Real Estate Archive » May, 2012

Real Estate - May, 2012

302 articles

• REIT Shareholders Frustrated As Exec Pay Surpasses Returns
• Cellini Loses Acquittal Bid In Extortion Case
• SunTrust Mortgage Pays $21M Over Race Bias Claims
• Freddie Mac Sues Deutsche Bank Arm Over MBS Warranties
• Investors Duck Fraud Claims In $100M Pa. Real Estate Row
• Embattled $150M Plan For Calif. Trailer Grounds Delayed Again
• CFPB Pushes Mortgage Rule Deadline To Year's End
• NY's Abacus Bank Charged With Mortgage Fraud
• Gibson Aids Marriott In $210M Buy Of Gaylord Hotel Rights
• RLJ Lodging Trust Spends $146.5M To Pick Up NY, DC Hotels
• Harmon Aids SL Green In $135M Manhattan Mixed-Use Deal
• Wells Fargo's $7.5M Deal Ends Discriminatory Lending Suit
• Mortgage Database Co. Slams Del. AG's Foreclosure Suit
• Canadian REIT Pays $79M For Eco-Friendly Ariz. Office
• CIM Makes LA, NYC Sales As It Zeroes In On Tower Financing
• Calif. City Council Approves Facebook Campus Expansion
• National Fuel Settles With BP Over NJ Cleanup
• Brookfield Moves To Raise $5B With 8 New Funds
• Allentown, Not Pa., Should Be Sued Over Arena Funding: Gov.
• NY Rep Calls For End To Force-Placed Insurance 'Kickbacks'
• Sonnenschein Sues NY Church, Developer Over Unpaid Fees
• Resolving The Circuit Split On Credit Bidding
• REIT Can't Duck Arbitration Over $75M Loan, Developer Says
• Kennedys, Partners Unveil $1B Chicago River Complex
• Hill Farrer Adds LA Real Estate Pro With Civic Ties
• Whistleblower Takes Home $14.5M In BofA Mortgage Deal
• Extell Revives $1B Office Tower Near NYC's Hudson Yards
• Solow Puts East NYC Development Site Up For Sale
• KUD, Austin Planetarium Back $240M Mixed-Use Project
• Covington & Burling Sign Up For New DC HQ
• Project Financing In Iraq: Weighing The Risks
• BankAtlantic Can't Sink SEC Claims It Hid Loan Troubles
• ResCap Wants Ex-Officers, Affiliates Spared From MBS Suits
• Stalled LA Development Gets Boost From Kaiser Purchase
• AR Capital Secures $300M In Financing To Boost REITs
• NJ High Court To Weigh Railroad's Eminent Domain Power
• Yuexiu Makes $1.4B Deal To Sell Chinese Skyscraper Into REIT
• High Court Backs Lenders' Power To Credit Bid In Ch. 11
• Breaking The 'Mold': NYC Landlords' Exposure Liability
• Dewey & LeBoeuf Files For Bankruptcy
• JPMorgan Unit Faces $293M Suit Over MBS Loan Buyback Deal
• Class Says JPMorgan Made Them Buy Excessive Flood Coverage
• WaMu Noteholders Still Want In On $10B Deutsche Bank Suit
• Freddie Mac Can't Duck Suit Over Subprime Exposure
• IStar Seeks Sanctions In $134M RE Contract Fight
• 2nd Circ. Keeps Alive UN Wall Collapse Suit Against Namibia
• Weil Reps Lehman On $1.6B Archstone Stake Buy
• BofA Told To Turn Over Even More Docs To MBIA
• Would-Be NYC Condo Owners Head To Ch. 11
• Freeman V. Quicken — A Warning To The CFPB
• BofA Puts NJ Office Complex Up For Sale
• Vegas Developer Fights $5M Boies Schiller Fee
• Engel Pays $290M To Buy Back Senior Housing Portfolio
• NYC Landmarks Commission Puts Off Vote On Tribeca Condo
• Developers Win Lease For $1B Miami Mixed-Use Project
• High Court Refuses To Expand RESPA In Mortgage Fee Row
• Nossaman Snags Real Estate Partner For LA Office
• NY Legislature Acts To Ease Home Partnerships' Tax Fights
• Ventas, Kindred Strike Lease Deal Worth At Least $280M
• Jeopardized By Cherryland: Bankruptcy Remote Financings
• Cox Guides CalSTRS In $800M LCOR, Lehman Real Estate Deal
• AIG Claims Pared In $10.5B Countrywide RMBS Suit
• HSBC, Edge Fund Snap Up Downtown Manhattan Tower
• JPMorgan, Goldman, Others Targeted In $1.8B MBS Suit
• Developer Wants Consultant To Pay For Botched $1B Mall Suit
• NJ Panel Advances Bill Speeding Class Cert. Appeals
• Defunct Carlyle Fund Pushes To Toss Shareholder Suit
• NYC Rent Laws Trap Landlords In J-51 Program, Atty Says
• Court Must Decide If Sept. 11 Was 'Act Of War': 2nd Circ.
