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Real Estate

  • December 19, 2018

    Pircher Nichols Snags 2nd Sidley Real Estate Atty In A Month

    Los Angeles boutique real estate firm Pircher Nichols & Meeks LLP has snagged a real estate partner from Sidley Austin LLP — the second of such lateral hires in the last month — in a move that further grows the firm's institutional lending practice, Pircher Nichols exclusively told Law360 Wednesday.

  • December 19, 2018

    Workers Get $500K In Mortgage Firms' IP, Hiring Row

    A Texas federal judge has awarded former Primary Residential Mortgage Inc. workers $500,000 after a two-week trial in which rival Supreme Lending unsuccessfully argued PRMI wrongly raided its workers and took trade secrets, but didn't enter judgment on the jury's award of $4.5 million in punitive damages.    

  • December 19, 2018

    2 More Ex-Wilmington Trust Execs Get Years Behind Bars

    Two former Wilmington Trust executives said to have played critical on-the-ground roles in hiding a massive pile of bad loans from regulators and investors — eventually breaking the regional bank — were sentenced in Delaware federal court Wednesday to prison terms of 4½ and three years.

  • December 19, 2018

    FTA Awards $16.6M For Transit-Linked Development Planning

    The Federal Transit Administration has awarded a total of $16.6 million to 20 organizations to support the development of areas near public transit projects in more than a dozen states, the agency said Tuesday.

  • December 19, 2018

    Wind Farm Cos. Tell Justices Feds Wrong On Tribal Appeal

    A trio of Oklahoma energy developers pressed the U.S. Supreme Court Tuesday to take up their bid to overturn the Tenth Circuit's ruling that they needed Osage Nation and federal approval for a lease connected with a wind farm project, saying the solicitor general has wrongly argued that the tribe had the right to take part in the circuit court appeal.

  • December 19, 2018

    Real Estate Rumors: Harbor, Facebook, Freshwater

    Harbor Group International has reportedly dropped $40.8 million on a Florida office property, Facebook is said to be in talks with REIT SL Green to lease a Manhattan tower, and Freshwater Group has reportedly bought a pair of Miami apartment buildings for $12.1 million.

  • December 19, 2018

    NJ Atty's Improper Argument Leads To New Slip-And-Fall Trial

    A New Jersey appeals court on Wednesday tossed a property owner’s trial win in a slip-and-fall case, ordering a new trial because the property owner’s attorney improperly gave jurors information during closing arguments that had not been admitted into evidence.

  • December 19, 2018

    Litchfield Cavo Atty Accused Of Pursuing Bogus Pa. RE Suit

    A Litchfield Cavo LLP partner is facing claims in Pennsylvania state court that he helped a client pursue a “bogus” lawsuit to trick a judge into giving his blessing to a phony lease agreement that gave the client rent-free occupancy of a North Philadelphia property for a day care business.

  • December 19, 2018

    More Unregistered Brokers Sold Woodbridge Securities: SEC

    The U.S. Securities and Exchange Commission has filed three more lawsuits against companies and individuals who allegedly sold unregistered securities in the $1.22 billion Ponzi scheme that drove Woodbridge Group of Cos. LLC to file for bankruptcy protection.

  • December 19, 2018

    2 Firms Steer $940M GreenOak-Bentall Kennedy Tie-Up

    Covington & Burling LLP represented Tetragon Financial Group on the merger of Tetragon's GreenOak Real Estate with Sun Life Financial Inc.’s platform Bentall Kennedy, a deal announced Wednesday that values the GreenOak-Bentall Kennedy venture at $940 million and a matter Weil Gotshal & Manges LLP helped Sun Life with.

  • December 18, 2018

    NJ Fraudster Can No Longer Delay Foreclosure, 3rd Circ. Says

    The Third Circuit has refused to disturb a bankruptcy court's liquidation of a legally embattled New Jersey college professor's assets in furtherance of a bank's long-stalled foreclosure on her home, ruling Monday that she never raised any "meaningful challenge" to the move beyond her disagreement with it.

  • December 18, 2018

    GSA Must Widen Search For Docs In FBI Headquarters Suit

    A D.C. federal judge has denied the U.S. General Services Administration’s bid to escape a watchdog group’s suit seeking documents regarding an abandoned plan to relocate the FBI's headquarters, instead telling the agency to expand its search for documents.

  • December 18, 2018

    Singapore REIT Snags Australian Shopping Center For $148M

    Singapore-based real estate investment trust SPH REIT Management Pte. Ltd., as part of a joint venture trust, said on Tuesday that it has agreed to buy a shopping center in New South Wales, Australia, for AU$206 million ($147.7 million) from Swordfish Australian Mid TC Pty Ltd.

  • December 18, 2018

    Real Estate Lawyers On The Move

    Greenberg Traurig LLP, K&L Gates LLP and Gould & Ratner LLP are among the various law firms that recently made new real estate or construction lawyer hires.

  • December 18, 2018

    Real Estate Rumors: Equity LifeStyle, Sugar Hill, TH

    Equity LifeStyle Properties has reportedly picked up a Florida mobile home park for $49 million, Sugar Hill Capital is said to have paid more than $250 million for a Harlem multifamily portfolio, and TH Real Estate has reportedly loaned $135 million for a portfolio of industrial properties in Southern California.

