Real Estate

  • March 08, 2024

    Colo. Panel OKs Tax Credits For Sales To Beginning Farmers

    Colorado would temporarily allow tax credits for certain transfers of agricultural land and equipment to assist beginning and socially disadvantaged farmers under a bill approved by a legislative panel.

  • March 08, 2024

    Taxation With Representation: Fried Frank, Latham

    In this week's Taxation with Representation, Viavi acquires Spirent, Cadence Design Systems purchases Beta Cae Systems International, and United Rentals buys Yak.

  • March 08, 2024

    Direct Pay Regs Would Lift Major Barrier For Energy Projects

    A U.S. Treasury Department proposal to give partnerships access to direct payments of tax credits for green energy projects would lift a significant barrier that has prevented tribes, municipalities, schools and nonprofits from capitalizing on joint ownership arrangements. 

  • March 07, 2024

    Ginnie Mae Says Texas Bank Can't Use Oral Promises In Suit

    The Government National Mortgage Association told a Texas federal court Wednesday that even if it made oral promises not to void a Texas Capital Bank's interest in a first-priority lien on a multimillion-dollar emergency loan, those promises don't hold up legally and the case should be dismissed.

  • March 07, 2024

    Tesla's $6M Solar Roof Deal OK'd After Objector Backs Down

    A California federal judge on Thursday approved Tesla's $6.08 million class action settlement and class counsel's $1.5 million fee request resolving allegations Tesla deceptively raised prices of its solar roof tile system after a class member dropped her sole objection mid-hearing upon learning she'll receive $17,000 under the settlement.

  • March 07, 2024

    Biden Touts Antitrust Stance As Move To Lower Housing Cost

    President Joe Biden in his State of the Union address praised his administration's position backing antitrust lawsuits against rental algorithm companies RealPage Inc. and Yardi, and he urged Congress to support his plan to build or renovate 2 million affordable units, establish a tax credit for first-time homebuyers and other steps aimed at lowering housing costs.

  • March 07, 2024

    11th Circ. Urged To Restore Qui Tam Over Small Biz Contracts

    The U.S. Department of Justice argued Thursday in support of reinstating a qui tam lawsuit against two companies that gained control of a small Florida construction business, telling the Eleventh Circuit that they were not qualified for a government program that awards contracts to firms owned by socially and economically disadvantaged individuals.

  • March 07, 2024

    Caliber Says Ex-Exec's Terms With Predecessor Still Apply

    Caliber Home Loans Inc. has urged a Dallas federal court to reject a former executive's bid to trim a lawsuit accusing him of raiding the company's workforce when he defected for a competitor, arguing that a contract breach claim still stands even though he worked for a predecessor when he signed the contract at issue. 

  • March 07, 2024

    Feds Look To Douse $48M Washington Ranch Wildfire Claim

    The federal government wants a Washington ranch's $48 million negligence suit alleging that the Bureau of Indian Affairs is liable for damages from a 2020 forest fire dismissed, saying that the plaintiff cannot argue that a smoldering pile of leaves and ash warrant jurisdiction under the Federal Tort Claims Act.

  • March 07, 2024

    Va. Senate Leaves Proposed NBA, NHL Arena Out Of Budget

    The plan to build a $2 billion sports and entertainment complex to house the Washington Wizards and Washington Capitals in the northern Virginia suburbs was derailed on Thursday, when it was left out of the upcoming budget approved by the state Senate's Finance and Appropriations Committee, leaving questions about if or when the project will be revived.

  • March 07, 2024

    5th Circ. Affirms Arbitration In Hurricane Coverage Feud

    The Fifth Circuit has ordered the owner of a New Orleans luxury apartment and retail complex to arbitrate a dispute with its domestic surplus lines insurers over coverage for $7 million in hurricane damage, ruling that arbitration is permitted under a carveout in conflicting Louisiana state law.

  • March 07, 2024

    Feds Designate 1.1M Acres Of Habitat For Imperiled Fla. Bat

    In a move conservation groups characterized as much welcomed and long delayed, the U.S. Fish and Wildlife Service has designated about 1.1 million acres in southern and central Florida as critical habitat for the endangered Florida bonneted bat.

