Commercial

  • September 23, 2024

    NYC Real Estate Week In Review

    Jeffrey Zwick & Associates and Rosenbaum & Associates are among the law firms that scored work on the largest real estate deals that hit New York City public records last week, with transactions in three boroughs landing on the list of the week's biggest matters.

  • September 23, 2024

    Atlanta Wants Almost-Starbucks Demolition Suit Tossed

    The city of Atlanta renewed its efforts Monday to toss a suit from a property owner who says his former restaurant space was illegally condemned, telling a Georgia federal judge that the suit is an attempted end-around of the municipal review process where the spat belongs.

  • September 23, 2024

    Law Firm Accused Of 'Gamesmanship' In NJ Malpractice Suit

    A pair of siblings suing Chaitman LLP for malpractice in New Jersey told the state court that the firm is delaying the litigation with a discovery motion about the order in which depositions should be taken that "should never have been filed to begin with."

  • September 23, 2024

    Blackstone Sells Hotel Franchisor For $525M

    Blackstone Real Estate sold hotel franchisor G6 Hospitality to the parent of hotelier and hospitality technology company OYO in an all-cash $525 million deal, the real estate investment company announced.

  • September 23, 2024

    Saul Ewing Atty Says Fed Interest Rate Cut Creates Optimism

    Saul Ewing LLP's real estate practice vice chair and partner Damon Juha said in an interview with Law360 Real Estate Authority that the Federal Reserve's half-point rate cut is creating much-needed optimism in the world of real estate lending.

  • September 20, 2024

    Cards Against Humanity Hits SpaceX With $15M Trespass Suit

    Cards Against Humanity LLC hit Elon Musk's SpaceX with a $15 million lawsuit in Texas state court, alleging SpaceX has trespassed and dumped trash and machinery on its once-pristine Lone Star State property that the party card game-maker bought to impede former President Donald Trump's U.S.-Mexico border wall.

  • September 20, 2024

    Cities Score Wins Over FCC Even In 9th Circ. Permitting Loss

    Even though the Ninth Circuit in a recent decision largely upheld a Federal Communications Commission policy that reined in municipal governments' power to impose zoning restrictions on wireless network siting, the court's ruling wasn't all bad news for city officials.

  • September 20, 2024

    Steward Health Scores $4.5M Deal For Texas Hospital

    Embattled hospital operator Steward Health Care has informed a Texas bankruptcy judge that the company intends to accept a Texas-based Catholic health system's $4.5 million stalking horse offer for one of its facilities in the state.

  • September 20, 2024

    Property Plays: Ares, Crossroads Hospice, Fifth Ave. Condo

    Property Plays is a weekly roundup of the latest loans, leases, sales and projects around the country. Send your tips — all confidential — to realestate@law360.com.

  • September 20, 2024

    Georgia-Pacific To Turn Atlanta HQ Into Mixed-Use Hub

    Georgia-Pacific plans on redeveloping its 51-story global headquarters in downtown Atlanta into a mixed-use hub that includes offices, retail locations, residential buildings and restaurants, the manufacturing company announced.

  • September 20, 2024

    Judge Keeps Alive Suit To Force Bal Harbour Housing Plan

    A developer is going ahead with litigation to compel a local government to allow a workforce housing development in Bal Harbour, Florida — an upscale village north of Miami — to move forward, in a case testing new state legislation to support affordable housing projects.

  • September 20, 2024

    Slow Development Puts Nebraska District Into Ch. 9

    A local development authority filed for Chapter 9 protection in Nebraska after laying out significant funds to install roads and sewer systems for a housing development that was stalled by the 2008 financial crisis.

  • September 20, 2024

    Pfizer HQ Resi Conversion Backers Land $75M In Financing

    David Werner Real Estate Investments and residential conversion expert Metro Loft Management have secured $75 million in financing from Northwind Group to purchase a partner's stake in the former Pfizer Manhattan headquarters, according to a statement from Marcus & Millichap.

