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

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Court further confirms rights of mortgagees under Maltese law
International Law OfficeFebruary 1, 2012

Through the court-approved private sale, the law seeks to support the mortgagee and other creditors of a defaulting owner by ensuring the best price for the vessel (which is associated with a private sale and not a judicial sale by auction), ...more »

Bill to require more transparency in ballot measure advertising moves forward
Northwest Progressive Institute Official Blog (blog)February 1, 2012

HB 2499 would require advertising for or against ballot measures in Washington to include the name and address of the entity paying for the advertising; entities that are political committees would also have to disclose the names of their top five ...more »

Real Estate Law News and Stories

Building Codes
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Jones Day boosts real estate practice with 2 former Simmons & Simmons hires
Legal Business OnlineFebruary 2, 2012

By Shaheen Pasha | Thursday, 2 February 2012 International law firm Jones Day has nabbed former Simmons & Simmons real estate head Duane Keighran and senior associate David Weir, as it looks to expand its Dubai office and bolster its real estate and ...more »

Industrial Development Issues
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Most Galilee factories don't meet clean air standards
Jerusalem PostFebruary 2, 2012

The group published its third annual report this week in a series called “Industrial Silence,” in which it examined 30 factories in the North for 2009-2010 and determined whether these industries are meeting environmental standards as stipulated by law...more »

Commercial Real Estate
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Segway real estate team are breaking the law
New Zealand HeraldFebruary 12, 2012

Agents at inner-city real estate agency James Law Realty are being asked by the company to use Segways instead of driving to get around the CBD traffic. Auckland Transport spokeswoman Sharon Hunter said it was also illegal for drivers to operate them ...more »

Mortgage Rates Plumb New Lows
Wall Street JournalFebruary 2, 2012

By MIA LAMAR Average mortgage rates in the US dropped to more record lows over the past week, according to Freddie Mac's weekly survey of mortgage rates, after data on the nation's economic growth fell short of market forecasts.more »

Reits And Limited Partnerships
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CNA Financial Q4 Profit Declines, Adj. Earnings Match Estimates - Update
NASDAQFebruary 6, 2012

Pre-tax net investment income for the quarter decreased $101 million from the prior year, mainly due to a significant decrease in limited partnership income. Limited partnerships income was $16 million, compared to $113 million reported a year ago.more »

Construction Contracts & Disputes, Boundaries
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SD Gov. Dennis Daugaard says suspension of incentive law harms business ...
The RepublicFebruary 2, 2012

Dennis Daugaard says the suspension of a new business incentive law could harm South Dakota 's efforts to recruit new business es and help existing companies expand. Current South Dakota law gives tax refunds to large construction projects, ...more »

Residential Real Estate
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Rent regulation ruling cannot be used to scuttle deal: court
Thomson Reuters News & InsightFebruary 3, 2012

NEW YORK, Feb 3 (Reuters) - A real-estate firm cannot back out of a $6.2 million deal for an Upper East Side apartment building after a court ruled that several of the building's rental units had been wrongly converted from stabilized rent to ...more »

Construction Litigation
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Law Firm Cranfill Sumner & Hartzog LLP Names Three New Partners
DigitalJournal.com (press release)February 3, 2012

Since graduating from law school at the University of North Carolina at Chapel Hill in 2003, Ginger Hunsucker has been practicing defense litigation at Cranfill Sumner & Hartzog with significant experience in medical malpractice and professional...more »

Restrictive Covenant Injunctions
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SJ Berwin to rewrite partnership deed to include cross-selling
The LawyerFebruary 20, 2012

The main obstacle to the potential introduction of the restrictive covenant is said to be the difficulty of introducing the change in international offices where the legal environment is different.more »

Eminent Domain
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Arlington Wary of Eminent Domain Amendment
ARL nowFebruary 15, 2012

The amendment would make it harder for governments to seize private property via eminent domain. It specifies that property may only be taken for public uses, and not for the purpose of economic development. It would also provide property owners with ...more »

Title Litigation
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7 Deadly Sins of Document Review
Law.comFebruary 1, 2012

Doing so requires taking responsibility for what's often the biggest cost-center in modern-day litigation. Legal budgets are tighter than they have been in years, so it's important to make every day and every dollar count. The attorney's first priority ...more »

Foreclosure
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Crime & Courts
The Journal News | LoHud.comFebruary 4, 2012

The group told victims, who they found through notices of public auction and foreclosure, that they could transfer their deeds to an investor, who would hold the titles while they saved money to reclaim their homes. But once the “investor” took title, ...more »

Zoning Regulations, Land Use
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Parish Accused Of Limiting Housing For African-Americans
WDSU New OrleansFebruary 1, 2012

It involves ordinances and zoning regulations enacted under previous administrations. The lawsuit, filed by the Department of Justice late Tuesday, said the parish set up a difficult approval process for single-family rentals, eliminated multifamily ...more »

Hotel Reit Practice
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A New Alternative For Real Estate Investors
ForbesFebruary 2, 2012

Over 50 years ago, President Dwight D. Eisenhower signed legislation that enabled small investors to make investments in large-scale, significant income-producing real estate. This law, named the REIT Act, combined the attributes of mutual funds and ...more »

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The Zoning of America: Euclid v. Ambler (Landmark Law Cases and American Society)The Zoning of America: Euclid v. Ambler (Landmark Law Cases and American Society)
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Patrick M McGeehanAttorney at LawPRACTICE AREA: Industrial Development Law
Frank C NortonAttorney at LawPRACTICE AREA: Real Estate Law, Business Law, Trusts & Estate Planning, Industrial Development Law