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

    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

    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

    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

  • Addressing Tariff Price Escalation In Construction Contracts

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    As construction projects across the U.S. face uncertainty surrounding material price increases driven by government-imposed tariffs, owners and developers should draft strong contracts to protect themselves from tariff-related cost overruns and delays, say attorneys at Akerman.

  • How The CRE Industry Is Adapting To Tariff Uncertainty

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    Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.

  • Reconciling 2 Smoke Coverage Cases From California

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    As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on insurance coverage, the February state appellate ruling denying coverage for property damage from smoke, ash and soot should be viewed as an outlier, say attorneys at Reed Smith.

  • Contractor Remedies Amid Overhaul Of Federal Spending

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    Now that the period for federal agencies to review their spending has ended, companies holding procurement contracts or grants should evaluate whether their agreements align with administration policies and get a plan ready to implement if their contracts or grants are modified or terminated, say attorneys at DLA Piper.

  • Contract Disputes Recap: Terminations Galore

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    Attorneys at Seyfarth examine three recent decisions in which the Civilian Board of Contract Appeals and the Armed Services Board of Contract Appeals provide valuable insights into contract terminations, modifications and the jurisdictional requirements for claims.

  • Making The Opportunity Zones Program Great At Last

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    As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.

  • Investor Essentials For Buying Federally Owned Property

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    Investors and developers can take advantage of the Trump administration's plan to sell government-owned real estate by becoming familiar with the process and eligible to bid, and should prepare to move quickly once the U.S. General Services Administration posts the list of properties for sale, say attorneys at Holland & Knight.

  • How 2025 Is Shaping The Future Of Bank Mergers So Far

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    Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.

  • Why NY May Want To Reconsider Its LLC Transparency Law

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    Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.

  • Dewberry Ruling Is A Wakeup Call For Trademark Owners

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    The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.

  • How GSA Lease Clauses May Affect DOGE Terminations

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    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

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    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

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    “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.