Real Estate

  • January 19, 2017

    Kushner Faces Opposition In Skipping Consumer Fraud Trial

    Nearly three dozen condominium owners called on a New Jersey state court Thursday to require President-elect Donald Trump's son-in-law, Jared Kushner, to testify at an upcoming trial over claims that his family's real estate firm and others deceived them into buying into a waterfront community that wasn't developed as proposed.

  • January 19, 2017

    In The Polarized Era Of Trump, BigLaw Searches For Balance

    The alignment of law firms with or against the new administration in legal battles to come could open rifts among attorneys and clients. But the publicity earned for taking on a potentially unpopular case could ultimately be worth any public fallout.

  • January 19, 2017

    Rolling Back Regulation In The Age Of Trump

    The incoming president’s plans to rein in the power of federal agencies will lead to uncertainty for lawyers and their clients as pending investigations and rulemaking are stopped in their tracks.

  • January 19, 2017

    Most Influential Judges On Trump’s Supreme Court Short List

    A new look at the potential U.S. Supreme Court nominees’ rulings reveals a ranking of judicial influence with some surprises at the top — and at the bottom.

  • January 19, 2017

    The Lawyer Who Will Shape Trump’s Presidency

    Jones Day’s Donald McGahn is stepping into the role of White House counsel, a powerful but little-understood position that has a strong history of impacting the president’s authority.

  • January 19, 2017

    Bear Fund Liquidators Again Target S&P, Others Over RMBS

    Liquidators for two Bear Stearns & Co. Inc. feeder funds on Thursday asked a New York state appeals court to revive their fraud suit accusing the big three credit rating agencies of lying about the creditworthiness of debt obligations backed by subprime mortgages, saying it was wrongly dismissed on timeliness and standing grounds.

  • January 19, 2017

    GrayRobinson Adds Partner, Business Contingency Practice

    GrayRobinson PA is taking an innovative approach with its latest hire, adding a veteran litigator who is launching a business contingency litigation practice at the full-service Florida law firm.

  • January 19, 2017

    Dubai Real Estate Deals Hit $3.27B In First Half Of January

    The Dubai real estate market heated up in the first two weeks of January, with 12 billion United Arab Emirates Dirham ($3.27 billion) in transactions done in the first 15 days, according to an announcement on Wednesday from the Dubai Land Department.

  • January 19, 2017

    Over A Dozen Firms Guided 2016's Top Real Estate Deals

    More than a dozen law firms grabbed work on the 10 largest U.S. real estate deals of 2016, a year that saw New York continue to lead, with transactions involving Manhattan office buildings taking eight spots on the list.

  • January 19, 2017

    Real Estate Rumors: LA Mansion, WRS, Endurance

    A spec mansion in L.A. is reportedly listed for a record $250 million, WRS Realty is said to be nearing a deal to pay $34.5 million for the Underground Atlanta mall, and insurance company Endurance has reportedly leased 143,000 square feet in New York from Rockefeller.

  • January 19, 2017

    Rockwood Capital Closes $1B Real Estate Fund

    Real estate investment firm Rockwood Capital LLC said Wednesday that it has closed a new fund at its hard cap of $1.1 billion that will look to invest in a variety of property types in growing neighborhoods around the U.S.

  • January 19, 2017

    Russian Investor Asks 9th Circ. To Keep $116M Freeze In Place

    A Russian real estate investor who convinced a California federal judge to freeze $116 million of his former partner’s money urged the Ninth Circuit on Wednesday to keep the injunction in place, saying the former partner's had his say and there's nothing unprecedented or illegal about the asset freeze.

  • January 19, 2017

    Kelley Drye Steers Loan For $94M NYC Hotel Buy

    McSam Hotel Group LLC has purchased the Club Quarters Hotel Wall Street from Rockwood Capital LLC for $93.55 million and has scored roughly $71.5 million in financing from Kelley Drye & Warren LLP-counseled Aareal Capital Corp., according to multiple documents filed in New York on Wednesday.

  • January 19, 2017

    Owners Of Chicago Apartment Tower Score $125M Refi

    The owners of a 44-story apartment tower in the Lincoln Park neighborhood of Chicago have landed a $125 million loan to refinance the property, according to a statement on Wednesday from Holliday Fenoglio Fowler LP, which brokered the transaction.

  • January 19, 2017

    Starwood Capital Grabs Milestone REIT In $2.85B Deal

    Starwood Capital Group said Thursday that it would buy Canadian real estate investment trust Milestone Apartments REIT in a $2.85 billion cash deal that will see the investment firm bolster its multifamily holdings in the southern United States.

  • January 19, 2017

    Real Estate Group Of The Year: Skadden

    With over $115 billion in global real estate transactions to its credit in 2016, including blockbuster deals in the health care, hospitality and real estate investment trust sectors, Skadden Arps Slate Meagher & Flom LLP has landed among Law360's Real Estate Groups of the Year for the fourth consecutive year.

  • January 18, 2017

    Landowners Seeking $150M in Gas Royalties Get Class Cert.

