Real Estate Law Community News

$2B Hospital Project Again Clears San Fran Panel

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 18:34:00 -0400

After nearly a year of legal and political stumbling over the environmental review of California Pacific Medical Center’s $2 billion hospital expansion plan, the project on Thursday won back expired approvals from the San Francisco planning commission Read More...

NGL Pipeline Co. Loses Bid To Access Private Land

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 16:03:00 -0400

A Texas appeals court on Thursday nixed a Crosstex Energy Inc. unit’s effort to begin work on part of a natural gas liquids pipeline it intends to route through private property, ruling the company has not shown it is entitled to seize the land Read More...

11th Circ. Backs Wells Fargo Win In Mortgage Transfer Case

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 15:49:00 -0400

The Eleventh Circuit on Thursday dismissed a proposed class action brought by a mortgage holder who claimed Wells Fargo Bank NA violated the Truth in Lending Act by failing to notify her of a transfer in ownership of her mortgage loan. Read More...

Former Stockbroker Seeks Bail In 'Rebecca' Con Case

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 15:42:00 -0400

A former stockbroker accused of defrauding a real estate company and the producers of defunct Broadway musical “Rebecca” sought bail in New York federal court Thursday as negotiations for a potential plea deal continue, saying he has found Read More...

Trump Wins Fraud Trial Over Chicago Condos

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 15:11:00 -0400

A federal jury in Chicago sided with Donald Trump's companies at a consumer fraud trial Thursday, rejecting claims that they deceptively lured prospective buyers of hotel condominiums at Trump's downtown luxury tower by offering a revenue-sharing Read More...

FDIC Wins Malpractice Suit Against Law Firm Over $5M Loan

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 15:03:00 -0400

A Florida federal jury Wednesday sided with the Federal Deposit Insurance Corp. in its malpractice suit against Icard Merrill Cullis Timm Furen & Ginsburg over the firm's representation of a developer in a $5.3 million real estate loan. Read More...

Lawyers Tell Texas Appeals Court Arbitrator Was Biased

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 14:56:00 -0400

Attorneys from a now-dissolved firm on Friday argued in a brief to a Texas appellate court that they should be allowed to pursue a fraud suit against Fish & Richardson PC and JAMS Inc. over a vacated $28 million arbitration award, saying a trial court Read More...

Lawyers Tell Texas Appeals Court Arbitrator Was Biased

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 14:56:00 -0400

Deals Sizzle, BBQs To Follow For Busy Deal Makers

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 14:52:00 -0400

Deal makers really don't want to spend Memorial Day weekend in the office. A flurry of transactions have made this one of the year's busiest weeks in mergers and acquisitions, with Simpson Thacher & Bartlett LLP and Latham & Watkins LLP Read More...

Terrafina Buys $600M Mexican Portfolio From Kimco JV

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 14:26:00 -0400

Shopping center owner and operator Kimco Realty Corp. and joint venture partner American Industries have agreed to sell a Mexican industrial portfolio of properties to Mexican real estate investment trust Terrafina for approximately $600 million, the Read More...

Lehman To Reap Up To $2B From Pair Of REIT Stock Offerings

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 14:05:00 -0400

Lehman Brothers Holdings Inc. will unload roughly 50 percent of its stake in residential real estate investment trusts Equity Residential and AvalonBay Communities Inc. in separate offerings that could reap as much as $2 billion for the defunct investment Read More...

Blackstone Teams With Prologis On $960M Industrial Deal

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 13:53:00 -0400

The Blackstone Group LP and Prologis Inc. are teaming up to make a $960 million purchase of a massive U.S. industrial portfolio from a venture led by Lehman Brothers Holdings Inc., sources confirmed to Law360 on Thursday. Read More...

$200M Miami Mixed-Use Project Cleared For Construction

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 13:51:00 -0400

The Miami City Commission gave its final approvals Thursday to a more than $200 million mixed-use project that proposes to bring retail and residential space to the banks of the Miami River. Read More...

NYC Planning Board OKs Queens Tennis Stadium Expansion

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 13:38:00 -0400

The U.S. Tennis Association's $500 million plan to expand its tennis center in Queens moved one step closer to reality Wednesday when New York City's Planning Commission voted to approve the controversial proposal. Read More...

NJ Lawmakers Rip Christie On Housing Funds

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 13:37:00 -0400

New Jersey lawmakers on Thursday waded into the state's challenge of a court order that blocked it from taking some $140 million from municipal affordable housing trust funds, arguing that Gov. Chris Christie's administration has misrepresented Read More...

'Hate' Demonstrations At Philly Towers Halted By Judge

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 12:43:00 -0400

A Pennsylvania judge Thursday halted a religious group from holding demonstrations outside the retail mall at the foot of two iconic Philadelphia skyscrapers, a day after the owner of the mall alleged that the group was showering hate speech upon passersby Read More...

