Real Estate

  • April 19, 2018

    Margaritaville Developer Dodges Some Investor Claims

    A Louisiana federal court partly granted a restaurant developer's bid to toss a real estate investment firm's $3.4 million suit accusing it of lying about the potential profitability of two new Margaritaville restaurants in New Orleans and Minneapolis, letting the developer off the hook on two claims but keeping the other eight.

  • April 19, 2018

    Climate, Contracts On Table In FERC Pipeline Policy Revamp

    The Federal Energy Regulatory Commission on Thursday formally kicked off a review of its nearly 20-year-old natural gas pipeline approval policy, and commissioners said they're eager to tackle issues including FERC's reliance on developers inking gas shipping contracts and what role climate change should play in evaluating a project's need.

  • April 19, 2018

    CMT Divests Singapore Mall To Joint Venture For $189M

    Real estate investment trust CapitaLand Mall Trust has agreed to sell a Singapore shopping mall for SG$248 million ($189 million) to a joint venture between construction engineering company Lian Beng Group Ltd. and private investment firm Apricot Capital Pte Ltd., the company said on Thursday.

  • April 19, 2018

    Real Estate Rumors: Henley, Tommy Bahama, Atlas Capital

    U.K. private equity shop Henley has reportedly bought two Florida hotels for $15.4 million, Tommy Bahama is said to have renewed its 14,000 square feet of office space in New York and an Atlas Capital venture has reportedly bought a stake in a Long Island City office and retail building in a deal valuing the property at $400 million.

  • April 18, 2018

    CEO Leveraging Under Armour For Personal Gain, Suit Says

    Under Armour Inc.’s CEO Kevin Plank and two of its directors were hit with a shareholder derivative suit in Maryland federal court claiming Plank stands to make a big payday using the sports apparel company as the anchor for a multibillion-dollar Baltimore development project his real estate firm is spearheading.

  • April 18, 2018

    Bon-Ton's Ch. 11 Liquidation Sale Approved By Del. Court

    Bankrupt retailer Bon-Ton Stores Inc. received court approval Wednesday in Delaware for a transaction that will see all of its 256 store locations liquidated in the coming months after failing to receive a going-concern offer that satisfied the court.

  • April 18, 2018

    Monument Expansion Overrides Timber Reserves, Group Says

    A foresters' group has told a Washington, D.C., federal judge that President Barack Obama's proclamation expanding an Oregon national monument was invalid because it included land that had been set aside for permanent forest production in perpetuity by a Depression-era act of Congress.

  • April 18, 2018

    Privilege Can't Halt Depos In Timeshare Co.'s Contract Suit

    A Tennessee federal magistrate judge ordered that witness depositions can move forward in a timeshare company's suit alleging Castle Law Group interferes with its contracts, ruling attorney-client privilege can't stop three former employees of the law firm from being deposed.

  • April 18, 2018

    Girardi Can’t Use Atty-Client Relationship To Nix Class Claims

    A California judge on Wednesday denied Girardi Keese’s bid to strike class claims from a suit seeking an accounting of $120 million in settlements from an oil contamination case, ruling the firm’s attorney-client relationship with the proposed class isn’t grounds for ruling out the possibility of certification.

  • April 18, 2018

    UK's Tritax Big Box REIT Eyes £156M Share Sale

    Tritax Big Box REIT PLC is seeking to raise £155.6 million ($221.04 million) through an offering of new ordinary shares, the U.K. real estate investment trust said Wednesday.

  • April 18, 2018

    Third Time's The Charm For Class In Pipeline Oil Spill Suit

    A California federal judge on Tuesday certified a class of property owners and lessees who sued Plains All American Pipeline LP after a massive 2015 spill befouled the California coast, giving the class a green light after rejecting two previous attempts at certification.

  • April 18, 2018

    Real Estate Rumors: Tishman, Venture X, Acore

    Tishman has reportedly landed $380 million in construction financing for a Brooklyn residential condo project from a lender syndicate that includes Starwood Property Trust, co-working company Venture X is said to be taking 12,500 square feet in West Palm Beach, and Acore Capital has reportedly loaned $43.2 million for a Maryland Westin hotel.

  • April 18, 2018

    PHH Shareholder Sues Over Proposed $360M Sale To Ocwen

    A shareholder in PHH Corp. hit the company and its board of directors with a proposed class action Tuesday in New Jersey federal court alleging the board was misleading investors about a $360 million plan to sell the company to rival mortgage provider Ocwen Financial Corp. and had bungled the sale process.

  • April 18, 2018

    Starwood Closes $7.6B Real Estate Fund, Its Largest Ever

    Starwood Capital Group has closed its largest-ever fund, a real estate-focused fund with more than $7.55 billion in capital commitments, according to an announcement from the firm on Wednesday.

  • April 17, 2018

    Fee Suit Against HomeAway Should Be Trimmed, Judge Says

    A magistrate judge told a Texas federal court Tuesday that HomeAway Inc.’s bid to toss a proposed class action over fees charged to consumers seeking properties on the travel website should be partially granted, agreeing that a revised breach of contract claim is no different from the previous claim the court rejected.

  • April 17, 2018

    Energy Co. Seeks Redo On Pa. Fracking Well Trespass Claims

    Southwestern Energy Co. asked a Pennsylvania appeals court on Monday to rethink a recent decision that hydraulic fracturing by the company could be considered trespassing if it allowed access to natural gas trapped in rock formations beneath a neighboring property.

