Hurricanes Stir Questions On 'Acts Of God' In Contracts
The predictability of extreme weather events is bringing renewed attention to force majeure clauses in real estate contracts and whether incidents like a pair of devastating hurricanes in Florida can really be classified as unforeseeable "act of God" events.
DC Tenant Atty Says There's No Evidence Of ERAP Fraud
Washington, D.C., officials recently changed the city's Emergency Rental Assistance Program to address what they called a crisis stemming from some tenants misusing the initiative, but the district hasn't shown evidence of misuse and the updates will likely cause more harm than good, a Legal Aid DC attorney told Law360 Real Estate Authority in an interview.
Judge Rejects Firm's 'Support' Framing In Racetrack Flaw Suit
A Florida state judge on Tuesday denied an attempt by a British racetrack consultant to define its role as merely providing "support" to the construction of a track that failed during the Formula 1 Miami Grand Prix race in 2022.
Commercial More
An engineering company that won millions of dollars in a trademark case against a real estate developer that tried to use the "Dewberry" name for a hotel told the U.S. Supreme Court Tuesday to let that ruling ... (more story)
Stoltz Real Estate Partners borrowed $188 million to finance its purchase of a 1.9 million square foot infill industrial portfolio comprising 24 buildings located in Nashville and Atlanta, in a financing deal ... (more story)
Real estate research firm Trepp has its eye on four commercial mortgage-backed securities collateralized by office, hotel and mall properties in the wake of Hurricanes Helene and Milton, the firm reported Wednesday.
A New Jersey state appeals court has reinstated an enhanced casino tax break measure that a trial court had deemed unconstitutional, reasoning that the judge neglected to analyze the measure's interplay with t... (more story)
Bricks and debris fell from an old office building in downtown Pittsburgh, causing more than $51,000 in damage to the roof of Pisanchyn Law Firm, and the insurer of the property housing the firm told a Pennsyl... (more story)
Semiconductor wafer production facilities will qualify for the 25% investment tax credit that incentivizes advanced chip manufacturing development projects under final regulations the U.S. Department of the Tr... (more story)
As Winston & Strawn LLP continues to build out its transactions team, the firm has hired a new attorney from Hunton Andrews Kurth LLP with a focus on the tax aspects of real estate financing.
Residential More
A New York state court judge has pared a Forest Hills, Queens, homeowners association's nuisance suit against a local stadium owner accused of disturbing the neighborhood with lots of noise, traffic and crowds.
PGIM Real Estate has sold a New York City apartment building for $104.5 million, a notable loss clocking in at nearly $20 million below PGIM's original 2015 purchase price, per county property records.
A Ninth Circuit panel has rebuffed a veteran's challenge to a Washington city's ordinance that he says displaced residents living in their vehicles, ruling Oct. 17 that the ordinance does not violate his purpo... (more story)
The number of building permits issued and construction starts fell in September, even as the total number of housing units completed nationwide continues to rise, a delayed marker of previous months' stronger ... (more story)
A proposed class of renters has accused homeownership company Landis Technologies Inc., its affiliates and multiple investment firms in Pennsylvania federal court of running a fraudulent rent-to-own scheme.
For decades, a handful of New York-based law firms thoroughly dominated the national consciousness when it came to power, profitability and prestige. But in today's legal market, increased movement of partners... (more story)
Check out our Prestige Leaders ranking, analysis and interactive graphics to see which firms stand out for their financial performance, attractiveness to attorneys and law students, ability to secure accolades... (more story)