Real Estate

  • May 23, 2018

    Texas Atty Sued Over Client Conflict In Permian Land Deal

    A crude oil transportation company has accused a Dallas attorney of hiding a conflict of interest when she agreed to represent the company in a Permian Basin real estate deal and of sharing its confidential information with another client who later sued the company.

  • May 23, 2018

    What Attys Need To Know About The Evolving CFIUS Bill

    Lawmakers are busy adjusting proposed legislation that aims to modernize the Committee on Foreign Investment in the United States, editing language that covers issues like intellectual property transfers, judicial reviews and proximity in real estate transactions. Here, Law360 reviews what lawyers need to know about how the potential changes could alter the CFIUS process.

  • May 23, 2018

    Crestline Forms $300M Fund With Eye On Hotel Acquisitions

    Crestline Hotels & Resorts LLC, which manages hotels for publicly traded real estate investment trusts, private equity investors and single-asset owners and foundations, has launched a $300 million fund that will acquire hotels and invest in properties alongside strategic capital partners, according to a Wednesday statement.

  • May 23, 2018

    Atty Conflict Sends NJ Tax Break Dispute Back To Court

    The New Jersey Appellate Division on Wednesday ruled that a trial court must review the fairness of a tax break Orange Township granted for an affordable housing project, given that a conflict of interest was posed by a law firm’s representation of both the municipality and the developer.

  • May 23, 2018

    Gov't Asks Justices To Take Up Tribal Hunting Rights Case

    The federal government urged the U.S. Supreme Court on Tuesday to hear a Crow tribe member's challenge to his conviction for illegal hunting on federal land in Wyoming, saying the tribe's hunting rights under an 1868 treaty endured through Wyoming's statehood and that the creation of the Bighorn National Forest didn't mean the hunting right was lost.

  • May 23, 2018

    Real Estate Co. Boosts Portfolio With $382M Senior Living Buy

    California-based real estate development company MBK Real Estate LLC said Wednesday that it has agreed to buy nine senior living properties and their operations from West Living LLC for $382 million.

  • May 23, 2018

    Constangy Brooks Atty Escapes Sanctions In Timeshare Suit

    A Florida federal magistrate judge on Wednesday said a former marketing executive and his attorney accused of interfering with a timeshare development company’s contracts would not be sanctioned for allegedly delaying the case and discovery.

  • May 23, 2018

    Mass. Loan Officer Gets 6 Mos. For Short-Selling Homes

    A Massachusetts loan officer on Wednesday was sentenced by a federal judge to six months behind bars after admitting to taking part in what prosecutors dubbed a "sweeping conspiracy" to defraud banks and mortgage companies by short-selling houses.

  • May 23, 2018

    Gilbane GC Monitoring Contracts Amid Steel Tariff Questions

    New tariffs on steel from certain countries are creating uncertainty in the construction industry regarding which of various parties involved in contracts would bear the responsibility for increased costs should prices rise, and that's causing companies to closely examine their contracts, Gilbane Building Co. General Counsel Brad Gordon told Law360 in a recent wide-ranging interview.

  • May 22, 2018

    Investment Firm Wants To Split $580M Dallas Pension Fight

    Investment consulting firm The Townsend Group LLC has accused the Dallas Police and Fire Pension System of “transparent gamesmanship” in its lawsuit alleging the pension fund lost $580 million due to bad real estate investment advice, and wants the Texas Supreme Court to split up the case.

  • May 22, 2018

    Homeowners Say JPMorgan Forecloses Without Proper Notice

    A class action bumped up to federal court on Tuesday claimed JPMorgan Chase & Co. has foreclosed on “hundreds” of houses after homeowners missed three mortgage payments without attempting to confer with the owners as required by federal regulation.

  • May 22, 2018

    Woodbridge Settles SEC Claims In $1.2B Investment Scheme

    The U.S. Securities and Exchange Commission has agreed to settle allegations against a slew of unregistered Florida-based funds called the Woodbridge Group of Cos. LLC, which the agency claimed were used in an alleged $1.2 billion scheme that duped more than 8,400 investors.

  • May 22, 2018

    JPMorgan Brass Beat Derivative Suit Over Bank's RMBS Biz

    A shareholder derivative suit accusing a number of JPMorgan directors of having failed to properly oversee the bank’s subprime residential mortgage-backed securities business in the run-up to the financial crisis is too similar to another already-dismissed case to proceed, a New York federal judge said Monday.

  • May 22, 2018

    5th Circ. Tosses Houston Residents’ Suit Over Flooding

    A group of Houston residents can’t revive claims that a city tax reinvestment zone led to street and drainage projects in their area that caused their homes to flood during periods of heavy rainfall, the Fifth Circuit held Tuesday.

  • May 22, 2018

    Hedge Fund Owner, Hotel Developer Resolve $2M Fraud Suit

    A hedge fund owner awaiting sentencing on related criminal charges has resolved civil claims in New Jersey federal court that he duped a hotel developer into giving him an almost $2 million investment — about half of which, he testified at trial, he thought he was permitted to spend on a residential mortgage for himself.

