Commercial

  • February 10, 2025

    Calif. Tribe Says DOI Gives It No Protection In Casino Row

    The Federated Indians of Graton Rancheria told a California federal judge that the U.S. Department of the Interior filed an incomplete status report about how it will monitor another tribe's project plans for the construction of a casino, saying the report fails to protect FIGR.

  • February 10, 2025

    Ill. House Bill Seeks Study Of Eliminating Property Tax System

    Illinois would direct its Department of Revenue and the governor's Office and Management and Budget to determine the possibility of eliminating the state's property tax system and replacing the revenue with income tax receipts under a bill introduced in the state House of Representatives.

  • February 10, 2025

    Simpson Thacher Brings On Registered Funds Partner In NY

    Simpson Thacher & Bartlett LLP has hired a New York-based partner in its registered funds practice to focus on real estate and capital markets, the firm said Monday.

  • February 10, 2025

    Greenberg Traurig, Kirkland Guide $195M Hotel, Condo Loan

    Property owner, operator and developer GFI Capital Resources Group Inc. borrowed a $195 million mortgage loan for its downtown Manhattan hotel and condominium building in a deal guided by Greenberg Traurig LLP and Kirkland & Ellis LLP.

  • February 10, 2025

    NYC Real Estate Week In Review

    Greenberg Traurig, McDermott Will & Emery and Pryor Cashman are among the law firms that landed work on the largest New York City real estate deals that hit public records last week, with an SL Green Realty Manhattan transaction leading the way.

  • February 10, 2025

    Latham, Hogan Lovells Advise Hyatt's $2.6B Playa Hotels Buy

    Latham & Watkins LLP guided Hyatt Hotels Corp. on a $2.6 billion acquisition announced Monday of Playa Hotels & Resorts NV — which operates resorts in Mexico, the Dominican Republic and Jamaica — and worked with Hogan Lovells on the deal.

  • February 10, 2025

    Ill. Bill Seeks Income Tax Break For Child Care Property Tax

    Illinois would create an individual and corporate income tax deduction for property taxes paid by privately owned child care centers under a bill introduced in the state House of Representatives.

  • February 07, 2025

    Project Foes Face Suit Over Pittsburgh Gay Bar Historic Filing

    A developer and the estate for the former owner of a landmark Pittsburgh gay bar have sued two residents of the city's Polish Hill neighborhood, claiming they moved to deem the property historic as a ploy to frustrate plans for a market-rate housing project at the site.

  • February 07, 2025

    Appellate Court OKs Trim Of Goldman Family Portfolio Battle

    A New York state appellate court affirmed a trial court's toss of several claims brought against the late Sol Goldman's real estate empire by inheritors who allege his daughter squeezed them out of the family business and manipulated an appraisal when they sought to cash out on their stake.

  • February 07, 2025

    Property Plays: KKR, Freshfields, Sonesta

    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.

  • February 07, 2025

    Industrial REIT Says Interest Rates Dampen 2025 Outlook

    A Rexford Industrial Realty Inc. executive told investors that, while the real estate investment trust had "solid results" in the fourth quarter, high interest rates and other economic factors are poised to slow its growth in 2025.

  • February 07, 2025

    Judge Sides With Ga. Railroad In Eminent Domain Battle

    A Georgia state court judge sided Thursday with a railroad company in an eminent domain fight with residents opposing the construction of a rail spur through their property, upholding a Georgia Public Service Commission ruling that gave the green light to the condemnation.

  • February 07, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    A onetime financial adviser to UpHealth is opposing the debtor's Chapter 11 plan, Hearthside Food Solutions' official committee of unsecured creditors has balked at the company's executive bonus proposal in bankruptcy, and one-time investors in defunct real estate investment firm RealtyShares willingly dismissed a suit against the firm's former directors, litigation that had outlived the firm's Chapter 7 by more than a year.

  • February 07, 2025

    Ballard Spahr Prepares Move To New Downtown Denver Office

    Ballard Spahr LLP plans to move 60 of its attorneys and other employees to a new downtown Denver office in August, having signed an 11-year lease for 19,000 square feet of space, the law firm announced Friday.

