Real Estate

  • November 25, 2020

    Kansas Can't Block DOI's OK Of Gambling On Tribe's Land

    A Kansas federal judge has rejected a bid by the state and the Iowa Tribe of Kansas and Nebraska to block a U.S. Department of the Interior decision to allow gambling on Wyandotte Nation of Oklahoma trust land, saying they hadn't shown the agency improperly relied on an earlier court ruling.

  • November 25, 2020

    Pryor Cashman Guides SBE In $300M AccorHotels Takeover

    Pryor Cashman LLP has represented SBE Entertainment Group in AccorHotels' $300 million cash purchase of the hospitality company's remaining 50% interest, completing the Paris-based hotel giant's takeover that began with its 2018 purchase of a 50% stake in SBE's luxury hotel brands.

  • November 25, 2020

    Real Estate Rumors: LibreMax, Mattos Family, Morgan Stanley

    LibreMax Capital is reportedly hoping to sell a $78.6 million New York loan it made earlier this year, the Mattos family has reportedly paid $20.45 million for a Florida retail property and Morgan Stanley is said to have provided $180 million in CMBS financing for a New York office property.

  • November 25, 2020

    Texas Tries Again To Undo $29M Verdict Over Highway Project

    Texas' government asked the state Supreme Court on Tuesday to review an appeals court's approval of a $29 million verdict for a developer who claimed that a highway project and related land condemnation tanked the value of the developer's residential project site, saying the ruling was incorrect.

  • November 25, 2020

    Manhattan DA Takes Manafort Case To NY's Highest Court

    Manhattan District Attorney Cyrus Vance is moving forward with appealing the dismissal of state fraud charges against former Trump campaign chairman Paul Manafort to New York's highest court, after two lower courts agreed the indictment should be dismissed on double jeopardy grounds.

  • November 25, 2020

    2nd Circ. Affirms Tribal Land Win For Oneida Indian Nation

    The Second Circuit has affirmed a lower court's ruling in favor of the Oneida Indian Nation of central New York, agreeing that a member of the tribe unlawfully claimed 19.6 acres of land as a trust for himself and his family.

  • November 25, 2020

    Cannabis Developer To Pay SEC $192K Penalty In Fraud Suit

    A California federal judge ordered a businessman to pay over $192,000 to settle U.S. Securities and Exchange Commission claims that he was involved in a scheme that bilked more than 400 investors out of $25.5 million to ostensibly finance two marijuana-related businesses.

  • November 25, 2020

    NYC Marshals Carry Out First Evictions Since Pandemic Onset

    New York City marshals have begun executing the very first legal residential evictions since the coronavirus pandemic shuttered courts across the state in March, city officials confirmed to Law360, with one Brooklyn family evicted this week.

  • November 25, 2020

    Michigan Reaches Deal With Tribe Over Casino Land Fight

    The state of Michigan and a Native American tribe have agreed to toss a Michigan federal court suit over a proposed casino on land bought with trust funds, saying the deal ends a decadelong court battle that threatened to go on for at least several more years.

  • November 24, 2020

    Attys In 5Pointz Graffiti Destruction Case Net $2M In Fees

    A New York City real estate developer that destroyed a famed graffiti space known as 5Pointz has agreed to pay attorneys at Eisenberg & Baum LLP, who are representing the artists behind the space, more than $2 million in attorney fees, according to a joint stipulation filed Tuesday.

  • November 24, 2020

    San Bernardino Settles Retaliatory Prosecution Suit For $65M

    The California county of San Bernardino will pay Colonies Partners LP $65 million to end the development firm's federal court suit accusing the county of the retaliatory investigation and malicious prosecution of a co-managing partner at the firm, the parties announced Tuesday.

  • November 24, 2020

    NJ Judge Reprimanded For Hearing Her Landlord's Cases

    A New Jersey municipal judge has been publicly reprimanded by the state's high court after admitting last year to violating judicial ethics rules by not recusing herself in cases involving an attorney who was her office landlord.

  • November 24, 2020

    States, Cities Seek Demise Of Trump's Narrowed Water Rule

    A group of states on Monday asked a federal judge to scrap the Trump administration's rule narrowing the scope of the Clean Water Act's jurisdiction, saying the government failed to study how excluding many previously protected waters would harm water quality and step on states' rights.

