Real Estate

  • September 27, 2022

    Fired In-House Atty Scores Partial Win Against Real Estate Co.

    A New York federal judge on Tuesday handed a former in-house attorney a partial win in his suit against his former employers, finding that the companies committed disability discrimination when they fired him after he asked to continue working from home due to various health conditions in 2020.

  • September 27, 2022

    Colliers Says Insurer Owes $1M Defense Costs For Broker Suit

    Colliers International - Atlanta LLC and its former insurer, a unit of The Hartford, battled in a Georgia federal court Tuesday over the commercial real estate agency's request for more than $1 million it spent defending allegations that it failed to supervise a corrupt broker.

  • September 27, 2022

    Judge's OK Of Voting Plan Moots Tribe's Suit, SD County Says

    A South Dakota county has urged a federal judge to end a suit claiming the county violated the Lower Brule Sioux Tribe's voting rights, saying there's nothing more the judge can do after greenlighting the county's revised voting map.

  • September 27, 2022

    10th Circ. Asked To Clarify Atty Fee Ruling In EB-5 Suit

    A Colorado real estate developer asked the Tenth Circuit to clarify its decision to vacate attorney fees awarded by a district judge after the appellate court revived a case brought by two groups of Chinese investors claiming they were misled in an EB-5 visa project.

  • September 27, 2022

    Ga. Firm Wants Fees For Deal Enforcement Bid In Realty Row

    A Georgia law firm that was sued over its role as an escrow agent in a failed $1.6 million property purchase urged a state court Tuesday to compel the would-be buyer to cover its legal costs for a bid to enforce a settlement agreement freeing it from the case.

  • September 27, 2022

    Ala. Plant's Capped Ash Pit Could Still Pollute, Enviros Say

    An environmental group has challenged Alabama Power Co.'s plan to cap a pit containing more than 21 million tons of coal ash, telling an Alabama federal court the state-approved plan violates federal rules and could lead to more contamination of the Mobile River's floodplain.

  • September 27, 2022

    Real Estate Rumors: JPMorgan, Brookfield, Rina Trigg

    JPMorgan has reportedly loaned $210 million for a portfolio of CitizenM hotels, Brookfield Properties is said to be eyeing the sale of a downtown Los Angeles office tower, and restaurant owners Rina and Jordan Trigg have reportedly dropped $5.2 million on three parcels in San Jose.

  • September 27, 2022

    White & Case Adds 2 Real Estate Pros From Paul Hastings

    White & Case LLP has continued to expand its global mergers and acquisitions practice and real estate group with the addition of partners in New York and Houston, both of whom came aboard from Paul Hastings LLP.

  • September 27, 2022

    Gunster Adds Genovese Joblove Real Estate Pro

    Florida business law firm Gunster has added a veteran real estate attorney and licensed real estate broker from Genovese Joblove & Battista PA in Miami.

  • September 27, 2022

    Verizon Drops Suit After Getting OK For Fresno Cell Tower

    Verizon Wireless has dropped a lawsuit against Fresno, California, after city officials in July allowed the company to build its planned 5G tower disguised as a ponderosa pine.

  • September 26, 2022

    Robbins Geller Nets $11M From Bank OZK Investor Settlement

    An Arkansas federal judge has granted final approval to a $45 million settlement that ends a lawsuit accusing Bank OZK of misleading investors about the health of two real estate loans and awarded the lead plaintiff's counsel, Robbins Geller Rudman & Dowd LLP, $11 million plus expenses for working toward a "well-above-average" settlement. 

  • September 26, 2022

    SEC Says Fraudulent Real Estate Scheme Raised $26M

    The U.S. Securities and Exchange Commission filed a complaint in federal court against two Texas-based real estate developers, their affiliated LLCs and a Chinese businessman alleging they raised more than $26 million from 100 foreign investors by inflating real estate offering prices.

  • September 26, 2022

    Oil Terminal Owner Prevails In Fight With Chinese Energy Unit

    The owner of a crude oil terminal in the U.S. Virgin Islands has convinced a New York arbitral tribunal to deny a bid by the trading arm of the Chinese state-owned energy giant Sinopec to escape a 10-year lease said to be worth some $500 million.

  • September 26, 2022

    Saipan Casino Investors Win Arbitration Of Licensing Fight

    A Northern Mariana Islands federal judge has granted a bid by Chinese investors in a Saipan luxury casino to block proceedings initiated by regulators to yank their license over a fee dispute brought on by the pandemic and other force majeure events, saying the parties must arbitrate their dispute.

