Real Estate

  • July 20, 2017

    Developers Seek Escape From Leaning Millennium Tower Suit

    The Millennium Tower’s individual and corporate developers and managers asked a San Francisco judge Thursday to end claims against them brought by residents who bought units in the building that is now sinking, saying the residents couldn’t prove marketing materials had defrauded or misled them about the building’s tilting woes.

  • July 20, 2017

    Sterling's Ex-Mistress Can’t Reclaim $2.6M In Gifts

    Donald Sterling’s ex-mistress will have to return over $2.6 million in gifts the former NBA team owner gave her, a California appeals court ruled Thursday, upholding a lower court's decision that the gifts were given without the required permission of the former Clippers owner's wife.

  • July 20, 2017

    Judge Kills Securities Suit Over Kohl's Accounting Errors

    A Wisconsin federal judge shot down a long-pending suit that accused Kohl's Corp. of securities fraud on Thursday, saying the real estate accounting flubs that led the company to restate its financials were so arcane that they couldn't be summarily chalked up to corporate misconduct.

  • July 20, 2017

    Ocwen Reaches $56M Settlement In Investors' Class Action

    Mortgage servicer Ocwen Financial Corp. announced in a filing with the U.S. Securities and Exchange Commission on Thursday that it has reached a $56 million settlement with a proposed class of investors to resolve claims it issued false and misleading statements about its federal rules compliance.

  • July 20, 2017

    City Lied To Get Land For Rival Arena, Concert Venue Says

    The city of Inglewood, California, tricked the owners of the historic concert venue The Forum into handing over a plot of land that the city then devoted to a competing arena meant to host the Los Angeles Clippers, the venue alleged in a claim for damages filed against the city Monday.

  • July 20, 2017

    RFR Lands $105M Refinancing For NYC Office Building

    New York-based real estate investment, development and management company RFR Holdings Inc. has landed a $104.5 million refinancing package for an office building on Fifth Avenue in Manhattan, according to property records made available Thursday.

  • July 20, 2017

    Anti-Lawsuit Act Usurps Court Authority, Profs Tell Justices

    A group of law professors on Wednesday urged the U.S. Supreme Court to overturn a D.C. Circuit decision backing a law that blocked a Michigan man’s challenge to a tribal casino project, saying the ruling lets Congress invade federal courts' authority to resolve lawsuits.

  • July 20, 2017

    HFF Closes $127M Luxury Colo. Apartment Community Deal

    Holliday Fenoglio Fowler LP on Wednesday announced that it closed the sale of a $127.4 million luxury Denver-area apartment community to a group of institutional investors led by JPMorgan Asset Management.

  • July 20, 2017

    Real Estate Rumors: Beacon Capital, SL Green, AB Capstone

    Beacon Capital Partners reportedly has a deal to pay $165 million for a Chicago office tower, real estate investment trust SL Green is said to have leased 46,492 square feet in New York to an entity tied to Tavistock Group, and Queens developer AB Capstone is reported to have leased 20,000 square feet each to Michaels Cos. and Blink Fitness in Brooklyn.

  • July 19, 2017

    Judge Splits Albany Corruption Case, Trials Set For 2018

    A sprawling corruption case involving two former aides to New York Gov. Andrew Cuomo and hundreds of millions of dollars of rigged contracts was split in two by a federal judge in Manhattan on Tuesday, with trials set to begin in January and May.

  • July 19, 2017

    Ill. Village Can't Dodge Feds' Racial Bias Housing Suit

    The south suburban Chicago village of Tinley Park cannot escape a U.S. Department of Justice lawsuit over the town’s alleged racial bias in halting a low-income housing development, an Illinois federal judge has ruled.

  • July 19, 2017

    Deals Rumor Mill: Dalian Wanda, Univision, Global Blue

    Dalian Wanda reworked its plans to sell a series of hotels and theme parks, Univision is drawing interest from potential suitors, and private-equity-backed Global Blue is preparing to hit the sales block.

  • July 19, 2017

    Atty Gets Prison For Obstructing NJ Time-Share Co. Probe

    The former general counsel of a bogus time-share consultancy in New Jersey was sentenced to a year and a day in federal prison on Wednesday for attempting to influence witnesses and for lying to investigators pursuing a criminal case against his onetime employers.

  • July 19, 2017

    Housing Group Can Recover $1.5M Hail Loss, Iowa Court Says

    An Iowa appeals court on Wednesday reversed a lower court decision and found an insurance appraisal panel’s award of $1.5 million to a housing association for hail damage was binding.

  • July 19, 2017

    House Votes To Give FERC More Sway In Pipeline Approvals

    House Republicans passed a measure Wednesday aimed at paring down interagency spats over new pipeline approvals, largely putting decisions in the hands of the Federal Energy Regulatory Commission.

  • July 19, 2017

    Brit Charged In $37M Bitcoin, Office Co. Scam Skips Court

    A British man on the lam from the FBI and the U.S. Securities and Exchange Commission who stands accused of raising $37 million from investors in fraudulent schemes involving a bitcoin trading company and a co-working startup on Wednesday skipped a hearing on the New York federal civil case, surprising no one.

