WeWork is reportedly leasing 60,000 square feet in New York, Google and Trammell Crow are said to have picked up three California parcels for $9.5 million, and Robbins Property has reportedly dropped $43 million on a Florida apartment complex.
The Manhattan judge set to oversee the criminal trial of former State University of New York President Alain Kaloyeros and three other men accused of rigging bids in the state's so-called Buffalo Billion revitalization effort turned aside a defense subpoena Thursday that sought information about a jailed cooperating witness.
The Supreme Court of New Jersey has ordered that a Philadelphia attorney be reprimanded for failing to oppose a dismissal motion or keep a married couple informed while representing them in a forced mortgage default action, which resulted in lenders filing a foreclosure complaint against the couple.
Florida urged the state’s Supreme Court on Wednesday not to take up an appeal by two law firms that say an appellate court erred in upholding a public records exemption protecting certain personal information held by the state’s financial services agency for participants in two real estate insurance programs.
Freshfields Bruckhaus Deringer LLP and Roschier Attorneys Ltd. represented Finland-based real estate firm Kojamo PLC in connection with its initial public offering, which the company said Thursday is expected to generate gross proceeds of roughly €150 million ($174.5 million).
National Union Fire Insurance Co. doesn’t have to pay for a subcontractor’s $5 million settlement tied to damage resulting from the installation of a retaining wall, a Maryland federal court ruled Tuesday, finding a “damage to impaired property” exclusion applies.
The federal government slapped a New Jersey town with a lawsuit Wednesday over its refusal to approve an Orthodox Jewish group's plans to build a new house of worship, in alleged violation of religious land-use law.
A New York City real estate developer who demolished the famed graffiti space 5Pointz won't get a new trial, after a federal judge Wednesday issued a scathing opinion that blasted the owner for lying in court and other “egregious behavior.”
The Related Group told a Florida appeals court Wednesday that Ball Janik LLP should be disqualified from representing a Fort Myers condominium association in litigation over construction defects because the firm has represented both the association and subcontractors involved in the dispute.
A ruling Tuesday by New York’s highest court limiting to three years the time in which the state attorney general’s office can bring securities fraud claims under the Martin Act could hamper complicated cases involving large financial services firms, especially if prosecutors are seeking to charge individuals, legal experts said Wednesday.
A Hana Asset Management venture has reportedly picked up a Silicon Valley campus leased to eBay for $132.5 million, a GW Properties venture is said to have bought a Chicago gas station and garage for $10.4 million and plans to build retail there, and Vincent Viola's $80 million New York mansion sale has reportedly fallen through.
Griffin-American Healthcare REIT IV Inc. has reached a deal to buy a portfolio of skilled nursing properties in Missouri for $88.2 million, according to an announcement on Wednesday from the real estate investment trust's cosponsors.
The city and state of New York squared off before a state judge Wednesday against a legal coalition that has sued over the constitutionality of the city's property tax system, with the governments saying the suit must be dismissed and the taxpayer group saying the system is so unfair that the court must intervene.
A real estate executive who says his signature on a certificate helped clear the way for Wynn Resorts' $2.5 billion Encore Boston Harbor hotel and casino sued the company Tuesday in Massachusetts federal court, claiming Wynn owes him a promised $18.68 million payment.
The Blackstone Group has agreed to buy an Australian real estate investment trust for roughly AU$3.08 billion ($2.33 billion), according to a Wednesday statement, in a deal that comes only one day after the private equity giant closed two multibillion-dollar investment funds.
A Chicago-based immigration attorney accused by the U.S. Securities and Exchange Commission of pocketing money from foreign investors seeking EB-5 visas urged an Illinois federal court Tuesday to rethink a decision barring him from representing several supplemental defendants in the case, rebutting contentions that there is a conflict of interest.
Private equity-backed online real estate broker Opendoor, with counsel from Cooley LLP, has raised $325 million in Series E financing and with the latest round has now raised a total of $645 million, according to an announcement on Wednesday from the San Francisco-based company.
Seattle-based Cairncross & Hempelmann PS has added three associates to its construction litigation, intellectual property and technology, and real estate practices, the firm said Tuesday.
The Consumer Financial Protection Bureau’s move last week to end its administrative proceedings against mortgage services provider PHH Corp. turns the page on one of the more controversial episodes in the agency’s history but still leaves some loose threads to wrap up, legal experts say.
A Manhattan real estate brokerage firm Monday filed a putative class action against Airbnb Inc. in New York state court alleging the home-sharing site illegally and deceptively competes in the city’s rental market, months after a federal court judge tossed a similar suit from the firm.
The first quarter of 2018 was above average in terms of Foreign Corrupt Practices Act investigations closed by U.S. regulators without enforcement. But the government may return to more assertive enforcement in the future — and companies and individuals may still face liability long after the "completion" of any misconduct, says Collmann Griffin of Miller & Chevalier Chtd.
After six months of wrangling over the fate of a proposal to modernize the Committee on Foreign Investment in the United States, the U.S. Congress appears primed to streamline the CFIUS review process. As it currently stands, the proposed legislation would alter the process in many critical respects, say attorneys with Gibson Dunn & Crutcher LLP.
Enforcement of the Foreign Corrupt Practices Act was relatively slow during the first quarter of 2018, with only three fairly low-value corporate enforcement actions announced between January and March of the year. But the announced second quarter settlements and likely future dispositions suggest that 2018 still may be an active year overall for FCPA enforcement, says Collmann Griffin of Miller & Chevalier Chtd.
The U.S. Supreme Court's restraint in its Upper Skagit decision is appreciated in Indian Country. Even if the immovable property doctrine applies equally to states and tribes as the dissent suggests, the doctrine is not necessarily worth keeping in today's nonmonarchial society, says Jennifer Weddle of Greenberg Traurig LLP.
Climate resiliency measures to abate future disasters in coastal cities like Boston need to be taken now to avoid disasters and save hundreds of billions of dollars in the future. But climate change needs a master plan; it cannot be left to thousands of cities to coordinate efforts — that is what our federal system is for, says Michael Parker of Rackemann Sawyer & Brewster.
Despite the partiality some courts have shown to live video testimony, it provides no advantages — and several disadvantages — over the tried-and-true method of videotaped depositions, say attorneys with Skadden Arps Slate Meagher & Flom LLP.
One of the benefits of the Tax Cuts and Jobs Act — tax incentives for investments in qualified opportunity zones — is undeniable, particularly in Virginia. However, given the 2026 recognition deadline, taxpayers should consider making investments by year's end to take full advantage of the tax incentive’s deferral and exclusion opportunities, says Jenny Connors of Williams Mullen.
As renewable energy and energy storage drive electricity prices down, generation revenues should further decline, which should lower the valuation of coal, nuclear and natural gas power plants. Yet assessments of fossil fuel generation assets have generally remained steady, suggesting they are being significantly overvalued, says Mark Lansing of Dickinson Wright PLLC.
All signs are positive that Reno, Nevada, will continue to grow thanks to its booming economy and low-tax environment. The way Nevada assesses properties' taxable value results in values significantly lower than market value, though there has been some pressure to change this methodology legislatively, say Joshua Hicks and Paul Bancroft of McDonald Carano LLP.
"Uncivil Warriors: The Lawyers' Civil War," by Peter Hoffer, is a new book about the involvement of lawyers on both sides in the American Civil War. The discussion is enlightening and often fascinating, but falls short in several key areas, says Federal Circuit Judge Evan Wallach.