  • December 18, 2018

    Sears Gets Approval For $60M Home Improvement Biz Sale

    Sears Holding Corp. on Tuesday won approval from a New York bankruptcy judge for the sale of its home improvement business for $60 million, while telling the judge it is going ahead with the sale of the rest of its assets without a stalking horse bidder.

  • December 18, 2018

    Fifth Third Was Too Early To Sue Over Family's Death Payout

    A Pennsylvania federal judge dismissed a suit on Monday accusing a family of real estate developers of fraudulently transferring an interest in the family patriarch’s insurance policy death benefit out of Fifth Third Bank’s grasp, saying it’s too early to tell if the court’s intervention is necessary or productive.

  • December 18, 2018

    Architect Hit With $12.5M Suit By NYC Hotel Developer

    A development company that spent more than $23.5 million acquiring condominium units in New York’s garment district is seeking at least $12.5 million in damages from an architect and his firm for allegedly failing to give proper advice regarding the restrictions on building a new hotel in a neighborhood under the New York City Zoning Resolution, according to a complaint filed in New York state court.  

  • December 18, 2018

    The Moments That Mattered Most For Legal Ethics In 2018

    Anyone who thinks that legal ethics is a sleepy area of the law didn't live through 2018. The year saw major decisions about conflict waivers and defunct firm clawbacks, among other meaty topics, and enough head-shaking news springing from the special counsel probe into the presidential election to make one dizzy. Here, Law360 highlights some of the biggest ethics and professional conduct stories of 2018.

  • December 18, 2018

    The Year #MeToo Rocked In-House Law Departments

    General counsel from various industries were forced into the spotlight and held publicly accountable this year — either because they allegedly behaved inappropriately or were accused of handling internal situations poorly — as the #MeToo movement swept through corporate America and its in-house law departments.

Expert Analysis

  • REITs With International Operations Get Welcome IRS Ruling

    David Miller

    A revenue procedure released by the IRS in September provides important, albeit limited, relief to real estate investment trusts with international operations on certain unanswered questions, say David Miller and Christian Brause of Sidley Austin LLP.

  • Opinion

    Time To Reclaim Wellness For All Lawyers

    Leesa Klepper

    The decision last month by Baker McKenzie’s global chairman to step down due to exhaustion indicates that the legal profession needs to mount a broader wellness effort to address long hours, high stress, frequent travel and the daily demands of practice, says Leesa Klepper, director of Thrivewell Coaching.

  • Avoiding Transfer Pricing Scrutiny On Loans To Blocker Corps

    Brad Wagner

    Blocker corporation financing transactions are being scrutinized by the IRS Large Business and International division as part of its transfer pricing campaign. The division is focusing on two specific issues in its transfer pricing audits, says Brad Wagner of Wagner Duys & Wood LLP.

  • Appraising Property Taken By Eminent Domain In Mass.

    John Bowen

    When the government seizes property by eminent domain, Massachusetts compensation rules are favorable to property owners, but appraisal will require consideration of many hypothetical factors, as well as all three time frames — the past, the present and the reasonably foreseeable future, says John Bowen of Rackemann Sawyer & Brewster PC.

  • Next Steps For Oil And Gas Owners If Colo. Passes Prop 112

    Brent Owen

    On Tuesday, Colorado voters will decide whether to enact a ballot initiative that significantly restricts oil and gas development. If Proposition 112 passes, owners of oil and gas mineral interests will likely seek redress for the loss of their valuable property rights, says Brent Owen of Squire Patton Boggs LLP.

  • An In-Depth Guide To The Opportunity Zone Guidance: Part 2

    Marc Schultz

    Last month, the U.S. Department of the Treasury released proposed regulations for the new opportunity zone program. In the concluding part of this series, Marc Schultz of Snell & Wilmer LLP analyzes the guidance as it pertains to opportunity zone businesses and opportunity zone business property. 

  • Putting The Brakes On Construction Defect Suits In Texas

    Pierre Grosdidier

    In conjunction with Texas' litigation-curbing measures introduced in 2015, a state appellate court's recent decision in Mosaic v. 5925 Almeda, denying a condo owners association standing to sue for construction defects, may reduce the number of such lawsuits, says Pierre Grosdidier of Haynes and Boone LLP.

  • An In-Depth Guide To The Opportunity Zone Guidance: Part 1

    Marc Schultz

    On Oct. 19, the U.S. Department of the Treasury released proposed regulations, a related revenue ruling and Form 8996 pertaining to the new opportunity zone program. In this two-part article, Marc Schultz of Snell & Wilmer LLP analyzes material portions of this highly anticipated guidance and highlights where guidance is still necessary.

  • Protecting Law Firm Talent At Both Ends

    Susan Blakely

    By 2030, it is possible that 75 percent of lawyers practicing in the U.S. will be millennials. A broadened focus on retention and advancement of all young lawyers is therefore a logical step forward but it fails to address another major retention issue that law firms should explore, says Susan Smith Blakely of LegalPerspectives LLC.

  • Q&A

    Wendy Olson Talks Twin Falls, Tribes, Private Practice

    Wendy Olson

    Former U.S. Attorney for the District of Idaho Wendy Olson discusses her decades of experience prosecuting white collar crimes and civil rights violations, her work and challenges as U.S. attorney, and her move to private practice.