Real Estate

  • May 7, 2018

    Dechert Beefs Up Finance Team With Ex-Kirkland Atty

    Dechert LLP said it has hired a former Kirkland & Ellis LLP partner whose practice areas include commercial real estate finance, asset-backed securities and derivatives, and fintech, further bolstering its global finance team.

  • May 7, 2018

    Simpson Thacher Guides Blackstone's $7.6B Gramercy Buy

    Simpson Thacher & Bartlett LLP represented The Blackstone Group LP in connection with its $7.6 billion deal announced Monday to buy Wachtell Lipton Rosen & Katz-counseled Gramercy Property Trust.

  • May 7, 2018

    Zillow Dodges Class Action Over Low Home 'Zestimates'

    Real estate website Zillow Inc. escaped a proposed class action over its home value “Zestimates” Monday after an Illinois federal judge said there was no evidence supporting the class’s claims it was duped by numbers into hiring the site’s preferred brokers.

  • May 7, 2018

    Gibson Dunn Hires Real Estate Finance Pro From Dechert

    Gibson Dunn & Crutcher LLP announced Friday it has hired a real estate finance partner from Dechert LLP who has represented lenders, including banks and insurance companies, in various phases of loans secured by commercial real estate.

  • May 7, 2018

    Easement Dispute Settled In Tax Court For $2.5M Deduction

    The Illinois-based developer of a former cork factory in Pittsburgh settled its tax dispute in the U.S. Tax Court on Friday by accepting a $2.5 million deduction for a historic easement.

  • May 7, 2018

    Zoning Change Could Stymie Hotel Construction In New York

    New York City wants to require new hotel projects in certain manufacturing zones to obtain a special permit as part of the city's effort to preserve existing properties and encourage more industrial construction, but lawyers on the lodging development side say the change would likely slow new hotel construction and may not jump-start manufacturing.

  • May 4, 2018

    Law360 Reveals Titans Of The Plaintiffs Bar

    They’ve gone up against big-name companies while advocating for plaintiffs ranging from grieving family members to shareholders and consumers in some of the biggest and most well-known cases of the past year.

  • May 4, 2018

    Hunton Guides Suntrust's $120M Loan To Boston Properties

    Hunton Andrews Kurth LLP represented Suntrust Bank in connection with its $120 million loan to real estate investment trust Boston Properties Inc. for a property on Madison Avenue in New York City, according to records made public Friday.

  • May 4, 2018

    Pa. Atty Blabbed About Confidential Depo, KeyBank Says

    KeyBank NA urged a Pennsylvania federal judge on Friday to sanction a lawyer with McCullough Eisenberg LLC, alleging that the attorney emailed confidential information from a deposition to more than a hundred bankruptcy attorneys operating in the state seeking input on a case.

  • May 4, 2018

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen a commercial fraud claim against asset manager Shire Warwick Lewis, Italian insurers sue a shipper, and Denmark's tax authority take action against ED&F Man Capital Markets and more than five dozen other firms. Here, Law360 looks at those and other new claims in the U.K.

  • May 4, 2018

    New GM Must Face Some Groundwater Claims, Judge Says

    Michiganders with property-contamination claims against GM must submit to the provisions of GM's 2009 bankruptcy sale order, a New York bankruptcy judge ruled Friday — but that order does allow them to press claims over contaminants that were purportedly dumped presale but migrated onto their land post-sale.

  • May 4, 2018

    Starwood To Sell $1.1B UK Hotel Portfolio To Parisian Firm

    Starwood Capital Group said Thursday it has agreed to sell an £830 million ($1.1 billion) portfolio of 14 hotels in the United Kingdom to a hotel real estate subsidiary of Parisian holding company Foncière des Régions.

  • May 4, 2018

    Real Estate Rumors: Michel Jacober, CBS, Leon Sharyon

    Nestle's Michel Jacober has reportedly dropped $12 million on a Florida mansion, CBS' Los Angeles studio is said to be moving closer to becoming a historic landmark, and a company tied to Lagunitas' Leon Sharyon has reportedly bought a Miami warehouse for $10.54 million.

  • May 4, 2018

    10th Circ. Denies Energy Cos. Attys’ Fees In Oil Lease Row

    The Tenth Circuit on Thursday refused to grant attorneys’ fees to a trio of energy companies in a proposed class action against them and others, including the Bureau of Indian Affairs, over allegedly improperly approved oil leases.

  • May 4, 2018

    Can Mueller Make Manafort 'Sing'? A Va. Judge Isn't So Sure

    The Virginia federal judge overseeing a financial crimes case against former Trump campaign chairman Paul Manafort asked for the unredacted version of an August memo outlining the scope of Special Counsel Robert Mueller's investigation, saying Friday he believes the goal of the charges is to get Manafort to “sing.”

  • May 4, 2018

    Nixon Peabody Nabs Labor, Real Estate Attys In LA, Chicago

    Nixon Peabody LLP has announced two lateral hires: a real estate partner in Chicago from Holland & Knight LLP and a labor and employment partner in Los Angeles from Allen Matkins Leck Gamble Mallory & Natsis LLP.

