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Real Estate
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October 30, 2025
California Returns 17,030 Acres To Tule River Tribe
California Gov. Gavin Newsom on Wednesday announced the return of 17,030 acres of ancestral land to the Tule River Indian Tribe, calling it an effort to address "historical wrongs" committed against the tribe and other Native American tribes in the state.
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October 30, 2025
OpenAI Preps For IPO At $1T Valuation, Plus More Rumors
Sam Altman's OpenAI is prepping plans for an initial public offering that could value the artificial intelligence behemoth at up to $1 trillion, Facebook-owner Meta is preparing for an up to $25 billion bond offering, and major banks are gearing up for the launch of a $38 billion debt offering to fund data centers to be used by technology giant Oracle.
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October 30, 2025
Ill. Bill Seeks Credit For Small-Biz Property Tax Payments
Illinois would allow eligible small businesses to claim an income tax credit for a portion of their property tax payments under a bill introduced in the state House of Representatives.
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October 30, 2025
NewPoint, Morgan Properties Close $348M RE Fund
NewPoint Real Estate Capital and Morgan Properties have closed their affordable housing-focused credit fund with $348 million worth of equity commitments after the fund started off with a $250 million to $275 million fundraising target, NewPoint announced Oct. 30.
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October 29, 2025
Compass Loses Bid For Redfin Docs In Zillow Antitrust Suit
A New York federal court Wednesday refused to order property listing company Redfin Corp. to turn over documents requested by brokerage Compass in its antitrust suit against Zillow Inc., finding that the request should have been made in Washington federal court instead.
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October 29, 2025
Ex-Chicago Alderman's Aide Pleads Guilty In Bribery Case
The chief of staff to former Chicago City council member Carrie Austin admitted Wednesday he misappropriated Supplemental Nutrition Assistance Program funds in a criminal case that also accused him and Austin of accepting benefits from contractors seeking city assistance for a development project in her ward.
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October 29, 2025
BP Unit Sued Over Wash. Refinery's 'Noxious Odor' Emissions
BP Products North America was hit with a proposed negligence class action in Washington federal court on Tuesday, alleging it emitted noxious odors from its oil refinery that damaged nearby properties, forcing some residents to retreat to Airbnb homes for temporary relief from the foul smells.
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October 29, 2025
Opendoor Investors Ask For Final OK Of Reforms Settlement
Investors of Opendoor Technologies Inc. have asked an Arizona federal judge to give the final OK to a settlement that includes corporate governance reforms and $1.9 million in attorney fees, to end a derivative suit that claimed they were misled about the efficacy of Opendoor's artificial intelligence pricing algorithm used to buy and sell homes.
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October 29, 2025
Dallas Mavericks Sue To Eject Dallas Stars From Arena
The NBA's Dallas Mavericks launched a suit in the Texas Business Court aimed at wresting control of the American Airlines Center away from the NHL's Dallas Stars, saying the Stars forfeited their right to co-lease the stadium when they moved their headquarters.
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October 29, 2025
Ga. Panel Partially Revives Solar Farm Property Dispute
The Georgia Court of Appeals found a trial court should have let a jury decide whether two solar companies were obligated to pay $150,000 per year in fixed fees to the owners of 295 acres of property in Mitchell County that they planned to develop for solar energy production.
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October 29, 2025
Cushman & Wakefield Ex-Broker Alleges Pregnancy Bias
A former Cushman & Wakefield real estate broker claimed in a federal lawsuit Tuesday that she was cheated out of nearly $250,000 in pay after the company slashed her commissions and took away her top account while she was out on maternity leave.
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October 29, 2025
9th Circ. Upholds Insurer's Win Over Retaining Wall Failure
The Ninth Circuit upheld a Washington federal court's no-coverage decision over a contractor's $2.66 million settlement relating to faulty retaining walls it constructed, agreeing Wednesday that a "sudden and accidental" exception in an "impaired property" exclusion did not apply to reinstate coverage for one wall that had failed.
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October 29, 2025
Warburg, Madison International Unveil $300M RE Initiative
Private equity firm Warburg Pincus announced Wednesday that it has teamed up with real estate investment firm Madison International Realty to create a $300 million initiative that aims to use "liquidity solutions" to invest in discounted residential, industrial, cold storage and data center properties, among others.
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October 29, 2025
Wells Fargo Agrees To Trim $481M Loan Suit Against JPMorgan
Wells Fargo, JPMorgan Chase & Co., New York City developer Meyer Chetrit and other parties submitted a proposed agreement that will get rid of most of Wells Fargo's nine-count suit accusing JPMorgan and the others in New York federal court of being liable for a $481 million mortgage loan deal that caused "tens of millions of dollars in losses."
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October 29, 2025
Halligan Defends Exchange With Reporter Flagged By James
Federal prosecutors argued that special media restrictions aren't needed in their case against New York Attorney General Letitia James, after her lawyers called out U.S. Attorney Lindsey Halligan's texts to a reporter in a filing last week and asked the court for an order barring further media communications.
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October 29, 2025
7th Circ. Skeptical Of Bid To Toss Ex-Atty's Bribery Conviction
Judges on a Seventh Circuit panel appeared doubtful Wednesday of a former attorney's contention that he never bribed ex-Chicago Alderman Ed Burke and was merely seeking to hire him for a legal matter.
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October 29, 2025
Trial Evidence Backs Tossed Claims, Ex-Housing Worker Says
A former coordinator for the public housing authority in Charlotte, North Carolina, who won a $2.34 million verdict against her one-time employer for negligently retaining a supervisor who created a hostile work environment is looking to revive a host of claims that a federal judge threw out before the trial.
