Commercial

  • July 24, 2024

    Top Texas Real Estate News In 2024 So Far

    Catch up on the hottest real estate news out of Texas so far this year, from data center construction and roadblocks in a major rail project to a Texas landowner's win in a takings suit and the U.S. Department of Justice's first predatory mortgage suit. 

  • July 24, 2024

    Latham-Led Warehouse Giant Lineage Inks Year's Largest IPO

    Cold-storage warehouse giant Lineage Inc. on Wednesday priced an upsized $4.4 billion initial public offering within its range, represented by Latham & Watkins LLP and underwriters counsel Goodwin Procter LLP, marking the year's largest IPO to date.

  • July 24, 2024

    Sidley Austin Guides $565M Miami Office Tower Loan

    OKO Group and Cain International secured a $565 million loan with Sidley Austin LLP's guidance from TYKO Capital for 830 Brickell, an office tower underway at in Miami, Florida, according to a statement from both developers.

  • July 24, 2024

    Mich. Tribunal Upholds $4.4M Value For Car Wash

    A Michigan car wash was correctly valued at $4.4 million, the state Tax Tribunal said after rejecting the property owner's argument that the value should be reduced due to functional obsolescence.

  • July 24, 2024

    Hospital REIT Inks $160M Arizona Emergency Facilities Sale

    Medical Properties Trust announced Wednesday that the real estate investment trust plans to sell eight properties to Dignity Health for $160 million, the latest sale amid a flurry of selling activity by the company.

  • July 24, 2024

    Polsinelli Gains Real Estate Finance Pro In DC From Sidley

    Polsinelli PC announced Wednesday that it has continued to deepen its real estate finance bench with a counsel in Washington, D.C., who arrived from Sidley Austin LLP.

  • July 24, 2024

    3 Takeaways On CFIUS' Bid To Expand Real Estate Coverage

    Real estate practitioners should not overlook the Committee on Foreign Investment in the United States' plan to bring 59 more military sites under its jurisdiction for reviewing land deals, even if the proposal comes as no surprise, attorneys said.

  • July 23, 2024

    Life Science REIT Says Its Future Relies On Mega-Campuses

    Life science-focused real estate investment trust Alexandria Real Estate Equities Inc. told investors during an earnings call Tuesday that it will be focusing on what it calls mega-campus developments in the coming years.

  • July 23, 2024

    Real Estate Sector Wrestles With CrowdStrike Outage

    Days after a sprawling information technology outage affecting 8.5 million Windows devices grounded airplanes and halted a number of services, the toll on the real estate industry — especially for the hospitality sector and financial services firms — is still being revealed.

  • July 23, 2024

    Equity Commonwealth Faces Another Call To Liquidate

    A second investor has called for Equity Commonwealth to begin liquidation proceedings, arguing that the real estate investment trust's statement that it plans to announce a "transformation transaction" or liquidation by year's end is more evidence of poor leadership.

  • July 23, 2024

    KKR Financing REIT Sees The 'Proverbial Light' Ahead

    Executives of KKR & Co.'s financing-focused real estate investment trust struck a hopeful tone about pursuing credit deals in the near future after taking a more guarded approach in the last year, while the company posted fewer losses than it previously forecasted for the second quarter.

  • July 23, 2024

    6th Circ. Affirms Insurer's Early Win In Hail Damage Suit

    A welding company wasn't owed coverage for roof damage caused by wind and a hailstorm, the Sixth Circuit ruled, finding that a lower court didn't err in ruling that a cosmetic-damage exclusion in its policy precludes the damage at issue.

  • July 23, 2024

    Historically Strong SF Life Sciences Market Flounders In Q2

    The San Francisco Bay Area's life sciences sector saw rising occupancy rates and negative net absorption in the second quarter of 2024, with an additional 5 million square feet of life science developments barreling down the construction pipeline, per a CBRE report.

  • July 23, 2024

    Ariz. Justices OK Use Of Power Deal In Plant's Valuation

    An Arizona power plant's income from a power purchase agreement may be considered in the income analysis of the valuation of the property, the state Supreme Court said, sending the matter back to the state tax court.

  • July 23, 2024

    No Victims, No Fraud, Trump Says In $465M Judgment Appeal

    Donald Trump has appealed the $465 million judgment against him, arguing that the New York attorney general exceeded her authority in her civil fraud suit against the former president because the statute in question does not apply to victimless transactions.

  • July 23, 2024

    O'Melveny Advises Bitcoin Miner Cormint On $29M In Funding

    Texas bitcoin mining company Cormint Data Systems Inc. said Tuesday that it has raised $29 million in Series B funding, in a transaction advised by O'Melveny & Myers LLP.

  • July 23, 2024

    Chicago Arena Owners Propose $7B Mixed-Use Project

    The owners of Chicago's United Center, as well as city and community leaders, unveiled a $7 billion investment that aims to build a mixed-use project across more than 55 acres of land near the sports arena, according to a Tuesday announcement.

  • July 23, 2024

    PE Firm Plugs $500M Into Sustainable Real Estate Offshoot

    Private equity firm NGP said Tuesday that it has closed a $500 million fund to invest in clean energy projects days after digital infrastructure site developer Cloverleaf Infrastructure announced a $300 million investment from NGP and Sandbrook Capital.

  • July 22, 2024

    EPA Awards $4.3B In Grants For Climate Change Projects

    The U.S. Environmental Protection Agency said it's steering $4.3 billion in grant funding to 25 projects that promise to help curb greenhouse gas pollution, advance environmental justice and transition the country to clean power.

  • July 22, 2024

    Rail Biz Asks 4th Circ. To Revive Va. Broadband Law Fight

    The Association of American Railroads is asking the Fourth Circuit to step in and put a stop to a Virginia law that allows broadband providers easier access to railroad property, calling it a "supercharged eminent-domain scheme."

