More Real Estate Coverage
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June 21, 2024
Ohio Board Says Zoning Change Doesn't Cut Properties' Value
The Ohio Board of Tax Appeals rejected on Friday arguments from an owner of five parcels that changes to their zoning that occurred within a year of when they were purchased warranted reducing the properties' values below their sales prices.
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June 20, 2024
Shulman Rogers Boosts Real Estate Team With Fried Frank Atty
Shulman Rogers PA has added a new real estate and commercial leasing shareholder, who has joined the firm from Fried Frank Harris Shriver & Jacobson LLP, the firm announced Thursday.
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June 18, 2024
Ariz. Tax Court Nixes Valuation Based On Crops Grown
An Arizona county assessor wrongly valued agricultural property based on the crops grown, subjecting the land to enormous valuation increases, the state Tax Court said.
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June 18, 2024
Burr & Forman Adds Morris Manning Real Estate Atty In Atlanta
Burr & Forman LLP has added a former Morris Manning & Martin LLP commercial real estate attorney to its Atlanta office, strengthening its real estate practice, the firm announced Tuesday.
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June 18, 2024
Meet The Philly Atty Tapped To Prosecute Public Transit Crime
A litigator with a long history of practicing in the public sector is returning to some familiar surroundings as the Pennsylvania attorney general's pick to prosecute crimes on Philadelphia's transit system.
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June 18, 2024
Treasury Finalizes Labor Rules For Bonus Energy Tax Credits
The U.S. Treasury Department released final labor rules Tuesday for clean energy projects seeking to significantly boost the value of their tax credits, emphasizing due diligence by developers and announcing that more IRS resources will go toward enforcement of the rules.
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June 17, 2024
Feds, Tribes Say It's Too Soon To Reopen Monument Suit
The federal government, tribes and conservation groups are fighting a bid by Utah and farming associations to lift a more than three-year stay in a challenge to the Bears Ears National Monument, arguing that the state is already involved in litigation that attempts to nullify the presidential proclamation that established it.
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June 17, 2024
RI Allows Unrestricted Property Tax Rates In Providence
Rhode Island is authorizing the city of Providence to adopt a classification system that allows unrestricted tax rates for residential, commercial, industrial and tangible personal property under bills that became law without the governor's signature.
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June 14, 2024
Utah Gov. And Land Trust Beat Tribe's Bidding Suit, For Now
A federal judge dismissed claims against Utah Gov. Spencer Cox, several state officials and its trust lands administration in a tribe's challenge accusing them of spinning a racist bidding scheme to prevent it from winning a land auction to purchase land just outside its reservation.
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June 14, 2024
Property Plays: Net Lease REIT, Vornado, Citadel
Property Plays is a weekly roundup of the latest loans, leases, sales and projects around the country. Send your tips — all confidential — to realestate@law360.com.
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June 14, 2024
Feds, Tribes Say Mill Owners Liable For 150 Years Of Pollution
The federal government, the state of Washington and a slew of tribes are suing the owners of a shuttered sawmill and a property group that now oversee the sawmill area's development, alleging that for more than a century, hazardous substances from the operation released into Port Gamble Bay and have harmed its natural resources.
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June 14, 2024
Taxation With Representation: Kirkland, Arnold & Porter
In this week's Taxation with Representation, Noble Corp. PLC buys Diamond Offshore Drilling Inc., Cognizant buys Belcan, AlphaSense raises funding to buy Tegus, and Matador Resources Co. acquires a subsidiary of the EnCap Investments portfolio company Ameredev II Parent.
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June 13, 2024
Mich. Co. Claims Mexico Owes $2.7B For Illegal Land Grab
A Michigan consumer products manufacturer has asked an international tribunal to order Mexico to pay it $2.7 billion, saying the country wrongfully seized 700 acres of the company's agricultural land in the Mexican state of Jalisco.
