Commercial

  • January 06, 2025

    Cos. Accused Of Misusing EB-5 Investor Funds

    More than $80 million in EB-5 investor funds that were intended for a Brooklyn real estate project were misused to purchase shares in a related company, a suit claimed in New York federal court.

  • January 06, 2025

    Another Building Contractor Agrees To End No-Hire Pacts

    The Federal Trade Commission said Monday that Planned Building Services has agreed not to enforce terms in its contracts that prevent building owners from hiring the service contractor's workers, in a second recent case targeting the building services industry.

  • January 06, 2025

    Biden Signs DC Football Stadium Bill Into Law

    President Joe Biden on Monday gave Washington, D.C., government control over a site that could become home to a new stadium for the NFL's Commanders.

  • January 06, 2025

    Verizon Seeks $1.15M Legal Fee After Texas Land Dispute

    Verizon's real estate unit asked a Delaware vice chancellor to approve a $1.15 million attorney fee request for beating a Connecticut real estate investment firm's breach of contract suit, rejecting the losing side's call for offsets covering fees that Verizon said were never incurred.

  • January 06, 2025

    Ga. Developer Says Insurer Shorted Roof Repair Coverage

    The owner of a north Georgia commercial property has sued its insurer, accusing it of intentionally failing to complete a claims adjustment and only partially paying the cost to repair a roof that was damaged during a storm.

  • January 06, 2025

    Fried Frank Closes Citadel's NYC Office Lease Deal

    Financial services firm Citadel, guided by Fried Frank, signed a lease for 504,000 square feet of space in a 39-story Manhattan office building, the law firm announced Monday.

  • January 06, 2025

    Paul Hastings Advises $900M Chelsea Loan Modification

    RXR Realty has modified a $900 million loan provided by Morgan Stanley and New York Community Bank in 2018 to refinance the Starrett-Lehigh Building in New York's West Chelsea neighborhood, with Paul Hastings LLP guiding the latest changes.

  • January 06, 2025

    Procopio Adds Land Use Leader From Shuttered Boutique

    Procopio Cory Hargreaves & Savitch LLP announced Monday it has brought on a partner to lead its land use practice, who joins the firm after 25 years as a name partner at a recently shuttered boutique.

  • January 06, 2025

    3 Firms Guide $291M Financing Deal For Miami Project

    Miami developer Terra obtained $291 million in permanent financing in a deal guided by Holland & Knight LLP, Cadwalader Wickersham & Taft LLP and Gangemi Law Group PLLC for the completed first phase of its upcoming 38-acre mixed-use development project known as Centro City.

  • January 06, 2025

    Jenner & Block Faces DQ Bid In Casino Project Dispute

    Three Native American tribes want Jenner & Block LLP disqualified from a lawsuit that seeks to block the construction of a new casino in Oregon, claiming the firm previously represented them in the same dispute.

  • January 06, 2025

    Aimco Plans $520M Miami Waterfront Property Sales

    Real estate investment company Apartment Investment & Management Company will sell off two Miami waterfront properties for $520 million to an entity connected to private equity firm and developer Oak Row Equities in a sale the developer described as "the largest single land acquisition in South Florida" to date.

  • January 03, 2025

    NY Nursing Home Blames AG's 'Crusade' For Ch. 11

    The owner of a 588-bed nursing facility on Long Island has filed for Chapter 11 protection in a New York bankruptcy court with more than $58 million in debt, saying it was the victim of a "crusade" and "smear campaign" launched by the state attorney general's office.

  • January 03, 2025

    Ohio AG Urges State Justices To Limit Local Tax Appeals

    Ohio's attorney general backed property owners in the state Supreme Court who are arguing that school boards can't appeal valuation decisions of properties they don't lease or own to county courts, saying the boards don't have a sufficient interest in the properties to pursue litigation.

  • January 03, 2025

    Biogen Not On Hook For Disruptions Caused By Landlord

    Biogen Inc. did not breach the terms of a sublease with biopharma components manufacturer Brammer Bio and bears no responsibility for any claimed losses suffered by Brammer during a construction project by the building's owner, a Massachusetts judge has concluded.

