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Real Estate

  • November 26, 2018

    MVP: Fried Frank's Robert Sorin

    Robert Sorin of Fried Frank Harris Shriver & Jacobson LLP steered Google’s continued New York City expansion through the multibillion-dollar acquisition of Chelsea Market, while securing new leases for two major Manhattan building projects in the Hudson Yards and One Vanderbilt, counting him among one of Law360’s Real Estate MVPs.

  • November 26, 2018

    9th Circ. Says It Can't Review Tribal Civil Rights Dispute

    The Ninth Circuit has upheld a lower court decision to toss a habeas corpus petition filed by seven members of the Bishop Paiute Indian Tribe under the Indian Civil Rights Act, saying the court doesn't have jurisdiction over an eviction and trespass dispute connected with a tribal casino project.

  • November 26, 2018

    IRS Floats Rules On New Biz Interest Deduction Limits

    The interest that businesses pay on loans but cannot be deducted under last year's federal tax overhaul may be carried forward to future years under regulations that the U.S. Department of the Treasury proposed Monday.

  • November 26, 2018

    GIC, Dexus Team Up On AU$2B Logistics-Focused REIT

    The sovereign wealth fund of Singapore, GIC, on Monday said it will join forces with Australian real estate investment trust Dexus on a new AU$2 billion ($1.4 billion) joint venture trust targeting logistics properties in Australia.

  • November 26, 2018

    Cozen O'Connor Adds Top US Hospitality, Real Estate Atty

    Cozen O'Connor has added as counsel to its real estate practice group in Philadelphia a seasoned Pennsylvania-based lawyer who will rely on her commercial real estate and hospitality expertise to advise clients in matters including acquisitions, construction, debt structuring and business strategies, the law firm said.

  • November 26, 2018

    Middle East Real Estate Listing Co. Nabs $120M In Funding

    Dubai-headquartered real estate classified platform Property Finder said Monday that investors poured in $120 million for its latest funding round, as the company looks to improve existing capabilities in the Middle East, North Africa and Turkey.

  • November 21, 2018

    Law360 MVP Awards Go To Top Attorneys From 71 Firms

    The elite slate of attorneys chosen as Law360’s 2018 MVPs have distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.

  • November 21, 2018

    States Back Wyo. At High Court Against Tribal Hunting Right

    Six states have urged the U.S. Supreme Court not to toss a Crow tribe member’s conviction for elk hunting in Wyoming's Bighorn National Forest, saying a circuit court has already ruled the tribe’s treaty hunting right has ended and revisiting the issue would invite litigation losers to try to revive their claims.

  • November 21, 2018

    Brad Pitt Seeks Out Of Suit Against Katrina Rebuild Charity

    Brad Pitt, looking to escape a lawsuit claiming his Make It Right Foundation built shoddy homes in New Orleans after Hurricane Katrina, told a Louisiana federal court Tuesday that the proposed class of homeowners haven’t shown he personally wronged any of them.

  • November 21, 2018

    Real Estate Rumors: JP Morgan, Ralph Lauren, Greenroad

    J.P. Morgan Asset Management has reportedly paid $31.12 million for a Miami warehouse, Ralph Lauren is said to be taking another 350,000 square feet in New York, and Greenroad Capital has reportedly dropped $26.7 million on two New York multifamily properties.

  • November 21, 2018

    Scarinci Hollenbeck Adds Watson Farley Real Estate Atty

    Scarinci Hollenbeck LLC has added as counsel to its commercial real estate practice group in New Jersey a seasoned attorney from Watson Farley & Williams LLP with a record of handling deals involving luxury hotels, office developments and other properties.

  • November 21, 2018

    US Bank Wants Out Of Trust Insurer’s Settlement Suit

    U.S. Bank National Association urged a New York federal court Tuesday to dismiss a suit over a “paltry” settlement the bank reached as trustee of mortgage-backed securities that were allegedly backed by bad Countrywide loans, saying any injury hinges on court approval of the deal.

  • November 21, 2018

    Arent Fox Guides REIT RLJ Lodging's $85M Manhattan Loan

    Arent Fox LLP represented real estate investment trust RLJ Lodging Trust in connection with its $85 million loan for one or more commercial condo units at a hotel on Broadway in Manhattan, according to records made public in New York on Wednesday.

  • November 20, 2018

    Squalid Mobile Home Park Owes Residents $5.6M, Jury Says

    A California jury awarded $5.56 million in compensatory damages Monday after finding a squalid mobile home park in Long Beach liable for fraud and elder abuse, attorneys for the residents said.

  • November 20, 2018

    $25.8M Ordered Returned To Defrauded Chinese Investors

    A California federal judge ordered a group of companies and two individuals Monday to pay back a total of $25.8 million the U.S. Securities and Exchange Commission said they fraudulently raised from Chinese investors looking to get green cards through the EB-5 visa program.

  • November 20, 2018

    Convicted Ex-Vereit Exec Attacks Witness' Credibility

    Convicted former Vereit Inc. executive Brian Block angled for a retrial on Tuesday, attacking the credibility of a government cooperator who was offered part of another witness’ whistleblower payout — a fact Block says prosecutors withheld.

  • November 20, 2018

    Noteholder Bid For Woodbridge Ch. 11 Delay Nixed In Del.

    Noting an "only slightly better than negligible" chance of success on appeal and low chance of irreparable injury to noteholders appealing, a Delaware bankruptcy judge on Tuesday declined to put on hold his confirmation of the Woodbridge Group of Cos. LLC's Chapter 11.

  • November 20, 2018

    Vikings Owners Can't Get NJ High Court To Review RICO Suit

    The New Jersey Supreme Court has declined to review a ruling against the owners of the Minnesota Vikings on racketeering and other claims by former partners in a real estate project.

  • November 20, 2018

    Real Estate Rumors: Palmcorp, Wells And Goldman, Redwood

    Palmcorp Development has reportedly landed nearly $14 million in financing for a project to build single-family homes in Miami, Wells and Goldman are said to have loaned a combined $156 million for a New York retail and residential building, and Redwood Partners has reportedly bought a Long Beach, California, office campus for $60.5 million.

  • November 20, 2018

    Palmolive Building Owners' $10M Penalty Must Stand: IRS

    The U.S. Tax Court should not dismiss more than $10 million in accuracy-related penalties against the owners of the historic Palmolive Building in Chicago for misstating the value of the skyscraper's donated easement, and the court must examine the company's intent, the IRS said in a recent filing.

Expert Analysis

  • Cloud Computing Clearly The Future For Small Firms

    Holly Urban

    While in-house technology investments on the scale and complexity needed to compete with large firms remain cost prohibitive for small and midsize law firms, cloud-based services offer significant cost savings and productivity gains with little to no capital investment, says Holly Urban of Effortless Legal LLC.

  • Leveraging Today's Lateral Associate Market

    Darin Morgan

    With the Milbank/Cravath pay scale once again equalizing compensation at many Am Law 100 firms, there is even more pressure for firms to differentiate themselves to top lateral associate candidates. This presents strategic considerations for both law firms and lateral candidates throughout the recruitment process, says Darin Morgan of Major Lindsey & Africa.

  • A Closer Look At Proposed Regs For Nonbank Loan Servicers

    Laurence Platt

    A recently introduced bill that would create a new authority over mortgage loan servicers that handle loans for Fannie Mae and Freddie Mac likely has no chance of passage in the short term. But these entities should keep an eye on the potential federal extension of so-called safety and soundness principles, say Laurence Platt and Michael McElroy of Mayer Brown LLP.

  • 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.