More Real Estate Coverage
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September 10, 2024
Blackstone's Link Logistics Adds New GC From Realty Income
Logistics real estate company Link Logistics, a Blackstone affiliate overseeing a portfolio of more than 526 million square feet, has added a former Realty Income Corp. attorney as its new general counsel.
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September 10, 2024
Ariz. Gov. Can Join Monument Suit, Tribes and Enviros Sit Out
The state of Arizona can intervene in a fight over the Biden administration's creation of a national monument on an Indigenous site, but groups of tribes and conservation organizations aren't allowed in the suit, at least for now, a federal judge ruled Monday.
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September 10, 2024
Brookfield Pledges Over $1B To Ultra-Low Carbon E-Fuels Co.
Brookfield will pump up to $1.05 billion into Infinium and its electrofuels platform, in what the asset management giant said Tuesday is its first direct sustainable aviation fuels investment.
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September 09, 2024
Investment Firm Can't Fell Timber Co.'s Carbon Offset Suit
The North Carolina Business Court has trimmed a timber company's lawsuit accusing a forestland investment firm of overstating land's carbon offset value in a sale, but let most of the claims escape being felled, reasoning that the timber company's complaint alleged plausible accusations of contract violations.
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September 09, 2024
DLA Piper's Boston Leader To Co-Lead US Real Estate Team
A longtime DLA Piper attorney focused on real estate investment and development is stepping up to co-lead the firm's U.S. real estate practice, according to an announcement Monday.
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September 09, 2024
Ore. Tax Court Nixes Parcel Owners' Bid To Raise Valuation
The Oregon Tax Court rejected an attempt by owners of a property to increase its tax valuation, saying the owners failed to show they were aggrieved by the valuation and did not first appeal to the local assessment board.
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September 06, 2024
DC Circ. Could Revive Energy Co.'s $1.1B Angola Suit
The D.C. Circuit appeared open on Friday to reviving an energy company's lawsuit against Angola over $1.1 billion worth of nixed power plant contracts, as a three-judge panel considered during a hearing whether Aenergy SA could collect any potential damages in Angola.
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September 06, 2024
Cleveland-Cliffs Faces Trial Over Mining Co.'s Antitrust Claims
A Delaware bankruptcy court has partially allowed claims accusing steelmaking giant Cleveland-Cliffs of engaging in anticompetitive behavior that harmed a mining venture's efforts to complete an iron mine and ore plant in northern Minnesota to go to trial by a jury in federal court.
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September 05, 2024
NJ To Offer Brownfield Tax Credits For Solar Projects
New Jersey will bolster its tax credits for its brownfields redevelopment incentive program and grant tax credits to solar energy projects built on closed landfills as part of a bill signed by Gov. Phil Murphy.
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September 05, 2024
Winstead Opens Nashville Shop With 5-Attorney Team
Texas-based Winstead PC has opened up a new office in Nashville, Tennessee, with the addition of five attorneys, including three from Epstein Becker Green.
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September 04, 2024
Banks Close $315.7M Deal For Texas Energy Storage Systems
Deutsche Bank and First Citizens Bank headed up $315.7 million in financing for four Texas battery energy storage systems owned by a UBS Asset Management fund, the financial institutions announced Wednesday.
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September 04, 2024
Insurer Must Cover Woman's Fire Claim, Wash. Panel Says
An insurer must cover a woman's claim for damage to her former home after she was assaulted and set on fire by her ex-husband, a Washington state appeals court ruled, finding that a domestic abuse exception to the policy's intentional loss exclusion applies.
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September 04, 2024
Ohio Board Denies Tax Break For Road Leased To School
A service road that a school leased isn't exempt from property taxes because nearby business owners also used the road for noneducational purposes, the Ohio Board of Tax Appeals ruled Wednesday.
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September 03, 2024
5th Circ. Panel Pushes Plaintiff Groups In Oil Terminal Row
A Fifth Circuit panel seemed wary of a claim by several groups who argued they hadn't forfeited arguments relating to vessel traffic on Texas' Gulf Coast, saying during oral arguments last week that the group's brief didn't include anything about forfeiture.
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September 03, 2024
Insurance Intermediary Can't Revive Biz Interference Claims
Liberty Mutual and two of its adjusters had no obligation to work with an intermediary that helps contractors secure coverage, an Ohio appeals court ruled, rejecting the intermediary's claims that Liberty and the adjusters tortiously interfered with the intermediary's business relationships by refusing to communicate with it.
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September 03, 2024
Stearns Weaver Brings On Solo Land Use Ace In Tampa
Florida's Stearns Weaver Miller Weissler Alhadeff & Sitterson PA announced Tuesday that it added a new shareholder in Tampa to its land development, zoning and environmental group from her own firm, Amy Huber PA.
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August 30, 2024
Feds Propose Tribal Oversight Of Utah National Monument
Nearly 2 million acres of public lands within Utah's Grand Staircase-Escalante National Monument will be managed by a co-stewardship of tribal nations, with a focus on conservation and preservation, according to a proposed plan by the U.S. Bureau of Land Management.
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August 30, 2024
Partnership Asks 11th Circ. To Restore $9M Easement Break
A partnership asked the Eleventh Circuit to reinstate its nearly $9 million deduction for donating a conservation easement in Georgia, saying the U.S. Tax Court erroneously limited the deduction to its cost basis by claiming partners who contributed the property had held it as inventory.
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August 30, 2024
NJ's Connell Foley Gets New Real Estate Group Co-Chair
New Jersey firm Connell Foley LLP announced Friday that it has elevated a veteran real estate and land use partner to co-chair of the practice group, with an eye on growing the team and expanding its reach.
