Commercial
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April 09, 2025
Mich. City Says Pot Co. Can't Challenge Rivals' Licenses
A Michigan city is urging a federal court to throw out a suit by a would-be dispensary alleging that the city violated state law and the Constitution when it awarded its cannabis licenses, saying the company does not have a property right to sell substances that are illegal under federal law.
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April 09, 2025
Miami Offices See Uptick, Despite Decline In Construction
The Miami office market got off to a positive start in 2025 after slowing down last year, although construction activity continued to decline in the sector, according to a new report from global real estate advisory firm Avison Young.
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April 09, 2025
Trade Policy Prompts Fla. 'Wait-And-See' Effect, CBRE Says
Commercial broker CBRE said firms in Jacksonville, Florida's industrial market may be taking a "wait-and-see approach" while digesting changes in trade policy, based on Q1 figures showing the market saw its first quarter of negative absorption since 2019.
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April 09, 2025
Blackstone Clinches $10.8B European Real Estate Fund
Simpson Thacher & Bartlett LLP-advised private equity giant Blackstone on Wednesday announced that it wrapped its latest European real estate fund with €9.8 billion ($10.8 billion) of total capital commitments.
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April 08, 2025
Expedia's Cuban Island Bookings Were Illegal, Jurors Told
A Cuban-American man who says he is the rightful heir to an island off the coast of Cuba that was seized by the Communist government told jurors Tuesday that Expedia illegally trafficked in stolen property by offering reservations for resorts on the island through its website.
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April 08, 2025
NY High Court Probes If State Emissions Cap Preempts City's
New York's highest court questioned Tuesday why the state Legislature did not explicitly state that it meant for a 2019 climate law to preempt a law regulating greenhouse gas emissions that New York City passed earlier that year, amid property owners' challenge to the city law.
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April 08, 2025
Univ. Of The Arts Gets Last Ch. 7 Property Sale Approved
Philadelphia's University of the Arts received the Delaware bankruptcy court's approval Tuesday for its sale of an historic building, the seventh and final real estate sale in the defunct school's Chapter 7 case.
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April 08, 2025
Cushman Atty Transitions In-House As Kidder Mathews GC
Kidder Mathews announced Monday that it has hired Edward Castro, a 30-year corporate attorney with experience in commercial real estate law, as general counsel advising the company and its 19 West Coast offices.
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April 08, 2025
House Panel Tallies Office Waste After DOGE, GSA Scrutiny
Republicans on a U.S. House committee cast the federal government's office footprint as costly, out of date and underused in a Tuesday hearing that came after a federal agency posted and then promptly removed a list of some 440 buildings it described as "non-core" last month.
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April 08, 2025
Contractor's Win In Insurance Fraud Suit Upheld By 6th Circ.
A Sixth Circuit panel affirmed Continental Building Co.'s defeat of a lawsuit that leveled insurance fraud claims at the general contractor, finding a subcontractor failed to trace its losses to Continental's claim that it defaulted on a contract.
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April 08, 2025
Mass. Board Upholds Town's Value Of Commerical Property
An owner of a commercial property in Massachusetts failed to produce comparable sales to substantiate reducing the property's valuation by more than $400,000, the state Appellate Tax Board ruled Tuesday.
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April 08, 2025
Design Co. Denied Exit From Hurricane Subrogation Suit
A design contractor facing a $4 million subrogation action over hurricane damage to commercial HVAC units at an Amazon sorting facility can't rely on notice requirements in Florida's construction defect law, Chapter 558, to argue the plaintiff insurers are statutorily barred from seeking reimbursement, a Florida federal court ruled.
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April 08, 2025
Lowndes Adds Fla. Real Estate Attorney From Shutts & Bowen
The Lowndes law firm announced it had added Jason Williams, a former Shutts & Bowen LLP partner, as an Orlando, Florida-based shareholder in its commercial real estate department.
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April 08, 2025
Battery Park City Authority Hires Ex-CBRE Atty As GC
Former CBRE legal counsel and managing director Elaine Kleinberg has been hired as general counsel for New York state's Battery Park City Authority, the public benefit corporation announced Monday.
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April 08, 2025
Olshan Frome Expands Real Estate Group With New Partner
New York-based Olshan Frome Wolosky LLP has added an experienced real estate partner from Mintz Levin Cohn Ferris Glovsky and Popeo PC, in a move meant to aid in the expansion of the midsize firm's real estate law group.
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April 08, 2025
Rhodium Gets OK For $185M Settlement With Landlord
A Texas bankruptcy judge on Tuesday approved a $185 million asset sale to settle a dispute between Rhodium Encore and its remaining landlord that will allow the bankrupt cryptocurrency miner to wipe out its debt with enough left over to pay shareholders.
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April 07, 2025
VA Plans Office Expansions Amid Federal Leasing Pullback
The U.S. General Services Administration notified Congress of its plans to relocate, expand or consolidate existing U.S. Department of Veterans Affairs medical facility leases to the tune of an extra $205 million annually, even as the federal government sheds leases to cut costs.
