Real Estate

  • December 11, 2017

    Detroit Residents Fire Back At Sanctions Bid In Arena Suit

    Michigan residents looking to block $56.5 million in tax dollars from funding the NBA's Detroit Pistons' relocation to a new arena fired back at an "unethical" bid to sanction and compel a deposition that the residents claim has already been agreed upon.

  • December 11, 2017

    Gates Keeps Defense Atty Despite Potential Conflict

    Indicted Trump lobbyist Rick Gates will continue to be represented by Manhattan white-collar attorney Walter Mack despite a potential conflict of interest involving a separate criminal case, Gates told a D.C. federal judge Monday.

  • December 8, 2017

    The Law Firms Of The 2017 MVPs

    Law360's MVP award goes to attorneys who have distinguished themselves from their peers in litigation, deals and other complex matters. Find the MVPs at your firm here.

  • December 8, 2017

    Law360 MVP Awards Go To Top Attorneys From 78 Firms

    The elite slate of attorneys chosen as Law360’s 2017 MVPs have distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.

  • December 8, 2017

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen a group of shipping companies sue Oman Insurance Co. PSC, RBC Trustees lodge a claim against UBS Employee Benefits Trust, and offshore law firm Appleby bring a confidential information suit against BBC and the Guardian. Here, Law360 looks at those and other new claims in the U.K.

  • December 8, 2017

    Fla. Judge Stops FWS Permit To Raze Miami Forest

    A Florida federal judge issued a temporary restraining order Friday on a permit the U.S. Fish and Wildlife Service issued to a residential and commercial project outside Miami, halting bulldozers that had begun to cut down more than 80 acres of wildlife habitat.

  • December 8, 2017

    MGM Touts $675M Casino Proposal To Conn. Lawmakers

    MGM Resorts International wrote to Connecticut’s governor and legislators on Thursday to champion its proposal for a new $675 million resort casino in Bridgeport, saying it welcomes two tribes’ desire to be involved in discussions about bringing a casino to the city because a competitive process would maximize the state’s economic benefits.

  • December 8, 2017

    Real Estate Rumors: LeBron James, Fla. Lots, Hubb NYC

    LeBron James has reportedly dropped $23 million on a second home in West Los Angeles, a pair of contiguous lots in Florida have reportedly sold for a combined nearly $30 million, and Hubb NYC is said to have picked up multiple retail condos in New York from a venture that includes private equity shop Carlyle Group for nearly $24 million.

  • December 8, 2017

    MG Properties Drops $117M On Calif. Apartment Complex

    MG Properties Group has picked up an apartment complex north of San Diego for $117.5 million, according to a release Thursday from the real estate investor.

  • December 8, 2017

    Real Estate Brokerage Leads 3 IPOs Set To Raise $762M

    Three companies are set to raise about $762 million combined from initial public offerings during the week of Dec. 11, led by a commercial real estate broker, private equity-backed cable equipment maker and biotechnology company, a small lineup that marks the start of a year-end slowdown.

  • December 8, 2017

    Globalworth Raises $455M In Upsized Offering

    Globalworth Real Estate has raised €340 million ($454.9 million) in a new offering of ordinary shares, surpassing the firm's earlier goal for the deal, according to the company's Friday announcement.

  • December 8, 2017

    Newbury Common Trustee Says $70M Fraud Was Avoidable

    The liquidating trustee appointed under the confirmed Chapter 11 plan of real estate firm Newbury Common Associates LLC filed a 16-count adversary complaint Thursday in Delaware alleging the company’s managers were negligent in allowing a third manager to perpetrate a fraud that cost Newbury $70 million and led to its bankruptcy.

  • December 7, 2017

    2nd Circ. Grapples With Ex-NY Sen. Sampson's Convictions

    A Second Circuit panel appeared skeptical of arguments from both sides in appeals related to ex-New York State Senate Minority Leader John Sampson on Thursday, meaning the Brooklyn Democrat might not see his obstruction and lying convictions overturned or have to go to trial on revived embezzlement charges.

  • December 7, 2017

    Firm Tells 9th Circ. It Can Tap Multiple Limits For Fraud Suits

    A Southern California law firm argued to the Ninth Circuit on Thursday that a Liberty Mutual unit should treat seven real estate fraud suits against the firm and its attorneys as separate claims rather than as one, as a lower court decided, saying the suits involve wildly varied allegations.

  • December 7, 2017

    Real Estate Rumors: WeWork, Allegro, ShopOne

    WeWork is reportedly close to a deal to lease two floors in Chicago, Allegro Senior Living is said to have landed a $44.5 million loan for a senior living project in Florida, and ShopOne Centers REIT has reportedly picked up a New Jersey grocery-anchored shopping center for $26.5 million.

  • December 7, 2017

    Georgia-Pacific Breached $1.9M Sale Deal, 1st Circ. Told

    A Massachusetts federal court was wrong to dismiss a lawsuit accusing Georgia-Pacific LLC of breaching an agreement to sell 88 railroad cars to a Massachusetts real estate company for $1.9 million, the real estate company told the First Circuit on Wednesday.