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June 13, 2024
Conn. Justices Side With Ritzy Borough In Legal Notice Case
The borough of Fenwick, Connecticut, provided adequate legal notice of zoning changes that would allow for short-term home rentals, the state Supreme Court ruled Thursday, rejecting arguments that officials published their decision in a newspaper that does not substantially circulate in the affluent community.
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June 12, 2024
Judge Tells Embezzling Atty To Focus As Sentencing Looms
An Illinois federal judge on Wednesday again denied a former attorney's bid for a new trial or pre-sentencing release after a jury convicted him of misappropriating a now-shuttered bank's embezzled funds, saying he should concentrate on his upcoming sentencing instead.
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June 12, 2024
Matador Paying $1.9B For EnCap Delaware Basin Assets
Dallas-based Matador Resources Co. said Wednesday it has agreed to pay just over $1.9 billion for a subsidiary of the EnCap Investments portfolio company Ameredev II Parent, taking control of oil and natural gas producing properties across the Delaware Basin.
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June 11, 2024
Ariz. Wants To Oppose Its Legislature In Monument Lawsuit
The state of Arizona wants to intervene in a lawsuit by its Republican House and Senate lawmakers that challenges President Joe Biden's proclamation designating an Indigenous site in the Grand Canyon region a national monument, arguing that the legislative body lacks authority to assert those claims in federal district court.
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June 11, 2024
DC Circ. Affirms Petrobras' Immunity Denial In Fraud Case
The D.C. Circuit on Tuesday affirmed the denial of Petrobras' immunity defense against an investor fraud lawsuit filed after the petroleum company was implicated in a sprawling bribery scheme, ruling that the alleged fraud caused a direct impact on the United States sufficient to pull Petrobras into the court's jurisdiction.
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June 11, 2024
2025 Trial Set For Ex-Conn. Official Charged In Kickback Scheme
A Feb. 6 jury selection date has been set in a federal corruption case accusing a former Connecticut state budget official, lawmaker and beleaguered attorney of extortion and bribery in connection with millions in school finance projects.
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June 11, 2024
NJ City's Watershed Property Is Subject To Tax, Court Says
An undeveloped property in West Milford, New Jersey, that's owned by Newark was properly valued by West Milford, as the property is a watershed subject to tax, the New Jersey Tax Court ruled.
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June 11, 2024
Conn. Man's Land Not Used For Farming, Appeals Court Finds
A tax assessor in Connecticut properly declassified a property owner's land as farmland, the state's appellate court ruled in an opinion released Tuesday, affirming a trial court's finding that the property was no longer used for farming.
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June 11, 2024
Colo. Eviction Law Firm Hit With Suit Over Fee Mark-Ups
A Colorado law firm that specializes in representing landlords in evictions was hit Tuesday with another federal lawsuit alleging the firm violated debt collection laws with the billing of tenants for attorney fees before eviction proceedings are resolved.
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June 10, 2024
9th Circ. Says Choctaw's Dispute With CVS Must Be Arbitrated
A Ninth Circuit panel forced the Choctaw Nation to arbitrate a dispute over prescription drug reimbursement with CVS Health Corp. subsidiaries, affirming an Arizona federal judge's order in a published opinion Monday.
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June 06, 2024
Wash. Justices To Review Spokane Homeless Camp Initiative
The Washington State Supreme Court has agreed to hear a homeless advocacy group's appeal in its failed challenge to a voter-approved initiative expanding Spokane's restrictions on homeless encampments.
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June 06, 2024
Colorado Extends Contaminated Land Cleanup Tax Credit
Colorado will extend its environmental remediation of contaminated land income tax credit for five years under a bill signed by Democratic Gov. Jared Polis.
Expert Analysis
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How FERC Proposal Will Guide Clean Grid Development
The Federal Energy Regulatory Commission's major new proposal on regional electric transmission planning and cost allocation appears likely to substantially reshape how the transmission system is built out to accommodate the clean energy future, say attorneys at Day Pitney.
