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Real Estate

  • July 3, 2018

    Paragon Banking Buys Titlestone Property Finance For $63M

    Paragon Banking Group PLC is buying private equity-backed Titlestone Property Finance Ltd. for roughly £48 million ($63.3 million) and is also picking up a portfolio of development finance loans for an additional approximately £226 million, the U.K. bank announced on Tuesday.

  • July 3, 2018

    NY Ex-Atty Gets 7 Years For $3.4M Investment Scheme

    A former attorney was sentenced to seven years in prison in New York federal court on Tuesday for bilking investors out of more than $3.4 million for what he claimed were investments backed by real estate and life insurance policies.

  • July 3, 2018

    Manafort Seeks Juror Questions On Politics, Media Habits

    Former Trump campaign chair Paul Manafort is very interested in the political leanings and media diet of prospective jurors in his looming trial for financial crimes, a request for jury questions filed in Virginia federal court has shown.

  • July 2, 2018

    The Sharpest Dissents From The Supreme Court Term

    In its first complete term back at full strength since the death of Justice Antonin Scalia, the top U.S. court took on several cases that revealed deep divisions among its members. Here are the most stinging dissents.

  • July 2, 2018

    High Court Nomination Watch: 7th Circ.'s Amy Coney Barrett

    Amy Coney Barrett has been sitting on the Seventh Circuit bench for only eight months, but she is rumored to be on President Donald Trump’s shortlist for potential picks to replace Justice Anthony Kennedy on the U.S. Supreme Court.

  • July 2, 2018

    DOI Retracts Ruling For Alaska Native Land-Into-Trust Moves

    The office of the U.S. Department of the Interior’s solicitor said Friday that it was withdrawing an Obama-era opinion by the same office that the department could take land into trust for Alaska Natives, saying that the ruling was “incomplete and unbalanced” and that it would take at least a year to reconsider.

  • July 2, 2018

    Narrow Rulings Reveal Wide Gulfs Between Justices

    With the Supreme Court largely punting on deciding the issues at the center of some of its biggest cases this term, the justices turned to concurrences to fight for the future of the law.

  • July 2, 2018

    4 High Court Lineups That Might Surprise You

    While the justices tend to join most often with colleagues whose philosophy they share, even politically charged cases can create groupings that defy easy categorization. Here are a few from the latest term.

  • July 2, 2018

    PwC Must Pay FDIC $625M Over Colonial Bank Failure

    An Alabama federal court ruled against accounting giant PricewaterhouseCoopers on Friday in a suit brought by the Federal Deposit Insurance Corp. over the auditor's failure to detect a fraud scheme that brought down Colonial Bank, ordering the auditor to pay $625 million, every penny the FDIC sought.

  • July 2, 2018

    The Funniest Moments Of The Supreme Court Term

    From a raucous house party to the often-disappointing taste of wedding cake, the justices found plenty to laugh about in the latest term. Here are the top moments of legal levity.

  • July 2, 2018

    Skelos Cleared To Grill Key Witness Over Alleged Misconduct

    A New York federal judge on Monday greenlighted a multipronged attack by former New York State Senate Majority Leader Dean Skelos and his son Adam on the credibility of former insurance boss and government witness Anthony Bonomo, saying she would allow the defense to probe claims of misconduct at Bonomo’s company.

  • July 2, 2018

    Trump Plows Ahead With Supreme Court Selection Process

    President Donald Trump is ramping up the process of replacing Justice Anthony Kennedy on the U.S. Supreme Court, interviewing four candidates Monday and revealing the White House staffers who are leading the selection effort.

  • July 2, 2018

    $600M Bid-Rig Trial Lurches Back To Life After Venue Snag

    Federal prosecutors reopened their bid-rigging case Monday against former State University of New York President Alain Kaloyeros and three others accused of fixing $600 million worth of “Buffalo Billion” construction jobs in a highly unusual effort to show a jury that the charges belong in Manhattan federal court.

  • July 2, 2018

    Meridian Escapes Investor's Suit Over Real Estate Deal

    A New Jersey state court on Friday dismissed Meridian Capital Group from an investor's suit alleging that the real estate agency and Treetop Development misrepresented the attractiveness of New Jersey properties to dupe him into investing, but kept claims against Treetop alive.

  • July 2, 2018

    REIT Offers Up 3 Properties Valued At $99.8M To Form JV

    Real estate investment trust Kite Realty Group Trust has formed a joint venture with a fund managed by a subsidiary of Nuveen LLC, which will be focused on acquiring high-quality retail properties, by contributing three properties valued at $99.8 million.

  • July 2, 2018

    Real Estate Moguls On The Move

    CBRE, PGIM, Greystone and Avison Young were among various firms that made real estate hires during the month of June.

