Real Estate

  • February 16, 2018

    ​​​​​​​Holland & Knight Looks To Undo $35M Malpractice Loss

    Holland & Knight LLP urged a California appellate panel on Friday to undo a jury's $34.5 million award to a real estate investor who sued the firm over fraud and malpractice, arguing that the firm had no knowledge of alleged wrongdoing surrounding the investor's transactions and that the jury improperly awarded duplicated damages.

  • February 16, 2018

    HOA Slammed With $20M Verdict Over Swing Set Injury

    A Nevada homeowners association was hit with a $20 million jury verdict Friday in a suit brought by a teenager who sustained a traumatic brain injury after the top bar of a swing set broke and hit him in the head.

  • February 16, 2018

    Weil's Role Part Of Probe Of Breitburn Conflict Claims

    A New York bankruptcy judge Friday said he would hold a hearing to address a Breitburn Energy Partners LP bondholder’s claim of conflicts of interest between a prospective stalking horse bidder, a Breitburn lienholder and Breitburn bankruptcy counsel Weil Gotshal & Manges LLP.

  • February 16, 2018

    Real Estate Rumors: RBC, Gramercy, Virgo Business Centers

    Royal Bank of Canada has reportedly loaned $236.6 million for a New York office property purchase, Gramercy Property Trust is said to have sold a Florida corporate center for $43.16 million and Virgo Business Centers is reportedly subleasing more than 42,000 square feet in Manhattan.

  • February 16, 2018

    Pittsburgh Urges Justices To OK Sick Leave, Security Laws

    The city of Pittsburgh urged the Pennsylvania Supreme Court on Thursday to revive a pair of ordinances requiring employers to provide paid sick leave to their workers and mandating security training and procedures in certain commercial buildings and public spaces.

  • February 16, 2018

    Swedish Developer Klövern Drops $240M On Danish Property

    Klövern AB has purchased an office property in central Copenhagen, Denmark, for 1.44 billion Danish krone ($239.9 million), according to an announcement from the Stockholm-based developer on Friday.

  • February 16, 2018

    Travelers Let Off The Hook In Lease Row Over Roof Damage

    A Colorado judge let Travelers off the hook Friday from having to defend a college from a landlord’s claim that it failed to repair roof damage, saying the dispute was a breach of contract claim not covered by the policy.

  • February 16, 2018

    Md. Court Raises Red Flag On Midcase Ethics Complaints

    A Maryland appeals court issued a warning Thursday about conduct complaints being filed midlitigation by an opposing counsel but nonetheless imposed a 30-day suspension on a lawyer whose disciplinary proceeding began during a business dispute.

  • February 16, 2018

    Santa Monica Seeks To Toss Airbnb, HomeAway Rental Suit

    The city of Santa Monica asked a California federal judge to toss a suit by home-sharing websites Airbnb and HomeAway challenging an ordinance that requires landlords renting rooms through their sites to first get a license, arguing the legislation is essential to helping the city counter a mounting housing crisis.

  • February 16, 2018

    Ashford Hospitality Prime Buying Florida Ritz For $171M

    Ashford Hospitality Prime Inc. has reached an agreement to buy a Ritz-Carlton hotel in Sarasota, Florida, for $171 million, the Dallas-based real estate investment trust announced Friday.

  • February 16, 2018

    A Dozen Firms Guided 2017's Largest PE Real Estate Deals

    Private equity continued to do large real estate deals in 2017, particularly foreign firms buying portfolios, and the 10 largest transactions of the year — each of which was north of $2 billion — got done with the help of a dozen law firms.

  • February 15, 2018

    Real Estate Rumors: Union Investment, ADME, Braintree

    Union Investment is reportedly buying a New York retail condo leased to Lexus for $88 million, A.D.M.E. Real Estate is said to have sold a Miami Beach assisted-living facility for nearly $18 million and mobile payment software firm Braintree is reportedly in talks with landlord Vornado Realty Trust for 40,000 additional square feet in Chicago.

  • February 15, 2018

    2 Long Island Mortgage Co. Execs Cop To $9M Fraud

    Two mortgage executives accused of lying to banks in order to obtain nearly $9 million in short-term loans for Long Island mortgage lender Vanguard Funding LLC admitted in New York federal court on Thursday to conspiring to commit wire and bank fraud, the Brooklyn U.S. Attorney’s Office said.

  • February 15, 2018

    Strain Gets To Jailed NY Ex-Lobbyist As Testimony Ends

    Todd Howe, the lobbyist-turned-cooperator who was arrested during the time he testified against an ex-aide to New York Gov. Andrew Cuomo accused of bribery, shed tears on the witness stand Thursday morning before his tumultuous cross-examination ended with an admission that he doesn't know how many emails he has faked.

  • February 15, 2018

    Stoel Rives Snags 3 RE Partners From Perkins Coie

    Stoel Rives LLP has announced the hiring of three attorneys with decades of experience handling real estate law from Perkins Coie LLP as partners in its Portland, Oregon, office, adding a range of expertise for clients needing assistance with anything from development to loan modifications.

  • February 15, 2018

    4th Circ. Won't Bar Pipeline Co. From Taking Va. Properties

    The Fourth Circuit on Thursday shot down a bid by Virginia landowners to bar Mountain Valley Pipeline LLC from taking properties for its project, a move they said was needed while they challenge the constitutionality of the Federal Energy Regulatory Commission's eminent domain authority.

