A venture of High Street Real Estate Partners and private equity shop Eagle Four Real Estate Partners has picked up a 1,231-room hotel in downtown Denver from The Chartres Lodging Group LLC, according to an announcement on Tuesday from Holliday Fenoglio Fowler LP, which brokered the deal for the seller.
Law360 Real Estate REAL ESTATE

Wednesday, October 17, 2018 Follow Real Estate Law360

TOP NEWS

1,200-Room Sheraton Denver Downtown Hotel Trades Hands

A venture of High Street Real Estate Partners and private equity shop Eagle Four Real Estate Partners has picked up a 1,231-room hotel in downtown Denver from The Chartres Lodging Group LLC, according to an announcement on Tuesday from Holliday Fenoglio Fowler LP, which brokered the deal for the seller. Read full article »

Nomura Reaches $480M Deal Ending RMBS Probe

Nomura Holding America Inc. and its affiliates have agreed to pay $480 million to resolve the U.S. Department of Justice’s allegations that the bank misled investors about risks associated with more than $13 billion worth of loans packaged into residential mortgage-backed securities between 2006 and 2007, the DOJ said Tuesday. Read full article »

Real Estate Rumors: Madison Realty, Sard Verbinnen, CBS

Madison Realty Capital has reportedly loaned $36.1 million for a New York residential and retail project, Sard Verbinnen & Co. is said to be taking 65,000 square feet of space in New York, and CBS is reportedly selling its Los Angeles production studio and may get more than $700 million for the property. Read full article »

IN-DEPTH

Graphic

The Path To Becoming A Supreme Court Advocate

A look at the careers of attorneys who have dominated oral advocacy at the U.S. Supreme Court over the last decade shows a similar path for men and women, with a few key differences. Here’s how the top 10 male and female advocates stack up. (This article is part of a series examining the gender gap among high court advocates.) Read full article »

NORTHEAST

Royal Park Pushes For Sampling In Deutsche Bank RMBS Suit

Royal Park Investments SA/NV has taken aim at a New York federal magistrate judge’s recent decision denying its request to allow loan sampling-related discovery in its suit over Deutsche Bank National Trust Co.’s alleged blunders as trustee for 10 residential mortgage-backed securities trusts, arguing that this rejection should itself be rejected. Read full article »

NY High Court Says Deutsche RMBS Claims Still Untimely

New York state’s highest court on Tuesday upheld a trial judge’s dismissal of a Deutsche Bank trustee’s suit against Quicken Loans Inc. over the credit quality of securitized residential mortgage loans that held an initial balance of $33 million, agreeing with a lower appellate court that the breach of contract action was untimely. Read full article »

NJ Hospital, Jersey City Reach $4.9M Deal Over Property Tax

A New Jersey hospital has agreed to settle a dispute over its property tax exemption in exchange for paying Jersey City $4.9 million over an eight-year period. Read full article »

NJ Atty Must Face Malpractice Row Over Construction Dispute

A New Jersey state appeals court on Tuesday revived a legal malpractice action against a lawyer for allegedly mishandling a construction billing dispute that ultimately left a condominium owner on the hook for roughly $289,000, finding that a trial court improperly tossed the suit on the grounds that he did not have an attorney-client relationship with or owe a duty to the woman. Read full article »

MID-ATLANTIC

Chancery Asked To Boot Real Estate Co. Manager, Seize Docs

A company with an ownership stake in a real estate holding company that operates 12 residential housing communities filed a lawsuit Monday in Delaware Chancery Court claiming the manager of the complexes is refusing to comply with his removal and turn over company records. Read full article »

SOUTHWEST

San Jacinto River Authority Claims Immunity In Takings Row

Houston-area homeowners who allege that the San Jacinto River Authority’s actions that flooded their property in the wake of Hurricane Harvey were unconstitutional “takings” have not done enough to waive governmental immunity, the agency told a Texas appellate panel in oral arguments Tuesday. Read full article »

AT&T Looks To Nix Cable Contamination Suit

AT&T has asked a Texas federal judge to toss a suit brought by a group of landowners over contamination risk from decades-old abandoned telephone cables, saying there is no evidence the cables have damaged any of the properties in question. Read full article »

Burford Seeks Arbitration In Suit Over $50M Note's Sale

Litigation funder Burford Capital has asked an Arizona federal court to toss or pause allegations that it undermined a former client when it sold a promissory note for well below its $50 million face value, saying the case belongs in arbitration instead. Read full article »

