Real Estate

  • June 29, 2016

    3 Firms Steer Global Medical REIT's $130M IPO

    Global Medical REIT Inc. on Tuesday priced an initial public offering of more than 13 million shares for gross proceeds of $130.4 million in a deal guided by Vinson & Elkins LLP, with Winston & Strawn LLP representing the underwriters and Venable LLP advising the REIT on Maryland law matters.

  • June 29, 2016

    BancorpSouth Pays $10M To End 'Redlining' Row With Feds

    BancorpSouth Bank will pay more than $10 million to settle a "redlining" suit in Mississippi federal court alleging it used mortgage lending policies that unlawfully discriminated against blacks and other residents of predominantly minority communities, federal authorities said Wednesday.

  • June 29, 2016

    11th Circ. Affirms MBS Fraud Verdict Against Lender Exec

    The Eleventh Circuit on Wednesday shot down a former mortgage lender CEO’s appeal of a Florida jury’s finding that he committed fraud regarding the quality of loans used in mortgage-backed securities, resulting in a $2.7 million judgment against him, finding the jury had weighed enough evidence to support the verdict.

  • June 29, 2016

    NY Bars Use Of Malpractice Settlement In CMBS Row: Dexia

    Dexia Real Estate Capital Markets Inc. told a New York federal judge Wednesday that state law prohibits it from using a separate malpractice settlement to cover legal costs it is currently seeking in a contract dispute with U.S. Bank NA over commercial mortgage-backed securities.

  • June 29, 2016

    2 Real Estate Investors Admit Rigging Foreclosure Auctions

    Two real estate investors have pled guilty to charges that they participated in a scheme to rig public home foreclosure auctions in Georgia, adding to a series of similar admissions by investors in Atlanta-area property, the U.S. Department of Justice said Wednesday.

  • June 29, 2016

    Most Claims In Red River Land-Grab Suit Get Green Light

     A Texas federal judge ruled Wednesday that landowners can pursue arguments the federal government has unreasonably seized about 90,000 acres of private property along the Red River, although he did cut two of their eight claims.

  • June 29, 2016

    Real Estate Rumors: American Realty, Madison, Translation

    American Realty Advisors is reportedly paying roughly $305 million for Google's Midwest headquarters, Madison Realty Capital is said to have sold a Brooklyn rental building for $22.4 million and Translation LLC is said to have leased 35,000 square feet in Brooklyn.

  • June 29, 2016

    City Drops 7th Circ. Petition Over Lucas Museum

    The city of Chicago’s efforts to get the Seventh Circuit to dismiss a lawsuit over the construction  of “Star Wars” creator George Lucas’ art museum ended after the appellate court officially dismissed their petition Tuesday, a few days after Lucas said he was taking his project elsewhere.

  • June 29, 2016

    Newbury Ch. 11 Auction Nets $137M, Possible Exit For Case

    Bankruptcy auctions have produced a potential $137 million in cash or creditor claim offsets for Newbury Common Associates LLC’s hybrid Chapter 11, company officials said Wednesday in Delaware federal court, raising hopes that the often contentious Stamford, Connecticut, case will reach a nontraditional exit.

  • June 29, 2016

    JPMorgan, Lone Star Drop $995M On Real Estate Portfolio

    J.P. Morgan Securities Plc and private equity shop Lone Star Funds are buying the real estate portfolio of SNS Reaal from the Netherlands for €895 million ($994.7 million), according to an announcement from Netherlands state agency Netherlands Financial Investments on Tuesday.

  • June 29, 2016

    Texas Court Won't Revive $12M Akin Gump Tax Shelter Suit

    A Texas appellate court on Tuesday declined to revive a $12 million malpractice suit alleging Akin Gump Strauss Hauer & Feld LLP and accounting firm Grant Thornton LLP gave a real estate company bad advice after an audit of its tax shelters, finding the claims were time-barred. 

  • June 29, 2016

    Wyly Says SEC Seeks 'Leg Up' On His $250M In Annuities

    Billionaire tycoon Sam Wyly slammed the U.S. Securities and Exchange Commission's bid to go after nearly $250 million of his annuities, telling a Texas judge that the agency can't circumvent the bankruptcy process to satisfy part of a $299 million judgment against him and his late brother Charles.

  • June 29, 2016

    Scion, GIC, CPPIB Score $672M Fannie Mae Loan

    A joint venture of The Scion Group LLC, GIC and Canada Pension Plan Investment Board has scored $672 million in Fannie Mae financing for its purchase earlier this year of University Housing Communities Group Inc., according to an announcement on Wednesday from Walker & Dunlop Inc., which arranged the financing.

