Real Estate Archive » February, 2013

Real Estate - February, 2013

333 articles

• 5th Circ. Backs Continental Win Over Late Direct-Action Claim
• Miami Beach Project Plans Raise Questions On Cost, Traffic
• NY Probing BofA Over Mortgage Securities
• $1B Warriors Stadium Plan Blasted Over Enviro Concerns
• CFPB Casts Wide Net In Enforcement Shift
• Ex-BofA Exec Says She's Scapegoat In $1B Fraud Suit
• Beth Israel Stalled NYC Whole Foods, $100M Suit Says
• Austin Delays Vote On Proposed Development Code Change
• Camp Bowie Empowers Debtors In Ch. 11 Confirmation
• Army Corps Dodges Suit Over CWA Policy Injunction
• HIG Awarded $4M In PE Cos.' Suit Over $41M Foreclosure
• Hines Buys Archstone Out In $700M CityCenterDC Project
• $112M SoHo Property Deal Targeted In 2nd Contract Suit
• 13 Banks Finalize $9B Foreclosure Relief Package
• JPMorgan Can't Dodge Suit Over Alleged RMBS Misconduct
• First Horizon Can't Dodge Reinsurance Kickback Suit
• Shopping Center Giant Kimco Snared In Wal-Mart FCPA Probe
• The Most Unlikely Financial Crisis Fall Guy
• 6 Areas Often Underestimated In Law Firm Mergers
• Texas Sen. Moves To Phase Out Homeowner Insurance Pools
• Sandy Fallout Rages On With New Rent-Discount Suits
• Miami Condo Project's $160M Loan Sparks Cautious Optimism
• Corvex, Related Raise REIT Bid To $2.2B While Suing Board
• Asset Sale Doesn't Kill FDIC's Receiver Powers, 8th Circ. Says
• Insurer Can't Shake $100M Weather Damage Coverage Suit
• US Needs Plan For Unloading Excess Buildings, Reps. Hear
• Fight Over Chicago's $563M Garage Lease To Move Ahead
• Atlantic Yards Foes Demand Return To 10-Year Project Plan
• NJ Bill Would Loosen Local Restrictions On Flood Elevations
• Hospitality Trust Snags $200M Refi For Hilton Hotels
• NJ High Court Grills Attys On Verbal Mediation Deal
• Paul Hastings Reps GI Partners In Calif. Data Center Buy
• Town Wrongly Blocked Housing Conversion: NJ Appeals Court
• Bryan Cave Adds NY Development Pro From Troutman
• Herrick Feinstein Must Face Claims Over Bad Zoning Advice
• Credit Suisse RMBS Fraud Suit Sent To State Court
• Miami Beach Panel Delays Decision On Mixed-Use Project
• AIG's Suit Against NY Fed Temporarily Halted
• Builder Couldn't Prove Lennar Stole Floor Plans: 4th Circ.
• NY Pols Eye Fixes As Sandy Flood Leads To Claim Denials
• Wagner & Jones Blasts Fidelity's DQ Bid In Wage Case
• FAA Doesn't Preempt Md. Law In Toll Bros. Suit: 4th Circ.
