More Real Estate Coverage
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June 06, 2024
Colorado Extends Contaminated Land Cleanup Tax Credit
Colorado will extend its environmental remediation of contaminated land income tax credit for five years under a bill signed by Democratic Gov. Jared Polis.
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June 06, 2024
Dentons Hires Real Estate Atty From Grossberg Yochelson
Dentons has hired a real estate attorney from Grossberg Yochelson Fox & Beyda LLP who spent the past five years at that firm working on transactional issues related to property and other commercial matters, Dentons announced Wednesday.
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June 05, 2024
Property Plays: WP Carey, Tribeca, Tower Capital
W.P. Carey inked $258 million worth of investments, largely in industrials; a total of $21.5 million was loaned for the acquisition and conversion of an eight-story Tribeca building; Tower Capital lined up $47.4 million for a build-to-rent community in Texas.
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June 05, 2024
Wash. Tribe Beats Farm's Challenge Of Land Suit's Dismissal
A Washington state appeals court has sided with a Native American tribe in a nontribal land dispute with a farm in Snohomish County, declining to revive the lawsuit based on sovereign immunity.
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June 05, 2024
Sierra Club Touts Offshore Wind Cost Savings In New England
The Sierra Club is heralding offshore wind investment as critical to achieving New England's climate goals, slashing energy costs and protecting residents from volatile natural gas prices, citing a new report it commissioned that Synapse Energy Economics Inc. authored.
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June 05, 2024
Lewis Brisbois Employment Attys Join Kaufman Dolowich
Kaufman Dolowich has hired a pair of Lewis Brisbois Bisgaard & Smith LLP employment attorneys as partners in Los Angeles.
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June 04, 2024
Bill Would Give Tribes Stronger Say In Forest Protection
U.S. Sen. Lisa Murkowski has introduced legislation that would correct oversights and expand the language of the Tribal Forest Protection Act, arguing that the law has proved too restrictive for Indigenous communities and prevented Alaskan Native corporations from participating in its programs entirely.
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June 04, 2024
Biden Admin Looks To Take Down Ariz. Monument Lawsuits
The Biden administration is asking a federal district court to dismiss lawsuits by the Arizona Legislature and a rancher that look to undo the national monument designation of an Indigenous site in the Grand Canyon region, arguing the lawmakers lack standing to challenge the Antiquities Act as unconstitutional.
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June 03, 2024
PacifiCorp To Pay $178M To 400 Oregonians Over Fires
PacifiCorp has agreed to pay $178 million to more than 400 Oregon residents affected by a cluster of wildfires that burned more than a million acres of land on Labor Day 2020 amid dangerously dry and windy weather conditions, the utility announced Monday.
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June 03, 2024
RI Panel OKs Providence Unrestricted Property Tax Rates
Rhode Island would allow the city of Providence to adopt a classification system that allows for unrestricted tax rates for the city's property classes under a bill moved to the Senate floor for consideration.
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June 03, 2024
Bid To Disqualify Firm In Hawaii Warehouse Suit Denied
A Hawaii federal magistrate judge has denied a bid to disqualify McCorriston Miller Mukai MacKinnon LLP from representing Schulte Building Systems in litigation accusing the manufacturer of producing shoddy steel components for certain agricultural warehouses in Oahu.
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June 01, 2024
Blockbuster Summer: 10 Big Issues Justices Still Must Decide
As the calendar flips over to June, the U.S. Supreme Court still has heaps of cases to decide on issues ranging from trademark registration rules to judicial deference and presidential immunity. Here, Law360 looks at 10 of the most important topics the court has yet to decide.
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May 31, 2024
Utah Sues To Throttle Federal Glenn Canyon ATV Limits
The state of Utah is arguing that federal officials can't enforce a 2021 ban on ATVs and other off-road vehicles in sections of the Glenn Canyon National Recreational Area, in a federal lawsuit claiming immunity from rules that grew out of a 2005 lawsuit brought by environmental groups.
