We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Real Estate

  • September 19, 2018

    Fla. Enviros Want Order Freeing Land Buying Funds Enforced

    Environmental groups that won a state court judgment in June finding Florida misspent hundreds of millions of dollars in conservation land acquisition funds asked the Tallahassee circuit court Wednesday to lift a stay on the judgment while the state appeals.

  • September 19, 2018

    Pension Fund Fights Ocwen Bid To Tank ERISA Mortgage Row

    A company accused of profiting by pushing homeowners into foreclosure after the housing bubble burst should have to face claims that its alleged actions violated the Employee Retirement Income Security Act, and companies that helped or watched should too, a pension fund told a New York federal judge Wednesday.

  • September 19, 2018

    DC Circ. Orders Redo For 'Big Short' Adviser’s SEC Hearing

    The D.C. Circuit on Wednesday remanded the U.S. Securities and Exchange Commission’s case against an investment adviser featured in the book "The Big Short” for a new hearing before a different administrative law judge or the commission, in accordance with the U.S. Supreme Court’s recent Lucia ruling.

  • September 19, 2018

    Costa Rica Prevails In $97M Real Estate Project Row

    An international tribunal has rejected several U.S. investors' $97 million claim accusing Costa Rica of improperly shutting down their beachfront villa project, while also accepting jurisdiction over but ultimately rejecting the Central American nation's counterclaim seeking to hold the investors accountable for alleged environmental damage.

  • September 19, 2018

    Alaska Natives Back Feds In Row Over Hovercraft Ban

    Alaska Native tribes and groups have urged the U.S. Supreme Court haveto uphold the National Park Service’s right to apply its hovercraft ban on an Alaska river, saying that taking away the federal government’s power to regulate certain waters in the state could destroy Alaska Natives' traditional subsistence fishing.

  • September 19, 2018

    Mortgage Lenders Seek Appeal Over Venue In Lehman Fight

    Dozens of mortgage loan originators targeted by Lehman Brothers for $1.2 billion in settlement indemnification claims stemming from purchases of shoddy loans asked Tuesday for leave to appeal a decision keeping the adversary suits in New York bankruptcy court, arguing the jurisdictional issue “remains unresolved in the Second Circuit.”

  • September 19, 2018

    Indian Interior Co. Inks $70M In Series C Funding Round

    Indian home interior and renovation company Livspace on Wednesday said it had reaped $70 million in a Series C funding round led by TPG Growth and Goldman Sachs.

  • September 19, 2018

    Real Estate Rumors: Spotify, Carlyle, Sterling Bay

    Spotify has reportedly subleased 85,666 square feet in Manhattan from the Port Authority of New York and New Jersey, a Carlyle venture is said to have sold three Florida self-storage buildings for $100 million and Sterling Bay has reportedly dropped roughly $20 million on a Chicago Fulton Market building.

  • September 19, 2018

    Hong Kong's Spring REIT Buying China Mall For $241M

    Spring Real Estate Investment Trust has reached a deal to buy a shopping mall in China's Guangdong Province for about 1.65 billion Chinese yuan ($240.92 million), according to an announcement from the Hong Kong-based REIT on Wednesday.

  • September 19, 2018

    NJ Enviro Agency Beats Developer's Suit Over Wetlands

    A New Jersey appeals court on Wednesday sided with the state's Department of Environmental Protection in a challenge to a bar on development for three residential lots, saying the developer could not show how the agency’s designation of the property as wetlands constituted trespass and ejectment.

  • September 19, 2018

    MGM Resorts To Lease Hard Rock Site, Buy Assets For $275M

    MGM Resorts International is buying the operating assets of a Hard Rock property in the Cleveland metro area from MGM Growth Properties LLC for roughly $275 million and will lease the property from MGM Growth, the companies announced Wednesday.

  • September 19, 2018

    Timeshare Owners Fight Fla. County's Bid To Escape Suit

    Timeshare owners on Tuesday asked a federal court to deny an attempt by Orange County, Florida, to win a quick judgment in its favor in a suit alleging that Marriott Ownership Resorts Inc. and its insurer duped them into invalid real estate deals with the county's help, saying it wrongly recorded defective trust instruments.

  • September 18, 2018

    Singapore Developer Lands REIT Manager For $72.1M

    Singapore-based property developer OUE Ltd. and its health care-focused subsidiary said on Tuesday that they have agreed to acquire a combined 100 percent stake in Bowspirit Capital Corp. Ltd., the manager of health care real estate investment trust First Real Estate Investment Trust, for a total of SG$98.9 million ($72.1 million).

  • September 18, 2018

    Real Estate Lawyers On The Move

    Carlton Fields, Steptoe & Johnson LLP, Blank Rome and Holland & Knight are among various law firms that have made real estate or construction lawyer hires over the past month.

  • September 18, 2018

    Real Estate Rumors: Aldora Aluminum & Glass, Hana, Encore

    Aldora Aluminum & Glass is reportedly taking 106,000 square feet of space in Florida, asset management firm Hana Financial Group is said to have landed $142.8 million in CMBS financing for a Denver building, and Encore Capital Management has reportedly landed a $33.9 million construction loan for a Florida office project.

  • September 18, 2018

    Credit Report Schemers Won't Win $5.2M Ruling Appeal: FTC

    The Federal Trade Commission blasted a request that an Illinois federal court hold off on enforcing a permanent injunction against a business and its owner while they appeal a $5.2 million judgment over claims that they tricked consumers into enrolling in costly credit monitoring, arguing that their challenge likely won’t succeed.

