Commercial

  • January 07, 2025

    Mont. Bill Floats Mine, Data Center Property Tax Changes

    Montana would lower the property tax rate imposed on metal mines, certain agricultural land and railroads but raise the rate on data center property as part of a bill introduced in the state Senate.

  • January 07, 2025

    Mich. Town Tries To Ditch $5M Suit Over Dispensary Flip-Flop

    A Michigan township accused of greenlighting, and then blocking, a developer's special-use permit for a marijuana dispensary said Tuesday the developer suing it for $5 million never actually got the required prequalification from the state.

  • January 07, 2025

    DOJ Revamps Process For Federal Real Estate Deals

    The U.S. Department of Justice has replaced "outdated provisions" that guided how federal agencies acquired real property with 10 new federal provisions that have the goal of "promoting government efficiency and saving taxpayer funds," the DOJ said Tuesday.

  • January 07, 2025

    Judge Trims Shareholders' Suit Against Data Center REIT

    Equinix Inc. has escaped a claim stemming from a proposed securities class action in California federal court that accused the data center-focused real estate investment trust of misleading investors about its power capacity, growth potential and capital expenditures.

  • January 07, 2025

    Mont. Bill Calls For Property Tax Appraisals Every 2 Years

    Montana would require all real property to be reappraised every two years for tax purposes as part of a bill introduced in the state House of Representatives.

  • January 07, 2025

    Property Owner Says Insurer Owes $16.2M For Fire Damage

    A Colorado property owner is seeking to recover $16.2 million from its insurer for property damage caused by the 2021 Marshall Fire, telling a federal court the carrier wrongly concluded the properties did not sustain direct physical damage in order to justify replacement costs.

  • January 07, 2025

    Mont. Bill Seeks Review Process For Tax-Exempt Property

    Montana would require the state Department of Revenue to create a program to review property that is exempt from taxation under a bill introduced in the state House of Representatives.

  • January 07, 2025

    Akerman Advises Bronx Kingsbridge Armory Project

    Akerman LLP is representing a joint venture that will redevelop the Kingsbridge Armory in the Bronx with the help of $215 million in public funds, a project that city and state officials unveiled Tuesday.

  • January 07, 2025

    2 Firms Advise Nonprofit's $124M Loan In Housing Site Buy

    Nonprofit Westhab acquired a development site in the Sheepshead Bay neighborhood of Brooklyn, New York, from a Slate Property Group affiliate, borrowing $124 million along with the purchase in transactions advised by Nixon Peabody LLP and Chapman and Cutler LLP.

  • January 07, 2025

    Braverman Greenspun Acquires NY Real Estate Boutique

    Braverman Greenspun PC said Tuesday it has acquired real estate boutique Zingman & Associates PLLC, allowing it to deepen its capabilities in landlord-tenant related issues.

  • January 07, 2025

    Stoel Rives Adds San Diego Construction Atty As Partner

    Stoel Rives LLP said construction and real estate attorney Kirsten Worley has joined the firm as a partner in its San Diego office.

  • January 07, 2025

    JLL Arm Snaps Up Another Phoenix-Area Industrial Property

    LaSalle Investment Management announced that it has acquired a five-building industrial park in Tempe, Arizona, on behalf of a fund focused on high-quality core assets across the United States.

  • 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.

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.