• Crowell & Moring Settles 3 Suits Over Ex-RE Atty's Theft
• NRDC Calls Enviro Report For $1B LA Stadium Incomplete
• Allen & Overy Adds Haynes RE Finance Partner In NY
• Facing Greater Fraudulent Transfer Liability
• Hundreds Of Proposed Parties Barred From DBSI Ponzi Suit
• Judge Shelves $94M Condo Project Loan Fight For Now
• Investor Trumps Ex-Troutman Atty In $100M Loan Contract Suit
• 5th Circ. Reopens Suit Over Texas Beachfront Land Seizure
• US Bank Fights Windsor Intervention In $188M Loan Suit
• Best Practices For Corporate Social Responsibility
• Barnes & Thornburg Snags Former Enfinity General Counsel
• Calif. Trailer Park Tenants Fight $150M Development
• Fulbright Helps BC Lynd Snag Historic Texas Hotel
• Accor Checks Out Of Motel 6 With $2B Sale To Blackstone
• FINRA Fines Citigroup $3.5M Over Bad Subprime Data
• 6th Circ. Says Sinkhole Fill Violates Conservation Easement
• 2 NYC Luxury Hotels Check In To Prepack Ch. 11
• Flagstar Accused Of Reinsurance Kickback Scheme
• Paul Hastings Picks Up O'Melveny M&A Ace In Shanghai
• NM Development Guarantor Owes Barclays $47M: Referee
• FDIC Seeks $77M From Big Banks In 2 RMBS Suits
• UCLA's Controversial Sale Of Japanese Garden Moves Ahead
• NY Borrowers Overcharged $500M For Insurance, Expert Says
• Judge Trims SEC Suit Against Ex-IndyMac Execs
• NYC Settles Challenge To $350M Waterfront Project
• Dukes Might Not Kill Countrywide Workers' Class, Judge Says
• Simon Property Shareholders Nix $121.5M Exec Salary Plan
• Credit Suisse Shuts Down €6B German Property Fund
• NY Fed's $1.7B Maiden Lane Auction Back On Track
• Citigroup Gets NY Real Estate Mogul's Suit Stamped Out
• Federal Attack On Calif. Mortgage Overhaul Spurs Debate
• NY Fed Reserve Postpones $1.7B Maiden Lane Auction
• NYC Recruiting Co. Lured By $30-Per-SF Office Space
• Okla. Indian Tribe Ordered To Hold Off On Building Casino
• WaMu Noteholders Can't Weigh In On $10B Deutsche Bank Suit
• Quarles & Brady Reels In Real Estate Pro From SNR Denton
• Estranged Ex-Shareholder Gets 2nd Shot At Wynn Resorts Docs
• Developer Had No Duty To Reveal Bomb Site, 11th Circ. Rules
• Citigroup Directors Escape CDO Derivative Suit
• Lawmakers Seek To Block FHFA Foreclosure Sell-Off In Calif.
