Commercial

  • December 16, 2022

    Real Estate Rumors: Vigilant, ABS Partners, DR Horton

    A Vigilant Real Estate Holdings venture has reportedly paid roughly $41 million for an industrial property in California, ABS Partners Real Estate is said to have leased out 7,150 square feet in New York, and D.R. Horton is reportedly planning to build roughly 1,000 residential units in Ohio.

  • December 16, 2022

    Calif. Judge Correctly Nixed Tribal Remains Suit, 9th Circ. Told

    The U.S. government says a California federal judge acted properly in dismissing with prejudice a lawsuit over the alleged disinterment of Jamul Indian Village ancestors, telling the Ninth Circuit that tribal descendants presented a number of confusing and legally flawed allegations.

  • December 16, 2022

    EB-5 Developers' Botched Development Deepens Legal Woes

    A group of Chinese investors filed suit against a handful of entities and individuals that solicited funds for a Hawaii hotel that qualified the foreign investors for EB-5 visas, telling an Illinois federal court that the $13.2 million they invested is missing.

  • December 16, 2022

    JLL Works On $84.7M California Shopping Center Deal

    JLL Capital Markets said it has helped close an $84.7 million refinancing deal for Janss Marketplace, a grocery store-anchored retail center in Thousand Oaks, California.

  • December 16, 2022

    Iowa High Court Backs Valuation Of Nationwide Buildings

    The Iowa Supreme Court vacated a decision by the state appeals court to lower the valuation of two Nationwide buildings, agreeing that a local tax board's experts gave credible evidence to defend the original valuation.

  • December 16, 2022

    Jury Awards Georgia Attorney $1.15M In Client Fee Dispute

    A Georgia jury said Friday that an airport travel spa operator must pay an Atlanta-area attorney $1.15 million for nearly 2,000 hours of work he performed without pay from April 2015 to May 2020.

  • December 16, 2022

    NYSE Suspends Trading In, Plans To Delist Pennsylvania REIT

    The New York Stock Exchange has suspended trading in Pennsylvania Real Estate Investment Trust and plans to delist the firm, following the company's failure to meet a minimum average market capitalization requirement, the exchange announced late Thursday.

  • December 16, 2022

    Chinese Investor Can't Halt Arbitration In $3M Fraud Dispute

    A California federal judge denied a Chinese investor's request to stop arbitration proceedings relating to his claims that he was the victim of a $3 million tax scheme, saying there are still questions about whether he participated willingly in a contract he claimed was fraudulent.

  • December 16, 2022

    Looming Recession Shaped 2022 New York Legal Market

    High-value, high-end transactional work slowed considerably in 2022 for New York law firms amid fear of an impending recession. But despite the M&A slowdown, demand for lawyers remained high in multiple practices, and overall, 2022 is shaping up to be another great year for the books, recruiters and attorneys told Law360 Pulse.

  • December 16, 2022

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Italian motorsport team Prema Racing speed into a claim against the Bank of Scotland, a team of Swiss attorneys begin legal action against a Russian refinery and Sberbank, and Jones Day sued by a professional investor over surveillance carried out by German payments company Wirecard. Law360 looks at these and other new claims in the U.K.

  • January 02, 2023

    The Biggest Office Projects Of 2022

    While developers have been in full gear when it comes to starting new residential projects, the office sector remains a major question mark amid the COVID-19 pandemic, which is reflected in the smaller-scale office towers that have recently broken ground. Here, Law360 looks at the three tallest office tower starts in 2022.

  • December 16, 2022

    Surveys, Awards & More: Law360's 2023 Editorial Calendar

    Law360 publishes several award series throughout the year, including ones that highlight top-performing attorneys and practice groups. Here, find all you need to know about our awards and surveys, including due dates, FAQs, and the questions we'll ask so you can prepare ahead of time.

  • December 15, 2022

    Fla. Timeshare Co. Says Exit Biz 'Weaponized' Sanction Order

    Bluegreen Vacations Unlimited on Thursday accused a Timeshare Freedom Group attorney of weaponizing a sanctions order from a Florida federal court to not hand over a video that allegedly shows him admitting to clients that his services are a scam.