• 9th Circ. Backs Oyster Farm in Lease Fight With Interior
• Developer Doesn't Qualify For Tort Coverage, 11th Circ. Says
• Shareholders OK Alterra-Markel, American Realty Mergers
• Newark Ends NJ Devils Arena Row With Revenue-Share Deal
• RE Manager, Investor Join To Buy 796-Unit Apartment Complex
• Duval Nabs 2 Veteran Cooley Real Estate Partners In NY
• Bad Faith Law Reaches Liability Policies, Judge Says
• NYC, NYU Told To Show Why Parkland Docs Were Withheld
• Currency Comptroller Defends Settlements With Banks
• $1.65B In Exxon Leak Damages Slashed By Md. High Court
• How Developers Can Score In Suburban Office Markets
• CommonWealth REIT Faces $2B Investor Buyout Threat
• Facebook Wins Nod For 2nd Phase Of Campus Expansion
• Housekeeping: Inside CFPB's Qualified Mortgage Rule
• 11th Circ. Snubs St. Joe Investors' Loss Causation Theory
• Shine Might Be Off Alt Fee Arrangements, GC Survey Shows
• In-House Teams Expand To Keep Pace With More Suits, Probes
• GCs Rate Fixed Fees Best Bang For Their Buck
• Tips For Negotiating Air Rights In NYC
• Orlando Magic Get Buy Option To Redevelop Police HQ Site
• NJ Requests Services For Sandy Insurance Mediation Program
• Wells Fargo Hit With Mortgage Penalties Class Action
• Common Insurance Problems For Foreclosing Mortgagees
• Chicago Title Says Homeowners Must Prove Co. Duped Them
• Miami Beach Hotel Can't Avoid Foreclosure Sale
• Seattle Escapes Suit Over Proposed $490M Waterfront Arena
• NY Tells Insurers To Pay For Mediation Of Sandy Claims
• US Slams States' Dodd-Frank Challenge
• MSR Resort Ch. 11 Plan Approval Triggers Appeal
• Fox Rothschild Lands Real Estate Team From Day Pitney
• Thornburg, BofA Settlement Should Be Public: US Trustee
• NM Inks $24M Deal With Vanderbilt In Pay-To-Play Suit
• Short-Stay Rental Cos. To Face More Litigation
• Oaktree Says Developer Hid Assets With Bahamian Island Buy
• Wayne Newton Killed $20M Museum Conversion Deal, Co. Says
• Texas High Court Lets Oil Royalty Class Cert. Bid Proceed
• NJ Lawmaker Takes 3rd Swing At Affordable Housing Bill
• Castleton Ruling Fortifies 7th Circ. Pro-Creditor Trend
• NY Court Junks Challenge To Wal-Mart Stormwater Plan
• UBS Denies It Tanked MBS To Cause $331M In Losses
• Wal-Mart Picks Up Retail Center In Hot Texas Market
• NYC Council Seeks More Oversight Over Home Elevation Work
• Vornado Nails Down $390M Loan For 666 Fifth Ave. Condo
• Protect Yourself Against Tenant Construction Liens In Fla.
• Landlord Dodges Damages Over Breach Of Tenant Deal
• Banks Fear CFPB Rule Could Spur Fair Lending Fights
• Essex Pays $135M For San Francisco's Fox Plaza Apts.
• Okada Departs Wynn Board A Day Before Shareholder Vote
• $80M O'Hare-Area Apt. Project Gets Chicago Panel's Nod
• Del. Real Estate Developer Pleads Not Guilty To Bank Fraud
• Covington Offers DC Sublease At Bargain Rates
• Wells Fargo Must Face More Fannie Investor Claims: 2nd Circ.
• Texas Lawmaker Aims To Expand Property Rights Protections
• Sandy Spending Safeguards Clear NJ Senate Panel
• Banks Provided $46B In Mortgage Aid, But Complaints Surge
• Fast-Tracking Abandoned Residence Foreclosures In Ill.