  • February 07, 2025

    Katten Real Estate Partner Joins Greenberg Traurig In Chicago

    Greenberg Traurig LLP has added former Katten Muchin Rosenman LLP partner Daniel Elrod as a shareholder in its Chicago real estate practice, bringing experience advising debt funds, life insurance companies and institutional lenders on a variety of deals.

  • February 07, 2025

    Aztec Fund To Sell 3 Office Buildings To Settle Ch. 11 Dispute

    Private equity investment group Aztec Fund told a Texas bankruptcy judge Friday it will sell three office buildings and aim to liquidate through Chapter 11 to resolve a dispute over the insolvency case with Bank of America.

  • February 07, 2025

    2 RE Execs, Brother Assaulted 60 Women, Feds Say

    Three brothers from Florida, including two prominent real estate executives, denied sex-trafficking charges in Manhattan federal court Friday alleging they conspired to drug and rape women, as a prosecutor said the authorities have interviewed over 60 victims.

  • February 06, 2025

    Atlanta Can't Dodge Suit Over Foiled Starbucks Development

    The City of Atlanta can't dodge allegations from a property owner that it illegally condemned a disused fast food joint, and in doing so foiled his plans to redevelop the land into a Starbucks coffee shop, a Georgia federal judge said Thursday.

  • February 06, 2025

    Policyholder Attys See Calif. Smoke Case As Boon For LA

    Smoke-damaged businesses in Los Angeles could benefit from a California federal court decision in January that likened smoke to asbestos, while differentiating smoke from viruses for insurance coverage purposes, according to policyholder attorneys.

  • February 06, 2025

    SL Green, RXR To Appeal NYC Office Renovation Funds Fight

    A joint venture between SL Green Realty Corp. and RXR Realty plans to appeal a New York state court finding that an affiliate of the mostly defunct New York REIT can do what it wants with a $90.7 million pot set aside for major renovations of the jointly owned Worldwide Plaza.

  • February 06, 2025

    Pot Co. Jushi Can't End Rival Shop's Antitrust Claims

    Cannabis distributor Jushi Holdings could plausibly be shown to have taken advantage of a Massachusetts town's retail marijuana permitting process and conspired with the sellers of a shop it purchased in 2021 to block a competitor from opening nearby, a Massachusetts federal judge ruled.

  • February 06, 2025

    Nixon Peabody Adds Greenberg Glusker Cannabis Co-Chair

    Nixon Peabody LLP is boosting its West Coast litigation team, bringing in a former federal prosecutor, who was most recently the founder and co-chair of the cannabis practice at Greenberg Glusker LLP, as a partner in its Los Angeles office.

  • February 06, 2025

    PFAS Landscape Likely To Change Again In 2025, Atty Says

    Property developers were thrown into a new regulatory landscape in 2024 when the U.S. Environmental Protection Agency designated two PFAS as hazardous substances, but there appears to be even more upheaval on the horizon.

  • February 06, 2025

    Fried Frank Advises Carr Properties On Freshfields' DC Move

    New York law firm Freshfields Bruckhaus Deringer LLP agreed to take three floors as it moves to a new office in Washington, D.C., with Fried Frank Harris Shriver & Jacobson LLP advising landlord Carr Properties on the deal.

  • February 05, 2025

    Loeb & Loeb Real Estate Leaders Eye Tariff Mitigation

    In the first in a series of Q&As on the Trump administration’s tariffs and their impact on the U.S. construction industry, Law360 Real Estate Authority chatted with two experts at Loeb & Loeb LLP.

Expert Analysis

  • Conn. Ruling Highlights Keys To Certificate-Of-Need Appeals

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    The Connecticut Supreme Court's recent decision in High Watch Recovery Center v. Department of Public Health, rejecting rigid application of statutes concerning certificate-of-need procedure, provides important guidance on building an administrative record to support a finding that a case is contested, say attorneys at Robinson & Cole.

