More Real Estate Coverage
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August 05, 2024
Andrews Myers Construction Atty Joins Cozen O'Connor
Cozen O'Connor has hired a construction litigator in California who has more than 14 years of experience representing clients in matters involving infrastructure, industrial and other construction projects, the firm announced Monday.
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August 05, 2024
Latham Helps Woodside Buy Clean Ammonia Biz For $2.4B
Australian oil and gas giant Woodside Energy will buy OCI NV's low-carbon ammonia facility in Texas for $2.35 billion in cash to help with its transition to cleaner forms of energy, the companies said Monday.
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August 02, 2024
Navajo Restrict Radioactive Transport On Reservation Lands
For the next six months, no radioactive material can be transported across the Navajo Nation's reservation without prior agreement with the country's largest federally recognized tribe, according to an executive order signed by President Buu Nygren.
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August 02, 2024
Land Sale Deals Allowed In Colo. Eminent Domain Dispute
A Colorado appeals court ruled against the city of Westminster in its eminent domain action, ruling that three comparable sales contracts and an adjacent land parcel's $51.5 million purchase and sale contract can be admitted as evidence in a valuation trial.
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August 02, 2024
Ohio Board Finds Park's Oil, Gas Production Area Tax Exempt
Space at a park in Ohio that is leased to a private entity to produce oil and gas is entitled to a property tax exemption, the state Board of Tax Appeals ruled Friday, saying the lessee's operations were incidental to the park's public purpose.
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August 02, 2024
Property Plays: VICI, Host Hotels, Tampa Bay Rays
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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July 31, 2024
Separate Easement Contribution Docs Critical, IRS Atty Says
Conservation easement donors must always keep separate documents from their donees that acknowledge the gifted property to qualify for a charitable tax deduction in the event the IRS requests such information during an audit, according to an agency counsel Wednesday.
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July 31, 2024
2nd Circ. Sends Workers' OT Suit Back To Lower Court
Two construction workers' suit claiming a company didn't pay them overtime can head back to a New York federal court, the Second Circuit ruled Wednesday, saying that the duo supported their claims that the entity was their employer.
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July 30, 2024
DC Circ. Tosses FERC's OK Of Northeast Pipeline Expansion
The D.C. Circuit on Tuesday threw out the Federal Energy Regulatory Commission's approval of a Northeast pipeline expansion, ruling that the agency overlooked the project's "enormous" greenhouse gas emissions and failed to properly consider the lack of market need for the added natural gas capacity.
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July 30, 2024
Challenge To IRS Summons in $90M Easement Suit Tossed
A Mississippi federal judge dismissed a company's request to quash IRS summonses related to a $90 million conservation easement deduction, adopting the rulings of three sister jurisdictions that had dismissed the same challenge on grounds the summonses served a legitimate purpose.
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July 29, 2024
Real Estate Co. Strikes Deal To End Black Worker's Bias Suit
A real estate company reached an agreement with a Black former worker to resolve his lawsuit accusing the company of denying him a bonus based on his race and then firing him when he complained, a filing in Georgia federal court said.
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July 29, 2024
Mich. Justices Say Subbed Atty Can't Be Sanctioned
Michigan's Supreme Court has ruled state statute doesn't require all attorneys representing a sanctioned party "be held jointly responsible for frivolous conduct," reversing a decision that imposed sanctions on an attorney who joined a real estate contract dispute after sanctionable conduct occurred.
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July 26, 2024
Property Plays: Pretium, United Center, 830 Brickell
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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July 26, 2024
DC Circ. Won't Stave Off Amtrak's Union Station Takeover
The D.C. Circuit on Friday rejected an emergency bid to stop Amtrak from taking control of Washington, D.C.'s Union Station, but did not dismiss the case outright, ruling that efforts to stop the eminent domain takeover appeared unlikely to succeed on appeal.
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July 25, 2024
Embattled Texas Law Firm Wants More Time For Ch. 11 Plan
Troubled Houston law firm MMA Law asked a Texas bankruptcy court to extend the exclusivity period to file a Chapter 11 plan for 120 more days, with a current filing exclusivity period set to end in early August.
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July 25, 2024
GSA Awards $94M Contract For Overhauling ND Land Port
A construction company won a $94 million contract from the U.S. General Services Administration to replace the "outmoded" facilities of a Dunseith, North Dakota, land port entry, the GSA announced.
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July 25, 2024
Alaska Sues To Block Federal Land Conservation Rule
The state of Alaska is challenging a Bureau of Land Management rule that aims to conserve and protect public lands, saying the "vast majority" of the rule isn't allowed under state and federal law because of how it prioritizes "ecosystem resilience" over longtime policies.
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July 25, 2024
DP World Wins OK Of $194M Award Against Djibouti
A D.C. federal judge entered a $194.3 million judgment against the Republic of Djibouti, enforcing an arbitration award secured by a Dubai-based port terminal operator in a long-running legal battle over an international container terminal in the East African country.
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July 25, 2024
NJ Town's Challenge To County Tax Table Can Proceed
A New Jersey town may continue challenging a county's 2024 equalization table, the New Jersey Tax Court ruled, rejecting the county's argument that the town waited too long to make the challenge.
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July 25, 2024
Ohio Church Too Late For Retroactive Tax Refund, Board Says
An Ohio church cannot be refunded for a retroactive property tax exemption for 2014 through 2016 because the state tax commissioner only has the authority to issue refunds for up to three years, the state Board of Tax Appeals ruled.