• Jailed Tax Preparer Ran $35M Ponzi Scheme, NY AG Claims
• Kelley Drye Adds Cox Castle Real Estate, Private Equity Pro
• Silver Legacy Casino Pushes Chips Into Ch. 11
• LaSalle Hotel Closes On $177.5M Term Loan
• 2nd Circ. Lets Citigroup Appeal Time Limits In CDO Suits
• Calif. Court Revives Landowner's $2M Eminent Domain Suit
• Baker Reps Ukraine Developer On $202M Kiev Projects Sale
• 3 Firms Find New Homes In Boston's Seaport District
• Wayne Newton Accused Of Wrecking Own Museum Project
• Wis. Seeks OK To Pay $3.2B In Ambac MBS-Related Claims
• McCarthy Reps Bentall In $396M Vancouver Tower Buyback
• NYC Nixes $3B Willets Point Plan For Related, Sterling Deal
• REIT Sues Real Estate Firm Over $2M Hotel Deposit
• Allergan Sets Up NJ Base With 93K-Square-Foot Lease
• Seeking Clarity On Credit Bidding
• Area, CC Residential Team Up On Fla. Apartment Projects
• Firm Wants Travelers Sanctioned Over Bid To Replace Counsel
• Freddie Mac Mortgage Insurance Claims 'Illogical,' MGIC Says
• MoFo Snags Mortgage Expert From BofA In Washington
• German Bank Slams Barclays With $133M MBS Suit
• CalPERS' $500M Tech Property Fund Eyes Data Centers, Labs
• REIT Taxes Would Be Curbed Under New House Proposal
• Lloyd's Says It Won't Pay Tab For Allied's Fraud Defense
• Keys To Co-Lending Agreements In Commercial RE
• Aecom Shakes Negligence Claims In Toxic Housing Suit
• Ariz. Gov. Vetoes Bill Demanding Release Of Federal Land
• Retailer Sues New School Over Construction Of $353M Project
• K&L Gates Adds RE, Corporate Partners In Moscow
• Ivanhoe Puts Up $300M To Get 45-Story Chicago Tower Built
• Freshfields Counsels Cerberus In German Apartment Co. Buy
• Tishman Seeks 2nd Circ. Knockout Of 7 WTC Liability Suit
• 4th Circ. Won't Knock Down Real Estate Listing Antitrust Suits
• Assured Guaranty Sues GMAC, Ally Over $56M Losses
• 11th Circ. Backs Broad Fraudulent-Transfer Liability
• ResCap To Cease Funding $1.7B In Home Equity Credit Lines
• 4 Tips For Navigating Brownfield Redevelopment Issues
• Hudson Offers Up Stock To Back $179M Calif. Office Buys
• IKB Sues BofA Over $250M In Soured RMBS Sales
• SEC, Citi Rip Rakoff In Bid To Restore $285M MBS Settlement
• Buchanan Ingersoll Lures Back RE Finance Pro From PNC
• San Francisco Lots In Play As Office Market Heats Up
• NY Senate Panel OKs Eminent Domain Reform Proposal
• Golden Eagle Escapes $29M Wrongful Death Coverage Suit
• NY Retail Family Buys $1B Slice Of Onassis Tower
• The Big, Green Apple: NYC's New Zoning Amendment
• Calif. Assembly OKs Bill To Help Short Sellers Duck Foreclosure
• UBS' $6B MBS Row With FHFA Gets 2013 Trial Date
• Gaia, Starwood Invest $22.5M In Multifamily Portfolio
• BofA Urges Judge To Dismiss AIG's $10B RMBS Suit
• Brooklyn Rezoning Stands Despite Group's Enviro Concerns
• Goodwin Picks Up Linklaters' Real Estate Group Co-Head
• Impacts Of New ADA Standards For Accessible Design
• Ally Puts ResCap Rumors To Rest With Prepack Ch. 11
• Travelers' Delay Dooms Bid To Control Centex Defense
• Tribe's Lawyer, Others Indicted In Casino Kickback Scheme
• Law Firm Can't Escape Dispute Over Wall St. Lease
• $131M Fla. Resort Project Struggles For Funding
• Judge Sides With Hilton In MSR Property Management Row
• SEC Probes Inland American REIT Over Fees, Payouts
• HFBE Oversees $1B Merger Of 2 Residential Real Estate Cos.
