Real Estate

  • November 27, 2017

    Cancer Center 21st Century Faces Pushback Over Ch. 11 Plan

    Creditors and insurers of 21st Century Oncology Holdings Inc. filed objections to its Chapter 11 plan Monday in New York bankruptcy court over complaints of sloppy drafting and unpaid bills, setting up several hurdles the cancer treatment center will have to clear before emerging from bankruptcy.

  • November 27, 2017

    Justices Asked To Hear Tribal Land Condemnation Case

    A New Mexico utility has urged the U.S. Supreme Court to hear its bid to overturn a Tenth Circuit ruling that the company couldn’t condemn land for a power line because the Navajo Nation held an interest there, saying the decision could hamper infrastructure around the country.

  • November 27, 2017

    UK Real Estate Group Shelves IPO For Private Funding

    Real estate investor M7 Multi-Let REIT PLC said Friday it canceled plans for an estimated $400 million initial public offering on the London Stock Exchange and has opted instead to raise money privately, marking the latest of several pulled listings in the United Kingdom.

  • November 27, 2017

    CBRE's Arbitration Provision Is Illegal, NLRB Judge Says

    A National Labor Relations Board judge on Friday ordered commercial real estate giant CBRE to nix or revise its arbitration agreements with workers, saying the pacts could be read to block workers from filing charges with the board.

  • November 27, 2017

    Blank Rome, Nixon Peabody Steer $53M Loan For Bronx Apts

    Blank Rome LLP represented Richmac Funding LLC in connection with its $53.1 million loan to Nixon Peabody LLP-counseled Park Management Inc. for an apartment building in the Bronx, according to records made public in New York on Monday.

  • November 27, 2017

    Justices Pass On Challenge To Oneida Casino Land Grant

    The U.S. Supreme Court on Monday said it won’t hear bids from a New York town and a nonprofit to review a Second Circuit decision approving the federal government’s decision to take land into trust for the Oneida Indian Nation — a decision that Justice Clarence Thomas said he disagreed with.

  • November 27, 2017

    DOJ Argues No Trump SoHo Hotel, No Emoluments Conflict

    The Trump Organization’s plans to walk away from a Manhattan luxury hotel further undermine an ethics group’s allegations that the building, which bears President Donald Trump’s name, violates the Constitution’s “emoluments” ban on influence-peddling financial dealings, the U.S. Department of Justice told a New York federal judge Friday.

  • November 27, 2017

    Justices Won't Hear Underwriters' OT Exemption Suit

    The U.S. Supreme Court said Monday that it would not reconsider a Ninth Circuit decision that required a bank to pay overtime to mortgage underwriters that it had considered “administrative” employees exempt from overtime rules, putting the case back on the road to trial.

  • November 22, 2017

    GOP Tax Plan Could Spur More Int'l Investment In South Fla.

    The Republican tax plan currently making its way through Congress could be a mixed bag for South Florida, according to experts who say the corporate tax cut could boost international investment, while a provision reducing the credit for renovating landmark buildings could hit the area's historic districts hard.

  • November 22, 2017

    Ponzi Suspect Poised To Change Plea After Emailed Threat

    The federal government told a California federal judge Wednesday that they'd reached an initial plea deal with an investment manager facing securities fraud charges for running a $42 million Ponzi scheme, eight months after he threatened those involved with the case and saw his bail revoked.

  • November 22, 2017

    Ill. Condo Sellers Say Online Database Overcharged Them

    CondoCerts.com, a web database that sells statutorily mandated certification documents to people selling condos in Illinois, was hit with a $5 million putative class action from sellers who claim it's illegal for the website to charge "more than the reasonable cost of copying those documents."

  • November 22, 2017

    Xinyuan Real Estate Sells $200M Of Senior Notes

    Xinyuan Real Estate Co. Ltd. has finalized a deal to sell $200 million in senior notes, according to an announcement on Wednesday from the Chinese developer.

  • November 22, 2017

    Deals Rumor Mill: Bank of Sharjah, Penta Investments, Actis

    Two United Arab Emirates financial institutions could merge to create a single entity boasting about 50.6 billion dirhams, CEFC and Penta Investments are partnering on a bid for Time Warner’s Central European Media Enterprises, and Standard Chartered is nearing a sale of its real estate principal finance business.

  • November 22, 2017

    Kennedy Wilson Drops $135M On Wash. Apartment Complex

    Kennedy Wilson has picked up an apartment complex in the Bellevue, Washington, metro area for $135 million, according to a Wednesday announcement from the firm.

  • November 22, 2017

    Real Estate Rumors: P3 Investments, Diamond Sinacori, Swire

    Florida developer P3 Investments has reportedly sold a development site for $20.5 million, Boston developer Diamond Sinacori is said to have purchased and subsequently sold a property in Duxbury, Massachusetts, and Swire has reportedly leased space in Miami to Interaudi Bank and KPMG.

  • November 22, 2017

    Cushman Exec Sees Law Firms 'Waking Up' To A New Reality

    Law firms have lagged behind sectors like technology and health care in downsizing and modernizing their real estate footprints, but firms recently have been making changes as they too try to woo millennials, Cushman & Wakefield Executive Managing Director and legal sector expert Sherry Cushman told Law360 in a recent interview.

