Commercial
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January 02, 2023
Proptech Trends To Watch In 2023
Smarter property searches, rewards for rent payments and tokenized investing in real estate are among the innovations in property technology that industry experts say could take notable steps forward in 2023.
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January 02, 2023
Commercial Real Estate Cases To Watch In 2023
As elevated interest rates and the threat of an economic downturn weigh on the real estate market, attorneys have their eye on litigation stemming from commercial lease remedy provisions and a growing resignation that 2020-era disputes may not be reconcilable out of court. Here, Law360 looks at three commercial real estate-related disputes lawyers will be watching in 2022.
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January 02, 2023
Eminent Domain, New Policies In Texas Real Estate In 2023
Texas is poised for a transformative year in development with recently cleared eminent domain legal hurdles seeming to pave the way for big projects like a high-speed rail line, and a potentially contentious legislative session stacked with housing and property proposals on the horizon. Here, Law360 lays out what lawsuits, trends, regulations, and policies the real estate industry is eyeing in the coming year.
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January 02, 2023
Interest Rates Top Real Estate Pros' Federal Agenda For 2023
The real estate industry is closely tracking the Federal Reserve's handling of interest rates in the coming year amid lingering economic uncertainty, while also monitoring White House efforts to boost housing supply nationally. Here Law360 details those and other federal real estate policies to watch in 2023.
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January 02, 2023
Real Estate Issues Rank High On Fla. Policy Agenda In 2023
Florida entered 2022 with real estate soaring, but as the year wore on, the state found itself facing crises regarding property insurance and housing affordability while also grappling with the aftermath of one of the most damaging hurricanes to reach its shores. These issues and others are likely to command substantial attention from state and local leaders in 2023.
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January 02, 2023
Florida Cases To Watch In 2023
From cryptocurrency exchange FTX investor lawsuits against celebrity promoters to abortion restrictions, Florida courts are expected to tackle a number of thorny issues in 2023, including a measure that could help defendants wield the anti-SLAPP statute more effectively and a bellwether trial on Lyft's for its drivers' use of its app.
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January 02, 2023
Housing Battles Coming To California
Californians can expect another flurry of housing legislation in 2023 as legislators and Gov. Gavin Newsom seek to break sclerotic local approval processes, real estate and housing experts said.
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January 02, 2023
Energy Legislation And Regulation To Watch In 2023
Building more U.S. energy infrastructure is a front-and-center issue in 2023, though the new partisan split in Congress means the industry may have to settle for regulatory action instead of legislative action. Here's a list of policy moves energy attorneys will be watching closely this year.
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January 02, 2023
Hospitality Cases To Watch In 2023
Franchisee-driven data privacy litigation against hotels, a push for a U.S. Supreme Court review of a lawsuit over public accommodations' accessibility for the disabled and a closer eye on COVID-19 science in suits involving pandemic-related insurance coverage are some of the cases that will dominate the hospitality landscape in 2023.
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January 02, 2023
Native American Cases To Watch In 2023
All eyes are on the U.S. Supreme Court as it weighs a challenge to the Indian Child Welfare Act in a case that Indigenous-rights advocates say could threaten tribal sovereignty in many other areas, depending on the extent of the final ruling.
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January 02, 2023
Energy Litigation To Watch In 2023
While climate change will grab the energy litigation spotlight in 2023, looming decisions over the scope of Clean Water Act jurisdiction and federal and state power policies have major impications for the industry as well. Here's a list of cases that energy attorneys will be watching closely this year.
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January 02, 2023
Transportation Regulation & Legislation To Watch In 2023
Infrastructure project funding, electric vehicles, air travel regulations, and rail and ocean shipping reforms are some of the transportation industry's top regulatory priorities to watch in 2023.
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January 02, 2023
Texas Legislation To Watch In Early 2023
The Texas Legislature will hit the ground running in a new session in January, as the recently reelected Republican majority, led in part by Lt. Gov. Dan Patrick, presses forward with anticipated property tax cuts, guidelines for data security and potential reforms to the Lone Star State's electrical grid.
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January 02, 2023
Top Property Insurance Cases To Watch In 2023
A New Orleans restaurant's suit for coverage of its pandemic losses and a class action accusing State Farm of discriminating against Black homeowners are among the top suits property insurance practitioners will be watching in 2023.
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December 23, 2022
Gibson Dunn Aids Fontainebleau In $2.2B Vegas Casino Loan
Fontainebleau Development and Koch Real Estate Investments — represented by Gibson Dunn & Crutcher LLP — secured a $2.2 billion construction loan to finish building a 67-story hotel and casino that's slated to open on the Las Vegas Strip next year, according to a Friday announcement.
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December 23, 2022
IRS Clarifies Rule For Clean Commercial Building Deduction
An updated reference standard applies to property constructed after 2022 and placed in service after 2026 for the purposes of determining an energy-efficient commercial building property deduction, the Internal Revenue Service said Dec. 23.
