Real Estate

  • May 20, 2022

    Surfside Collapse Site Will Sell For $120M To Sole Bidder

    The Champlain Towers South condominium collapse site in Surfside, Florida, will sell for $120 million to Dubai-based buyer Damac Properties PJSC after other potential buyers failed to submit bids by the Friday deadline for next week's auction.

  • May 20, 2022

    Florida Real Estate Roundup: 13th Floor, Clearline, Quattro

    Miami-based 13th Floor Investments, in partnership with Wexford Capital, has sold the Reserve at Coconut Point, a recently completed luxury multifamily development in the southwest Florida community of Estero, for $71.7 million.

  • May 20, 2022

    Who, Where, How: Mapping Pandemic Rent Aid Across NY

    Jada, a tenant from the Bronx, was relieved last summer when her management company sent out an email encouraging her to apply for New York's $2.4 billion federally funded Emergency Rental Assistance Program, or ERAP. Combing through application and payment data, Law360 explores the pandemic program's effectiveness.

  • May 20, 2022

    New Orleans, Detroit Join Tenant Right-To-Counsel Movement

    A pandemic-fed boom in tenant right-to-counsel laws appears to have staying power, with New Orleans and Detroit recently joining more than a dozen cities and states in guaranteeing renters facing eviction the right to a free lawyer.

  • May 20, 2022

    Creditors Urge Rejection Of Dallas Senior Home Ch. 11 Loan

    Unsecured creditors of the bankrupt, 400-bed Edgemere retirement community in Dallas have asked a Texas bankruptcy judge to reject a proposed $10.1 million Chapter 11 financing loan unless modified, citing terms that overwhelmingly favor a bond trustee at the expense of the estate and unsecured creditors.

  • May 20, 2022

    NY Atty Back On The Hook For Flub Lessee Says Cost $12M

    A New York appeals court on Thursday found a lessee wasn't wrong to rely on a partner at Long Island law firm Jaspan Schlesinger LLP who called changes to a lease "housekeeping" in a case claiming the attorney's mistake caused a $12 million loss on two buildings in Queens.

  • May 20, 2022

    Upstate NY Landfill Smell Lawsuit Tossed

    A suit targeting a local landfill in upstate New York over allegedly noxious odors has been abruptly killed following a dismissal of two similar suits in the state where a judge found public nuisance claims likewise didn't pass legal muster.

  • May 20, 2022

    New Arbitration Planned In $5B PrivatBank Laundering Case

    Two men accused of helping launder millions of dollars stolen from PrivatBank in Ukraine said Thursday they plan to seek arbitration over the U.S. government's efforts to seize an office complex in Dallas that federal officials say they financed with the stolen money.

  • May 20, 2022

    Trump Pays $110K To NY AG For Not Complying In Biz Probe

    Former President Donald Trump has paid a $110,000 fine for his failure to comply with the New York attorney general's probe into his business practices and filed affidavits ahead of a Friday deadline to keep a court's contempt order lifted.

  • May 20, 2022

    Norway Fund Drops €677M For 50% Stake In Berlin Property

    Norway's sovereign wealth fund said Friday it will snap up a 50% stake in an eight-building Berlin complex composed of offices, retail and residential space for €677 million ($715.8 million).

  • May 20, 2022

    Taconic Capital Wraps Up $500M Real Estate Fund

    Taconic Capital Advisors closed its third real estate fund, Taconic CRE Dislocation Onshore Fund III, with $500 million in capital commitments, the investment firm said Friday.

  • May 20, 2022

    Real Estate Rumors: Josep Suriol, Webster Bank, Ceme

    An entity managed by investors Josep Suriol and Leonel Maresma has reportedly bought a Miami hotel for $16.1 million, Webster Bank is said to have loaned $21.9 million for a Philadelphia industrial property and Ceme Development is reportedly hoping to build 54 apartment units in South Florida.

  • May 20, 2022

    Sidley Adds More Weil Attys To Global Real Estate Practice

    Sidley Austin LLP has continued the growth of its real estate practice by adding three more Weil Gotshal & Manges LLP attorneys to its offices in Miami and New York.

  • May 20, 2022

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

    The past week in London has seen footwear giant Sketchers step into an IP dispute with a British discount store, a cryptocurrency ATM operator go after its former director, and a coalition of major English soccer clubs sue insurers over COVID-19 disruption. Here, Law360 looks at these and other new claims in the U.K.

