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Real Estate

  • November 29, 2018

    Tribes See Progress On Crime, Okla. Land, Distillery Bills

    The Senate Committee on Indian Affairs passed bills Wednesday dealing with criminal jurisdiction, blood quantum requirements for Oklahoma tribal lands, and federal rights-of-way, a day after the full Senate approved legislation to resolve a separate jurisdictional issue over crime for an Iowa tribe and allow tribes to operate distilleries.

  • November 29, 2018

    Real Estate Rumors: DR Horton, Rabsky, WeWork

    Homebuilder DR Horton is said to have bought 13.6 acres in Florida, a Rabsky Group venture has reportedly landed a $65 million loan for a New York residential and retail project and WeWork is said to be taking 29,000 square feet in New York's Hudson Square neighborhood.

  • November 29, 2018

    MVP: Latham & Watkins' Robert Buday

    Robert Buday of Latham & Watkins LLP is the king of billion-dollar real estate deals, guiding Phillips Edison & Co. on two key acquisitions that transformed the company, as well as major deals involving Bass Pro Shops and Hyatt Hotels Corp. to earn a spot as one of Law360’s 2018 Real Estate MVPs.

  • November 29, 2018

    T-Mobile Wins Suit To Build Tower In New Hampshire Town

    T-Mobile can go forward with its plan to prop up a 130-foot telecommunications tower in Bedford, New Hampshire, a federal judge ruled Wednesday, directing the town’s zoning board to issue the wireless carrier a permit despite its concerns over the company’s inconsistent proposal details.

  • November 29, 2018

    Michael Cohen Admits To Lying About Contacts With Russia

    Michael Cohen, President Donald Trump's former personal attorney and political champion, admitted to a count of lying to Congress on Thursday morning, telling a Manhattan federal judge he made false statements about the extent of his contacts with Moscow during campaign-season discussions about a Trump real estate project.

  • November 28, 2018

    PE Manager To Face Contempt Hearing In Hospital's Ch. 11

    A Dallas-based private equity manager cannot delay a Texas bankruptcy court set to conduct a hearing in December on whether he should be held in contempt for wrongfully paying his firm millions after assisting in the Chapter 11 reorganization and sale of an Austin hospital, a judge said Tuesday.

  • November 28, 2018

    Fla. Court Upends Sanctions Against Co. Battling Ex-Counsel

    A Florida state appeals court ruled Wednesday that before striking a realty company’s claims, a trial court should have determined whether the business chose to ignore a court order to get new attorneys in a dispute with the law firm that represented it in litigation against Donald Trump over a condo in a Trump property.

  • November 28, 2018

    Calif. Atty Faces Fresh Suit Over $50M Visa Fraud Scheme

    A Los Angeles-area attorney who pled guilty in 2017 to operating a $50 million visa fraud scheme is facing a fourth civil lawsuit for her role in the conspiracy after a Chinese investor sued her in California federal court Wednesday in an attempt to recover the $570,000 he paid to secure a green card.

  • November 28, 2018

    IRS Rules Threaten Broad Reach For Interest Deduction Cap

    A limitation that U.S. lawmakers placed on business’ ability to write off interest paid on loans may become even more restrictive under an expanded definition of interest recently proposed by the U.S. Department of the Treasury.

  • November 28, 2018

    $38M Win For 'Madoff' Defamation Isn't Covered, 9th Circ. Told

    Berkley National Insurance Co. urged the Ninth Circuit on Tuesday to affirm a lower court’s holding that it is not obligated to cover a $38 million defamation award that a Los Angeles real estate investor won against Berkley’s policyholder, who created websites comparing the investor to jailed Ponzi schemer Bernie Madoff.

  • November 28, 2018

    Morgan Lewis Nabs Ex-Credit Suisse Director For Tax Practice

    Morgan Lewis & Bockius LLP announced a former Credit Suisse Securities LLC director joined the firm’s tax practice Wednesday as a securitization tax partner with a focus on the tax aspects of structured finance transactions.

  • November 28, 2018

    Calif. Tribe Tells 9th Circ. BLM Improperly Extended Leases

    A California tribe and others urged the Ninth Circuit on Tuesday to uphold a ruling that would require the Bureau of Land Management to conduct more review before extending geothermal leases on land important to the tribe, saying the agency’s interpretation of the Geothermal Steam Act would upset the law’s balancing of development with environmental protection.

  • November 28, 2018

    Ill. Is Wrong Venue For Mexico Loan Suit, Developer Says

    A developer accused of failing to pay more than $96 million related to mortgages on parcels of land in Mexico urged an Illinois federal judge Tuesday to throw out a lawsuit by lenders, saying the business and its owner do not have significant ties to the state and can't face claims there.

  • November 28, 2018

    10th Circ. Denies Rehearing Bid In House Project Dispute

    The Tenth Circuit on Tuesday denied a home designer’s request for rehearing an earlier ruling in which the court refused to vacate a nearly $820,000 arbitration award won by a pair of homeowners over a delayed and over-budget renovation project.