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December 22, 2022
U.S. Arbitrator Gets DQ'd In Money Laundering Fight
An arbitration brought against the United States over forfeiture actions aimed at unraveling an alleged Ukrainian money laundering scheme remained suspended on Thursday after the Biden administration's appointed arbitrator, a former secretary of the U.S. Department of Homeland Security, was disqualified from the proceeding.
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December 22, 2022
Groups Sue To Stop Looming LA Transfer Tax Measure
Two nonprofits representing Los Angeles landlords and homeowners opposed to high tax rates filed a lawsuit Thursday to invalidate a pending measure passed in the November election that will tax real estate transactions worth over $5 million.
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December 22, 2022
Sen. Brown Intros Funding For Urban Cooling Measures
Sen. Sherrod Brown, D-Ohio, has introduced legislation aimed at relieving excess heat in cities across the U.S. via grants for heat mitigation efforts to local governments and nonprofit organizations, the lawmaker announced Thursday.
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December 22, 2022
Tribe Not Too Late To Recoup Fees In Bribe Case, Feds Say
Federal prosecutors are asking a Massachusetts judge to grant their late request for restitution to the Mashpee Wampanoag Tribe following the bribery conviction of its former chairman, despite missing a deadline to seek compensation for legal fees.
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December 22, 2022
9th Circ. Partially Revives Real Estate Co. Securities Suit
The Ninth Circuit partially reversed the dismissal of a proposed securities class action that accused real estate investment company Cardone Capital LLC of using misleading online advertisements to sell interests in the company's equity funds, ruling that an investor didn't have to be specifically advertised to in order to bring their claims.
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December 22, 2022
Sovereign Partners Sells NJ Office Building For $88M
Real estate investment firm Sovereign Partners LLC sold a Parsippany, New Jersey, five-story trophy office building to Signature Acquisitions for $88 million, sell-side broker JLL said Thursday.
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December 22, 2022
4 Firms Rep $536M Loan To Turn NYC Office Tower Into Apts.
Four law firms helped a trio of developers land a $535.8 million loan to buy and convert a 22-story office structure in New York City's financial district into an apartment building with 1,300 units, borrower-side broker Newmark Group said Thursday.
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December 22, 2022
Fla. Timeshare Wants Early Win In Exit Biz Dispute
Timeshare development company Bluegreen Vacation Unlimited Inc. asked a federal judge in Florida for an early win in its case alleging that Timeshare Freedom Group violated a law against unfair trade practices when it illegally referred timeshare owners as potential clients to law firms.
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December 22, 2022
NJ Developer Nabs $50M Loan For Hudson River Development
A joint venture with plans to build a mixed-use development along a contentious 14-acre Hudson River plot secured a $50 million predevelopment loan, according to a Thursday announcement from the lender, private equity firm Northwind Group.
Expert Analysis
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Untangling A Web Of State Regulations For Cannabis Lounges
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.
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Steps Companies Can Take To Mitigate Privilege Labeling Risk
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.
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Contract Diligence Is Key Amid EV Facility Construction Boom
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.
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What Litigation Funding Disclosure In Delaware May Look Like
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.
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Commercial Tenant Takeaways From Conn. COVID Ruling
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.
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What To Expect From CFPB's Entry Into Cryptocurrency Arena
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.
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How In-House Legal Leaders Can Drive Corporate Growth
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.
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Attorneys Should Tread Carefully On Job Counteroffers
Promises of more compensation to keep attorneys from leaving their jobs have become commonplace in today's hot job market, but lawyers should weigh their options carefully as accepting a counteroffer can negatively affect their reputation, says Leeron Molloy at VOYlegal.
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The Future Of Legal Ops: Time To Get Serious About Data
Most corporate legal departments collect surface-level data around their operations, such as costs and time to resolution, but legal leaders should explore more in-depth data gathering to assess how effective an attorney was, how efficiently legal work was performed, and more, says Andy Krebs at Intel.
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Insight Into California's Increasing Cannabis Litigation
California's cannabis industry is experiencing a swirl of challenges leading to a rise in cannabis-related litigation ranging from breach of contract claims to employment disputes — but companies can take several steps to avoid these growing pains, say Alexa Steinberg and Steven Stein at Greenberg Glusker.
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Ohio Tax Talk: Unpacking The New Property Tax Procedures
New procedures for challenging real property tax valuations in Ohio may reduce tax revenue for political subdivisions and school districts, but are also likely to help boost development in the state and streamline its real estate tax, say Yazan Ashrawi and Raghav Agnihotri at Frost Brown.
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ABA Isn't Giving Up On Diversity Efforts By Ending CLE Rule
While some view the American Bar Association’s elimination of continuing legal education diversity requirements as capitulating to a Florida Supreme Court decision against the mandate, it was a strategic decision to serve Florida members while improving diversity, equity and inclusion efforts in other ways, says Tiffani Lee at Holland & Knight.
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Lateral Candidate Screening Steps To Prevent Bad Behavior
Bullying and harassment are among the root causes of stress, anxiety and substance abuse in the legal profession, so law firms should take four actions to effectively screen lateral candidates and ensure they are not recruiting individuals who could jeopardize the well-being of their people, says Michael Ellenhorn at Decipher.