Commercial

  • January 30, 2025

    Industrial Services PE Firm Lands $425M For Debut Fund

    An industrial services-focused private equity firm, guided by Kirkland & Ellis LLP, said Jan. 30 it wrapped its inaugural fund with $425 million in tow.

  • January 30, 2025

    Trump Tariffs Could Raise LA Fire Insurance Recovery Costs

    Large new tariffs under the second Trump administration could increase the cost of recovery efforts in Los Angeles for a series of major fires that are already expected to come with record-setting expenses for the insurance industry, according to experts.

  • January 30, 2025

    Historic Soda Co. Says Ex-Officer's Lease Suit Is 'Revenge'

    Foxon Park Beverages Inc., a century-old soft drink maker in Connecticut, has asked a state court judge to dismiss a lawsuit alleging that it entered into an unfair lease agreement with another company owned by the same family, arguing that the entities' former president brought it for an improper purpose.

  • January 30, 2025

    Agency In NJ Town Loses Retrial Bid In $26M Land-Taking Fight

    A New Jersey federal judge has denied a redevelopment agency's bid for a new trial in a land-taking battle after a jury determined it should pay $25.6 million for a 22-acre former Michelin Tire & Rubber Co. factory, ruling that it failed to meet the high bar set to overturn a verdict.

  • January 30, 2025

    Fla. Board OKs $450M Plan To Build Acute Care Hospital

    A Florida hospital board gave the green light for a $450 million plan to build a six-story, "hurricane-hardened" acute care hospital in North Port, Florida, that's expected to start operating in fall 2028, the Sarasota Memorial Health Care System announced.

  • January 30, 2025

    Croatia Fends Off 2nd Claim Over Luxury Golf Resort

    Croatia has prevailed in a second claim initiated by an Israeli investor in a proposed development of luxury villas, hotels and golf courses after an international tribunal ruled Wednesday that the case repeated previously rejected claims, the country's counsel said.

  • January 30, 2025

    Crypto Cos. Seek $6.3M From Travelers Over Building Fire

    A pair of cryptocurrency mining companies accused two Travelers units of exacerbating their fire loss, telling a Michigan federal court that they negligently allowed individuals to steal their mining machines and hired a debris removal contractor that caused the property to collapse, seeking more than $6.3 million in damages.

  • January 30, 2025

    MoFo Guides Welltower's $900M Senior Living REIT Deal

    Healthcare real estate investment trust Welltower Inc. plans to acquire NorthStar Healthcare Income Inc., a senior living facility REIT, in a $900 million deal led by Morrison Foerster LLP.

  • January 30, 2025

    Fla. Firm's $1M Loan Dispute Returns To NJ State Court

    A New Jersey federal judge has remanded a suit accusing a Florida firm and a lender of fraudulently inducing an investor to make a down payment of more than $1 million on a loan that never materialized, according to a Thursday court order.

  • January 30, 2025

    Blackstone Bullish On Data Center Demand As AI Evolves

    Trillion-dollar asset management firm Blackstone Inc. said it had one of the best quarters in the firm's history in a call with analysts on Thursday, and although real estate was not a bright spot, the firm touted its private credit business and data center demand despite competing Chinese artificial intelligence.

  • January 30, 2025

    Gov't Urges High Court To OK 2nd 'Buffalo Billion' Trial

    The federal government asked the U.S. Supreme Court to clear the way for a second trial in a public corruption case tied to former New York Gov. Andrew Cuomo's "Buffalo Billion" development initiative, saying prosecutors should be allowed to pursue charges under a different theory after the justices undid the original convictions.

  • January 29, 2025

    Experts Expect Tweaks, Not Teardown, For Renewable Credits

    A Trump administration order to pause "green new deal" programs shouldn't halt tax credits for renewable power overnight, legal experts say, even if those programs and others within the 2022 Inflation Reduction Act could face fresh scrutiny.

  • January 29, 2025

    SEC Says PE Firm Defrauded Investors In $1B Fund

    The U.S. Securities and Exchange Commission sued a private equity firm in Florida federal court Wednesday, alleging that it defrauded investors in a $1 billion fund by, among other things, falsely promising to segregate their assets and by transferring tens of millions of dollars into bank accounts held by the fund's leading executives.

  • January 29, 2025

    $17M Punitive Award Reversed In Miami Hotel's Noise Suit

    A Florida state appeals court on Wednesday upheld sanctions against the owner of two Miami Beach hotels for committing fraud on the court in a commercial landlord-tenant dispute, but the court threw out a $17.4 million punitive damages award and ordered a new trial on that issue.

  • January 29, 2025

    Senate Banking Committee Forms NFIP Working Group

    With the National Flood Insurance Program's authorization set to expire in March, the U.S. Senate Committee on Banking has formed a working group to reform the program and work toward long-term reauthorization, a press release from committee chairman and South Carolina Republican Sen. Tim Scott said.

  • January 29, 2025

    Momentary Funding Freeze Gives Brownfields Pause

    President Donald Trump's turbulent 48-hour federal funding freeze sent ripples through the brownfields industry, with developers — who often rely on the federal government as a major funding partner — unsure of the future feasibility of their projects.

  • January 29, 2025

    NYC Seeks Bids For 'Ambitious' Manhattan Redevelopment

    New York City is seeking bids to redevelop the 66,000-square-foot Gansevoort Square area in Manhattan, and bidders have until April 30 to make their pitches, the mayor's office announced Wednesday.

