Commercial
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April 16, 2025
Office Demand Steady Despite Trade Policy Turbulence
Commercial broker Cushman & Wakefield said shifting U.S. trade policy didn't have a noticeable effect on demand for office space in the first quarter as the sector showed continued signs of stabilization.
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April 16, 2025
Dems Ask GSA To Explain Federal Asset Disposal Plans
Democrats on the House Oversight Committee urged the General Services Administration to explain its moves to list federal properties for disposal, expressing concern about how the agency has identified buildings for sale.
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April 16, 2025
Prologis Says Logistics Renters Cautious Amid Tariff Tumult
Prologis executives said on Wednesday that logistics asset leasing activity dropped 20% over the past two weeks, with many companies waiting to see how things pan out after President Donald Trump temporarily paused higher tariffs on all countries except China.
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April 16, 2025
Exxon Urges Justices To Resolve Seized Cuba Property Claim
Exxon Mobil Corp. asked the U.S. Supreme Court to scrutinize a ruling frustrating its attempts to collect damages from Cuban property confiscated decades ago, arguing the Trump and Biden administrations' opposing stances on such lawsuits present a chance for the court to settle the political debate.
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April 16, 2025
Exelon Buys DC Office Building From Brookfield For $175M
Utilities giant Exelon Corp. has bought a Washington, D.C. office building that serves as a headquarters for one of its electricity subsidiaries from Brookfield Properties for $175 million, according to deed records.
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April 16, 2025
Meridian Capital Promotes Legal Head To General Counsel
Meridian Capital Group announced Tuesday that its head of legal has been promoted to general counsel in a move that comes about a year after the firm came under new leadership.
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April 16, 2025
Pryor Cashman Adds New Real Estate Partner For NYC Office
Pryor Cashman LLP announced Wednesday that it had hired Carter Ledyard & Milburn LLP attorney Paul J. Proulx for the firm's real estate and land use/zoning teams in its New York City office.
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April 15, 2025
Massive Calif. Fire Assessment Pass-Through Sparks Suit
Public interest nonprofit Consumer Watchdog sued California's insurance chief in Los Angeles Superior Court on Monday to stop him from allowing insurance companies to offset hundreds of millions of dollars in assessment costs as surcharges onto policyholders, claiming the decision was made without any public input, in violation of the state's Administrative Procedure Act.
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April 15, 2025
Funding Cuts Cause Q1 Hurdles For Life Sciences Real Estate
The U.S. life sciences real estate market was hit with challenges in the first quarter of 2025 due to funding cuts for the National Institutes of Health that were announced earlier this year, according to a report from real estate company Savills.
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April 15, 2025
Brooklyn Office Space Seeing Leasing Surge, CBRE Reports
New York City's borough of Brooklyn went through "a surge of leasing" for office space after a total of 509,000 square feet was leased in Q1 2025, according to a CBRE report published Tuesday.
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April 15, 2025
Brookfield Lands $1.3B From Citibank For Hudson Yards Office
Brookfield Properties secured $1.25 billion in financing from Citibank on its 16-story Five Manhattan West building in a transaction advised by Dechert LLP and Fried Frank Harris Shriver & Jacobson LLP.
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April 15, 2025
NY Developers Land $237M Refi For Major Mixed-Use Project
The developers behind a 70-acre mixed-use development in Sleepy Hollow, New York, secured a $237 million refinancing for the project from Hudson Bay Capital, per an announcement from Walker & Dunlop which arranged the financing.
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April 15, 2025
Top Grossing Cos. Drift Further From Remote-First Work
The largest companies in the U.S. by revenue are moving away from allowing employees to work primarily at home, including among technology businesses, which were formerly much more permissive of telework, according to a recent report.
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April 15, 2025
Mich. Tribunal Rejects Hotel's Challenge To $10M Valuation
A hotel owned by a Hilton franchisee was valued at $10 million by the Michigan Tax Tribunal, agreeing with a local assessor and reducing a previous valuation by $2.2 million but rejecting a further reduction sought by the owner.
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April 15, 2025
NY Panel Finds 'Lockbox' Suit Differs From Hotel Foreclosure
A split New York state appeals court has found that U.S. Bank can pursue its litigation seeking to seize a "lockbox" of rent payments for a Manhattan hotel, with one justice arguing in a dissent that the instant lawsuit improperly duplicates a related but separate foreclosure action.
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April 15, 2025
DC Maintains, Expands Tax Exemptions For NBA, NHL Arena
The District of Columbia maintained and expanded tax breaks for the property and airspace of Capital One Arena, home to the NBA's Washington Wizards and NHL's Washington Capitals, as part of legislation that became law, according to a notice published in the district's register.
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April 15, 2025
Moye White Says It Was Evicted To Make Way For Tech Co.
Defunct law firm Moye White LLP is fighting back in Colorado state court against its Denver landlord's nearly $4 million lawsuit, alleging in counterclaims that the landlord unlawfully evicted the firm and its subtenants from a downtown office building in order to make room for a technology business.
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April 15, 2025
Giordano Halleran Nabs Real Estate Pro For NJ Expansion
Giordano Halleran & Ciesla PC announced that the firm has added a commercial real estate transaction pro as shareholder, who is spearheading the firm's opening of an office in northern New Jersey.
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April 14, 2025
Expedia Defends Cuban Island Bookings In Helms-Burton Trial
The former manager of Expedia's Cuba group took the stand Monday to defend the travel company's actions offering reservations for resorts on an island off the coast of Cuba that a Cuban-American man says was stolen from his family by Fidel Castro's government, telling jurors the company worked to comply with constantly changing regulations related to travel to Cuba.
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April 14, 2025
6th Circ. Upends Oil Co.'s Injunction Against Ohio Landowner
The Sixth Circuit on Monday reversed a district court's preliminary injunction that gave EOG Resources Inc. access to the surface of an Ohio deer hunting site for drilling operations, saying the injunction didn't prevent injury to EOG but actually caused the owner of the property irreparable harm.
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April 14, 2025
4th Circ. Partly Backs $3.8M Award In 'Dickensian' Lease Row
The Fourth Circuit on Monday partly affirmed and partly vacated a $3.8 million costs and fees award stemming from a soured lease agreement for a commercial building in Baltimore, potentially concluding more than 14 years of what the panel described as "Dickensian litigation."
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April 14, 2025
Allianz Unit Challenges Augusta Golf Club's $2.4M Award
Allianz SE subsidiary Fireman's Fund Insurance Co. on Friday asked a federal judge to strike down a $2.4 million storm damage appraisal in favor of an Augusta, Georgia, golf club that the insurer said goes far beyond what it agreed to cover.
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April 14, 2025
Northwind Lends $90M To Fund 32-Story NYC Office Deal
Northwind Group, a Manhattan-based real estate private equity firm, has provided a $90 million senior first-mortgage loan for a joint venture's acquisition and pre-development of a 32-story, Class A New York City office building that is planned to be converted into apartments, according to a statement.
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April 14, 2025
Developer Buys 1.2M Square Feet Of Texas Industrial Space
Hillwood Investment Properties announced that the industrial real estate company has recently acquired four buildings spanning about 1.2 million square feet across the greater Dallas-Forth Worth metropolitan area.
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April 14, 2025
NJ Casino To Wrap Up Hotel Refresh With $50M In Upgrades
Ocean Casino Resort on Monday said it is planning more than $50 million in improvements to its Atlantic City, New Jersey, property this year that will add 500 new hotel rooms.