  • July 22, 2024

    Steward Health Care Finds Buyers For 2 Hospitals

    Steward Health Care has told a Delaware bankruptcy judge it has found buyers for two of the facilities in its first round of hospital sales in its Chapter 11 case, but three others had attracted no qualified bids.

  • July 22, 2024

    99 Cents Only Pivots To New Buyers After $8M Bid Rescinded

    Discount retail chain 99 Cents Only asked a Delaware bankruptcy court to approve alternative sales for two California real estate parcels after the winning bidder who submitted a $8 million offer failed to close the deal over the last two months.

  • July 22, 2024

    NC State Resolves Cancer Patient's Fight To Test Building

    North Carolina State University and a professor with cancer have ended a dispute over testing a campus building that contains cancer-causing chemicals, with the school telling the state's highest court the parties are ready to move on from that part of the legal dispute.

  • July 22, 2024

    Ohio Tax Board Hikes CVS Property Value Back To $2.3M

    An Ohio CVS had its valuation wrongly decreased to $1.4 million by the local tax board based on increased depreciation values and inferior comparable properties, the state's tax appeals board said, increasing the value back to $2.3 million.

  • July 22, 2024

    Ill. Imposes 20-Year Time Limit On Property Tax Refund Claims

    A 20-year time limit was set on refund requests that result from final orders of the Illinois Property Tax Appeal Board under a bill signed by Gov. J.B. Pritzker. 

Expert Analysis

  • How Retail Tenants Can Avoid Paying Rent Prematurely

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    When negotiating leases for spaces in shopping centers, retail tenants should ensure that the language specifies they only need to begin paying rent when the center is substantially occupied as a whole, as it can be difficult to modify leases that are executed without co-tenancy requirements or termination rights, say Joshua Bernstein and Benjamin Joelson at Akerman.

  • Weisselberg's Perjury At Trial Spotlights Atty Ethics Issues

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    Former Trump Organization executive Allen Weisselberg’s recent guilty plea for perjury in the New York attorney general's civil fraud trial should serve as a reminder to attorneys of their ethical duties when they know a client has lied or plans to lie in court, and the potential penalties for not fulfilling those obligations, say Hilary Gerzhoy and Julienne Pasichow at HWG.

  • Climate Disclosure Mandates Demand A Big-Picture Approach

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    As carbon emissions disclosure requirements from the European Union, California and the U.S. Securities and Exchange Commission take effect, the best practice for companies is not targeted compliance with a given reporting regime, but rather a comprehensive approach to systems assessment and management, says David Smith at Manatt.

  • Playing Hockey Makes Me A Better Lawyer

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    Nearly a lifetime of playing hockey taught me the importance of avoiding burnout in all aspects of life, and the game ultimately ended up providing me with the balance I needed to maintain success in my legal career, says John Riccione at Taft.

  • Trump's NY Civil Fraud Trial Spotlights Long-Criticized Law

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    A New York court’s recent decision holding former President Donald Trump liable for fraud brought old criticisms of the state law used against him back into the limelight — including its strikingly broad scope and its major departures from the traditional elements of common law fraud, say Mark Kelley and Lois Ahn at MoloLamken.

  • $175M Bond Refiled By Trump Is Still Substantively Flawed

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    The corrected $175 million bond posted by former President Donald Trump on Thursday to stave off enforcement of the New York attorney general's fraud judgment against him remains substantively and procedurally flawed, as well as inadequately secured, says Adam Pollock of Pollock Cohen.

  • Calif. Ruling Shows Limits Of Exculpatory Lease Clauses

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    A California court's recent decision in Epochal Enterprises v. LF Encinitas Properties, finding a landlord liable for failing to disclose the presence of asbestos on the subject property, underscores the limits of exculpatory clauses' ability to safeguard landlords from liability where known hazards are present, say Fawaz Bham and Javier De Luna at Hunton.

  • Serving As A Sheriff's Deputy Made Me A Better Lawyer

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    Skills developed during my work as a reserve deputy — where there was a need to always be prepared, decisive and articulate — transferred to my practice as an intellectual property litigator, and my experience taught me that clients often appreciate and relate to the desire to participate in extracurricular activities, says Michael Friedland at Friedland Cianfrani.

  • Payment Provision Lessons From NJ Construction Ruling

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    A New Jersey appellate court's decision in Bil-Jim v. Wyncrest, holding that an American Institute of Architects contract was not an installment contract, highlights both the complexities of statute of limitations calculations and the significant consequences that can arise from minor differences in contract language, say Mitchell Taraschi and Zac Brower at Connell Foley.

  • Spray Painting Makes Me A Better Lawyer

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    My experiences as an abstract spray paint artist have made me a better litigator, demonstrating — in more ways than one — how fluidity and flexibility are necessary parts of a successful legal practice, says Erick Sandlin at Bracewell.

  • A Legal Playbook For Stadium Construction Agreements

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    As a new wave of construction in the professional sports arena space gets underway, owners must carefully consider the unique considerations and risks associated with these large-scale projects and draft agreements accordingly, say attorneys at Akerman.

  • Document Retention Best Practices To Lower Litigation Risks

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    As new technologies emerge and terabytes of data can be within the purview of a single discovery request, businesses small and large should take four document management steps to effectively minimize risks of litigation and discovery sanctions long before litigation ensues, says Kimbrilee Weber at Norris McLaughlin.

  • Riding My Peloton Bike Makes Me A Better Lawyer

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    Using the Peloton platform for cycling, running, rowing and more taught me that fostering a mind-body connection will not only benefit you physically and emotionally, but also inspire stamina, focus, discipline and empathy in your legal career, says Christopher Ward at Polsinelli.