Real Estate

  • February 2, 2018

    Treasury Sanctions 6 People, 7 Cos. Over Terrorism Ties

    The U.S. Department of the Treasury on Friday sanctioned six people and seven companies in Africa and the Middle East for supporting terrorism, a decision the agency said specifically targets Al-Inmaa Engineering and Contracting, one of Lebanon’s largest real estate businesses.

  • February 2, 2018

    Real Estate Rumors: Oxford, Arbor Lodging, Isaac Kassirer

    Oxford Properties is said to be close to a deal to borrow between $150 million and $180 million for a New York purchase, an Arbor Lodging venture has reportedly bought an Illinois Marriott for $35.5 million, and New York real estate investor Isaac Kassirer is said to be buying a Harlem multifamily portfolio for $85 million.

  • February 2, 2018

    Morgan Stanley Wants FCA Claims Cut From Calif.'s Suit

    Morgan Stanley urged a San Francisco judge Friday to nix False Claims Act allegations from the California attorney general’s suit alleging the bank carelessly lost public retirement funds during the 2008 financial crisis, saying the state waited too long to sue.

  • February 2, 2018

    DOE Can't Lift Freeze On Uranium Leasing Program

    A federal judge on Friday refused to lift an injunction on a U.S. Department of Energy uranium mining program in southwestern Colorado, saying the department has first to consult with the U.S. Fish and Wildlife Service on estimates of the likely annual water usage of the mines.

  • February 2, 2018

    Half A Dozen Firms Aided Top Jan. Real Estate Deals

    January proved to be a busy month for real estate mergers and acquisitions with eight announced deals north of $1 billion, and the 10 largest deals during the period got done with the help of half a dozen law firms.

  • February 2, 2018

    German Real Estate Co. Plans $186M Frankfurt Listing

    German real estate developer Instone Real Estate Group BV said Friday it intends to list its shares on the Frankfurt Stock Exchange in 2018 to rake in approximately €150 million ($186.8 million).

  • February 2, 2018

    Pa. Hunting Club Beats Landowner Heirs’ Gas Rights Appeal

    A Pennsylvania appeals court on Friday favored a Tioga County hunting club in an oil and gas rights dispute with the heirs of a prior landowner, finding that a lower court had correctly ruled the latter had no interest in more than 900 acres of subsurface rights.

  • February 2, 2018

    Hotel Owner Must Pay Union's Lawsuit Costs, NLRB Says

    The National Labor Relations Board on Thursday ordered an Ashford Hospitality Trust subsidiary to repay a union the costs it incurred fighting a lawsuit challenging a protest at a Sheraton hotel in Alaska, calling the suit an illegal attempt to suppress workers’ rights.

  • February 2, 2018

    Prevezon Must Pay Out $6M Settlement Despite Asset Freeze

    A Russian real estate investing company implicated in a $230 million Russian tax fraud scheme must pony up a $5.9 million settlement with the U.S. government after a New York federal judge on Friday shut down its bid to try to prove that the government had interfered with the release of its frozen debt asset in the Netherlands.

  • February 2, 2018

    Feds, Tribe Say DC Circ. Ruling In Similar Case Backs Casino

    The federal government and the Estom Yumeka Maidu Tribe of the Enterprise Rancheria told the Ninth Circuit on Thursday that a recent D.C. Circuit decision backs their efforts to defeat a challenge to the tribe’s proposed casino.

  • February 2, 2018

    Real Estate Group Of The Year: Dentons

    Dentons LLP's real estate team has been helping to reshape the Chicago skyline, including assisting on a $1 billion deal to redevelop four blocks around Union Station, and is regularly a go-to for top financial institutions like U.S. Bancorp Community Development Corp., earning the firm a spot among Law360’s 2017 Real Estate Groups of the Year.

  • February 2, 2018

    Jay Peak Owner Settles EB-5 Suit With SEC For $81M

    Miami-based businessman Ariel Quiros, the man behind an alleged scheme involving investments in Vermont ski resort Jay Peak, has agreed to pay back about $81 million of investor money that he used illegally, the U.S. Securities and Exchange Commission said Friday.

  • February 1, 2018

    BASF, Shell Beat Challenge Over Contaminated NJ Property

    BASF Corp., Shell Oil Co. and related parties scored a victory Thursday when a New Jersey state appeals court upheld a lower court ruling enforcing a settlement that called for them taking ownership of a former landfill site and handling environmental cleanup costs there.

  • February 1, 2018

    Ex-NY Assembly Speaker Hires New Lawyers For Graft Retrial

    Former New York Assembly Speaker Sheldon Silver checked in with a new defense team Thursday before Manhattan U.S. District Judge Valerie E. Caproni, but the 73-year-old defendant's counsel switch did not earn him more time to prepare for his April retrial.

  • February 1, 2018

    Gates' Attys Quit Conspiracy Case After Reported Sidley Hire

    Attorneys for Richard W. Gates III, the indicted business partner of President Donald Trump's former campaign chairman, on Thursday asked to pull out of representing him in the case a week after reports that Gates had hired a white collar trial and investigations pro from Sidley Austin LLP.