  • November 28, 2018

    Bandera Partners Seeks Shake-Up On Luby's Board

    Bandera Partners LLC on Wednesday issued a public letter to the board of directors for Luby’s Inc., the Texas-based restaurant group behind Fuddruckers and other eateries, saying the debt-ridden company has failed to turn things around and should consider the addition of five new directors.

  • November 28, 2018

    MVP: Jones Day's Robert C. Lee

    Robert C. Lee, co-chair of Jones Day's global real estate practice, helped guide the Greystar Real Estate Partners-led $4.4 billion transaction for a publicly traded real estate investment trust, earning him a spot as one of Law360's 2018 Real Estate MVPs.

  • November 28, 2018

    Investcorp Drops $311M On 6 Properties In Fla., Texas, Utah

    Investment adviser Investcorp on Wednesday said it has bought six multifamily properties boasting a combined 2,876 units in Florida, Texas and Utah for $311 million.

  • November 27, 2018

    High Court Decision On Review Expands Landowners' Options

    In sending a dispute between the U.S. Fish and Wildlife Service and timber firm Weyerhaeuser back to the Fifth Circuit, and in the process reversing a decision on the right of landowners to review agency determinations about land protection, the U.S. Supreme Court has given landowners more options for appeal while diminishing the power of such agency decisions, attorneys say.

  • November 27, 2018

    Squalid Mobile Home Park Faces $34M In Punitive Damages

    A California jury on Tuesday added roughly $34 million in punitive damages to $5.56 million in compensatory damages awarded to residents of a squalid mobile home park in Long Beach that was held liable for negligence, fraud and elder abuse, attorneys for the residents said.

  • November 27, 2018

    High Court Hints At Skepticism Of ESA Reach In Frog Ruling

    The U.S. Supreme Court's Tuesday decision to remand timber giant Weyerhaeuser Co.'s challenge to the designation of a parcel of its property as "critical habitat" for an endangered frog keeps the door open for limits on the government's power to protect land under the Endangered Species Act, experts say.

Expert Analysis

  • Foreign Investors May Benefit From Opportunity Zones

    Galia Antebi

    Galia Antebi and Nina Krauthamer of Ruchelman PLLC discuss the elements of the opportunity zone tax code provision and the related options for non-U.S. investors, who generally are not subject to U.S. taxation on dispositions of capital property other than U.S. real property.

  • Updated Rules For NYC's 421-a Tax Exemption Beneficiaries

    Daniel Bernstein

    New York City has been changing its 421-a tax exemption program, altering and clarifying prevailing wage requirements and imposing construction wage requirements for large new buildings. Daniel Bernstein of Rosenberg & Estis PC recaps the last two years of developments.

  • Assignment Of Benefits Faces A New Hurdle In Florida

    Margo Meta

    A Florida state appeals court's decision last month in Restoration 1 v. Ark Royal weakens assignment-of-benefit claims, holding that an insurer may require all insureds and mortgagees to provide written consent prior to executing an assignment-of-benefits agreement, says Margo Meta of Ball Janik LLP.

  • How FTC Is Stepping Up Its Consumer Protection Efforts

    Jonice Gray Tucker

    The Federal Trade Commission, which once dominated the playing field on many consumer protection issues, appears poised to reclaim a more active role in connection with financial products and services, say attorneys with Buckley Sandler LLP.

  • A Holistic Approach To Client Retention

    Dan Tacone

    In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.

  • Q&A

    A Chat With Allens Pricing Chief Pier D'Angelo

    Pier D'Angelo

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.

  • Market Evidence Will Likely Be Key In Sears Bankruptcy

    J.B. Heaton

    The Sears bankruptcy was filed early Monday, but the company's insolvency has been in plain view in the form of financial market evidence for a very long time. This case presents a prime example of the role such evidence can play for companies, their insiders, and outside advisers and auditors, says J.B. Heaton of the University of Chicago Law School.

  • What Financial Cos. Can Expect If Democrats Win House

    Aaron Cutler

    It is widely expected that Democrats will take control of the House in the midterm elections, and a Democratic House Financial Services Committee will likely launch a broad range of investigations, particularly relating to consumer-facing issues, say attorneys with Hogan Lovells.

  • Opinion

    The ABA Was Dead Wrong About Model Rule 8.4(g)

    Bradley Abramson

    In the two years since the American Bar Association's controversial anti-discrimination and harassment rule, only one state has adopted it, while numerous state supreme courts, state attorneys general and legal groups have correctly rejected Model Rule 8.4(g) as a threat to lawyers' First Amendment rights, says Bradley Abramson, an attorney with Alliance Defending Freedom.

  • Opinion

    The Supreme Court Should Become Boring

    Alexander Klein

    In the aftermath of Justice Brett Kavanaugh's confirmation, the U.S. Supreme Court should decline review of the nation's most polarizing political questions unless and until the questions become time-sensitive, says Alexander Klein, head of the commercial litigation group at Barket Epstein Kearon Aldea & LoTurco LLP.