Real Estate

  • December 14, 2017

    Real Estate Rumors: UniVista, PebblePost, Steph Curry

    UniVista Insurance has reportedly bought a new Miami building for $10.2 million, marketing startup PebblePost is said to be taking nearly 20,000 square feet on Lafayette Street in New York, and basketball player Steph Curry's family foundation has reportedly reached a deal to lease office space in Oakland, California.

  • December 14, 2017

    MVP: Gibson Dunn's Drew Flowers

    Gibson Dunn & Crutcher LLP's Drew Flowers has been guiding some of the biggest real estate deals on both coasts, including Related Cos.' ongoing role in multibillion-dollar projects at New York's Hudson Yards and San Francisco's Transbay Transit Center terminal, earning him a spot on Law360's 2017 Real Estate MVPs.

  • December 14, 2017

    Singapore REIT Drops $178M On Property Stake

    ESR-REIT has picked up an 80 percent stake in an entity that owns a leasehold interest in a Singapore office building for SG$240 million ($178.2 million), in what is the largest-ever purchase for the real estate investment trust, ESR said in a statement on Thursday.

  • December 14, 2017

    Russia-Linked Cos. Accuse Feds, Dutch Of Undermining Deal

    Offshore companies that agreed to pay $6 million after the U.S. government seized their assets over their supposed link to a Russian tax scam argued in Manhattan federal court on Thursday that federal officials may have conspired with prosecutors in the Netherlands to keep some of their assets frozen, while a government lawyer said the companies simply took a legal risk and lost.

  • December 14, 2017

    Wynn Resorts Paying $336M For 38 Acres Of Las Vegas Land

    Wynn Resorts Ltd. is buying roughly 38 acres of Las Vegas land across from the Wynn Las Vegas through multiple transactions for a combined $336 million, according to an announcement from Wynn on Thursday.

  • December 14, 2017

    Final Tax Bill To Allow State Income, Sales Tax Deductions

    The final tax cut bill speeding through Congress will allow a deduction for state and local property taxes as well as income or sales taxes while maintaining a $10,000 cap proposed in earlier versions, according to a Thursday announcement from House Ways and Means Committee Chairman Kevin Brady, R-Texas.

  • December 13, 2017

    Chinese Investor Sues Over Alleged $50M EB-5 Visa Scam

    A Chinese investor who sought to receive a green card through the EB-5 visa program sued in California federal court on Tuesday to recover amounts he paid in connection with an alleged $50 million scheme that has resulted in federal criminal charges and forfeiture cases.

  • December 13, 2017

    Singapore REIT, Trust Snag $727M In New Loans

    Singapore-based OUE Hospitality Trust on Wednesday said it had inked deals for SG$980 million ($727.2 million) in new credit facilities the company plans to use to pay down existing loans.

  • December 13, 2017

    Costa Rica Condo Owners Seek Confirmation Of $1.5M Award

    Owners of units in a Costa Rican luxury condo development asked an Arizona federal court Tuesday to confirm an arbitration award of more than $1.5 million against the resort’s developer while also seeking damages for the developer’s alleged neglect of the condos.

  • December 13, 2017

    Real Estate Rumors: CubeSmart, Visual Arts School, US Bank

    CubeSmart is said to have picked up a self-storage building in Florida for $17.75 million, the School of Visual Arts has reportedly renewed its 80,000-square-foot New York lease and US Bank is said to have taken control of an Illinois building following a foreclosure suit filed against owner Lexington Realty Trust nearly a year ago.

  • December 13, 2017

    Swedish Hotel Co. Scoops Up $1.1B Lone Star Portfolio

    Swedish hotel owner Pandox AB and a partner agreed to buy a 37-property portfolio and its name from private equity firm Lone Star Funds for $1.1 billion, the company said Wednesday.

  • December 13, 2017

    DC Circ. Gives Enviros 2nd Shot To Fight $2.2B Pipeline

    The Sierra Club will be allowed to refile a suit against the Federal Energy Regulatory Commission aiming to stall construction on the $2.2 billion Nexus pipeline after the nonprofit had to pull its initial petition, the D.C. Circuit said Wednesday.

  • December 12, 2017

    House Passes Mortgage Escrow Safe Harbor For Small Banks

    Smaller financial institutions could have a new safe harbor to exempt them from federal mortgage escrow rules under a bill the U.S. House of Representatives passed Tuesday.

  • December 12, 2017

    2nd Circ. Won't Rethink Denying Nomura, RBS Jury Trial

    The Second Circuit on Monday rejected a request by employees and units of Nomura Holdings Inc. and the Royal Bank of Scotland Group PLC to reconsider its decision to deny their demand for a jury trial in an $800 million fight with the Federal Housing Finance Agency.

  • December 12, 2017

    $6M Nokia Real Estate Row Must Be Arbitrated, Court Hears

    Nokia asked a Texas federal court Monday to toss a U.S. commercial real estate services firm's $6 million suit accusing the Finnish consumer electronics company of breaching an exclusive service agreement, saying the dispute must be arbitrated in London.

  • December 12, 2017

    Winstead, Haynes And Boone Steer $55M Calif. Hyatt Loan

    Winstead PC represented Rael Development Corp. in connection with its $55 million construction loan from Haynes and Boone LLP-counseled Hall Structured Finance for a Hyatt hotel and retail project in Palm Springs, California, according to an announcement on Tuesday from the companies.