• Rockpoint, Highgate Look To Net $650M In NYC Hotel Sale
• DOL Blasts Bankers' Precedent In Loan Officer OT Row
• LA Planners Give Nod To $664M Millennium Hollywood Project
• Murky Language No Way Out For Insurers Fighting Fees
• Baltimore Property Slated For $1B Project Pushed Into Ch. 7
• Wyndham Strikes New Branding Alliance In Germany
• 11th Circ. Backs BofA In Fight Over $1B Vegas Hotel Funding
• Sandy Aid Gaps For NY Co-Ops, Condos Should Spur Reform
• Credit Unions Knew RMBS Risks, JPMorgan Says
• Spec Projects Drive NJ Industrial Building Boom, CBRE Says
• Meadow Accuses Pinnacle Of Meddling With Property Sales
• Fannie, Freddie Knew Of Risks In $27M MBS Buy: Countrywide
• ResCap Fights To Subordinate Insurers' Securities Claims
• Skadden Guides SL Green's $900M Refinancing Of NYC Tower
• LA Four Seasons Owner Unfairly Stalling Project, Suit Says
• WTC Owner Blasts American, United's 9/11 Act Of War Defense
• NY Judge Slams Door On Short-Stay Apartment Rentals
• Troutman Dodges $40M Malpractice Suit Over Mariner Merger
• Powerful NY Teachers Union Calls Tax Cap Unconstitutional
• How EPA Will Clean Things Up In 2013
• Continental Exits Class Action Over 9/11 WTC Damage
• Texas Lawmaker Wants Private Projects Banned Near Capitol
• Orlando OKs $200M Downtown Mixed-Use Development
• Fla. City Immune From Suit Over Real Estate Loan Default
• Shaken Chinese Investors Could Shy From New EB-5 Projects
• NJ Proposes Mixed-Use Plans For Shuttered Army Base
• Tishman, China Vanke To Construct San Fran Condo
• ResCap Sets Aside $12.3M For Ambac's Sale Challenge
• Philly Commission OKs Development Plan For Neighborhoods
• Mercedes, Others Must Pay $136M In Dealership Fraud Suit
• House Dem Questions Fed, OCC On $9.3B Foreclosure Deals
• LA Clippers Owner Gets New Trial Over $17M Apartment Fire
• Chicago To Get $400M Hotel Near Convention Center
• A Snapshot Of 2012 SEC And FINRA Enforcement
• Fidelity Says Misconduct In OT Suit Is Law Firm's 'Style'
• Okada Can't Block Shareholder Vote On Wynn Board Ouster
• Squire Sanders' DC Office Put Up For Sale
• Japan's Orix Offers $2.6B For Rabobank Asset Manager
• Simpson Thacher's Global HQ Put Up On Sale Block
• Mass. Borrowers Can Challenge Mortgage Transfers: 1st Circ.
• Church-To-Condo Makeovers Pose Zoning, Landmark Issues
• $20M Initial Bid For Bankrupt Developer's Beach Hotel Gets OK
• Conspiracy Claims Nixed In Wells Fargo Kickback Actions
• Austin Council Gives Early Nod To Hotel Zaza Project
• Texas High Court Crushes Houston Air-Quality Ordinance
• GCs Name 43 Best-Of-The-Best Attys
• Avant, Essex JV Nabs Rights To $250M San Fran Apt. Tower
• NYCHA Can Evict Tenants Who Hide Income: NY High Court
• Syncora Insists Federal, State JPMorgan MBS Suits Different
• CORRECTED: SNR Denton Not Liable For Filing Error In $7M Citigroup Deal
• GCs Name Cream Of The Crop Litigators
• Struggling Gleacher Finds Buyer For Mortgage Loan Biz
• Pipeline Co. Says Surveyor Gave Rival Secret Route Info
• Office Campus Plans In $4B SF Project Get Panel's OK
• Dynex Must Pay $27M For Breaching Development Loan Deal
• Miami-Dade, Dolphins Officials Press For Stadium Upgrades
• Calif. Court To Weigh Whether Ballot Process Trumps CEQA
• Philly RE Firm Pays $56M For Jacksonville Apt. Complex
• Final Volcker Rule Will Be Simplified, Lawmakers Hear
• US Bank's $100M Suit Over Extended Stay Loan Revived
• NJ Assembly Clears Bills To Monitor Sandy Spending
• Hicks Thomas Enters Dallas By Bringing On Litigation Pro
• Senate Dems Vow To Keep Cordray At Helm Of CFPB
• Ex-Troutman Atty Loses Appeal Over Nursing Home Deals
• Miami's $512M Airport Project Could Hit Turbulence
• FHA Can Avoid Gov't Bailout, Commissioner Testifies
• Obama's Housing Hopes Might Be Too High
• Fla. High Court Leaves Robosigning Crisis Up In The Air
• Mortgage Co. Execs Sued Over Robosigning Defense Fees
• Credit Suisse Fires Back At Union Central MBS Fraud Suit
• Nvidia Plans Major Expansion Of Santa Clara HQ
• MGM Can Regain Borgata Stake, NJ Regulator Says
• Texas, 7 Other States Join Challenge To Dodd-Frank
• Real Estate Mogul Sues Banks For $100M Over Libor-Rigging
• Vornado Gets $203M In Calif. Shopping Center Sale
• Cadwalader Settles $1.6M Claim In Ocala Bankruptcy
• Philly Says $54M Sheriff Sale Claims Too Varied For Cert.
