Commercial

  • April 02, 2025

    New EB-5 Investors Rushing In Amid 'Gold Card' Uncertainty

    Questions about the future of the EB-5 visa program have ushered in a "rush" of investors amid concerns that the minimum investment threshold could rise roughly five-fold under the Trump administration's so-called Gold Card program.

  • April 02, 2025

    2 Firms Rep $108M NYC Condo Loans

    The owner of a luxury mixed-use condominium in the Brooklyn borough of New York borrowed two loans worth more than $108 million combined in separate deals guided by King & Spalding LLP and Brownstein Hyatt Farber Schreck LLP, according to official property records.

  • April 02, 2025

    Calif. Tribe Sues After DOI Rescinds $700M Casino Eligibility

    The U.S. Department of the Interior's sudden decision to rescind gambling eligibility for a $700 million tribal casino-resort project violates the California tribe's due process rights and is an overreach of the agency's authority, the tribe told a D.C. federal judge in a new lawsuit.

  • April 02, 2025

    PGIM Closes Global Data Center Fund With $2B

    PGIM Real Estate closed its data center fund after raising $2 billion "from a range of global investors," the real estate investment manager announced Wednesday.

  • April 02, 2025

    Judge Clears Path For $200M Boston Soccer Stadium Project

    A Massachusetts judge on Wednesday rejected the final surviving claims by an advocacy group challenging the construction of a professional women's soccer stadium inside a historic Boston park, paving the way for the $200 million project to move forward.

  • April 02, 2025

    Mo. Court Finds Ambiguity Could Permit Virus Coverage

    A vacation rental company may be entitled to coverage for pandemic-related losses from one insurer, a Missouri intermediate appellate court held, finding that an exception conflicting with an exclusion created ambiguity in favor of the insured, while upholding no-coverage rulings pertaining to other insurers.

  • April 02, 2025

    Healthcare REIT Lands $140M Senior Living Mortgage Loan

    Diversified Healthcare Trust borrowed a three-year, nonrecourse $140 million loan secured by a portfolio of senior living communities, the healthcare-focused real estate investment trust announced.

  • April 02, 2025

    Tokenization Exec Sees Ample Possibilities For Real Estate

    Small and large investors who seek exposure to real estate via fractional purchases are broadening their scope to include less-common asset classes, the founder of tokenization platform EstateX told Law360 Real Estate Authority in a recent interview.

  • April 02, 2025

    Eric Adams Case Dismissed As Judge Rebukes DOJ 'Bargain'

    A Manhattan federal judge on Wednesday permanently dismissed corruption charges against New York City Mayor Eric Adams, heeding advice from court-appointed counsel Paul Clement even as he gave credence to district prosecutors' claims of a quid pro quo between Adams and Trump administration officials in the Justice Department.

  • April 01, 2025

    NJ Justices Enforce Award Review Limits In Profit Payout Row

    The New Jersey Supreme Court reinstated an arbitrator's finding that an ousted real estate investment partner wasn't entitled to a $25 million profit payout, toppling a lower appellate panel's decision that the arbitrator had improperly decided an issue that wasn't before him. 

  • April 01, 2025

    Nelson Mullins-, Latham-Guided SmartStop Prices $810M IPO

    SmartStop Self Storage REIT Inc., a real estate investment trust managing U.S. and Canadian properties, on Tuesday priced an $810 million initial public offering within its marketed range, represented by Nelson Mullins Riley & Scarborough LLP and underwriters' counsel Latham & Watkins LLP. 

  • April 01, 2025

    Multifamily CMBS Delinquency Jumps In March, Report Shows

    The delinquency rate for commercial mortgage-backed securities connected to multifamily properties is the highest it's been since 2015, according to a Tuesday report from business research firm Trepp.

  • April 01, 2025

    Jack Nicklaus Defeats Suit Over NIL Rights

    Golfing legend Jack Nicklaus won a ruling in New York state court dismissing claims by his former company over the use of his name, image and likeness.

  • April 01, 2025

    Waldorf Astoria Wants Spa Workers' Wage Suit Trimmed

    Spa workers' claims accusing a Waldorf Astoria of profiting off its failure to pay them overtime and minimum wages and retaliating against them after the suit was filed should be axed, the hotel told a Hawaii federal court, saying the workers' new complaint fails to fix an older one's deficiencies.