  • July 19, 2017

    Chicago Sued For Denying T-Mobile Telecom Tower

    A wireless infrastructure contractor hit the city of Chicago with a suit in Illinois federal court Wednesday over the zoning board’s refusal to grant it a permit to build a 120-foot wireless tower for T-Mobile.

  • July 19, 2017

    10th Circ. Backs Nixing Of NM Tribal Road Dispute

    The Tenth Circuit on Wednesday upheld the dismissal of a suit by New Mexico landowners over a Bureau of Indian Affairs letter that supported the San Ildefonso Pueblo’s right to deny them the use of roads leading to their property, saying the group didn't raise a dispute that the court could settle.

  • July 19, 2017

    Transat Nabs $151M In Sale Of Ocean Hotels Stake

    Tourism company Transat A.T. Inc. is selling its minority interest in the Ocean Hotels brand to Spanish hotel company H10 Hotels for $150.5 million, according to an announcement from Quebec-based Transat on Wednesday.

  • July 19, 2017

    BoA Unit Lends $66M For Mixed-Use Project In Houston

    Texas developer Midway has scored $66 million in construction financing from a Bank of America division for phase one of a grocery-anchored retail and residential project in Houston, according to an announcement Wednesday from Holliday Fenoglio Fowler LP, which brokered the deal for Midway and property owner BKR Memorial II LP.

Expert Analysis

  • Looking Ahead For The National Flood Insurance Program

    Michelle Rudd

    The Federal Emergency Management Agency's National Flood Insurance Program will expire if not reauthorized before Sept. 30, 2017, which would have immediate and long-term repercussions for property owners. There is a need to reauthorize the NFIP and improve it in order to align values of a national safety net and self-reliance on both a personal and local community level, says Michelle Rudd of Stoel Rives LLP.

  • Maryland Court Applies Special Standard For Lead Exposure

    F. Ford Loker

    The Maryland Court of Appeals continues to apply its “reasonable probability” standard in proving source exposure and source causation in lead-based negligence cases. But it is unclear what the statutory or policy basis is for carving out a distinct causation standard for lead paint plaintiffs as opposed to other tort plaintiffs, say F. Ford Loker and Katherine Lawler of Miles & Stockbridge PC.

  • Weekly Column

    Innovating For Wise Juries: Matching Experts

    Stephen Susman

    In the penultimate installment of this series, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project answer a question on many legal analysts’ minds: What if both sides’ expert witnesses sat in a hot tub discussing the case while a jury watched?

  • Rebuttal

    The Rise Of Midsize Firms

    Ronald Shechtman

    Recently, this publication featured an op-ed in which one law firm partner contended that midsize firms will be the next casualty of the legal market, due to a supposed inability to compete with BigLaw or boutique firms for business. Though we can expect to see Am Law firms continue to lead the market in megadeals and life-or-death litigations, by all indications midsize is on the rise, says Ronald Shechtman of Pryor Cashman LLP.

  • SEC’s Emerging Enforcement Priorities In The Bond Markets

    Michael Osnato Jr.

    Beginning with the 2013 charges against Jesse Litvak for misrepresentations to counterparties in the market for residential mortgage-backed securities, the U.S. Securities and Exchange Commission has aggressively pursued similar cases against bond traders. Michael Osnato Jr. and Meaghan Kelly of Simpson Thacher & Bartlett LLP survey the impact of the Litvak line of cases and offer insights into where the SEC will next deploy its an... (continued)

  • Texas High Court Ruling Sows Confusion On Mineral Deeds

    Thomas Ciarlone Jr.

    In June, the Texas Supreme Court disturbed long-standing rules for interpreting mineral deeds and conveyances in its decision in Wenske v. Ealy. This ruling has the potential to open the floodgates to a large volume of new litigation challenging the allocations of royalty burdens among mineral lessors, says Thomas Ciarlone Jr. of Kane Russell Coleman Logan PC.

  • 5 Questions To Ask Yourself Before Submitting Litigation AFA

    Gregory Lantier

    Outside counsel should be able to articulate why she is proposing an alternative fee arrangement for this matter. If the client has not requested an AFA or the case is unusually difficult to budget with accuracy, this might not be the case to propose an AFA, say attorneys with WilmerHale.

  • How Mobile Apps Can Benefit Your Practice

    Sean Cleary.jpg

    Despite the boom in mobile application development, many lawyers are still reluctant when it comes to using apps in their daily work. Attorney Sean Cleary explores the benefits and shares some recommendations for apps geared toward attorneys.

  • Get Ready For The UK's New Unexplained Wealth Order

    Gerrard, Neil.jpg

    The U.K. Criminal Finances Act 2017 allows for court orders requiring individuals and companies to explain the origin of assets in the U.K. and beyond that appear disproportionate to their known incomes. But the controversial nature of the new orders means that legal challenges are likely, say attorneys from Dechert LLP.

  • Rebuttal

    The Future Of Litigation Finance Is Analytics

    Eva Shang

    In a recent Law360 guest article, Christopher Bogart of Burford Capital LLC claimed that "while theoretically well designed to find the proverbial needle in a haystack, big data and AI currently lack the ability to do so usefully in a commercial litigation financing context." But AI can manage many of the tasks that litigation financiers would otherwise perform, says Eva Shang, co-founder of Legalist Inc.