  • February 1, 2018

    Pipeline Developer Can't Take Land Yet, Va. Judge Says

    A Virginia federal judge on Wednesday said Mountain Valley Pipeline LLC can’t act immediately to possess nearly 300 properties in the state for a natural gas pipeline, saying more information on their worth was needed before the company could move forward.

  • February 1, 2018

    1 Firm Leads January IPO Activity As 2018 Starts Bullish

    Davis Polk & Wardwell LLP steered five initial public offerings that raised more than $4.5 billion in January, when counting representation of issuers and underwriters, bolting ahead of peers during a robust month that saw about two dozen issuers raise more than $10.7 billion.

  • February 1, 2018

    Receiver Seeks To Reinvest Cash From Jay Peak EB-5 Project

    The court-appointed receiver for an EB-5 project that went down in flames and was sued for fraud by the U.S. Securities and Exchange Commission in Florida federal court believes he has found a New York-based project he could sink up to $67 million into, giving investors a chance to still get their green cards.

  • February 1, 2018

    REIT Investors Look To Keep Fraud Suit Alive Amid Deal Talks

    Investors in two United Development Funding real estate investment trusts who sued them for fraud in Texas federal court urged a judge on Wednesday to keep the case alive, even as they are reportedly closing in on a mega-settlement that would solve the REITs’ purported problems.

  • February 1, 2018

    Justices May Cinch Immunity Loophole In Upper Skagit Case

    The U.S. Supreme Court’s recent decision to wade into a property line dispute between the Upper Skagit Indian Tribe and Washington state landowners may have set the stage for the justices to endorse a new way for courts to rule on cases that would otherwise be off-limits because of tribal sovereign immunity, experts say.

Expert Analysis

  • Opinion

    BigLaw Is Behind The Automation Curve

    Michael Moradzadeh

    In its new report on the effects of automation in the workplace, McKinsey Global Institute identifies lawyers as less susceptible to the sort of automation that could put one-third of American workers out of a career by 2030. This may seem reassuring, but it doesn't mean automation won't disrupt our bottom line, says Michael Moradzadeh of Rimon PC.

  • Series

    40 Years Of FCPA: Compliance, Past And Future

    Hui Chen

    More than any other statute, the Foreign Corrupt Practices Act has fueled the growth of the compliance industry. While the expansion of corporate compliance is a positive development, the fear-driven and FCPA-centric approach has also produced unfortunate consequences, says ethics consultant Hui Chen, who served as the U.S. Department of Justice's first-ever compliance counsel.

  • A Look Inside Texas' New Home Equity Loan Law

    Jeff Dunn

    New amendments to the Texas constitutional provisions permitting loans secured by homestead equity should help expand loan opportunities, but the transition period requires compliance vigilance by lenders, says Jeff Dunn of Munsch Hardt Kopf & Harr PC.

  • Land Use And Entitlement Diligence For Calif. CRE Lending

    Andrew Starrels

    Following the widespread construction boom in most California markets, commercial real estate lenders and their counsel find themselves increasingly asked to evaluate and underwrite the nature of entitlement approvals for development projects, but the state's web of land use regulations and sometimes overlapping jurisdictions can make that task complicated, says Andrew Starrels of Holland & Knight LLP.

  • Series

    40 Years Of FCPA: Cross-Border Efforts And Growing Risk

    Patrick Stokes

    The U.S. agencies’ increasing coordination with their foreign partners has led to more potent Foreign Corrupt Practices Act investigations — in terms of both their scope and settlement cost, say Patrick Stokes, former chief of the FCPA Unit at the U.S. Department of Justice, and Zachariah Lloyd of Gibson Dunn & Crutcher LLP.

  • Series

    My Supreme Court Debut: No Room For Nervousness

    Jonathan Herstoff

    Although Hamer v. Neighborhood Housing Services was not the first time I had worked on a certiorari petition, it was the first time I had personally taken on a case in which my initial involvement was at the U.S. Supreme Court level, says Jonathan Herstoff of Haug Partners.

  • Series

    Judging A Book: Cooke Reviews 'Constance Baker Motley'

    Judge Marcia Cooke

    Gary Ford's new book, "Constance Baker Motley: One Woman’s Fight for Civil Rights and Equal Justice Under Law," is more than a biography of the first African-American woman to become a federal judge. It presents in vivid detail how her work altered the legal landscape of the United States, says U.S. District Judge Marcia Cooke of the Southern District of Florida.

  • Keeping Your Law Library Relevant In The Age Of Google

    Donna Terjesen

    Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.

  • 6 Things You Need To Know About Millennial Jurors

    Zachary Martin

    Millennials are now the largest living generation and comprise one-third of jurors. While it is impossible to generalize a group so large and diverse, trial lawyers should be mindful of certain generational differences, say baby boomer Lee Hollis and millennial Zachary Martin of Lightfoot Franklin & White LLC.

  • The Case Of New York’s 5Pointz: Who Owns Graffiti Art?

    Roberta Jacobs-Meadway

    Last month, a New York district court ruled in Cohen v. G&M that a real estate developer's demolition of famous graffiti space 5Pointz violated an obscure federal statute. This ruling may represent an expanded conception of what visual art qualifies for protection under the Visual Artists Rights Act, says Roberta Jacobs-Meadway of Eckert Seamans Cherin & Mellott LLC.