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May 30, 2024
Real Estate Investor Beats Niece's Suit Over Fall At LA Home
Real estate investor and philanthropist Stanley Black can't be held liable for injuries suffered by his niece when she tripped and fell on the driveway of his Sunset Boulevard mansion, a California state appeals court has ruled, saying there's no evidence of defects on the driveway she walked on many times before.
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May 30, 2024
Venezuelan Oil Co. Looks To Slip Asset Seizure Suit
An Oklahoma-based oil drilling company insisted Thursday that the D.C. federal court has jurisdiction to decide claims that the company's Venezuelan subsidiary was illegally expropriated without compensation as Venezuela's state-owned oil company looks to slip the long-running suit.
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May 30, 2024
Sorority, Ex-Affiliate End Trademark Suit After Mediation
A sorority and a former affiliate have agreed to scrap a trademark dispute alleging the affiliate continued to use the sorority's name and symbols after their relationship had been severed.
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May 30, 2024
DLA Piper Adds K&L Gates Real Estate Trio In NY, DC
DLA Piper announced on Wednesday three new additions to its real estate team on the East Coast, touting the former K&L Gates LLP's attorneys' experience with deals both at nationally and internationally.
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May 30, 2024
Law Firm Real Estate Report
"Reduce" is the buzzword for May, as law firms Lathrop GPM LLP, Winstead PC, Sullivan & Worcester LLP and Gordon Rees Scully Mansukhani LLP shaved some square footage off their office footprints in Texas, New York and California, respectively.
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May 29, 2024
Tribe Says Mining Co. Can't Protect 500 Docs In Land Suit
A Native American tribe has asked a Minnesota federal court to ignore a mining company's objections to a magistrate judge's order compelling it to produce nearly 500 documents related to a land exchange dispute, arguing that it failed to establish attorney-client privilege claims.
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May 29, 2024
South Baltimore Citizens Call On EPA For Incinerator Relief
Baltimore has turned a blind eye to South Baltimore residents suffering from respiratory diseases and persistently urging the city to transition away from Maryland's largest trash incinerator to zero-waste infrastructure for dealing with refuse, two environmental groups and a residents group say in an administrative complaint Wednesday.
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May 29, 2024
7 Courthouse Facelifts Funded By The $1.2T Spending Bill
Seven federal courthouses across the U.S. and Puerto Rico are receiving funds for upgrades or construction as part of Congress' latest $1.2 trillion spending package, and security and seismic concerns are top of mind at many of the buildings selected.
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May 29, 2024
8th Circ. Backs Ark. Landowners' Jury Win In Flooding Suit
The Eighth Circuit has upheld a group of Arkansas landowners' nearly $350,000 jury win in their lawsuit accusing Lawrence County of building a bridge that caused flooding that damaged their crops.
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May 29, 2024
CNN Tells 11th Circ. Trump Defamation Claims Fall Flat
CNN called on the Eleventh Circuit to reject former President Donald Trump's attempt to revive his $475 million defamation suit against the network, arguing that its use of the phrase "big lie" to describe his claim that the 2020 presidential election was stolen "does not convey Trump is Hitler."
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May 28, 2024
Insurers, Charter School Assoc. Dismiss Ida Damage Row
A New Orleans-area charter school system and its insurers have agreed to dismiss their dispute over coverage for the system's Hurricane Ida damage claims, the parties told a Louisiana federal court Tuesday, saying "all claims and causes of action brought forth in the above captioned matter have been compromised."
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May 24, 2024
NY AG Sues Over Illegal Long Island Wetland Construction
New York prosecutors on Friday sued to force a contractor to pay nearly $600,000 and restore a Long Island wetland area the company has been using as a storage site after illegally clearing vegetation and building a parking lot more than a decade ago.
