Real Estate

  • February 23, 2017

    Jay Peak Owner Slams Bid To Toss Defenses In EB-5 Suit

    Jay Peak resort owner Ariel Quiros hit back Wednesday against the U.S. Security and Exchange Commission’s bid to strike his affirmative defenses in a $350 million EB-5 visa investment fraud case in Florida federal court, arguing that he doesn’t yet have to prove the defenses.

  • February 23, 2017

    $269M JV Forged By Belay Investment, Eagle Property

    Belay Investment Group LLC has entered into a joint venture with Eagle Property Capital Investments LLC to acquire as much as $269 million worth of multifamily properties in Texas and Florida, the firms revealed in a statement Thursday.

  • February 23, 2017

    Jones Day, Dechert Steer StepStone Real Estate's $700M Fund

    Jones Day represented StepStone Real Estate in connection with the close of its $700 million fund and Dechert LLP provided Luxembourg counsel, according to an announcement on Wednesday from the real estate and private equity shop.

  • February 23, 2017

    Employment Agency Hit With $1.4M Suit By Real Estate Co.

    Advice Personnel Inc. has been slapped with a lawsuit from a New York real estate developer that’s looking to recover $1.4 million it said was stolen by a worker the employment agency allegedly recommended without properly vetting.

  • February 22, 2017

    Liner LLP Adds Real Estate Tax Pro In SoCal

    Liner LLP has brought aboard a heavyweight with decades of experience in structuring real estate transactions and a concentration in like-kind transactions for its Los Angeles office, along with two of his associates.

  • February 22, 2017

    Resource Capital Dealt Another Shareholder Suit Over Loans

    Derivative lawsuits accusing Resource Capital Corp.'s directors of mishandling a Puerto Rico hotel loan portfolio that prompted a $41 million write-down in August 2015 continued to mount Wednesday, as a shareholder of the real estate investment trust filed the fourth case of its kind in New York.

  • February 22, 2017

    Wash. Justices Rule Against Tribe In Land Row With Couple

    The Washington Supreme Court has upheld the conclusion that a husband and wife own a disputed strip of land rather than the Upper Skagit Indian Tribe, finding that the tribe’s sovereign immunity is not a barrier to the case, which was sparked by the placement of a fence.

  • February 22, 2017

    Tribes Tell 8th Circ. Sanctions Unwarranted In Pipeline Row

    Officials for the Three Affiliated Tribes asked the Eighth Circuit on Tuesday not to sanction them for bringing a second appeal in Paradigm Energy Partners LLC’s lawsuit seeking to block them from interfering with the construction of a pair of pipelines underneath a lake on their land in North Dakota, saying their request for a review is not frivolous.

  • February 22, 2017

    Real Estate Rumors: Jeff Sutton, Tenet Healthcare, Compass

    Retail developer Jeff Sutton has reportedly raised $233 million through a bond sale on the Tel Aviv Stock Exchange, Tenet Healthcare is said to have bought a Florida hospital from HCP and Compass is said to be taking another 25,000 square feet on Fifth Avenue in New York.

  • February 22, 2017

    Purplebricks Raising $62M In Share Sale For US Expansion

    U.K. real estate agent Purplebricks Group PLC said Wednesday that it plans to raise £50 million ($62.3 million) through a stock sale to help fund its expansion into the U.S., its third new market since launching in 2014.

  • February 22, 2017

    11th Circ. Affirms Wells Fargo Property Interest In Nadel Case

    The Eleventh Circuit on Wednesday said Wells Fargo did not lose its interest as a secured creditor in two properties in the wake of hedge fund manager Arthur Nadel's $168 million Ponzi scheme, saying a creditor’s property rights are granted under state law and a federal court can’t invalidate them for failure to submit a proof of claim.

  • February 22, 2017

    Dechert Reps Column Financial On $225M NYC Loan

    Dechert LLP represented Column Financial Inc. in connection with its $225 million loan to SBE Ent Holdings LLC for multiple commercial condo units on West 57th Street in Manhattan, according to records made public in New York on Tuesday.

  • February 22, 2017

    Enviro Group Sues To Halt Boston Luxury Condos

    An environmental group has filed suit in Massachusetts state court to block the development of a luxury condo project in Boston’s bustling Seaport district, arguing that the project will benefit private parties at the expense of the public.

  • February 22, 2017

    Gov't Trims Land O'Lakes' Defenses In $23M Cleanup Spat

    An Oklahoma federal judge dealt a blow to Land O’Lakes Inc. in the federal government’s suit seeking $23.4 million for the cleanup of an oil refinery previously owned by the dairy company, agreeing Wednesday that a number of its affirmative defenses and a pair of counterclaims don’t hold up.

  • February 22, 2017

    Ashford Lobs $1.3B Bid At Fellow REIT, Readies Proxy Contest

    Ashford Hospitality Trust took its $1.27 billion takeover bid for fellow real estate investment trust FelCor hostile on Tuesday, blasting the REIT’s board for allegedly engaging only half-heartedly in discussions and laying the groundwork for a proxy fight.

  • February 22, 2017

    Logjams, Likely Litigation Surround LA Development Measure

    An upcoming Los Angeles ballot initiative that would temporarily halt most development in the city is causing a logjam of applications at the Department of City Planning as developers try to get their projects secured ahead of the vote, and lawyers say wide-ranging litigation is likely if the measure passes.

