Real Estate

  • January 21, 2025

    Tax Court Slashes $33M Easement Deduction

    The U.S. Tax Court reduced a partnership's claimed $33 million tax deduction for a donation of a Georgia conservation easement Tuesday, saying the easement was only worth $4.7 million, partly because the partnership overestimated its development potential in a rural area.

  • January 21, 2025

    Medical Cannabis REIT Misled Investors, Suit Claims

    A medical cannabis-focused real estate investment trust lied to its shareholders about the profitability of its leasing operations and declining rents, a new suit has alleged in Maryland federal court.

  • January 21, 2025

    High Court Asked To Review Malpractice Insurance Claim Row

    A California woman has asked the U.S. Supreme Court to review a First Circuit ruling that upheld a federal court's judgment despite it being "explicitly contrary" to Massachusetts law, telling the court that denying her bid for a certification by the state's high court punishes federal plaintiffs and encourages forum shopping.

  • January 21, 2025

    Bondi Pledges To Consult DOJ Ethics Team On Trump Matters

    Following last week's hearing for President Donald Trump's attorney general nominee, Democrats further questioned Pam Bondi on how she would maintain independence from Trump due to her past relationships with him.

  • January 21, 2025

    Victors In Landmark Graft Case Want 2nd Top Court Review

    The defendants who won a landmark 2023 U.S. Supreme Court ruling that narrowed certain types of corruption prosecutions have asked the justices to intervene in their case again, claiming the Second Circuit had wrongly allowed the government to pursue new trials based on a different theory of fraud.

  • January 21, 2025

    Trump Orders Federal Workers Back To Office

    On his first day back in the Oval Office, President Donald Trump ordered federal workers back to theirs.

  • January 17, 2025

    Law360 Names Practice Groups Of The Year

    Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2024, which honor the attorney teams behind litigation wins and significant transaction work that resonated throughout the legal industry this past year.

  • January 17, 2025

    Law360 Names Firms Of The Year

    Eight law firms have earned spots as Law360's Firms of the Year, with 54 Practice Group of the Year awards among them, steering some of the largest deals of 2024 and securing high-profile litigation wins, including at the U.S. Supreme Court.

  • January 17, 2025

    Feds Drop Bribery, Fraud Suit Against Ex-New York Lt. Gov.

    Federal prosecutors on Friday dropped a bribery and fraud suit accusing former New York Lt. Gov. Brian Benjamin of using his position to obtain state grant funds in exchange for campaign contributions, noting the death of a New York real estate lawyer who pled guilty as a cooperating witness in 2022.

  • January 17, 2025

    Real Estate Recap: Trump Policy Priorities, Natural Disasters

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including policy expectations under President Donald Trump and the way natural disasters such as the LA wildfires are shaping commercial real estate deals.

  • January 17, 2025

    CFPB Inks $1.5M Redlining Deal As Biden Era Ends

    The Consumer Financial Protection Bureau is poised to collect a $1.5 million fine from an Illinois mortgage company as part of a settlement unveiled late Friday over claims it engaged in redlining, a form of residential lending discrimination.

  • January 17, 2025

    9th Circ. Backs Vacating Some Trump-Era Oil And Gas Leases

    A split Ninth Circuit ruled Friday that an Idaho federal court, but not a Montana federal court, abused its discretion in striking down oil and gas leases sold during the Trump administration, but halted "surface-disturbing activity" while the federal government reconsiders the leasing decisions.

  • January 17, 2025

    Muscogee Look To Renew Alabama Burial Grounds Dispute

    The Muscogee (Creek) Nation is asking a federal district court for permission to file a new complaint in a dispute over a sacred Alabama burial ground site after the Eleventh Circuit last year allowed the tribe to reinstate its allegations.

  • January 17, 2025

    Colo. AG, FTC Say Greystar Advertised Deceptive Rent Prices

    The Federal Trade Commission sued developer and property manager Greystar in Colorado federal court Thursday, alleging Greystar advertised deceptive prices for its units to entice prospective tenants to apply, only to later slap them with mandatory hidden fees not included in the marketed price.

