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Real Estate

  • January 22, 2019

    Trial Court To Review Miami Developer's Juror Bribery Claim

    A prominent Miami real estate developer's explosive allegations that another developer bribed a juror to secure a $1.5 million verdict in previous litigation over their joint ownership of a private jet belongs in the original trial court, a judge ruled at a hearing Tuesday in Miami.

  • January 22, 2019

    Real Estate Rumors: SL Green, Related, Georgetown

    SL Green could fetch $1 billion with the sale of a Manhattan tower, Related Group has reportedly bought a Florida development site from an Apollo Global Real Estate Management venture, and Georgetown Co. is said to have landed $410 million in commercial mortgage-backed securities financing for a New York property.

  • January 22, 2019

    Another Former Wilmington Trust Officer Gets Prison Time

    Former Wilmington Trust Corp. executive Joseph Terranova was sentenced Tuesday to 21 months in prison by a Delaware federal judge, the seventh of the bank’s former officers to get prison time for his role in a securities fraud scheme in which bad loans were hidden from regulators and investors.

  • January 22, 2019

    NYC Real Estate Week In Review

    Herrick Feinstein LLP, Goldberg Weprin Finkel Goldstein LLP and Troutman Sanders LLP were among more than a dozen law firms that steered the largest New York City real estate deals that hit public records last week, a group of transactions that spanned four boroughs.

  • January 22, 2019

    High Court Won't Hear NY Builder’s Fee Refund Case

    The U.S. Supreme Court on Tuesday declined to hear a suit by building company Pulte Homes asserting the Second Circuit had wrongly determined its bid to recover $749,000 in land development fees from a New York town was untimely.

  • January 22, 2019

    HFF Inks $171.5M Refinancing For Ohio Mixed-Use Project

    Holliday Fenoglio Fowler LP on Tuesday said it helped secure $171.5 million in refinancing from real estate investment firm Square Mile Capital Management LLC for a mixed-use project that comprises roughly 750,000 square feet of retail, residential and office space in a suburb of Cleveland.

  • January 22, 2019

    High Court Passes On Pipeline Eminent Domain Fight

    The U.S. Supreme Court on Tuesday refused to review a Fourth Circuit decision that it didn't have jurisdiction to consider a constitutional challenge to the Federal Energy Regulatory Commission's eminent domain authority from owners of land in the path of the $4.6 billion Mountain Valley natural gas pipeline.

  • January 22, 2019

    NJ Justices Won't Hear $2.7M Jersey City Tax Ruling

    The New Jersey Supreme Court won’t review a lower appeals court’s decision that Jersey City must refund $2 million in prepayments it demanded from developers in advance of tax abatements but can keep $710,700 it collected for affordable housing contributions.

  • January 18, 2019

    GAO Calls Fannie, Freddie Reform Proposals Shortsighted

    Federal plans to release Fannie Mae and Freddie Mac from conservatorship have been too shortsighted about the implications of restructuring housing finance, the Government Accountability Office said in a report released Friday.

  • January 18, 2019

    Nationstar Asks Fla. High Court To Revisit Attys' Fees Case

    Nationstar Mortgage asked the Florida Supreme Court for clarification Friday on its recent reversal of a precedent-setting appeals court decision that said a mortgage holder could not invoke an attorneys' fees provision after prevailing in a foreclosure suit because the noteholder failed to establish standing.

  • January 18, 2019

    Mueller Disputes BuzzFeed Report Trump Told Cohen To Lie

    In a rare public statement on Friday, Special Counsel Robert Mueller’s office challenged a BuzzFeed News report suggesting President Donald Trump had directed his lawyer Michael Cohen to lie to Congress about Russia-related matters.

  • January 18, 2019

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen former Rabobank trader Anthony Conti sue his old employer, ArcelorMittal take Essar’s investment manager to court months after acquiring its steel business, and the managing director of AlixPartners sue a prominent Irish businessman and a British property tycoon. Here, Law360 looks at those and other new claims in the U.K.

  • January 18, 2019

    Real Estate Rumors: Lennar, Baptist Health, Bridge

    Lennar has reportedly paid $17 million for a Miami development site, Baptist Health South Florida is said to have bought a former Toys R Us store for $15.8 million, and Bridge Development Partners has reportedly dropped $68 million on a Los Angeles warehouse complex.

  • January 18, 2019

    NY Court Widens Path For 'Consequential Damage' Claims

    A New York appeals court has eased the standard for policyholders to maintain claims for “consequential damages” allegedly caused by a recalcitrant insurer’s conduct, reviving on Thursday a Manhattan apartment building owner’s bid to recover such damages from an AIG unit.  

  • January 18, 2019

    Milbank Aids Tricky $325M Buy, 2018's Top NJ Office Deal

    A Garrison Investment Group LP venture recently bought most of the Gateway Center in Newark, New Jersey, for $325 million, and Milbank Tweed Hadley & McCloy LLP helped the private equity shop navigate a series of condo association, loan default and timing issues in sealing 2018's largest New Jersey office deal.

