Real Estate

  • December 1, 2017

    HFF Advises $144.5M Sale Of Boston Apartment Complex

    Real estate investment manager New Boston Fund Inc. sold a 217-unit apartment building in downtown Boston for $144.5 million, commercial real estate broker Holliday Fenoglio Fowler LP said Thursday.

  • December 1, 2017

    Taxation With Representation: Debevoise, Clifford, Sullivan

    In this week’s Taxation with Representation, Meredith Corp. acquired Time Inc. for $2.8 billion, Thoma Bravo picked up Barracuda for $1.6 billion, Cerberus snapped up BBVA’s real estate business for $4.74 billion and Altran shelled out $2 billion for Aricent.

  • December 1, 2017

    Senate GOP Reaches SALT, Pass-Through Tax Rate Deals

    The Senate’s $1.4 trillion tax cut bill appeared to be nearing final passage in the chamber Friday after agreements were reached to increase the tax benefit for pass-through businesses and permit a deduction for state and local property taxes.

  • November 30, 2017

    DC Circ. May Skip CFPB Fight After Cordray’s Exit

    The legal battle over who will temporarily lead the Consumer Financial Protection Bureau comes as the D.C. Circuit is considering whether the bureau's structure is constitutional, and experts say the fight over its leadership could lead the appeals court to punt on the constitutional question.

  • November 30, 2017

    Loss Of SALT Deduction Would Hurt Home Values: Realtors

    New research by the country’s largest real estate industry group showed that the impact of eliminating or capping deductions for state and local income, property and sales taxes, as envisioned in legislation making its way through Congress, could be worse than originally expected.

  • November 30, 2017

    Time-Share Exit Co., Counsel Dodge Resort's 'Shotgun' Suit

    A business that helps consumers leave time-share arrangements and its counsel ducked a resort company's claims against them when a Florida federal judge ruled Thursday that the complaint constituted a “shotgun" pleading and dismissed it.

  • November 30, 2017

    Paint Cos. Seek Rehearing In $1B Lead Paint Cleanup Suit

    Sherwin-Williams Co. and two other paintmakers asked a California appeals court to reconsider a decision that trimmed a $1.15 billion lead contamination judgment, saying Wednesday that the panel had ignored vital evidence about whether the companies had promoted the paint for use in homes.

  • November 30, 2017

    Caesars Sells Harrah’s Las Vegas To VICI REIT For $1.14B

    Caesars Entertainment Corp. has agreed to sell its iconic Harrah's Las Vegas Hotel and Casino to real estate investment trust VICI Properties Inc. for $1.14 billion and pay VICI $73.6 million for adjacent land to develop a new 300,000-square-foot convention center, the companies said on Thursday.

  • November 30, 2017

    Nashville Using MLS Stadium To End State Fair, Suit Says

    The government of Nashville is trying to shut down a state fair and related events by effectively giving away more than 60 acres of land, some of which is being set aside for a Major League Soccer stadium, counsel for the Tennessee nonprofit suing the government said Thursday.

  • November 30, 2017

    Senate Passes Bills Aimed At Tribal Energy, Job Issues

    The Senate moved nine Native American bills through the chamber by unanimous consent on Thursday, advancing a string of measures that aim to improve tribal issues ranging from energy development to language education.

  • November 30, 2017

    Mueller Strikes Deal Allowing Manafort Off House Arrest

    Indicted former Trump campaign manager Paul Manafort has reached a deal with special counsel Robert Mueller’s office for Manafort's release from house arrest in exchange for his pledging over $11 million in real estate to prevent him from fleeing, Manafort said in a court filing Thursday.

  • November 30, 2017

    Sidley, Kaufman Friedman Steer $150M Candler Tower Loan

    Sidley Austin LLP represented Manufacturers and Traders Trust Co. in connection with its $150 million loan to Kaufman Friedman Plotnicki & Grun LLP-counseled Epic LLC for an office tower in Times Square that’s home to Live Nation as well as a McDonald's franchise, according to records made public in New York on Thursday.

  • November 30, 2017

    Real Estate Rumors: Square Mile, American Realty, Goldman

    Square Mile is reportedly close to a deal to loan $250 million for a Manhattan office, retail and apartment project, American Realty Advisors is said to have sold a Chicago office tower for $80 million, and a Goldman Sachs venture has reportedly bought a San Diego business park for $45.7 million.

  • November 30, 2017

    Suit Over NJ Bias Litigation Deals Kicked To State Court

    A New Jersey federal judge on Wednesday sent back to state court a lawsuit alleging Bernards Township did not provide adequate notice of a meeting this year where officials approved settlements in litigation over plans to build a mosque in the municipality.

  • November 30, 2017

    Crow Member Pushes Justices To Hear Hunting Rights Case

    A Crow tribe member has further pressed the U.S. Supreme Court to hear his challenge to his conviction for illegally hunting out of season in Wyoming on unoccupied federal lands, arguing a lower court’s decision and the ruling it relied on are incorrect.

  • November 30, 2017

    Clarion Sells 13 Marriott Hotels To Skyline For $135M

    Canadian investment firm Skyline Investments Inc. has purchased 13 Courtyard by Marriott hotels located in Florida, Illinois and seven other states from Clarion Partners LLC for $135 million, according to an announcement on Thursday from Holliday Fenoglio Fowler LP and a prior announcement from Skyline.