• Invesco, Stonehenge Net $185M In Sale Of NYC's Brill Building
• CFPB Vows To Help Lenders Understand New Mortgage Rules
• Asian Investors To Lead New RE Funding, Survey Says
• Treasury Nominee Lew Says Dodd-Frank Would Be Priority
• A Potentially Superior Way To Secure Lease Obligations
• Obama's State Of The Union Sets Stage For Fiscal Policy Fight
• 7 Resolutions For Legal Industry Marketing In 2013
• $25B Foreclosure Deal Can't Save Wells Fargo From FCA Suit
• Okada Renews Bid To Halt Vote On Wynn Board Ouster
• Fla.'s Citizens Property Insurance Drops Wind-Only Policies
• Fla. Bill Would Speed Up Planning Changes For Cities
• Lehman Nets $800M In NYC Office Building Sale
• SF Mayor Wants More Talks On Condo Conversion Proposal
• Comcast To Pay $18.1B For GE's Stake In NBCU, Offices
• Junior Lienholders And Cross-Collateralized Loans
• Bird Marella Picks Up Ex-Prosecutor For White Collar Team
• San Fran OKs $508M Financing For Expanded Convention Hall
• Pa. House Passes Bill Promoting Greener State Buildings
• Ex-RI Mayor Gets 2 Years For Contract-Bidding Scheme
• Sierra Club Sues To Block Future Tahoe Resort Development
• $1.8M Deal Resolves Claims Over Farer Fersko Bankruptcy
• CenterPoint Inks $83M Deal For Barnes & Noble NJ Center
• Fannie, Freddie Escape Fla. County's Excise Tax Suit
• Senate Banking Panel Open To Dodd-Frank Changes
• 3rd Circ. Blocks Convicted Ex-NJ Mayor's Retrial Request
• NYC Landlord Stuck In J-51 Program After Appeal Rebuffed
• RE Investor Told To Produce Atty Emails In Fraud Suit
• Holland & Knight Continues NY Expansion With 3 Attys
• LA Makes Residential Density Transfer Easier For Developers
• Fannie Mae Force-Placed Insurance Plan Hits Roadblock
• S&P Skewers DOJ Suit But Hints At Settlement Talks
• ResCap Wants Stroock Partner For Chief Restructuring Role
• CFPB Puts Mortgage Servicers On Notice Over Doc Handling
• HUD Housing Bias Rule Aimed At High Court, Not Lenders
• Bankers Urge DC Circ. To Reverse Loan Officers' OT Eligibility
• Bankruptcy Claims Halt Land Auction In $1.2B Md. Project
• Miami Dolphins Agree To $400M Stadium Upgrade Referendum
• Recovery For Manhattan Office Market Uncertain
• Fairfield Nabs 595-Unit Luxury Housing Complex In Houston
• Seyfarth Adds 5 Partners To NY Real Estate Team
• Jones Day Renews Lease In Dallas' Harwood District
• TIAA, Norwegian Fund Form $1.2B US RE Venture
• Enviros Lose Challenge To NJ Stretch of $1.2B Power Line
• Concord, RockBridge Buy Meadowlands Hotel
• Brandywine Sues Verizon Over Stalled $20M Philly Land Sale
• NYC's Quinn Pushes Tax Breaks To Curb Middle-Class Rents
• Brookfield Pays $414M To Snap Up 19 Apt. Communities
• Law360 Real Estate Editorial Advisory Board
• A Look At 4th Circ.'s Take On Architectural Copyrights
• Lowenstein Guides $150M IPO Of Cerberus' RMBS Arm
• Calif.'s S&P Suit Heralds Bold False Claims Push
• Sony Open Promoters Hit Back In Miami Tennis Center Dispute
• No Space For Partner Egos In Law Firm Of The Future
