We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Real Estate

  • June 18, 2018

    Ex-SUNY Prez Tells Jury He Cut Red Tape For 'Buffalo Billion'

    Former State University of New York President Alain Kaloyeros denied scheming with developers in a fraudulent end-run around the contracting process in Gov. Andrew Cuomo's "Buffalo Billion" revitalization effort, telling a Manhattan federal jury Monday his goal was to move nimbly on three projects worth $600 million.

  • June 18, 2018

    In Their Own Words: Minority Partners On Reaching The Top

    Despite decades of industrywide initiatives, movement up the ladder has stagnated for minority lawyers. Here, five industry success stories tell Law360 about the paths they took and what needs to change in BigLaw.

  • June 18, 2018

    LaSalle Board Of Directors Backs Blackstone's $4.8B Bid

    Maryland-based real estate investment trust LaSalle Hotel Properties said Monday its board of trustees has determined that Pebblebrook Hotel Trust's $4.17 billion offer to acquire the company does not amount to a "superior proposal" under the terms of its $4.8 billion merger agreement with private equity firm Blackstone Group LP that includes debt.

  • June 18, 2018

    Deals Rumor Mill: GameStop, Kraft Heinz, Forest City Realty

    Video game retailer GameStop could be sold to a private equity firm, Kraft Heinz is mulling a sale of a powdered milk energy drink brand in India called Complan and Forest City Realty is once again in talks to be taken over by Brookfield Asset Management.

  • June 18, 2018

    High Court To Consider Feds' Hovercraft Ban In Alaska Again

    The U.S. Supreme Court agreed on Monday to review a Ninth Circuit ruling holding that the National Park Service has the right to enforce its hovercraft ban on an Alaska river, setting the high court up to consider the dispute for the second time.

  • June 18, 2018

    DLA Piper Guides WP Carey In $6B REIT Merger

    Commercial-focused net lease real estate investment trust W. P. Carey, led by DLA Piper, unveiled plans Monday to simplify its structure and bolster its portfolio by buying Corporate Property Associates, a REIT it advises, in an all-stock deal worth roughly $6 billion.

  • June 15, 2018

    Minority Lawyers On Why They Left BigLaw

    Despite the proliferation of diversity committees and inclusion initiatives, corporate law firms remain overwhelmingly white and male, especially at leadership levels. Here, minority attorneys discuss their reasons for leaving a large firm.

  • June 15, 2018

    Taking On The ‘Petri Dish’ Of BigLaw Bias

    The often-informal processes for deciding matters like compensation at law firms can create, as one expert put it, a “petri dish” for the effects of unconscious bias. Here’s how some firms are looking to shake up the system.

  • June 15, 2018

    The Best Firms For Minority Attorneys

    While U.S. law firms have long vowed to make their ranks more diverse and inclusive, the industry has long failed to deliver on those promises. Here are the firms making some headway, according to this year’s Diversity Snapshot.

  • June 15, 2018

    Law360’s Diversity Snapshot: By The Numbers

    Efforts to increase diversity have again yielded few meaningful changes in law firm demographics, according to Law360’s annual headcount survey, even as law schools continue to enroll students of color in increasing numbers.

  • June 15, 2018

    Law360’s Pro Say: What BigLaw Should Do About Diversity

    For years law firms have had programs aimed at increasing attorney diversity, but nothing is working. On this week’s Pro Say podcast we take a look at our latest survey of diversity at law firms, and unpack what experts say are the things that could actually move the needle on this issue.

  • June 15, 2018

    3rd Circ. Says RICO Claims Must Cover More Than 9 Months

    Two real-estate insurance companies escaped accusations of fraud from two former customers when the Third Circuit ruled Thursday that the alleged activity did not occur long enough to establish a pattern of racketeering.

  • June 15, 2018

    10 Firms To Steer Biotech-Heavy IPO Lineup Exceeding $1B

    Ten firms are slated to guide 10 initial public offerings projected to raise about $1.3 billion during the week of June 18, representing a lineup dominated by biotechnology issuers plus a real estate investment trust as IPO season hits a busy stretch before the July 4 holiday.

  • June 15, 2018

    Philly Hotel Sued For $9M Over Air Rights

    A Montgomery County-based company has filed a $9 million suit in Pennsylvania state court against the owners and managers of a newly opened downtown Philadelphia hotel that the company claims infringed on its air rights.

  • June 15, 2018

    Airbnb Loses Free Speech Challenge To Rental Ordinance

    A California federal judge on Thursday echoed his previous ruling against Airbnb Inc. and HomeAway.com Inc. in dismissing the case and constitutional challenges to a Santa Monica city ordinance that bans unregistered short-term rentals.

  • June 15, 2018

    OneWest Again Avoids Fraud Claim In Foreclosure Action

    A New Jersey state appeals court has refused to revive a consumer fraud claim against OneWest Bank FSB in a mortgage foreclosure action, saying a trial court properly found that the bank could not be held liable since its predecessor has not been connected to the allegedly illicit conduct of a mortgage broker.