  • May 22, 2018

    Ohio Justices Say Lowe’s $8.8M Appraisal Needs Redoing

    The Ohio Supreme Court on Tuesday vacated a state Board of Tax Appeals decision that affirmed a county appraiser’s $8.8 million valuation of a Lowe’s Inc. property, saying the board must re-evaluate the appraiser’s report using newly established case law.

  • May 22, 2018

    Convicted Judge Says Mortgage Fraud Case On Shaky Ground

    An Illinois state judge convicted earlier this year in a $1.4 million mortgage fraud scheme appeared in court on Tuesday to reset the date of her sentencing while she argues that the government had not proved she intended to commit fraud.

  • May 22, 2018

    NJ Mortgage Officer Gets 18 Months For $6M Fraud Scheme

    A New Jersey federal judge on Tuesday imposed an 18-month prison sentence on a man for his role in a $6 million mortgage scheme that led to several property loan defaults and exposed public and private lenders to millions of dollars in potential losses, U.S. Attorney Craig Carpenito announced.

  • May 22, 2018

    REIT, Investment Manager Form JV To Revamp Calif. Mall

    New York-based real estate investment trust Seritage Growth Properties and real estate investment manager Invesco Real Estate said on Tuesday that they have formed a joint venture partnership to own and reconfigure an area of Westfield UTC mall in La Jolla, California, that the transaction values at $165 million.

  • May 22, 2018

    Kirkland & Ellis Adds MoFo Investment Funds Partner

    Kirkland & Ellis LLP said it has hired a Morrison & Foerster LLP partner who served as co-chairman of its private equity fund group and helped launch multiple multibillion-dollar investment funds.

Expert Analysis

  • 3 Ways FERC Could Increase Pipeline Review Transparency

    Barbara Jost

    The Federal Energy Regulatory Commission recently solicited public comments on whether to revise its policies governing approval of new natural gas pipelines. This may not ultimately result in significant revisions to pipeline approval procedures. But a few simple changes could enhance public confidence in pipeline siting, says Barbara Jost of Davis Wright Tremaine LLP.

  • NY Unincorporated Biz Tax Proposal Overshoots Its Mark

    Leah Robinson

    The New York State Department of Taxation and Finance just released for comment a draft bill to enact a new unincorporated business tax. While that is a laudable goal, the proposal as currently drafted appears to generate substantially more revenue for the state than the benefit to individual partners would seem to justify, say attorneys at Mayer Brown LLP.

  • Introducing The Legal Industry To Millennial Business Owners

    Yaima Seigley

    ​The current business climate has produced vast opportunities for seasoned lawyers to create valuable connections with millennial business owners, but first lawyers must cleanse their palate of misconceptions regarding millennials, says Yaima Seigley of Isaac Wiles Burkholder & Teetor LLC.

  • Opinion

    Why Won't Judicial Nominees Affirm Brown V. Board Of Ed?

    Franita Tolson

    On May 17, 1954, the U.S. Supreme Court decided Brown v. Board of Education, recognizing a moral and legal truth that should be beyond question in American society. The refusal by some of President Donald Trump's judicial nominees to say whether they believe the case was decided correctly is indicative of the narrow-minded elitism they would bring to the bench, says professor Franita Tolson of the University of Southern California's Gould School of Law.

  • The Lawyers' Guide To Cloud Computing

    Daniel Garrie

    In deciding whether cloud computing is right for the organization or firm, an attorney must consider cloud computing’s significant impact on the electronic discovery process, say Daniel Garrie, managing partner at Law & Forensics LLC, and David Cass, chief information security officer at IBM Cloud.

  • Opinion

    Recovering Lawyers' Lost Position Of Independence

    Samuel Samaro

    In these politically divisive times, many ask whether our institutions and traditions can help us return to a greater consensus. In days long past, the legal profession could have been counted on to serve just such a function. But lawyers are now just as polarized as everyone else, says Samuel Samaro of Pashman Stein Walder Hayden PC.

  • Foiling The Expert Battle In First-Party Property Cases

    Eric Bowers

    Expert witnesses are often crucial to coverage and damages issues in first-party property insurance cases. By using evidentiary rules and case law to challenge the other side's expert opinions, you might just win the war without ever having to engage in a battle of the experts, say Eric Bowers and Victoria Vish of Zelle LLP.

  • 8 Reasons To Take A Fresh Look At Your Law Office Lease

    Tiffany Winne

    After moving into a new law office, tenants often file their signed leases away, figuring that the terms are set for a few years at least. However, leases can be very flexible instruments, and should be reviewed annually even if nothing seems amiss, says Tiffany Winne of Savills Studley Inc.

  • A General Counsel's Tips For Succeeding As A New Associate

    Jason Idilbi

    Based on his experience as a BigLaw associate for six years and now as general counsel for a tech startup, Jason Idilbi of Passport Labs offers some best practices for newer associates — whether they are serving external clients or senior attorneys within their firms.

  • Elbit Settlement Shows Breadth Of FCPA Accounting Rules

    Alice Hsieh

    In March, the U.S. Securities and Exchange Commission announced a settlement with Elbit Imaging Ltd. related to alleged violations of the Foreign Corrupt Practices Act. The lack of confirmation that fees were in fact given to a foreign official is an example of the broad reach of the FCPA's accounting provisions, says Alice Hsieh of Miller & Chevalier Chtd.