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Real Estate

  • October 15, 2018

    Feds Back Tribe Against Wis. Village In Apple Festival Row

    The federal government has urged a judge to rule for the Oneida Nation in its suit over a Wisconsin village’s permitting requirements for an apple festival, saying the village lacked authority to regulate the tribe at the festival's site because it still lay within the tribe's reservation, which was established in the 1800s and never subsequently reduced in size.

  • October 15, 2018

    Pittsburgh's 'Welcome, Stranger' Tax Appeals Contested

    Pittsburgh Public Schools’ “welcome to the neighborhood” policy of appealing property tax assessments for recent residential home sales violated a recent Supreme Court of Pennsylvania ruling barring selective assessment appeals, the attorney for a proposed class action argued before a Commonwealth Court panel Monday.

  • October 15, 2018

    Real Estate Rumors: Midtown Capital, McSam, City National

    Midtown Capital Partners has reportedly bought a Florida retail center for $78.2 million, McSam Hotel Group is said to have landed $76 million in financing for a New York project, and City National Bank of Florida has more than doubled its footprint at a Miami tower.

  • October 15, 2018

    DPW Holdings Helps Nab $85M Loan For Tribeca Hotel

    California-based DPW Holdings Inc. on Monday said an unnamed group it invests in has scored an $85 million loan for the construction of a 96-room luxury hotel in New York City's Tribeca neighborhood.

  • October 15, 2018

    Investors Can't Undo $480K Costs In Archstone Buyout Row

    A Colorado federal judge declined Monday to reconsider almost $480,000 in costs awarded to defendants involved in a $22 billion leveraged buyout of the Archstone-Smith real estate investment trust, saying the investors who challenged the buyout should have raised certain arguments against the costs earlier.

  • October 15, 2018

    InfraRed Closes 4th European Real Estate Fund At $687M

    Infrastructure and real estate-focused investment manager InfraRed Capital Partners closed its fourth European real estate fund after nabbing £522 million ($687 million) in equity commitments, the firm's global placement agent Atlantic-Pacific Capital said on Monday.

  • October 15, 2018

    NYC Real Estate Week In Review

    Kelley Drye & Warren LLP, Gibson Dunn & Crutcher LLP and Fried Frank Harris Shriver & Jacobson LLP were among more than half a dozen law firms that helped out with the largest New York City deals for which deeds were filed last week, a group of transactions that spanned four boroughs.

  • October 15, 2018

    Sherwin-Williams, ConAgra Denied Cert In Lead Cleanup Suits

    The U.S. Supreme Court on Monday denied appeals by Sherwin-Williams, ConAgra and NL Industries seeking to overturn public nuisance judgments that held the companies liable for millions in remediation stemming from lead paint usage from decades before.

  • October 15, 2018

    Oil & Gas Development Goes On Trial With Colo. Voters

    Energy issues will dominate the ballot box in Colorado this fall as voters weigh a proposal that the oil and gas industry warns could stymie new development in the state and an opposing initiative that public officials fear could handcuff state and local oversight of the sector. Tomorrow, Law360 will take a look at four other energy proposals on the ballots for Western-state voters.

  • October 15, 2018

    Sears Files Ch. 11 In NY With Sale, Store Closing Plans

    Hours away from a major default and facing pressure to liquidate, Sears Holdings Corp. took its long-struggling retail chain into bankruptcy court early Monday with more than $11 billion in debt and plans to sell assets.

  • October 12, 2018

    Will The Future Of The Supreme Court Bar Be Female?

    While women have made significant inroads into the elite world of U.S. Supreme Court advocacy, last term the number of women arguing at the court hit a decade low. Was it an off year? Or a sign of progress stalled? (This article is the first in a series examining the gender gap among high court advocates.)

  • October 12, 2018

    Supreme Court Women: A Vet & 1st-Timer Talk Gender Disparity

    In exclusive on-camera interviews with Law360, the most prolific female U.S. Supreme Court advocate of the past decade and a first-timer reflect on the status of women in a field still dominated by men. (This article is part of a series examining the gender gap among high court advocates.)

  • October 12, 2018

    Ex-NY Senate Boss Asks For Light Sentence After Conviction

    Former New York State Senate Majority Leader Dean Skelos asked a New York federal judge on Friday to give him a sentence of less than two years in light of his life of public service, the needs of his two autistic grandchildren, and the consequences he’s already suffered as a result of his two convictions.

  • October 12, 2018

    Feds Assert Ownership Of Island In Key West Harbor

    A new chapter has opened in a long-running dispute over ownership of the uninhabited Wisteria Island in Key West's harbor, as the federal government filed suit Thursday seeking a ruling that it is the valid owner and not a private company owned by a real estate developer.

  • October 12, 2018

    7th Circ. Ends Ill. Property Owners' Tax Bout With County

    The Seventh Circuit has affirmed a lower court’s dismissal of a class action by property owners against a county in Illinois for disproportionately increasing taxes on industrial and commercial properties by about $12.2 million, finding a legal doctrine barred the suit.