  • January 17, 2025

    Michigan Justices Won't Answer Securities Test Issue

    The Michigan Supreme Court on Friday denied an appeal from a developer asking justices to find a state law test rather than a federal one should be used to determine if a promissory note is a security, leaving in place a ruling that keeps the developer liable for notes issued in a $6 million project. 

  • January 17, 2025

    GOP Reps. Look To End President's National Monument Power

    Two Republican members of Congress have launched a bill seeking to strip the president's power to declare national monuments, saying the Antiquities Act of 1906 is in dire need of reform that would hand over that authority to Congress.

  • January 17, 2025

    Concrete Co. Picks Up Queens Space For $60M

    A Tennessee concrete manufacturer has secured a lot at 120-05 31st Ave. in College Point, Queens, from a New York concrete company for $60 million in a deal guided by Holland & Knight LLP, according to property records.

  • January 17, 2025

    Fla. HOA Says Insurer Failed To Pay Or Appraise $9.5M Claim

    A Sunshine State condo association told a Florida federal court Friday that its insurer failed to pay its $9.5 million claim for damages sustained as a result of Hurricane Ian, alleging the insurer didn't meet its policy's terms regarding assigning an appraiser.

  • January 17, 2025

    NJ Beach Access Dispute Should Go To Trial, Panel Says

    A New Jersey appellate court ruled against beachfront property owners embroiled in a dispute over a dune walkover that provided direct access to Normandy Beach, ruling that the validity of one claim should be determined in a trial.

  • January 17, 2025

    NYC Mall Lenders, Developer Want Foreign Investor Suit Nixed

    Financial backers of a Staten Island mall project are asking a federal judge to toss a suit by foreign investors seeking damages, arguing that the investors are just trying to "claw back" whatever they can from others who lost even more money.

  • January 17, 2025

    Hawaii Bill Seeks To Make Renter Tax Credit Permanent

    Hawaii would make its renters tax credit permanent and change the credit's amounts under a bill introduced in the state House of Representatives.

  • January 17, 2025

    Polsinelli Commercial Litigation Vice Chair Joins Honigman

    Honigman LLP announced the addition of Polsinelli PC's vice chair of commercial litigation on Thursday, saying his experience will support the growth Honigman anticipates in the commercial real estate market.

  • January 17, 2025

    Property Owner Says Nationwide Lowballed On $3.8M Losses

    A Georgia property owner accused its insurer, a Nationwide unit, of "grossly underestimating" damages from separate hail and water events, alleging it was offered a combined total of less than $8,000 for losses exceeding $3.8 million, in a case removed to Georgia federal court.

  • January 17, 2025

    Taxation With Representation: Simpson Thacher, Covington

    In this week's Taxation With Representation, Eli Lilly and Co. buys a precision breast cancer program, Applied Digital Corp. enters a financing agreement for its high-performance computing business, Clearwater Analytics buys Enfusion, and Lantheus Holdings Inc. buys Life Molecular Imaging Ltd.

  • January 17, 2025

    Off The Bench: Arrest In NBA Betting Probe, 76ers' Arena Deal

    In this week's Off The Bench, the betting fraud investigation with a former National Basketball Association player at the center produces another arrest, the Philadelphia 76ers pull out of one new arena agreement and sign up for another, and a champion fighter is accused of assaulting a woman at a basketball game.

Expert Analysis

  • Increased Scrutiny Raises Int'l Real Estate Transaction Risks

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    Recently proposed regulations expanding the Committee on Foreign Investment in the United States' oversight, a White House divestment order and state-level legislative efforts signal increasing scrutiny of real estate transactions that may trigger national security concerns, say Luciano Racco and Aleksis Fernández Caballero at Foley Hoag.

  • Financial Incentives May Alleviate Affordable Housing Crisis

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    There is a wide array of financial incentives and assistance that the government can provide to both real estate developers and individuals to chip away at the housing affordability problem from multiple angles, say Eric DeBear and Madeline Williams at Cozen.

  • Why Attorneys Should Consider Community Leadership Roles

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    Volunteering and nonprofit board service are complementary to, but distinct from, traditional pro bono work, and taking on these community leadership roles can produce dividends for lawyers, their firms and the nonprofit causes they support, says Katie Beacham at Kilpatrick.