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April 07, 2025
DOJ Says Partnerships Can't Wipe Out $4M Tax Lien
Two partnerships cannot use a mortgage sale to foreclose on properties and wipe out the government's $4 million tax lien on a couple's real estate, the U.S. told a Washington federal court.
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April 07, 2025
Honigman Hires Ex-Ice Miller Real Estate Atty In Chicago
Honigman LLP added former Ice Miller LLP partner Michael R. Tirman as a real estate transactions partner in its Chicago office, the firm announced Monday.
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April 07, 2025
Ex-TBS GC Chairs CoStar Board In Latham-Advised Refresh
Latham & Watkins LLP advised CoStar Group on a "refreshment" of the company's board of directors that includes a new role for a former Turner Broadcasting Systems general counsel, according to a Monday announcement that follows pressure from hedge funds D.E. Shaw and Third Point.
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April 07, 2025
Denver Builder Says Ex-Employee Stole Info For Competitor
A full-service general building contractor has accused a former employee and an industry rival in Colorado state court of using stolen confidential business information to make a competitive bid for a 2025 "large scale" Colorado project that's anticipated to create more than $20 million in revenue.
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April 07, 2025
In New York, Law Firms Are Staying Put
Many law firms are opting to stay in their current offices in New York City. Here, Law360 Pulse looks at what is driving their decisions.
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April 07, 2025
NYC Real Estate Week In Review
Proskauer and Mermel Associates are among the law firms that scored work on the largest New York City real estate deals that hit public records last week, with a large Extell Development buy leading the way.
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April 07, 2025
Goldberg Segalla Adds Hospitality, Retail Atty In Palm Beach
Litigation firm Goldberg Segalla LLP said it has added retail and hospitality attorney Jason R. Hepperly to its office in West Palm Beach, Florida.
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April 07, 2025
Montana To Appraise Taxable Real Property Every 2 Years
Montana will reappraise most taxable real property every two years under a bill signed by the governor.
Expert Analysis
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Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.
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What's Ahead As Transparency Act Comes To A Crossroads
Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.
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Timeline Considerations For Boston's New RE Review Process
Boston's newly reimagined large real estate project review process, featuring early community engagement, holds impacts for project timelines that land use counsel must account for when guiding developers through approvals, says David Linhart at Goulston & Storrs.
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The Story Of 2024's Biggest Bank Regs, And Their Fate In 2025
U.S. federal bank regulators were very active in 2024 with initiatives ranging from antitrust and capital to proposals regarding controlling shareholders and incentive-based compensation, but many regulations face an uncertain future under the new administration, say attorneys at Latham.
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2024 IPO Market Trends, And What To Expect Next Year
The initial public offering market returned to historically typical levels on a deal count basis in 2024 but continued to lag based on proceeds raised due to a larger number of smaller IPOs this year, and signs point to continued ongoing momentum in the next year, say attorneys at Paul Hastings.
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Adapting Force Majeure To A Predictably Unpredictable World
As the climate and political landscapes get more complicated, force majeure provisions will likely be triggered increasingly often, demanding an evolving understanding of when events and their impacts are truly unforeseeable, say attorneys at Nossaman.
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Impact Of Corporate Transparency Act Ambiguity On Banks
Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.
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Green Projects Face States' Foreign Land Ownership Limits
As states impose restrictions and disclosure requirements around foreign investment in agricultural land — in some cases piggybacking on existing federal rules — renewable energy developers and investors must pay close attention to how the rules vary, says Daniel Fanning at Husch Blackwell.
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How Landlords Can Navigate Cannabis-Related Leases
As the cannabis industry continues to rapidly grow, landlords should consider a variety of lease terms and operational details that may help mitigate uncertainty involving federal laws, zoning restrictions and tax implications, says Kyla Baker at Holland & Knight.
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Lights, Camera, Real Estate: Preparing For Film Facility M&A
As the entertainment industry struggles to recover from multiple strikes and a decline in production, certain aspects of selling or acquiring production facilities may become important to consider, as these assets are valued very differently from typical commercial real estate properties, say attorneys at Olshan Frome.
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Corporate Liability Issues To Watch In High Court TM Case
The U.S. Supreme Court will hear arguments in a trademark dispute between Dewberry Group and Dewberry Engineers next week, presenting an opportunity for the court to drastically alter the fundamental approach to piercing the corporate veil, or adopt a more limited approach and preserve existing norms, say attorneys at Bracewell.
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Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream
As shown by ongoing legal battles involving New York City Mayor Eric Adams and Sean “Diddy” Combs, it’s challenging for defendants to obtain relief when they believe the government leaked sensitive information to the media, but defense counsel can take certain steps to mitigate the harm, says Kenneth Notter at MoloLamken.
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A Legal Perspective On NYC's Retail Real Estate Evolution
As New York City's retail market begins to show signs of resilience after the challenges of recent years, landlords must be cognizant of legal implications from shifting trends toward shorter-term leases and pop-up stores, says Andrea Gendel at Pryor Cashman.