Natural Disasters And Wildfires Reshape CRE Dealmaking
Natural disasters are already reshaping all aspects of commercial real estate dealmaking, attorneys say, and their importance is expected to grow considerably as a result of the ongoing Los Angeles wildfires.
What Real Estate Attys Should Expect From New SEC
Real estate lawyers should anticipate a meaningful shift in policy from the U.S. Securities and Exchange Commission under President-elect Donald Trump's leadership, including a reduced focus on climate risk disclosures, according to speakers at a Practicing Law Institute panel.
Ackman Retracts Sullivan Dig In $1.5B Howard Hughes Offer
Pershing Square Holdings founder Bill Ackman has leaked a $1.5 billion proposal on social media that calls for merging his hedge fund and real estate developer Howard Hughes Holdings, and appeared to blame Sullivan & Cromwell LLP in a post for the informal release before he walked back that comment.
Commercial More
The Federal Trade Commission sued developer and property manager Greystar in Colorado federal court Thursday, alleging Greystar advertised deceptive prices for its units to entice prospective tenants to apply,... (more story)
A Tennessee concrete manufacturer has secured a lot at 120-05 31st Ave. in College Point, Queens, from a New York concrete company for $60 million in a deal guided by Holland & Knight LLP, according to property records.
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.
Financial backers of a Staten Island mall project are asking a federal judge to toss a suit by foreign investors seeking damages, arguing that the investors are just trying to "claw back" whatever they can fro... (more story)
Honigman LLP announced the addition of Polsinelli PC's vice chair of commercial litigation on Thursday, saying his experience will support the growth Honigman anticipates in the commercial real estate market.
In this week's Taxation With Representation, Eli Lilly and Co. buys a precision breast cancer program, Applied Digital Corp. enters a financing agreement for its high-performance computing business, Clearwater... (more story)
Ballard Spahr LLP unveiled five promotions to partner and seven to of counsel on Wednesday, elevating lawyers for four of its five departments in five cities.
Residential More
Federal prosecutors on Friday dropped a bribery and fraud suit accusing former New York Lt. Gov. Brian Benjamin of using his position to obtain state grant funds in exchange for campaign contributions, noting ... (more story)
The joint venture behind Miami Beach luxury condominium project The Perigon announced Friday that it closed on a $390 million construction loan, after beginning construction of the 73-unit development in 2024.
Eric Scott Turner, President-elect Donald Trump's pick to lead the U.S. Department of Housing and Urban Development, said he would bring the agency's largely remote workforce back to the office and boost a pop... (more story)
A Sunshine State condo association told a Florida federal court Friday that its insurer failed to pay its $9.5 million claim for damages sustained as a result of Hurricane Ian, alleging the insurer didn't meet... (more story)
A New Jersey appellate court ruled against beachfront property owners embroiled in a dispute over a dune walkover that provided direct access to Normandy Beach, ruling that the validity of one claim should be ... (more story)
Hawaii would make its renters tax credit permanent and change the credit's amounts under a bill introduced in the state House of Representatives.
Hawaii would put an end to its state tax deduction for mortgage interest on second homes under a bill introduced in the state Senate.