Commercial
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March 21, 2025
Only FDIC Can Sue Over Signature Bank Collapse, Judge Says
A New York federal judge on Friday tossed a shareholder lawsuit over alleged misstatements about Signature Bank's health ahead of its 2023 collapse, saying shareholders lacked standing to sue in light of the FDIC being a receiver of both the failed bank's assets and rights of the bank's stockholders.
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March 21, 2025
Property Plays: Data Centers, Extell, Deauville
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.
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March 21, 2025
Data Center Developer Secures $4B For Trio Of Campuses
Data center developer-operator Stack Infrastructure landed $4 billion in financing for three projects at its campuses in Virginia, Oregon and Toronto.
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March 21, 2025
Plymouth Industrial Pays $65M For Ohio, Ga. Properties
Plymouth Industrial REIT Inc. spent $65.1 million on several industrial properties in Cincinnati, Ohio, and Atlanta, Georgia, the REIT has announced.
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March 21, 2025
Cole Schotz Guides Chetrit's $268M Loan For NYC Properties
Developer The Chetrit Group LLC borrowed more than $268 million from real estate investment firm G4 Capital Partners for properties in New York's Upper East Side neighborhood, in a deal worked on by Cole Schotz PC, according to official property records.
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March 21, 2025
Seyfarth Shaw Guides $144M Brooklyn Project Financing
Full-service real estate firm Watermark Capital Group borrowed more than $144 million from S3 Capital in a deal guided by Seyfarth Shaw LLP for a commercial real estate property that's the site of a major residential project located in Brooklyn's Sunset Park neighborhood, according to property records filed Friday.
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March 21, 2025
Miami Beach Gives Deauville, Towers Project Early OK
The Miami Beach Commission voted in favor of requested land-use changes that would allow the owners of the historic Deauville Beach Resort to rebuild the hotel and add two large residential towers to the property, a project almost universally lauded in the meeting.
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March 20, 2025
11th Circ. Allows Remand Of EB-5 Suit To Fla. State Court
The Eleventh Circuit has dismissed the appeal of a Canadian citizen trying to compel arbitration and keep in federal court the suit accusing him of defrauding foreign investors, saying it doesn't have jurisdiction to review the order sending the case back to Florida state court.
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March 20, 2025
Feds Ask High Court To Nix Mich. Tribal Land Trust Row
A Michigan tribe's analysis of a law governing the state's Indigenous land claims would allow it to purchase property anywhere and then compel the U.S. to take it into trust for its benefit, the Interior Department has told the Supreme Court, arguing the interpretation would render a bizarre result.
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March 20, 2025
UAE Sovereign Fund, Energy Biz Form $25B Infrastructure JV
United Arab Emirates sovereign wealth fund ADQ and energy infrastructure-focused investment firm Energy Capital Partners announced that they've formed a more than $25 billion "50-50" joint venture that aims to invest in U.S. power infrastructure that will support "data centers, hyperscale cloud companies and other energy-intensive industries."
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March 20, 2025
Conn. AG Sues Builder, Companies For State Park Clear-Cut
A real estate builder and two of his companies have illegally clear-cut multiple acres of Connecticut state park land, installed fixtures including a basketball court and a guesthouse without permission and blocked public access to the area, according to an enforcement action brought by the state attorney general's office.
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March 20, 2025
Office-To-Residential Efforts Offer Pain And Potential
With an estimated 1 billion square feet of office space currently vacant across the country and housing affordability a widespread concern, office-to-residential conversions have obvious appeal. But experts speaking at a multifamily housing event on Wednesday said while these projects can ultimately turn out great, the challenges in completing them will prevent the volume needed to solve the nation's housing crisis.
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March 20, 2025
Investor Sues For Real Estate AI Co. Shares Under $100M Deal
A Luxembourg-based investment firm sued artificial intelligence homebuying platform ReAlpha in New York federal court, seeking to enforce a $100 million share purchase agreement a week after a federal judge rejected the platform's attempt to escape the deal.
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March 20, 2025
Extell Shrinks Height For Planned NYC 5th Ave. Tower
Extell Development reduced the height of a once-proposed 78-story tower on Manhattan's Fifth Ave. down to 32 stories tall, according to recent filings with the New York City Department of Buildings, and Law360 has removed the project from its Tall Buildings Tracker.
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March 20, 2025
Baron Property Clinches $206M Loan To Build Fla. Rentals
Baron Property Group borrowed $206 million from investment advisory firm Post Road Group to build its 661-unit Metro Parc North residential project in Hialeah, Florida, according to a Thursday announcement.
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March 20, 2025
Jurisdictional Uncertainty Helps Preserve Ill. Tax Bias Suit
Cook County property owners who mistakenly brought discriminatory assessment accusations in state court before taking their allegations to federal court can continue pursuing those claims, an Illinois judge said, rejecting the county's timeliness challenge.
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March 20, 2025
Denver Environmental Lawyer Rejoins V&E From Kirkland
Vinson & Elkins LLP has announced the return of a Denver environmental lawyer from Kirkland & Ellis LLP.
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March 19, 2025
Your Competition Is Probably Investing In Their Clients
Legal advisers typically sit beside, not across, from their clients, and advise on deals rather than take part in them.
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March 19, 2025
California Rancheria Can Comment On Casino Land Dispute
A D.C. federal judge has let the Redding Rancheria file a friend of the court brief in two tribes' challenge to the U.S. government's decision to take 221 acres into trust for the rancheria's casino project, ruling it has a special interest in the litigation.
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March 19, 2025
Nashville Developers Land $253M For 30-Story Hotel Tower
Two real estate firms secured a $253 million financing package to build a 30-story hotel and condominium complex in Nashville's Paseo South Gulch district, borrower-side broker Walker & Dunlop said on Wednesday.
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March 19, 2025
Holland & Knight Attys On Undoing GSA Lease Terminations
When the General Services Administration announced it was terminating roughly 1,000 of its leases, a pair of lawyers at Holland & Knight LLP started getting calls from clients. In some cases, they advised them that certain terminations were valid, while in others, they helped to restore improperly terminated leases. The pair recently spoke to Law360 Real Estate Authority on the evolving issue and how they're advising clients going forward.
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March 19, 2025
Law360 Announces The Members Of Its 2025 Editorial Boards
Law360 is pleased to announce the formation of its 2025 Editorial Advisory Boards.
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March 19, 2025
Pot Co. Can't Upend Borough's Support For Rival Shop
A New Jersey appeals panel won't let a would-be Keyport cannabis dispensary prevent the borough from granting support for a cannabis license to one of its rivals, saying the trial court was right to find that the process was not arbitrary or capricious.
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March 19, 2025
Wyo. Prescribes Order For Applying Property Tax Breaks
Wyoming established an order in which property tax exemptions should be applied when multiple exemptions apply to the same property under a bill signed by the governor.
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March 18, 2025
J&J Denies 'Evil Motive' In Face Of $30M Talc Damages
Johnson & Johnson did not act with the kind of "evil motive" that would justify a $30 million punitive damages award to a Connecticut man who won a lawsuit alleging its talc products caused his lung cancer, the company argued Tuesday in state court.

