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

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Moody's Cuts Argentine Oil Companies on Capital Control Law
BusinessWeekNovember 1, 2011

The foreign currency rating of Pan American Energy LLC's Argentine unit was reduced one step to Ba3, three levels below investment grade, according to a statement. Moody's also cut Petrobras Argentina SA, a unit of Brazil's state-controlled oil company ...more »

Closing arguments wrap in Spokane police case
Atlanta Journal ConstitutionNovember 1, 2011

Federal prosecutors said a police officer used his badge as a license to brutally beat a citizen who posed no threat, but his lawyer countered in closing arguments Monday that the force veteran was only responding to a perceived threat as his training ...more »

Real Estate Law News and Stories

Building Codes
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Firms turning to environmental law to combat rivals
Los Angeles TimesNovember 14, 2011

When the developer Urban Partners proposed erecting a new complex to house 1600 students, Conquest sued under California's landmark environmental law. It then filed similar challenges to unrelated Urban Partners projects elsewhere in the state. ...more »

Industrial Development Issues
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GovWin Recon: Nov. 3: Reactions to OFPP Head Departure; DOD Industry
govWin (blog)November 3, 2011

OFPP's Gordon says goodbye to government service [Washington Technology] - Office of Federal Procurement Policy (OFPP) Administrator Dan Gordon is leaving his post at the end of the year to become associate dean of government procurement law studies at ...more »

Commercial Real Estate
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U.S. News - Best Lawyers Ranks Akerman Senterfitt Among "Best Law Firms ...
Sacramento BeeNovember 1, 2011

As part of this year's Best Law Firms rankings, Akerman was named US News - Best Lawyers "Law Firm of the Year" in Litigation - Real Estate. For the first time, one law firm in each of the practice areas ranked nationally received the prestigious 2011 ...more »

With Rivals On Sidelines, Radian Expects Big Jump In Sales
Wall Street JournalNovember 1, 2011

Ibrahim said the company had added nearly 300 new customers this year, including credit unions, community banks and independent mortgage lenders. Mortgage insurance reimburses lenders when homeowners can't pay their mortgages.more »

Reits And Limited Partnerships
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Modernization of Prepayment Rights under Interest Act
BlakesNovember 9, 2011

Although individuals or other non-corporate entities (such as a partnership or a REIT) might be the beneficial owners of real property, if they arrange to conduct their business through a nominee corporation which signs the mortgage as mortgagor, ...more »

Construction Contracts & Disputes, Boundaries
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Colluding builders fined $1.3 million
Brisbane TimesNovember 2, 2011

Three Queensland-based building firms have been fined a combined $1.3 million for undermining competition by discussing contract prices before tendering on government construction projects. The nation's competition watchdog took action against Woollam ...more »

Residential Real Estate
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Ocean Shore Holding Co. Reports 3rd Quarter Earnings
MarketWatch (press release)November 2, 2011

Non-performing assets consisted of fourteen residential mortgages totaling $4.4 million, two commercial mortgages totaling $240000, two commercial loans totaling $118000, three consumer equity loans totaling $264000 and two real estate owned properties ...more »

Construction Litigation
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Newly unemployed swell workload as legal services struggle to keep up
Annapolis CapitalNovember 6, 2011

Consumer collection cases, including default on debt, wage garnishments and Social Security attachments, have jumped 30 percent. Public benefits cases increased 156 percent, and food stamp cases grew by 72 percent. And that's not counting people who ...more »

Restrictive Covenant Injunctions
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Middle East North Africa Financial NetworkNovember 10, 2011

The loan agreement contains certain restrictive financial covenants with respect to total equity, debt-to-equity and debt coverage that must be maintained by the Company on a quarterly basis. As of September 30, 2011, the Company was in compliance with ...more »

Eminent Domain
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Pennichuck sees earnings dip
New Hampshire Business ReviewNovember 8, 2011

... thanks to a state Public Utilities Commission ruling that allowed Pennichuck to pass on to customers some of the costs it had in dealing with the company's dispute over Nashua's attempt to take over the utility by eminent domain. ...more »

Title Litigation
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Pow! Ousted 'Spidey' Director Files Copyright Lawsuit
Wall Street Journal (blog)November 9, 2011

It was inevitable that the $75 million Broadway musical “Spider-Man: Turn Off the Dark” would generate litigation. Law Blog thought (hoped) it would look something like this. But we've got something even better: a copyright lawsuit by ...more »

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Police: Man may be scamming renters
KRQENovember 11, 2011

"It appears some of these homes are going on foreclosure or short sales, and (Anaya is) going in there without a contract and basically renting these homes out," said Sgt. Pat Ficke with the Albuquerque Police Department. Police responded on Nov. ...more »

Zoning Regulations, Land Use
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In-town drilling can't be blocked, but cities can use zoning to limit oil and ...
Denver PostNovember 3, 2011

The issue will be how compatible our rules will be with the state oil and gas regulations." Fort Collins officials aware of intensified drilling in their area are discussing the possibilities, deputy city attorney Carrie Daggett said. ...more »

Hotel Reit Practice
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BRE Properties Reports Third Quarter 2011 Results
MarketWatch (press release)November 1, 2011

BRE Properties is a real estate investment trust (REIT) listed in the S&P MidCap 400 Index. For more information on BRE Properties, please visit our website at . "Safe Harbor" Statement under the Private Securities Litigation ...more »


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