  • December 15, 2022

    Suit Claims American Tower Quit $800M Latin America Entry

    Terra Tower Corp. and its affiliates have accused American Tower International Inc. of backing out of an $800 million deal to enter the Latin American telecom infrastructure market by purchasing a Guatemala-based firm and agreeing to build nearly 1,000 towers across the continent.

  • December 15, 2022

    New Details Emerge For Proposed East Bronx Rezoning In NY

    New York City planning staff are aiming to revamp zoning in the East Bronx to allow for higher residential density and retail space, according to new details unveiled during a meeting Thursday.

  • December 15, 2022

    Real Estate Investment Co. Nabs $202M For Lab Redesign

    Longfellow Real Estate Partners hammered out an arrangement for $202 million in financing to back the redevelopment of a lab and biotechnology facility in San Diego with the help of JLL Capital Markets, the borrower-side broker announced on Thursday.

  • December 15, 2022

    Union Station Fights Bank's Early Win Bid In Foreclosure Suit

    An affiliate of investment firm Ashkenazy Acquisition Corp. asked a New York federal judge to deny a South Korean bank's request for an early win in a $141 million foreclosure suit over stakes in Washington, D.C.'s Union Station, alleging it is premature since discovery has not been completed.

  • December 15, 2022

    NYC Locals Sue To Block 'Spiritless' $221M Wagner Park Plan

    Lower Manhattan residents sued the Battery Park City Authority Wednesday in New York state court, seeking to block a $221 million climate resiliency project that they say will reduce lawn space and needlessly turn "this Picassoesque green oasis into a spiritless concrete-laden amphitheater."

  • December 15, 2022

    Judge Says Panthers-Tied Developer At Ch. 11 'Finish Line'

    A Delaware bankruptcy judge on Thursday told the developer of a failed Carolina Panthers practice facility that it needed to clarify claims release language in its Chapter 11 plan, but that otherwise she was prepared to let the plan go forward.

  • December 15, 2022

    Real Estate Rumors: WorkFusion, Sonny Astani, Vivvi

    WorkFusion is said to be leasing roughly 13,000 square feet in New York City, Sonny Astani reportedly hopes to get $32.5 million with the sale of a Malibu mansion and Vivvi is said to be leasing around 6,900 square feet in Manhattan.

  • December 15, 2022

    Hotel Tech Startup Mews Gets $185M In New Funding Round

    Mews, a European tech startup focused on automating operations for hotels, said Thursday that it has closed a new funding round at $185 million, bringing its total amount raised so far to $225 million.

  • December 15, 2022

    Astros Face ADA Suit Over Seating, Service Dog Policy

    Two Houston residents filed suit against the Astros baseball team and related entities in Texas federal court, claiming their attempt to attend a June game was plagued by violations of the Americans With Disabilities Act from start to finish.

  • December 15, 2022

    Ga. Airport Spa Leader Says Ex-Atty's Work Isn't Worth $1M

    An airport travel spa executive told a Georgia jury on Thursday that an Atlanta-area attorney suing the spa for nearly $1 million in legal fees upped his hourly rate without telling her and that his services weren't worth the increased expense.

  • December 15, 2022

    Stolen Electricity, Fire Cited In Suit Against Landlord

    A California landlord's negligence likely led to a fire that destroyed a Chinese immigrant's business by ignoring the tenant's complaints of electricity being hot-wired from her business and allowing an illegal cannabis grow to continue upstairs, a lawsuit in state court contends.

  • December 14, 2022

    Insurers Say NOLA Property Owner Can't Dodge Arbitration

    A group of insurers urged a Louisiana federal judge to reject a New Orleans property owner's request to compel discovery in a dispute over hurricane damage coverage, arguing that discovery isn't allowed under the court's streamlined settlement program for hurricane damage claims and the insurance policy's arbitration clause.

Expert Analysis

  • Lessons From Lawyer Fee-Sharing Agreements Gone Wrong

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    The recent fee-sharing dispute between Edelson and Girardi Keese is a reminder that lawyers who do not strictly follow the applicable rules may risk a disciplinary complaint, lose their share of the fee, or wind up in costly litigation with co-counsel, says David Grossbaum at Hinshaw.

