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Real Estate

  • August 17, 2018

    Manafort Judge Talks Threats In Not Releasing Jurors' Names

    The Virginia federal judge overseeing the Paul Manafort trial on Friday revealed he has received threats during the case and expressed concern that revealing the names of jurors deliberating the fate of the former Trump campaign chair could put their “peace and safety” at risk.

  • August 17, 2018

    Bowles Rice, Insurer Resolve $41M Fight On Eve Of Trial

    Bowles Rice has resolved a $41 million fight with a title insurer stemming from a troubled coal plant build and averted a trial that was set to start Monday, according to a lawyer involved in the case, heading off what at least one expert said was a sizable threat to the firm in the face of its limited malpractice coverage.

  • August 17, 2018

    Trump Asks For Stay Pending Appeal Of Emoluments Suit

    In a bid to prevent discovery that could involve President Donald Trump's financial records, government attorneys asked a Maryland federal judge Friday to stay Maryland and the District of Columbia's suit alleging Trump's potential profit from foreign and domestic governments at Trump International Hotel violates the Constitution's emoluments clauses.

  • August 17, 2018

    Mining Error Not A Covered Accident, Ky. Justices Rule

    A split Kentucky Supreme Court on Thursday ruled that American Mining Insurance Co. does not have to cover damages that resulted when a now-insolvent mining company wrongly extracted coal from a farmer’s property, reversing a state appeals panel and holding that the incident did not constitute an accidental occurrence for coverage purposes.

  • August 17, 2018

    HUD Claims Facebook's Housing Ads Are Discriminatory

    The U.S. Department of Housing and Urban Development has hit Facebook Inc. with an administrative complaint that accuses the social media giant of using discriminatory advertising practices to target home buyers, according to New York federal court documents filed Friday in a related lawsuit.

  • August 17, 2018

    Timeshare Co. Recklessly Disregarded FLSA, OT Suit Says

    A proposed class of employees hit a Florida timeshare company with a suit Friday in Florida federal court claiming willful violations of overtime wages under the Fair Labor Standards Act, saying the company failed to pay overtime and showed "reckless disregard" of the act's provisions.

  • August 17, 2018

    Half-Built Fla. Resort's $39M Sale Gets Court Approval

    A Florida bankruptcy judge signed off Friday on a $39.1 million sale of a stalled Fort Lauderdale resort partially built with $30 million from the EB-5 immigrant investor visa program.

  • August 17, 2018

    Feds Fire Back At Sheldon Silver's Post-Conviction Bail Bid

    Federal prosecutors on Thursday rejected as “baseless” a request by Sheldon Silver to stay free while appealing his conviction and seven-year sentence for political corruption, telling a Manhattan federal judge that the jury that convicted the former New York Assembly speaker had clear instructions.

  • August 17, 2018

    PG&E Fire Liability Has Calif. Considering Ch. 11 Alternative

    As wildfires again ravage swaths of California forests in what has become a deadly summer ritual, the threat of a Pacific Gas and Electric Co. bankruptcy looms over state lawmakers who are hastily debating how to apportion liability for billions of dollars' worth of damage stemming from last year's infernos.

  • August 17, 2018

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen Gatwick Airport sue an insolvent construction firm and two insurers for professional negligence, Deutsche Bank lodge a claim against India's Canara Bank and a Markel unit file a contract dispute against German animal insurance specialist Hippo.

  • August 17, 2018

    PennDOT Wants Out Of Pittsburgh Artist's Lost-Murals Suit

    The Pennsylvania Department of Transportation is seeking to duck a Pittsburgh artist's federal lawsuit over the destruction of his murals, arguing Thursday that as a state agency it has sovereign immunity from the man's claims.

  • August 17, 2018

    Mass. Court Says Wells Fargo Can't Sue To Shield Foreclosure

    The Massachusetts Appeals Court on Friday affirmed that Wells Fargo Financial Massachusetts Inc. could not use its own contract concerns and an uptick in litigation challenging dispossessions to get the court's hypothetical blessing to foreclose on homeowners before actually attempting to evict them.

  • August 17, 2018

    Loeb & Loeb Guides Morgan Stanley's $40M Loan To Fortuna

    Loeb & Loeb LLP represented Morgan Stanley Private Bank NA in connection with its $40 million loan to Fortuna Realty Group LLC for a piece of vacant land on Avenue of the Americas in Manhattan that's slated to be home to a new hotel, according to records made public in New York on Friday.

  • August 17, 2018

    CapStack TRO Denied By Chancery Over Speech Concerns

    An apartment complex management firm won’t be restrained from making statements about alleged fraud by the co-owners of several complexes after a Delaware Chancery Court judge ruled Thursday that such an injunction would curtail the manager’s free speech rights without trial.

  • August 17, 2018

    Wall Installer Can't Restart Claims Against Related Cos.

    U.S. District Judge Jed S. Rakoff has blocked an exterior wall installer’s bid to reinstate fraud and unjust enrichment claims against The Related Companies LP over the real estate firm’s collection of funds from a Chicago project, saying the allegations are not sufficiently supported.

  • August 17, 2018

    Atty Suspended For 5-Year Legal Fight With Neighbors

    The Washington Supreme Court has agreed to suspend a Whatcom County attorney for 18 months for a drawn-out, five-year legal battle with his neighbor over the boundary line between their properties, which the court said was "frivolous and was intended to harass."