  • May 19, 2022

    Woodworking Cos. Ask 1st Circ. To Revive Fire Coverage Suit

    The owner of a real estate agency and two woodworking companies asked the First Circuit on Thursday to overturn a district court's decision denying coverage for safety upgrades made after a 2017 fire.

  • May 19, 2022

    Wells Fargo And PNC Look To Toss Beverly Hills Hotel Suit

    Wells Fargo and a PNC Bank unit are pushing a New York federal court to toss a Beverly Hills hotel owner's suit claiming they wrongfully demanded payment of "default interest" on a $38 million loan during the COVID-19 pandemic, saying the owner knows it breached the loan agreement.

  • May 19, 2022

    Feds Ink $27.7M Deal For Waste Cleanup At Ohio Landfill

    Chemical Waste Management Inc., Procter & Gamble Co., PPG Industries Inc., and a handful of other companies have agreed to commit at least $27.7 million toward cleaning up hazardous substances at an Ohio landfill, according to a consent decree filed Thursday.

  • May 19, 2022

    Insurer Pans Expert Testimony In Virus Suit Ahead Of Trial

    Factory Mutual Insurance Co. slammed two expert testimonies as "unreliable, irrelevant and unfairly prejudicial" in a commercial property owner's COVID-19 business interruption suit before a New York federal court, which hinges in part on whether the novel coronavirus was actually present at the insured properties.

  • May 19, 2022

    Real Estate Rumors: Blackstone, SESAC, Clearline

    Blackstone is said to have dropped $40.25 million on a Florida apartment complex, SESAC is said to be leasing 12,611 square feet in New York, and Clearline Real Estate is said to have paid $19.75 million for a South Florida development site.

  • May 19, 2022

    Alpine SPAC To Merge With Two Bit, Buy Hotels In $115M Play

    Special purpose acquisition company Alpine, guided by Hodges Ward Elliot, said Thursday that it will combine with Two Bit Circus Inc. and buy two hotels in transactions worth a combined $115 million.

  • May 19, 2022

    Feds Off Hook For Cherokee Casino Work, Claims Court Says

    A U.S. Court of Federal Claims judge has tossed a suit against the federal government by an Oklahoma landowner over alleged damage to her property from activity at a nearby Cherokee Nation casino, saying the government wasn't responsible for any actions taken by the tribe on trust land held by the United States.

  • May 19, 2022

    ​​​​​​​Insurer's Hurricane Payment Delay Was Bad Faith, HOA Says

    A Florida homeowners association accused its insurer of acting in bad faith by denying its hurricane damage claim for years before ultimately being required to pay nearly $1.67 million following an appraisal. 

  • May 19, 2022

    Contractor Says NY Condo Is Fair Game Amid $1B Fight

    A construction firm told a New York federal court that the Republic of Congo can't shield a pricey New York City condo from the company's attempts to enforce nearly $1 billion in arbitral awards against the nation simply because the sale was handled by a "shell company."

  • May 19, 2022

    3 Firms Shape Brookfield's £4.1B HomeServe Buy

    Canada's Brookfield Infrastructure Partners LP plans to buy U.K.-based house repairs and improvements business HomeServe for nearly £4.1 billion ($5.1 billion) in a deal guided by three law firms, the companies said Thursday.

  • May 19, 2022

    Holland & Knight Latest Firm To Add Fla. Real Estate Talent

    Holland & Knight LLP has added the former director and counsel of a West Palm Beach real estate management company as a partner, the latest in a number of recent hires by Florida firms to boost their real estate practices.

Expert Analysis

  • 9th Circ. FCRA Ruling Highlights Furnishers' Role In Disputes

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    A recent Ninth Circuit decision in a consumer credit reporting suit against CitiMortgage raises a host of legal questions, and is an opportunity for creditors that furnish information to consumer reporting agencies to evaluate how they respond to consumer disputes and assess their overall compliance with the Fair Credit Reporting Act, say Sasha Leonhardt and Cierra Newman at Buckley.

  • Phase I Site Assessments After EPA U-Turn On 2021 Standard

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    With the U.S. Environmental Protection Agency withdrawing its recent approval of the 2021 ASTM standard for Phase I environmental site assessments, parties preparing a Phase I report would be wise to comply with the 2013 standard — at least for now, says Heather Richardson at Thompson Hine.

