and Shearman & Sterling LLP guided for the borrower, according to records made public in New York on Friday.

  • December 9, 2016

    Morguard REIT Reaches $133M Notes Deal

    Morguard Real Estate Investment Trust has reached an agreement with a series of underwriters to sell CA$175 million ($132.9 million) in five-year notes and plans to use proceeds to pay off existing debt, according to an announcement on Thursday from the Mississauga, Ontario-based REIT.

  • December 9, 2016

    Real Estate MVP: Simpson's Gregory Ressa

    Simpson Thacher & Bartlett LLP has had a long-standing relationship with The Blackstone Group, and as the firm continues to pour billions of dollars into U.S. real estate, it repeatedly calls upon Simpson’s Gregory J. Ressa, one of Law360’s 2016 Real Estate MVPs, for help.

  • December 8, 2016

    Miami To Enter Talks With Developer For City's Offices

    Miami commissioners Thursday authorized the city administration to negotiate with a private developer for the lease or sale of its administrative offices along the Miami River and construction of a replacement facility, but debated at length the need to hire outside counsel.

  • December 8, 2016

    Chinese Billionaire Denied Separate Trial In UN Bribe Case

    A Manhattan federal judge refused on Thursday to split the government's allegations of bribery at the United Nations into two cases, denying Chinese real estate billionaire Ng Lap Seng's request for a separate trial from the one against his alleged accomplice Jeff C. Yin.

  • December 8, 2016

    Federal Capital Sells $328M Multifamily Portfolio Near DC

    Privately held real estate investment company Federal Capital Partners said Thursday it has completed a $328 million sale of five multifamily apartment complexes totaling 2,490 units in the Maryland suburbs of Washington, D.C.

  • December 8, 2016

    Pa. Appeals Court Won't Revive $370M Philly Hotel Spat

    The Pennsylvania Superior Court on Wednesday affirmed a ruling that a lawsuit accusing a Philadelphia developer of squeezing his partners out of a $370 million deal to build an upscale hotel on a vacant parcel of Center City land came too late.

  • December 8, 2016

    Pryor Cashman Malpractice Claim Revived By Appeals Court

    A New York appeals court has resurrected a malpractice claim from a $37 million suit against Pryor Cashman LLP over a soured deal to acquire a bank by a holding company once tied to real estate investor David Lichtenstein, saying the dismissal shields the firm from alleged wrongdoing.

  • December 8, 2016

    NHL HQ Heads To Brookfield Tower On Manhattan's West Side

    The National Hockey League has inked a long-term lease agreement to house its headquarters in a new 67-story tower being built on Manhattan’s far west side, the developer Brookfield Property Partners LP said Wednesday.

  • December 8, 2016

    TC Latin America Partners Snags $268M For RE Project Fund

    TC Latin America Partners has closed its second real estate-focused fund after raising $268 million from investors, the private investment firm said Thursday, with plans to invest in the development of residential, commercial and industrial real estate projects in Latin America.

Expert Analysis

  • The Horrible Conflict Between Biology And Women Attorneys

    Anusia Gillespie

    Women leave law firms for many of the same reasons men do, but also face challenges including headwinds with respect to assignment delegation and social outings, as well as potential disruptions if they choose to have children. Firms can increase investment in talent management and improve retention and engagement of women attorneys, says Anusia Gillespie of Banava Consulting.

  • Lawyer EQ: Finding Success In Every Interaction

    Judith Gordon

    American legal education relies almost exclusively on analytical thinking. But success in legal practice depends in large part upon an accurate emotional understanding of oneself and the human seated opposite us. Honing emotional intelligence skills can lead to greater success, and Judith Gordon of LeaderEsQ offers a few tools that can be implemented immediately to raise one’s emotional intelligence quotient.

  • Understanding Ohio's Downtown Redevelopment Districts

    Scott Ziance

    The Ohio state legislature recently established the procedure for designating downtown redevelopment districts and innovation districts in the state. These powerful new tools can also be combined with existing economic development incentives, but the key to their successful implementation is determining when to use the correct incentives mix in the given circumstances, say Scott Ziance and Chris Clements of Vorys Seymour Sater and Pease LLP.

  • Managing Intergenerational Differences Within Your Law Firm

    Najmeh Mahmoudjafari

    We are privileged to be part of an employment market that hosts employees from various generations. While “differences” may imply inherent conflict, intergenerational differences can actually be used to an advantage for organizations — especially law firms, say Najmeh Mahmoudjafari, founder of ImmigraTrust Law, and William Martucci of Shook Hardy & Bacon LLP.

  • PHH And The Future Of CFPB: 10 Questions And 9 Answers

    Joseph R. Palmore

    Following the D.C. Circuit’s recent decision in PHH v. Consumer Financial Protection Bureau and the outcome of the presidential election, many questions about how the PHH litigation may proceed and the future of the CFPB have emerged. Attorneys with Morrison & Foerster LLP share their views on a number of questions arising from this litigation.

  • Practice Arguments For Real Appeals

    Gerald Cope

    Oral argument time is short, so advocates must prepare well in order to make the most of it. Here, Gerald Cope Jr., co-chairman of of Akerman LLP's appellate practice and former chief judge of Florida's Third District Court of Appeal, shares recommendations for an effective moot court.

  • Philip Hirschkop: Quietly Making Noise For 50 Years

    Randy Maniloff

    The first paragraph of Philip Hirschkop’s obituary is going to contain the word "Loving." That’s undeniable. But many of Hirschkop’s other cases are just as groundbreaking in their own right. They aren’t household names like Loving, but they have affected millions in the nation’s households, says Randy Maniloff of White and Williams LLP.

  • From Horseless Carriages To Driverless Carriages

    John J. Slater III

    Although the idea of fully autonomous vehicles may seem like a science-fiction writer's creation, they are fast becoming a reality. The advent of driverless cars will have significant effects on commercial real estate, says John Slater III of Sherin and Lodgen LLP.

  • Key Changes In EPA's Waste Generator Improvements Rule

    Kenneth M. Kastner

    The U.S. Environmental Protection Agency is making an attempt to modify its hazardous waste generator rules for the first time in 35 years. These rules generally facilitate compliance with requirements, but include one aspect that might cause controversy, says Kenneth Kastner of Hogan Lovells US LLP.

  • The Ethical Risks Of A Multijurisdictional Practice

    Melinda Gentile

    As law firms and clients conduct more business on a regional or national scale, multijurisdictional practice is becoming more prevalent for practicing attorneys. Attorneys engaged in both private practice and as in-house counsel need to be aware of the ethical risks of practicing across jurisdictions — including the implications of engaging in the unauthorized practice of law, say Melinda Gentile and Monique Cardenas of Peckar & Abramson PC.