Commercial

  • January 28, 2025

    BCLP Adds Ex-Brownstein Hyatt Real Estate Atty In Denver

    Bryan Cave Leighton Paisner LLP hired a former Brownstein Hyatt Farber Schreck LLP real estate attorney as a partner for its commercial real estate team in its Denver office, the firm announced Monday.

  • January 28, 2025

    Ohio Board Nixes Bid To Cut Regal Theater's Value

    The Ohio Board of Tax Appeals rejected arguments that a Regal Cinemas property's value should be cut to $4 million from $11.6 million, saying the property owner didn't show that a county appraiser's valuation based on leases and rents of similar properties across seven states was flawed.

  • January 28, 2025

    Industrial Developer Invests $120M Into NC Distribution Center

    PNK Group invested $120 million into a High Point, North Carolina, distribution center that it built on behalf of water hygiene and conservation company Ecolab Corp., the industrial property developer announced Tuesday.

  • January 28, 2025

    Guns Owners Urge Justices To Throw Out NY Carry Law

    Members of the Gun Owners of America Inc. have petitioned the U.S. Supreme Court to overturn a New York carry law that the Second Circuit largely upheld last year, arguing that the lower appellate court's ruling "doubled down" on erroneous conclusions already vacated the last time the justices heard the case.

  • January 28, 2025

    Greenberg Traurig Digital Infrastructure Leader Joins Kirkland

    Kirkland & Ellis LLP has picked up the longtime co-chair of Greenberg Traurig LLP's digital infrastructure, data center and cloud computing industry group, who has joined the firm's corporate practice group in Washington, D.C.

  • January 28, 2025

    Wynn Fraud Trial Still On As Appeals Court Declines To Step In

    A Wynn Resorts subsidiary cannot challenge a decision allowing a trial on accusations that it misled the former owner of the site of its Encore Boston Harbor casino into cutting the property's sale price by $40 million, the state's intermediate-level appeals court has ruled.

  • January 28, 2025

    NY Assembly Bills Seek Tax On Vacant Land, Buildings In NYC

    New York City would be permitted to impose taxes on certain vacant land and vacant residential properties under a pair of bills introduced in the New York state Assembly.

  • January 28, 2025

    Slaughter & May-Led JV To Buy 6 Warehouses Worth €470M

    Property investor Segro PLC said Tuesday that its joint venture with a pension fund has agreed to acquire six logistics centers in the Netherlands and Germany worth €470 million ($490 million), as the U.K. company plans to expand its presence in Europe.

  • January 27, 2025

    Feds May Trim $2B In Leases Over Trump's Term, Trepp Says

    Following President Donald Trump's order on Inauguration Day that federal workers return to the office, a Trepp report finds more than a third of all office space leased by the federal government could potentially be terminated during Trump's second term.

  • January 27, 2025

    Amazon To Open Office In Miami's Wynwood District

    Amazon has chosen Miami's Wynwood neighborhood for a new location in the Magic City, agreeing to lease 50,333 square feet at the soon-to-be-completed Wynwood Plaza mixed-use project, the owners said Monday.

  • January 27, 2025

    Party City Inks Deal To Sell IP, Assets In 2nd Ch. 11

    Bankrupt retailer Party City has reached a stalking horse agreement to sell its brand name, other intellectual property and related operating assets to an affiliate of the pop culture merchandiser Ad Populum LLC, which owns the brand behind Chia Pet and is an owner of the entertainment complex at Elvis Presley's home Graceland.

  • January 27, 2025

    Late Filings Didn't Stymie Tax Challenges, Conn. Justices Say

    Failing to file timely appraisals on commercial properties valued over $1 million was not fatal to several owners' tax assessment challenges under a new state law, the Connecticut Supreme Court ruled Monday, agreeing that a trial judge properly reopened the cases months after a missed deadline.

  • January 27, 2025

    Office CMBS Delinquency Rate Rises To All-Time High Of 11%

    Some commercial mortgage-backed securities continued to go underwater in December, with the office sector's delinquency rate hitting a record 11.01% and the biggest, newly delinquent piece of debt being a $670 million loan backed by Manhattan's 230 Park Ave., according to Trepp data on Monday.

