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Real Estate

  • August 16, 2018

    Real Estate Rumors: HNA Group, Avenir, Traina Cos.

    HNA Group is in talks to sell its majority stake in a New York tower in a deal that could value the property at $452 million, Avenir has reportedly picked up a Florida apartment complex for $58.75 million and Traina Cos. has reportedly picked up a Florida office building for $5 million.

  • August 16, 2018

    LaSalle Gets CA$350M Boost To Canadian Real Estate Fund

    LaSalle Investment Management said on Thursday that its open-ended Canadian real estate fund has closed on CA$350 million ($265.8 million) to add to its seed portfolio that launched at the end of 2017.

  • August 16, 2018

    JPMorgan Lends $138M For Miami Condo Tower Project

    JPMorgan Chase Bank NA has loaned $138.1 million to Two Roads Development for a Miami luxury condo tower project, according to an announcement on Thursday from Walker & Dunlop Inc., which arranged the financing.

  • August 16, 2018

    A Chat With Ogletree Knowledge Chief Patrick DiDomenico

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Patrick DiDomenico, chief knowledge officer at Ogletree Deakins Nash Smoak & Stewart PC.

  • August 15, 2018

    In Closing, Manafort Defense Says Gov't Is 'Desperate'

    Attorneys for former Trump campaign chairman Paul Manafort threw their final punches Wednesday in an effort to knock down the government’s tax and bank fraud case against him in Virginia federal court, painting cooperating witness Rick Gates as a serial liar and slamming the prosecution as “desperate” during closing arguments.

  • August 15, 2018

    Appeals Court Stops Contempt Proceedings Against 2 Attys

    A Florida appeals court on Wednesday barred a trial court from continuing indirect criminal contempt proceedings for two attorneys for lender Ditech Financial LLC for violating a discovery order in a foreclosure suit, finding there was no evidence the lawyers had advised the company to violate the order.

  • August 15, 2018

    Bear Stearns Bankruptcy Suit Win Upheld By District Court

    A bankruptcy court finding that Bear Stearns & Co. Inc. acted in good faith when it repurchased securities from former debtor HomeBanc Mortgage Corp. in 2007 was upheld Tuesday when a Delaware federal judge said the lower court did not misapply the law or make errors of fact.

  • August 15, 2018

    Fla. Court OKs Jury Instructions In Hurricane Repair Row

    A Florida appellate court on Wednesday affirmed a trial court’s jury instructions and evidentiary rulings in a trial between two condo associations and an insurance agent over a construction bond needed to repair hurricane damage, rebuffing the associations’ argument that the trial court cost them a larger verdict.

  • August 15, 2018

    Mintz Levin Snags Ex-Jeffer Mangels Enviro Pro In Calif.

    Mintz Levin Cohn Ferris Glovsky and Popeo PC strengthened its San Francisco office with the hire of a former Jeffer Mangels Butler & Mitchell LLP attorney who will bring to the firm his experience in dealing with California’s prevailing wage statute in addition to environmental and land use law.

  • August 15, 2018

    Challenge To Beckham's Miami Stadium Referendum Tossed

    Soccer legend David Beckham's proposal to build a $1 billion soccer stadium, retail-office complex and public park on city-owned land in Miami survived an initial legal challenge Wednesday, as a state judge dismissed a challenge to a referendum asking voters to amend the city charter to allow negotiations.

  • August 15, 2018

    House Dems Lose Bid For GSA Trump Hotel Docs

    A D.C. federal judge dismissed a suit brought by members of the House Oversight Committee against the U.S. General Services Administration over withholding documents related to the Trump Organization’s contentious hotel lease for the Old Post Office building in Washington, D.C.

  • August 15, 2018

    Minn. High Court Nixes City's Development Infrastructure Fees

    The Minnesota Supreme Court said Wednesday that a Twin Cities suburb could not impose a $1.4 million charge for roadway infrastructure in relation to a proposed residential community, saying the city lacks the authority to charge fees for road construction or improvement related to the future subdivision and development of the area.

  • August 15, 2018

    BofA Seeks High Court Review Of 9th Circ. Preemption Ruling

    Bank of America on Tuesday asked the U.S. Supreme Court to review the Ninth Circuit's ruling that the National Bank Act doesn't preempt a California state mortgage escrow interest law, arguing that the ruling is incorrect and creates “significant uncertainty” about whether other state banking laws apply to national banks.

  • August 15, 2018

    Housing Agency Must Face New Yorkers' Suit Over Lead Paint

    The New York City Housing Authority, Mayor Bill de Blasio and other city officials must face allegations that they flouted federal housing law by failing to inspect or fix lead paint in public housing, but not claims that they violated the residents' constitutional rights, a New York federal judge has ruled.

  • August 15, 2018

    Pipeline Operator Seeks Easements For $220M Project

    Spire STL Pipeline LLC filed a complaint in Illinois federal court against various property owners and mortgage holders on Wednesday, asking the court to grant it easements to allow construction on its 65-mile natural gas pipeline for the St. Louis market that is expected to cost $220 million.

  • August 15, 2018

    9th Circ. Seeks Wash. Justices' Help In Ferry Liability Row

    The Ninth Circuit on Tuesday asked the Washington State Supreme Court for help determining whether the Port of Bellingham or its lessee, a ferry operator, is liable for a worker’s injury on the leased property that resulted in a jury awarding $16 million to the worker.