  • March 07, 2024

    Caribbean Resort Developer Says Partner Undermined Project

    An Aspen, Colorado, developer of a Caribbean golf resort has accused one of his partners in Colorado state court of violating a non-compete provision by working on similar projects that were located too close to the luxury development.

  • March 07, 2024

    Feds Get 1st Plea In Massive NYC Housing Bribery Case

    A former public housing superintendent for the New York City Housing Authority on Thursday became the first of 70 workers charged in Manhattan federal court with bribery last month to plead guilty.

  • March 07, 2024

    Conn. AG Probing If NY Real Estate Co. Duped Homeowners

    New York real estate company EasyKnock Inc. is under investigation for allegedly deceiving homeowners seeking home equity loans into entering sale-leaseback arrangements and then jacking up those families' rent once the transaction is complete, Connecticut Attorney General William Tong announced Thursday.

  • March 07, 2024

    Mich. GOP Drops HQ Real Estate Fight Under New Leader

    The Michigan Republican Party has ended a lawsuit disputing ownership of its Lansing headquarters shortly after a new chair took the reins last week.   

  • March 07, 2024

    Whistleblower Wants Reward For Helping SEC In $18M Scam

    A whistleblower told the Eleventh Circuit on Thursday that he is entitled to a whistleblower reward under the Dodd-Frank Act because he provided the U.S. Securities and Exchange Commission with information the agency used to obtain $18 million in judgments against the perpetrators of an alleged Ponzi scheme.

  • March 07, 2024

    Fed Working To Beef Up Supervision 'Rulebook,' Powell Says

    Federal Reserve Chair Jerome Powell told senators Thursday that efforts are underway to strengthen bank supervision following last year's failures of Silicon Valley Bank and other regional lenders, including the development of a "new rulebook" for more robust examiner action.

  • March 07, 2024

    Honigman Hires New Real Estate Partner For Detroit Office

    Honigman LLP hired Corey Levin as a partner for its real estate practice in Detroit, gaining an attorney with experience in getting business and tax incentives for clients while working at accounting firm Ernst & Young.

  • March 07, 2024

    NJ Appeals Court Revives Sex Bias Suit Against Mortgage Co.

    A trial court jumped the gun when it threw out a former mortgage company employee's lawsuit alleging she was subjected to sexist comments and then forced to quit, a New Jersey state appeals court ruled, concluding she had not waited too long to file her suit.

  • March 07, 2024

    Brothers Add $3B In Punitive Damages To $7B Real Estate Win

    A Los Angeles jury on Thursday hit a real estate tycoon with $3 billion in punitive damages after finding that he froze his brothers out of their lucrative partnership, bringing the estimated value of the total verdict to roughly $10 billion, according to attorneys. 

  • March 07, 2024

    Minn. Tax Court Rejects Appeal Of Parking Lot's Classification

    A Minnesota parking lot was correctly classified as commercial property by a local assessor, the state's tax court said, rejecting the owner's argument that it should be mostly classified as multifamily housing because of development plans for the site.

  • March 07, 2024

    Paul Hastings Lands NY Real Estate Pro From McDermott

    Paul Hastings LLP announced Thursday that it has hired a leader in complex real estate transactions as a partner in New York.

  • March 06, 2024

    Mistrial Bid Fails After $7B Sibling Rivalry Real Estate Verdict

    A California judge denied a motion for a mistrial Wednesday from a man who a jury found wrongly froze his brothers out of their multibillion-dollar real estate empire, finding the court did not err in limiting the defense's closing arguments for violating a discovery order.

  • March 06, 2024

    Federal Lawmakers Want To Protect 172 Acres For Calif. Tribe

    Legislation introduced by two U.S. senators would place 172 acres into trust for a California tribe in an effort to bring its members back to its reservation where they can develop a permanent home.

Expert Analysis

  • 5 Quick Takeaways From Feds' New Bank Capital Proposals

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    The federal banking agencies' recent proposed rulemaking on capital requirements is the culmination of a holistic review of U.S. capital standards initiated by the Federal Reserve, and at over 1,000 pages, the proposal will take some time to fully digest, but there are a few items that can be immediately highlighted, say attorneys at Simpson Thacher.