  • January 27, 2025

    NJ Shortens Window For Use Of Redevelopment Tax Credits

    New Jersey reduced the time in which tax credits for certain mixed-use and commercial real estate redevelopment projects must be used after approval as part of a bill signed by Gov. Phil Murphy.

  • January 27, 2025

    NYC Real Estate Week In Review

    Seyfarth Shaw and Nixon Peabody are among the law firms that scored work on the largest New York City real estate deals that hit public records last week, with a pair of transactions in Brooklyn leading the way.

  • January 27, 2025

    High Court Skips Golf Course Investors' Class Cert. Bid

    The U.S. Supreme Court on Monday rejected a review petition filed by Chinese investors who wanted class certification for their Ponzi scheme suit against a Chinese citizen accused of misusing the investors' money to buy multiple golf courses and other properties in South Carolina.

  • January 27, 2025

    Loeb & Loeb Adds Another Morrison Cohen Partner

    Commercial real estate attorney Gillian Kessler became the latest Morrison Cohen LLP partner to leave the firm for Loeb & Loeb, according to an announcement.

  • January 27, 2025

    Mo. Tax Commission Lowers T-Mobile Towers' Value

    Two T-Mobile cell towers in Missouri should have their value lowered after the company provided a thorough inspection that properly accounted for depreciation, the state's tax commission ruled.

  • January 27, 2025

    Barings, Apollo Ink $113M Refinancing For Indianapolis Hotel

    Barings said Monday that it worked with Apollo Global Management to provide $113 million in refinancing for a hotel in downtown Indianapolis owned by an affiliate of KSL Capital Partners.

  • January 27, 2025

    Proskauer Brings On MoFo REIT Expert As M&A Partner In DC

    Proskauer Rose LLP has added a former co-chair of Morrison Foerster LLP's real estate investment trust practice as a mergers and acquisitions partner in its Washington, D.C., office, the firm announced Monday.

  • January 27, 2025

    High Court Passes On Solar Project Fine Levied Without Jury

    The U.S. Supreme Court on Monday declined to review the Vermont Supreme Court's ruling that the state Public Utility Commission has the authority to bypass a jury trial and unilaterally impose civil penalties on solar energy project backers that allegedly cleared land without a permit.

  • January 24, 2025

    Various Law Offices Evacuated As Hughes Fire Burns Nearby

    Within hours of igniting Wednesday, the Hughes Fire became the third-largest blaze to affect Los Angeles County this month — and prompted various lawyers in the area to evacuate their offices.

  • January 24, 2025

    Property Plays: AT&T, Blue Owl, Flow Life

    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.

  • January 24, 2025

    NJ Judge Rejects Bid For New Trial In Red Roof Inn Deal

    A New Jersey state judge has rejected a bid for a new trial over a deal gone wrong to purchase a Red Roof Inn, ruling two witnesses who asserted their Fifth Amendment rights outside of the jury's presence had no bearing on the jury's verdict.

  • January 24, 2025

    Gordon Rees Expands Litigation Bench With Atlanta Partner

    Gordon Rees Scully Mansukhani LLP has added a former Gray Rust St. Amand Moffett & Brieske LLP partner in Atlanta, strengthening the firm's commercial litigation practice.

Expert Analysis

  • SVB Collapse Underscores Policy And Regulatory Pitfalls

    Author Photo

    The recent failures of three American banks reveal hidden vulnerabilities, raise concerns about moral hazard, and highlight the need for tighter regulation and closer monitoring of unrealized investment-portfolio losses in the U.S. banking system, says attorney Patrick Meson.

  • NY Bankruptcy Court Pivots On Commercial Rent Damage Cap

    Author Photo

    A New York bankruptcy court departed from its prior precedent in the recent Cortlandt Liquidating case, effectively lowering the commercial rent damages cap, and making the court a little less friendly for landlords but potentially an attractive venue for debtors planning to reject significant commercial leases, say attorneys at MoFo.