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July 24, 2024
Ohio Chicken Farm Ruled Overvalued By County
An Ohio chicken farm was overvalued by the local tax board, the state board of tax appeals said, after taking into consideration an appraisal by the owner that valued the property based on its special use as a hatchery.
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July 24, 2024
IRS Sets Criteria For Carbon Capture Credit Life Cycle Report
The Internal Revenue Service detailed standards and procedures Wednesday for a written report on a carbon sequestration facility's greenhouse gas emissions that project owners must submit and get agency approval on before claiming the carbon oxide tax credit.
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July 24, 2024
Affordable Housing Pro Moves Practice To Nelson Mullins
An attorney who specializes in advising clients on completing affordable housing development projects has recently moved her practice to Nelson Mullins Riley & Scarborough's Pittsburgh office.
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July 24, 2024
Polsinelli Gains Real Estate Finance Pro In DC From Sidley
Polsinelli PC announced Wednesday that it has continued to deepen its real estate finance bench with a counsel in Washington, D.C., who arrived from Sidley Austin LLP.
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July 23, 2024
Bannon To Face Border Wall Trial After Release From Prison
Steve Bannon's New York trial on charges that he stole donor money earmarked for a wall along the southern U.S. border will begin on Dec. 9, a month and a half after the former Donald Trump adviser is released from prison on a separate contempt of Congress conviction.
Expert Analysis
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Key Elements Of NY Agencies' Renewable Energy Plan: Part 2
A proposal from two New York energy agencies that would significantly restructure the state's clean energy market could result in major impacts for load-serving entities and new economic opportunities for disadvantaged communities, says Kevin Blake of Phillips Lytle.
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Key Elements Of NY Agencies' Renewable Energy Plan: Part 1
The framework for decarbonizing the power system set out in a new white paper from two New York energy agencies will require big changes to the state's Clean Energy Standard procurement structure, and could have major consequences for biofuels, hydropower and other energy sectors, says Kevin Blake at Phillips Lytle.
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Mass. Solar Incentive Restrictions Make Site Scrutiny Crucial
In light of the Massachusetts Department of Energy Resources' recent rule changes restricting incentives for solar development on ecologically sensitive greenfield sites, landowners and solar developers should assess target properties carefully before building, say attorneys at Beveridge & Diamond.
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Mass. Court Deadline Tolling Will Cause Problems For Years
While Massachusetts' 106-day tolling period for all civil statutes of limitations ends Tuesday, the pandemic-related pause will complicate calculation of limitations periods and have ripple effects in many jurisdictions for years to come, says Christian Stephens at Eckert Seamans.
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FERC Rehearing Reg Poses New Challenges For Pipelines
A recent Federal Energy Regulatory Commission regulation, precluding construction for previously approved pipelines until timely filed rehearing requests are addressed, may impose unnecessary delays on the construction of critical energy infrastructure already found to be in the public interest, say attorneys at Sheppard Mullin.
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Enviro Settlements Offer Solution To Growing Citizen Suit Risk
Declining federal environmental enforcement may spur more lawsuits by citizens groups — making it more important than ever for companies to seek early resolutions through negotiated settlement framework agreements, say Heidi Friedman and Joel Eagle at Thompson Hine.
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5th Circ.'s Windstorm Ruling Holds Silver Lining For Insureds
Although the Fifth Circuit recently barred recovery in Pan Am Equities v. Lexington Insurance, its decision may be an overall win for policyholders by affirming that rain and flood damage can trigger windstorm coverage, says Tae Andrews at Miller Friel.
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Calif. Vapor Intrusion Guidance Promises More Consistency
The draft guidance on vapor intrusion released recently by a group of California environmental agencies should help address confusion resulting from varying approaches to vapor investigation and remediation used by different state regulators, says Laurie Berger at Environmental General Counsel.
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Superfund Ruling May Increase Landowners' Cleanup Liability
The U.S. Supreme Court's ruling in Atlantic Richfield v. Christian featured an expansive interpretation of property owners' liability for hazardous substances that come to be located on their land, and will have far-reaching implications for those whose property has been contaminated by offsite sources, say attorneys at Haynes and Boone.
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Remote Notarization Is A New Virtual Frontier For Mass.
Massachusetts' new law allowing for online execution of notarized documents leaves several unanswered questions regarding its requirement for all participating parties to be located within the state, potentially setting up for future litigation, says Katie Von Kohorn at Casner & Edwards.
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How To Assess Accounting Materiality Amid Economic Crisis
Companies weathering the economic fallout of COVID-19 should consider three data-driven quantitative methods to help evaluate accounting materiality claims, particularly in cases where traditional factors fail to establish whether an error was material, and where data exists on comparable revision versus restatement decisions, say consultants at The Brattle Group.
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COVID-19, Eminent Domain And Determining Compensation
Paul Kiernan at Holland & Knight discusses how to determine whether a government action taken in response to the pandemic that causes a property owner's loss can be characterized as an exercise of police power, or an exercise of eminent domain that would require compensation from the government.
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Fracking Decision Strengthens Precedent On Forced Pooling
A Colorado federal court's ruling last month in Wildgrass Oil & Gas Committee v. State of Colorado joins several recent decisions confirming that forced pooling of mineral interests is legal in the context of hydraulic fracturing, says Russell Gips at Copeland & Rice.