More Real Estate Coverage
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April 09, 2024
Ohio Justices Voice Displeasure With Woodland Deduction
Several Ohio Supreme Court justices sounded skeptical Tuesday of the state tax commissioner's valuation of a deduction for clearing woodlands that factors into assessments of agricultural properties, saying the figure appeared to be arbitrarily low.
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April 08, 2024
Citibank Can't Dodge Liability After Escrow Theft
A Washington state appeals court said Monday that Citibank and a predecessor lender can't avoid liability after an escrow agent allegedly embezzled nearly $1 million from a real estate company's refinancing deals, in an opinion that said the trial court failed to correctly apply controlling case law still "good" after 70 years.
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April 08, 2024
Idaho Land Deal Would Sustain Legacy Of Pollution, Tribes Say
A group of Idaho tribes is urging the Ninth Circuit to uphold a lower court ruling granting a partial win in their challenge to a land transfer for a fertilizer plant's expansion, arguing that if allowed to go forward, it would continue a decadeslong legacy of contamination for their communities.
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April 08, 2024
Mich. Regulators' Fraud Fears Are 'Nonsense,' Developer Says
A real estate developer has told Michigan's high court that the state is raising unfounded concerns that Michigan will become a haven for fraudsters if the top court does not adopt a federal judicially created test to determine when an investment is a security, telling the justices Michigan's own securities law is controlling.
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April 08, 2024
Tribes Say Army Corps Mistakes Their Claims In 5th Circ. Row
Two Native American tribes and a conservation group have told the Fifth Circuit that the U.S. Army Corps of Engineers and an Enbridge Inc. unit have intentionally mischaracterized their claims in litigation seeking to challenge the agency's permit authorization for a major oil terminal on Texas' Gulf Coast.
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April 08, 2024
Oak Flat Mining Decision Treads On Human Rights, UN Told
The San Carlos Apache Tribe is urging a United Nations committee to ask the United States to withhold any permissions that would allow Resolution Copper Co. to proceed with any activity on a plot of land known as Oak Flat, arguing that a Ninth Circuit ruling allowing the land transfer merits urgent intervention to prevent further human rights violations on the sacred site.
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April 05, 2024
NJ Recycler's Fire Damage Suit To Remain In NJ, Judge Rules
A New Jersey federal judge declined to move a paper recycler's fire coverage dispute to New York, but did agree to toss one of its claims against its insurer, finding the recycler's declaratory judgment and breach of contract claims were duplicative.
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April 05, 2024
5th Circ. Won't Touch Texas Oil Export Terminal License
The Fifth Circuit has rejected environmentalists' attempt to undo federal approval for a deepwater oil export terminal off Texas' Gulf Coast, finding the U.S. Coast Guard adequately considered the environmental consequences of the facility in its environmental assessment.
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April 04, 2024
PE Firm Announces $1.25B JV To Buy, Develop Marinas
Private equity firm Centerbridge Partners LP and marina owner Suntex Marina Investors LLC have formed a joint venture that aims to acquire and develop new marinas in the U.S. that are worth more than $1.25 billion, according to a joint announcement.
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April 03, 2024
Nationstar Adds 'Junk Fee' For Loan Payoff Quote, Suit Says
A proposed class hit Nationstar Mortgage LLC with a suit alleging the mortgage servicing firm illegally charges homeowners a "junk fee" for written payoff quotes in violation of the Fair Debt Collection Practices Act.
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April 03, 2024
Mortgage Co. Targeted In News Report Hit With RICO Suit
United Wholesale Mortgage LLC, its parent company and its CEO were hit with a proposed class action Tuesday in Michigan federal court accusing them of scheming with mortgage brokers to steer borrowers into more expensive loans the same day that Hunterbrook Media, a new journalism and hedge fund outfit, published its first investigative piece focused on the company.
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April 03, 2024
Maine Nuclear Waste Sites Not Eligible For Tax Exemption
Maine won't allow facilities that store spent nuclear fuel to qualify as air pollution control facilities for property tax exemption purposes under clarifying legislation signed by the governor.