  • LeClairRyan Bankruptcy Highlights Pass-Through Tax Issue

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    A Virginia bankruptcy court's recent ruling in the case of defunct law firm LeClairRyan shows there may be serious tax consequences for pass-through entity partners who give up their ownership interest without following operating agreement exit provisions and updating bankruptcy court filings, say Edward Schnitzer and Hannah Travaglini at Montgomery McCracken.

  • 9th Circ. Ruling Offers Guidance On Automatic Stay Violations

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    The Ninth Circuit Bankruptcy Appellate Panel’s opinion in Censo v. Newrez clarifies the nebulous standard for automatic stay violations, and provides useful guidance for practitioners to consider in determining whether a creditor's defensive action taken in pending litigation counts as a violation, say Keith Owens and Zach Williams at Fox Rothschild.

  • 8 Steps To Creating A Legal Ops Technology Road Map

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    Legal departments struggling to find and implement the right technologies for their operations should consider creating a road map that summarizes their approach to technology changes, provides clearly defined metrics for success, and serves as the single source of truth for stakeholders, says Melanie Shafer at SimpleLegal.

  • The Importance Of Data And Data Analysis In Litigation

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    Understanding, analyzing and effectively presenting large data sets is an increasingly important skill in litigation as it allows plaintiffs to dramatically scale up the scope of cases and is often critical to defeating motions to dismiss and motions for summary judgment, says David Burnett at Motley Rice.

  • Performance Bonds May Not Cover All Contract Obligations

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    Supply chain constraints and higher material prices in the construction industry are leading many project owners to require payment and performance bonds from contractors, but owners should keep in mind certain legal and practical considerations that may allow sureties to escape liability, says Daniel Miktus at Akerman.

  • Untangling A Web Of State Regulations For Cannabis Lounges

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    Though a number of states have legalized adult-use marijuana, progress toward widespread licensing of cannabis consumption lounges has been slow due to high operational costs and regulatory complexities that vary greatly from state to state, say Meital Manzuri and Alexis Lazzeri at Manzuri Law.

  • Steps Companies Can Take To Mitigate Privilege Labeling Risk

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    Although Google prevailed on a recent privilege labeling sanctions motion, an important takeaway from the decision is that companies should assess their in-house procedures and employee training programs regarding privileged communications to mitigate risks of the potential appearance of bad faith privilege claims, say Gareth Evans at Redgrave and e-discovery attorney James Hertsch.

  • Contract Diligence Is Key Amid EV Facility Construction Boom

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    As demand for new electric vehicle manufacturing facilities rises, manufacturers must recognize that such construction projects are uniquely complex undertakings with potentially mammoth financial risks, and draft contracts accordingly, says Chris Caputo at Baker Donelson.

  • What Litigation Funding Disclosure In Delaware May Look Like

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    A standing order issued by Delaware's chief federal judge requiring litigants to disclose whether their cases or defenses are being financed by third parties is unlikely to have onerous effects but may raise questions regarding potential conflicts of interest and access to justice, say Cayse Llorens and Matthew Oxman at LexShares.

  • Commercial Tenant Takeaways From Conn. COVID Ruling

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    The Connecticut Supreme Court's recent decision in AGW Sono Partners v. Downtown Soho, finding that COVID-19 health emergency orders did not excuse a tenant from its lease obligations, highlights long-standing obstacles for commercial tenants who may be hoping for COVID-19 rent abatement relief, says Noble Allen at Hinckley Allen.

  • What To Expect From CFPB's Entry Into Cryptocurrency Arena

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    As consumer cryptocurrency offerings become more prevalent, it's important to consider how the Consumer Financial Protection Bureau might regulate this area, including what kind of services it will focus on and what kind of authority it could draw on when pursuing enforcement actions, say attorneys at Goodwin.

  • How In-House Legal Leaders Can Drive Corporate Growth

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    Today, more executives are seeking legal leaders who are strategic, adaptable thinkers, making it essential that in-house counsel get out of their comfort zone of legal advice and take several steps to contribute toward revenue growth and raise their profile, says Tim Parilla at LinkSquares.