Commercial

  • February 17, 2023

    Life Storage Rejects Public Storage's Unsolicited $11B Bid

    Life Storage's board of directors unanimously has turned down Public Storage's unsolicited $11 billion purchase offer, saying the bid "significantly undervalues" the company and opening the door for a potential hostile takeover situation.

  • February 17, 2023

    Manatt Adds Land Use Pro From Allen Matkins In LA

    Manatt Phelps & Phillips LLP is expanding its environmental and real estate team by adding an Allen Matkins Leck Gamble Mallory & Natsis LLP land use expert as a partner in its Los Angeles office.

  • February 16, 2023

    NY Firm Says Other Attys To Blame For $30M Botched Loan

    Meister Seelig & Fein LLP alleged any blame for a $30 million loan gone wrong lies with Holland & Knight LLP, Seyfarth Shaw LLP and a handful of Israeli attorneys, as it sought to redirect an Israeli CEO's legal malpractice claims in New York federal court.

  • February 16, 2023

    Woman Seeks To Keep Ga. Hotel Sex Trafficking Suit Alive

    A woman suing a Ramada hotel franchise alleging it turned a blind eye to her being trafficked for sex as a minor on the property for almost two years told a Georgia federal court Thursday that a recent bid to get the lawsuit tossed out is riddled with inaccuracies and should be denied.

  • February 16, 2023

    Ex-Employee Says JLL Deprived Thousands Of Timely Wages

    An ex-employee accused commercial real estate giant Jones Lang LaSalle Americas Inc. of breaching its obligations under the New York Labor Law to pay thousands of manual workers on a weekly rather than biweekly basis.

  • February 16, 2023

    Fla. Panel Says Blind Resident Lacks Standing In Casino Suit

    A legally blind person's objection to a casino development in South Florida over traffic concerns isn't a "special injury" sufficient to demonstrate standing for him or a citizens group to sue the city of Dania Beach over the project, a Florida appellate panel ruled this week.

  • February 16, 2023

    Denver Dispensary Beats Landlord In Purchase Option Appeal

    A Denver dispensary didn't breach a purchase option deal to buy its retail space from its landlord by registering the agreement with the local clerk and recorder, a Colorado Court of Appeals panel ruled on Thursday, finding that the cannabis retailer also didn't violate its underlying lease.

  • February 16, 2023

    Feds Want $5.5M Restitution From Ex-Atty For Investor Fraud

    U.S. government prosecutors asked a court on Wednesday to order a disbarred attorney to pay $5.5 million in restitution to his victims in a real estate investment fraud scheme.

  • February 16, 2023

    McDonald's To Launch $170M Solar Project In Louisiana

    After launching their first solar venture in 2021, McDonald's and Lightsource BP are teaming up again to build a $170 million solar energy project in central Louisiana, according to a Thursday news release.

  • February 16, 2023

    Real Estate Rumors: Continuum, Hyundai, Eric Newton

    The Continuum Co. has reportedly picked up a South Florida development site for $35 million, Hyundai is said to have dropped $275 million on a Manhattan office building and Eric Newton Real Estate is said to have sold a South Carolina student housing complex.

  • February 16, 2023

    Sullivan & Cromwell, Ropes Rep BP's $1.3B TravelCenters Buy

    BP, led by Sullivan & Cromwell LLP, will acquire travel centers and truck stop chain TravelCenters of America Inc., represented by Ropes & Gray LLP, for $1.3 billion, the companies announced Thursday.

  • February 16, 2023

    Portugal To Stop Granting 'Golden Visas,' PM Says

    Portugal will no longer grant so-called golden visas, which let individuals obtain citizenship for investments in property, the country's prime minister said Thursday during a news conference on rising housing costs.

  • February 16, 2023

    Proposed Conservation Easement Regs Overbroad, IRS Told

    Land trusts, lawyers and other stakeholders have pushed back against a proposed IRS rule meant to crack down on potentially abusive syndicated conservation easement deals, saying in advance of a hearing next month that the proposal is overbroad and vague.

