Commercial

  • April 11, 2025

    Another Calif. Tribe Files Suit Over $700M Casino Project

    A California Native American tribe alleged in District of Columbia federal court that the federal government unlawfully placed land in a trust and approved a $700 million, 160-acre casino resort project that was proposed by another California tribe.

  • April 11, 2025

    Buchalter Hires Ex-Axiom Advice & Counsel Managing Partner

    Buchalter PC announced Friday the hiring of a former managing partner from Arizona law firm Axiom Advice & Counsel as a shareholder for Buchalter's real estate practice group in Scottsdale.

  • April 11, 2025

    Greater LA Office Vacancies On The Rise In Q1, CBRE Says

    The overall vacancy rate for office space in greater Los Angeles reached a "historical high" of 24.2% in the year's first quarter, according to a CBRE report.

  • April 11, 2025

    3 Firms Advise $392M Deal To Build Miami Beach Hotel

    Three firms advised South Florida developers Terra and Turnberry in landing $392 million to build the 17-story Grand Hyatt Miami Beach hotel on a property adjacent to a city convention center. 

  • April 11, 2025

    More Than A Dozen Firms Aided Largest Q1 Real Estate Deals

    Over a dozen law firms helped with the 10 largest real estate merger and acquisition deals in the first quarter, the majority of which were above the $1 billion mark.

  • April 11, 2025

    Intapp Acquires Real Estate Software Co. TermSheet

    Professional services company Intapp Inc. announced on Friday its first acquisition of the year, picking up TermSheet, a provider of software for real estate teams.

  • April 10, 2025

    Parish Must Face Discriminatory Land Use Suit, 5th Circ. Says

    A Fifth Circuit panel has revived a lawsuit accusing a Louisiana parish of steering hazardous industrial facilities into Black communities, holding that claims from a church and two resident groups in an area dubbed Cancer Alley were timely and alleged concrete injuries.

  • April 10, 2025

    Receiver Sought For Denver Work Space After $60M Default

    A trustee is seeking to place a Denver coworking space in receivership after its owner defaulted on a $60 million loan and failed to pay operating expenses and a property manager, according to a filing in Colorado state court.

  • April 10, 2025

    Reps Intro Bill To Cap Conservation Easement Protections

    Two Republican congresswomen have introduced a bill that would put a 30-year cap on conservation easements entered into by the U.S. Department of the Interior, saying the agreements shouldn't be allowed to hamstring future generations of landowners.

  • April 10, 2025

    Loan Investor Claims Servicer Mishandled $1.8B In Mortgages

    A loan investor accused mortgage servicer Caliber Home Loans in New York federal court of fumbling nearly $1.8 billion of distressed residential mortgages that were part of a purchase agreement between the two companies.

  • April 10, 2025

    Whole Foods Sues CBL, Transformco Over Asbestos In Store

    Whole Foods Market Group Inc. is suing entities connected to real estate investment trust CBL Properties and retail company Transformco for more than $1 million, alleging that the companies are liable for an "ill-fated and injurious" redevelopment project that created asbestos in a North Carolina Whole Foods store.

  • April 10, 2025

    Lowenstein Sandler Doubling DC Office Space By Next Year

    Lowenstein Sandler LLP will take over an entire floor in its current Washington, D.C., office building, doubling its footprint, to keep up with demand in the nation's capital, office managing partner Zarema A. Jaramillo told Law360 Pulse in an interview Thursday.

  • April 10, 2025

    Ready Capital Brass Face Suit Over Real Estate Loan Losses

    Executives and directors of real estate finance company Ready Capital Corp. were hit with a shareholder derivative suit alleging they failed to disclose that the company's nonperforming commercial real estate loans were damaging its bottom line and would force it to take "aggressive action" to preserve its finances.

  • April 10, 2025

    Sullivan & Worcester Hires Fried Frank REIT Tax Pro

    Sullivan & Worcester LLP announced Thursday that it has hired a Fried Frank Harris Shriver & Jacobson LLP partner, noting that the attorney comes to the firm with deep real estate investment trust tax expertise.

  • April 10, 2025

    NJ Panel Tosses Mall Owner's Bid To Spike Mixed-Use Project

    A New Jersey appeals panel rejected a Newark shopping center owner's attempt to compel a builder to construct a parking garage instead of a mixed-use project on an adjacent property by citing a 2004 city plan.

  • April 10, 2025

    Del. Justices Urged To Revive Gellert Seitz Malpractice Case

    A homebuilder is asking the Delaware Supreme Court to undo Gellert Seitz Busenkell & Brown LLC's win in a legal malpractice case over damages the builder says it suffered due to negligent representation in loan restructuring disputes with a bank.

  • April 10, 2025

    Sidley Snaps Up Cadwalader Real Estate Finance Team

    Sidley Austin LLP recruited a team of real estate finance attorneys from Cadwalader Wickersham & Taft LLP, including the co-head of the firm's real estate financing group and three other partners, Law360 Real Estate Authority has learned.

  • April 10, 2025

    Blackstone Bolsters Warehouse Portfolio In $718M Texas Buy

    Blackstone on Thursday announced it has agreed to buy a 6 million-square-foot portfolio of warehouse buildings in Dallas and Houston from Crow Holdings for $718 million in a bet on logistics during a time of market upheaval.

