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Supertall skyscrapers in a row alongside other high-rise apartment buildings

What Billionaire's Row Co-Op Victory Means For NY Arbitration

Shareholders at a residential cooperative on New York City's Billionaire's Row scored a victory last week when the Appellate Division vacated an arbitration award that would have seen the ground-lease rent increase nearly sixfold to $24.6 million. Gayle Pollack, a partner at Morrison Cohen LLP who led the team representing the tenants, spoke to Law360 about her work on the case.

Artist's rendering of a resort-style outdoor pool surrounded by lounge chairs, palm trees, cabanas and a modern residential building with the ocean in the background.

South Beach's Overlooked Neighbor Catches Developers' Eye

Miami Beach has attracted a new wave of development, but it's not in South Beach. Homegrown developer Robert Finvarb tells Law360 Real Estate Authority what is drawing him and other prominent builders to long-ignored North Beach.

Contemporary empty office interior with glass partitions, stylish furniture and city view in background

Determined To Expand, Law Firms Face Tight Office Market

Law firms are finding new ways to expand their office space, since finding sufficient space is proving to be a challenge in desirable areas such as Manhattan, where the top-tier office market has now fully recovered.

Expert Analysis

Planning For The Impact Of FinCEN's CTA Rollback

David Buck, Paul Tyrrell and Michael Mann

The Financial Crimes Enforcement Network's recent rollback of Corporate Transparency Act reporting obligations sho... (more story)

Home Equity Products Face Expanding Regulatory Patchwork

Christian Hancock, Brian O’Dell and Tom Mostellar

Home equity investment providers, which have recently come under scrutiny from regulators and industry groups, fac... (more story)

What Nonbank Lenders Should Watch In 'Open Banking' Redo

Kara Ward

Nonbank mortgage lenders should prepare for several key changes in the Consumer Financial Protection Bureau's anti... (more story)

Commercial More

Two Men Cop To Bribing Ex-NYC Buildings Commissioner

Two men on Wednesday pled guilty to bribing former New York City Buildings Commissioner Eric Ulrich just weeks before the longtime city official is slated to stand trial in New York state court.

Longpoint Pays $195M For Fla. Industrial Portfolio

Private equity real estate firm Longpoint Partners has paid $195 million for a 10-property, 729,901-square-foot industrial portfolio in Florida's Miami-Dade County, the firm announced Wednesday.

Bird's eye view of a line of power lines in between rows of warehouse-style buildings
How Attorneys Get Data Centers Built Off The Beaten Path

Data center developers may be able to bypass time-consuming rezoning processes when building in remote areas, but that doesn't mean their projects will be free of legal and logistical complications, attorneys said.

Aviation Co. Challenges Colo. County's $33M Tax Valuation

An aviation services company is being illegally taxed on improvements to property at a Denver airport it possesses as a leaseholder, the company told a state court, challenging the property's $33.1 million val... (more story)

Mass. Justices Probe $8M Waterfront Sale To Audubon Group

A justice on Massachusetts' top court asked Wednesday whether a court-appointed receiver had a duty to investigate more lucrative offers before selling an 18-acre abandoned industrial site to a nonprofit that ... (more story)

Rising Star: Goodwin's Niall Dickson

Niall Dickson of Goodwin Procter LLP advised global investment manager Ares Management on the formation of billions of dollars in funds focusing on real estate assets such as multifamily, industrial or self-st... (more story)

Lowenstein Sandler Adds ExodusPoint GC As NY Partner

Lowenstein Sandler LLP has expanded its investment management and private funds group by adding a pair of attorneys in New York, including an incoming partner with both in-house and BigLaw experience.

Residential More

Real Estate Firm Says Insurers Owe $5.3M For Motel Damage

A pair of insurers under the Berkshire Hathaway Inc. and Munich Re umbrellas wrongly refused to cover over $5.3 million in damage to a motel that a real estate company purchased to convert into affordable hous... (more story)

NY Tenants Say Landlord Flouted Rent-Stabilization Rules

Tenants alleged Wednesday in a New York state court lawsuit that Housing Rights Initiative, a housing watchdog group, found that a landlord collected more than $35 million by imposing wrongful rent increases o... (more story)

low-angle view of yellow construction crane and incomplete multilevel building with peach-colored temporary siding
Wells Fargo Slashes Construction Debt By Another $1B

Wells Fargo continued to reduce its construction debt on the books in the second quarter, trimming that figure by another $1 billion, while JPMorgan saw a smaller reduction of about $200 million in constructio... (more story)

Redfin Says Home Listings Jump Means Leverage For Buyers

Real estate brokerage Redfin in a Wednesday report said new listings of U.S. homes for sale reached their highest level in four years, giving buyers more bargaining power even as stubbornly high housing costs ... (more story)

California Judge Ends Tribe's Challenge Over Village Site

A federal magistrate judge has ended a dispute between two California tribes over the management of an Indigenous coastal village site, determining that the Cher-Ae Heights Indian Community of the Trinidad Ran... (more story)

Starwood Capital, Trinitas Form Student Housing JV

Private investment firm Starwood Capital Group and real estate company Trinitas Ventures have teamed up to create a joint venture that will build housing for students attending the University of Pittsburgh, Un... (more story)

Troutman, Wachtell Guide $8.1B IRT-Centerspace REIT Merger

Independence Realty Trust Inc. and Centerspace said Wednesday they have agreed to merge in an all-stock deal that would value the combined entity at about $8.1 billion, including debt, with Troutman Pepper Loc... (more story)