Commercial

  • March 07, 2025

    Utah Court Affirms Walmart's Collective $52M Property Value

    A trio of Utah-based Walmart retail properties were correctly assessed at a collective $52 million for property tax, a Utah appeals court said, finding that a lower court didn't make any errors when valuing the three properties.

  • March 07, 2025

    Manhattan Offices See Leasing Boost In 2025, CBRE Says

    The office market in Manhattan has seen a 49% year-over-year boost in leasing activity so far in 2025, the strongest start to a year since 2014, CBRE said.

  • March 07, 2025

    Real Estate Lender Caused 'Precipitous' Stock Drop, Suit Says

    Commercial real estate lender Ready Capital Corp. caused its securities to see a "precipitous decline in market value" because it kept investors in the dark on issues that included several of its nonperforming loans being likely uncollectible, according to a proposed class action filed in New York federal court.

  • March 07, 2025

    DOJ Cites SDNY Prosecutors' Texts In Bid To End Adams Case

    President Donald Trump's Justice Department doubled down Friday on its bid to toss the corruption case against New York City Mayor Eric Adams, citing newly released internal correspondence showing "troubling conduct" by Southern District of New York prosecutors the agency criticized as "careerist" and insubordinate.

  • March 07, 2025

    O'Melveny Guides Texas Data Center's Wind Power Buy

    O'Melveny & Myers LLP advised data center developer and operator Soluna Holdings Inc. on a power purchase deal with the owners of the Las Majadas Wind Project in southern Texas to arrange energy supply for a data center that's expected to be built nearby.

  • March 07, 2025

    Herrick Feinstein Adds Commercial Litigation Partner In NY

    Herrick Feinstein LLP made its third "senior" hire in 2025 for its litigation department by bringing on an experienced commercial litigation attorney who specializes in real estate as a new partner for its New York City office, the firm announced.

  • March 07, 2025

    Retrial In Landmark Graft Case Faces Potential Roadblocks

    A retrial in a public corruption case tied to an infrastructure initiative under former New York Gov. Andrew Cuomo faces possible obstacles after being returned to a federal judge by the U.S. Supreme Court, with the parties awaiting further legal guidance from the justices and the defense saying the Trump administration's priorities may sink the case.

  • March 07, 2025

    How A Showcase Prosecution Collapsed For New Jersey's AG

    New Jersey Attorney General Matthew Platkin took a risk that backfired when he used over 100 pages to lay out his case accusing George E. Norcross III, one of the Garden State's most influential businessmen, of leading a racketeering enterprise to deepen his commercial footprint in a struggling city.  

  • March 07, 2025

    Simpson Thacher-Led Blackstone Bags $8B For RE Debt Fund

    Blackstone said Friday that it has closed an $8 billion fund to invest in global real estate opportunities, with Simpson Thacher & Bartlett LLP advising.

  • March 06, 2025

    Feds Say 11th Circ. Should Affirm Value Of Ex-Braves' Farm

    Despite dropping a bid for civil fraud penalties this week against two former Atlanta Braves players accused of overvaluing a conservation easement donation, the federal government has told the Eleventh Circuit it still stands by a U.S. Tax Court ruling that the players' valuation of the property was "firmly planted in the realm of fantasy."

  • March 06, 2025

    Kirkland & Ellis Guides $645M NYC Office Refi

    An entity connected to Milstein Properties Corp. borrowed more than $644 million from JPMorgan Chase Bank NA, in a deal advised by Kirkland & Ellis LLP for the refinancing of a midtown Manhattan office building near Grand Central Station, according to official property records.

  • March 06, 2025

    Kroenke Seeks Denver Special District For Ball Arena Plan

    Billionaire Stan Kroenke has filed petitions in state court to establish a special district as part of a plan to develop 64 acres of parking lots near Denver's Ball Arena into a $685 million development that would aim to build a new downtown neighborhood through 2050.

