Real Estate Law News. Crime Stories, Law on News and Legal Publications in November, 2011

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Goldman buys real estate portfolio from Lehman
MSN MoneyNovember 1, 2011

The sale was previously approved by the bankruptcy court in August. The portfolio is comprised of 10 buildings representing 3 million square feet of space and 30 percent of all commercial real estate in Rosslyn, Va. Monday Properties, which originally ...more »

Attorney General Kamala Harris to Round Up Homeless Sex Offenders Tonight
SF Weekly (blog)November 1, 2011

In compact San Francisco, the law has meant that the parolees can't live anywhere indoors at all, and have instead been living in vans, on a series of couches, or on the street. In today's press conference, state adult parole director Robert Ambroselli ...more »

Real Estate Law News and Stories

Building Codes
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DBSI trustee sues Foley & Lardner for cheating investors
Thomson Reuters News & InsightNovember 3, 2011

Nov 2 (Reuters) - The trustee for a bankrupt real-estate investment company has sued Foley & Lardner, claiming that the law firm helped orchestrate a Ponzi scheme that cheated investors out of hundreds of millions of dollars. Filed Monday in Delaware ...more »

Industrial Development Issues
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Fair Work laws stoked Qantas war, says union head Tony Sheldon
The AustralianNovember 2, 2011

Mr Sheldon said his union had struck some job security agreements under Work Choices but they had been done through common law contracts and with the agreement of an employer. Mr Knott said the good faith bargaining provisions of the Fair Work Act gave ...more »

Commercial Real Estate
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Co-op and Condo Boards in the Age of Transparency
CooperatorNovember 1, 2011

Under the BCL case law, that is, judges' interpretation of the law as determined by their ruling on cases brought before them in court, any shareholder is allowed to review the corporation's other books and records, so long as the inspection is sought ...more »

Mechanic's Liens
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Manager of failed Timnath development seeks payment
The ColoradoanNovember 19, 2011

Byerly placed a mechanic's lien - the legal term for his request for payment - on the property, and Judge Julie Field had a two-day trial this week to decide whether he should get the money. She's due to rule on the case next month. ...more »

HSH.com Weekly Mortgage Rate Radar: Mortgage Rates Steady But Expected to Fall ...
San Francisco Chronicle (press release)November 2, 2011

HSH.com releases its latest Weekly Mortgage Rate Radar showing a tiny drop in mortgage rates from the previous week. The Weekly Mortgage Rate Radar reports the average rates and points offered by lenders for the two most popular types of mortgages, ...more »

Construction Contracts & Disputes, Boundaries
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Vue buyers win could affect future condo projects
Charlotte ObserverNovember 3, 2011

Many developers pre-sell units before construction starts, as was the case with the Vue. The Vue had argued that it did not deserve to be "penalized" for its failure to include a recordable legal description in the parties' contract of sale. ...more »

Reits And Limited Partnerships
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WorkSpace Communications(TM) and AltiGen Communications, Inc. Partner to ...
MarketWatch (press release)November 4, 2011

However, actual results could differ materially as a result of unknown risks and uncertainties, including but not limited to, risks related to AltiGen's limited operating history. For a more detailed description of these and other risks and ...more »

Construction Litigation
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Uneven Split of Home Value Acceptable When Unmarried U.K. Couples Part
BloombergNovember 9, 2011

Kernott had sought half of the value of the home, which was purchased for 30000 pounds ($47853) in 1985 and valued at 245000 pounds in April 2008, when the case went to trial. Kernott had moved out of the home in 1993. The Supreme Court judgment ...more »

Residential Real Estate
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Huntingdon Real Estate Investment Trust Prices $40 Million Public Offering of ...
Canada NewsWire (press release)November 3, 2011

... applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws. HREIT is a real estate investment trust which is listed on the Toronto Stock Exchange under the symbols HNT.UN (Trust Units) and HNT.DB. ...more »

Eminent Domain
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Morning Notes
ARL nowNovember 25, 2011

... while Pentagon City mall will be open from 5:00 am to 10:00 pm Eminent Domain Change Proposed — A proposed amendment to the Virginia Constitution would make it harder for localities to seize private property under eminent domain laws. ...more »

Title Litigation
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Hartline Dacus Barger Dreyer LLP Adds Nine New Attorneys from Houston Law Firm
PR Web (press release)November 1, 2011

Mr. Lyman has tried over 250 cases to verdict since he began practicing law in 1972. He has been Board Certified in Personal Injury Trial Law by the Texas Board of Legal Specialization for more than thirty years. He has an AV (“Preeminent”) peer review ...more »

Foreclosure
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Queens PI convicted of raping ex, then setting her up
New York PostNovember 23, 2011

“I didn't see my daughter, I lost my business, my home went into foreclosure, my mother got sick,” Sumasar told jurors last week. “I didn't know what I was charged with until the arraignment.” Sumasar was falsely accused of impersonating a police ...more »

Zoning Regulations, Land Use
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Fawn supervisors map plans for Marcellus shale drilling
Tarentum Valley News DispatchNovember 2, 2011

They can't say when, but township supervisors plan to pass an ordinance regulating Marcellus shale drilling. Officials said the ordinance will take certain zoning considerations into account, ...more »

Hotel Reit Practice
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Hungary expected to produce 1-3 REITS in next two years
PropertyEUNovember 11, 2011

Hungary is the third country in CEE to introduce a REIT system. Bulgaria and Lithuania are the other two REIT countries in the region. Under the Hungarian legislation, a REIT has to be listed on the stock exchange. It would be exempt from corporate tax ...more »

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