• Prison Co. Goes REIT In Latest Sign Of Alt Asset Resurgence
• NJ Lawmaker Seeks To Ease Cluster Development Rules
• Conn. Cities Win Class Cert. In Fannie, Freddie Tax Row
• HUD Adopts Disparate Impact Rule To Clarify Fair Lending Law
• LA Clippers Owner Wants $17M Blaze Verdict Nixed For Bias
• Bill To Speed Up Foreclosures Moves Ahead In Fla. House
• Texas High Court Won't Pick Up Chesapeake Lease Appeal
• Cousins Pays $233M For Houston Office Complex
• Arch Capital Puts Up $300M For Piece Of US Mortgage Market
• Wells Fargo Puts Up $13M To End Reinsurance Kickback Suit
• 2nd Circ. Judge Grills Rakoff Atty Over Rejected Citi Deal
• Emerald's $207M Mixed-Use Project On Track After SF Vote
• What To Know When Investing In Energy Efficiency
• A Tenant's Guide To Operating Expense Escalations
• Cousins, JP Morgan Take Over $373M Atlanta Office Complex
• Preparing Your Witness To Be A Performer
• Fla. Bills Would Limit Local Development Referendums
• SunTrust Sues To Block FINRA Arbitration In MBS Row
• Testy Judge Gives $8.5B BofA Deal Dissenters More Docs
• 2nd Circ. Clarifies Property Tax Law For Co-Op Members
• Assured's MBS Win May Force Wave Of Bank Settlements
• OCC's Latest Hire Shows Push For Fair-Lending Crackdown
• S&P Taps White Collar Heavy Hitter To Fight DOJ Suit
• Calif. City Can't Use Debt Cap To Dodge Suit Over $35M Deal
• Saudi Prince Hits LA With $25M Suit Over Halted Mansion
• Merrill Lynch, BofA Escape $143M CDO Fraud Suit
• ResCap Examiner's Prebankruptcy Report Delayed Again
• VWR Can't Dodge Enviro Suit Over Lab Supply Facility
• JPMorgan Hid Bad Loan Reports In RMBS Sales, Dexia Says
• NJ Court Won't Revive Hoboken Rent-Control Row
• Property Insurance Reform Bill Clears Texas Senate Panel
• NJ Assembly To Vote On Sandy Relief Watchdog Bills
• Crain Caton Settles Malpractice Suit Over Bad $4.5M Loan
• Blackstone Strikes $1B Deal For Stake In 40 Retail Centers
• House Dems Push Obama To Replace FHFA Chief
• Don't Miss The Window To Challenge NYC Property Taxes
• S&P Credit Ratings Are Protected Speech, Suit Says
• FHA Needs Overhaul To Stave Off Bailout, Congress Hears
• Assured's $90M Win Gives Insurers Ammo Against Banks
• NJ Town Skirting Affordable Housing Duties, Builder Claims
• Howard Hughes' Plans For NYC Pier Mall Get Panel's OK
• Brandywine Venture To Build $158M Philly Housing Tower
• NY Post-Sandy Buyout Plan A Possible Blueprint For Future
• Fla. Developer's $19M Payout Not Covered, 11th Circ. Hears
• Herrick Feinstein Not To Blame For Failed Tower, Atty Says
• Developer Sues NJ Town For Project Approval Extensions
• H&R REIT, KingSett Up Primaris Takeover Bid With $2.8B Offer
• Lenders Have No Say In Eminent Domain Cases, NJ Court Says
• Relators Didn't Uncover Bankruptcy Trustee's Fraud: Judge
• Illinois Hops On Springing Guaranty Bandwagon
• MSR Resort Judge Keeps Everyone In Suspense
• 3rd Circ. Clarifies Time Limit On Mortgage Rescission Suits