  • January 29, 2025

    Polsinelli Guides $135M Loan Deal For Ex-Pfizer NYC HQ

    Northwind Group, guided by Polsinelli PC, loaned $135 million for a 33-story midtown Manhattan office tower that used to be part of Pfizer's New York City headquarters and will be converted into a residential property, the real estate private equity firm announced Wednesday.

  • January 29, 2025

    Cooper Union Prevails In Dispute Over Chrysler Building

    Cooper Union's response to pro-Palestinian protests on campus does not amount to a breach of contract with the ground leaseholder of the Chrysler Building, which is owned by the university, despite allegations that the college's actions led subtenants to bail, a New York state court judge found Wednesday.

  • January 29, 2025

    Historic Texas Hotel Nets $79M Construction Loan

    The developer of El Tropicano Hotel has closed a $79 million construction loan as it works on overhauling the historic San Antonio, Texas, landmark.

  • January 29, 2025

    Real Estate Group Of The Year: DLA Piper

    The real estate team at DLA Piper over the past year has shepherded deals on matters ranging from massive, billion-dollar data centers to inner city mixed-use projects and what's been widely reported as the largest private real estate development in the United States, securing a place among the 2024 Law360 Real Estate Groups of the Year.

  • January 29, 2025

    Construction Group Of The Year: Nossaman

    Nossaman LLP's work on major projects like the $4.9 billion automated people mover system in Los Angeles International Airport and the $600 million modernization of Interstate 75 in Michigan scored the firm a spot among the 2024 Law360 Construction Groups of the Year.

  • January 29, 2025

    Katten Real Estate Leaders Suggest Prenegotiated Bankruptcy

    Bankruptcy protection is usually a last resort for commercial real estate borrowers. But for a large distressed asset in a high-tax district, a prepackaged bankruptcy is a no-brainer, according to Katten partners Scott M. Vetri and Timothy G. Little. Here's how it would work.

  • January 29, 2025

    Swift Policy Shifts Make Adaptability Crucial In Real Estate

    Few professionals understand the relentless pace of change quite like real estate attorneys do, and navigating the shifting sands of policy is becoming an all too familiar challenge where the only constant seems to be the need for constant adaptation.

  • January 28, 2025

    End To Third-Party Standing May Affect Ga. Civil Rights Suits

    The Supreme Court of Georgia on Tuesday shut down a landowner's bid to sue her county on behalf of the would-be buyer of her property, declaring that Peach State courts will no longer recognize third-party standing as a means for plaintiffs to get in the courthouse's doors in a ruling experts say could have a wide effect on future civil rights cases.

Expert Analysis

  • Best Practices For Lenders To Limit Recourse Liability

    Author Photo

    As projects face loan maturities in a higher interest rate environment, lenders should diligently observe even seemingly innocuous formalities following an event of default in order to minimize potential recourse liability, especially when borrowers have certain covenants, say Ryan Goins and Matthias Kleinsasser at Winstead.

  • The Basics Of Being A Knowledge Management Attorney

    Excerpt from Practical Guidance
    Author Photo

    Michael Lehet at Ogletree Deakins discusses the role of knowledge management attorneys at law firms, the common tasks they perform and practical tips for lawyers who may be considering becoming one.

  • Rising Interest Rates Bring Risk For Construction Contractors

    Author Photo

    With rising interest rates causing many construction projects to be slowed or halted, it's important for general contractors to implement safeguard measures against the risk of significant financial losses caused by owner-driven schedule modifications, says Kevin Riexinger at Gfeller Laurie.

  • Keys To Navigating The Post-Pandemic CRE Market

    Excerpt from Practical Guidance
    Author Photo

    As the commercial real estate market continues to face repercussions from the COVID-19 pandemic, lawyers should use office occupancy and leasing volume numbers to anticipate future trends and help guide clients through an uncertain landscape, says Joseph Calvanico at J2C Valuations.

  • How Rate Exportation Is Shifting Amid Regulatory Trends

    Author Photo

    All banks and their partners, including fintechs, that wish to lend to borrowers in multiple states and charge uniform interest rates should heed regulatory developments across the country and determine how best to mitigate risks in their efforts to offer credit to consumers on a nationwide basis, say attorneys at Ballard Spahr.

  • How The Commercial Real Estate Slump May Weigh On Banks

    Author Photo

    The continuing underperformance of the U.S. commercial real estate market has significant implications for the financial performance and disclosure requirements for various banks, especially regional ones with large debt exposures, say Atanu Saha and Yong Xu at StoneTurn.

  • Negotiating Material Escalation In Construction Contracts

    Author Photo

    As material price escalation clauses have remained popular in construction contracts despite an easing of recent supply chain issues, attorneys representing owners should understand key considerations for negotiating such clauses, and strategies to mitigate potential exploitation by contractors, says H. Arthur Black II at Brooks Pierce.

  • Landlords Should Prep As WeWork Faces Potential Ch. 11

    Author Photo

    After years of financial trouble and the recent announcement that it has substantial doubt that it would be able to continue as a going concern, WeWork may have a bankruptcy filing in its future that would have a significant impact on landlords and other stakeholders who are owed money by the company, say attorneys at Cadwalader.

  • Key Drivers Behind Widespread Adoption Of NAV Financing

    Author Photo

    While net asset value-based lending has existed for years, NAV lending has only started to move into the mainstream recently — likely due to difficult market conditions faced by sponsors including persistent inflation, high interest rates and a lack of exit opportunities, say Matthew Kerfoot and Jinyoung Joo at Proskauer.

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

    Author Photo

    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

    Author Photo

    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
    Author Photo

    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

    Author Photo

    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.