Real Estate

  • March 2, 2018

    Graft Trial Judge Discloses Clerk's Jury Room Cookie Raid

    The trial of a former top aide to New York Democratic Gov. Andrew Cuomo accused of bribery was marked on Friday by the judge's disclosure that her law clerk, while snooping in the jury room in search of leftover cookies on Thursday evening, saw a juror reading legal instructions after deliberations had ended.

  • March 2, 2018

    Taxation With Representation: Skadden, Jones Day, Kirkland

    In this week’s Taxation With Representation, AmTrust teamed up with Stone Point to go private in a deal valuing the insurer at $2.7 billion, Ocwen bought rival PHH for $360 million, and Spectrum Brands merged with HRG in a $10 billion deal.

  • March 2, 2018

    Neighborhood Group Fights EPA, Corps Bid To Nix Water Suit

    A Massachusetts neighborhood group told a federal court on Friday that federal agencies have an obligation to investigate potential violations of the Clean Water Act, fighting the government’s bid to dismiss its suit over a proposed two-house development in the town the neighbors say is spoiling their groundwater.

  • March 2, 2018

    Davison Eastman Adds Municipal Atty, Author In NJ

    Davison Eastman Muñoz Lederman & Paone PA has added a government law attorney, author and teacher as a partner in the firm’s municipal and real estate and land use departments in Freehold, New Jersey, the firm has announced.

  • March 2, 2018

    Perkins Coie Adds Ex-Stoel Rives Real Estate Partner

    A former Stoel Rives LLP real estate transactional partner who has worked on projects in the Seattle area, including on health care facilities, breweries and distilleries and a more than $600 million port district redevelopment, has joined Perkins Coie LLP.

  • March 1, 2018

    Attys Vital As Miami Turns To Transit-Oriented Development

    With the Miami area's population climbing and available land on the decline, transit-oriented development is emerging in the market as an attractive means both for tackling the resulting challenges and keeping up with market preferences — and lawyers are positioned to play a central role in its advancement.

  • March 1, 2018

    Int'l Paper Co. Beats Fla. Flood Class Action At Trial

    A federal jury in Florida has found that International Paper Co. was not negligent in the design, maintenance or operation of an abandoned dam at one of its paper mills, beating a class of homeowners who claimed the company was liable for flooding of their homes.

  • March 1, 2018

    Ardian Raises $858M For Europe-Centered Real Estate Fund

    Global private equity investment firm Ardian has raised more than €700 million ($858.2 million) for a Europe-focused real estate fund, the company said Thursday.

  • March 1, 2018

    Utility, NY Counties Oppose Tribe In High Court Property Row

    A New Mexico utility, New York's Seneca County and another New York county and two towns urged the U.S. Supreme Court on Wednesday to uphold a decision that the Upper Skagit Indian Tribe must face a land ownership suit, saying that overturning the ruling could jeopardize their ability to take on tribes over taxation and land condemnation.

  • March 1, 2018

    Real Estate Rumors: Spencer Equity, Kushner, Capital One

    Spencer Equity is reportedly buying a Coney Island residential building with a retail component for $50 million, Kushner Cos. is said to have landed a $184 million loan from REIT Apollo Commercial Real Estate Finance for a Chicago tower and Capital One has reportedly loaned $66 million for a Seattle-area multifamily construction project.

  • March 1, 2018

    Singaporean Wellness Co. Sells Hotel Property For $49M

    A subsidiary of Singaporean lifestyle and wellness company Mary Chia Holdings said Thursday that it will sell a hotel property to Singapore-based JL Asia Resources Pte. Ltd. for S$64.8 million (US$48,372,902), according to a statement.

  • March 1, 2018

    NY Graft Case Goes To Jury After Atty Warns About Witness

    A Manhattan jury on Thursday began deliberating charges against Joe Percoco, a former top aide to New York Gov. Andrew Cuomo accused of bribery alongside two developers and an energy executive, after hearing a final caution from Percoco's lawyer about the credibility of a key prosecution witness who was arrested in the middle of the marathon trial.

  • March 1, 2018

    Feds, Tribe Prevail In Fight Over Calif. Casino Land

    A D.C. federal judge ruled in favor of the U.S. Department of the Interior and the Wilton Rancheria on Wednesday in a community group’s lawsuit challenging the agency’s decision to take land into trust for the tribe for gambling, holding that federal officials acted within their authority.

  • March 1, 2018

    FDIC, Banks Seek Wins In Second Go-Round Of MBS Suits

    The Federal Deposit Insurance Corp. asked a Texas federal judge on Wednesday to toss the defenses of three major banks accused of selling six shoddy residential mortgage-backed securities to now-defunct Guaranty Bank ahead of its 2009 failure, saying a damages award is appropriate and its claims are not time-barred.

  • March 1, 2018

    Landowners Can't Speed Up Pipeline Eminent Domain Suit

    A D.C. district judge on Thursday rejected a request to expedite a case brought by a group of landowners who live along the routes of two eastern pipelines and allege that the Federal Energy Regulatory Commission’s permitting process allows developers to exercise eminent domain in an unconstitutional manner.

  • March 1, 2018

    Real Estate Moguls On The Move

    The short month of February saw a variety of real estate moves across North America and Europe, and CBRE, Marcus & Millichap, Heitman, Cushman and HFF were among various firms that had departures or new hires.