  • August 17, 2018

    Real Estate Rumors: Lennar, Amerra Capital, Google

    Lennar is reportedly under contract to buy 18.2 acres in Miami, private equity shop Amerra Capital is said to be subleasing 12,750 square feet in New York and Google is reportedly close to a deal to lease nearly 14,000 square feet in Chicago, where it plans to open a retail store.

  • August 17, 2018

    Rising Star: Paul Hastings' David Hamsher

    A key player in some of the San Francisco real estate market’s largest public-private partnerships, Paul Hastings LLP partner David Hamsher also helped China’s SRE Group Ltd. land its first investment in North America in 2017, earning him a spot as one of six real estate attorneys named to Law360’s list of Rising Stars.

  • August 17, 2018

    Shutts & Bowen Adds Real Estate, IP Talent In Tampa

    Shutts & Bowen LLP has expanded its real estate, intellectual property and business litigation practice groups in Tampa with the hire of a trio of new partners, the firm announced Thursday.

  • August 17, 2018

    Katten's Head Of Real Estate Eyes Lone Star State Expansion

    Katten Muchin Rosenman LLP has assembled a broad real estate practice in New York, across the country and internationally and as the firm looks for additional growth, Katten is eyeing the Texas market, the firm's national real estate department head Timothy Little told Law360 in a recent wide-ranging interview.

Expert Analysis

  • Why 25% Foreign-Owned Blocker Corps. Must File Form 5472

    Brad Wagner

    The IRS has recently become very aggressive in asserting penalties for failing to file a Form 5472 — used to identify potential tax issues with regard to transactions between a U.S. corporation and related foreign shareholder, says Brad Wagner of Wagner Duys & Wood LLLP.

  • Series

    Judging A Book: Lipez Reviews 'Last Great Colonial Lawyer'

    Judge Kermit Lipez

    In his new book, "The Last Great Colonial Lawyer: The Life and Legacy of Jeremiah Gridley," Charles McKirdy argues that Gridley — someone I had never heard of — was the last great colonial lawyer, and that his cases illuminate his times. The author largely substantiates both claims, says First Circuit Judge Kermit Lipez.

  • How FIRRMA Will Change National Security Reviews: Part 2

    Jeff Bialos

    The newly enacted Foreign Investment Risk Review Modernization Act significantly expands the authority of the U.S. government to review and restrict foreign investments on national security grounds. But FIRRMA also has provisions that may exempt some transactions from review, and accelerate review of others, say Jeffrey Bialos and Mark Herlach of Eversheds Sutherland LLP.

  • Long-Awaited Bonus Depreciation Insight For Partnerships

    Junaid Chida

    Earlier this month, the IRS finally released proposed regulations under the bonus depreciation provisions of the Tax Cuts and Jobs Act. The guidance provides long-awaited clarification on the availability of 100 percent bonus depreciation to partnership basis adjustments, say attorneys at O'Melveny & Myers LLP.

  • How FIRRMA Will Change National Security Reviews: Part 1

    Jeffrey Bialos

    The Foreign Investment Risk Review Modernization Act empowers the U.S. government to review a far broader group of transactions than ever before to determine if they threaten national security. FIRRMA's expansive new coverage includes oversight of real estate investments and transfers of "emerging and foundational technologies," say Jeffrey Bialos and Mark Herlach of Eversheds Sutherland LLP.

  • Time To Update Prop 65 Warnings For Residential Rentals

    Andrea Sumits

    The ubiquitous Proposition 65 warning signs posted throughout apartment communities in California may soon become a thing of the past. Under a new draft rule that is being finalized, safe harbor warnings for residential rental properties will be found in lease agreements rather than on posted signs, says Andrea Sumits of Environmental General Counsel LLP.

  • Unclear Which Way Wind Blows After Reversal Of Alta Wind

    Julie Marion

    The Federal Circuit recently reversed the U.S. Court of Federal Claims decision in Alta Wind v. United States, finding the trial court's method of valuing the wind farm properties did not accurately represent their fair market value. The decision was unclear, however, about how the lower court should determine the value on remand, leaving the renewable energy industry with a number of questions, say attorneys at Latham & Watkins LLP.

  • Using Ex Parte Seizures Abroad To Obtain IP Evidence

    Nicholas J. Boyle

    Practitioners should know how to use foreign search and seizure law to secure evidence of wrongdoing that can be introduced in U.S. intellectual property lawsuits. A recent copyright case, CoStar Group v. Xceligent, illustrates the benefits of invoking these ex parte provisions, say Nicholas J. Boyle and C. Bryan Wilson of Williams & Connolly LLP.

  • Interview Essentials For Attorneys On The Move

    Eileen Decker

    Across the country this fall, recent law school graduates, law firm associates and experienced professionals will interview for positions in private practice and government service. Sharing tips on how to stand out in this high-pressure, hypercompetitive process are Eileen Decker, former U.S. attorney for the Central District of California, and Keith Jacoby, co-chairman of Littler Mendelson PC’s class action practice group.

  • Roundup

    Clerking For Ginsburg

    Clerking For Ginsburg

    Justice Ruth Bader Ginsburg joined the U.S. Supreme Court 25 years ago and is not planning to retire anytime soon — she has hired clerks through 2020. What's it like to assist Justice Ginsburg? In this series, former clerks reflect on the experience.