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What To Expect From Biden Admin.'s NEPA Updates
The Council on Environmental Quality's recent National Environmental Policy Act updates will be critically important to federal agencies seeking to implement the Biden administration's renewable energy policies, but their practical impact may be limited, say attorneys at K&L Gates.
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Adapting To New Hybrid Energy Project Contracts
As growing complexity and risk make contractors reluctant to sign lump-sum turnkey engineering, procurement and construction contracts for big energy projects, parties must give careful thought to how new procurement structures can encourage timely and efficient execution of the work, say Daniel Garton and David Strickland at White & Case.
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What FERC Flip-Flop Says About Politics And Energy Projects
The Federal Energy Regulatory Commission's about-face on its policies for considering the environmental impacts of natural gas infrastructure shows that the agency is not immune to political pressure — so energy sector investors should stay mindful of broader politics when planning projects, say Martha Kammoun and Rachael Marsh at Bracewell.
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Gov't On Solid Ground In Moving Against Offshore Wind Suit
The federal government's motion to dismiss Save Long Beach Island v. U.S. Department of the Interior, a lawsuit in a D.C. federal court over the designation of portions of the New York Bight as offshore wind energy areas, is backed by strong precedent — and the government could assert additional viable grounds to dismiss the plaintiff's claims, says Stacey Bosshardt at Perkins Coie.
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4 Takeaways From Pa. Draft Environmental Justice Policy
The Pennsylvania Department of Environmental Protection's proposed revisions to its environmental justice policy, seeking to give minority and low-income communities more opportunities to participate in environmental permitting decisions, shed light on the department's shifting priorities and would add considerations for applicants, say attorneys at Saul Ewing.
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Fighting Legal Challenges To Renewable Projects With NEPA
Recent lawsuits in federal court challenging offshore wind energy development highlight how the National Environmental Policy Act — a statute of choice for ambitious energy projects — offers renewable energy developers an opportunity to create informed and defensible agency action that can fend off objections from project opponents, says Andrew Glenn at Husch Blackwell.
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Carbon Cost Injunction Signals Hurdles For Biden Plans
A Louisiana federal court's unusually expansive injunction preventing the Biden administration from using its social cost of carbon estimates in future regulatory guidance may be a sign that the president's environmental agenda will face more aggressive court challenges going forward, say attorneys at WilmerHale.
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How US Trade Obligations Apply To Biden's Infrastructure Law
The Infrastructure Investment and Jobs Act could require some state agencies that receive federal funding for infrastructure to consider for the first time whether U.S. international treaty obligations prevent the application of Buy America preferences for certain government purchases, subjecting them to new liability risks, say attorneys at Akin Gump.
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NY, NJ Lease Auctions Highlight US Push For Offshore Wind
The Bureau of Ocean Energy Management's upcoming auction of new lease areas for wind farms off the coasts of New York and New Jersey demonstrate the Biden administration's desire to foster the U.S. offshore wind industry — and interested parties should track the agency's plans for other coastal areas, says attorneys at K&L Gates.
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Infrastructure Law Is Not All Good News For Construction Cos.
The recently enacted Infrastructure Investment and Jobs Act will help strengthen the construction industry and create jobs, but heightened material costs, conflicts between state and federal law, and environmental concerns must be considered by entities wishing to take advantage of the increased development, say Gary Strong and Madison Calkins at Gfeller Laurie.
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High Court's Return To Wetlands Debate May Bring Clarity
The U.S. Supreme Court's recent decision to revisit the reach of the Clean Water Act, in its forthcoming consideration of Sackett v. U.S. Environmental Protection Agency, may help lift the clouds of uncertainty that have plagued jurisdictional wetlands determinations for decades, says Bryan Moore at Balch & Bingham.
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Electricity Market Competition Helps Consumers And Climate
Lawmakers looking to combat climate change and increase consumer choice should encourage and expand competitive electricity supply markets, to free customers from inefficient and often corrupt vertically integrated monopoly utilities, says Todd Snitchler at the Electric Power Supply Association.