Trade Drives Industrial Demand On Texas Border, Savills Says
A pipeline of speculative construction in markets along the Texas border is among the strongest in the U.S., with imports and exports growing in the region in recent years, although trade policies could spell a possible near-term obstacle, real estate firm Savills said in a recent report.

Owners Probe Refi Possibilities In Clean Energy Finance Tool
After a clean energy finance tool gained steam as a relatively low-cost, long-term financing option, property owners in some states are now leaning on its retroactive capabilities to free up capital and pay down senior lenders.

Paul Hastings Guides Artemis From Founding To Takeover
When Paul Hastings partner Joshua H. Sternoff was initially pitched on repping Debbie Harmon and Penny Pritzker in creating the first women-owned real estate investment business, he thought it was a bet worth taking. About 16 years and several fundraising cycles later, Sternoff and others at Paul Hastings steered Artemis Real Estate Partners through what might be its biggest move yet.
Expert Analysis
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Making The Opportunity Zones Program Great At Last
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.
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Investor Essentials For Buying Federally Owned Property
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.
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How 2025 Is Shaping The Future Of Bank Mergers So Far
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.
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Why NY May Want To Reconsider Its LLC Transparency Law
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.
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Dewberry Ruling Is A Wakeup Call For Trademark Owners
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.
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How GSA Lease Clauses May Affect DOGE Terminations
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.
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What SDNY Judge Can And Can't Do In Adams Case
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.
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Rethinking 'No Comment' For Clients Facing Public Crises
“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.
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Corp. Transparency Act's Future Under Treasury's Bessent
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.
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Nippon Order Tests Gov't Control Over Foreign Investments
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.
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A Look At A Possible Corporate Transparency Act Exemption
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.
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As EPA Backs Down, Expect Enviros To Step Up Citizen Suits
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.
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Emphasize Social Spaces During RE Project Public Review
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.