  • February 16, 2023

    REIT Co-Founder Wants Appeal Of $3.2M Decision Reinstated

    The co-founder of a New York real estate investment trust asked the Second Circuit to reinstate his appeal of a $3.2 million judgment in a nine-year civil racketeering case in which he was accused of smearing his former business partner's name.

  • February 16, 2023

    DOJ Says Ex-Employee Stole From NYC Architecture Firm

    Federal prosecutors have accused a former business manager at a Manhattan architecture firm and a co-conspirator of stealing over $91,000 from the company, transferring the funds to a fictitious law firm they incorporated and then threatening the employer with prosecution when it challenged the transactions.

  • February 16, 2023

    Douglas Elliman GC: Feel 'Comfortable Being Uncomfortable'

    Deva Roberts recently took over as general counsel at Douglas Elliman from a lawyer who held the role for nearly two decades. But Roberts, who left the law firm partner track to move in-house just over a year ago, refuses to be intimidated. She shared with Law360 Pulse more about being a general counsel under 40 and feeling comfortable taking — careful — risks.

  • February 16, 2023

    Texas Instruments Plans $11B Utah Semiconductor Plant

    Texas Instruments announced Wednesday it will build a second semiconductor wafer manufacturing plant next door to the one it already operates in Lehi, Utah, 28 miles south of Salt Lake City.

  • February 16, 2023

    Carlton Fields Promotes 8 Shareholders In 5 Offices

    Carlton Fields has tapped eight attorneys in Miami, Orlando, Tallahassee and Tampa plus Washington, D.C., to step into shareholder roles, those attorneys focusing on several different areas of law, the firm announced Wednesday.

  • February 15, 2023

    Georgia Wants $15B Bond Denial Reversed

    The state of Georgia and the Joint Development Authority of Jasper, Morgan, Newton and Walton counties on Wednesday urged the Georgia Court of Appeals to reverse a trial court order denying the validation of $15 billion worth of taxable revenue bonds they'd hoped to issue in order to finance the costs associated with the development of a Rivian automobile plant.

  • February 15, 2023

    Latham Advises Dreamscape Cos. On $850M Capital Raise

    Dreamscape Cos., guided by Latham & Watkins LLP, said Wednesday it completed a capital raise of $850 million featuring a debt syndicate and a private placement, which will go toward launching two new subsidiaries and to renovating the Rio Hotel & Casino Las Vegas.

  • February 15, 2023

    FCC Denies Calif. Stations' License Renewals After Dead Air

    The Federal Communications Commission declined to review its decision to let the license of an AM station in South Lake Tahoe, California, expire after a long period of radio silence.

  • February 15, 2023

    Chicago Bears Complete $197M Suburb Stadium Site Buy

    The Chicago Bears said Wednesday that the team has closed on the roughly $197 million purchase of 326 acres in Arlington Heights, Illinois, for a likely future stadium.

  • February 15, 2023

    Ex-Everyrealm Employee Trims Harassment, Bias Suit

    A former employee of Metaverse real estate company Everyrealm has dropped her claims against four defendants named in a sexual harassment and wrongful termination suit after she missed the time period to serve them.

  • February 15, 2023

    Real Estate Rumors: Montecito Medical, AHV, James Mills

    Montecito Medical Real Estate has reportedly landed $31 million in financing for a South Carolina medical center; AHV Communities is said to be building 525 units in San Antonio; and the Chicago home of the late James Mills, co-founder of Medline, will reportedly soon list for sale.

  • February 15, 2023

    Developer's Lease Breach Suit Was Timely, Texas Court Told

    A property development company told the Texas Supreme Court its breach of contract claims against the city of Laredo weren't filed too late because the lease at issue is still intact despite the municipality's bid to void it.

