Commercial

  • March 20, 2025

    Baron Property Clinches $206M Loan To Build Fla. Rentals

    Baron Property Group borrowed $206 million from investment advisory firm Post Road Group to build its 661-unit Metro Parc North residential project in Hialeah, Florida, according to a March 20 announcement.

  • March 20, 2025

    Jurisdictional Uncertainty Helps Preserve Ill. Tax Bias Suit

    Cook County property owners who mistakenly brought discriminatory assessment accusations in state court before taking their allegations to federal court can continue pursuing those claims, an Illinois judge said, rejecting the county's timeliness challenge. 

  • March 20, 2025

    Denver Environmental Lawyer Rejoins V&E From Kirkland

    Vinson & Elkins LLP has announced the return of a Denver environmental lawyer from Kirkland & Ellis LLP.

  • March 19, 2025

    Your Competition Is Probably Investing In Their Clients

    Legal advisers typically sit beside, not across, from their clients, and advise on deals rather than take part in them.

  • March 19, 2025

    California Rancheria Can Comment On Casino Land Dispute

    A D.C. federal judge has let the Redding Rancheria file a friend of the court brief in two tribes' challenge to the U.S. government's decision to take 221 acres into trust for the rancheria's casino project, ruling it has a special interest in the litigation.

  • March 19, 2025

    Nashville Developers Land $253M For 30-Story Hotel Tower

    Two real estate firms secured a $253 million financing package to build a 30-story hotel and condominium complex in Nashville's Paseo South Gulch district, borrower-side broker Walker & Dunlop said on Wednesday.

  • March 19, 2025

    Holland & Knight Attys On Undoing GSA Lease Terminations

    When the General Services Administration announced it was terminating roughly 1,000 of its leases, a pair of lawyers at Holland & Knight LLP started getting calls from clients. In some cases, they advised them that certain terminations were valid, while in others, they helped to restore improperly terminated leases. The pair recently spoke to Law360 Real Estate Authority on the evolving issue and how they're advising clients going forward.

  • March 19, 2025

    Law360 Announces The Members Of Its 2025 Editorial Boards

    Law360 is pleased to announce the formation of its 2025 Editorial Advisory Boards.

  • March 19, 2025

    Owners Probe Refi Possibilities In Clean Energy Finance Tool

    After a clean energy finance tool gained steam as a relatively low-cost, long-term financing option, property owners in some states are now leaning on its retroactive capabilities to free up capital and pay down senior lenders.

  • March 19, 2025

    Pot Co. Can't Upend Borough's Support For Rival Shop

    A New Jersey appeals panel won't let a would-be Keyport cannabis dispensary prevent the borough from granting support for a cannabis license to one of its rivals, saying the trial court was right to find that the process was not arbitrary or capricious.

  • March 19, 2025

    Wyo. Prescribes Order For Applying Property Tax Breaks

    Wyoming established an order in which property tax exemptions should be applied when multiple exemptions apply to the same property under a bill signed by the governor.

  • March 18, 2025

    J&J Denies 'Evil Motive' In Face Of $30M Talc Damages

    Johnson & Johnson did not act with the kind of "evil motive" that would justify a $30 million punitive damages award to a Connecticut man who won a lawsuit alleging its talc products caused his lung cancer, the company argued Tuesday in state court.

  • March 18, 2025

    Fla. Mall Investor Gets 5 Years In $77M WeWork Stock Fraud

    A Manhattan federal judge sentenced a real estate investor and former owner of a Florida waterfront shopping complex to five years in prison Tuesday following a fraud conviction in connection with manipulating the price of WeWork Inc.'s stock at $77 million shortly before the company declared bankruptcy.

  • March 18, 2025

    Conn. Coalition Can't Challenge Pot Shop Zoning Approval

    A Connecticut state judge has thrown out a challenge by a group of Stamford residents appealing the city zoning board's approval of a cannabis shop location, finding neither the coalition nor its individual members have shown they have standing.