  • October 12, 2018

    Alaska Hunter Says Feds Can't Justify Hovercraft Ban

    An Alaska moose hunter pressed the U.S. Supreme Court to overturn a Ninth Circuit decision backing the National Park Service’s right to apply its hovercraft ban on an Alaska river, saying the Alaska National Interest Lands Conservation Act was intended to block the agency’s authority over waters in the state it doesn’t own.

  • October 12, 2018

    Woodbridge Property Investors Take Issue With Ch. 11 Plan

    A group of real estate investors objected Thursday to The Woodbridge Group of Companies’ Ch.11 liquidation plan in Delaware, claiming creditors are not treated equally and that the plan improperly seeks to eliminate certain secured creditors' claims.

  • October 12, 2018

    Percoco Seeks To Remain Bailed During 2nd Circ. Appeal

    Joseph Percoco, the former top aide of New York Gov. Andrew Cuomo who was sentenced last month to six years in prison for bribery, has asked a Manhattan federal judge to let him stay out on bail while he appeals his conviction, arguing he will "likely" prevail.

  • October 12, 2018

    Pa. Jury Convicts 'Deal-Closer' In $54M Ponzi Scheme

    A Pennsylvania federal jury on Friday convicted a former insurance salesman for his role as the deal-closer in a $54 million Ponzi scheme that had naive investors pouring cash into bogus land and green energy investments.

  • October 12, 2018

    Real Estate Rumors: Vanbarton, Mill Creek, Cornell Realty

    Vanbarton Group has reportedly paid $148 million for an apartment complex in Hollywood, Mill Creek Residential is said to be buying a Miami church property and hopes to build apartments and retail at the site, and Cornell Realty Management has reportedly leased 40,500 square feet of interior space in Brooklyn.

Expert Analysis

  • Market Evidence Will Likely Be Key In Sears Bankruptcy

    J.B. Heaton

    The Sears bankruptcy was filed early Monday, but the company's insolvency has been in plain view in the form of financial market evidence for a very long time. This case presents a prime example of the role such evidence can play for companies, their insiders, and outside advisers and auditors, says J.B. Heaton of the University of Chicago Law School.

  • What Financial Cos. Can Expect If Democrats Win House

    Aaron Cutler

    It is widely expected that Democrats will take control of the House in the midterm elections, and a Democratic House Financial Services Committee will likely launch a broad range of investigations, particularly relating to consumer-facing issues, say attorneys with Hogan Lovells.

  • Opinion

    The ABA Was Dead Wrong About Model Rule 8.4(g)

    Bradley Abramson

    In the two years since the American Bar Association's controversial anti-discrimination and harassment rule, only one state has adopted it, while numerous state supreme courts, state attorneys general and legal groups have correctly rejected Model Rule 8.4(g) as a threat to lawyers' First Amendment rights, says Bradley Abramson, an attorney with Alliance Defending Freedom.

  • Opinion

    The Supreme Court Should Become Boring

    Alexander Klein

    In the aftermath of Justice Brett Kavanaugh's confirmation, the U.S. Supreme Court should decline review of the nation's most polarizing political questions unless and until the questions become time-sensitive, says Alexander Klein, head of the commercial litigation group at Barket Epstein Kearon Aldea & LoTurco LLP.

  • Keep In Mind The ABCs Of Commercial Leasing

    Timothy Smith

    With consumers’ increasing preference for online purchases having a ripple effect on leasing markets, it's more important than ever that both landlords and tenants understand the basics of leasing, says Timothy Smith of Nutter McClennon & Fish LLP.

  • Q&A

    Back To School: BC's Kent Greenfield Talks Corporate Law

    Kent Greenfield

    In this series featuring law school luminaries, Boston College Law School professor Kent Greenfield reflects on his corporate law theories, his legal battle with the Pentagon over free speech and gay rights, and important constitutional law issues to watch out for.

  • Kavanaugh Cannot Be Compelled To Recuse Himself

    Donald Scarinci

    Whether Justice Brett Kavanaugh’s prior statements may be grounds for disqualification when it comes to judging certain cases is debatable, but there are no specific recusal guidelines for the U.S. Supreme Court. The justices themselves don’t even agree on where to draw the line when it comes to perceived political bias, says Donald Scarinci, a founding partner of Scarinci Hollenbeck LLC.

  • Knowledge Management: An Unsung Hero Of Legal Innovation

    Rob MacAdam

    As technology evolves, law firms are increasingly looking for ways to improve communication, transparency and service for their clients. Firms should put knowledge management at the core of their value proposition to create a competitive advantage, says Rob MacAdam at HighQ.

  • High Court Unlikely To Solve ESA Issues In Frog Habitat Case

    Angela Levin

    After U.S. Supreme Court oral arguments last week in Weyerhaeuser Co. v. U.S. Fish and Wildlife Service — questioning whether the FWS can designate land currently unoccupied by the dusky gopher frog as critical habitat under the Endangered Species Act — it seems the decision is primed for a 4-4 split, say Angela Levin and Andrea Wortzel of Troutman Sanders LLP.

  • Opinion

    Trump Family Tax History: A Professional Evaluation

    Steve Moskowitz

    From his perspective as a tax defense attorney for the past 30 years, Steve Moskowitz of Moskowitz LLP weighs in on the allegations of past tax impropriety by the Trump family.