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

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WCBI Investigation results in arrest of McDonald's employee for theft
WGMD RadioNovember 1, 2011

A month-long investigation into an internal theft at the McDonald's on Racetrack Road in Berlin has resulted in the arrest of an employee. The Worcester County Bureau of Investigations began investigating the theft in late December. ...more »

European venture deals hit 11-year low
Financial NewsNovember 1, 2011

European venture capital investment has fallen to its lowest quarterly level since the dot-com crash, according to Dow Jones VentureSource, despite hopes that the region's venture industry is set for a growth spurt. The number of venture deals in the ...more »

Real Estate Law News and Stories

Building Codes
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Brookstone Law, PC: Obama's Housing Plan Is a Red Flag for Homeowners Seeking ...
San Francisco Chronicle (press release)November 6, 2011

... Fla., Brookstone Law, PC is a law firm comprised of attorneys with experience and success in business, corporate and personal finance, employment, entertainment and media, art and museum, intellectual property and real estate law. ...more »

Industrial Development Issues
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Qantas chief: law change threatens airline
AFPNovember 4, 2011

The inquiry was called after Qantas announced an Asia-focused restructuring in August, which has led to a bitter industrial dispute that culminated in Joyce ordering all his aircraft out of the skies on Saturday. Qantas services only returned to normal ...more »

Commercial Real Estate
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Attorney Alejandro Padua and his Team Solve a Complex Commercial Real Estate Issue
The Open Press (press release)November 9, 2011

Alejandro L. Padua reviewed the lease agreement with the existing tenant and noticed that the five year renewal option HAD TO BE EXERCISED IN WRITING. After thoroughly investigating the facts surrounding the renewal, it was apparent that Tenant had not ...more »

Mechanic's Liens
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Mountain Law: Risks with buying bank-owned real estate
Summit Daily NewsNovember 30, 2011

The title company will issue the policy on standard “ALTA” forms (that are generally acceptable to real estate practitioners) and agree to provide “extended coverage” for common title risks such as unrecorded easements, mechanics' liens, ...more »

Michael Bloomberg: 'It Was Not The Banks That Created The Mortgage Crisis' [WATCH]
Huffington PostNovember 1, 2011

It was not the banks that created the mortgage crisis. It was, plain and simple, Congress who forced everybody to go and give mortgages to people who were on the cusp." Former New York Mayor Ed Koch, who was also at the breakfast, took issue with ...more »

Construction Contracts & Disputes, Boundaries
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Three Queensland construction companies nailed for illegal collusion
Property ObserverNovember 8, 2011

Company A does not want to win the contract for reasons identified above and so asks company B (which intends to make a genuine tender) to provide them with a “cover price”. Both companies understand that this “cover price” will be higher than company ...more »

Reits And Limited Partnerships
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Given Imaging Initiates Pivotal Trial in Japan; Apricus'S NexACT Partner...
BioMedReports (subscription)November 16, 2011

Apricus Biosciences, Inc. (Nasdaq: APRI) announced its NexACT® out-licensing partner, Exodos Life Science Limited Partnership, a privately-held company located in Chapel Hill, North Carolina, has completed a successful pre-IND meeting with the US Food ...more »

Construction Litigation
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Priest Lake couple's land dispute with EPA going to high court
The Spokesman ReviewNovember 6, 2011

The Pacific Legal Foundation has argued other wetlands cases before the US Supreme Court. In the 2006 Rapanos v. US case, the foundation represented a Michigan developer who filled in wetlands to build a shopping mall. The foundation's attorneys argued ...more »

Residential Real Estate
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Court sides with Norwell hairdresser in real estate dispute
The Patriot LedgerNovember 10, 2011

In a decision released Wednesday, a divided Appeals Court overturned a lower court's decision to throw out Daniel DeWolfe's lawsuit against a Hingham real estate broker. The Appeals Court said the judge had misinterpreted case law. ...more »

Eminent Domain
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Wichita School Board votes to use eminent domain around North High School
KWCHNovember 15, 2011

by Michael S KWCH 12 Eyewitness News The Wichita School Board voted in executive session Monday night to support using condemnation (eminent domain) to take over 10 properties around North High for expansion. The vote was 7 - 0. ...more »

Title Litigation
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The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Sonesta ...
SunHerald.comNovember 4, 2011

DALLAS -- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Sonesta International Hotels Corporation (“Sonesta” or SNSTA”) (NASDAQ: ...more »

Foreclosure
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Bed-Stuy Real Estate Showing Signs of Strength, Weakness
The Brooklyn InkNovember 12, 2011

A high sales volume and rising prices have made the neighborhood a stronghold in northern Brooklyn's real estate market, while foreclosure rates well above New York City and Brooklyn averages continue to limit progress. “Bed-Stuy is an anomaly,” said ...more »

Zoning Regulations, Land Use
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County Commission amends subdivision regulations, zoning
El Dorado TimesNovember 2, 2011

At their Tuesday meeting, the Butler County Commissioners discussed then approved several changes to the county's zoning and subdivision regulations. "This is the culmination of some issues we've been discussing," said planning and zoning director Rod ...more »

Hotel Reit Practice
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RioCan Real Estate Investment Trust Announces 14% Increase in Operating FFO ...
MarketWatch (press release)November 7, 2011

Operating FFO was offset by increased general and administrative costs of $2 million, and a $6 million increase in interest expense during the Third Quarter due to higher debt levels as a result of acquisitions. For the nine months ended September 30, ...more »

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