  • March 18, 2025

    Bancorp Downplayed CRE Bridge Loan Risks, Investor Claims

    An investor in The Bancorp Inc. is accusing the financial holding company in Delaware federal court of causing stock value to decline by misleading investors, including by not fully disclosing how its commercial real estate bridge loans were in danger of defaulting.

  • March 18, 2025

    Fate Of Boston Women's Soccer Stadium Turns On Site Status

    Opponents of a $200 million project to turn a decrepit 75-year-old stadium into the home of a new professional women's soccer team at a historic Boston park urged a judge on Tuesday to find that officials have failed to follow a state law intended to preserve public parks.

  • March 18, 2025

    Excel, Ares Join For East Coast Hotel Portfolio Partnership

    Private equity firm Excel Group and Ares Management have teamed up to invest in a portfolio of Marriott- and Hilton-branded hotels across the East Coast, the companies said Tuesday.

  • March 18, 2025

    New Data Center JV Banks On Chevron Power Plans

    Investment firm Engine No. 1 and Crusoe Energy Systems LLC have announced they are partnering to develop a large-scale data center campus with artificial intelligence computing capabilities, which they say will benefit from a joint venture between Engine and Chevron announced earlier this year.

  • March 18, 2025

    DOJ Says Calif. City's Zoning Illegally Favors Secular Use

    The U.S. Department of Justice is backing a church in Santa Ana, California, claiming zoning rules violate federal law by favoring secular uses for an office building the congregation agreed to purchase before learning city rules require a permit to hold religious services.

  • March 17, 2025

    At Distressed Assets Forum, Lenders Say They're Doing OK

    Despite recent upticks in distress in commercial real estate and some foreboding statistics, bankers and private lenders speaking at a forum on distressed assets on Monday presented a rather optimistic outlook on being able to survive and even find opportunities in 2025.

  • March 17, 2025

    NY Tower Owner Buys Out JPMorgan Arm In $420M Deal

    Steiner NYC closed a $420 million recapitalization of a Brooklyn multifamily tower and bought out equity partner J.P. Morgan Asset Management, guided by in-house counsel and a Latham & Watkins LLP team.

  • March 17, 2025

    Hotel REIT Lands $126M To Renovate 12-Property Portfolio

    Hospitality-focused lender Access Point Financial provided a $126 million "fully funded loan" to American Hotel Income Properties REIT LP, which will use the funds to "refinance, renovate and upgrade" its 12-property U.S. hotel portfolio, the lender announced Monday.

  • March 17, 2025

    Brookfield Offloads Steeply Discounted NYC Office For $150M

    Brookfield Properties took a significant hit on the sale of a Manhattan office building, with county property records showing Monday that it sold 333 W. 34th St. for $150 million after purchasing the midtown building for $255 million.

  • March 17, 2025

    Fraud Victims Claim CRE Fintech Firm Skirted Securities Law

    A group of investors pointed to a recent fraud case in seeking to claw back more than $1 billion raised by fintech firm CrowdStreet, claiming in a proposed class action filed in Texas federal court that the platform operated outside state and federal financial regulations for a decade.

  • March 17, 2025

    Paul Hastings Guides Artemis From Founding To Takeover

    When Paul Hastings partner Joshua H. Sternoff was initially pitched on repping Debbie Harmon and Penny Pritzker in creating the first women-owned real estate investment business, he thought it was a bet worth taking. About 16 years and several fundraising cycles later, Sternoff and others at Paul Hastings steered Artemis Real Estate Partners through what might be its biggest move yet.

Expert Analysis

  • Webuild Ruling Complicates Arb. Award Enforcement In US

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    A Delaware federal court's recent decision in Sociedad Concesionaria Metropolitana de Salud v. Webuild, if read literally, could undercut the United States' image as a proarbitration jurisdiction by complicating creditors' efforts to enforce awards against property in this country, says Jeff Newton at Omni Bridgeway.