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April 03, 2024
Skanska Inks $1.4B Contract To Replace Seattle Bridge
Skanska and Washington's Department of Transportation closed a $1.4 billion bridge replacement contract that aims to update Seattle's Portage Bay Bridge so that it's up to "current seismic resiliency standards," the construction and development company announced.
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April 01, 2024
Investors Group Says New EB-5 Guidance Violates APA
A trade association of EB-5 visa regional centers brought U.S. Citizenship and Immigration Services into D.C. federal court, accusing the agency of abruptly changing the minimum investment period for foreigner investors seeking green cards without soliciting public comments.
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April 01, 2024
SmartRent Workers Get Class Cert. In Unpaid OT Row
A Georgia federal judge has granted conditional class certification to a group of former and current employees of a smart home technology firm, who allege the company failed to compensate them correctly for overtime hours they worked.
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April 01, 2024
Trump Urges 11th Circ. To Revive $475M CNN Defamation Suit
Donald Trump has asked the Eleventh Circuit to revive a $475 million defamation lawsuit the former president filed against CNN, alleging the network spent years "wrongfully Hitlerizing" him by calling his challenges to the 2020 election results his "Big Lie."
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April 01, 2024
High Court Won't Hear Mass. Residents' Tribal Land Dispute
The U.S. Supreme Court on Monday denied a petition by a group of Massachusetts residents seeking to reverse a ruling that allowed the Department of the Interior to take 321 acres into trust for the development of a billion-dollar tribal hotel and casino.
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March 29, 2024
Atty Called A Flight Risk In $1.3 Billion Tax Fraud Case
An attorney serving a 23-year prison sentence for tax fraud in a $1.3 billion conservation easement scheme is a flight risk and should remain in federal custody while he waits for his appeal, the government told a Georgia federal court Friday.
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March 28, 2024
8th Circ. Won't Revive Fannie, Freddie Investors' FHFA Suit
The Eighth Circuit on Thursday refused to revive Fannie Mae and Freddie Mac investors' suit alleging the Federal Housing Finance Agency's leadership and financial deals violated the U.S. Constitution, saying the investors failed to show how they were harmed by the now-upended restrictions on removing the agency's director.
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March 28, 2024
Va. Landowners Return To Supreme Court In FERC Challenge
Virginia residents with property being condemned for the Mountain Valley Pipeline are asking the U.S. Supreme Court to review a D.C. Circuit decision dismissing their suit challenging the constitutionality of the Federal Energy Regulatory Commission's eminent domain authority, and its ability to delegate that authority to private companies.
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March 27, 2024
Navajo Sue Feds Over Withheld Forestry Program Funds
The Navajo Nation claims the U.S. Department of the Interior unlawfully withheld more than a million dollars in funding for its contracted forestry management program, telling a D.C. federal judge the department should be forced to provide the money and accept the funding agreements proposed by the nation.
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March 27, 2024
Pittsburgh Aims To Ax $14M Of Nonprofits' Tax Waivers
Officials with the city of Pittsburgh announced Wednesday that they will file challenges to tax exemptions for more than 100 properties within the city, claiming that they are no longer owned by nonprofits or serving a charitable function and should put up to $14 million back on local tax rolls.
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March 27, 2024
Smith Gambrell Sued For Keeping $4.6M In Real Estate Row
Several business entities involved in the failed purchase of a Brooklyn development property contend that Smith Gambrell & Russell LLP is unlawfully refusing to release more than $4.6 million that the firm is holding in escrow, according to a complaint filed in New York state court.
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March 26, 2024
Ex-LA Deputy Mayor's Fate In Bribery Trial Goes To Calif. Jury
Former Los Angeles Deputy Mayor Raymond Chan connected corrupt public officials to wealthy developers for years as part of the "CD-14 Enterprise" racketeering conspiracy, a federal prosecutor told California federal jurors in closing arguments Tuesday, saying their shared goal was ensuring they "get money, keep power and avoid the Feds."
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March 26, 2024
Feds Move To Seize Ex-Mongolia PM's NY Apts. Tied To Graft
Brooklyn federal prosecutors say a former prime minister of Mongolia used the proceeds of a corruption scheme to purchase two luxury Manhattan apartments for a combined $14 million, according to a suit seeking to seize the properties.