  • December 7, 2017

    Investors Blast BNY Mellon Bid To Sever Claims In RMBS Suit

    Investors suing the Bank of New York Mellon over its alleged failures as trustee for a slew of residential mortgage-backed securities trusts have told a New York federal judge that it’s not necessary to split off their claims related to one particular trust for which the bank acted not as trustee but as master servicer.

  • December 7, 2017

    Cypriot Real Estate Co. Awarded Rights To Kiev Shopping Mall

    A Cypriot company that runs several shopping centers in Ukraine said Thursday that a London court has rejected challenges to its rights in a Kiev mall, settling a yearslong dispute over the shopping center’s rightful ownership.

  • December 7, 2017

    SEC Wants Bankrupt Woodbridge Sanctioned Over Emails

    The U.S. Securities and Exchange Commission renewed its call for sanctions against real estate development and investment firm Woodbridge Group of Cos. LLC for failing to produce emails from two executives, arguing Thursday that recent declarations filed in the firm's bankruptcy tear apart the company's excuses for not producing the documents.

  • December 7, 2017

    Ex-NJ Atty Can't Beat Prison Term In $40M Fraud Scheme

    The Third Circuit on Thursday upheld the four-year prison term handed down to a former New Jersey attorney this year for his admitted role in a $40.8 million mortgage fraud scheme, saying that a district court properly justified giving him a longer sentence than a co-conspirator.

Expert Analysis

  • Series

    40 Years Of FCPA: The Siemens Lesson — Tillerson Is Right

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    Since its whopping $800 million Foreign Corrupt Practices Act settlement in 2008, Siemens cleaned up — and it has “cleaned up” in its long-standing competition with General Electric. How? As Secretary of State Rex Tillerson reportedly told President Donald Trump, you don’t need to pay bribes to succeed in international business, says Peter Y. Solmssen, former general counsel of Siemens.

  • Playing Against A Stacked Deck: Tenant Leasing Strategies

    Mark Foster

    It is a myth that landlord form leases are standard and not negotiable. Though corporate tenants may feel that they do not have the time or inclination to negotiate leases, they should be proactive in identifying and undoing the landlord traps found in form leases, says Mark Foster of Snell & Wilmer LLP.

  • Series

    40 Years Of FCPA: The Rise In International Enforcement

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    The 2008 Siemens matter — then the largest sanction ever imposed in a Foreign Corrupt Practices Act enforcement action — set the stage for future cross-collaboration in global anti-corruption enforcement, say Cheryl Scarboro, former chief of the FCPA Unit at the U.S. Securities and Exchange Commission, and Diana Wielocha of Simpson Thacher & Bartlett LLP.

  • Series

    40 Years Of FCPA: Highlights From The 1st Corporate Trial

    Robert Feldman

    The Foreign Corrupt Practices Act case of U.S. v. Harris Corp. was tried in March 1991 — so long ago that pretty much only the parties and counsel remember it. With a smile, I’ve just about given up correcting people who say their case is "the only FCPA case ever to be tried,” says Robert Feldman of Quinn Emanuel Urquhart & Sullivan LLP.

  • 7 Major Revisions To Standard Form Construction Contracts

    Brent Meyer

    Every decade, the American Institute of Architects issues revisions to the standard construction contract documents widely used in the industry to delegate various obligations and rights leading up to and during a construction project. Brent Meyer of Husch Blackwell LLP identifies this year’s major revisions and the parties impacted by each change.

  • Defining Prompt Notice In Florida Insurance Policies

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    As insurance claims trickle in after Hurricane Irma, some insurers are questioning how long is "too long" when it comes to Florida's prompt-notice requirement. Previous court rulings show that the answer may depend on the facts and circumstances of each case, says Christine Renella of Zelle LLP.

  • Series

    40 Years Of FCPA: The Strange Case That Started It All

    Burton Wiand

    At the U.S. Securities and Exchange Commission in April 1978, we filed a case against Page Airways and envisioned the trial of a precedent-setting enforcement action that would have defined Foreign Corrupt Practices Act standards at an early stage. Instead, the matter was settled under circumstances that I am sure are unique in SEC history, says Burton Wiand of Wiand Guerra King PA.

  • FinCEN Expands Anti-Money Laundering Targeting Orders

    John Rollins

    As signaled by its continued extension and expansion of its Geographic Targeting Program, the U.S. Department of the Treasury's Financial Crimes Enforcement Network will keep the high-end real estate industry firmly in its crosshairs, and may target additional segments of the U.S. real estate sector next, say John Rollins and Ahmed Eltamami of Stout Risius Ross LLC.

  • The Billing Evolution: How Far Along Is Your Firm?

    Sharon Quaintance

    In a recent study, 20 out of 25 law firms surveyed have made billing process improvement a top priority for 2018. Firms can foster consistency and increase efficiency at all stages of their billing cycle by focusing on a few specific procedures, say Sharon Quaintance and Christine Indiano at HBR Consulting.

  • Series

    What I Learned In My 1st Year: Seeing The Big Picture

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    When I started at the law firm where I still practice today, I discovered that very often the task at hand required not my razor-sharp analysis of the law, but my ability to read the motivations and meet the needs and expectations of actual human beings — whether through intellect, instinct, intuition or personal experience, says John Bartlett of Stites & Harbison PLLC.