  • March 06, 2025

    NJ Developer, Conn. Atty Settle Suit Over Alleged $1.4M Scam

    A New Jersey real estate developer and Connecticut attorney Carole W. Briggs have settled a federal lawsuit that accused the lawyer and an associate of pulling off a business email compromise scam that caused more than $1.4 million in losses, court records show.

  • March 06, 2025

    Insurance Mogul Can Pursue $8.2M Battle Over NC Office Park

    Convicted insurance mogul Greg Lindberg and his company Global Growth Holdings Inc. will have another shot at counterclaims in an unpaid rent lawsuit against another company once owned by Lindberg, a North Carolina state appeals court ruled Wednesday.

  • March 06, 2025

    Pot Co. Sues Mich. City Over 'Unlawful' Licensing Decision

    A would-be dispensary sued the city of Auburn Hills, Michigan, in federal court on Thursday, alleging that the city disregarded its own voter-approved adult-use licensing ordinance when it approved four licenses last year.

  • March 06, 2025

    Everton Football Club Lands £350M In Stadium Financing

    Business conglomerate The Friedkin Group completed a £350 million ($451 million) deal that will refinance what was borrowed to complete its 52,888-seat stadium for its Everton Football Club in Liverpool, United Kingdom, the team announced Thursday.

  • March 06, 2025

    NJ Atty Seeks Exit From Developer Suit Over Escrow Cashout

    A New Jersey attorney who served as agent on an escrow agreement asked to escape a developer's lawsuit that came after a venture capital firm failed to produce a $6 million loan to build a luxury hotel in Taos, New Mexico.

  • March 06, 2025

    IRS Can't Defend Slashing Of Easement Value, 11th Circ. Told

    Conservation easement donors whose charitable tax deduction was reduced by millions of dollars by the U.S. Tax Court criticized the Internal Revenue Service's defense of the decision, telling the Eleventh Circuit the ruling ignored copious evidence of the property's value underlying the donation's worth.

  • March 06, 2025

    New York Real Estate Cos. Seek Ch. 11 Protection

    Two real estate companies facing foreclosure litigation sought bankruptcy protection in New York each listing at least $10 million in debt.

  • March 05, 2025

    Diamondhead Casino Creditors Say Ch. 7 Is Only Path

    A group of creditors that forced casino developer Diamondhead Casino into a Delaware Chapter 7 case said in a post-trial brief the proceeding should stay in place because it is the best chance for all creditors to receive recoveries on their claims against the debtor, which has been unable to monetize its assets for years.

  • March 05, 2025

    GSA No-Shows As Lawmakers Question Real Estate Cuts

    An official at the General Services Administration, which said this week it will sell more than 440 "non-core" assets, didn't show up to answer to lawmakers during a hearing Wednesday on ongoing cuts to the federal real estate portfolio.

  • March 05, 2025

    GSA Publishes, Then Pulls List Of Properties It Could Dispose

    The U.S. General Services Administration on Wednesday removed a list of 440 properties that it considered inessential and said warranted disposal — including several courthouses and buildings used as headquarters for various agencies — the day after announcing it had identified them as "non-core assets."

  • March 05, 2025

    Judge Says DC Union Station Foreclosure Fight Too Late

    A New York federal judge has cemented the transfer of Washington, D.C.'s Union Station to a South Korean bank, finding the borrower should have raised concerns about the mezzanine lender's foreclosure before an auction was held.

  • March 05, 2025

    Penzance Scoops Up $55M Va. Industrial Portfolio

    Penzance paid $55 million for a 212,086-square-foot Manassas, Virginia, industrial portfolio that has six buildings, the real estate company announced Wednesday.

  • March 05, 2025

    Real Estate Lawyers On The Move

    Greenberg Traurig and Rosenberg & Estis are among the law firms that have made recent real estate or construction hires.

Expert Analysis

  • Smith's New Trump Indictment Is Case Study In Superseding

    Author Photo

    Special counsel Jack Smith’s recently revised Jan. 6 charges against former President Donald Trump provide lessons for prosecutors on how to effectively draft superseding indictments in order to buttress or streamline their case, as necessary, says Jessica Roth at Cardozo Law School.

