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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.