  • September 18, 2018

    Thalhimer Execs Say Stock Plan Suit Just Misguided Rage

    Morton G. Thalhimer Inc. executives have urged a Virginia federal judge to toss a former colleague’s suit alleging they used the commercial real estate firm’s employee stock plan to enrich themselves, saying the suit doesn’t hold up despite its “unabashed rage.”

  • September 18, 2018

    WeWork Reaches Deal With NY, Ill. To Curb Noncompetes

    Shared workspace provider WeWork Cos. Inc. has agreed to curtail its use of noncompete agreements, with some workers receiving full releases from agreements they signed and others having the terms of their noncompetes streamlined, the attorneys general of New York and Illinois announced Tuesday.

  • September 18, 2018

    Former US Secretaries Back IFC Immunity In High Court Case

    Weighing in on a case brought by a group of Indian nationals over alleged environmental damage from a power plant project, a group of former U.S. secretaries of state and of the Treasury, including John Kerry, has urged the U.S. Supreme Court to continue allowing the International Finance Corp. to be immune from suits, arguing that multilateral development banks are fundamentally different from sovereign states.

  • September 18, 2018

    NYC Hotel Operators Hit With ADA Class Suits Over Websites

    Two New York City hotel operators got slapped Monday with proposed class actions in federal court accusing them of violating the Americans with Disabilities Act and state law by failing to ensure that their websites’ online reservation systems offer full accessibility to the disabled and describe how rooms meet their needs.

Expert Analysis

  • Q&A

    Back To School: Stanford's Jeff Fisher Talks Supreme Court

    Jeffrey Fisher

    In this series featuring law school luminaries, Stanford Law School professor Jeffrey Fisher discusses his motivation for teaching, arguing before the U.S. Supreme Court and what the court might look like if Judge Brett Kavanaugh is confirmed.

  • 2 Important Takeaways From 7th Circ.'s FHA Ruling

    Jeffrey Rosenberg

    In Wetzel v. Glen St. Andrew, the Seventh Circuit recently held that landlords can be held liable under the Fair Housing Act if they are aware of discriminatory harassment toward their tenants and do nothing to stop it. Just as importantly, the court recognized that the FHA prohibits discrimination based on sexual orientation, say attorneys at the Law Office of Yuriy Moshes PC.

  • Florida Courts Are Prepared For A New Wave Of Foreclosures

    Victor Petrescu

    For Florida practitioners who experienced the foreclosure crisis that swept through the state beginning in 2008, the recent uptick in foreclosure filings may feel ominous. However, Florida's foreclosure jurisprudence has evolved at an incredible pace, capable of expediting the process tremendously if another crisis arises, says Victor Petrescu of Levine Kellogg Lehman Schneider & Grossman LLP.

  • NJ Trial Court Error Resulted In Years Of Litigation

    Lawrence Shapiro

    The New Jersey Appellate Division's reversal in Torah v. Aryeh should serve as a warning for trial judges faced with proceedings arising from an arbitration award. When statutes are involved, their language must be strictly followed, and although arbitration is preferred to litigation, it cannot be coerced or compelled, say Lawrence Shapiro and Nicole Miller of Ansell Grimm & Aaron PC.

  • Avoiding Withholding Tax On Foreign Interest Payments

    Brad Wagner

    Interest paid by a blocker foreign corporation is generally subject to the U.S. withholding tax regime. However, there are two exceptions to the rule, says Brad Wagner of Wagner Duys & Wood LLLP.

  • Calif.'s New Rules For Lawyers Move Closer To ABA Model

    Mark Loeterman

    The first comprehensive overhaul of California's Rules of Professional Conduct in nearly 30 years becomes operational on Nov. 1. Some of the new rules mirror the model language used by the American Bar Association, but many continue to reflect California’s unique approach to certain ethical questions, says Mark Loeterman of Signature Resolution LLC.

  • Post-Florence Insurance Considerations For The Carolinas

    Patrick Aul

    In 2016, Hurricane Matthew was an extraordinary event that caused the Carolinas' departments of insurance to provide additional safeguards for insureds. The impact of Hurricane Florence will likely compel North and South Carolina to take the same actions again, say Patrick Aul and Stephen Pate of Cozen O'Connor.

  • Know The Limits To Atty Public Statements During A Trial

    Matthew Giardina

    The balancing act between protecting attorneys’ speech rights and ensuring unbiased adjudications was highlighted recently in two cases — when Michael Cohen applied for a restraining order against Stephanie Clifford's attorney, and when Johnson & Johnson questioned whether a Missouri talc verdict was tainted by public statements from the plaintiffs' counsel, says Matthew Giardina of Manning Gross & Massenburg LLP.

  • IRS Ruling On MBS Restructuring Should Encourage Investors

    Mark Leeds

    In June 2019, the Federal Housing Finance Agency will require Freddie Mac and Fannie Mae to begin issuing standardized mortgage-backed securities. Accordingly, the IRS last month encouraged Freddie Mac investors to convert their existing securities by stating that conversions won't trigger taxable gains or losses, say Mark Leeds and Steven Garden of Mayer Brown LLP.

  • Hurricane Florence: How State Laws Protect Service Members

    Jeffrey Naimon

    As the southeastern United States braces for Hurricane Florence, the governors of several states have authorized National Guard response efforts. Creditors can do their part by being aware of the laws protecting military service members, say attorneys with Buckley Sandler LLP.