  • February 22, 2017

    2nd Circ. Asks If McDonnell Impacts Politician's Conviction

    A Second Circuit judge asked Wednesday if jurors who convicted former state lawmaker William F. Boyland Jr. on 10 counts of honest services fraud in 2014 might have come to different conclusions had they been instructed with the 2016 McDonnell precedent in mind.

  • February 22, 2017

    Killam Apartment REIT To Raise $53M Through Share Sale

    Killam Apartment REIT is selling roughly CA$70 million ($53 million) worth of trust units, in a matter that RBC Capital Markets is working on as lead underwriter, according to an announcement on Tuesday from the Halifax, Nova Scotia-based real estate investment trust.

  • February 22, 2017

    Judge OKs Management Deal For Hotel In 1MDB Scandal

    A California federal judge on Tuesday approved a cooperation agreement between the government and investors involved in developing a midtown Manhattan hotel partly financed by allegedly embezzled money from a Malaysia sovereign wealth fund, rejecting objections to the pact that the parties say will save the venture from default.

  • February 22, 2017

    Rockcastle Scores $71M Loan For Mall Refinancing

    Rockcastle Global Real Estate has landed a €67 million ($70.7 million) loan to refinance a shopping center in Poland, according to a statement Wednesday from pbb Deutsche Pfandbriefbank, one of the underwriters for the financing.

Expert Analysis

  • Challenging Emoluments Clause Violations As A Conspiracy

    Randall Eliason

    I’m not confident that trying to hold the Trump Organization liable for President Donald Trump’s own constitutional violations will work. But there might be other legal theories under which a state attorney general could argue that Trump-owned companies act unlawfully when they receive emoluments. Consider a core white collar criminal statute — conspiracy to defraud the U.S., says Randall Eliason, a former federal prosecutor.

  • The Mistakes Lawyers Make When Copying And Pasting

    Robert D. Lang

    We all recognize that cutting or copying text from earlier works and pasting it into new documents saves attorneys time. However, with this increase in speed comes an increased risk of making, or not catching, errors, says Robert Lang of D’Amato & Lynch LLP.

  • Here Come The Drones — And The Legal Headaches

    Nathan Bohlander

    Unmanned aerial vehicles are being adapted for a myriad of commercial purposes, by a range of industries including entertainment, energy, farming, real estate, telecommunications, shipping and construction. But as drone usage proliferates, manufacturers and distributors must be cognizant of product liability risks, safety standards, technological developments, and changing insurance coverage requirements, says Nathan Bohlander of M... (continued)

  • When You Find Human Remains On Your Construction Site

    Richard S. Reizen

    Contractors often stumble upon artifacts, ancient burial grounds, cemeteries and human remains while in the midst of a construction project. The most important immediate action is to stop work, contact the authorities and preserve the remains and artifacts, say Richard Reizen and Daniel Crowley of Gould & Ratner LLP.

  • Opinion

    Calif. Court Gets Automatic Funding Disclosure Right

    Matthew D. Harrison

    Detractors of litigation funding have strained to characterize a recent decision from a California federal court as significant headway in their crusade against the litigation funding industry. However, in truth, this is a victory for both the industry and those in need of capital to bring meritorious claims against wrongdoers in an often prohibitively expensive legal system, say Matthew Harrison and Priya G. Pai of Bentham IMF.

  • Talking 'Bull': Episode 15, What’s Your Number?

    Roy Futterman

    In this weekly column, real-life New York City jury consultant and psychologist Roy Futterman parses fact from fiction in "Bull," the new TV series airing on CBS about a fictional NYC jury consultant/psychologist. Spoiler alert ...

  • In Retrospect

    Relearning The Lessons Of Korematsu's Case

    Randy Maniloff

    Fred Korematsu’s U.S. Supreme Court case challenging President Franklin Roosevelt’s executive order that led to the incarceration of approximately 120,000 people of Japanese ancestry may sound like ancient history. However, Feb. 19 marks the 75th anniversary of the order's signing, and that it’s celebrating its diamond anniversary now is breathtaking timing, says Randy Maniloff of White and Williams LLP.

  • How A General Counsel Should Think About AI: Part 2

    Bruce J. Heiman

    General counsels face the challenging task of understanding how companies can navigate the rules surrounding uses of artificial intelligence. To get smart on AI, general counsels must ask the right questions about areas such as human resources, intellectual property, liability and insurance, say Bruce Heiman and Elana Reman of K&L Gates LLP.

  • How A General Counsel Should Think About AI: Part 1

    Bruce J. Heiman

    Though the Trump administration has yet to make an official statement regarding artificial intelligence, support for AI is consistent with its expressed desire to promote American business. As such, general counsel will inevitably have to navigate what big data and AI mean for compliance with current and future laws and regulations, say Bruce Heiman and Elana Reman of K&L Gates LLP.

  • Saving Lawyers 1 Less Drink At A Time

    Jennifer Gibbs

    Lawyers are likely turning to alcohol to lessen stress and anxiety, to socialize, and even to sleep better. Unfortunately, many are unaware that their nightly pour could be causing or exacerbating the anxiety that is plaguing the legal profession, says Jennifer Gibbs of Zelle LLP.