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Real Estate

  • December 3, 2018

    NYC Council Bill, Hearings To Target Amazon Deal's Secrecy

    After Amazon's win of major tax breaks from New York to place its new offices in New York City, three City Council members have said they'll introduce legislation targeting secrecy in such negotiations, while the council speaker said he would hold public hearings to scrutinize the deal.

  • December 3, 2018

    High Court Won't Hear Houston Residents’ Suit Over Flooding

    The U.S. Supreme Court on Monday denied a petition for review brought by Houston residents alleging that a city tax reinvestment zone led to street and drainage projects in their area that caused their homes to flood during periods of heavy rainfall.

  • December 3, 2018

    Data-Driven Lawyer: DLA Piper's Eric Falkenberry

    DLA Piper’s Eric Falkenberry quantifies litigation risk for buyers and sellers in the M&A arena, runs data boot camps for colleagues and helps dream up innovative new analytics tools, earning him a spot on our 2018 list of Data-Driven Lawyers.

  • December 3, 2018

    MVP: Weil's David Herman

    David Herman, a New York-based Weil Gotshal & Manges LLP real estate partner, helped steer Canada’s Brookfield Asset Management Inc. through tens of billions of dollars in deals this year, earning him a spot as one of Law360’s 2018 Real Estate MVPs.

  • December 3, 2018

    Pircher Nichols Nabs Real Estate Partner From Sidley Austin

    Real estate boutique Pircher Nichols & Meeks LLP has brought onboard a new lateral real estate partner from Sidley Austin LLP, and the new hire strengthens the firm's institutional lending practice, Pircher Nichols exclusively told Law360 on Monday.

  • November 30, 2018

    The Data-Driven Lawyers Of 2018

    Big Data. Statistical Analysis. Insights. Innovation. These data-driven lawyers are making their mark on the legal industry and developing systems and practices that will change the way law is practiced in the 21st century.

  • November 30, 2018

    Ex-DOJ Worker, Fugees Star Owe $73M For 1MDB Ties: US

    The U.S. Department of Justice filed a forfeiture action in D.C. federal court Friday seeking more than $73 million and accusing one of its own former employees and a founding member of the renowned hip-hop group Fugees of participating in the billion-dollar fraud scandal involving 1Malaysia Development Berhad, or 1MDB.

  • November 30, 2018

    Sears Looks To Sell Package Of Stores, Leases For $62M

    Sears Holding Corp. has asked a New York bankruptcy court for permission to sell 13 Kmart and Sears locations for $62 million to a real estate buyer for U-Haul International, saying the stores are not essential to its future operations.

  • November 30, 2018

    FTC Says Belize Real Estate Project Scammed 1K Investors

    A Federal Trade Commission suit unsealed Thursday alleges that a group of companies and their officers perpetuated the largest offshore real estate scam ever targeted by the commission, selling lots to more than 1,000 individuals in a southern Belize real estate development that has not been completed despite raking in more than $100 million.

  • November 30, 2018

    NJ Justices Disbar Attys For Deception, Misappropriation

    The New Jersey Supreme Court has stripped two attorneys of their licenses to practice law in the Garden State, one of whom duped ethics authorities following a lengthy history of infractions, and another who misappropriated hundreds of thousands of client funds.

  • November 30, 2018

    3rd Circ. Upholds Rent Recoupment Plan In Casino Ch. 11

    A Third Circuit panel on Friday upheld a nightclub and beach club owner’s lease agreement with the new owners of a casino that filed for Chapter 11, ruling that the Bankruptcy Code and the doctrine of equitable recoupment entitle the owner to reduce his rent obligation in keeping with the lease agreement he held with the casino.

  • November 30, 2018

    Toys R Us Asia JV Settlement Gets Bankruptcy Court Approval

    A Virginia bankruptcy judge on Friday approved a settlement between Toys R Us investors and the minority equity holder in the toy giant’s $900 million in Asian business, clearing the way for the investors to buy an 85 percent stake in the overseas assets.

  • November 30, 2018

    Texas Justices Pass On AT&T Lease Payment Battle

    The Texas Supreme Court opted Friday not to take up a long-running dispute between two companies fighting for ownership of a Houston-area parcel of land where an AT&T cell tower sits and years of lease payments from the carrier, rejecting AIC Management Co.’s bid to revive the case.

  • November 30, 2018

    Ocwen Robocall Suit Gets New Interim Lead Counsel

    Burke Law Offices LLC and Terrell Marshall Law Group PLLC have won the position of interim lead counsel in a proposed class action, currently stalled mid-settlement in Illinois federal court, against Ocwen Loan Servicing accusing the mortgage loan servicer of making millions of robocalls to customers without their permission.

  • November 30, 2018

    Real Estate Rumors: MASA Global, Ares, Phoenix Realty

    MASA Global has reportedly bought a Florida office building for nearly $12.9 million, private equity shop Ares Management is said to have dropped $124.5 million on a California office property, and Phoenix Realty Group has reportedly paid $69.7 million for a Florida apartment complex.

  • November 30, 2018

    Real Estate Moguls On The Move

    Warburg Pincus, CBRE, FCP and Grandbridge were among various companies that made real estate hires in November.

