Real Estate

  • 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.

  • December 7, 2017

    Fed. Reform Means Scores Of Tax Decisions Await States

    A swift march toward tax reform by the U.S. Congress means state legislatures, which gavel in next month, will be faced with responding to a giant overhaul of the federal tax code.

  • December 7, 2017

    4 Things To Watch As Harvey Flood Claims Move Forward

    The path forward for thousands of Texas homeowners suing the government over flooding in the wake of Hurricane Harvey recently came into sharper focus with a judge's order on how their claims should proceed, but the different groups of residents still face a long road of significant, and different, hurdles to prove liability.

  • December 7, 2017

    3 Drivers Of Real Estate M&A In 2017

    Real estate mergers and acquisition activity remained strong in 2017 as a yearslong upward trend continued, and lawyers attribute the continued deal flow to several factors, including continued interest in the asset class from foreign firms. Here, Law360 looks at three drivers of real estate M&A in 2017.

  • December 6, 2017

    Tribes Seek Seat At Table In Bridgeport Casino Talks

    Two tribes that own casinos in Connecticut and are seeking to open one together want to be part of any discussions about a possible Bridgeport gaming facility, they told state lawmakers in a letter Tuesday, amid buzz around MGM Resorts International’s plan to seek approval for a $675 million resort casino in the city.

  • December 6, 2017

    SEC Closes The Book On Sam Wyly Case With $198M Paid

    A Texas federal judge closed out the U.S. Securities and Exchange Commission’s long battle with investor Sam Wyly and his family on Tuesday, releasing them from an asset freeze in the wake of the full payment of a $198 million settlement.

Expert Analysis

  • 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

    John Bartlett.jpg

    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.

  • 10 Tips For Effective Practice Before The 5th Circ.

    Justin Woodard

    The Fifth Circuit is among the busiest federal circuit courts in the country. What can you do to increase your chances of reaching oral argument? And if given the opportunity, how can you present a persuasive argument? Former Fifth Circuit clerk Justin Woodard, an associate at Jones Walker LLP, shares some advice.

  • Drafting Tips For Real Estate Purchase And Sales Agreements

    William Hof

    When negotiating a real estate purchase and sale agreement, parties are often unpleasantly surprised or disappointed by what initially seemed to be minor points. Parties would be well-served to give the details the time they deserve in order to ensure that the agreement delivers the anticipated result, says William Hof of Husch Blackwell LLP.

  • Preparing Your Company Witnesses For The Gotcha Question

    Matthew Keenan

    Catching a witness flat-footed on an important topic is no longer confined to cable news, and corporate legal defenses can likewise die when witnesses profess ignorance on things that jurors believe they should know. However, employing some common sense tools can minimize potential harm, says Matthew Keenan of Shook Hardy Bacon LLP.

  • Series

    Judging A Book: Saris Reviews 'Locking Up Our Own'

    Judge Patti Saris

    Having just completed a six-year term as chair of the U.S. Sentencing Commission, I read Yale Law School professor James Forman's new book, "Locking Up Our Own: Crime and Punishment in Black America," with particular interest, says Judge Patti Saris, chief judge for the U.S. District Court for the District of Massachusetts.

  • Opinion

    Whistleblower Protections Are At Risk At The High Court

    Stephen Kohn

    The U.S. Supreme Court is poised to hear argument in Digital Realty Trust v. Somers, but if it decides to strip the protections of employees who report violations of law to in-house managers it will constitute the greatest setback for voluntary compliance programs since they were established in the mid-1980s, says Stephen Kohn of Kohn Kohn & Colapinto LLP.

  • What's Next After Calif. Homeowner Bill Of Rights Sunsets

    Ashley Fickel

    On Jan. 1, 2018, certain provisions of the California Homeowner Bill of Rights are scheduled to expire. This will cause several changes in the requirements for those servicing large portfolios of resident mortgage loans, but servicers will undoubtedly continue to see similar claims in 2018 and beyond, says Ashley Fickel of Dykema Gossett PLLC.

  • How Shell Companies Launder Money In Luxury Real Estate

    Neil Axler

    The past decade has seen dramatic increases in the purchase prices of luxury residential real estate in New York and Florida as well as in the proportion of properties purchased through shell companies. Law enforcement officials are concerned that foreign criminals may be using the U.S. real estate market to launder dirty money, say attorneys with Stout Risius Ross LLC.

  • Roundup

    Judging A Book

    Constance Baker Motley

    Are the latest books on the judicial system worth reading? Federal judges share their thoughts in this series of book reviews.