Commercial

  • July 26, 2024

    Taxation With Representation: Wachtell, Polsinelli, Kirkland

    In this week's Taxation With Representation, T-Mobile partners with KKR to acquire Metronet, Exclusive Networks gets a takeover offer, KKR buys Instructure Holdings Inc., and Bally's Corp. merges with The Queen Casino & Entertainment Inc.

  • July 25, 2024

    Trump Judge Won't Exit Over 'Nothingburger' Atty Encounter

    The New York judge who ordered Donald Trump to pay $465 million in penalties in his civil fraud case Thursday rejected the former president's demand that he step down from the case, saying a brief hallway encounter with an attorney acquaintance was a "nothingburger" that did not influence his decision.

  • July 25, 2024

    NC High Court Signals End To College Building Access Row

    The Tar Heel State's Supreme Court this week unpaused a legal battle between North Carolina State University and a cancer-stricken professor after the two said they had resolved a dispute over testing for carcinogens in a campus building.

  • July 25, 2024

    GSA Awards $94M Contract For Overhauling ND Land Port

    A construction company won a $94 million contract from the U.S. General Services Administration to replace the "outmoded" facilities of a Dunseith, North Dakota, land port entry, the GSA announced.

  • July 25, 2024

    Ohio Board Incorrectly Calculated Land, Improvement Value

    An Ohio warehouse property had its land value incorrectly increased to $1.2 million, from $715,000, a state appeals court ruled Thursday after finding no evidence was presented that warranted a change in its value.

  • July 25, 2024

    Self-Storage Investment Firm Nets $75M Construction Loan

    Self-storage real estate investment firm Storage Units Capital obtained a $75 million construction loan from Beal Bank and Crow Holdings so that it can develop Class A self-storage properties in the Florida submarkets of Orlando and Tampa, the firm announced July 25.

  • July 25, 2024

    Proskauer Adds Milbank Real Estate Atty In NY

    Proskauer Rose LLP has hired a special counsel from Milbank LLP who joins the firm after six years with his prior platform to continue his practice focused on private equity investors and other clients involved in real estate and private fund matters, the firm announced Thursday.

  • July 25, 2024

    DP World Wins OK Of $194M Award Against Djibouti

    A D.C. federal judge entered a $194.3 million judgment against the Republic of Djibouti, enforcing an arbitration award secured by a Dubai-based port terminal operator in a long-running legal battle over an international container terminal in the East African country.

  • July 25, 2024

    IRS, Zaxby's Co-Founder To Settle $43M Easement Suit

    The Internal Revenue Service agreed to settle a $43 million valuation dispute over a conservation easement donated by the co-founder of the Zaxby's restaurant chain and his wife, prompting a Georgia federal court Thursday to cancel next month's anticipated jury trial.

  • July 25, 2024

    Bally's OKs Standard General's Takeover Valuing It At $4.6B

    Bally's Corp. announced on Thursday its plans to merge with Standard General-owned The Queen Casino & Entertainment Inc., a regional casino operator, in a deal that values Bally's at $4.6 billion and was crafted by five law firms.

  • July 24, 2024

    Judge Shields Real Estate Startup's Assets After Alleged Coup

    A judge intervened in Startup Redy.com's finances Tuesday when an investor won an order in Delaware Chancery Court that also expedites a case alleging that a co-founder threatened then removed celebrity real estate broker Josh Altman from a board post last month in an attempt to cover up the misuse of company funds.

  • 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.

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.