  • November 30, 2018

    Landlord Loses 5th Circ. Rehearing Bid In Lease Case

    The Fifth Circuit has refused a Texas shopping center landlord’s bid for a rehearing in a liability insurance case, finding that the insurer does not have to provide coverage for the landlord’s failure to complete commercial lease negotiations with a new restaurant on time.

  • November 30, 2018

    Gas Co. Asks 10th Circ. To Rethink Tribal Pipeline Ruling

    A gas pipeline company urged the full Tenth Circuit on Thursday to reconsider a circuit panel’s recent ruling that the company couldn’t condemn land in which the Kiowa Tribe has a small interest, saying the ruling and another Tenth Circuit decision could hamper gas pipeline development at a critical time.

  • November 30, 2018

    The Laterals Audit: Tax Attorney Moves In November

    In the November edition of the Laterals Audit, a former Hinckley Allen & Snyder LLP lawyer experienced in federal, state and international tax planning and compliance rejoins Day Pitney LLP, Venable LLP nabs an ex-Holland & Knight LLP attorney, and Allen Matkins Leck Gamble Mallory & Natsis LLP takes on a former CliftonLarsonAllen attorney for its Los Angeles office.

  • November 30, 2018

    Mich. Nonprofits Say Tribe's Reservation Boundary Claims Fail

    Two Michigan nonprofit groups have backed a bid in federal court by several Michigan cities and counties to end a suit by the Little Traverse Bay Bands of Odawa Indians seeking recognition by the state of its reservation boundaries, arguing that the tribe is barred from any reservation claim.

Expert Analysis

  • Opinion

    Celebrate Veterans By Improving Their Access To Justice

    Linda Klein

    Attorneys should think beyond the Veterans Day parades and use their time and talents to help the many veterans facing urgent legal issues, says Linda Klein of Baker Donelson Bearman Caldwell & Berkowitz PC.

  • REITs With International Operations Get Welcome IRS Ruling

    David Miller

    A revenue procedure released by the IRS in September provides important, albeit limited, relief to real estate investment trusts with international operations on certain unanswered questions, say David Miller and Christian Brause of Sidley Austin LLP.

  • Opinion

    Time To Reclaim Wellness For All Lawyers

    Leesa Klepper

    The decision last month by Baker McKenzie’s global chairman to step down due to exhaustion indicates that the legal profession needs to mount a broader wellness effort to address long hours, high stress, frequent travel and the daily demands of practice, says Leesa Klepper, director of Thrivewell Coaching.

  • Avoiding Transfer Pricing Scrutiny On Loans To Blocker Corps

    Brad Wagner

    Blocker corporation financing transactions are being scrutinized by the IRS Large Business and International division as part of its transfer pricing campaign. The division is focusing on two specific issues in its transfer pricing audits, says Brad Wagner of Wagner Duys & Wood LLP.

  • Appraising Property Taken By Eminent Domain In Mass.

    John Bowen

    When the government seizes property by eminent domain, Massachusetts compensation rules are favorable to property owners, but appraisal will require consideration of many hypothetical factors, as well as all three time frames — the past, the present and the reasonably foreseeable future, says John Bowen of Rackemann Sawyer & Brewster PC.

  • Next Steps For Oil And Gas Owners If Colo. Passes Prop 112

    Brent Owen

    On Tuesday, Colorado voters will decide whether to enact a ballot initiative that significantly restricts oil and gas development. If Proposition 112 passes, owners of oil and gas mineral interests will likely seek redress for the loss of their valuable property rights, says Brent Owen of Squire Patton Boggs LLP.

  • An In-Depth Guide To The Opportunity Zone Guidance: Part 2

    Marc Schultz

    Last month, the U.S. Department of the Treasury released proposed regulations for the new opportunity zone program. In the concluding part of this series, Marc Schultz of Snell & Wilmer LLP analyzes the guidance as it pertains to opportunity zone businesses and opportunity zone business property. 

  • Putting The Brakes On Construction Defect Suits In Texas

    Pierre Grosdidier

    In conjunction with Texas' litigation-curbing measures introduced in 2015, a state appellate court's recent decision in Mosaic v. 5925 Almeda, denying a condo owners association standing to sue for construction defects, may reduce the number of such lawsuits, says Pierre Grosdidier of Haynes and Boone LLP.

  • An In-Depth Guide To The Opportunity Zone Guidance: Part 1

    Marc Schultz

    On Oct. 19, the U.S. Department of the Treasury released proposed regulations, a related revenue ruling and Form 8996 pertaining to the new opportunity zone program. In this two-part article, Marc Schultz of Snell & Wilmer LLP analyzes material portions of this highly anticipated guidance and highlights where guidance is still necessary.

  • Protecting Law Firm Talent At Both Ends

    Susan Blakely

    By 2030, it is possible that 75 percent of lawyers practicing in the U.S. will be millennials. A broadened focus on retention and advancement of all young lawyers is therefore a logical step forward but it fails to address another major retention issue that law firms should explore, says Susan Smith Blakely of LegalPerspectives LLC.