  • February 15, 2018

    Costa Rican Condo Developer Seeks To Toss $1.6M Award

    A Costa Rican real estate developer urged an Arizona federal court Wednesday not to confirm a nearly $1.6 million arbitration award against it and a majority shareholder in a luxury condo project, saying the court lacks jurisdiction to do so because Costa Rica’s supreme court set the award aside.

  • February 15, 2018

    Cos. Denied Rehearing In $1B Lead Paint Cleanup Suit

    A California appeals court Wednesday rejected arguments by Sherwin-Williams Co. and other paint companies that a decision that trimmed a $1.15 billion lead contamination judgment didn't go far enough, saying there was ample evidence the companies had promoted the use of lead paint despite knowing the health dangers.

  • February 15, 2018

    Houston Homeowners Can't Revive Flood Negligence Suit

    Houston-area homeowners can’t revive their suit blaming the operator of a wastewater pumping facility for flooding to their homes, a Texas appellate court held Thursday, saying the homeowners hadn’t offered any facts that could demonstrate the operator negligently oversaw wastewater infrastructure in their neighborhood. 

  • February 15, 2018

    Forfeited $10M Deposit Not Capital Gain, 11th Circ. Says

    A Florida-based hotel management company cannot treat a forfeited deposit of almost $10 million on a hotel sale as a capital gain, the Eleventh Circuit said Thursday in a case of first impression.

Expert Analysis

  • Understanding Texas Mechanic's Liens And Bonds: Part 1

    Excerpt from Lexis Practice Advisor
    David Tolin

    Texas is home to relatively complex statutory frameworks for liens and bonds used to secure payment for services rendered. Statutory and constitutional liens provide powerful remedies for nonpayment, but only if the proper guidelines are strictly observed, says David Tolin of Cokinos Young.

  • How Emerging Sources Of ESI Will Impact Discovery

    Charles McGee

    Late last year, the Sedona Conference released the third edition of its principles addressing electronic document production, updated to account for innovations like Snapchat and Twitter. It may be necessary for these principles to be updated more often in order to keep pace with technology, says Charles McGee III of Murphy & McGonigle LLP.

  • Put The Brakes On Acceleration Bay Litigation Funder Ruling

    David Gallagher

    Last week, the District of Delaware raised eyebrows by ruling that documents provided to a litigation funder and its counsel in connection with their due diligence are categorically not attorney work product. Acceleration Bay v. Activision Blizzard seems to be a case of bad facts making bad law, says David Gallagher, investment manager and legal counsel for Bentham IMF.

  • How Bank Secrecy Act Affects Lending To Foreign Borrowers

    Kevin Kim

    U.S. real estate has become a very attractive investment for overseas investors. For those financial services companies that lend to foreign borrowers, some simple steps added to their underwriting policies can ensure they are not violating the Bank Secrecy Act, says Kevin Kim of Geraci Law Firm.

  • Considerations For Attorneys Using Artificial Intelligence

    Ben Allgrove

    Artificial intelligence tools can empower attorneys to work more efficiently, deepen and broaden their areas of expertise, and provide increased value to clients, which in turn can improve legal transparency, dispute resolution and access to justice. But there are some common pitfalls already apparent in the legal industry, say Ben Allgrove and Yoon Chae of Baker McKenzie.

  • Series

    Judging A Book: Duncan Reviews 'Justice And Empathy'

    Judge Allyson Duncan

    In "Justice and Empathy: Toward a Constitutional Ideal," the late Yale Law School professor Robert Burt makes a compelling case for the undeniable role of the courts in protecting the vulnerable and oppressed​. But the question of how the judiciary might conform to Burt’s expectations raises practical problems​, says U.S. Circuit Judge Allyson Duncan of the Fourth Circuit. ​

  • Eminent Domain In The Wake Of Natural Disasters

    Briggs Stahl

    When states and municipalities rebuild permanent infrastructure following disasters, they may be able to reduce the damages caused by eminent domain by planning carefully. In particular, examining preventative solutions allows more time for planning and designing projects to reduce future damages to owners, says Briggs Stahl of RGL Forensics.

  • NY Decision Opens Door For Yellowstone Injunction Waivers

    Dani Schwartz

    A New York appeals court's recent decision in 159 MP v. Redbridge has the potential to shift the balance of power in commercial landlord and tenant relations toward the landlord, by holding that a waiver of the right to seek a Yellowstone injunction is not void as against public policy, says Dani Schwartz of Wachtel Missry LLP.

  • The Art Of The Litigation Funding Deal

    Julia Gewolb

    As litigation funding becomes more widespread, greater complexity and variability in funding deals are to be expected. All claimants should consider certain key questions on the economics of single-case funding when considering or comparing funding terms, says Julia Gewolb of Bentham IMF.

  • TCJA Will Affect Foreign Investments In US Real Estate

    Brad Wagner

    The Tax Cuts and Jobs Act signed into law last December has significant ramifications for foreign investors utilizing the blocker corporation structure. Moving forward, tax planning and tax projections for the life of a deal will be required to minimize income taxes, say Brad Wagner and Justin Wood of Wagner Duys & Wood LLLP.