Bankrupt REIT Gets $50M In Deal With BlackRock, Lenders

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 12:03:00 -0400

A New York bankruptcy judge on Thursday approved a settlement that BlackRock Inc.'s bankrupt real estate investment trust Anthracite Capital Inc. reached with BlackRock and two banks, allowing Anthracite to bring in $50 million and begin winding down Read More...

NY Appeals Court Won't Cut BofA Faulty Underwriting Claims

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 11:44:00 -0400

A New York state appeals court refused Wednesday to dismiss claims against several Bank of America Corp. units in a putative class action over allegedly loose mortgage underwriting standards, saying the plaintiff had sufficiently alleged she had signed Read More...

ResCap Gets $2.1B From Ally To Settle Creditor Claims

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 09:48:00 -0400

Ally Financial Inc. will pay $2.1 billion to win peace with creditors of its former mortgage subsidiary, bankrupt Residential Capital LLC, nearly triple the auto lender’s original settlement offer, according to documents filed Thursday in New York Read More...

Liberty Property Drops $133.5M On DC Office Building

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 09:38:00 -0400

Pennsylvania-based Liberty Property Trust has scooped up a Washington, D.C., office building and new development rights from a Hines fund for $133.5 million, giving the trust an opportunity to expand the property, according to a Thursday statement. Read More...

Deals Rumor Mill: Yankee Candle, THL Partners, Volvo

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 08:07:00 -0400

Madison Dearborn is scrapping plans to unload Yankee Candle Co. after prospective private equity buyers refused to make multibillion-dollar offers for the company, while Volvo is considering a spinoff of its North American heavy truck unit that could Read More...

Good For Business: Florida's LLC Rewrite

anonymous@localhost.com (Liz Barrett) — Thu, 23 May 2013 04:28:00 -0400

Representing a substantial evolution in Florida law, the Florida Revised Limited Liability Company Act will make the state a more desirable location for business owners to use an LLC for their business activities. Companies and counsel should familiarize Read More...

Cooley Boosts Litigation Team With DLA Piper Enviro Atty

anonymous@localhost.com (Liz Barrett) — Wed, 22 May 2013 19:02:00 -0400

Cooley LLP said Wednesday it added a DLA Piper attorney with expertise in environmental, product liability and real estate suits to ramp up its national litigation practice in San Diego. Read More...

UBS Ruling Allays Fear Factor For SEC Whistleblowers

anonymous@localhost.com (Liz Barrett) — Wed, 22 May 2013 17:07:00 -0400

A New York federal court ruling Tuesday that keeps alive a UBS AG whistleblower’s retaliation suit marks a key victory for the U.S. Securities and Exchange Commission as it looks to make reporting Wall Street fraud less intimidating, attorneys say Read More...

NJ Court Orders DEP To Revisit Brownfield Cleanup Loan

anonymous@localhost.com (Liz Barrett) — Wed, 22 May 2013 16:21:00 -0400

A New Jersey appellate court on Wednesday ordered the state’s environmental regulator to reconsider a grant application for contamination cleanup costs from a property owner that says the regulator capriciously denied its application due to a change Read More...

Real Estate Law Community News

$2B Hospital Project Again Clears San Fran Panel 

NGL Pipeline Co. Loses Bid To Access Private Land

11th Circ. Backs Wells Fargo Win In Mortgage Transfer Case

Former Stockbroker Seeks Bail In 'Rebecca' Con Case

Trump Wins Fraud Trial Over Chicago Condos

FDIC Wins Malpractice Suit Against Law Firm Over $5M Loan

Lawyers Tell Texas Appeals Court Arbitrator Was Biased

Lawyers Tell Texas Appeals Court Arbitrator Was Biased

Deals Sizzle, BBQs To Follow For Busy Deal Makers

Terrafina Buys $600M Mexican Portfolio From Kimco JV

Lehman To Reap Up To $2B From Pair Of REIT Stock Offerings

Blackstone Teams With Prologis On $960M Industrial Deal

$200M Miami Mixed-Use Project Cleared For Construction

NYC Planning Board OKs Queens Tennis Stadium Expansion

NJ Lawmakers Rip Christie On Housing Funds

'Hate' Demonstrations At Philly Towers Halted By Judge

Bankrupt REIT Gets $50M In Deal With BlackRock, Lenders

NY Appeals Court Won't Cut BofA Faulty Underwriting Claims

ResCap Gets $2.1B From Ally To Settle Creditor Claims

Liberty Property Drops $133.5M On DC Office Building

Deals Rumor Mill: Yankee Candle, THL Partners, Volvo

Good For Business: Florida's LLC Rewrite

Cooley Boosts Litigation Team With DLA Piper Enviro Atty

UBS Ruling Allays Fear Factor For SEC Whistleblowers

NJ Court Orders DEP To Revisit Brownfield Cleanup Loan

$2B Hospital Project Again Clears San Fran Panel