• Calif. Court Limits Coastal Commission Reach Over City Regs
• USC's $900M Expansion Project Clears LA Planning Panel
• NY High-Rise Owner Drops Subway Suits, Proposes Compromise
• Chicago Developer Says Law Firm Mishandled Condo Docs
• The Latest FCPA Target: Private Fund Advisers
• REO To Rental: A New Paradigm For The US Housing Sector
• Judge Rules A&P Can Keep NJ Storefront Dark
• Deutsche To Pay $202M In FCA Case Over FHA-Backed Loans
• Calif. Foreclosure Bills To Implement $18B Bank Deal
• Boston Office Building Nets $40M In City's Booming Market
• Bankrupt NJ Developer Sues Partner Over 'Invalid' Deed
• Wells Fargo Gets Loan Deception Claims Trimmed
• BioMed REIT Lands $92M Tenant For Empty Cambridge Lab
• Mayer Brown Adds Latham CMBS Attorney To NY Office
• Mass. High Court Rejects Cape Wind Farm Challenge
• CFPB Proposes Regulations To Limit Mortgage Fees
• How To Negotiate Rights Of 1st Offers
• Where Rubber Hits Road: Examples Of Alternative Fees
• KBS Hid Poor Health Of $1.7B REIT, Investors Say
• Ohio REIT Enters Hollywood With Apt. Building Plans
• NY Tower Developer Wins Approval For Bankruptcy Exit Plan
• Empire State Building Owners Amend $1B IPO Tax Terms
• Calif. Court Shuts Down CEQA Suit Over Rented-Out Campus
• Oaktree, Woodridge Seal $200M Buy Of Historic SF Hotel
• NYC Building's $80M Upgrade Didn't Break Lease, Court Says
• SEC Says Ex-Detroit Mayor Got Gifts For Pension Fund Votes
• Goldman Sachs Can Collect $3M For Renewing NYC Lease
• Chinese Developer Inks $2B Project Deal With Abu Dhabi Fund
• $2.7B Quarter Prompts Fannie To Spurn Treasury Funding
• Sweden's Niam Closes Record €719M Nordic Property Fund
• SNR Denton Aids Pernod Ricard On Manhattan HQ Lease
• UDAAP May Interfere With 'Ability-To-Repay' Under TILA
• Fast-Track Rules Set Key Precedent For CEQA Cases
• MetLife Subpoenaed By HUD Over Federally Insured Loans
• 2nd Circ. Nixes Contractors' Suit Over NYC Labor Pacts
• Simon Property Challenges Betsey Johnson's Liquidation Sales
• Investors Can Peer Into $8.5B BofA Settlement Negotiations
• Brooklyn Tenants Claim Developer Illegally Hiked Rent
• NY Appeals Court Reopens $1B Meadowlands Loan Suit
• Greenberg Lures Quarles Litigator To Phoenix Office
• Banks Say Ohio Prosecutor Can't Sue Them As Class
• Judge Links Lawsuits Aimed At $850M In Bad BofA MBS
• Proskauer Adds Ex-DLA Piper REIT Expert To NY Office
• 8 Embassy Suites Can't Dodge US Bank's $188M Loan Suit
• Loeb & Loeb Nabs Real Estate Finance Duo From Bryan Cave
• NY Lawmakers Act To Tighten Mortgage Licensing Loophole
• Green Building Rating System Has Gaps, Experts Testify
• HUD Secretary Backs 4 New Responses To Housing Crisis
• Wells Fargo Says DOJ Targeting Mortgage Origination Biz
• Grand Canyon Developer Takes Tribal Court Order To 9th Circ.
• BofA Kicks Off Mortgage Write-Downs As Part Of $25B Pact
• Trouble Brewing For EB-5 Investment Immigration
• Mortgage Insurers Can't Dodge JPMorgan Kickback Suit
• KB Home Hits K&L Gates With $9.4M Malpractice Suit
• Ford & Harrison Hangs On In Fidelity Class Fight
• Treasury Says It Would Back Bankruptcy Plan For ResCap
• XL Appeals Coverage Of $26M False Claims Settlement
• Investors Denied $435M MBS Claim In WaMu Bankruptcy
• NYU Seeks State's OK For $1B Medical Pavilion
• Gloria Estefan's Hotel Co. Wins $6.7M In Insurance Feud
• Chelsea Hotel Landlord, Tenants Reach Repair Deal
• JPMorgan Can't Escape Syncora's $404M MBS Suit
• Foreclosure Rental Plan Not A Fit Nationwide, FHFA Says
• $5B Atlantic Yards Development Must Find New Parking Plan
• Pursuing Defaulting Tenants — Careful What You Wish For
• Texas Funeral Co. Sues Law Firm Over Botched Asset Sale