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August 28, 2024
Austin Light-Rail Plan Faces Fresh Suit Over Transit Tax Model
A purported class of Austin, Texas, residents moved to block the financing structure for a transit plan in their latest state court challenge to the city's Project Connect model approved in a 2020 voter referendum.
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August 28, 2024
DC Circ. Rejects Challenges To Nuke Waste Storage Site
A D.C. Circuit panel rejected a slew of challenges to federal regulators' approval of a temporary nuclear waste storage site in New Mexico, ruling that the U.S. Nuclear Regulatory Commission was right to include forward-looking terms about federally owned spent nuclear fuel in the license.
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August 28, 2024
Real Estate Atty Leaves Seyfarth For Womble Bond In Houston
A seasoned real estate attorney with more than 10 years of experience representing stakeholders in leasing and sale transactions has moved his practice this week to Womble Bond Dickinson's Houston office after more than six years with Seyfarth Shaw LLP.
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August 27, 2024
Clark Hill Adds Atty In NYC From Schoeman Updike
Clark Hill PLC said Tuesday that it is bringing a litigator to its New York City office as a member, one with a focus on financial services and business disputes as well as experience ranging from intellectual property to real estate issues.
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August 27, 2024
4 Firms Build Sixth Street's $250M Industrial REIT Investment
Sixth Street Partners plans to invest $250 million into Plymouth Industrial REIT through a joint venture and preferred equity deal packaged by four law firms, seeing more opportunities with the real estate investment trust on the horizon, according to an announcement Aug. 27.
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August 26, 2024
Green Cement Market May Reach $86B Globally By 2032
The market for environmentally friendly cement in 2032 is estimated to reach $86.2 billion in value, after it reached $36.1 billion in 2023, according to business research firm Allied Market Research.
Expert Analysis
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Claims Court Ruling Puts New Spin On Blue & Gold
The Court of Federal Claims' unique procedural posture in SLS Federal Services v. U.S., in which it followed a trend toward narrowing the ambit of the Blue & Gold waiver, may have significant new implications for agencies that undertake corrective action in lieu of defending against protests, say attorneys at Seyfarth.
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New AML Law May Be Key Tool To Enforce Russia Sanctions
A new anti-money laundering law for the first time authorizes monetary rewards for tips leading to government enforcement against certain sanctions violations, and though many questions remain, it gives the U.S. an additional tool in the ongoing global battle against Russian aggression, say Daren Firestone and Kimberly Wehle at Levy Firestone.
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How Gov't Enviro Justice Push May Affect Developers
Attorneys at Crowell & Moring contextualize the U.S. Environmental Protection Agency's recent guidance on environmental justice and permitting decisions, and the U.S. Department of Energy's requests for input on using grants to achieve EJ goals, highlighting practical implications for project developers and other industry participants.
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FinCEN Report Holds Key Russia-Linked Risk Considerations
A recent report from the Financial Crimes Enforcement Network reminds financial institutions to review guidance issued on reporting Russia-linked suspicious activity, emphasizing the need to review anti-money laundering and sanctions monitoring processes to remain adaptive to global developments, say Siana Danch and Peter Hardy at Ballard Spahr.
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How Proposed BOEM Regs Will Boost Offshore Wind Projects
Newly proposed offshore wind project regulations from the Bureau of Ocean Energy Management represent a substantial regulatory shift that will improve transparency around the timing of lease auctions, streamline approval and oversight for projects in development, and provide needed guidance for future projects, say attorneys at K&L Gates.
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Mapping The Transport Sector's Road To Zero Emissions
Transportation companies that hope to lead the multiagency U.S. National Blueprint for Transportation Decarbonization's recently announced transition to zero-emission vehicles and fuels should anticipate a host of commercial and legal issues, say Levi McAllister and Pamela Wu at Morgan Lewis.
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A Look At Lease Expansion Options In A Challenging Market
Expansion options can provide a powerful incentive for businesses to sign long-term leases even amid economic uncertainty, but both landlords and tenants must carefully consider the potential rights and terms, says Kris Ferranti at Shearman.
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5 Keys To A Productive Mediation
Excerpt from Practical Guidance
Cortney Young at ADR Partners discusses factors that can help to foster success in mediation, including scheduling, preparation, managing client expectations and more.
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New US Waters Definition May Rock The Boat
Federal agencies' latest attempt to define "waters of the United States" attempts to avoid previous rules' failings, though it will potentially increase administrative difficulties for regulated entities and also leaves ample ground for litigation, say Christopher Thomas and Andrea Driggs at Perkins Coie.
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Unpacking The Interim Guidance On New Stock Buyback Tax
The U.S. Department of the Treasury and Internal Revenue Service's recent notice on applying the newly effective excise tax on stock repurchases provides much-needed clarity on the tax's scope, which is much broader than anticipated given its underlying policy rationale, say attorneys at Eversheds Sutherland.
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Legal Standing For Nature: The Road Not Taken
Fifty years have passed since former U.S. Supreme Court Justice William O. Douglas asked whether natural objects like trees and rivers should have standing — and while the high court has since narrowed access to the courtroom for potential environmental plaintiffs, Douglas' vision is worth revisiting, says Ninth Circuit Judge Margaret McKeown.
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Where ESG And Director Fiduciary Duty Overlap
Despite ideological arguments to the contrary, directors and officers' fiduciary duties do not preclude their consideration of environmental, social and governance principles in corporate decision making, say Luis Fortuño at Steptoe & Johnson and Evan Slavitt at Paper Excellence.
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Proposed FERC Backstop Siting Rule May Speed Grid Plans
The Federal Energy Regulatory Commission's proposed rule to implement its legislatively reinvigorated backstop siting authority — which allows it to grant permits for electric transmission lines when states refuse to do so — could serve as a subtle warning to state commissions, and encourage approval of important grid infrastructure, say attorneys at Steptoe & Johnson.