  • November 24, 2020

    Texas Mall Accuses Simon Of Monopolizing Retailers

    A south Texas shopping center owner has requested a state court's help in preventing landlord Simon Property Group, which recently acquired J.C. Penney's operating assets, from using allegedly anti-competitive behavior to restrict retail locations and close the mall's J.C. Penney store.

  • November 24, 2020

    DOI Wins Toss Of Navajo Casino Road Suit

    An Arizona federal judge has tossed a case claiming the Navajo Nation was not given enough time to challenge the Department of the Interior's decision to approve trust land for the Hopi Tribe that included the only public access to a Navajo casino.

  • November 24, 2020

    Real Estate Rumors: Lennar, Goldman Properties, Greenberg

    Lennar has reportedly paid $29 million for 43.7 acres in Florida, Goldman Properties is said to have dropped $5.2 million on two Miami properties, and investor Scott Greenberg is reportedly hoping to build a Chicago arena where as many as 80 people could gather to play virtual reality games.

  • November 24, 2020

    Clarion Buys 1.9M-Square-Foot Industrial Portfolio

    Clarion Partners has purchased a roughly 1.9 million-square-foot logistics portfolio in North Carolina from Beacon Partners, according to an announcement Tuesday from Beacon's broker Jones Lang LaSalle.

  • November 24, 2020

    Entra Rejects $3.34B Takeover Offer, Mulling Alternate Bid

    Norwegian office property manager Entra has rejected a takeover offer from Swedish real estate firm SBB worth 30 billion Norwegian crowns ($3.34 billion), saying it is instead considering a separate takeover offer made by an undisclosed bidder.

  • November 23, 2020

    9th Circ. Says Client Can't Sue Ariz. Firm In Company's Stead

    A Ninth Circuit panel tossed a legal malpractice suit against an Arizona law firm, backing a district court's determination that a sole shareholder of a dissolved financial company does not have the right to bring such claims.

  • November 23, 2020

    DC Circ. Mulls Gov't Power In Rancher Fight Over Tribal Water

    The D.C. Circuit is set to decide if a group of Oregon ranchers can challenge the U.S. Bureau of Indian Affairs' enforcement of tribal water rights in their area, and the case may come down to whether the panel is convinced that the government must co-sign tribal calls for enforcement.

  • November 23, 2020

    IRS Nixes Purpose-Or-Use Test In Final Like-Kind Rules

    The Internal Revenue Service will not subject property to a purpose-or-use test when determining like-kind exchange eligibility, the agency clarified Monday in final like-kind exchange regulations, thus undoing a provision previously included in proposed rules. 

  • November 23, 2020

    Calif. Panel Upholds Ban On Farm's Unpermitted Pot Biz

    A California cannabis farm can't escape a temporary court order shutting down its operations, a California state appeals court ruled, siding with neighbors who claim the operators are illegally growing pot and holding tastings and tours without permits.

  • November 23, 2020

    Real Estate Rumors: O'Reilly Auto, GlenLine, GME Alliance

    O'Reilly Auto Parts has reportedly sold a Florida warehouse for $11.65 million, GlenLine Investments is said to have paid $8.4 million for a Maryland industrial property, and GME Alliance is reportedly hoping to build 475 apartment units in Fort Lauderdale, Florida.

  • November 23, 2020

    Judge Backs Sanctions For AWOL EB-5 Fraud Suit Defendant

    A Florida federal judge recommended Monday that a son should follow in his father's footsteps by being sanctioned with the striking of his pleadings and a default judgment for violating court orders and abandoning his defense in a suit accusing him of aiding a $50 million EB-5 investment fraud.

  • November 23, 2020

    UK Logistics REIT Prices $332M Green Bond Issuance

    U.K. real estate investment trust Tritax Big Box on Monday priced a £250 million (about $332 million) green bond issuance, which will finance logistics properties and projects that meet a range of sustainability criteria.

Expert Analysis

  • NY Contract Litigation Indicates Limits Of COVID-19 Defenses

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    Although there has not yet been a decision on the merits, a wave of COVID-19 litigation concerning force majeure, impossibility and frustration of purpose in New York indicates that using pandemic-related excuses to avoid contractual obligations may be limited, says Seth Kruglak at Norton Rose.