  • November 21, 2017

    FERC Says Enviros Can't Redo $2.2B Pipeline Fight

    The Federal Energy Regulatory Commission and developers of the $2.2 billion Nexus pipeline on Tuesday told the D.C. Circuit that the Sierra Club shouldn't get another chance at blocking the project's construction after discovering that a landowner who sided with the group in the suit had sold his property to the developers without the group's knowledge.

  • November 21, 2017

    Real Estate Rumors: Fisher, Oscar Barbara, Realterm

    Fisher Brothers has reached a deal to lease out 42,336 square feet in New York to private equity shop Global Infrastructure Partners, developer Oscar Barbara is said to have paid $12.6 million for a Florida shopping center and Realterm Logistics has reportedly dropped $16 million on a Florida warehouse.

  • November 21, 2017

    DreamWorks HQ Trades Hands In $290M Deal

    A real estate investment trust sponsored by asset manager Griffin Capital Co. LLC will sell the Glendale, California, home of DreamWorks Animation for $290 million, the company said Tuesday, in a deal that will see a subsidiary of South Korean firm Hana Asset Management Co. Ltd. take over the property.

  • November 21, 2017

    Lead Counsel Appointed In Hurricane Harvey Flood Suits

    A federal judge in a flurry of orders Monday appointed four groups of lead counsel to steer claims brought by the thousands of homeowners alleging the government is responsible for flooding in the wake of Hurricane Harvey, also spelling out a framework for the litigation going forward.

Expert Analysis

  • Alleviating California's Affordable Housing Crisis: Part 2

    Andrew Faber

    There are currently a number of pending housing bills in the California Legislature aimed at making it harder for cities to deny housing and affordable housing projects, proposed in direct response to what the California Supreme Court has described as housing problems "of epic proportions," says Andrew Farber of Berliner Cohen LLP in the final part of this article.

  • Financial Crisis Anniversary

    Post-Crisis AG Enforcement Is Just The Beginning

    Douglas Gansler

    State attorneys general have worked with the Consumer Financial Protection Bureau, other federal agencies and each other to take on issues deemed to be the fallout of the financial crisis that started 10 years ago. But unlike the CFPB, the jurisdiction of which is limited, the AGs have assumed a wider reach, say former Maryland Attorney General Douglas Gansler and Michelle Rogers of Buckley Sandler LLP.

  • Calif. Real Property Transactions May Need CEQA Review

    Stephanie Smith

    Private parties who plan to jump into a real property transaction with a public agency should be aware that their deal could be impacted or held up by the California Environmental Quality Act unless they are fully informed of the recent legal developments pertaining to CEQA compliance and real property, says Stephanie Smith of Grid Legal.

  • Alleviating California's Affordable Housing Crisis: Part 1

    Andrew Faber

    The California Legislature has responded to California's lack of affordable housing in part by enacting increasingly strict laws designed to remove discretion from the housing entitlement process at the local level, says Andrew Faber of Berliner Cohen LLP.

  • China's US Interests Are In For A Roller Coaster Ride

    Kai Wang

    China is increasingly emerging as an engaged United States investor and business partner, though some regulatory and geopolitical realities have tempered the Chinese enthusiasm. Anyone involved with Chinese investments in the U.S. should be prepared for uncertainty as a result of both China's tightened outbound approval regime and heightened scrutiny from the U.S. side, says Kai Wang of Carlsmith Ball LLP.

  • NY City Council's Proposed Land Use Bill May Be Illegal

    Frank Chaney

    The New York City Council's Intro 1685 is one in a string of recently proposed local laws that would make an end run around existing land use rules and procedures. While these laws are intended to address fair questions about recent development trends, they represent what some view as a troubling trend, says Frank Chaney of Rosenberg & Estis PC.

  • Hurricane Harvey Will Test The Public Necessity Doctrine

    Katherine David

    In the aftermath of Hurricane Harvey, Texas state and federal courts will have to tackle the question of whether landowners are entitled to compensation following the government's decision to open the Addicks and Barker reservoirs, causing some homes to be flooded, say attorneys with Gardere Wynne Sewell LLP.

  • Ignore Borrower Choice In Loss Mitigation? CFPB Says Yes

    Jeffrey Naimon

    Mortgage servicers should not listen to borrowers when it comes to loss mitigation. At least, that’s what the Consumer Financial Protection Bureau says in its final servicing rule. But despite feedback of borrower confusion and servicer frustration, the bureau reiterated its stance in recent amendments to those rules that take effect next month, say attorneys with Buckley Sandler LLP.

  • Between Counsel And Class Members, Silence Is Golden

    Thomas Dickerson

    Prohibiting all unapproved communications from both plaintiffs and defense counsel to members of a class of plaintiffs ensures that the court can safeguard the interests of the class members. A recent decision in a California federal court reveals the wisdom of this principle, says retired New York State Supreme Court Associate Justice Thomas Dickerson.

  • Opinion

    Why The Proposed Calif. Land Use Law Is Deeply Flawed

    Bryan Wenter

    California bill AB 890, sent to Gov. Jerry Brown for action by Oct. 15, is supposedly meant to ensure that enumerated types of local development proposals are subjected to environmental review under the California Environmental Quality Act. However, this bill, the opposite of CEQA reform, proposes a cure far worse than the perceived disease, say Arthur Coon and Bryan Wenter of Miller Starr Regalia.