  • August 15, 2018

    American Realty Investors Still Face $63M Judgment

    Jilted creditors seeking to collect on a $63 million judgment against an American Realty Investors Inc. affiliate received a mixed-bag ruling on Tuesday, as a Texas federal judge tossed some of their fraudulent transfer and alter ego claims but kept others intact ahead of a likely trial.

  • August 15, 2018

    Morrison Cohen Guides $66M NYC Loan To Somerset Group

    Morrison & Cohen LLP represented Stratford Capital Partners LLC in connection with its $66 million loan to Somerset Group for two office and retail buildings on Lexington Avenue in Manhattan, according to records made public in New York on Wednesday.

  • August 15, 2018

    Ex-NBA Player Aims To Sink NJ Conviction In Ponzi Scheme

    A former NBA player has called on a New Jersey federal court to throw out his conviction and nine-year prison sentence for bilking real estate investors out of more than $2 million in a Ponzi scheme, citing allegedly ineffective legal assistance by his former attorney and purportedly false testimony by government witnesses.

  • August 15, 2018

    Real Estate Rumors: Lewis Swezy, Ford Motor Credit, WeWork

    Developer Lewis Swezy has reportedly landed $36 million in financing for a Miami apartment complex, Ford Motor Credit is said to have loaned $14.48 million for a Lincoln dealership project in Miami, and WeWork is reportedly leasing nearly 70,000 square feet in New York.

Expert Analysis

  • How FIRRMA Will Change National Security Reviews: Part 1

    Jeffrey Bialos

    The Foreign Investment Risk Review Modernization Act empowers the U.S. government to review a far broader group of transactions than ever before to determine if they threaten national security. FIRRMA's expansive new coverage includes oversight of real estate investments and transfers of "emerging and foundational technologies," say Jeffrey Bialos and Mark Herlach of Eversheds Sutherland LLP.

  • Time To Update Prop 65 Warnings For Residential Rentals

    Andrea Sumits

    The ubiquitous Proposition 65 warning signs posted throughout apartment communities in California may soon become a thing of the past. Under a new draft rule that is being finalized, safe harbor warnings for residential rental properties will be found in lease agreements rather than on posted signs, says Andrea Sumits of Environmental General Counsel LLP.

  • Unclear Which Way Wind Blows After Reversal Of Alta Wind

    Julie Marion

    The Federal Circuit recently reversed the U.S. Court of Federal Claims decision in Alta Wind v. United States, finding the trial court's method of valuing the wind farm properties did not accurately represent their fair market value. The decision was unclear, however, about how the lower court should determine the value on remand, leaving the renewable energy industry with a number of questions, say attorneys at Latham & Watkins LLP.

  • Using Ex Parte Seizures Abroad To Obtain IP Evidence

    Nicholas J. Boyle

    Practitioners should know how to use foreign search and seizure law to secure evidence of wrongdoing that can be introduced in U.S. intellectual property lawsuits. A recent copyright case, CoStar Group v. Xceligent, illustrates the benefits of invoking these ex parte provisions, say Nicholas J. Boyle and C. Bryan Wilson of Williams & Connolly LLP.

  • Interview Essentials For Attorneys On The Move

    Eileen Decker

    Across the country this fall, recent law school graduates, law firm associates and experienced professionals will interview for positions in private practice and government service. Sharing tips on how to stand out in this high-pressure, hypercompetitive process are Eileen Decker, former U.S. attorney for the Central District of California, and Keith Jacoby, co-chairman of Littler Mendelson PC’s class action practice group.

  • Roundup

    Clerking For Ginsburg

    Clerking For Ginsburg

    Justice Ruth Bader Ginsburg joined the U.S. Supreme Court 25 years ago and is not planning to retire anytime soon — she has hired clerks through 2020. What's it like to assist Justice Ginsburg? In this series, former clerks reflect on the experience.

  • Series

    Clerking For Ginsburg: 3 Surprises

    David Post

    It had never occurred to me that judges don’t always love the way their appellate cousins review their work and tell them — in public — all the things they got wrong. I was frequently struck by Justice Ruth Bader Ginsburg’s acute awareness of the delicacy of this relationship, says attorney David Post.

  • Series

    Clerking For Ginsburg: A Superhero Supreme

    Burden Walker

    As a clerk for Justice Ruth Bader Ginsburg, my job was to mirror my boss’ views and values in everything I did. Years later, I find that I am still striving to live up to the values Justice Ginsburg instilled in me, as both a lawyer and a spouse, says Burden Walker, an assistant U.S. attorney for the District of Maryland.

  • 2 Strikes And You’re Out: The Litvak Saga Comes To An End

    Joon Kim

    The U.S. Attorney’s Office for the District of Connecticut, following reversals of two prior convictions, has moved to dismiss its remaining securities fraud claim against bond trader Jesse Litvak. While it can be difficult to prove misstatements are material as a matter of law, the government's move is certainly not a death knell for similarly grounded fraud charges, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.

  • Fixing The 'Funk' Of Delinquent Loan Holders In Md.

    Laurence Platt

    Relying in part on the definition of “doing business" in the 100-year-old Funk & Wagnalls dictionary, the Maryland Court of Appeals recently ruled on the licensing of Delaware statutory trusts and foreclosure proceedings on delinquent residential mortgage loans. The decision should end the confusion surrounding the ability of a state trust to foreclose in Maryland, say attorneys with Mayer Brown LLP.