  • Overcommunicate With Your Summer Associates This Year

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    2022 summer associates have had limited opportunities for professional interactions due to the pandemic, so supervising attorneys should prioritize intentional overcommunication by emphasizing importance of tone and content of emails, sharing feedback immediately, and more, says Julie Schrager at Faegre Drinker.

  • Nev. Case Highlights Settlement Authority Dilemmas For Cos.

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    A Nevada federal court's recent decision in Ceja v. The Vons Companies illustrates the pitfalls of misinterpreting a court order requiring a representative with full settlement authority to be present at negotiations, and is a reminder to consider that courts differ as to what full settlement authority means in practice, says Richard Mason at MasonADR.

  • Opinion

    2nd Circ. Reasoning In COVID Force Majeure Case Is Flawed

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    The Second Circuit's recent holding in JN Contemporary Art v. Phillips Auctioneers, that a force majeure clause permitted an auction house to cancel a contract because of COVID-19, was correctly decided, but for the wrong reasons, because the decision incorrectly characterized the operative clause as a catchall clause, says Joshua Wurtzel at Schlam Stone.

  • Opinion

    ALI Oversteps With Expansive Restatement Of Contract Law

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    The American Law Institute's consumer contracts restatement project, which members are scheduled to vote on at the ALI's upcoming annual meeting, could upend the established law of contracts, and encourage specious class actions and nullification of arbitration agreements, says Sherman Joyce at the American Tort Reform Association.

  • The Fastest Federal Trial Courts: A Look At Virginia, Florida

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    The Eastern District of Virginia rocket docket and the Northern District of Florida were last year’s fastest civil trial courts in the nation, and interviews with two of their judges reveal they have some of the same practices to keep litigation moving efficiently, says Robert Tata at Hunton.

  • Tips For Evaluating Machine Learning For Contracts Review

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    Law firms considering machine learning and natural language processing to aid in contract reviews should keep several best practices in mind when procuring and deploying this nascent technology, starting with identifying their organization's needs and key requirements, says Ned Gannon at eBrevia.

  • How To Efficiently Deploy Your Professional Growth Strategy

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    Lana Manganiello at Equinox Strategy Partners discusses how time-strapped legal professionals can efficiently implement a professional growth framework by focusing on only the most effective actions to build the reputation and relationships key to their ideal practice.

  • A 6-Step Framework For Legal Industry Professional Growth

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    Lana Manganiello at Equinox Strategy Partners discusses how implementing a professional growth framework will help legal professionals gain expertise in a relevant niche to build credibility, focus marketing efforts and build an ideal practice.

  • Why Contempt May Be Apt Punishment For High Court Leaker

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    Contempt of court is an overlooked but potentially effective tool to punish whoever leaked the draft opinion overruling Roe v. Wade and protect the integrity of the U.S. Supreme Court, says Michael Zuckerman at Zuckerman Dispute Resolution.

  • Illinois Remote Notary Law May Guide Other States

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    Illinois' new electronic and remote notary law appears to be among the most flexible of similar laws across the country, and will likely be influential as other states craft their own permanent legislation, say attorneys at Manatt.

  • What Endless Tolling Of Claims Means For NY Litigation

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    A New York state court's decision in Freedom Trust v. HSBC Bank theoretically allows New York litigants to toll their claims forever, to the benefit of both plaintiffs and defendants, who will have more time to either build their case or aim for resolution outside the courts, say attorneys at McKool Smith.

  • Opinion

    Clients' Diversity Mandates For Law Firms Are Necessary

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    Coca-Cola recently scrapped its proposed diversity staffing requirements for outside counsel, and other companies may be reassessing their mandates due to external pressures, but it is important to remember the myriad factors supporting these policies and why they are more important now than ever before, says David Hopkins at Benesch Friedlander.

  • EV Chargers In Retail Lots Face Zoning, Contract Hurdles

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    Electric vehicle charging stations are increasingly being installed in retail parking lots and garages, benefitting both drivers and retailers — but municipalities, businesses and property owners may face challenges tackling zoning amendments and structuring leases and licensing agreements for charging infrastructure, say Elizabeth Bennett and Mary Therese O'Sullivan at Fox Rothschild.

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