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October 28, 2025
Law Firm Countersues Lender In Battle Over Fraudulent Loan
A North Carolina law firm hit back Tuesday against a mortgage lender's professional negligence suit over a $510,000 loan a borrower alleged was fraudulent, arguing in a countersuit that the lender failed to properly verify the identities of the purported borrowers.
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October 28, 2025
New Frank's Landing Council Asks To Halt State Court Actions
Newly appointed council members of a self-governing dependent Native American community, who sued a Washington court clerk to stop her from asserting jurisdiction in an underlying lawsuit about supervision of a school in Indian Country, asked a federal judge to order her to cease performing ministerial duties for now.
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October 28, 2025
Insurers Can't Avoid Tanger's COVID Coverage Suit In NC
Two insurers can't avoid Tanger Outlets' lawsuit seeking coverage for more than $50 million in pandemic losses, North Carolina's business court ruled, finding the retail outlet chain sufficiently connected its insured interests to its operations in North Carolina.
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October 28, 2025
Romania Pushes €2B Claim Over Stymied Bucharest Project
A property developer is facing a €2 billion ($2.3 billion) claim asserted by Romania in a London Court of International Arbitration proceeding relating to an ill-fated shopping and entertainment center project in central Bucharest.
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October 28, 2025
Trump Admin Ordered To Halt Some Shutdown-Linked Layoffs
A California federal judge on Tuesday granted a preliminary injunction to eight unions for federal workers who lost their jobs during the government shutdown, saying they were likely to succeed on their claims that the Trump administration's actions were "political retribution" and unlawful.
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October 28, 2025
3 Firms Guide Apex Treasury's $300M Blockchain, Crypto IPO
Special purpose acquisition company Apex Treasury Corp., guided by Perkins Coie LLP and Appleby (Cayman) Ltd., has completed a $300 million blockchain and cryptocurrency-focused initial public offering, which was supported by Pillsbury Winthrop Shaw Pittman LLP-led underwriters.
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October 28, 2025
NJ Appellate Court Won't Revive Legal Malpractice Dispute
A New Jersey appellate court upheld a trial court's dismissal of a legal malpractice suit stemming from a 1995 commercial property deal, finding Tuesday that the property owners failed to turn over complete discovery responses for nearly two years.
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October 28, 2025
Greenberg Traurig Guides JV's Outpatient Portfolio Buy
A Remedy Medical Properties and Kayne Anderson Real Estate joint venture, guided by Greenberg Traurig LLP, has become the top outpatient medical properties owner in the U.S. after it acquired an 18 million-square-foot, 296-property portfolio of outpatient medical facilities from real estate investment trust Welltower.
Expert Analysis
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Federal Construction Considerations Amid Policy Overhaul
The rapid overhaul of federal procurement, heightened domestic sourcing rules and aggressive immigration enforcement are reshaping U.S. construction, but several pragmatic considerations can help federal contractors engaged in infrastructure and public construction avoid the legal, financial and operational fallout, say attorneys at Cozen O'Connor.
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A Look At Trump Admin's Shifting Strategies To Curtail CFPB
The Trump administration has so far carried out its goal of minimizing the Consumer Financial Protection Bureau's authority and footprint via an individualized approach comprising rule rollbacks, litigation moves and administrative tools, say attorneys at Holland & Knight.
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How Trump's Trade Policies Are Shaping Foreign Investment
Five months into the Trump administration, investors are beginning to see the concrete effects of the president’s America First Investment Policy as it presents new opportunities for clearing transactions more quickly, while sustaining risk aversion related to Chinese trade and potentially creating different political risks, say attorneys at Covington.
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Series
My Opera And Baseball Careers Make Me A Better Lawyer
Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.
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8 Ways Lawyers Can Protect The Rule Of Law In Their Work
Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.
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Series
Law School's Missed Lessons: Communicating With Clients
Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.
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Rocket Mortgage Appeal May Push Justices To Curb Classes
Should the U.S. Supreme Court agree to hear Alig v. Rocket Mortgage, the resulting decision could limit class sizes based on commonality under Rule 23 of the Federal Rules of Evidence as opposed to standing under Article III of the U.S. Constitution, say attorneys at Carr Maloney.
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Bill Leaves Renewable Cos. In Dark On Farmland Reporting
A U.S. Senate bill to update disclosure requirements for foreign control of U.S. farmland does not provide much-needed guidance on how to report renewable energy development on agricultural property, leaving significant compliance risks for project developers, say attorneys at Hodgson Russ.
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Series
Adapting To Private Practice: From US Rep. To Boutique Firm
My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.
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Opinion
Senate's 41% Litigation Finance Tax Would Hurt Legal System
The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.
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Series
Performing As A Clown Makes Me A Better Lawyer
To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.
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Series
Law School's Missed Lessons: Rejecting Biz Dev Myths
Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein.
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Fla. Condo Law Fix Clarifies Control Of Common Areas
Florida's repeal of a controversial statutory provision that permitted developers of mixed-use condominium properties to retroactively assert control over common facilities marks a critical shift in legal protections for unit owners and associations, promoting fairness, transparency and accountability, say attorneys at Pardo Jackson.
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Move Beyond Surface-Level Edits To Master Legal Writing
Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake.
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EDNY Ruling May Limit Some FARA Conspiracy Charges
Though the Eastern District of New York’s recent U.S. v. Sun decision upheld Foreign Agents Registration Act charges against a former aide to New York Gov. Kathy Hochul, its recognition of an affirmative legislative policy to exempt some officials may help defendants charged with related conspiracies, say attorneys at ArentFox Schiff.