  • January 18, 2019

    Final IRS Pass-Through Deduction Rules Snub Team Owners

    The Internal Revenue Service rejected pleas from the Major League Baseball commissioner and others to allow sports franchise owners to qualify for a new 20 percent tax deduction for pass-through businesses, under final regulations released Friday.

  • January 18, 2019

    Klövern Buys Swedish Office Building For $70M

    Stockholm-based real estate developer Klövern said Friday that it has agreed to buy an eight-story building with 201,285 square feet of leasable office space for SEK 633 million ($70.1 million).

  • January 17, 2019

    NJ Atty Ducks Malpractice Suit Over Real Estate Proceeds

    A New Jersey state appeals court on Thursday refused to revive a malpractice action against an attorney over claims he mishandled proceeds from a real estate sale that were meant to pay off a mortgage, rejecting the buyer’s argument that a trial court improperly instructed jurors who ultimately sided with the lawyer.

  • January 17, 2019

    'Dark Overlord' Hack Another Cautionary Tale For Law Firms

    A hacking group calling itself "The Dark Overlord" has released a cache of confidential files it says it stole from a law firm involved in litigation stemming from the 9/11 attacks, and is now offering more sensitive documents to the highest bidder in the latest frightening example of how the legal industry is a prime target for cyberattacks.

  • January 17, 2019

    Union Pacific Owes For Cleanup, Former Property Owner Says

    A former owner who spent $1.5 million cleaning up an 18-acre property in Wisconsin that was contaminated with lead and an oil byproduct asked a federal court to hold Union Pacific Railroad Co. at least partially responsible for the costs, arguing its predecessor caused the problem.

Expert Analysis

  • Opinion

    Courts Are Getting It Right On Litigation Funding Discovery

    Matthew Harrison

    Earlier this month, a California federal court denied discovery into the identification of third-party funders with a financial interest in the outcome of an underlying patent infringement action. This decision in MLC v. Micron follows a long line of well-reasoned precedent across U.S. federal courts, say Matthew Harrison and Sarah Jacobson of Bentham IMF.

  • How To Navigate US Real Estate After CFIUS Expansion

    Peter Mair

    Despite the recently expanded powers of the Committee on Foreign Investment in the United States, foreign investors will find attractive opportunities to invest in U.S. real estate. However, they should structure their transactions in a way that mitigates execution risk, says Peter Mair of Skadden Arps Slate Meagher & Flom LLP.

  • Settlement Counsel Key For Efficient Mass Tort Resolution

    J. Stephen Bennett

    Team-based specialization in mass tort litigation defense allows each member to draw on individual strengths, maximizing their contribution. A core tenet of this approach is using settlement counsel to focus on strategic initiatives and end-game resolution efforts, separate from the heated battle lines of the litigation, say attorneys at Faegre Baker Daniels.

  • Diversity's Next Step: Developing Minority Partners

    Chris King.jpg

    The lack of minority partners comes at a high cost to firms, say attorneys at Lightfoot Franklin & White LLC, as they suggest several practical ways to tackle this problem.

  • Arbitrators And Mediators Should Reflect Society's Diversity

    James Jenkins

    Alternative dispute resolution providers have made great strides toward diversity, but recent statistics show there is still work to be done. There are certain steps ADR providers can take to actively recruit more women and minority candidates to serve as arbitrators and mediators, says James Jenkins of the American Arbitration Association.

  • Why AFAs Are Key To The Future Of Legal Practice

    Kelly Eisenlohr-Moul

    Alternative fee agreements can help align law firm and client interests, increase efficiency and eliminate corporate extortion, among other benefits. They are the best thing to happen to the practice of law in decades, says Kelly Eisenlohr-Moul at Dinsmore & Shohl LLP.

  • Series

    Judging A Book: Barron Reviews 'The Clamor Of Lawyers'

    Judge David Barron

    Can lawyers lead a revolution? According to "The Clamor of Lawyers: The American Revolution and Crisis in the Legal Profession" — a slim but elegant volume by Peter Charles Hoffer and Williamjames Hull Hoffer — they can and they did, says First Circuit Judge David Barron.

  • Constitutional Challenges To Pipeline Takings Face Obstacles

    Clay Massey

    In a petition to the U.S. Supreme Court, the plaintiffs in Berkley v. Mountain Valley Pipeline claim the Natural Gas Act does not preclude district court review of constitutional objections to the law. However, their arguments are at odds with Supreme Court precedent, says Clay Massey of Alston & Bird LLP.

  • Facing The Challenges Of Eminent Domain Proceedings

    Jack Sperber

    In the event that a property is subjected to eminent domain proceedings, it's necessary to prepare for not only potential litigation with a government entity, but also a possible second set of litigation problems when a landlord and tenant cannot agree on compensation, says Jack Sperber of Faegre Baker Daniels LLP.

  • Pa. Properties With Billboards Could See Bigger Tax Bills

    Kevin Boyle

    In the Chester-Upland School District matter, decided last month, the Commonwealth Court of Pennsylvania opened the door for taxing authorities to increase property assessments on parcels containing billboards based on the revenue such billboards may generate, say Kevin Boyle and Tyler Mullen of Stradley Ronon Stevens & Young LLP.