  • April 09, 2025

    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.

  • April 09, 2025

    NJ Will Pay $15M To Settle County's Casino Tax Break Lawsuit

    Atlantic County and the state of New Jersey have reached a $15 million settlement over a dispute related to a property tax break program for casinos that the county argued unconstitutionally shifted the tax burden to its municipalities.

  • April 09, 2025

    FAU Research Park Looks To Bring Innovators To Boca

    South Florida-based real estate private equity firm PEBB Enterprises and Banyan Development have tapped Colliers to handle leasing at a research office park connected to Florida Atlantic University, aiming to attract both startups and established businesses, particularly in technology and other innovative fields, to the recently upgraded facility.

  • April 09, 2025

    Ill. Real Estate Broker Gets 4 Years For $3M Investment Scam

    A Chicago real estate broker has been sentenced to more than four years in prison after pleading guilty last year to allegations he duped clients into investing millions of dollars in properties that did not exist and then used the investors' funds for personal expenses, federal prosecutors announced Wednesday.

  • April 09, 2025

    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.

  • April 09, 2025

    Colliers Says Q1 Atlanta Office Market Trends Toward Balance

    Commercial broker Colliers said construction activity remained at its lowest level since 2011 in the first quarter as the overall vacancy rate rose slightly on a quarterly basis to 24.2% in Atlanta's office market.

  • April 09, 2025

    Mich. City Says Pot Co. Can't Challenge Rivals' Licenses

    A Michigan city is urging a federal court to throw out a suit by a would-be dispensary alleging that the city violated state law and the Constitution when it awarded its cannabis licenses, saying the company does not have a property right to sell substances that are illegal under federal law.

Expert Analysis

  • How GSA Lease Clauses May Affect DOGE Terminations

    Author Photo

    The Department of Government Efficiency has begun to cut the U.S. General Services Administration's enormous real estate portfolio, but some standard lease clauses include limits helpful to landlords that may slow progress toward the administration's cost-cutting goals, say attorneys at Pillsbury.

  • What SDNY Judge Can And Can't Do In Adams Case

    Author Photo

    The federal judge in the Southern District of New York overseeing the criminal case against New York City Mayor Eric Adams deferred making a decision on the government's motion to dismiss the indictment, and while he does have limited authority to deny the motion, that would ultimately be a futile gesture, says Ethan Greenberg at Anderson Kill.

  • Rethinking 'No Comment' For Clients Facing Public Crises

    Author Photo

    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • Corp. Transparency Act's Future Under Treasury's Bessent

    Author Photo

    The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.

  • Nippon Order Tests Gov't Control Over Foreign Investments

    Author Photo

    The U.S. government is primarily interested in restraining foreign transactions involving countries of concern, but former President Joe Biden’s January order blocking the merger of Nippon Steel and U.S. Steel shows that all foreign direct investments are under the federal government’s microscope, say attorneys at Blank Rome.

  • A Look At A Possible Corporate Transparency Act Exemption

    Author Photo

    Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.

  • As EPA Backs Down, Expect Enviros To Step Up Citizen Suits

    Author Photo

    As President Donald Trump's U.S. Environmental Protection Agency draws down federal enforcement efforts, environmental groups will step into the void and file citizen suits — so companies should focus on compliance efforts, stay savvy about emerging analytical and monitoring methods, and maintain good relations with neighbors, say attorneys at Beveridge & Diamond.

  • Emphasize Social Spaces During RE Project Public Review

    Author Photo

    As Boston continues to work through revisions to its public review process for real estate projects, developers attempting to balance impact mitigation and community improvements may benefit from emphasizing the ways in which development plans can facilitate open social exchange, says David Linhart at Goulston & Storrs.

  • What Contractors Can Do To Address Material Cost Increases

    Author Photo

    In light of the Trump administration's plans to increase tariffs on Mexico, Canada and China, construction industry players should proactively employ legal strategies to mitigate the impacts that price increases and uncertainty may have on projects, says Brenda Radmacher at Seyfarth Shaw.

  • Reg Waiver Eases Calif. Rebuilding, But Proceed With Care

    Author Photo

    California Gov. Gavin Newsom's executive order suspending some environmental review and permitting requirements for the reconstruction of homes and businesses damaged by recent wildfires may streamline rebuilding efforts, but will require careful navigation of the evolving regulatory landscape, says Gregory Berlin at Alston & Bird.

  • Insurance Considerations For LA Wildfire Recovery

    Author Photo

    Businesses and homeowners affected by the destructive Southern California wildfires must act swiftly and strategically to navigate the complexities of the insurance recovery process, including by identifying all applicable policies, documenting damage thoroughly and keeping abreast of relevant state law, say attorneys at Morgan Lewis.

  • LA Wildfires' Effect On Calif. Insurer Of Last Resort

    Author Photo

    Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.

  • Public Corruption Enforcement In 2024 Has Clues For 2025

    Author Photo

    If 2024 activity is any indication, the U.S. Supreme Court will likely continue to rein in expansive prosecutorial theories of fraud in the year to come, but it’s harder to predict what the new administration will mean for public corruption prosecutions in 2025, says Cathy Fleming at Offit Kurman.