  • June 15, 2018

    Taxation With Representation: Wachtell, Shearman, Simpson

    In this week’s Taxation with Representation, KKR bought Envision Healthcare for $9.9 billion, Gebr. Knauf KG bought rival USG Corp. for $7 billion, Blackstone bought Investa Office Fund for $2.3 billion and Royal Caribbean Cruises scooped up Silversea Cruises for $1 billion.

  • June 15, 2018

    FTC Adds 3 Years To CoreLogic Data Licensing Conditions

    The Federal Trade Commission has voted to extend its conditions on CoreLogic Inc.'s $661 million deal for private equity-owned rival DataQuick Information Systems Inc. for another three years, saying Friday that the company hadn’t completely complied with the initial deal conditions.

  • June 15, 2018

    Real Estate Rumors: Walgreens, KKR, Trammell Crow

    Walgreens Boots Alliance is reportedly close to taking more than 200,000 square feet of Chicago office space, a KKR joint venture is said to have dropped $250 million on a Miami office tower and developer Trammell Crow has reportedly picked up a Florida retail center for $30.1 million.

  • June 15, 2018

    Swire Properties Sells 2 Hong Kong Towers For $1.9B

    Hong Kong developer Swire Properties Ltd., which is majority-owned by private equity shop Swire Pacific, has reached a deal to sell a pair of Hong Kong office towers to Henglilong Investments Ltd. for HK$15 billion ($1.91 billion), according to an announcement from Hong Kong-based Swire on Friday.

Expert Analysis

  • Analyzing The Economics Of Litigation Funding

    J.B. Heaton

    The growth of litigation funding has only increased the controversy surrounding it. Looking to move beyond the rhetoric for and against the practice, attorney and investment analytics expert J.B. Heaton, of J.B. Heaton PC and Conjecture LLC, attempts an objective analysis of the underlying economics of the litigation funding arrangement.

  • Rule 23 Changes: How Electronic Notice Can Save Money

    Brandon Schwartz

    Courts are acknowledging a shifting consumer preference toward electronic mediums. Proposed changes to Rule 23, scheduled to take effect at the end of this year, will officially provide for the use of electronic notice in class actions — a change that could save parties a significant amount of money, say Brandon Schwartz and Maggie Ivey of Garden City Group LLC.

  • How We Got Here: A Look Back At Trailblazing Women In Law

    Jill Norgren

    Today's female lawyers stand on the shoulders of several generations of pioneers. Here, historian Jill Norgren explains how the status of women in the legal profession has changed since the 1870s.

  • Indian Nations' Fee Lands Protections Are On Shaky Ground

    Neasa Seneca

    While the U.S. Supreme Court's decision in Upper Skagit v. Lundgren stopped short of creating an immovable property exception to tribal sovereign immunity, the decision signals a willingness to do so. Indian nations should proceed with caution in applying the Nonintercourse Act to lands owned in fee simple, says Neasa Seneca of Lippes Mathias Wexler Friedman LLP.

  • Illinois’ Unique Lease Tax Leaves Lessors Liable

    David Machemer

    While most jurisdictions impose sales tax on lease receipts collected from the equipment lessee, Illinois differs by treating the lessor as the user of the equipment and consequently responsible for Illinois use tax. This presents some unique challenges for lessors, says David Machemer of Horwood Marcus & Berk Chtd.

  • 3 Ways FERC Could Increase Pipeline Review Transparency

    Barbara Jost

    The Federal Energy Regulatory Commission recently solicited public comments on whether to revise its policies governing approval of new natural gas pipelines. This may not ultimately result in significant revisions to pipeline approval procedures. But a few simple changes could enhance public confidence in pipeline siting, says Barbara Jost of Davis Wright Tremaine LLP.

  • NY Unincorporated Biz Tax Proposal Overshoots Its Mark

    Leah Robinson

    The New York State Department of Taxation and Finance just released for comment a draft bill to enact a new unincorporated business tax. While that is a laudable goal, the proposal as currently drafted appears to generate substantially more revenue for the state than the benefit to individual partners would seem to justify, say attorneys at Mayer Brown LLP.

  • Introducing The Legal Industry To Millennial Business Owners

    Yaima Seigley

    ​The current business climate has produced vast opportunities for seasoned lawyers to create valuable connections with millennial business owners, but first lawyers must cleanse their palate of misconceptions regarding millennials, says Yaima Seigley of Isaac Wiles Burkholder & Teetor LLC.

  • Opinion

    Why Won't Judicial Nominees Affirm Brown V. Board Of Ed?

    Franita Tolson

    On May 17, 1954, the U.S. Supreme Court decided Brown v. Board of Education, recognizing a moral and legal truth that should be beyond question in American society. The refusal by some of President Donald Trump's judicial nominees to say whether they believe the case was decided correctly is indicative of the narrow-minded elitism they would bring to the bench, says professor Franita Tolson of the University of Southern California's Gould School of Law.

  • The Lawyers' Guide To Cloud Computing

    Daniel Garrie

    In deciding whether cloud computing is right for the organization or firm, an attorney must consider cloud computing’s significant impact on the electronic discovery process, say Daniel Garrie, managing partner at Law & Forensics LLC, and David Cass, chief information security officer at IBM Cloud.