Commercial
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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.
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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.
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January 03, 2025
Biogen Not On Hook For Disruptions Caused By Landlord
Biogen Inc. did not breach the terms of a sublease with biopharma components manufacturer Brammer Bio and bears no responsibility for any claimed losses suffered by Brammer during a construction project by the building's owner, a Massachusetts judge has concluded.
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January 03, 2025
Ore., Calif. Tribes Can't Stop Casino Project
A D.C. federal district court judge denied a bid by three tribes to block the U.S. Department of the Interior from issuing a determination that would greenlight a casino project in Oregon, saying the environmental impact statement for the endeavor does not constitute a final agency action.
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January 03, 2025
Meet The Attys Guiding Party City Back Through Ch. 11
A team of attorneys from Porter Hedges LLP and Paul Weiss Rifkind Wharton & Garrison LLP are representing retail chain Party City in its Chapter 11 case in the Southern District of Texas, as it plans to close its roughly 700 remaining stores and liquidate.
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January 03, 2025
Miami Office Vacancy Rates Rise, And So Do Rents
Office vacancy rates in Miami's office market rose to 15.1%, signaling a slight cooldown after a flurry of interest and activity that dominated the market in early pandemic years, per a report from Avison Young.
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January 02, 2025
Anchorage Residents Look To Block Tribal Casino Project
A group of Anchorage residents has sued the acting chairwoman of the National Indian Gaming Commission and the Native village of Eklutna in Alaska federal court, claiming plans to build a 58,000-square-foot casino will ruin their rural neighborhood.
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January 02, 2025
Oregon, California Tribes Ask Court To Block Casino Project
Three tribes are asking a D.C. federal court to block the Interior Department from issuing a final decision that would take land into trust for an Oregon casino project, arguing that the agency's lack of tribal consultation on the endeavor will cause damage to their economic and governmental interests.
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January 02, 2025
NYC Real Estate Week In Review
BakerHostetler and Seyfarth Shaw are among the law firms that steered the largest New York City real estate deals that hit public records last week, with a nine-figure Brooklyn transaction topping the list.
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January 02, 2025
Mich. Justices Say Detroit Fire Fee Is Legal, Not A Tax
The Michigan Supreme Court has ruled a Detroit fee for a fire service program was not an unlawful tax but clarified that a regulatory program's main benefit cannot be the mere permission for a property owner to operate its business in the city.
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January 02, 2025
Cox Castle Elects 3 New Partners In New Year
Cox Castle & Nicholson LLP elected three new partners effective at the start of the year, including attorneys whose practices span the real estate, land use, environmental and renewable energy industries, the real estate firm announced Thursday.
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January 02, 2025
7th Circ. Won't Review $3.4M Faulty Work Coverage Ruling
The Seventh Circuit declined to review a ruling requiring an insurer to defend an architectural design firm and its owner against faulty work claims seeking more than $3.4 million in damages.
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January 02, 2025
Hoboken Pot Dispensary Was Rightly Approved, Panel Finds
A New Jersey appeals panel has given its approval to a Hoboken marijuana dispensary, saying the trial court was wrong to block it from operating based on an ordinance passed after it submitted a conditional use application for its location.
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January 02, 2025
Welltower Elevates GC To Chief Legal Officer
Healthcare-focused real estate investment trust Welltower Inc. announced Thursday it began the new year by making several executive and senior leadership team promotions, including naming a longtime legal leader its chief legal officer.
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January 02, 2025
Manhattan Office Leasing Rises, As CMBS Debt Looms
Leasing activity in Manhattan's office market during the final quarter of 2024 reached heights not seen since before the pandemic, even as maturing commercial mortgage-backed securities debt overshadows the market, per a Thursday report from Savills.
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January 01, 2025
Federal Real Estate Policy To Watch In 2025
The potential for new tariffs and the Corporate Transparency Act are among the areas of federal policy that real estate lawyers will be watching in 2025.
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January 02, 2025
The Top Property Insurance Decisions Of 2024
A novel climate change coverage suit in Hawaii, three state high court pandemic coverage rulings and a Colorado ruling on a late claim-filing rule are among the top property insurance decisions of 2024. Here, Law360 breaks down the cases that drew the most attention among practitioners in the property insurance space.