Expert Analysis

  • Overcommunicate With Your Summer Associates This Year

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    2022 summer associates have had limited opportunities for professional interactions due to the pandemic, so supervising attorneys should prioritize intentional overcommunication by emphasizing importance of tone and content of emails, sharing feedback immediately, and more, says Julie Schrager at Faegre Drinker.

  • Nev. Case Highlights Settlement Authority Dilemmas For Cos.

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    A Nevada federal court's recent decision in Ceja v. The Vons Companies illustrates the pitfalls of misinterpreting a court order requiring a representative with full settlement authority to be present at negotiations, and is a reminder to consider that courts differ as to what full settlement authority means in practice, says Richard Mason at MasonADR.

  • 2nd Circ. Reasoning In COVID Force Majeure Case Is Flawed

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    The Second Circuit's recent holding in JN Contemporary Art v. Phillips Auctioneers, that a force majeure clause permitted an auction house to cancel a contract because of COVID-19, was correctly decided, but for the wrong reasons, because the decision incorrectly characterized the operative clause as a catchall clause, says Joshua Wurtzel at Schlam Stone.

  • ALI Oversteps With Expansive Restatement Of Contract Law

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    The American Law Institute's consumer contracts restatement project, which members are scheduled to vote on at the ALI's upcoming annual meeting, could upend the established law of contracts, and encourage specious class actions and nullification of arbitration agreements, says Sherman Joyce at the American Tort Reform Association.

  • The Fastest Federal Trial Courts: A Look At Virginia, Florida

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    The Eastern District of Virginia rocket docket and the Northern District of Florida were last year’s fastest civil trial courts in the nation, and interviews with two of their judges reveal they have some of the same practices to keep litigation moving efficiently, says Robert Tata at Hunton.

  • Tips For Evaluating Machine Learning For Contracts Review

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    Law firms considering machine learning and natural language processing to aid in contract reviews should keep several best practices in mind when procuring and deploying this nascent technology, starting with identifying their organization's needs and key requirements, says Ned Gannon at eBrevia.

  • How To Efficiently Deploy Your Professional Growth Strategy

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    Lana Manganiello at Equinox Strategy Partners discusses how time-strapped legal professionals can efficiently implement a professional growth framework by focusing on only the most effective actions to build the reputation and relationships key to their ideal practice.

  • A 6-Step Framework For Legal Industry Professional Growth

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    Lana Manganiello at Equinox Strategy Partners discusses how implementing a professional growth framework will help legal professionals gain expertise in a relevant niche to build credibility, focus marketing efforts and build an ideal practice.

  • Why Contempt May Be Apt Punishment For High Court Leaker

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    Contempt of court is an overlooked but potentially effective tool to punish whoever leaked the draft opinion overruling Roe v. Wade and protect the integrity of the U.S. Supreme Court, says Michael Zuckerman at Zuckerman Dispute Resolution.

  • Illinois Remote Notary Law May Guide Other States

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    Illinois' new electronic and remote notary law appears to be among the most flexible of similar laws across the country, and will likely be influential as other states craft their own permanent legislation, say attorneys at Manatt.

  • Clients' Diversity Mandates For Law Firms Are Necessary

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    Coca-Cola recently scrapped its proposed diversity staffing requirements for outside counsel, and other companies may be reassessing their mandates due to external pressures, but it is important to remember the myriad factors supporting these policies and why they are more important now than ever before, says David Hopkins at Benesch Friedlander.

  • EV Chargers In Retail Lots Face Zoning, Contract Hurdles

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    Electric vehicle charging stations are increasingly being installed in retail parking lots and garages, benefitting both drivers and retailers — but municipalities, businesses and property owners may face challenges tackling zoning amendments and structuring leases and licensing agreements for charging infrastructure, say Elizabeth Bennett and Mary Therese O'Sullivan at Fox Rothschild.

  • 5 Questions That Can Help Law Firms Win RFPs

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    As the volume of matter-specific requests for proposals continues to increase in the legal market, law firms can take some new steps to fine-tune their RFP response-drafting process and strategy, says Matthew Prinn at RFP Advisory Group.