  • December 12, 2017

    Real Estate Rumors: Kirkland, Jim Crane, Monday Properties

    Kirkland & Ellis has reportedly leased another 120,000 square feet in Manhattan, a company run by Houston Astros owner Jim Crane is said to have landed a $19 million loan for a Florida hotel project, and Monday Properties has reportedly reached a deal to lease more than 16,000 square feet in New York.

  • December 12, 2017

    Unibail Pays $15.7B For Shopping Center Giant Westfield

    Real estate investment firm Unibail-Rodamco SE said Tuesday it will pay $15.7 billion to acquire shopping center owner and operator Westfield Corp., boosting the French company’s reach in the retail sector through the acquisition of assets in major American cities, the U.K. and Australia.

  • December 12, 2017

    Kramer Levin, Sidley Steer VICI Properties' $100M IPO Filing

    Kramer Levin Naftalis & Frankel LLP is representing Caesars Entertainment Corp.'s real estate investment trust VICI Properties Inc. in connection with its Tuesday filing for a $100 million initial public offering, a matter Sidley Austin LLP is working on for the underwriters.

  • December 11, 2017

    Has Litigation Finance Shed Its Stigma?

    Once a taboo topic in the halls of BigLaw, litigation finance is winning over converts. And the peer pressure is building for rival law firms to join the bandwagon.

Expert Analysis

  • Land Use And Entitlement Diligence For Calif. CRE Lending

    Andrew Starrels

    Following the widespread construction boom in most California markets, commercial real estate lenders and their counsel find themselves increasingly asked to evaluate and underwrite the nature of entitlement approvals for development projects, but the state's web of land use regulations and sometimes overlapping jurisdictions can make that task complicated, says Andrew Starrels of Holland & Knight LLP.

  • Series

    40 Years Of FCPA: Cross-Border Efforts And Growing Risk

    Patrick Stokes

    The U.S. agencies’ increasing coordination with their foreign partners has led to more potent Foreign Corrupt Practices Act investigations — in terms of both their scope and settlement cost, say Patrick Stokes, former chief of the FCPA Unit at the U.S. Department of Justice, and Zachariah Lloyd of Gibson Dunn & Crutcher LLP.

  • Series

    My Supreme Court Debut: No Room For Nervousness

    Jonathan Herstoff

    Although Hamer v. Neighborhood Housing Services was not the first time I had worked on a certiorari petition, it was the first time I had personally taken on a case in which my initial involvement was at the U.S. Supreme Court level, says Jonathan Herstoff of Haug Partners.

  • Series

    Judging A Book: Cooke Reviews 'Constance Baker Motley'

    Judge Marcia Cooke

    Gary Ford's new book, "Constance Baker Motley: One Woman’s Fight for Civil Rights and Equal Justice Under Law," is more than a biography of the first African-American woman to become a federal judge. It presents in vivid detail how her work altered the legal landscape of the United States, says U.S. District Judge Marcia Cooke of the Southern District of Florida.

  • Keeping Your Law Library Relevant In The Age Of Google

    Donna Terjesen

    Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.

  • 6 Things You Need To Know About Millennial Jurors

    Zachary Martin

    Millennials are now the largest living generation and comprise one-third of jurors. While it is impossible to generalize a group so large and diverse, trial lawyers should be mindful of certain generational differences, say baby boomer Lee Hollis and millennial Zachary Martin of Lightfoot Franklin & White LLC.

  • The Case Of New York’s 5Pointz: Who Owns Graffiti Art?

    Roberta Jacobs-Meadway

    Last month, a New York district court ruled in Cohen v. G&M that a real estate developer's demolition of famous graffiti space 5Pointz violated an obscure federal statute. This ruling may represent an expanded conception of what visual art qualifies for protection under the Visual Artists Rights Act, says Roberta Jacobs-Meadway of Eckert Seamans Cherin & Mellott LLC.

  • Series

    40 Years Of FCPA: A View From The Monitorship Trenches

    Gil Soffer

    There have been many articles on the corporate monitor selection process, but you will find little guidance on how to prepare yourself for a job that has few parallels. There are three key lessons I have learned over the course of a Foreign Corrupt Practices Act monitorship still in progress, says Gil Soffer of Katten Muchin Rosenman LLP.

  • Court Wrongly Disallows Lender's Post-Bankruptcy Legal Fee

    Michael Cook

    At least five circuit courts have taken a sensible approach to allowing an undersecured creditor’s claim for legal fees. But there is still no uniformity in the lower courts, as evident in a North Carolina federal court's recent decision in Summitbridge v. Faison, says Michael Cook of Schulte Roth & Zabel LLP.

  • Series

    40 Years Of FCPA: The Untold Story Of The Resource Guide

    Charles Duross

    Much has been written about the 2012 "Resource Guide to the U.S. Foreign Corrupt Practices Act," but no one has talked about the behind-the-scenes work that produced the guide — until now, say Charles Duross, former chief of the FCPA Unit at the U.S. Department of Justice, and Kara Novaco Brockmeyer, former chief of the FCPA Unit at the U.S. Securities and Exchange Commission.