  • September 20, 2024

    Shorenstein Buys Dallas Office Tower After Amenity Overhaul

    San Francisco-based Shorenstein Investment Advisers says it has snapped up a Dallas office tower that's almost fully leased after a recent renovation project added a series of new amenities.

  • September 20, 2024

    Entrepreneur Says Partners Stiffed Him On Testing Site Deal

    A Pittsburgh entrepreneur says he had a deal with three Omaha, Nebraska-based businessmen to help them open COVID-19 testing labs in Ohio and Pennsylvania in the early days of the pandemic, but is still owed $2 million, according to a lawsuit filed Friday in Pennsylvania state court.

  • September 20, 2024

    Mandarin Oriental Can Proceed With COVID Coverage Suit

    A New York federal judge declined to toss a COVID-19 business interruption lawsuit by luxury international hotel chain Mandarin Oriental, holding that the chain sufficiently alleged that its loss was caused by an infectious disease under the terms outlined in its "all risks" policy.

  • September 20, 2024

    Morgan Lewis Hires Sidley Structured Transactions Partner

    Morgan Lewis & Bockius LLP announced Friday that it has hired the co-leader of Sidley Austin LLP's residential mortgage-backed securities team to further expand its structured transactions practice in New York.

  • September 20, 2024

    Green Groups Can't Bar Housing Project, SC Judge Says

    A South Carolina federal judge on Thursday denied conservation groups' push to block a 9,000-unit housing development on the Cainhoy Peninsula near Charleston, ruling they've not shown they're likely to succeed in a case challenging federal reviews and approvals.

  • September 20, 2024

    Simon Property Group Extends $3.5B Credit Facility

    A shopping, dining and entertainment real estate investment trust says it has extended a $3.5 billion unsecured revolving credit facility provided by a "globally diverse" group of 28 banks through the start of 2029.

  • September 19, 2024

    Mich. Atty Gets 1 Year For Inflating Apartment Values

    A Michigan attorney and real estate executive was sentenced Thursday to one year and a day in prison for inflating how profitable his company's apartments were, allowing him to sell them for more than $500 million. 

  • September 19, 2024

    Proposed $4B Hawaii Fire Deal Faces Insurance Questions

    A proposed $4 billion settlement made on behalf of the victims of a 2023 wildfire in Hawaii could be imperiled depending on how the Hawaii Supreme Court approaches key questions concerning insurers' rights to recoup payments made to the victims.

  • September 19, 2024

    Potomac Law Group Adds Morgan Lewis Partner

    A former Morgan Lewis & Bockius LLP real estate attorney has joined Potomac Law Group, framing the move as a strategic shift out of BigLaw amid a "sluggish" transactional environment.

  • September 19, 2024

    76ers To Get New Philly Arena In $1.3B Project, Mayor Says

    The Philadelphia 76ers are getting a new arena in Chinatown as part of a $1.3 billion project that will bring hundreds of jobs, Philadelphia Mayor Cherelle Parker announced in a video message.

  • September 19, 2024

    Senate Panel Holds Steward CEO In Contempt After No-Show

    A U.S. Senate committee voted unanimously Thursday to hold Steward Health Care CEO Ralph de la Torre in civil and criminal contempt after he defied a subpoena to testify about the bankrupt health system's downfall.

  • September 19, 2024

    Fla. Panel Backs Simon Option On Closed Boca Raton Sears

    A split Florida appeals court has sided with Simon Property Group in backing a trial court ruling that the owner of a Boca Raton mall has a right to buy a vacant Sears store after Seritage Growth Properties pitched a redevelopment plan out of line with a 1980s easement.

Expert Analysis

  • Keys To Navigating The Post-Pandemic CRE Market

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    As the commercial real estate market continues to face repercussions from the COVID-19 pandemic, lawyers should use office occupancy and leasing volume numbers to anticipate future trends and help guide clients through an uncertain landscape, says Joseph Calvanico at J2C Valuations.