  • Firms Must Offer A Trifecta Of Services In Post-Chevron World

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    After the U.S. Supreme Court’s Loper Bright Enterprises v. Raimondo decision overturning Chevron deference, law firms will need to integrate litigation, lobbying and communications functions to keep up with the ramifications of the ruling and provide adequate counsel quickly, says Neil Hare at Dentons.

  • 5 Tips To Succeed In A Master Of Laws Program And Beyond

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    As lawyers and recent law school graduates begin their Master of Laws coursework across the country, they should keep a few pointers in mind to get the most out of their programs and kick-start successful careers in their practice areas, says Kelley Miller at Reed Smith.

  • Opinion

    Portland's Gross Receipts Tax Oversteps City's Authority

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    Recent measures by Portland, Oregon, that expand the voter-approved scope of the Clean Energy Surcharge on certain retail sales eviscerate the common meaning of the word "retail" and exceed the city's chartered authority to levy tax, say Nikki Dobay at Greenberg Traurig and Jeff Newgard at Peak Policy.

  • The Bank Preemption Ripple Effects After Cantero, Flagstar

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    The importance of federal preemption for financial institutions will only increase as technology-driven innovations evolve, which is why the U.S. Supreme Court's recent decision in Cantero v. Bank of America and vacatur of Kivett v. Flagstar Bank have real modern-day significance for national banks, say attorneys at WilmerHale.

  • Series

    Being An Opera Singer Made Me A Better Lawyer

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    My journey from the stage to the courtroom has shown that the skills I honed as an opera singer – punctuality, memorization, creativity and more – have all played a vital role in my success as an attorney, says Gerard D'Emilio at GableGotwals.

  • How Law Firms Can Avoid 'Collaboration Drag'

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    Law firm decision making can be stifled by “collaboration drag” — characterized by too many pointless meetings, too much peer feedback and too little dissent — but a few strategies can help stakeholders improve decision-making processes and build consensus, says Steve Groom at Miles Mediation.

  • Assessing The Practicality Of Harris' Affordable Housing Plan

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    Vice President Kamala Harris' proposed "Build the American Dream" plan to tackle housing affordability issues takes solid recommendations into account and may fare better than California's unsuccessful attempt at a similar program, but the scope of the problem is beyond what a three-point plan can solve, says Brooke Miller at Sheppard Mullin.

  • Opinion

    Proposed Law Would Harm NYC Hospitality Industry

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    A recently proposed New York City Law that would update hotel licensing and staff coverage requirements could give the city commissioner and unions undue control over the city's hospitality industry, and harm smaller hotels that cannot afford full-time employees, says Stuart Saft at Holland & Knight.

  • Opinion

    Litigation Funding Disclosure Key To Open, Impartial Process

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    Blanket investor and funding agreement disclosures should be required in all civil cases where the investor has a financial interest in the outcome in order to address issues ranging from potential conflicts of interest to national security concerns, says Bob Goodlatte, former U.S. House Representative for Virginia.

  • RealPage Suit Shows Growing Algorithm, AI Pricing Scrutiny

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    The U.S. Department of Justice's suit against RealPage for helping fix rental rates, filed last week, demonstrates how the use of algorithmic and artificial intelligence tools to assist with pricing decisions is drawing increasing scrutiny and action across government agencies, and specifically at the Federal Trade Commission and the DOJ, say Andre Geverola and Leah Harrell at Arnold & Porter.

  • What NFL Draft Picks Have In Common With Lateral Law Hires

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    Nearly half of law firm lateral hires leave within a few years — a failure rate that is strikingly similar to the performance of NFL quarterbacks drafted in the first round — in part because evaluators focus too heavily on quantifiable metrics and not enough on a prospect's character traits, says Howard Rosenberg at Baretz+Brunelle.

  • Replacing The Stigma Of Menopause With Law Firm Support

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    A large proportion of the workforce is forced to pull the brakes on their career aspirations because of the taboo surrounding menopause and a lack of consistent support, but law firms can initiate the cultural shift needed by formulating thoughtful workplace policies, says Barbara Hamilton-Bruce at Simmons & Simmons.

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