Real Estate Law News. Crime Stories, Law on News and Legal Publications in May, 2017

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Utility Proposal Would Increase Legacy Costs for California CCAs
RTO InsiderMay 1, 2017

The proposal — filed jointly by Pacific Gas and Electric, Southern California Edison and San Diego Gas & Electric — calls for the California Public Utilities Commission to adopt a new approach to apportioning the utilities' costs for energy contracts ...more »

Six in custody in connection with Bloomington homicide
TwinCities.com-Pioneer PressMay 1, 2017

Police arrested a two more people Sunday in connection with a shooting death last week at a Bloomington apartment. Related Articles. 'Hope she understands': Driver hits kids in crosswalk as St. Paul pedestrian tally mounts. Officers called to an ...more »

Real Estate Law News and Stories

Building Codes
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Implement real estate law in letter and spirit, says Naidu
Times of IndiaMay 1, 2017

NEW DELHI: Concerned about the dilution in real estate regulation rules by states and in contravention of the central Act, Union housing minister M Venkaiah Naidu on Monday wrote to all chief ministers asking them to ensure that the law is implemented ...more »

Mechanic's Liens
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Rockford's Clock Tower Resort sold for more than $3M
Rockford Register StarMay 4, 2017

Smith said his clients intend to pay the hotel's outstanding water and sewer bills today , restore utility service to the property as soon as possible and that they'd be responsible for the building code fines and any other mechanics liens associated ...more »

Commercial Real Estate
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Apollo Commercial Real Estate Finance, Inc. Reports First Quarter 2017 Financial Results
Yahoo FinanceMay 2, 2017

“ARI has had a strong start to 2017, closing over $525 million of new commercial real estate loan transactions year to date,” said Stuart Rothstein, Chief Executive Officer and President of ARI. “In addition, ARI expanded both of the Company's primary ...more »

Mortgage rates move higher for Thursday
Bankrate.comMay 11, 2017

Multiple key mortgage rates climbed today. The average rates on 30-year fixed and 15-year fixed mortgages both moved up. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages also increased. Rates for mortgages are constantly ...more »

Reits And Limited Partnerships
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Noble Eyes Marcellus Exit With $765M Midstream JV Sale
Law360 (subscription)May 18, 2017

Law360, New York (May 18, 2017, 1:26 PM EDT) -- Noble Energy Inc. on Thursday said that it would sell its stake in a Marcellus Shale midstream joint venture to private equity firm Quantum Energy Partners for $765 million, as the company looks to ...more »

Construction Contracts & Disputes, Boundaries
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Department of Labor letter could have 'significant financial implications'
The Livingston County NewsMay 4, 2017

“This law requires any public agency or public benefit corporation that enters into a public work contract they have to pay one tenth of one percent of the total cost of the contract to this fund,” explained Michelle Baines, the Livingston County Water ...more »

Residential Real Estate
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Real Estate Act comes into effect: 10 things you need to know about new law
Hindustan TimesMay 1, 2017

The Real Estate (Regulation & Development) Act, 2016, the landmark realty law to protect home buyers from unscrupulous developers, will become operational from Monday, nine years after it was conceived. The act was cleared by Parliament in March last ...more »

Construction Litigation
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Dealing with consequential damages from an international perspective
Rental Management MagazineMay 1, 2017

All three countries' laws are significantly more protective of individual consumers. Given these similarities, it also is not surprising that the means of waiving such damages in all three countries are quite similar. The critical issue for contract ...more »

Restrictive Covenant Injunctions
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FCA Issues to Watch: FCA Claims Concerning Physician Compensation
JD Supra (press release)May 5, 2017

The lawsuit resolved allegations that Lexington County Health Services District, Inc. d/b/a Lexington Medical Center (LMC) in West Columbia, South Carolina violated the Stark Law and FCA by acquiring physician practices and employing physicians on ...more »

Foreclosure
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The biggest week for Wall Street banks since 'The Bailout'
The Hill (blog)May 17, 2017

Clayton is someone who has worked with a litany of shady corporations since the bailout: Ally Financial, in connection to a $25 billion settlement due to using illegal foreclosure tactics on American families; Volkswagen, which pled guilty to charges ...more »

Title Litigation
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Airbnb, San Francisco settle lawsuit over short-term rental law
NasdaqMay 1, 2017

(Adds fresh quotes and details on settlement) By Heather Somerville and Dan LevineSAN FRANCISCO, May 1 (Reuters) - Airbnb Inc and the city of San Francisco have settled a year-long lawsuit over a local ordinance forbidding the home-rental company ...more »

Hotel Reit Practice
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Illiquids: Many see potential, but few take action
Pensions & InvestmentsMay 1, 2017

Such hesitation doesn't surprise consultants, who note that the DC industry's focus on daily valuation, liquidity and fees can act as a headwind to adding illiquids. Over the past few years, ... Each of the $553 million plan's nine target-date funds ...more »

Zoning Regulations, Land Use
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Charting Coos' Future: After 30 Years Scrutinizing Zoning Regulations
InDepthNH.org - The New Hampshire Center for Public Interest JournalismMay 4, 2017

By Chris Jensen. For the first time in three decades, the zoning regulations for the unincorporated areas of Coos County are being comprehensively reviewed and updated and by early summer, it is expected that residents will have a chance to comment.more »

Industrial Development Issues
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House schedules a review of Cooper veto of law limiting lawsuits against hog farms
Greensboro News & RecordMay 9, 2017

A sprayer soaks a field with liquefied manure and urine from a large-scale hog farm in Duplin County in 2015. Lawsuits by about 500 rural neighbors of industrial-scale hog farms allege that clouds of flies and intense odors remain a problem nearly a ...more »

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