  • To Hire And Keep Top Talent, Think Beyond Compensation

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    Firms seeking to appeal to sophisticated clients and top-level partners should promote mentorship, ensure that attorneys from diverse backgrounds feel valued, and clarify policies about at-home work, says Patrick Moya at Quaero Group.

  • How Rate Exportation Is Shifting Amid Regulatory Trends

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    All banks and their partners, including fintechs, that wish to lend to borrowers in multiple states and charge uniform interest rates should heed regulatory developments across the country and determine how best to mitigate risks in their efforts to offer credit to consumers on a nationwide basis, say attorneys at Ballard Spahr.

  • How The Commercial Real Estate Slump May Weigh On Banks

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    The continuing underperformance of the U.S. commercial real estate market has significant implications for the financial performance and disclosure requirements for various banks, especially regional ones with large debt exposures, say Atanu Saha and Yong Xu at StoneTurn.

  • Negotiating Material Escalation In Construction Contracts

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    As material price escalation clauses have remained popular in construction contracts despite an easing of recent supply chain issues, attorneys representing owners should understand key considerations for negotiating such clauses, and strategies to mitigate potential exploitation by contractors, says H. Arthur Black II at Brooks Pierce.

  • Landlords Should Prep As WeWork Faces Potential Ch. 11

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    After years of financial trouble and the recent announcement that it has substantial doubt that it would be able to continue as a going concern, WeWork may have a bankruptcy filing in its future that would have a significant impact on landlords and other stakeholders who are owed money by the company, say attorneys at Cadwalader.

  • Identifying Trends And Tips In Litigation Financing Disclosure

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    Growing interest and controversy in litigation financing raise several salient concerns, but exploring recent compelled disclosure trends from courts around the country can help practitioners further their clients' interests, say Sean Callagy and Samuel Sokolsky at Arnold & Porter.

  • Key Drivers Behind Widespread Adoption Of NAV Financing

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    While net asset value-based lending has existed for years, NAV lending has only started to move into the mainstream recently — likely due to difficult market conditions faced by sponsors including persistent inflation, high interest rates and a lack of exit opportunities, say Matthew Kerfoot and Jinyoung Joo at Proskauer.

  • Conn. Ruling Highlights Keys To Certificate-Of-Need Appeals

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    The Connecticut Supreme Court's recent decision in High Watch Recovery Center v. Department of Public Health, rejecting rigid application of statutes concerning certificate-of-need procedure, provides important guidance on building an administrative record to support a finding that a case is contested, say attorneys at Robinson & Cole.

  • The Pop Culture Docket: Judge Elrod On 'Jury Duty'

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    Though the mockumentary series “Jury Duty” features purposely outrageous characters, it offers a solemn lesson about the simple but brilliant design of the right to trial by jury, with an unwitting protagonist who even John Adams may have welcomed as an impartial foreperson, says Fifth Circuit Judge Jennifer Elrod.

  • Pickleball Makes Waves In Fla. Real Estate, With Risks In Play

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    Pickleball's burgeoning popularity in Florida is catalyzing a transformation in the state's commercial real estate market, but investors must take steps to navigate legal challenges related to noise, insurance and community dynamics, says Emmanuelle Litvinov at DarrowEverett.

  • 4 Business-Building Strategies For Introvert Attorneys

    Excerpt from Practical Guidance
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    Introverted lawyers can build client bases to rival their extroverted peers’ by adapting time-tested strategies for business development that can work for any personality — such as claiming a niche, networking for maximum impact, drawing on existing contacts and more, says Ronald Levine at Herrick Feinstein.

  • What Calif. Pot Permit Ruling Means For Enviro Compliance

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    While a California appeals court's recent decision in Lucas v. City of Pomona affirms the city's use of a statutory exemption for its commercial cannabis overlay permit program, the ruling does not mean that all applicants seeking similar approvals are exempted from state environmental compliance obligations, say Whitney Hodges and Barbara Machado at Sheppard Mullin.