  • Pickleball Makes Waves In Fla. Real Estate, With Risks In Play

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    Pickleball's burgeoning popularity in Florida is catalyzing a transformation in the state's commercial real estate market, but investors must take steps to navigate legal challenges related to noise, insurance and community dynamics, says Emmanuelle Litvinov at DarrowEverett.

  • 4 Business-Building Strategies For Introvert Attorneys

    Excerpt from Practical Guidance
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    Introverted lawyers can build client bases to rival their extroverted peers’ by adapting time-tested strategies for business development that can work for any personality — such as claiming a niche, networking for maximum impact, drawing on existing contacts and more, says Ronald Levine at Herrick Feinstein.

  • What Calif. Pot Permit Ruling Means For Enviro Compliance

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    While a California appeals court's recent decision in Lucas v. City of Pomona affirms the city's use of a statutory exemption for its commercial cannabis overlay permit program, the ruling does not mean that all applicants seeking similar approvals are exempted from state environmental compliance obligations, say Whitney Hodges and Barbara Machado at Sheppard Mullin.

  • Rare Reg A+ Fines Reflect New Era Of SEC Enforcement

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    The U.S. Securities and Exchange Commission's recent announcement of civil penalties against 10 microcap companies for violations of Regulation A+ shows that as the SEC continues to expand its enforcement efforts, its focus remains on protecting investors of all sizes — including those investing in the historically less-scrutinized Reg A+ issuers, say attorneys at Crowell & Moring.

  • Factors To Consider When Structuring Data Center Contracts

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    Data center leases and service agreements grant very similar rights and impose similar obligations, but they also hold notable differences and a range of factors that are important to consider when selecting which form of agreement to use, say attorneys at Mayer Brown.

  • Rethinking Mich. Slip-And-Fall Defense After Top Court Ruling

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    The Michigan Supreme Court recently overturned three decades of premises liability jurisprudence by ruling that the open and obvious danger defense is no longer part of a traditional duty analysis, posing the question of whether landowners will ever again win on a motion for summary dismissal, say John Stiglich and Meriam Choulagh at Wilson Elser.

  • Subchapter V Eligibility Ruling Raises Uncertainty For Tenants

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    A Virginia bankruptcy court’s recent ruling in Macedon Consulting — that all remaining rent under a lease should be factored into a lessee's Subchapter V eligibility — raises the question, but does not address, how a court should calculate the amount of debt owed under a lease, creating significant risk for potential tenant debtors, says Sam Ashuraey at Ashuraey Law.

  • Parsing Tax Implications Of NYC Office Leasing Transactions

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    Though New York City's tax laws generally do not require negotiated contractual risk allocation in the case of sublease and early lease termination transactions, it is still helpful for counsel to both landlords and tenants to understand the laws' nuances, say attorneys at Lowenstein Sandler.

  • NY's Take On Premises Insurance Policies: What's In A Name?

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    A New York appellate court's recent decision in Wesco Insurance v. Fulmont Mutual Insurance — requiring insurance coverage for a property owner not named on the policy — strengthens a state case law trend creating a practical exception in premises liability cases to normally strict requirements for coverage, says Craig Rokuson at Traub Lieberman.

  • Bankruptcy Ruling Shows Section 363's Magic Has Its Limits

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    The Ninth Circuit Bankruptcy Appellate Panel's recent ruling in Groves demonstrates that Section 363 — which allows a debtor-in-possession to sell their property in order to generate cash — fails as a tool when it’s used to turn a nondebtor entities' property into property of a debtor's bankruptcy estate, says Brian Shaw at Cozen O'Connor.

  • Shifts In The CRE Landscape Demand Creative Loan Solutions

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    An increase in commercial real estate loan workouts makes it critical for borrowers, lenders and other CRE participants to examine all the available options and remedies, including mortgage and mezzanine foreclosures, bankruptcy filings and property short sales, say attorneys at Goulston & Storrs.

  • A Smoother Process For CRE Receiverships In Conn.

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    A newly effective Connecticut law concerning distressed commercial real estate provides a number of opportunities and strategic considerations for creditors, and should be watched even by counsel in other states as adoption of the law could become more widespread, say John Loughnane and Steven Coury at White and Williams.