Expert Analysis
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New Pa. DEP Fill Material Policy Increases Project Complexity
The Pennsylvania Department of Environmental Protection's new fill management policy affects, among others, real estate developers, land owners, railroads and public utilities, and will increase the time and effort necessary to determine whether fill material qualifies as clean fill, says Michael Meloy of Manko Gold.
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Pipeline Projects Face New Questions On Landowner Rights
The tension between the rights of landowners and pipeline developers has come to a head in two federal appellate courts and a Federal Energy Regulatory Commission announcement, muddling the historical clarity of Natural Gas Act eminent domain authority, say attorneys at K&L Gates.
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2 Del. Decisions Call Out Conflicted Controlling Stockholders
In Tornetta v. Musk and the BGC Partners Derivative Litigation, the Delaware Chancery Court has reaffirmed that concerns over controlling stockholders may be valid even when the controller didn't intend to exercise coercive influence, independent directors negotiated a transaction, or stockholders approved the transaction, say attorneys at Fried Frank.
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Midstream Agreements Can Still 'Run With The Land'
Colorado's federal bankruptcy court recently held that a gas gathering and processing agreement and a salt water disposal agreement were "covenants running with the land," and were not extinguished through a bankruptcy sale. The ruling is welcome news for upstream and midstream companies in the oil and gas space, say attorneys at Davis Graham.
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How New York Crafted Its Own Green New Deal: Part 3
There may be reason to doubt the feasibility of some of the ambitious goals that New York's Climate Leadership and Community Protection Act sets for emissions reductions and renewable energy production, and the state's ability to completely transform its electricity and transportation sectors, say attorneys with Vinson & Elkins.
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How New York Crafted Its Own Green New Deal: Part 2
New York state's recently enacted Climate Leadership and Community Protection Act lays out ambitious energy production and emissions goals and an aggressive timeline for achieving them — but does not mandate any particular strategies for doing so, say attorneys with Vinson & Elkins.
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How New York Crafted Its Own Green New Deal: Part 1
New York state's recently enacted Climate Leadership and Community Protection Act is aggressive, extraordinary and far-reaching in its aims, but its ultimate effects on the energy, transportation and real estate industries are in many ways still uncertain, say attorneys at Vinson & Elkins.
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Utilities Need Timely Project Review For Reliable Service
National Parks Conservation Association v. Semonite, in which a Virginia utility faces possibly having to dismantle a previously approved transmission line due to drawn-out litigation, points to the need for time limits on court review of infrastructure projects, say Alan Seltzer and John Povilaitis of Buchanan Ingersoll.
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Legal Options For Pipeline Companies Stymied By Tree-Sitters
While a Virginia federal judge recently rejected efforts by Mountain Valley Pipeline to join two unnamed tree-sitters as defendants in a Natural Gas Act eminent domain action, the court's opinion points toward other remedies available to pipeline companies facing tree-sitter obstruction, says Arthur Schmalz of Hunton.
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2nd Circ.'s Seminal Rejection Of FCPA Conviction Challenge
With United States v. Seng, the Second Circuit became the first federal appellate court to reject a challenge — per the Supreme Court's decision in McDonnell v. United States — to a Foreign Corrupt Practices Act conviction, sending an important message to companies attempting to comply with the expansive anti-bribery provisions of the FCPA, say attorneys at Nixon Peabody.
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Superfund Redevelopment At 20: Continuing Challenges
Even as the U.S. Environmental Protection Agency's Superfund Redevelopment Initiative celebrates its 20th anniversary, two key barriers to success remain, and are unlikely to change — the program’s chronic underfunding and the statute’s unforgiving liability scheme, says Linda Larson of Nossaman.
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The Eminent Domain Consequences Of Knick Ruling
The U.S. Supreme Court's ruling in Knick v. Township of Scott is unlikely to cause a flood of federal takings lawsuits in Georgia and the Carolinas, but it may bring other eminent domain considerations for state and local governments, say attorneys at Parker Poe.
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Climate Change And Insurance: Insurers' Subrogation Claims
Once the litigation floodgates open for property damage lawsuits against greenhouse gas polluters, a second wave of subrogation claims brought by first-party property insurers is likely to follow, say José Umbert and Jason Reeves of Zelle.