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Real Estate

  • August 14, 2018

    Woodbridge Noteholder Group Slams Del. Ch. 11 Disclosures

    A group of Woodbridge Group noteholders on Monday urged the Delaware bankruptcy court to reject Woodbridge's Chapter 11 plan disclosures, saying they don't take into account the potentially tens of millions in secured and administrative claims the noteholders say they hold.

  • August 14, 2018

    Ill. AG Takes On Trump Tower Over Wastewater Permit

    The Illinois attorney general has accused the owners of Trump International Hotel and Tower in Chicago of violating state law by discharging heated wastewater into the Chicago River after its permits expired in August.

  • August 14, 2018

    Gibson Dunn Helps Deutsche Bank With $56M NYC Loan

    Gibson Dunn & Crutcher LLP represented Deutsche Bank AG in connection with its $56 million loan to DHA Capital LLC for a new residential condo property on Mulberry Street in Manhattan, according to records made public in New York on Tuesday.

  • August 14, 2018

    REIT Seeks To Arbitrate Homeowner’s Joist Defect Suit

    Weyerhaeuser Co. on Monday urged a Minnesota federal court to force a homeowner to arbitrate his claims that defective joists in his home gave off formaldehyde gas, arguing that not doing so would run afoul of a home purchase agreement and create more confusion.

  • August 14, 2018

    Real Estate Rumors: Columbia, Chiron, JPMorgan

    Columbia Property Trust is reportedly in talks to form a venture to purchase Ares Management's stake in a New York office project, Chiron Investments is said to have dropped $16.5 million on a former Miami nightclub, and JPMorgan has reportedly loaned $138 million for a Miami condo tower project.

  • August 14, 2018

    Horticultural Biz Broke Preservation Rules, NJ Justices Say

    The New Jersey Supreme Court found Tuesday that a family-owned horticultural business violated the state’s Agriculture Retention and Development Act by removing premier soil on preserved farmland to build greenhouses, reversing a ruling that said further findings were needed to determine if the company ruined the land.

  • August 14, 2018

    Manafort's Defense Rests Without Bringing Evidence

    Attorneys for former Trump campaign chair Paul Manafort rested their case on Tuesday, declining to present evidence to rebut the government's allegations that the political consultant concealed overseas earnings from the U.S. government to avoid paying taxes and borrowed money using bogus financial documents.

  • August 13, 2018

    David Boies On How Dyslexia Shaped His Practice

    One of the country’s highest-profile litigators, the Boies Schiller Flexner LLP chairman was diagnosed with dyslexia when he was in his 30s. In an interview with Law360, he talks about practicing law with the learning disability.

  • August 13, 2018

    BigLaw’s Mental Health Stigma Shows Signs Of Fading

    Sometimes viewed as an “invisible” disability, mental illness has long been forced under wraps because of the risk attorneys could face bias and stigma. Here’s how lawyers, law firms and other groups are starting to take on the status quo.

  • August 13, 2018

    AirBnB Claims Immunity From Miami Apartment Owners' Suit

    AirBnB Inc. told a Florida appeals court Monday that it should not have to face a lawsuit from Miami apartment complex owners fighting illegal short-term rentals in their buildings, saying the company is immune from liability for publishing third-party conduct under the Communications Decency Act.

  • August 13, 2018

    OIG Says Gov't Landlord Not Properly Tracking Unused Space

    The U.S. General Services Administration’s Public Buildings Service does not properly report all unused building space that it leases and therefore has not taken effective steps to either reuse or rid itself of that leased space, a GSA watchdog said.

  • August 13, 2018

    Deutsche Bank Gets Stay Of RMBS Indemnification Suit

    A New York federal judge has paused a proposed class action that accuses a Deutsche Bank unit of improperly funding its defense in a residential mortgage-backed securities trustee suit using money from the same trusts it is alleged to have mismanaged, finding that it would be more efficient to resolve the trustee suit first.

  • August 13, 2018

    10th Circ. Backs Feds' Win In Tribal Trust Account Dispute

    A Tenth Circuit panel on Monday backed a lower court's decision to toss a bid by the Alabama-Quassarte Tribal Town for a ruling that it is the rightful owner of a tribal trust account containing income derived from disputed land.

  • August 13, 2018

    Enviros Can't Stop Calif. Housing Permit Over Density Worries

    A California appeals court rejected a conservation group’s challenge to a plan to build six single-family homes on an approximately 11-acre piece of land in the city of Riverside, deciding that there was no basis for the group’s assertion that a further environmental assessment was needed.

  • August 13, 2018

    7th Circ. Backs Safeguard Properties In Debt Collection Suit

    The Seventh Circuit on Friday backed a lower court's decision that mortgage field servicing company Safeguard Properties LLC is not a debt collector and cannot be held to Fair Debt Collection Practices Act claims brought by a putative class of defaulted mortgage holders.

  • August 13, 2018

    NYC Real Estate Week In Review

    More than a half-dozen law firms worked on the largest New York City deeds that hit public records last week, a group of deals that spanned Manhattan, Brooklyn and Queens.

