Commercial
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March 27, 2025
Related Launches Data Center Venture With $45B Pipeline
Related Companies announced March 27 the launch of a data center development arm with a $45 billion pipeline of projects that's kicking off with a 64-megawatt expansion in Ontario, Canada.
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March 26, 2025
Sotomayor Urges Caution On Nondelegation Doctrine Revamp
U.S. Supreme Court Justice Sonia Sotomayor cautioned her colleagues during oral arguments Wednesday against using a challenge to the Federal Communications Commission's administration of a broadband subsidy program as a way to resurrect the long-dormant nondelegation doctrine. Several conservative justices, however, seemed willing to disregard that admonition.
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March 26, 2025
Resort Developer Asks To Unwind Pre-Ch. 11 Equity Deal
California resort developer SilverRock Development Co. filed an adversary complaint in its Chapter 11 case Tuesday asking a Delaware court to unwind a pre-bankruptcy securitization transaction that converted preferred shares into secured debt.
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March 26, 2025
Soured Colo. Housing Partnership Spawns Another Suit
A Colorado affordable housing project undermined by a trio of investors' soured partnership generated yet another lawsuit filed by an original investor alleging a partner brought on later intentionally tanked the project out of "seething vindictiveness."
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March 26, 2025
King & Spalding Dealmaker On Atlanta's Data Center Boom
Readily accessible power and land have helped make the area surrounding Georgia's capital city a prime hub for data centers, but challenges are on the horizon, said a real estate transactions partner with Atlanta-founded King & Spalding LLP.
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March 26, 2025
Tax Court Erred In Ex-Braves' Easement Feud, 11th Circ. Told
Two former Atlanta Braves players reupped their arguments before the Eleventh Circuit that the U.S. Tax Court made grave errors in a case that slashed their conservation easement value, saying the federal government's failure to address those missteps shields the issues from legal scrutiny.
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March 26, 2025
New FinCEN Rule Is 'Game Changer' For Real Estate Investors
The Financial Crimes Enforcement Network's stopgap rule removing beneficial ownership reporting requirements for U.S. companies significantly lightens the regulatory burden for investors, especially those in the real estate sector, attorneys told Law360 Real Estate Authority.
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March 26, 2025
Barings Provides $70.2M For Calif. Logistics Center Refi
Barings loaned $70.2 million to refinance a "best-in-class" Tracy, California, industrial logistics center that takes up more than 606,000 square feet, the investment manager announced Wednesday.
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March 26, 2025
Morrison Cohen Chair Talks Amtrak Union Station Takeover
Y. David Scharf of Morrison Cohen LLP, who represented the lenders in a recent settlement with Amtrak after a yearslong dispute over control of Washington Union Station, spoke with Law360 Real Estate Authority about crafting a strategy for the case, how transaction work supports litigation work, and vice versa, as well as the $505 million deal that left all parties "equally unhappy."
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March 26, 2025
Buchalter Boosts Atlanta Presence With Litigator, Office Lease
Buchalter PC is taking further steps to cement its place within the Atlanta legal community, which the firm joined last year, signing a new 10,000-square-foot office lease and bringing on an experienced litigator from Freeman Mathis & Gary LLP, according to announcements this week.
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March 26, 2025
Prysmian To Acquire Channell Commercial For Up To $1.15B
Italian cable manufacturer Prysmian said Wednesday it will spend up to $1.15 billion to acquire Texas-based Channell Commercial Corp., a telecommunications equipment provider, in a transaction advised by Freshfields LLP and DLA Piper.
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March 26, 2025
Dollar Tree Selling Family Dollar For $1B To PE Firms
Dollar Tree said Wednesday it has agreed to sell its Family Dollar business for just over $1 billion to two private equity firms, after the Davis Polk-guided discount retailer revealed strategic review plans to sell the cash-strapped unit in June.