  • November 30, 2017

    House Tax Bill May Have Domino Effect On Affordable Housing

    The tax bill in the U.S. House of Representatives would eliminate the tax-exempt bonds that have been crucial to getting affordable housing financed, and the change could also have a broader domino effect that lawmakers may not have been aware of when they drafted the bill, lawyers say.

  • November 29, 2017

    Breitburn Clears Ch. 11 Hurdle Amidst Creditor Deal

    Breitburn Energy Partners LP cleared a major hurdle in its Chapter 11 proceedings on Wednesday after a New York bankruptcy judge approved its disclosure statement and a crucial backstop agreement following an 11th-hour deal with creditors, even as shareholders vowed to continue fighting the contentious plan.

  • November 29, 2017

    Developer's $16.5M Award Reversed In Row With Fla. County

    A Florida appeals court on Wednesday reversed a $16.5 million award for the Richman Group of Florida Inc. against Pinellas County, ruling that the trial court wrongly concluded the county did not have a rational basis to deny Richman's proposed amendment to the county's land use plan that would have allowed the company to build a residential development.

  • November 29, 2017

    DOJ Clears RealPage's $300M Rent-Pricing Provider Deal

    Real estate data analytics and software provider RealPage announced Tuesday that its proposed $300 million acquisition of a revenue management system has been approved by the U.S. Department of Justice, clearing the purchaser’s latest move to bolster its data-driven pricing options for apartment complex owners and operators seeking to lease their properties.

Expert Analysis

  • A Potential New Hope For Indemnity And Contribution Claims

    Robert Naeve

    The Ninth Circuit's recent decision in Los Angeles v. Aecom is the first appellate decision to hold that the Americans with Disabilities Act does not necessarily preempt contribution claims as between co-defendants, possibly signalling a retreat from wholesale rejection of indemnity and contribution claims in ADA cases, says Robert Naeve of Jones Day.

  • Getting Real About Artificial Intelligence At Law Firms

    Mark Williamson

    Artificial intelligence needs to be legally defensible in order to be useful to law firms. There are requirements for making this happen, says Mark Williamson, co-founder and chief technology officer of Hanzo Archives Ltd.

  • Proportionality, Not Perfection, Is What Matters

    John Rosenthal

    A few jurists and commentators have recently caused a stir in the e-discovery community by arguing that litigants should avoid using keyword searches to filter or cull a document population before using predictive coding. This “no-cull” rationale undermines the principle of proportionality at the heart of the recent changes to Federal Rule 26, say John Rosenthal and Jason Moore of Winston & Strawn LLP.

  • Mixed Enforcement Signals For FHA Mortgage Lenders

    Douglas Baruch

    Two significant events in the last several weeks are forcing Federal Housing Administration mortgage lenders to scratch their heads in assessing the government’s intentions when it comes to pursuing fraud cases under the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.

  • Protect Your Insurance Recovery After California Fires

    Michael Levine

    In the aftermath of the Northern California wildfires, property loss estimates have exceeded $3 billion. Policyholders affected by the disaster should take prompt steps to maximize their insurance recoveries, and avoid key mistakes that could jeopardize coverage, say Michael Levine and Lorelie Masters of Hunton & Williams LLP.

  • Make Way For The 'Unicorns'

    Lucy Endel Bassli

    By "unicorn" I don’t mean the next great tech startup with a valuation of $1 billion. I mean the new breed of lawyers realizing that there are better ways to get their day jobs done, says Lucy Endel Bassli, assistant general counsel leading the legal operations and contracting functions at Microsoft Corp.

  • How Amazon HQ Search Compares To Gov't Contract Process

    Michael Mutek

    Amazon's competition for its second headquarters has garnered great interest and attention. The seven-page request for proposals may be short, but it shares certain key similarities with an RFP issued under the Federal Acquisition Regulation, say attorneys with Steptoe & Johnson LLP.

  • Series

    Judging A Book: McConnell Reviews 'Unequal'

    Judge John McConnell

    As widespread claims of sexual misconduct continue to surface in the entertainment industry and beyond, a discussion of how judges treat workplace discrimination cases may be particularly timely. Here, U.S. District Judge John McConnell reviews the book "Unequal: How America’s Courts Undermine Discrimination Law," by professors Sandra Sperino and Suja Thomas.

  • Defending The National Historic Preservation Act: Part 2

    Ann Berkley Rodgers

    Tribal consultation pursuant to the National Historic Preservation Act can and should be a collaborative process. Tribes should not be fearful of collaborating with project proponents, and federal agencies must allow for new strategies that are best suited to the proposed project, say attorneys with Chestnut Law Offices PC and Hobbs Straus Dean & Walker LLP.

  • Financial Crisis Anniversary

    A Crisis Caused By Housing Policies, Not Lack Of Regulation

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    Supporters of the Dodd-Frank Act regularly claim that any change or reform of that law will open the U.S. economy to another financial crisis. This view is based on the fallacious idea that the crisis 10 years ago was the result of insufficient regulation of banks, says Peter Wallison, a senior fellow at the American Enterprise Institute and a dissenting member of the Financial Crisis Inquiry Commission.