Real Estate

  • 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, 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.

  • November 21, 2017

    NJ Panel Affirms Use Of Eminent Domain For Landfill

    A New Jersey appellate court ruled Monday that the state’s Sports and Exposition Authority had the right to use eminent domain to acquire a landfill in Kearny to continue solid waste disposal there, rejecting the municipality's arguments that the agency acted improperly.

  • November 21, 2017

    Pa. Justices Snub Appeal Over Revived Gas Lease Fight

    The Pennsylvania Supreme Court said Monday that it would not hear an appeal following a decision that revived a class action accusing Rex Energy Corp. of failing to pay bonuses that landowners say they’re owed over properties leased for gas drilling.

  • November 21, 2017

    PE-Backed Cos. Unveil Secondary Offerings Totaling $470M

    Private equity-backed food distribution giant Performance Food Group Co. and software provider Black Knight Inc. priced secondary stock offerings raising a combined $470 million on Tuesday, enabling their private equity shareholders to unload sizable stakes in the companies.

  • November 20, 2017

    Real Estate Rumors: Mizuho Americas, MMG Equity, PNC Bank

    Mizuho Americas has reportedly leased another 270,000 square feet on Sixth Avenue in New York, MMG Equity Partners has reportedly bought a Florida grocery-anchored shopping center for $17 million and PNC Bank is said to have loaned $27.3 million for a Florida hotel project.

  • November 20, 2017

    RMBS Trustees Open Court Fight For $11.4B Lehman Claim

    Bankruptcy court scrutiny of Lehman Brothers’ sale of residential mortgage-backed securities in the years preceding the 2008 financial crisis got underway Monday as counsel for several RMBS trusts argued that the shuttered investment bank is responsible for $11.4 billion in damages for securitizing misrepresented loans.

  • November 20, 2017

    4th Circ. Affirms SunTrust Bankers' Fraud Convictions

    The Fourth Circuit affirmed on Monday convictions against a SunTrust Mortgage branch head and his three relatives for their role in a multimillion-dollar scheme to falsify loan documents and get borrowers mortgages for homes they couldn’t afford, rejecting arguments that the lower court gave a jury erroneous instructions.

  • November 20, 2017

    Tritax Big Box REIT Acquires 3 UK Properties For $116M

    Tritax Big Box REIT PLC has picked up three U.K. logistics properties through two separate transactions for more than £88 million ($116.4 million) combined, according to a pair of announcements on Monday from the real estate investment trust.

  • November 20, 2017

    Law Firm Shakes Foreclosure Fee Suit In Pa. Appeals Court

    A Pennsylvania appeals court said Monday that it would not revive class claims accusing Udren Law Offices PC of illegally collecting excessive fees in connection with mortgage foreclosure actions against homeowners.

Expert Analysis

  • What's Next After Calif. Homeowner Bill Of Rights Sunsets

    Ashley Fickel

    On Jan. 1, 2018, certain provisions of the California Homeowner Bill of Rights are scheduled to expire. This will cause several changes in the requirements for those servicing large portfolios of resident mortgage loans, but servicers will undoubtedly continue to see similar claims in 2018 and beyond, says Ashley Fickel of Dykema Gossett PLLC.

  • How Shell Companies Launder Money In Luxury Real Estate

    Neil Axler

    The past decade has seen dramatic increases in the purchase prices of luxury residential real estate in New York and Florida as well as in the proportion of properties purchased through shell companies. Law enforcement officials are concerned that foreign criminals may be using the U.S. real estate market to launder dirty money, say attorneys with Stout Risius Ross LLC.

  • Roundup

    Judging A Book

    Alexander Hamilton and the Development of American Law

    Are the latest books on the judicial system worth reading? Federal judges share their thoughts in this series of book reviews.

  • Don't Waste This Planning Cycle: Year-End Strategies

    Hugh A. Simons

    Law firms are businesses where partners operate with significant autonomy. To see their priorities translate into individual partner action, firm leaders should use a few collaborative strategies, suggests Hugh A. Simons, former senior partner of The Boston Consulting Group and former COO of Ropes & Gray LLP.

  • From Snaps To Tweets: The Craft Of Social Media Discovery

    Matthew Hamilton

    Courts have consistently held that social media accounts are subject to established discovery principles but are reluctant to allow parties to rummage through private social media accounts. Recent case law confirms that narrowly tailored information requests get the best results, say Matthew Hamilton, Donna Fisher and Jessica Bae of Pepper Hamilton LLP.

  • Learning From The Greystone Affordable Development Case

    Ray Jones

    Affordable housing developers face the challenge of developing projects that are pleasing to both tenants and the community, while keeping rents at permissible levels. A South Carolina developer recently demonstrated that renovating low income housing units with the help of multifaceted deal structures is one possible solution, says Roy Jones of Parker Poe Adams & Bernstein LLP.

  • An Interview With Former DHS Secretary Jeh Johnson

    Randy Maniloff

    Jeh Johnson, the former secretary of homeland security, was kind enough to let me visit him to reflect on his diverse career. He told stories that left me speechless. And yes, the man who was responsible for the Transportation Security Administration removed his shoes when going through airport security. You bet I asked, says Randy Maniloff of White and Williams LLP.

  • Hurdles To Consider When Securing A Personnel File

    Michael Errera

    Attorneys should follow seven key points to ensure that their discovery requests and pleadings are appropriately prepared to overcome common hurdles that may be encountered when requesting production of a personnel file, say Michael Errera and Paul Ferland of Foran Glennon Palandech Ponzi & Rudloff PC.

  • A Powerful Tool For Collecting Judgments

    Craig Weiner

    Enforcing a judgment, particularly in foreign jurisdictions, is a complex and difficult endeavor, and filing lawsuits in foreign countries often proves ineffective and costly. These situations require specialization and expertise, and litigants are increasingly turning to court-appointed receivers as a solution, say Craig Weiner and Chelsea Walcker of Robins Kaplan LLP.

  • Series

    Judging A Book: Gilstrap Reviews 'Alexander Hamilton'

    Judge Rodney Gilstrap

    While Alexander Hamilton is the subject of a hit Broadway musical and renewed biographical examinations, professor Kate Brown takes us down a road less traveled in her book "Alexander Hamilton and the Development of American Law" — showing Hamilton as first, last and foremost an American lawyer, says U.S. District Judge Rodney Gilstrap of the Eastern District of Texas.