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March 26, 2025
Stinson Nabbing Dykema Real Estate Pros For New LA Office
Stinson LLP is planning to open a Los Angeles office and is poaching a pair of real estate lawyers from Dykema Gossett PLLC to launch the new digs there, according to a source with knowledge of the matter.
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March 25, 2025
GSA Narrows List Of Federal Buildings To Discard
The U.S. General Services Administration pared down a list of federally owned office properties that it plans to dispose of to eight after initially identifying hundreds.
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March 25, 2025
Investors Renew Claims That Intel Hid Chipmaking Problems
A group of investors launched a revised set of claims in California federal court against Intel, arguing that the company's concealment of its struggles with expanding domestic computer chip manufacturing led to its worst day of stock performance in decades.
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March 25, 2025
Catching Up With New Bankruptcy Case Action
23andMe Holding Co. entered Chapter 11 to sell its business and address $214 million in debt; Danimer Scientific Inc., which makes plastics alternatives, entered Chapter 11 to wind down while it tends to its roughly $450 million debt burden; and sneaker shop Soleply began a streamlined bankruptcy for small businesses in an effort to exit some lease obligations and restructure its debt.
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March 25, 2025
NJ Casinos Urge 3rd Circ. Not To Revive Room-Pricing Suit
Atlantic City casino-hotel owners have told the Third Circuit a lower court was right to toss a case accusing them of inflating room rates by using the same software to set prices because there's no problem with multiple businesses separately choosing to use the same service.
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March 25, 2025
No Easy Out In $5M Mich. Dispensary Flip-Flop Suit
A Michigan federal court has refused to hand a win to either party in developer American 5 LLC's suit alleging a Michigan township improperly revoked its permit for a marijuana dispensary, finding that the parties hadn't resolved whether the permit was the developer's to begin with.
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March 25, 2025
Blackstone To Offer £489M For Warehouse REIT
Private equity giant Blackstone said Tuesday that it has made an approximately £489 million ($633 million) provisional final offer for British logistics property company Warehouse Real Estate Investment Trust.
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March 24, 2025
Ore. Tribe Backs Hydro Utility's Eminent Domain Bid At Falls
The Confederated Tribes of Siletz Indians has asked an Oregon federal judge to approve a utility company's attempt to condemn five acres of public land for the operation of a hydroelectric project, saying another tribe believes wrongly that condemnation would eliminate its fishing platform.
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March 24, 2025
Canadian Partners Tokenize $36.2M Multifamily Property
Blockchain nonprofit Polymesh Association and real estate investment firm Ocree Capital Inc. announced Monday that they have partnered up to create a Canadian blockchain-backed commercial real estate platform that has a $36.2 million multifamily property as its first listing.
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March 24, 2025
Hyundai To Invest $21B In US Manufacturing, New Steel Plant
Hyundai announced Monday that it plans to invest $21 billion over the next three years in U.S. facilities that include a new Louisiana steel plant and an expansion of production sites in Alabama and Georgia.
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March 24, 2025
Gibson Steers $301M Financing For Woolworth Building In NY
The Witkoff Group LLC borrowed more than $301 million from Blackstone entity CT Investment Management Co. LLC for the Woolworth Building in downtown Manhattan, in deals guided by Gibson Dunn & Crutcher LLP, according to property records filed Monday.
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March 24, 2025
NYC Real Estate Week In Review
Hogan Lovells and Sidley Austin are among the law firms that landed work on the largest New York City real estate deals that hit public records last week, a group of transactions that included a pair of nine-figure Manhattan deals.
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March 24, 2025
SmartStop REIT Plans $864M IPO Amid US-Canada Trade Row
SmartStop Self Storage REIT Inc., a real estate investment trust managing U.S. and Canadian properties, unveiled plans on Monday for an estimated $864 million initial public offering amid trade disputes rippling across North America, represented by Nelson Mullins Riley & Scarborough LLP and underwriters' counsel Latham & Watkins LLP.
Expert Analysis
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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.
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Foreclosing Lenders Still Floating In Murky Legal Waters In NY
The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.