  • Ethics Reminders As Employees Move To Or From Gov't

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    Many organizations are making plans for executives to go into government jobs, or for government officials to join a private sector team, but they must understand the many ethics rules that can put a damper on just how valuable the former employee or new hire can be, say Scott Thomas and Jennifer Carrier at Blank Rome.

  • A Key To Helping Clients Make Better Decisions During Crisis

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    As the pandemic brings a variety of legal stresses for businesses, lawyers must understand the emotional dynamic of a crisis and the particular energy it produces to effectively fulfill their role as advisers, say Meredith Parfet and Aaron Solomon at Ravenyard Group.

  • Ethics Considerations For Law Firms Implementing AI

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    Richard Finkelman and Yihua Astle at Berkeley Research Group discuss the ethical and bias concerns law firms must address when implementing artificial intelligence-powered applications for recruiting, conflict identification and client counseling.

  • What Calif.'s New Consumer Debt Law Means For Collectors

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    Brett Watson at Cozen O’Connor explains what California's recently enacted Debt Collection Licensing Act means for debt collectors, including how they should prepare to comply, how the act interacts with existing state laws, and whether to expect forthcoming enforcement actions.

  • Picking The Right Location And Tools For Virtual Courtrooms

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    Attorneys should consider the pros and cons of participating in virtual court proceedings from home versus their law firm offices, and whether they have the right audio, video and team communication tools for their particular setup, say attorneys at Arnold & Porter.

  • Beware Atty Ethics Rules When Reporting COVID-19 Fraud

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    Attorneys considering blowing the whistle on False Claims Act violations by recipients of COVID-19 relief may face a number of ethical constraints on their ability to disclose client information and file qui tam actions, say Breon Peace and Jennifer Kennedy Park at Cleary.

  • Looking For Judicial Activists? Check The Footnotes

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    U.S. Supreme Court nominees typically face intense questioning over potential judicial activism, but a better way to gauge judges' activist tendencies may be to look at the footnotes in their opinions, say Christopher Collier at Hawkins Parnell and Michael Arndt at Rohan Law.

  • Best Practices For Legal Technology Adoption

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    The pandemic has accelerated the need to improve the practice of law through technology, but law firms and in-house legal departments must first ensure they have employee buy-in and well-defined processes for new digital tools, say Dan Broderick at BlackBoiler and Daryl Shetterly at Orrick.

  • Valuation Uncertainty Could Prompt Increased Litigation

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    The COVID-19 pandemic has increased volatility around forward-looking cash flows and discount rates, which may lead to more business valuation disputes, particularly in the M&A and bankruptcy litigation contexts, say analysts at Cornerstone Research.

  • The Pandemic's Long-Term Impact On Law Firm Operations

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    Brian Burlant at Major Lindsey looks at how pandemic-era remote work has changed the way law firms operate — from shifts in secretarial functions to associate professional development — and explains why some alterations may be here to stay.

  • Opinion

    Lack Of Access To Remote Court Proceedings Is Inexcusable

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    Blanket rules that bar recording or dissemination of remote public court proceedings impede presumptive common law and First Amendment right of access, greatly expand courts' powers over nonparties, and likely run afoul of U.S. Supreme Court precedent, says Matthew Schafer at ViacomCBS.

  • Anticipating CFPB Changes Under The Biden Administration

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    Joe Biden's presidential win and the U.S. Supreme Court's decision in Seila Law earlier this year may foretell a significant change in focus and tenacity at the Consumer Financial Protection Bureau, but as long as the U.S. Senate remains Republican-controlled, the likelihood of substantial structural change remains limited, say attorneys at Debevoise.

  • Ala. High Court Ruling Jeopardizes Tax Sales Held In Court

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    The Alabama Supreme Court’s recent refusal to reconsider its decision in Stiff v. Equivest Financial — that a tax sale occurring inside the courthouse, and not on the front steps, was void — gives taxpayers ammunition to invalidate an untold number of tax sales across the state, say attorneys at Nelson Mullins.

  • Opinion

    Why Attacks On Trump's Election Lawyers Are Problematic

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    The vilification of Jones Day and Porter Wright for their involvement in President Donald Trump's election lawsuits is an attack on lawyers' duty to advocate for their clients' causes fearlessly and zealously within the bounds of the law, says Pierce O'Donnell at Greenberg Glusker.

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