    An Oklahoma federal judge granted class certification Tuesday to landowners claiming Chaparral Energy LLC withheld $150 million in gas royalties through improper deductions, but excluded a fraud claim and narrowed the group to those with agreements that don’t release the well operator’s obligation to pay production costs.

  • January 18, 2017

    EB-5 Update Could Pump The Brakes On Investor Numbers

    The U.S. Department of Homeland Security rolled out a rule last week aimed at updating the EB-5 visa program, and while it may combat gerrymandering in the program, attorneys say the regulation may also have a chilling effect on the number of immigrant investors who can apply for the visas.

  • January 18, 2017

    Navajo Nation Wants To Get Land Use Suit Out Of State Court

    The Navajo Nation pressed a New Mexico federal court on Wednesday to rule that a state court lacks jurisdiction over a dispute accusing a tribe member of interfering with the use of an irrigation ditch on his property.

  • January 18, 2017

    Terrafina REIT Buys $422M In Mexican Industrial Properties

    Mexican industrial real estate investment trust Terrafina, advised by U.S.-based global real estate firm PGIM Real Estate, said Tuesday it had acquired 51 properties in two different portfolios valued at a total of $422 million.

Expert Analysis

  • Attracting And Retaining The Millennial Lawyer

    Christopher Imperiale

    Instead of trying to change the new workforce to follow a law firm's existing processes and procedures, perhaps it's time for firms to start changing their processes and procedures to better accommodate the mentality of this next generation of lawyers, says Christopher Imperiale, a law firm adviser with Berdon LLP.

  • It’s Time To Change The Law Firm Business Model

    Lucia Chiocchio

    Every year, statistics reveal very little change in the number of women and minorities in the ranks of partnership. So how do law firms change this painfully slow rate of progress? It takes more than adding a diversity policy or a women’s leadership program to the current law firm business model, says Lucia Chiocchio, co-chair of Cuddy & Feder LLP's telecommunications and land use, zoning & development groups.

  • Substantive Consolidation Remains Alive And Well

    John G. Loughnane

    Two recent opinions in Lassman v. Cameron Construction and Spradlin v. Beads And Steeds Inns concerning the law of substantive consolidation serve as an important reminder of the significant equitable power that bankruptcy courts wield. That power affects the fate not only of debtors and their creditors but the rights and obligations of related parties and their creditors as well, says John Loughnane of Nutter McClennen & Fish LLP.

  • Amended Rule 37(e): 1 Year Later

    Samantha Southall

    After a full year in effect, the amended Federal Rule of Civil Procedure 37(e) has been tested in a variety of district courts. A sampling of these decisions reveals that courts seem to be adhering closely to the amended rule and ordering adverse inference instructions only where there was intent to deprive another party of access to relevant information, say Carrie Amezcua and Samantha Southall of Buchanan Ingersoll & Rooney PC.

  • Avoiding The Hidden Costs Of Bargain-Priced E-Discovery

    Michael Cousino

    Many organizations are interested in finding electronic discovery partners who offer tantalizingly low prices for electronic discovery services. However, unforeseen gaps, lax security practices, ignorance of global practices and delayed deliverables can all add up to a surprisingly large final cost, says Michael Cousino of Epiq Systems.

  • Retail Trends: Outlets As Destination Centers

    In this episode of Fashion Counsel, Arent Fox LLP partner Anthony Lupo and retail consultant Steve Birkhold (former CEO of Lacoste, Diesel, BEBE and Earl Jeans) discuss factory outlets — the nation’s fastest developing retail sector. Increasingly, outlets are “destination centers,” offering entertainment and amenities, not just retail stores. But they may raise special legal issues for participants.

  • How NY Developers Request Access To Neighboring Property

    Stanziale_Laurie_TarterKrinsky.jpg

    Construction, repairs and renovations in New York City often require access to neighbors' property. Co-op and condo building boards should take the time to fully understand the different types of access that developers might request, say Laurie Stanziale and Steven Troup of Tarter Krinsky & Drogin LLP.

  • Saving Lawyers 1 Breath At A Time: Mindfulness In The Law

    Jennifer Gibbs

    As critical as lawyers are to society, they are reported to be the most frequently depressed occupational group in the United States. In response to the inherently stressful nature of the practice of law, more and more lawyers are turning to an ancient contemplative practice called “mindfulness,” says Jennifer Gibbs of Zelle LLP.

  • Understanding How Blockchain Could Impact Legal Industry

    R. Douglas Vaughn

    Blockchain is essentially a computerized public ledger that can apply to almost anything that a person might save into a database or spreadsheet. This versatile technology may enhance the legal industry by providing an improved record keeping system, setting up "smart contracts" and tracking intellectual property and land records, say R. Douglas Vaughn and Anna Outzen of Deutsch Kerrigan LLP.

  • Clearing The Air: Pollution Notification In Florida

    Daniel H. Thompson

    Last month, an administrative law judge struck down the Florida Department of Environmental Protection's proposed "Public Notice of Pollution," which would have required that pollution be reported to government officials and property owners in affected areas. Industry opposition to the rule suggests that future notice requirements will continue to be hotly debated, says Daniel Thompson of Berger Singerman LLP.