• Plaintiffs' Attorneys Double Down In Wake Of S&P Suit
• DOJ's S&P Case Gives New Life To Mortgage Meltdown Cases
• Archstone Hit With $400M Suit Over Manhattan Property Buy
• S&P Fixes For 1st Amendment Fight With Cahill Gordon Hire
• DOJ Cuts 27th Plea Deal In Real Estate Bid-Rigging Probe
• FiveStar, IStar Settle Dispute Over $112M Resort Loan
• Assured Wins $1B MBS Contract Suit Against Flagstar
• Fla. Bill Aims To Speed Permitting For Manufacturing Plants
• Class Cert. Rejected in Chase Flood Insurance Kickback Suit
• Barnes & Thornburg Hires Former Altisource GC In Indy
• FHA Reduces Single-Family Mortgage Insurance Requirements
• Ally CEO Threatens To Withdraw $750M ResCap Creditor Deal
• Hilton Head RE Brokers' Group Settles Antitrust Claims
• Universal's $1.6B Expansion Plan Gets Nod From LA Council
• RE Pro Rejoins K&L Gates After Stint In Obama Admin
• Century 21 Tried To Bully Franchisee Into Merger, Suit Says
• Tax Break For Dolphins Stadium Gains Ground In Fla. Senate
• US Sues S&P For Inflated RMBS Ratings That Fueled Crisis
• Know The Standard Of FDIC Liability For Community Banks
• Credit Suisse Unit Faces Contract Suit Over $1B Loan Pool
• Trump Wants Bill Maher To Pay $5M Over Ape Sex Remark
• Bold DOJ Goes All-In With Suit Over S&P Ratings
• Goldman Execs Hid 'Structured Exits' Scheme, Investor Says
• MSR Makes Final Push For $1.5B Sale As Critics Take Aim
• FHA Finalizes Rule Expanding Hospital Loan Refinancing
• Revel Casino Accused Of Skipping Out On Construction Bill
• Wyndham Affiliate Puts Up $115M For NYC's Alex Hotel
• BofA Board Dodges Investor Suit Over Foreclosure Practices
• $8.5B BofA Mortgage Pact Hid Self-Dealing, Investors Say
• Starwood Sells 4 French Hotels To Qatar Holding Unit
• DOJ Will Sue S&P Over Crisis-Era Ratings
• Adorno & Yoss Sued For Malpractice In Miami Condo Dispute
• 4th Circ. Clears SunTrust's $40M Win In Loan Coverage Suit
• New Domino Site Plans To Face Further Approvals
• Wynn Shakes Off Troubles Over Macau Casino Deal
• Insurers Cry Foul Over $8.7B ResCap MBS Settlement
• Post Irene And Sandy: Use Of Hurricane Deductibles
• Calif. Noncompete Clauses — Still Unenforceable
• Judge Won't Rethink FCA Ruling Over Trustee's Kickbacks
• Insurer Can't Fight Dismissal Of MBS Claims Against BofA
• Lubbock Advances Texland Petroleum's Fracking Plan
• Post-Sandy Zoning Relief 1st Step In Climate-Proofing NYC
• Landowners Ask High Court To Revive $4M Takings Case
• Md. Sets Stage For Bidders On Disputed $800M Casino Project
• Banks Likely To Adopt CFPB Rules While Legal Issues Unfold
• Washington Post Puts DC Headquarters On Sale Block
• Philadelphia Expands Master Plan For Navy Yard
• Haynes & Boone Snags Project Deals Vet In Mexico City
• Insurer Must Partially Cover Failed La. Project, 5th Circ. Says
• Brandywine Inks $121M Deal To Shed NJ Office Park
• GOP Sen. Pushes Bill To Put Commission Atop CFPB
• Hot Investment Areas For REITs
• JLS Calls Super Bowl Winner With Office Vacancy Model