WEST

Timeshare Condo Group Looks To Exit Marriott Vacations Row

A Ritz-Carlton Club condo timeshare group has asked a Colorado federal court to let it check out of a mass action claiming Marriott Vacations Worldwide Corp. caused the value of owners’ interests to plummet, asserting that the group didn’t breach its fiduciary duty when inking an affiliation deal with MVW. Read full article »

PEOPLE

Real Estate Lawyers On The Move

Fox Rothschild, Greenberg Traurig, Herrick Feinstein and Venable are among various law firms that have brought on board new real estate or construction lawyers over the past month. Read full article »

Mayer Brown Adds NY Tax Partner For Fund Practice

Mayer Brown LLP announced Monday that a tax attorney experienced in fund formation was joining the firm as a partner in its New York City office. Read full article »

EXPERT ANALYSIS

A Holistic Approach To Client Retention

In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc. Read full article »

Q&A

A Chat With Allens Pricing Chief Pier D'Angelo

In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens. Read full article »

LEGAL INDUSTRY

DC Investigations Lawyer To Be New White House Counsel

President Donald Trump has selected Pat A. Cipollone to replace Don McGahn as White House counsel, the president told reporters Tuesday, bringing in a well-known Washington litigator as his new top lawyer as the special counsel investigation of Russian interference in the 2016 presidential election continues unabated. Read full article »

Axinn Enters California With SF Office, Plans To Expand

Axinn Veltrop & Harkrider LLP announced Tuesday that it has launched a new office in San Francisco, bringing its antitrust and intellectual property capabilities to the West Coast and planning to lure talent to serve its major clients in the state. Read full article »

Berry Appleman Adds 9 Epstein Becker Immigration Attys

Berry Appleman & Leiden LLP has nabbed a 60-person immigration team from Epstein Becker Green, including nine attorneys, expanding the firm's footprint to New York City with the opening of a new Manhattan office on Monday. Read full article »

SEC Comes Up Short In Fraud Case Against RD Legal Capital

A U.S. Securities and Exchange Commission administrative law judge on Monday shot down much of the agency’s case alleging that fund manager RD Legal Capital LLC and its owner misled investors about their hedge funds’ legal receivables investments, ruling that while some misrepresentations had been made, they hadn’t been made with fraudulent intent. Read full article »

Justices Asked If Sanctions Can Cover Presuit Actions

A whistleblower has asked the U.S. Supreme Court to consider whether federal courts can impose sanctions for behavior that happened before a suit was filed, saying a Tenth Circuit decision upholding sanctions against him created a circuit split. Read full article »

JOBS
Search full listings or advertise your job opening
Law360 Pro Say Podcast

Listen to our new podcast here

COMPANIES

AT&T Inc.

American Bar Association

Associated Press

Burford Capital LLC

CBS Corporation

Dell Technologies Inc.

Deloitte Touche

Deutsche Bank AG

Federalist Society

Fidelity National Financial Inc.

Google Inc.

HFF, Inc.

HSBC Holdings PLC

IntApp Inc.

Los Angeles Times

Major Lindsey & Africa

Marriott International Inc.

Marriott Vacations Worldwide Corp.

McKesson Corp.

Medtronic

Medtronic PLC

Morgan Stanley

NFL Enterprises LLC

New York University

Quicken Loans Inc.

RD Legal Funding LLC

RWJ Barnabas Health Inc.

Ritz-Carlton Company LLC

Sard Verbinnen & Co.

Sheraton Hotels & Resorts

The Royal Bank of Scotland Group PLC

Twitter Inc.

Vornado Realty Trust

Wells Fargo & Co.

LAW FIRMS

Axinn

Berry Appleman

Boies Schiller

Bressler Amery

Cantey Hanger

Cozen O'Connor

DLA Piper

Eckert Seamans

Epstein Becker Green

Fox Rothschild

Girard Gibbs

Greenberg Traurig

Hall & Wilcox

Haynes and Boone

Herrick Feinstein

Hogan Lovells

Hughes Hubbard

Jones Day

Kirkland & Ellis

Law Snakard

Lewis Brisbois

Linklaters

Lowenstein Sandler

Mayer Brown

Morgan Lewis

Perkins Coie

Quinn Emanuel

Robbins Geller

Simpson Thacher

Stein Mitchell

Stinson Leonard

Venable LLP

Weil Gotshal

White & Case

Williams & Connolly

GOVERNMENT AGENCIES

Consumer Financial Protection Bureau

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Trade Commission

Internal Revenue Service

Securities and Exchange Commission

U.S. Attorney's Office

U.S. Department of Justice

U.S. House of Representatives

U.S. Supreme Court