  • How To Avoid A Costly CPA Limitation Hidden In Most Leases

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    The lease audit rights clause is a seemingly innocuous provision in most commercial real estate leases that ends up costing tenants millions of dollars each year, as they have unwittingly agreed to retain only an accountant to investigate and settle financial issues, says Jason Aster at KBA Lease Services.

  • Navigating FEMA Grant Program For Slope Fixes After Storms

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    In the aftermath of Hurricanes Helene and Milton, it is critical for governments, businesses and individuals to understand the legal requirements of the Federal Emergency Management Agency's grant programs to obtain funding for crucial repairs — including restoration of damaged infrastructure caused by landslides and slope failures, says Charles Schexnaildre at Baker Donelson.

  • Smith's New Trump Indictment Is Case Study In Superseding

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    Special counsel Jack Smith’s recently revised Jan. 6 charges against former President Donald Trump provide lessons for prosecutors on how to effectively draft superseding indictments in order to buttress or streamline their case, as necessary, says Jessica Roth at Cardozo Law School.

  • Consider Best Legal Practices For Commissioning Public Art

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    Commissioning public art for real estate projects can provide many benefits to real estate developers and the public, but it's important to understand the unique legal and contracting aspects of the process to ensure that projects are completed on time and on budget, says Sarah Conley Odenkirk at ArtConverge.

  • Applying High Court's Domestic Corruption Rulings To FCPA

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    After the U.S. Supreme Court narrowed the domestic corruption statutes in three decisions over the past year and a half, it’s worth evaluating whether these rulings may have an impact on Foreign Corrupt Practices Act enforcement, and if attorneys can use the court’s reasoning in international bribery cases, says James Koukios at MoFo.

  • Climate Among Many Factors Driving Up RE Insurance Costs

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    A proactive approach to risk management may determine the viability of the U.S. commercial real estate sector as weather crises and other factors drive insurance costs higher, says Ulrick Matsunaga at Crosbie Gliner.

  • Bid Protest Spotlight: Debriefings, Timeliness, Documentation

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    ​James Tucker at MoFo examines three recent decisions from the Federal Circuit, the U.S. Government Accountability Office and the U.S. Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests.

  • A Look At Recent Case Law On Expedited Judgment In NY

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    A number of recent New York state court decisions clarify and refine the contours surrounding Civil Practice Law and Rule 3213, providing landlords, lenders and other payees guidance on how to seek accelerated judgment in certain litigation, says Alexander Lycoyannis at Holland & Knight.

  • Dealmaker Lessons From CFIUS' New Enforcement Webpage

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    The Committee on Foreign Investment in the United States’ recently launched webpage, which details the actions — and inactions — that led to enforcement activity, provides important insights for dealmakers about filing requirements, mitigation commitments and the cost of noncompliance, say attorneys at Dechert.

  • Reassessing Lease Provisions To Account For ESG Initiatives

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    As companies seek to build ESG considerations into their businesses, it's crucial to understand how such initiatives can quickly become significant enough to compel reassessment of lease agreement provisions, and how best to modify leases accordingly, say Julian Freeman and Gabe Pitassi at Cox Castle.

  • Avoid Getting Burned By Agencies' Solar Financing Spotlight

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    Recently coordinated reports and advisories from the U.S. Department of the Treasury, the Consumer Financial Protection Bureau and the Federal Trade Commission maximize the spotlight on the consumer solar financing market and highlight pitfalls for lenders to avoid in this burgeoning field, says Mercedes Tunstall at Cadwalader.

  • Co-Tenancy Clause Pointers For Shopping Center Landlords

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    Large retail tenants often require co-tenancy provisions in their leases, entitling them to remedies if a shopping center's occupancy drops in certain ways, but landlords must draft these provisions carefully to avoid giving tenants too much control, says Gary Glick at Cox Castle.