Expert Analysis
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Oil And Gas Contract Drafting Lessons From Texas Ruling
The recent Texas Supreme Court opinion in BlueStone Natural Resources II v. Randle makes it clear that when drafting oil and gas leases, parties should explicitly state contract terms — and avoid creating contradictory terms through amendments or addenda, say Kenneth Held and Brent Hanson at Skadden.
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The UK Needs Safe Harbors For Libor's Wind-Down
A synthetic Libor could come to the aid of tough legacy contracts when Libor ceases to exist later this year, but the U.K. should legislate safe harbors to mitigate transaction risk during the transition, say former Federal Reserve Bank of New York general counsel Thomas Baxter and former London Commercial Court Judge Sir William Blair.
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CBP's Jones Act Ruling Provides Certainty For Offshore Wind
U.S. Customs and Border Protection's recent ruling confirming that the Jones Act applies to wind energy projects on the outer continental shelf provides useful clarity for offshore wind energy developers, operators and other stakeholders planning future operations, say attorneys at Holman Fenwick.
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Surveying Global Tax Updates For Sovereign Wealth Investors
As the market transitions to a post-pandemic phase, sovereign wealth fund and other foreign institutional investors must evaluate how recent U.S., EU and U.K. tax changes may affect their private fund investments, say attorneys at Morgan Lewis.
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Offshore Wind Push Is Good News For NYC Building Owners
With a surge of federal and state support for offshore wind power in New York state, the projects now in development should greatly benefit New York City building owners seeking to comply with the city's Climate Mobilization Act, says Raymond Pomeroy at Stroock.
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Biden's Climate Agenda Means Oil, Gas Cos. Must Innovate
President Joe Biden's climate agenda, including changes to leasing of public lands, tax deductions and other policies, may impose significant hurdles on the oil and gas sector, but companies that take an innovative, multifaceted approach can rise to this challenge, say attorneys at Akin Gump.
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3 Key Environmental Takeaways From Biden's First 30 Days
President Joe Biden has heavily prioritized environmental policy during his first month in office, with three key themes emerging that will immediately change enforcement practices and affect regulated industries, say attorneys at Gibson Dunn.
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The State Of Asylum Law After Trump — And What's Next
Kevin Gregg at Kurzban Kurzban discusses the impact of asylum decisions issued during the Trump administration's final year, the uncertainty underlying President Joe Biden’s tranche of immigration-related executive orders and reasons for cautious optimism within the immigration community.
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What Energy Sector Should Expect From Biden's Tax Policies
The energy sector may find new investment opportunities or the need to adjust holdings, depending on whether company goals align with the Biden administration's potential rollback of Trump-era tax reforms, and push for clean energy, reduced carbon emissions and increased domestic manufacturing, says Gregory Matlock at Mayer Brown.
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Unresolved Issues In Calexico Inverse Condemnation Ruling
A California federal court's recent decision in Calexico Auto Dismantlers v. City of Calexico, dismissing a business's inverse condemnation suit as untimely, does not properly address questions surrounding eminent domain notice and the statute of limitations, say Debra Garfinkle and Brad Kuhn at Nossaman.
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As Superfund Turns 40, Courts Are Still Puzzling Over It
The Comprehensive Environmental Response, Compensation and Liability Act just turned 40, but a review of several Superfund cases from 2020 demonstrates that courts are still regularly confronted with novel questions and issues related to the law, says Peter Keays at Hangley Aronchick.
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How To Reliably Value Income-Producing Real Estate
Amid the pandemic-fueled surge in tax appeals and loan workouts, using the income approach to calculate the present worth of a property's future income provides the most reliable indication of value and does not rely on subjective adjustments, say Mark Dunec at FTI Consulting and Anthony DellaPelle at McKirdy Riskin.
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IRS Continuity Safe Harbor Will Aid Renewable Projects
Recent Internal Revenue Service guidance expanding the continuity safe harbor to protect tax credit eligibility for qualified offshore and federal land renewable energy projects will provide certainty for developers who often face significant construction and permitting delays, say attorneys at Mayer Brown.