  • September 26, 2022

    Feds Can't Slip Investor Suit Over 'Nonsensical' Visa Delays

    A Missouri federal court has refused to let the Biden administration escape an Australian national's claim challenging the "nonsensical" and "dysfunctional" visa processing times that he says have unreasonably delayed his application for an EB-5 investor visa.

  • September 26, 2022

    US Trustee Questions First Guaranty's Ch. 11 Disclosures

    The U.S. Trustee's Office objected Monday to the Chapter 11 disclosure statement of mortgage lender First Guaranty Mortgage Corp., saying the document lacks adequate information about the debtor's assets and its exposure to an employee layoff suit.

  • September 26, 2022

    Pipeline Co. Says Feds Can't Countersue For Trespassing

    An oil pipeline operator says the U.S. government cannot accuse it of trespassing on tribal land in North Dakota as part of litigation in which the company seeks to maintain access to that area, telling a federal judge that the counterclaim is an invalid response to its "narrowly tailored" suit.

  • September 26, 2022

    9th Circ. Finds Nightclub Can Stay In Historic LA Building

    The operator of nightclub Exchange LA can keep its space in downtown Los Angeles' iconic Pacific Stock Exchange building, the Ninth Circuit has ruled, dismissing the landlord's attempt to cancel an under-market-rate lease.

  • September 26, 2022

    Oil Lease Sale Backers Paint 'Distorted Picture,' DC Circ. Told

    The D.C. Circuit shouldn't revive an offshore drilling lease sale struck down by a trial court, environmentalists and a Native American nonprofit said, because the planned sale to Shell, Chevron and others would have treated the Gulf of Mexico as a "sacrifice zone of fossil fuels available for extraction."

  • September 26, 2022

    DC Judge Pares Back CFPB's Trump-Era Mortgage Data Rule

    A D.C. federal judge on Friday rejected as "arbitrary" a U.S. Consumer Financial Protection Bureau rule made during the Trump administration that increased the number of banks exempt from reporting home mortgage data.

  • September 26, 2022

    Real Estate Rumors: Target, Bond Vet, Allen Schwartz

    Target is reportedly leasing space on South Vermont Avenue in Los Angeles, Bond Vet is said to be taking 5,121 square feet in New York, and Allen Schwartz has reportedly sold a Los Angeles mansion for $16 million.

  • September 26, 2022

    Hike In NJ Casino Payments Shouldn't Be Paused, Court Told

    A nonprofit organization has called on a New Jersey state judge to reject the state's bid to pause his ruling invalidating a state law amendment that cut the annual payments Atlantic City casinos make to local government entities, arguing that collecting the extra funds may prove difficult if the decision is put on hold.

  • September 26, 2022

    Ga. Judge OKs Fee Award In Atlanta Real Estate Feud

    A Georgia state judge ordered an Atlanta-based real estate developer to pay his former business partner $129,590 in attorney fees on Monday after being found liable for making hundreds of thousands of dollars worth of unauthorized payments to himself out of the company's coffers.

  • September 26, 2022

    Oglala Sioux Tribe Seeks DC Circ. Redo In Mine Permit Row

    The Oglala Sioux Tribe has urged the full D.C. Circuit to rethink a panel ruling backing the Nuclear Regulatory Commission's decision to grant a uranium extraction license for ore beds in South Dakota, saying the agency improperly relied on its own procedures to skirt a necessary environmental review.

  • September 26, 2022

    Offit Kurman Launches Enviro Practice With NJ-Based Atty

    Offit Kurman announced Monday that it has launched a new environmental and sustainability practice group, spearheaded by the hire of practice chair Matthew Karmel, a principal who joined the firm's East Hanover, New Jersey, office earlier this month from Riker Danzig Scherer Hyland & Perretti LLP.

Expert Analysis

  • Law Firm Inclusion Efforts Often Overlook Business Staff

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    Law firms committed to a culture of universal inclusion can take steps to foster a sense of belonging in their business services teams, says Jennifer Johnson at Calibrate Consulting.

  • San Diego Arena Provides Case Study Of Surplus Land Act

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    A San Diego municipal sports arena property, which recently obtained approval from the California Department of Housing and Community Development, provides a valuable lesson regarding compliance with Surplus Land Act requirements, and the delays that can otherwise ensue, says Elinor Eizdi at Nossaman.