• Citigroup Wins Round In $7M MBS Suit Against Impac
• Ala. Bill Aims To Speed Up Property Title Clearances
• Developer Closes In On $112.5M Stake In NYC Properties
• Westchester Breached $60M Fair Housing Obligation, Judge Says
• Barton Still Applies To Bankruptcy Trustees, 3rd Circ. Says
• Chicago's Landmark Protection Law Upheld Once More
• Judge Tells BofA Attys In MBS Suit To 'Grow Up,' Stop Delays
• Goodwin Guides Alcion In SF Office Venture With TMG
• Paul Hastings Helps Tan-Eu Land 1M-Square-Foot Beijing Site
• EBay Joins NYC Tech Boom With New Midtown Lease
• UBS Can't Derail Suit Over $6B In Bad Fannie, Freddie MBS
• Husch Blackwell Adds Polsinelli Shughart Finance Partner
• NJ Court Nixes Golf Course Owner's Town Zoning Challenge
• Centerbridge Unit Snaps Up Ski Resort Time-Share Property
• BofA Hands $250M Tower To REIT In TPG-Backed Deal
• Law360 Names Top Female Trial Attorneys
• Subtenant Not Entitled To Relief For Property Fixes: NY Court
• Property Owners Lose When 'Occupiers' Win
• TIAA Wants $100M Suit Over Stalled DC Project Thrown Out
• BayernLB Targets Merrill Lynch Over $324M In Toxic RMBS
• NY Judge Trims CIFG's $275M Suit Against Goldman Sachs
• Rockwood, Four Corners Ink $90M Silicon Valley Office Deal
• JPMorgan's Bad RMBS Sales Hurt Investors, Suit Says
• Hard Rock Condotel Owners' Disclosure Suit Whittled Down
• Beazer To Build REIT For Single-Family Rental Homes
• Investor Sues Patterson Belknap For Dad's RE Grab Attempt
• Anti-Blight Portion Of Calif. Mortgage Bills Wins OK
• Pulte Avoids Revival Of NJ Development Battle
• Groups Fear Obama Order Sends Excessive Power Overseas
• HLSS Holdings Pays $104M For Subprime Portfolio
• NY Firm Sells Affinia Chicago Hotel To Calif. Investment Co.
• WaMu Liquidator Fights Investors' $435M Claim In MBS Suit
• First Ohio Casino License Goes To Rock Ohio Caesars
• DOJ V. GFI Mortgage — The End Of Discretionary Pricing?
• Mutual Funds Hit Morgan Stanley With $122M MBS Suit
• Predictive Coding — Putting The Cart Before The Horse
• Sunstone Scoops Up $88M Chicago Hotel From Blackstone
• UPS Beats NJ Town's Bid To Toss Tax Bill Challenge
• Drinker Biddle To Sublease 2 Floors Of Chicago Office
• SmithAmundsen Snags 2 New Partners From Gallop, Lashly
• Blackstone-Owned RE Co. Leases 30K SF In Midtown East
• Davidoff Malito Renews Lease On Manhattan Office
• Domino Sugar Project's $125M Refinancing Wins OK
• Getty Realty Takes Back 787 Gas Stations
• Wynn's Embattled $2.5B Macau Casino Gets Green Light
• Investors Drop Subprime Suit Against Countrywide
• Judge OKs $6M Deal In State Street Mutual Fund Suit
• Future Sales Not Covered In Land Sales Act, 4th Circ. Says
• Tishman Raises $190M In 1st All-Chinese Real Estate Fund
• Struggling Dubai Shipbuilder Joins Underwater Hotel Project
• House GOP Backs FHFA Delay On Principal Reductions
• Case Study: In Re Northstar Development
• Inside The CFPB Proposed Rules For Mortgage Servicers
• GMAC Insurance Scheme Bilked Homeowners, Suit Claims
• Calif. Short Sellers One Step Closer To Avoiding Foreclosure
• Okla. Multifamily Complex Goes For $77M In Record Sale
• Big Biz Hails Obama's Order To Align International Regs
• FHFA Chief Denies Hiding Info On Mortgage Principal Cuts
• John Hancock Pays $102M For 41-Story Chicago Tower
• 8 Epstein Real Estate Attorneys Move To LeClairRyan
• Ex-Freddie CEO Says SEC Trying To Make Him 'Scapegoat'
• Kodak's Naming Rights To Theater Go To Dolby
• BofA Slams Bid To Group Cases Over $2B Casino Financing
• Vegas Hotel Lures $300M In Debt Despite Low Ratings
• Toys 'R' Us Says It Overpaid $10M For Times Square Store
• Another Exec Joins Wave Of Exits From Fannie, Freddie
• New Incentives For UK Property Investment