  • April 17, 2018

    Developer Fumbled $30M Retail Center Renovation, Suit Says

    A Laurus Corp. entity was hit with a New York state court suit Tuesday alleging the developer failed to hold up its side of the bargain in the $30 million facelift of a Los Angeles retail and entertainment center, leaving its partner to shell out millions to pick up the pieces.

  • April 17, 2018

    Real Estate Rumors: CW Realty, KSL Capital, Zom Living

    A CW Realty venture has reportedly sold three Brooklyn residential and retail buildings for $22.5 million, KSL Capital has reportedly bought a Florida Margaritaville resort from a Starwood Capital venture, and Zom Living is said to have scored $92 million in construction financing from Union Labor Life Insurance for a Chicago project.

  • April 17, 2018

    Singapore Residential Development Site Sells For $262M

    A joint venture including Singapore developers Sustained Land Pte. Ltd. and Ho Lee Group Pte. Ltd. has purchased a Singapore residential development site for S$343 million ($261.6 million), according to an announcement on Tuesday from broker Edmund Tie & Co.

  • April 17, 2018

    Wells Fargo Defeats Class Cert. Bid In Royal Park RMBS Suit

    A New York federal judge rejected Royal Park Investments' bid for class certification on Tuesday in its suit accusing Wells Fargo Bank of mismanaging two residential mortgage-backed securitization trusts, taking up a magistrate judge's recommendation that found there were too many differences in the proposed group of investors to warrant a class approach.

Expert Analysis

  • Tax Reform Creates New Opportunities For REITs

    James Godman

    While many analysts expected that federal tax reform would dampen enthusiasm around real estate investment trusts, those concerns have proven to be unfounded. In fact, REITs and their investors should see a net gain overall from the recently adopted tax changes, say attorneys with Kramer Levin Naftalis & Frankel LLP.

  • Best Practices For Building A Better Meeting

    Nicholas Cheolas

    How can we improve meetings in the legal industry, which tends to evolve with the speed of a tranquilized water buffalo mired in quicksand? Breaking it down to three phases can yield significant benefits, says Nicholas Cheolas of Zelle LLP.

  • Guest Feature

    Michael Rubinoff: From Commercial Real Estate To Broadway

    Randy Maniloff

    “Come From Away” sounds like the stuff of a documentary on the Discovery Channel, not singing and dancing on stage. How could a musical tied to the 9/11 terrorist attacks ever get made — and by a real estate lawyer? The show’s producer, Michael Rubinoff, was kind enough to find 30 minutes to tell me, says Randy Maniloff.

  • 5 Ways Law Firms Are Becoming More Like Hotels

    Bella Schiro

    One way law firms differentiate themselves from the competition to attract and retain top talent is through their real estate and workplace strategies. Taking a lead from the hospitality industry can help create a more inviting, welcoming and collaborative workspace environment, says Bella Schiro of Jones Lang LaSalle Inc.

  • A Road Map For Protecting Secured Lender Interests Post-Liu

    Andrew Narod

    After the D.C. Court of Appeals' recent decision in Andrea Liu v. U.S. Bank, secured lenders may find themselves fighting for the validity of their security interests as a result of condo association foreclosures. However, the court has provided some guidance that should give secured lenders some solace, say attorneys with Bradley Arant Boult Cummings LLP.

  • Opinion

    Gorsuch's 1st Year Shows He Is A Conservative Activist

    Elliot Mincberg

    In his first year on the U.S. Supreme Court, Justice Neil Gorsuch has proven to be a narrow-minded elitist who consistently votes in favor of corporations and the powerful, acting to roll back protections for workers, consumers, LGBTQ individuals and other marginalized communities, says Elliot Mincberg of People for the American Way.

  • How PACA And PSA Super Liens Impact Real Estate Sales

    Excerpt from Lexis Practice Advisor
    Spencer Compton

    Real estate practitioners should not underestimate the complexity and time involved in clearing a Perishable Agricultural Commodities Act or Packers and Stockyards Act exception from a loan policy, say Spencer Compton of First American Title Insurance Company and Diane Schottenstein.

  • Opinion

    There Is Middle Ground For US Lawyers On AML Regimes

    Matthew O'Hara

    The American Bar Association continues to oppose legislation that would impose certain European Union and U.K. anti-money laundering requirements on U.S. lawyers. The ABA should further consider its approach to this issue as there is a viable middle ground that protects privileged communications and confidential information while advancing the interests of the legal profession, says Matthew O’Hara of Freeborn & Peters LLP.

  • Why Texas Contractors Should Watch Lon Smith V. Key

    Brett Wallingford

    Many Texas contractors offer to handle insurance claims for their homeowner customers, but the Texas Supreme Court is currently considering whether to hear an appeal of a case that could deem such actions illegal, rendering their contracts void and unenforceable, says Brett Wallingford of Zelle LLP.

  • Finance-Savvy Millennials Are Shifting Business Of Law

    Michael Perlich

    The impact of millennials has already been felt within the legal community by our eagerness to embrace new technologies. One way that we will have potentially even more impact lies in our willingness to embrace new ways of developing business and financing law, says Michael Perich of Burford Capital LLC.