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Real Estate

  • January 4, 2019

    Blank Rome Adds 'Storied' Atty To LA Corporate Group

    Blank Rome LLP announced Thursday it is expanding its corporate group by adding as partner to its Los Angeles office a former Carlsmith Ball LLP partner, whose career as adviser encompasses international and cross-border transactional issues across a myriad of industries.

  • January 4, 2019

    9th Circ. Denies Redo On $35M EB-5 Fraud Judgment

    The Ninth Circuit has declined to rehear its recent decision affirming a nearly $35 million judgment against a husband and wife who bilked investors out of millions in an EB-5 visa scheme related to a cancer treatment center they never built.

  • January 3, 2019

    Countrywide Can't Slip Fraud Claim In Ambac's RMBS Case

    A New York state judge has declined to pare Ambac Assurance Corp.'s long-running lawsuit over a slew of pre-crisis, Countrywide-sponsored residential mortgage-backed securitizations that it insured and expects to pay out about $2 billion in claims on all told, denying bids that sought, among other things, to ditch Ambac's fraud claim and split the case up for trial.

  • January 3, 2019

    Arent Fox Nabs 7 Kay & Merkle Attys In San Francisco

    A group of seven Kay & Merkle attorneys, including the firm's two founders, rang in the new year by joining Arent Fox LLP’s fast-growing San Francisco office, bolstering its real estate, automotive and sports practices, the firm announced Thursday.

  • January 3, 2019

    Litigation Funder Sues NY Firm Over 'Unwinnable' Resort Row

    Litigation funder White Lilly LLC has sued New York law firm Balestriere Fariello and its managing partner, accusing them of misappropriating $1.4 million in disputed settlement funds and fraudulently inducing it to fund "unwinnable" litigation and arbitration proceedings involving a Mexican resort project.

  • January 3, 2019

    HFF Inks $62M In Equity To Develop Chicago Towers

    Holliday Fenoglio Fowler LP on Thursday unveiled roughly $61.9 million in joint venture equity that will be put toward the development of a luxury multihousing project in Chicago’s West Loop made up of a pair of 17-story towers.

  • January 3, 2019

    Gunster Adds GrayRobinson Atty To Firm's Corporate Practice

    Florida law firm Gunster announced Wednesday that it has lured a veteran attorney from GrayRobinson PA to join its corporate practice.

  • January 3, 2019

    Investor Wins Fraud Ruling Against $200M Ponzi Schemer

    A real estate investor notched a partial victory Thursday against convicted Ponzi schemer Eliyahu Weinstein over claims he bilked various parties out of millions of dollars, with a New Jersey federal judge ruling in the victim’s favor on fraud and related counts but denying him a win on racketeering counts.

  • January 3, 2019

    Mass. Expands Occupancy Tax To Include Short-Term Rentals

    Massachusetts Gov. Charlie Baker has signed a bill that will expand the state’s occupancy tax to include short-term rentals and require operators to register with the state, in the first such statewide legislation in the country.

  • January 3, 2019

    Airbnb, HomeAway Win Freeze To NYC Data Ordinance

    A New York federal court on Thursday blocked a New York City ordinance that would require short-term rental platforms to hand over hosts' personal information after Airbnb Inc. and HomeAway.com Inc. said the data collection is a violation of the Fourth Amendment.

  • January 3, 2019

    Gencom Buys 2 Tampa Bay Hotels For $100M

    Real estate investment firm Gencom Platform LLC said Thursday it has acquired two resorts in St. Pete Beach, Florida, at a purchase price of $100 million, with global hospitality company Benchmark tapped to manage the properties located on the resort island off the coast of St. Petersburg in Tampa Bay.

  • January 3, 2019

    Real Estate Rumors: Florida East Coast, Onni, Transamerica

    Florida East Coast Industries has reportedly sold a 10.67-acre Florida site for roughly $14 million, Onni Group is said to be paying $630 million for a Los Angeles office campus and Transamerica Life Insurance has reportedly sold a Florida office campus for $33 million.

  • January 2, 2019

    LA Siblings Win $34M In Row Over Reclaimed Property In Iran

    A pair of Iranian-American siblings have won a $34.5 million judgment in a California court against a family friend who was hired to reclaim and sell properties their parents abandoned in Iran when fleeing the Islamic Revolution but kept profits and properties for himself.

  • January 2, 2019

    Weyerhaeuser Joist Defect Suit Paused For Settlement Talks

    A Minnesota federal judge on Wednesday paused a proposed class action alleging that Weyerhaeuser Co. made defective joists that gave off formaldehyde in homes for settlement talks.

  • January 2, 2019

    Real Estate Rumors: Delshah, Realterm Logistics, Frisbie

    Delshah Capital has reportedly scored $102.5 million in financing for a Brooklyn rental tower project, Realterm Logistics is said to have dropped $115 million on a Bronx warehouse, and Frisbie Group has reportedly sold retail, restaurant and parking components of a Florida project for $20 million.