  • August 13, 2018

    Lehman Judge Keeps Mortgage Suits In NY Bankruptcy Court

    Lehman Brothers’ quest to hold a group of mortgage originators accountable for the $1.2 billion it paid to settle claims after their loans went belly up will stay in New York bankruptcy court, the judge overseeing the defunct investment bank’s Chapter 11 case said Monday.

  • August 13, 2018

    Real Estate Rumors: Blackstone, Melo, Brookfield

    Blackstone Group is reportedly in late-stage talks to sell a portfolio of properties in India for $285.9 million, Melo Group is said to have bought a Miami multifamily development site for $12.93 million and Brookfield Asset Management has reportedly secured a buy option for the land underneath a Manhattan office tower it's leasing.

  • August 13, 2018

    Cozen O'Connor Hires New Head For Calif. Franchise Practice

    Cozen O'Connor has hired the former chair of Snell & Wilmer LLP’s franchise services group to work from its Los Angeles office, where she will head up the firm’s global franchise practice.

  • August 13, 2018

    GLP Sells Industrial Properties To REIT In $765M Deal

    Japanese logistics firm Global Logistic Properties Ltd. will send eight logistics properties in Japan to the company’s real estate investment trust, GLP J-REIT, in a deal worth 84.9 billion yen ($765 million).

Expert Analysis

  • Will Blood Testing Revive Medical Monitoring Claims?

    Tony Hopp

    In Burdick v. Tonoga, a New York state trial court recently certified what appears to be the first medical monitoring class defined by the level of a particular chemical measured in class members’ blood serum, signaling a potential revival of interest in medical monitoring class actions, say attorneys with Steptoe & Johnson LLP.

  • 6th Circ. Clarifies Approach To Mandatory Abstention

    Tamar Dolcourt

    In HNRC Dissolution, the Sixth Circuit took a holistic approach to determining the core nature of a proceeding in bankruptcy, which will likely make it more difficult for litigants to obtain mandatory abstention in certain cases, says Tamar Dolcourt of Foley & Lardner LLP.

  • How NJ Law Protects Tenants By The Entirety

    Bruce Buechler

    A New Jersey state appellate court's decision in Jimenez v. Jimenez shows that when dealing with property owned by a husband and wife as tenants by the entirety, New Jersey law can impose very serious ramifications on a judgment creditor’s efforts to collect or levy on that property, says Bruce Buechler of Lowenstein Sandler LLP.

  • What Kavanaugh's Writing Tells Us About His Personality

    Matthew Hall

    People with certain personality traits tend to use certain words. A computer analysis of Judge Brett Kavanaugh’s D.C. Circuit opinions reveals that he is highly extraverted, which means that he would be a prominent voice on the U.S. Supreme Court, says Matthew Hall, a professor at the University of Notre Dame.

  • Opinion

    3 Pros, 3 Cons Of Litigation Finance

    Ralph Sutton

    An educated guess puts the number of new litigation funders launched in the past 18 months at 30 — an astonishing number, with more to come. Is this a blessing to our legal system or something more akin to tulip mania? Maybe both, says Ralph Sutton, founder and CEO of litigation funding firm Validity Finance LLC.

  • Modern Communication Brings E-Discovery Challenges

    Thomas Bonk

    As new communications platforms displace email, the legal industry is awkwardly grappling with complex e-discovery questions. Fortunately, this environment provides a very fertile ground of incentives for innovation in both e-discovery technology and service offerings, says Thomas Bonk of Epiq.

  • Recent Trends In Structuring CRE-CLOs

    Jason Schwartz

    Commercial real estate collateralized loan obligations are growing in popularity as a way to securitize mortgage loans. With careful tax planning, CRE-CLO structures can be powerful tools for securitizing pools of assets that are inappropriate for acquisition by a real estate mortgage investment conduit, say attorneys with Cadwalader Wickersham & Taft LLP.

  • Opinion

    It's Not All About The Benjamins, Baby (Lawyer)

    J.B. Heaton

    Notwithstanding the latest salary war among prominent law firms, I urge my middle-aged and older colleagues to help the recent graduates we know focus on the long term. Even if the salary is the same, there is a big difference between an institutional firm and the relatively younger firms matching BigLaw, says J.B. Heaton, a University of Chicago business law fellow and former partner at Bartlit Beck.

  • Claims Trading Lessons From Delaware Bankruptcy Court

    Michael Rupe

    The Delaware bankruptcy court's opinion last month in Woodbridge serves as a cautionary reminder that policy preferences for free claim assignability do not serve to nullify properly drafted anti-assignment provisions, say attorneys with King & Spalding LLP.

  • Series

    Judging A Book: Hood Reviews 'Lawyering From The Inside Out'

    Judge Denise Hood

    Law professor Nathalie Martin's new book, "Lawyering From the Inside Out: Learning Professional Development Through Mindfulness and Emotional Intelligence," can be of value to any lawyer aiming to achieve greater productivity, relieve the stress of the legal profession and focus on goals, says U.S. District Chief Judge Denise Page Hood of the Eastern District of Michigan.