Dechert Leaders Talk Commercial Mortgage-Backed Securities
After a few slow years, activity in the commercial mortgage-backed securities market has roared back to life, as investors, lenders and borrowers get comfortable with the new normal and find ways to get deals done, according to Laura Swihart and Stewart McQueen of Dechert LLP.

Banks Back Private Credit's Rise. Should Borrowers Care?
Banks provide back-financing in most real estate private credit deals and often have a say on what happens when a loan goes bad, but attorneys have different opinions about whether borrowers should be tuned into what's going on with their debt behind the scenes.

Real Estate Caught In ESG Tug Of War
Despite a growing backlash in recent years against environmental, social and governance factors in business strategy, attorneys say that, in the near term, real estate companies may not be abandoning ESG — although they have been adjusting their behavior.
Expert Analysis
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5 Insurance Types For Mitigating Tariff-Related Trade Losses
The potential for significant trade-related losses as a result of increased tariffs may cause companies to consider which of their insurance policies, including marine, builders risk, trade credit, and directors and officers, could provide coverage to alleviate the financial impact, say attorneys at Pillsbury.
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Avoiding Pitfalls Around New Calif. Commercial Lease Law
A California law that became effective this year requires commercial landlords to extend certain protections previously afforded to residential tenancies, and a few key provisions of the law especially warrant reexamination of leasing and operational processes, say attorneys at Holland & Knight.
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Measuring And Mitigating Harm From Discriminatory Taxes
In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.
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Addressing Tariff Price Escalation In Construction Contracts
As construction projects across the U.S. face uncertainty surrounding material price increases driven by government-imposed tariffs, owners and developers should draft strong contracts to protect themselves from tariff-related cost overruns and delays, say attorneys at Akerman.
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How The CRE Industry Is Adapting To Tariff Uncertainty
Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.
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Reconciling 2 Smoke Coverage Cases From California
As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on insurance coverage, the February state appellate ruling denying coverage for property damage from smoke, ash and soot should be viewed as an outlier, say attorneys at Reed Smith.
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Contractor Remedies Amid Overhaul Of Federal Spending
Now that the period for federal agencies to review their spending has ended, companies holding procurement contracts or grants should evaluate whether their agreements align with administration policies and get a plan ready to implement if their contracts or grants are modified or terminated, say attorneys at DLA Piper.
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Contract Disputes Recap: Terminations Galore
Attorneys at Seyfarth examine three recent decisions in which the Civilian Board of Contract Appeals and the Armed Services Board of Contract Appeals provide valuable insights into contract terminations, modifications and the jurisdictional requirements for claims.
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Making The Opportunity Zones Program Great At Last
As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.
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Investor Essentials For Buying Federally Owned Property
Investors and developers can take advantage of the Trump administration's plan to sell government-owned real estate by becoming familiar with the process and eligible to bid, and should prepare to move quickly once the U.S. General Services Administration posts the list of properties for sale, say attorneys at Holland & Knight.
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How 2025 Is Shaping The Future Of Bank Mergers So Far
Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.
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Why NY May Want To Reconsider Its LLC Transparency Law
Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.
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Dewberry Ruling Is A Wakeup Call For Trademark Owners
The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.