  • Bankruptcy Sales Uncertain After Justices' Section 363 Ruling

    Author Photo

    The U.S. Supreme Court's holding in MOAC v. Transform that Section 363(m) of the Bankruptcy Code is not a jurisdictional provision means parties to 363 sales are now at the mercy of courts that may have differing perspectives on the issue, creating uncertainty for trustees, third parties and purchasers, say Thomas Loeb and Carrie Brosius at Vorys.

  • Commercial Real Estate Lending Checkup Amid Market Unrest

    Author Photo

    Given the sustained volatility of current lending markets, now may be a good time for financing institutions to dust off their commercial real estate agreements and update them if necessary, say Emil Petrossian and Alexander Miller at Glaser Weil.

  • La. Suit Could Set New Enviro Justice Litigation Paradigm

    Author Photo

    Inclusive Louisiana v. St. James Parish, a lawsuit filed recently in Louisiana federal court that makes wide-ranging and novel constitutional and statutory claims of environmental racism based on centuries of local history, could become a new template for environmental justice litigation against governments and businesses, say attorneys at King & Spalding.

  • Policyholder Lessons From Sandy No-Coverage Decision

    Author Photo

    A New York federal court recently decided that in the aftermath of Hurricane Sandy, Madelaine Chocolate knew Great Northern Insurance’s all-risk policy offered no coverage for storm surge — an important reminder that policyholders should review policy language for ambiguities or anti-concurrent causation clauses, say Dennis Artese and Joshua Zelen at Anderson Kill.

  • 5th Circ. Offers Expert Opinion Guidance For Insurance Cases

    Author Photo

    A recent Fifth Circuit decision in Majestic Oil v. Lloyd's of London provides insight into how Texas' concurrent causation doctrine could affect insurance cases where the cause of damage is at issue, and raises considerations for litigants faced with new or revised expert reports after the deadline has passed, say Brian Scarbrough and Cianan Lesley at Jenner & Block.

  • FTC Proposal Greatly Widens Auto-Renewal Regulation

    Author Photo

    The Federal Trade Commission's proposed rule on automatic renewal subscriptions would impose significant new obligations on sellers of negative option plans and expand the agency's enforcement powers, likely requiring companies to examine and change their practices, say attorneys at Squire Patton.

  • Now Is The Time For Independent Industry Self-Regulation

    Author Photo

    The high level of trust in business, coupled with the current political and legal landscape, provides an opportunity for companies to play a meaningful role in finding solutions to public policy issues through the exploration of independent industry self-regulation models, says Eric Reicin at BBB National Programs.

  • 20 Years On, Campbell Holds Lessons On Reining In Ratios

    Author Photo

    Twenty years ago, the U.S. Supreme Court's decision in State Farm v. Campbell provided critical guidance on the constitutionally permissible ratio of punitive to compensatory damages — and both Campbell and subsequent federal circuit court decisions informed by it offer important pointers for defendants, say attorneys at Dechert.

  • How Bank Turmoil Is Affecting Real Estate Purchases, Sales

    Author Photo

    The new uncertainty in the availability of financing from bank lenders that were previously considered "money good," spurred by the bank crisis, has inserted a wrinkle in the commercial real estate market that alters some of the dynamics between a buyer and seller, says Simran Bindra at Thompson Coburn.

  • How CMS Proposal Would Change PE Deal Transparency

    Author Photo

    The Centers for Medicare and Medicaid Services recently proposed a new rule that would require the disclosure of additional ownership regarding Medicare and Medicaid nursing facilities, an approach that many states have started to take and reflects the Biden administration's scrutiny on private equity deals, say attorneys at Kirkland.

  • How Cannabis Cos. Can Comply With NJ Industrial Site Law

    Author Photo

    As New Jersey’s recreational cannabis market flourishes, manufacturers that may be subject to a state environmental law must take extra precautions to mitigate potential liabilities and costs, including for historical contamination, says Matthew Karmel at Offit Kurman.