  • April 01, 2025

    Uneven NYC Office Leasing Sees Midtown Trophy Spike

    The 12.2 million square feet of leasing activity in the Manhattan office sector in the first quarter of 2025 was heavily concentrated among trophy and Class A+ assets in the midtown submarket, according to a Tuesday report from Savills.

  • April 01, 2025

    Ariz. Developer, Son Charged In $280M Sports Park Fraud

    An Arizona developer and his son tricked bondholders into investing $280 million in a Phoenix-area youth sports park by falsely promising "100% occupancy prior to breaking ground" in part via the use of forged documents, federal prosecutors in Manhattan charged Tuesday.

  • April 01, 2025

    Idaho Boosts Property Tax Breaks By $100M

    Idaho will increase tax breaks for property owners in the state starting this year and every year thereafter under a bill signed by the governor.

  • March 31, 2025

    Insurer Off The Hook For Tribe's COVID Casino Shutdown

    Lexington Insurance Co. does not owe a Washington tribe business-loss coverage after COVID-19 forced the shutdown of the tribe's casino, a Washington state appeals court said Monday, ruling that the virus did not cause direct physical loss or damage to tribal properties.

  • March 31, 2025

    Tax Court Nixes $26M Easement Deduction Over Quarry Value

    The U.S. Tax Court rejected Monday a partnership's nearly $26 million conservation easement deduction tied to a 110-acre farmland in Alabama, stating the partnership had failed to prove that its hypothetical limestone quarry in the property had skyrocketed the easement's value.

  • March 31, 2025

    DOI Rescinds Gaming Eligibility In $700M Calif. Casino Project

    The Department of the Interior has temporarily suspended a gaming eligibility determination for a California tribe's $700 million casino and gaming resort project, saying Secretary Doug Burgum is concerned that the agency didn't consider additional evidence regarding the 160-acre parcel's restored lands exception.

  • March 31, 2025

    Catalyst Closes $164M Sale Of Outdoor Storage Portfolios

    Catalyst Investment Partners sold two outdoor storage portfolios with a total of 18 properties for $163.5 million, the industrial outdoor storage owner and operator announced Monday.

  • March 31, 2025

    NYC Fights Group's Claim Of Biased Property Tax System

    An organization that says New York City's property tax regime discriminates against minorities can't proceed with its claim, the city told the state appellate court, saying that further discovery or trial is needed.

  • March 31, 2025

    Gibson Dunn Pilots Hudson Pacific's $475M Office Financing

    Hudson Pacific Properties, advised by Gibson Dunn & Crutcher LLP, obtained a $475 million commercial mortgage-backed securities loan backed by a portfolio of six office buildings on the West Coast, the company said Monday.

  • March 31, 2025

    Denver Defeats Landlord's Challenge To Energy Standards

    A Colorado federal judge tossed a suit challenging state and Denver laws that set target dates for certain properties to reduce their greenhouse gas emissions, saying the trade groups that brought the claims lacked standing.

  • March 31, 2025

    NYC Real Estate Week In Review

    Goldberg Weprin and Hirschen Singer are among the law firms that scored work on the largest New York City real estate deals that hit public records last week, a slow period that saw only two deals above the $15 million mark become public.

Expert Analysis

  • Timeline Considerations For Boston's New RE Review Process

    Author Photo

    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.

  • The Story Of 2024's Biggest Bank Regs, And Their Fate In 2025

    Author Photo

    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.

  • 2024 IPO Market Trends, And What To Expect Next Year

    Author Photo

    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.

  • Adapting Force Majeure To A Predictably Unpredictable World

    Author Photo

    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.

  • Impact Of Corporate Transparency Act Ambiguity On Banks

    Author Photo

    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.

  • Green Projects Face States' Foreign Land Ownership Limits

    Author Photo

    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.

  • How Landlords Can Navigate Cannabis-Related Leases

    Author Photo

    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.

  • Lights, Camera, Real Estate: Preparing For Film Facility M&A

    Author Photo

    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.

  • Corporate Liability Issues To Watch In High Court TM Case

    Author Photo

    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.

  • Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream

    Author Photo

    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.

  • A Legal Perspective On NYC's Retail Real Estate Evolution

    Author Photo

    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.

  • What Interest Rate Cuts Mean For Housing Markets

    Author Photo

    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.

  • How CFIUS' Updated Framework Affects Global Investors

    Author Photo

    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.