  • May 4, 2018

    7th Circ. Axes Fannie Mae, Freddie Mac Shareholder Suit

    Two Fannie Mae and Freddie Mac shareholders who accused the Federal Housing Finance Agency and the U.S. Department of the Treasury of siphoning the companies’ profits into government coffers can’t revive their claims, the Seventh Circuit said on Thursday, finding that the two agencies had the statutory authority to do so.

  • May 4, 2018

    Mohegan Sun To Pay $101M To Control Korean Resort Project

    The operator of the tribal-owned Mohegan Sun casino in Connecticut said it will spend $101 million to buy out its South Korean partner’s stake in a "first-of-its-kind, multibillion-dollar," 1,350-room resort and 215,000-square-foot casino planned for development at Incheon International Airport outside Seoul.

  • May 4, 2018

    Insurer's Win In Building Injury Suit Upheld By NY Court

    An insurer is off the hook for charges that it unfairly dragged out its denial of coverage to a general contractor facing a workplace injury suit, after a New York appeals court affirmed that a federal law preempts the state law on which the claims hinged.

  • May 4, 2018

    GE Says Subprime Mortgage Unit May Face Ch. 11

    In a U.S. Securities Exchange Commission filing this week, General Electric Co. said its subprime mortgage unit may be heading into Chapter 11 if it is found liable in pending legal action over defective loans.

Expert Analysis

  • Top Tax Changes For Law Firms: What Lawyers Need To Know

    Evan Morgan

    For law firms structured as corporations, a lower maximum corporate tax rate and repeal of the corporate alternative minimum tax are good news. But many law firms are pass-through entities, so deduction limitations mean they'll see less benefit from the new tax law, says Evan Morgan of CPA and advisory firm Kaufman Rossin PA.

  • Opinion

    Companies Should Avoid The BigLaw Bonus Structure

    Michael Moradzadeh

    Since passage of the Trump tax plan last year, companies have been touting bonuses they’ve handed down to rank-and-file employees. This highlights the trend of employers favoring bonuses over pay raises in the belief that variable, short-term rewards are less risky to the business than permanent increases in labor costs. But law firms have used this strategy for years — and there are dangers, says Michael Moradzadeh of Rimon PC.

  • Condo Developers Must Understand Building Defect Claims

    Johanna Schneider

    Massachusetts courts have shown a desire to ensure that owners of newly constructed condominiums have the ability to pursue the same construction defect and warranty claims as new single-family home owners. Just as real estate developers should be cognizant of their duties concerning alleged building defects, condominium developers should be as well, say attorneys with Rackemann Sawyer & Brewster.

  • Chief Innovation Officer — The New Star On Legal Teams

    Mark Williamson

    Over the past few years, forward-thinking law firms have expanded their talent pools to include a chief innovation officer, whose responsibilities include spearheading the implementation of technology. It is a smart move, says ​​​​​​​Mark Williamson, co-founder and chief technology officer at Hanzo Archives Ltd.

  • Unique Office-Leasing Issues For Tech Companies: Part 2

    Excerpt from Lexis Practice Advisor
    Daniel Suckerman

    When negotiating leases for office space, technology companies should exercise vigilance to ensure that assignment and subleasing provisions are reasonable and that the leases are as flexible as possible, says Daniel Suckerman of Lowenstein Sandler LLP in the final part of this article.

  • Opinion

    National Lawyers Need National Licensing For National Courts

    EJ Hurst II

    Just last month, a number of legal groups asked the Northern District of California to strike its rule requiring that, before seeking federal court admission, attorneys first be licensed by the state of California. It is irrational to exclude seasoned federal practitioners from general admission due to state bar approval while allowing raw state lawyers who have never been inside a federal courtroom, says attorney EJ Hurst.

  • Unique Office-Leasing Issues For Tech Companies: Part 1

    Excerpt from Lexis Practice Advisor
    Daniel Suckerman

    When negotiating leases for office space, technology companies should pay particular attention to use and operations issues like permitted use provisions, density limits and building services and amenities, says Daniel Suckerman of Lowenstein Sandler LLP.

  • Changes To Rule 23 Are Coming, Are You Prepared?

    Niki Mendoza

    Proposed amendments to the Federal Rules of Civil Procedure Rule 23, which governs class actions, are set to take effect on Dec. 1, 2018, pending approval. The amendments would significantly alter class action litigation procedure from notice to settlement, says Niki Mendoza of Garden City Group LLC.

  • How To Negotiate Wireless Infrastructure Agreements

    Walt Sapronov

    When negotiating shared wireless infrastructure contracts in large venues, sponsors should pay close attention to technology specifications, upgrades and interference protection, say Walt Sapronov and Kenneth Klatt of Sapronov and Associates PC.

  • Tax Planning In The Age Of Tax Reform: Part 2

    Ellen McElroy

    Businesses face challenges in implementing the Tax Cuts and Jobs Act, especially given its size and scope and the ambiguities that remain regarding its application. Unfortunately, if administrative guidance and technical corrections are not issued soon, companies may lose valuable rights, say attorneys with Eversheds Sutherland LLP.