  • An Associate's Guide To Rebounding After A Layoff

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    Law firm associates laid off due to economic conditions can recuperate and move forward by practicing self-care, identifying key skills to leverage during the job search, engaging in self-reflection and more, say Kate Sheikh at Major Lindsey and wellness consultant Jarrett Green.

  • AML Regulation Of Lawyers Is Imminent And Controversial

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    The U.S. House of Representatives' recently passed National Defense Authorization Act subjects lawyers engaged in certain financial-related activities to anti-money laundering regulation under the Bank Secrecy Act, which could pit lawyers against clients in ways harmful to the rule of law and administration of justice, says Jeremy Glicksman at the Nassau County District Attorney’s Office in New York.

  • Fla. Evidence Code Update Lowers Burden For Image Use

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    Florida's recent evidence code change permits judicial notice of images and certain other graphics, a hugely meaningful development for litigants across a wide range of practice areas, though the effect will likely be immediately felt in property insurance cases, say Eve Cann and David Levin at Baker Donelson.

  • How New FCC Rule Will Improve Telecom Options For Tenants

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    A new Federal Communications Commission rule that takes effect Sept. 26 will give American tenants newfound access to competitive telecom services, promote consumer choice and help alleviate the anti-competitive effects of revenue sharing agreements, say John Reardon and Emily Edwards at Kutak Rock.

  • How COVID Has Changed Project Development And Finance

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    Two and a half years into the pandemic, some COVID-19-specific provisions are now common in the project development and finance markets, while others are still undergoing negotiation, say Nate Galer and Katy McNeil at Mayer Brown.

  • Key Adaptations For Law Firms Amid Quiet Quitting Movement

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    While quiet quitting may not be sustainable at law firms with billable hour requirements, there are specific steps law firms should take to maintain engagement and otherwise respond to the trend's underlying message that associates won't spend all their waking hours at work if they don't feel it's worthwhile, says Meredith Kahan at Whiteford Taylor.

  • Creating A Hybrid Work Policy? Be Intentional And Inclusive

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    The pandemic has changed expectations for the future of work forever, and as more employees demand hybrid working options, law firms must develop policies and models that are intentional, inclusive and iterative to lead the industry into the future, says Manar Morales at the Diversity & Flexibility Alliance.

  • How Fintech Cos. May Transform Real Estate Investment

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    Fintech companies have begun to meet challenges to real estate investment with innovations that will drive new transactions, but they will need to provide traditional investors with more information about individual properties and communities, say Joseph Bizub and David Reiss at Brooklyn Law School, and Justin Peralta at IBM.

  • A Law Firm's Guide To Humane Layoffs As Recession Looms

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    Amid warnings of a global recession, law firms should prepare for the possibility of associate layoffs, aiming for an empathetic approach and avoiding common mistakes that make the emotional impact on departing attorneys worse, say Jarrett Green, a wellness consultant, and Kate Reder Sheikh at Major Lindsey & Africa.

  • Pot Cos. Can Rely On State Law For Bankruptcy Safeguards

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    Until marijuana is legalized federally, Bankruptcy Code protections will continue to be unavailable to many cannabis and related companies, meaning businesses should be structured to take advantage of state law protections, say Heidi Urness and Timothy Byrd Jr. at McGlinchey Stafford.

  • 8 Military Consumer Protection Tips For Finance Cos.

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    A holistic Servicemembers Civil Relief Act compliance management system is crucial for keeping financial services companies out of hot water, especially after recent federal agency actions sent a stark reminder that they expect institutions to maintain robust controls, says Akeela White at Hinshaw & Culbertson.

  • Puerto Rico Bankruptcy Ruling Spells Takings Inconsistency

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    The First Circuit’s ruling in the Puerto Rico restructuring case that takings claims cannot be impaired in bankruptcy establishes inconsistent treatment of takings claims among appellate courts and raises an important constitutional question, which could lead the matter to the U.S. Supreme Court, say attorneys at Dechert.

  • What AML Bill Could Mean For Firms, Funds And FinCEN

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    If passed, an amendment within Congress’ annual defense bill would expand the list of institutions subject to anti-money laundering regulations, from law firms to investment funds, creating potential rulemaking and enforcement challenges for the Financial Crimes Enforcement Network, say attorneys at Arnold & Porter.

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