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The Legal Intelligencer

Wholesale Real Estate Transaction Transparency and Protection Act Takes Effect Jan. 4: What You Need to Know

On July 8, 2024, Gov. Josh Shapiro signed Act 52—the Wholesale Real Estate Transaction Transparency and Protection Act—into law, which requires real estate wholesalers to obtain licensing and grants additional protections to property owners in wholesale transactions.
4 minute read

Daily Business Review

A Key Deadline and Other Developments Looming for Condominiums

As we approach the end of 2024, several legal and economic developments are coming to a head for condominiums. From a key statutory deadline and long-awaited court rulings to an imploding market for older condominium units, here is what to watch for in the coming months as Florida’s condominiums try to balance new safety mandates against hard economic realities.
7 minute read

The Legal Intelligencer

Phila. Jury Awards $15M to Woman Who Slipped on Apartment Building Stairs

The jury determined Dec. 20 that the building’s owner and property manager were responsible for the plaintiff’s injuries, despite the defendants’ arguments that they had only taken charge of the building two weeks before the accident.
4 minute read

The American Lawyer

Davis Polk Expands California Footprint

The new Northern California office is 31% bigger than the firm’s previous one.
4 minute read

Corporate Counsel

Ex-Red Robin CLO Joins Norton Rose Fulbright After Helping Sell Latest Employer for $4.9 Billion

Michael Kaplan "possesses robust general counsel experience and deep knowledge of the consumer markets industry," Norton Rose Fulbright Global Managing Partner Jeff Cody said.
2 minute read

New York Law Journal

Mall of America Dealt Another Blow in Quest to End $10-Per-Year Lease With Sears

The U.S. Court of Appeals for the Second Circuit said Bankruptcy Code Section 365(d)(4) doesn’t require the return of Sears’ lease, as various aspects of the deal indicated that Sears was acting as the owner of the property.
3 minute read

New York Law Journal

Real Estate Group Moves to Dismantle NYC's Broker Fee Ban

Represented by Hogan Lovells, REBNY argued that the Fairness in Apartment Rental Expenses Act’s mandate blocking brokers from passing their fees to tenants will “effectively eliminate” brokers’ rights to advertise open properties.
3 minute read

New York Law Journal

Binding a Successor Town Board; Default on Stipulation of Settlement: This Week in Scott Mollen’s Realty Law Digest

Scott Mollen discusses “Hudson View Park Co. v. Town of Fishkill,” and “424 Broadway LLC v. Empire Cannabis Clubs.”
15 minute read

Daily Business Review

Bankruptcy Sales: Finding a Diamond in the Rough

There is no efficient market for the sale of bankruptcy assets, and inefficient markets yield a transactional drag that can potentially dampen the ability of debtors and trustees to maximize value for creditors. For instance, I often identify bankruptcy asset sales for my investor clients who may not be aware of such opportunities.
6 minute read

Daily Business Review

Applying Neuroscience to Real Estate Development to Address Our Growing Need for Improved Well-Being

Applying principles from neuroscience that have already proved effective in other industries provides an opportunity to design homes and communities that actively support well-being and connection.
10 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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