  • January 2, 2019

    10th Circ. Won't Rehear Okla. Landowner's Drill Permit Suit

    A Tenth Circuit panel on Wednesday refused to rehear an Oklahoma landowner’s appeal of a decision to dismiss his lawsuit accusing the U.S. Bureau of Indian Affairs of illegally letting an energy exploration company drill on his land without conducting an environmental review.

  • January 2, 2019

    Simpson Thacher Helps Blackstone With $567M Refinancing

    Simpson Thacher & Bartlett LLP represented The Blackstone Group LP in connection with its €500 million ($567.2 million) refinancing of Germany’s largest office building and an adjacent parking facility, the law firm told Law360 on Wednesday.

  • January 2, 2019

    Atty Who Copped To Money Laundering Agrees To Disbarment

    An estate attorney with a history of criminal and civil offenses, including a money laundering scheme that also netted criminal charges against his father, has agreed to forfeit his license to practice law in New Jersey, according to an order made public Wednesday.

  • January 2, 2019

    Marriott Vacations Hit With Sanctions In Timeshare Suit

    A Colorado federal magistrate judge has partly granted a sanctions motion brought by timeshare owners against Marriott Vacations Worldwide Corp., saying the company made a mistake when it failed to hand over key evidence in the mass action claiming it caused the owners' property values to plummet.

  • January 2, 2019

    Sidley Austin Lands CLO Pro As Partner In NY Office

    Sidley Austin LLP on Monday announced that a specialist in collateralized loan obligations has joined the firm’s global finance practice as a partner in New York City after nearly three decades at Clifford Chance LLP.

Expert Analysis

  • What To Watch Out For When Deconverting Illinois Condos

    Daniel Bronson

    In Illinois, purchasing all the units in a condo building requires understanding some uncommon real estate issues, including compliance with Section 15 of the Illinois Condominium Property Act, and the relationship between the unit owners and the existing condominium association, say Daniel Bronson and Courtney Mayster of Much Shelist PC.

  • Jurors Should Ask More Questions During Trials

    Matthew Wright

    Permitting jurors to submit written questions, or even to pose questions orally to witnesses on the stand, advances several important goals and promotes both fairness and efficiency, says Matthew Wright of McCarter & English LLP.

  • Calif. Ruling Dings Engagement Letter Arbitration Clauses

    Sharon Ben-Shahar Mayer

    The California Supreme Court's recent decision in Sheppard Mullin v. J-M Manufacturing has cast doubt on arbitration clauses in attorney engagement agreements, jeopardizing the efficient resolution of malpractice claims and fee disputes, say Sharon Ben-Shahar Mayer and Mark Drooks of Bird Marella Boxer Wolpert Nessim Drooks Lincenberg & Rhow PC.

  • Prop 65 Compliance Gets More Complicated

    Anne Marie Ellis

    Recent amendments to California's Proposition 65 changed the nature and content of chemical exposure warnings required for many products, substances and locations. Meanwhile, the plaintiffs bar is stepping up its attempts to target Prop 65 violators, says Anne Marie Ellis of Buchalter PC.

  • 10 Things We Wish We Were Told When Going In-House

    Dana Lee

    Attorneys at Albert Einstein College of Medicine, Perkins Coie LLP and the Healthcare Association of New York State reflect on lessons they learned the hard way when transitioning to in-house counsel positions.

  • Opinion

    3 Ways To Disarm The Next Local Subsidy Arms Race

    Anne Philpot

    Amazon recently concluded a 14-month bidding war among 238 cities, each hoping to secure an economic boost. The vicious cycle of offering costly public subsidies to corporate giants can be broken by adopting specific cultural and legal reforms, say Ann Philpot and Michael Farren of the Mercatus Center at George Mason University.

  • The Virtual Law Team: Advantages For Litigants And Lawyers

    Jessica Cox

    The virtual law team was created as a necessary response to mass tort litigation — however, with advances in technology and ever-increasing specialization of the legal practice, the model should be considered in multiplaintiff litigation of any size, say attorneys at Faegre Baker Daniels LLP.

  • Tips For Planning A Holiday Pop-Up Shop

    Serena Carlsen

    Pop-up locations are a fun and effective way to engage new clients and increase brand awareness while keeping overhead costs low. These temporary retail stores involve both customary and unique legal issues for retailers to consider when structuring a pop-up campaign, say attorneys at Perkins Coie LLP.

  • Emerging Cybersecurity Threats In The Legal Industry

    Michael Hall

    Predicting how the cybersecurity landscape will develop is critical for any organization wanting to mitigate the risk of the inevitable future attack. Michael Hall of HighQ Solutions Ltd. discusses five threats to look out for in the next 12 months.

  • Understanding The Tax Effects Of Blocker Corp. Distributions

    Brad Wagner

    The decisions that are made as investments are structured, financed and executed — and later when they are sold — have a major impact on how much federal tax is paid under the Foreign Investment in Real Property Tax Act blocker investment structure, says Brad Wagner of Wagner Duys & Wood LLP.