  • Consider Best Legal Practices For Commissioning Public Art

    Author Photo

    Commissioning public art for real estate projects can provide many benefits to real estate developers and the public, but it's important to understand the unique legal and contracting aspects of the process to ensure that projects are completed on time and on budget, says Sarah Conley Odenkirk at ArtConverge.

  • Applying High Court's Domestic Corruption Rulings To FCPA

    Author Photo

    After the U.S. Supreme Court narrowed the domestic corruption statutes in three decisions over the past year and a half, it’s worth evaluating whether these rulings may have an impact on Foreign Corrupt Practices Act enforcement, and if attorneys can use the court’s reasoning in international bribery cases, says James Koukios at MoFo.

  • Climate Among Many Factors Driving Up RE Insurance Costs

    Author Photo

    A proactive approach to risk management may determine the viability of the U.S. commercial real estate sector as weather crises and other factors drive insurance costs higher, says Ulrick Matsunaga at Crosbie Gliner.

  • Bid Protest Spotlight: Debriefings, Timeliness, Documentation

    Author Photo

    ​James Tucker at MoFo examines three recent decisions from the Federal Circuit, the U.S. Government Accountability Office and the U.S. Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests.

  • A Look At Recent Case Law On Expedited Judgment In NY

    Author Photo

    A number of recent New York state court decisions clarify and refine the contours surrounding Civil Practice Law and Rule 3213, providing landlords, lenders and other payees guidance on how to seek accelerated judgment in certain litigation, says Alexander Lycoyannis at Holland & Knight.

  • Dealmaker Lessons From CFIUS' New Enforcement Webpage

    Author Photo

    The Committee on Foreign Investment in the United States’ recently launched webpage, which details the actions — and inactions — that led to enforcement activity, provides important insights for dealmakers about filing requirements, mitigation commitments and the cost of noncompliance, say attorneys at Dechert.

  • Reassessing Lease Provisions To Account For ESG Initiatives

    Author Photo

    As companies seek to build ESG considerations into their businesses, it's crucial to understand how such initiatives can quickly become significant enough to compel reassessment of lease agreement provisions, and how best to modify leases accordingly, say Julian Freeman and Gabe Pitassi at Cox Castle.

  • Avoid Getting Burned By Agencies' Solar Financing Spotlight

    Author Photo

    Recently coordinated reports and advisories from the U.S. Department of the Treasury, the Consumer Financial Protection Bureau and the Federal Trade Commission maximize the spotlight on the consumer solar financing market and highlight pitfalls for lenders to avoid in this burgeoning field, says Mercedes Tunstall at Cadwalader.

  • Co-Tenancy Clause Pointers For Shopping Center Landlords

    Author Photo

    Large retail tenants often require co-tenancy provisions in their leases, entitling them to remedies if a shopping center's occupancy drops in certain ways, but landlords must draft these provisions carefully to avoid giving tenants too much control, says Gary Glick at Cox Castle.

  • Assessing Algorithmic Versus Generative AI Pricing Tools

    Author Photo

    A comparison of traditional algorithmic pricing models and those powered by generative artificial intelligence can help regulators and practitioners weigh the pros and cons of relying on large language models to price products or services, say Maxime Cohen at McGill University, and Tim Spittle and Jimmy Royer at Analysis Group.

  • Navigating A Potpourri Of Possible Transparency Act Pitfalls

    Author Photo

    Despite the Financial Crimes Enforcement Network's continued release of guidance for complying with the Corporate Transparency Act, its interpretation remains in flux, making it important for companies to understand potentially problematic areas of ambiguity in the practical application of the law, say attorneys at Sidley.

  • Keys To Successful Commercial Property Insurance Claims

    Excerpt from Practical Guidance
    Author Photo

    While insurance needs for commercial leasing arrangements are driven by the characteristics of the premises and the nature of the tenants' intended operations, there are several universal best practices landlords and their counsel can follow when making claims after loss or damage.