Real Estate Law News. Crime Stories, Law on News and Legal Publications in February, 2012

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Southaven investigation halts city business
WMC-TVFebruary 1, 2012

SOUTHAVEN, MS- (WMC-TV) – After saying he would not step down, Southaven Mayor Gregg Davis was at work Tuesday while the investigation into his spending has put all city business on hold. When state and federal law enforcement agencies honed in on ...more »

Facebook Lawyers Want 'Stratospheric' Fee, Ceglia Claims
San Francisco ChronicleFebruary 1, 2012

In the suit, Ceglia claims he has a 2003 contract signed by Facebook co-founder Mark Zuckerberg that gave him half-ownership of the company, now worth an estimated $74.3 billion, according to Sharespost.com, which tracks nonpublic companies.more »

Real Estate Law News and Stories

Building Codes
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School Board Hopes To Shrink Funding Gap
WINA AM 1070February 2, 2012

The county says it's the result of a continued softening of the local real estate market as well as nationwide. The lawyer fighting the city panhandling ordinance has decided to appeal. Members of the Albemarle School Board are hoping Superintendent ...more »

Industrial Development Issues
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Kansas Governor Announces Appointments to Commissions and Boards
Kansas City infoZineFebruary 1, 2012

Stephen Hughes, of Overland Park, is President and CEO of Hughes and Company Real Estate Appraisal. The company focuses on residential subdivisions and golf courses. Hughes earned his MBA from the University of Kansas in 1977.more »

Commercial Real Estate
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Real Estate Roundup: Firms Trading Spaces in Atlanta, Chicago, and New York
The American LawyerFebruary 1, 2012

On its Web site, Wilson Elser describes the 12-year-old Westchester office—which houses 150 attorneys across such practice areas as professional liability, products liability, intellectual property, environmental, and corporate law—as "more than just ...more »

Mechanic's Liens
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Another Mamtek lawsuit filed
Moberly Monitor IndexFebruary 3, 2012

By Benjamin Herrold/news@moberlymonitor.com The owner of a Macon crane service company has filed a mechanic's lien against Moberly's Industrial Development Authority and Mamtek US, one of at least six liens filed in relation to the failed artificial ...more »

Hong Kong Homes Face 25% Drop in Year of the Dragon: Mortgages
San Francisco ChronicleFebruary 1, 2012

Mortgages that need to be insured by the government because of risk experienced the steepest plunge in six years in 2011, a sign the biggest home price decline since the global credit crisis is accelerating. Property prices that have slid 6 percent ...more »

Construction Contracts & Disputes, Boundaries
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Sansom businesses rejoice end of Law School construction
The Daily PennsylvanianFebruary 1, 2012

By Huizhong Wu · January 31, 2012, 8:23 pm Some business owners on Sansom Street will heave a sigh of relief when the construction trucks drive away from Golkin Hall for the final time. The Law School's Golkin Hall — which opened Jan.more »

Reits And Limited Partnerships
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Fitch Rates Ventas, Inc.'s $600MM 4.25% Senior Unsecured Notes Due 2022 'BBB+'
Business Wire (press release)February 3, 2012

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB+' rating to the $600 million aggregate principal amount 4.25% coupon senior unsecured notes due 2022 issued by the operating partnership of Ventas, Inc. (NYSE: VTR), Ventas Realty, Limited...more »

Construction Litigation
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Judicial solution for the buggery law
Jamaica GleanerFebruary 5, 2012

For other Commonwealth Caribbean countries, existing laws are those which existed before the constitution of the particular country came into being. It would appear that the presence of the savings law clause in the charter is intended to prevent local ...more »

Residential Real Estate
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Report: Foreclosures keep Portland-area home prices down
Portland TribuneFebruary 2, 2012

By Steve Law Portland-area home sale prices in December were 2.4 percent lower than a year earlier, and they were 3.4 percent lower in November than the prior November, according to CoreLogic, a Santa Ana, Calif., real estate information company.more »

Eminent Domain
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Letter: Poor comparison of 2004 bill to HB 1039
Historic City NewsFebruary 2, 2012

School districts and universities are required to participate in inter-local agreements, and both have the power of eminent domain. Wiles' bill would have forced the school to engage in inter-local agreements but omitted any reference to eminent domain...more »

Restrictive Covenant Injunctions
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Raymond James wins High Court litigation on restrictive covenants
Post OnlineFebruary 15, 2012

International law firm Faegre Baker Daniels LLP has successfully defended its clients, Raymond James and seven former Edward Jones financial advisors, in a high-value High Court restrictive covenant claim, resulting in all claims being dismissed and ...more »

Foreclosure
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Third suspect charged as hundreds remember slain activist Lenny Harris
Washington PostFebruary 7, 2012

The men arranged to meet with Harris one night in September, according to law enforcement sources, but authorities say it was a set-up for a robbery. Investigators think Harris was forced into a stolen van, bound with duct tape and driven to a vacant, ...more »

Title Litigation
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Facebook's popularity brings lawsuits, stocks up for Google fight
Oman Daily ObserverFebruary 3, 2012

In its filing with the Securities and Exchange Commission, Facebook hinted at some of the legal tangles ahead, writing that it is already embroiled in litigation and anticipates “numerous” more lawsuits in coming years. “We are currently, and expect to ...more »

Hotel Reit Practice
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Mitt Romney, 'welfare queen'
Aljazeera.comFebruary 1, 2012

But making the law more creditor friendly to protect against asset-stripping should also be considered, Baker said. "The original leveraged buyout firms saw that there were no laws against companies taking out loans to finance their own sales, ...more »

Zoning Regulations, Land Use
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Proposed rules governing composting inching ahead
Bennington BannerFebruary 2, 2012

SHAFTSBURY -- Proposed rules governing commercial composting inch forward at both the local and state level. Involved in both processes in Shaftsbury and Montpelier are local residents concerned about such facilities' potential impacts in the absence ...more »

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Renee S BloomAttorney at LawPRACTICE AREA: Real Estate Law, Bankruptcy Law, Business Law, Industrial Development Law
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