  • March 1, 2018

    School Board Wants Pistons Arena Funding Fight Put To Rest

    Detroit Public Schools’ community district and its board of education on Wednesday urged a Michigan federal judge to toss the remaining claims from a suit brought by residents looking to block the use of $56.5 million in taxpayer funds for a new arena for the NBA's Detroit Pistons, after previously gutting the suit.

  • March 1, 2018

    High Court Could Clarify Takings Law In Beachfront Dispute

    A California billionaire has asked the U.S. Supreme Court to hear a case concerning access to his beachfront property, and while the dispute is riddled with state-specific issues, experts say the high court could step in to offer clarity on whether the state has unconstitutionally taken value from the property by saying the owner can't restrict public access.

  • March 1, 2018

    Treasury Plans To Ax Carried Interest Earnings Loophole

    The Internal Revenue Service gave notice Thursday that it intends to issue regulations aimed at eliminating a loophole in the new federal tax law that grants fund managers a preferential tax rate on carried interest earnings.

  • February 28, 2018

    Deals Rumor Mill: Bayer, Embraer, NIO

    Bayer is reportedly going to win conditional EU approval of its bid to buy Monsanto, Embraer's CEO expects to complete joint venture talks with Boeing in the next few months, and Chinese electric car startup NIO tapped eight banks to guide its planned domestic IPO.

Expert Analysis

  • How 2 Devices And 1 Domain Changed My Practice In 2017

    Paul Kiesel

    The question I ask about new technology is how can it improve the quality of my practice — and my life? This year, the iPhone X, the Apple Watch Series 3 and a .LAW domain have proven to be great investments, for professional and personal reasons, says attorney Paul Kiesel of Kiesel Law LLP.

  • Opinion

    A Fair Rate Of Return Is Required When States Set Prices

    Trevor Burrus

    The U.S. Supreme Court should hear Mercury v. Jones in order to clarify the constitutionally required fair rate of return standard. When a business loses the freedom to operate according to free market principles, going out of business is not a "fair rate of return," say Trevor Burrus of the Cato Institute and Eric Ashby of the University of Michigan Law School.

  • 7 Reasons To Rethink The Importance Of Title Review

    Alejandro Ramirez

    All too often, investors and business owners fail to give the title review process its due weight when making a major commercial real estate acquisition. As a result, they do not fully understand the title risks involved, leading to mismanaged legal and financial risk, says Alejandro Ramirez of AR Legal Team.

  • Alternative Fees: My Experience At Bartlit Beck

    J.B. Heaton

    Bartlit Beck was a wonderful place to work for 18 years, and the lawyers there are not only excellent attorneys but also great people. That said, I can look analytically at the Bartlit Beck fee model and make some observations on its pros and cons, says J.B. Heaton, founder of investment analytics company Conjecture LLC.

  • Opinion

    Jurors Should Have An Active Role In Trials

    Judge Amos Mazzant III

    We tell jurors how important they are to the successful implementation of our judicial system, but oftentimes we don’t treat them with the reverence they deserve. U.S. District Judge Amos Mazzant III of the Eastern District of Texas, Lisa Blue of Baron and Blue, and Robert Hirschhorn of Cathy E. Bennett & Associates advocate three improvements to give jurors an active role in our civil and criminal jury trials.

  • Reviewing 2017's CEQA Legislative And Regulatory Activity

    Arthur Coon

    As another year draws near its close, a number of notable California Environmental Quality Act developments in both the legislative and regulatory arenas bear mention, including one proposed regulation that is already outdated due to its conflict with a recent Fifth District decision, says Arthur Coon of Miller Starr Regalia.

  • Looking At Property Insurance From A Lender’s Perspective

    Melissa Martorella

    Most borrowers understand the importance of getting insurance against property loss, but some lenders ignore the vital role property insurance plays in protecting the lender's interest in the event of a loss. They must take steps to ensure that both the borrower and the lender will be made whole in the event of a catastrophic loss, says Melissa Martorella of Geraci Law Firm.

  • Series

    40 Years Of FCPA: An Update From The DOJ

    Daniel Kahn

    U.S. Department of Justice prosecutors and law enforcement partners have secured more foreign bribery-related trial convictions and guilty pleas this year than in any other year in the history of the Foreign Corrupt Practices Act, in fact by almost twice as much. These are all significant cases with significant impacts, says Daniel Kahn, chief of the DOJ's FCPA Unit.

  • Why Information Governance Is More Important Than Ever

    Linda Sharp

    It used to be that hiring a good law firm was the single most important thing a company could do when facing litigation. You could now make the case that an organization’s most powerful asset in prosecuting or defending a claim is its information, says Linda Sharp, associate general counsel of ZL Technologies and chair of the ACC Information Governance Committee.

  • Opinion

    BigLaw Is Behind The Automation Curve

    Michael Moradzadeh

    In its new report on the effects of automation in the workplace, McKinsey Global Institute identifies lawyers as less susceptible to the sort of automation that could put one-third of American workers out of a career by 2030. This may seem reassuring, but it doesn't mean automation won't disrupt our bottom line, says Michael Moradzadeh of Rimon PC.