Commercial

  • March 28, 2025

    Minors Sue Over Alleged Trafficking At Metro-Atlanta Hotels

    Two unidentified minors have filed separate suits in federal court alleging the owners and operators of two Atlanta area hotels knew the minors were being sex trafficked but did nothing to stop it.

  • March 28, 2025

    NY Ski Resort Co. Appealing Court's Antitrust Ruling

    A New York ski resort operator told a state court on Friday that it's appealing the state's victory in its antitrust suit, which alleged that the operator purposefully closed a local competitor after acquiring it.

  • March 28, 2025

    Judge Ends $400M Air Force Base PFAS Contamination Case

    A Court of Federal Claims judge has dismissed a $400 million lawsuit from New Mexico landowners alleging that PFAS runoff from a nearby U.S. Air Force base contaminated their land, saying they hadn't shown any taking by the government.

  • March 28, 2025

    9th Circ. Affirms Maui County's Win In Religious Land-Use Suit

    The Ninth Circuit is backing a Hawaii county's jury trial victory over a nonprofit's Religious Land Use and Institutionalized Persons Act lawsuit, ruling on Friday that the lower court rightfully sided with the county even though it erred by including a certain jury instruction.

  • March 28, 2025

    Masonry Exec Charged In Plot To Bribe Amtrak Official

    The president of an Illinois-based masonry contractor awarded a $58 million federal contract to renovate Philadelphia's historic 30th Street Station has been charged with conspiring to bribe an Amtrak official, the U.S. attorney's office in the city said Friday.

  • March 28, 2025

    Property Owners Sue NYC Over Sidewalk Shed Legislation

    A group of New York City property owners hit the city with a proposed class action alleging sidewalk shed regulations amount to an unconstitutional taking, one day after the city council approved a package of bills aiming to reform the policies.

  • March 28, 2025

    NYC Margaritaville Ch. 11 Plan OK'd After Buffett Hit Played

    A New York bankruptcy judge on Friday confirmed the Chapter 11 plan of the developer of the Margaritaville resort in Times Square, as he played the resort's namesake song during a hearing.

  • March 28, 2025

    Shutts & Bowen Accused Of Sinking Florida Country Club Sale

    A real estate corporation is suing Florida firm Shutts & Bowen LLP and one of its partners for malpractice, alleging that as part of a fee dispute, they scuttled a deal for the sale of a country club that the business had been negotiating.

  • March 28, 2025

    Calif. Tenants Claim REIT Charged Extra For Pests, Trash

    A proposed class of California tenants accused real estate investment trust Equity Residential and two of its subsidiaries of unlawfully charging them separate fees for pest control and trash collection.

  • March 28, 2025

    Rockwood Buys $153M DC Office Building From Brookfield

    Rockwood Capital has scooped up a nine-story office building in Washington, D.C., from Brookfield Properties for $153 million and secured $113.4 million in financing for the deal through a German bank, with help from King & Spalding LLP, property records show.

  • March 28, 2025

    Taxation With Representation: Norton Rose, Latham, Ashurst

    In this week's Taxation With Representation, Dollar Tree sells its Family Dollar business to private equity firms, eye care company Alcon buys medical technology company Lensar and Ithaca Energy PLC buys the U.K. subsidiary of Japan Petroleum Exploration Co. Ltd.

  • March 27, 2025

    Sticky's Seeks To Pluck Ch. 11 Victory From Jaws Of Defeat

    Popular New York-area chicken restaurant chain Sticky's has asked a Delaware bankruptcy judge for permission to enter deals with a Southern-style restaurant chain and an investment firm in a last-ditch attempt to sell off the debtor's assets in its Chapter 11 case.

  • March 27, 2025

    Quarles & Brady Snag Land Banking Expert

    Quarles & Brady LLP announced Thursday that the firm added a partner to its real estate practice group, who joins Quarles & Brady from an in-house role at a residential real estate capital provider.

  • March 27, 2025

    Conrail Land Can't Go In Renewal Zone, NJ Court Says

    A New Jersey state appeals court has ruled that federal law bars Jersey City lawmakers from going forward with a redevelopment plan for local property owned by Consolidated Rail Corp.

  • March 27, 2025

    California Tribe Wants In On 70-Acre Casino Project Challenge

    A California tribe at the center of a challenge to an Interior Department decision to take 70 acres into trust for the construction of its hotel and casino project is asking a federal court to intervene in the dispute, arguing the plaintiff's anticompetitive behavior will impede its goal of self-governance.

  • March 27, 2025

    US Ranked Low At Fighting Real Estate Money Laundering

    The U.S. is the third-worst country when it comes to fighting money laundering in real estate because of a lack of regulations, according to a report ranking the national markets of 24 countries.

  • March 27, 2025

    Latham Guides $1B Hyatt Bond Offering

    Latham & Watkins LLP announced Thursday that it guided Hyatt Hotels Corporation's $1 billion bond offering, which the hospitality company plans to use to fund its $2.6 billion acquisition of a beachfront resort operator.

  • March 27, 2025

    CalSTRS, Mubadala Plug $215M Into Real Estate Lender

    Alternative commercial real estate lender 3650 Capital, advised by Sidley Austin LLP, on Thursday announced that it has secured $215 million in fresh capital commitments from existing investors California State Teachers' Retirement System and Mubadala Investment Company.

  • March 27, 2025

    Pa. Coal Co. Gets OK For $23.5M Asset Sale In Ch. 11

    A Pennsylvania bankruptcy judge on Thursday approved the sale of assets of bankrupt Corsa Coal Corp. for $23.5 million, overriding arguments against including litigation claims in the sale and for earmarking proceeds for environmental cleanup.

  • March 27, 2025

    Life Sciences REIT Says Ex-Employee Stole Trade Secrets

    Alexandria Real Estate Equities Inc. filed suit against a former employee in Massachusetts federal court, alleging that he stole a trove of proprietary information as he was planning to leave the company.

  • March 27, 2025

    Madison Newbond Loans $43M For Maryland Beach Resort

    A Madison Realty Capital affiliate said March 27 that it has agreed to provide a $43 million senior loan to a joint venture between Certares Real Estate Management and Monomoy Property Ventures for a hotel in Ocean City, Maryland.

  • March 27, 2025

    Related Launches Data Center Venture With $45B Pipeline

    Related Companies announced March 27 the launch of a data center development arm with a $45 billion pipeline of projects that's kicking off with a 64-megawatt expansion in Ontario, Canada.

  • March 26, 2025

    Sotomayor Urges Caution On Nondelegation Doctrine Revamp

    U.S. Supreme Court Justice Sonia Sotomayor cautioned her colleagues during oral arguments Wednesday against using a challenge to the Federal Communications Commission's administration of a broadband subsidy program as a way to resurrect the long-dormant nondelegation doctrine. Several conservative justices, however, seemed willing to disregard that admonition.

  • March 26, 2025

    Resort Developer Asks To Unwind Pre-Ch. 11 Equity Deal

    California resort developer SilverRock Development Co. filed an adversary complaint in its Chapter 11 case Tuesday asking a Delaware court to unwind a pre-bankruptcy securitization transaction that converted preferred shares into secured debt.

  • March 26, 2025

    Soured Colo. Housing Partnership Spawns Another Suit

    A Colorado affordable housing project undermined by a trio of investors' soured partnership generated yet another lawsuit filed by an original investor alleging a partner brought on later intentionally tanked the project out of "seething vindictiveness."

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.