  • January 03, 2025

    Ore., Calif. Tribes Can't Stop Casino Project

    A D.C. federal district court judge denied a bid by three tribes to block the U.S. Department of the Interior from issuing a determination that would greenlight a casino project in Oregon, saying the environmental impact statement for the endeavor does not constitute a final agency action.

  • January 03, 2025

    Meet The Attys Guiding Party City Back Through Ch. 11

    A team of attorneys from Porter Hedges LLP and Paul Weiss Rifkind Wharton & Garrison LLP are representing retail chain Party City in its Chapter 11 case in the Southern District of Texas, as it plans to close its roughly 700 remaining stores and liquidate.

  • January 03, 2025

    Miami Office Vacancy Rates Rise, And So Do Rents

    Office vacancy rates in Miami's office market rose to 15.1%, signaling a slight cooldown after a flurry of interest and activity that dominated the market in early pandemic years, per a report from Avison Young.

  • January 02, 2025

    Anchorage Residents Look To Block Tribal Casino Project

    A group of Anchorage residents has sued the acting chairwoman of the National Indian Gaming Commission and the Native village of Eklutna in Alaska federal court, claiming plans to build a 58,000-square-foot casino will ruin their rural neighborhood.

  • January 02, 2025

    Oregon, California Tribes Ask Court To Block Casino Project

    Three tribes are asking a D.C. federal court to block the Interior Department from issuing a final decision that would take land into trust for an Oregon casino project, arguing that the agency's lack of tribal consultation on the endeavor will cause damage to their economic and governmental interests.

  • January 02, 2025

    NYC Real Estate Week In Review

    BakerHostetler and Seyfarth Shaw are among the law firms that steered the largest New York City real estate deals that hit public records last week, with a nine-figure Brooklyn transaction topping the list.

  • January 02, 2025

    Mich. Justices Say Detroit Fire Fee Is Legal, Not A Tax

    The Michigan Supreme Court has ruled a Detroit fee for a fire service program was not an unlawful tax but clarified that a regulatory program's main benefit cannot be the mere permission for a property owner to operate its business in the city.

  • January 02, 2025

    Cox Castle Elects 3 New Partners In New Year

    Cox Castle & Nicholson LLP elected three new partners effective at the start of the year, including attorneys whose practices span the real estate, land use, environmental and renewable energy industries, the real estate firm announced Thursday.

  • January 02, 2025

    7th Circ. Won't Review $3.4M Faulty Work Coverage Ruling

    The Seventh Circuit declined to review a ruling requiring an insurer to defend an architectural design firm and its owner against faulty work claims seeking more than $3.4 million in damages.

  • January 02, 2025

    Hoboken Pot Dispensary Was Rightly Approved, Panel Finds

    A New Jersey appeals panel has given its approval to a Hoboken marijuana dispensary, saying the trial court was wrong to block it from operating based on an ordinance passed after it submitted a conditional use application for its location.

  • January 02, 2025

    Welltower Elevates GC To Chief Legal Officer

    Healthcare-focused real estate investment trust Welltower Inc. announced Thursday it began the new year by making several executive and senior leadership team promotions, including naming a longtime legal leader its chief legal officer.

Expert Analysis

  • Timeline Considerations For Boston's New RE Review Process

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    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.

  • The Story Of 2024's Biggest Bank Regs, And Their Fate In 2025

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    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.

  • 2024 IPO Market Trends, And What To Expect Next Year

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    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.

  • Adapting Force Majeure To A Predictably Unpredictable World

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    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.

  • Impact Of Corporate Transparency Act Ambiguity On Banks

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    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.

  • Green Projects Face States' Foreign Land Ownership Limits

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    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.

  • How Landlords Can Navigate Cannabis-Related Leases

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    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.

  • Lights, Camera, Real Estate: Preparing For Film Facility M&A

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    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.

  • Corporate Liability Issues To Watch In High Court TM Case

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    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.

  • Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream

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    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.

  • A Legal Perspective On NYC's Retail Real Estate Evolution

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    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.

  • What Interest Rate Cuts Mean For Housing Markets

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    The Federal Reserve's recent reduction of interest rates may provide limited immediate relief for real estate sectors, but offers potential opportunities for commercial real estate investors and construction firms, which now face an environment ripe for new projects, say attorneys at Cozen O'Connor.

  • How CFIUS' Updated Framework Affects Global Investors

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    The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.