  • How To Recognize And Recover From Lawyer Loneliness

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    Law can be one of the loneliest professions, but there are practical steps that attorneys and their managers can take to help themselves and their peers improve their emotional health, strengthen their social bonds and protect their performance, says psychologist and attorney Traci Cipriano.

  • Why All Eyes Are On Florida's Affordable Housing Reform

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    Florida's Live Local Act, which took effect last month, promotes much-needed affordable housing developments with a mix of zoning preemption provisions and tax benefits that may attract interest from developers across the nation, say attorneys at Nelson Mullins.

  • A Smoother Process For CRE Receiverships In Conn.

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    A newly effective Connecticut law concerning distressed commercial real estate provides a number of opportunities and strategic considerations for creditors, and should be watched even by counsel in other states as adoption of the law could become more widespread, say John Loughnane and Steven Coury at White and Williams.

  • Opinion

    Litigation Funding Disclosure Should Be Mandatory

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    Despite the Appellate Rules Committee's recent deferral of the issue of requiring third-party litigation funding disclosure, such a mandate is necessary to ensure the even-handed administration of justice across all cases, says David Levitt at Hinshaw.

  • Recalling USWNT's Legal PR Playbook Amid World Cup Bid

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    As the U.S. Women's National Soccer Team strives to take home another World Cup trophy, their 2022 pay equity settlement with the U.S. Soccer Federation serves as a good reminder that winning in the court of public opinion can be more powerful than a victory inside the courtroom, says Hector Valle at Vianovo.

  • What Came Of Texas Legislature's Long-Promised Tax Relief

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    Following promises of historic tax relief made possible by a record budget surplus, the Texas legislative session as a whole was one in which taxpayers that are large businesses could have done somewhat better, but the new legislation is clearly still a positive, say attorneys at Baker Botts.

  • CRE Guidance Helps Lenders Work With Struggling Borrowers

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    In recognition of growing troubles with commercial real estate loans, four federal regulators' recently updated loan accommodations guidance provides a helpful framework for approaching loan workouts without the punitive results of adverse classifications, say Jaclyn Grodin and Muryum Khalid at Goulston & Storrs.

  • Looking Behind The Curtain Of Residential Transition Loans

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    As residential transition loans and securitizations of such loans grow increasingly popular, real estate stakeholders should take care to understand both the unique features and potential challenges offered by this novel asset class, say attorneys at Mayer Brown.

  • Contract Disputes Recap: Timeliness, Evidence, Fact-Finding

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    Edward Arnold and Bret Marfut at Seyfarth Shaw look at three recent opinions from three stages of government contract claims litigation about avoiding untimeliness by ticking procedural boxes, supporting factual positions at the summary judgment stage and how the appellate boards review default terminations.

  • When Investment Banks Can Sell Real Estate In Calif.

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    When investment banks sell businesses that own property in California, they may run into trouble if they are not licensed real estate brokers, unless the property is merely incidental to the deal at hand, say attorneys at Holland & Knight.

  • Hedging Variable Interest Rates In A Volatile Market

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    Variable rate loans, which were an advantageous borrowing method prior to the recent Federal Reserve rate hikes and subsequent volatility, are now the difference between borrowers remaining current on their obligations and defaulting due to the sharply increasing debt service requirements of their loans, say attorneys at Cassin & Cassin.

  • Parsing FTC's Intercontinental-Black Knight Merger Challenge

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    The Federal Trade Commission's recent Article III case challenging a merger between Intercontinental Exchange and Black Knight suggests the agency is using a structuralist approach to evaluate the merger's potential anti-competitive harm, says David Evans at Kelley Drye.

  • Perspectives

    Mallory Gives Plaintiffs A Better Shot At Justice

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    Critics of the U.S. Supreme Court's recent decision in Mallory v. Norfolk Southern claim it opens the door to litigation tourism, but the ruling simply gives plaintiffs more options — enabling them to seek justice against major corporations in the best possible court, say Rayna Kessler and Ethan Seidenberg at Robins Kaplan.

  • CRA Plays Role In DOJ Fight Against Redlining

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    The U.S. Department of Justice’s recent consent order with ESSA Bank & Trust is a reminder that although the Community Reinvestment Act lacks a civil enforcement provision, financial institutions' CRA compliance efforts may have ramifications under various anti-discrimination statutes, say Collin Grier and Levi Swank at Goodwin.

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