  • July 2, 2018

    Real Estate Rumors: Thor, Pompano Beach Agency, L&L

    Real estate private equity shop Thor Equities has reportedly landed $427 million in financing for a Chicago hotel, the Pompano Beach Community Redevelopment Agency may sell more than 5 acres in Florida for a townhouse project and L&L Holding has reportedly bought the fee interest in a Manhattan office and retail property.

  • June 29, 2018

    The Most Talkative Justices Of The Term

    Once again, Justice Stephen Breyer was the most talkative member of the U.S. Supreme Court during oral arguments, but another member of the court turned heads by speaking out 50 percent more than she did in the prior term.

  • June 29, 2018

    The Firms That Won Big At The Supreme Court

    A handful of law firms argued multiple cases during the latest high court term — with varying degrees of success. Here’s how the familiar law firms fared in some of the most high-profile cases of the year.

  • June 29, 2018

    The Supreme Court Term By The Numbers

    Back at full strength, the justices worked their way through a docket full of blockbusters. Here’s our data-driven look at the term that was.

Expert Analysis

  • Takeaways From 2nd Circ. Reversal Of Litvak Conviction

    Harry Sandick

    One wonders if the Second Circuit’s reversal of Jesse Litvak’s securities fraud conviction in the District of Connecticut, together with prosecutors’ recent loss at trial in United States v. Demos, will impact the government’s decision to prosecute further the other bond traders who are currently facing charges in the same courthouse, say Harry Sandick and Michael Schwartz of Patterson Belknap Webb & Tyler LLP.

  • Opinion

    How Much Might Chicago Taxpayers Pay For Amazon's HQ2?

    Josh Burday

    The city of Chicago has a history of making bad deals in secrecy and at the taxpayers’ expense, says Josh Burday of Loevy & Loevy, who is currently representing the group suing Chicago for disclosure of the details of its bid for Amazon's HQ2.

  • Calif. Landslides Prompt 'Efficient Proximate Cause' Rehash

    Jennifer Hoffman

    Last month, the California Senate passed SB 917, amending the California Insurance Code to reiterate efficient proximate cause and specifically address landslides. Though the amendment purports to merely restate existing law, insurers should be prepared for inconsistent verdicts rendered by courts and juries in the near future, says Jennifer Hoffman of Zelle LLP.

  • Practical Considerations For Litigating Proportionality

    Elizabeth McGinn

    By incorporating an explicit requirement that discovery must be “proportional to the needs of the case,” the 2015 amendments to the Federal Rules of Civil Procedure garnered much speculation as to their impact on courts’ decision-making processes. Now that the rules have been implemented for over two years, several themes have emerged, say attorneys with Buckley Sandler LLP.

  • New Tax On Foreign Buyers Of Australian Real Estate

    John Walker

    Three Australian states have introduced taxes for transactions involving acquisitions of residential property by foreign investors, but certain foreign investors may be exempted from the new taxes, say John Walker and Jun Au of Baker McKenzie.

  • Planning For New IRC Section 1061: Part 2

    Scott Dolson

    The views of tax professionals and the IRS interpreting Internal Revenue Code Section 1061 are rapidly evolving in the aftermath of hurriedly adopted legislation. While future corrective legislation and agency interpretations may target planning, the statute in its current form provides opportunities for taxpayers to work around the negative consequences of the new three-year holding period for certain carried interests, say attorneys at Frost Brown Todd LLP.

  • Tech Can Help, Not Take Over, Your Real Estate Transaction

    Shawn Amuial

    Many technologists and pessimists alike have claimed that artificial intelligence and machine learning will replace lawyers. However, current technologies can actually transform and streamline attorneys' jobs, allowing them to complete tasks like real estate transactions in a manner that is better, faster and cheaper, says Shawn Amuial of Holland & Knight LLP.

  • Supporting Nontraditional Data Types In E-Discovery

    Jason Paroff

    The advancement in connected technologies and software has created an explosion of nontraditional data sources that present challenges to e-discovery practitioners. Many tools and techniques used to process traditional data may not be practical for these new data types, say Jason Paroff and Sagi Sam of Epiq.

  • Planning For New IRC Section 1061: Part 1

    Scott Dolson

    Recently enacted Internal Revenue Code Section 1061 makes several important modifications to the beneficial tax treatment of carried interest. Professionals in the hedge fund, private equity or real estate industries need to keep this new provision in mind when structuring their compensation arrangements, say attorneys at Frost Brown Todd LLC.

  • The Insureds’ Burden: Determining Date Of Loss In Texas

    Todd Tippett

    Under Texas law, as reinforced by recent court decisions, the insured bears the burden of establishing that property damage actually occurs on the reported date of loss. Insureds and insurers can use a variety of tools to determine and prove when hail or wind damage occurred, say Todd Tippett and Walter Cardwell of Zelle LLP.