  • June 29, 2016

    GE Capital Wins Removal From SIFI List

    U.S. financial regulators on Wednesday said General Electric Co.’s finance arm was released from its designation as a systemically important financial institution, freeing it from enhanced oversight from the Federal Reserve and providing a roadmap for firms seeking to escape stricter regulation.

  • June 28, 2016

    Lender's Goofs No Defense To Mortgage Fraud, 9th Circ. Says

    The Ninth Circuit on Tuesday affirmed a Nevada federal court’s decision to convict an individual who ran a complex mortgage fraud scheme, ruling that a lender’s negligence in reviewing loan application information or intentional disregard of that information is not a defense for fraud.

  • June 28, 2016

    How To Become The Firm Every GC Wants To Hire

    Some law firms have perfected the art of pleasing general counsels, a skill that wins them the love of clients and allows them to score new cases and deals. Here, we look at a new report that delves into the intricacies of making clients happy.

  • June 28, 2016

    Emigrant Bank Violated Fair Housing, Human Rights Laws: Jury

    A New York federal jury on Monday held that Emigrant Savings Bank violated the Fair Housing Act and the New York City Human Rights Law after minority homeowners alleged they were targeted for high-cost loans that the bank knew they were likely to default on.

  • June 28, 2016

    Orlando MLS Team Closes On City Land At Stadium Site

    Major League Soccer's Orlando City Soccer Club has closed on a $22 million purchase of city-owned land that completes its ownership of the site of its new 25,500-seat stadium, which is currently under construction.

  • June 28, 2016

    The 24 Firms GCs Love The Most

    Some law firms have honed their ability to serve clients so well that their relationships with general counsels have entered a sort of utopian existence where they earn glowing recommendations from clients and consistently win work. Here, find out which 24 firms have reached a state of “clientopia,” according to a new report by BTI Consulting Group.

  • June 28, 2016

    New York REIT Investors Ready Proxy Fight To Halt JBG Deal

    A group of dissatisfied New York REIT Inc. investors on Monday revealed a slate of five independent board nominees and called for a proposed merger with JBG to be stopped, contending that the real estate investment trust’s current path will lead to the “permanent destruction” of shareholder value.

Expert Analysis

  • REBUTTAL: Lenders Won't Lose Mortgage Priority In NJ

    Matthew H. Lewis

    A recent Law360 guest article suggested that if the New Jersey Supreme Court upholds the lower court's decision in Rosenthal & Rosenthal v. Benun it could have a chilling effect on certain types of loans that provide for future advances — but such consequences are unlikely, says Matthew Lewis at Riker Danzig Scherer Hyland & Perretti LLP.

  • How To Manage Your Law School Debt After Graduation

    Andrew Josuweit-headshot.jpg

    Student loan debt can feel overwhelming to new lawyers, especially when just getting started post graduation. Andrew Josuweit, co-founder and CEO of Student Loan Hero Inc., reviews the loan repayment plans available and discusses the best path forward for recent grads shouldering law school debt.

  • Fate Of Municipal-Plaintiff FHA Suits In Justices' Hands

    Mark E. Rooney

    The U.S. Supreme Court's decision in City of Miami v. Bank of America and Wells Fargo could define the reach of mortgage discrimination lawsuits under the Fair Housing Act and will be a key case to watch in the 2016 term. The case also provides the court an opportunity to reconsider its prior line of FHA-standing cases, says Mark Rooney of BuckleySandler LLP.

  • Dodd-Frank Reform, Not Repeal

    Daniel F. C. Crowley

    The Financial Choice Act, recently proposed by the Republican chairman of the House Financial Services Committee, addresses specific provisions of the Dodd-Frank Act that are widely viewed as controversial, many of which have bipartisan support for reform, say attorneys with K&L Gates LLP.

  • The Cloud And Ethical Considerations For Lawyers

    Bradley S. Shear

    Despite regular news stories detailing the need to update our digital privacy laws and increase our cybersecurity protections, law firms and in-house legal departments should feel confident that utilizing cloud providers with strong privacy and security protections will not breach their ethical obligation to clients, says Bradley Shear of the Law Office of Bradley S. Shear LLC.

  • 5th Circ. Brings Consistency To Improper-Joinder Analysis

    Tyler J. McGuire

    In International Energy Ventures Management v. United Energy, the Fifth Circuit recently cleared up the confusion over improper-joinder analysis in Texas by unequivocally holding that the federal pleading standard applies, says Tyler McGuire at Zelle LLP.

  • 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.