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January 01, 2025
Commercial Real Estate Cases To Watch In 2025
The real estate community in 2025 will be watching multiple disputes tied to malls or would-be malls, as well as a hotel trademarks battle. Here, Law360 previews the commercial real estate cases to watch this year.
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December 30, 2024
Energy Demand Key Driver In 2025 Infrastructure Roadmap
With growing energy demand increasingly being met by renewable power, an overhaul of U.S. infrastructure is expected to gain steam in 2025, advancing a push to adapt roadways, ports and other infrastructure for a changing climate and new technologies.
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December 26, 2024
Proptech's Central Storyline In Real Estate Still Unwritten
After making a dynamic entrance that seemed to spark the real estate industry to finally embrace innovation, the property technology sector has struggled to develop its role as operators have focused on managing challenging economic conditions. Proptech enters 2025 uncertain about its next chapter, but experts remain confident it will prove to be essential to real estate's future.
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December 20, 2024
Proskauer Beats DQ Bid In NJ Hospital Antitrust Fight
A New Jersey federal judge refused to disqualify Proskauer Rose LLP from defending healthcare network RWJBarnabas Health Inc. in an antitrust lawsuit brought by competitor CarePoint Health Management Associates LLC, saying the present case wasn't substantially related to work the law firm previously did for CarePoint.
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December 20, 2024
Fla. Judge Orders Ky. Tower Sale Laundering Case To Proceed
A Florida federal judge denied a request by two Miami businessmen to toss a civil forfeiture lawsuit brought by the U.S. government in an attempt to seize $9.1 million from the sale of a Kentucky office tower with alleged links to a Ukrainian money laundering scheme.
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December 20, 2024
Feds Rip Atty For NYC Mayor Over Press Statements
Prosecutors told a Manhattan federal judge Friday that New York City Mayor Eric Adams' lawyer has violated local court rules by making comments to the press that deride their bribery and corruption case against the mayor as a "contrived" effort to tarnish his reputation.
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December 20, 2024
Feds, Osage Nation Score Damages Win In Wind Farm Suit
An Oklahoma federal judge has ended a decade of litigation involving the Osage Nation, the U.S. government and Enel Green Power North America, ordering the company to pay more than $300,000 in damages and attorney fees and to remove 84 wind turbines from the tribe's reservation.
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December 20, 2024
Biggest Colorado Decisions Of 2024
The Colorado Supreme Court shocked legal experts in 2024 when it walked back a landmark tenants rights ruling based on a technicality. In another case, three justices called for the elimination of peremptory challenges in order to address racial bias in jury selection. Here's a look at some of the biggest Colorado decisions of the year.
A Prelude To 2025 Commercial Real Estate
All eyes will be on the Fed in 2025 as commercial real estate looks for clues on where interest rates will be heading. In this column, Real Estate Authority's editor-at-large Andrew McIntyre offers his take on commercial real estate in the new year.
Big Year Of Real Estate Deals Ahead As PE Sees Opportunities
The market is out of the doldrums, and private equity deal practitioners are looking forward to an active year for real estate, particularly with transactions involving data centers, refinancings and — believe it not — office buildings.
Top Commercial Real Estate Q&As From 2024's Second Half
Check out the top commercial real estate Q&As that ran during the second half of 2024, with real estate attorneys and experts reflecting on topics like the investment environment, distressed debt and the future of mall redevelopment.
Expert Analysis
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Timeline Considerations For Boston's New RE Review Process
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.
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The Story Of 2024's Biggest Bank Regs, And Their Fate In 2025
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.
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2024 IPO Market Trends, And What To Expect Next Year
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.
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Adapting Force Majeure To A Predictably Unpredictable World
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.
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Impact Of Corporate Transparency Act Ambiguity On Banks
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.
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Green Projects Face States' Foreign Land Ownership Limits
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.
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How Landlords Can Navigate Cannabis-Related Leases
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.
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Lights, Camera, Real Estate: Preparing For Film Facility M&A
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.
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Corporate Liability Issues To Watch In High Court TM Case
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.
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Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream
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.
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A Legal Perspective On NYC's Retail Real Estate Evolution
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.
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What Interest Rate Cuts Mean For Housing Markets
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.
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How CFIUS' Updated Framework Affects Global Investors
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.