Commercial

  • October 30, 2024

    9th Circ. Says Calif. City Can't Sue State Over Housing Laws

    The Ninth Circuit refused to revive the city of Huntington Beach, California's challenge to Golden State laws requiring it to build a certain number of housing units to keep up with population growth, writing in an order Wednesday that the city lacked standing to sue the state in federal court.

  • October 30, 2024

    Essex Warns Calif. Rent Control Prop Will Hurt Resi Supply

    Essex Property Trust executives voiced concerns Wednesday that a California ballot measure that would give cities free rein to impose rent control would "dramatically restrict" residential construction.

  • October 30, 2024

    Conn's Seeks Hearing Next Week On Ch. 11 Asset Sale

    Counsel for retail chain Conn's told a Texas bankruptcy judge Wednesday that no one has beaten the $360 million baseline bid for its assets from debt collector Jefferson Capital Systems and asked for a hearing to approve the sale next week.

  • October 30, 2024

    Real Estate Dealmakers Rush To Close, Others Await Election

    Attorneys advising on real estate deals and real estate companies working on mergers and acquisitions and capital markets say some dealmakers are rushing to close, while others are holding off until after the election.

  • October 30, 2024

    Rudolph And Sletten Wins $1B Calif. Healthcare Campus Bid

    Rudolph and Sletten, an affiliate of construction company Tutor Perini Corp., said it has won a $1 billion contract to build a healthcare campus in California.

  • October 30, 2024

    Polsinelli Continues Philly Growth With 2nd Oct. Hire

    Polsinelli PC grew its recently opened Philadelphia office with the addition of a real estate attorney who returns to private practice after providing in-house counsel for a commercial real estate subsidiary of Blackstone.

  • October 30, 2024

    How The Election Could Shift Enviro Real Estate Practices

    At the end of a transformative presidential term for environmental real estate issues spanning from the group of chemicals known as PFAS, to clean energy, to flood mapping, real estate attorneys are poised for potentially major disruption when a new U.S. president takes office in January.

  • October 30, 2024

    NY Construction Exec Avoids Jail For Commercial Bribery

    A construction executive dodged jail time Wednesday after pleading guilty in New York state court to his role in a sprawling bribery scheme involving $100 million in contracts linked to New York high-rise buildings.

  • October 30, 2024

    Jones Day Hires Real Estate Partner For Chicago Office

    Jones Day announced Tuesday that it hired an experienced transactional real estate attorney as a partner for its real estate and energy transition and infrastructure teams based in Chicago.

  • October 30, 2024

    CareTrust JV Buys Tenn. Skilled Nursing Portfolio For $500M

    CareTrust REIT Inc. said it formed a joint venture that has agreed to buy a portfolio of 31 skilled nursing facilities mostly located in Tennessee for $500 million.

  • October 30, 2024

    Walker & Dunlop CEO Says GSEs Must 'Get Back To Business'

    Government-sponsored enterprises Fannie Mae and Freddie Mac need to get out of conservatorship and regain for-profit motivations so they can innovate and grow, Walker & Dunlop CEO Willy Walker told Law360 Real Estate Authority in an interview.

  • October 30, 2024

    KKR, ECP To Plug $50B Into Data Centers, Power Projects

    Private equity firms KKR & Co., advised by Simpson Thacher, and Energy Capital Partners have teamed up to inject $50 billion into building data centers and energy generation projects in a bet on meeting rising demand for infrastructure to support the artificial intelligence boom.

  • October 30, 2024

    MVP: Gibson Dunn's Farshad E. Morè

    Farshad E. Morè, a partner in Gibson Dunn & Crutcher's Century City office and member of the firm's real estate department, advised longtime client KKR on two record-breaking multifamily and student housing transactions, earning him a spot as one of the 2024 Law360 Real Estate MVPs.

  • October 29, 2024

    Real Estate Exec's Wife Says Prostitution Claims Defamed Her

    The wife of Northstar Commercial Partners CEO Brian Watson has filed a lawsuit in Colorado federal court alleging an Illinois woman defamed her by accusing her of being a prostitute and that her husband frequently procures the services of prostitutes, estimating her damage at roughly $50 million.

  • October 29, 2024

    Pa. Seeks State Takeover Of Embattled Hospital System

    Pennsylvania urged a state court to appoint a receiver for a hospital system after its operator, Prospect Medical Holdings Inc., allegedly violated an asset purchase agreement by spending millions of dollars on its investors instead of healthcare system management.

  • October 29, 2024

    Russia To Fight Seizure Of Assets In $5B Ukraine Oil Row

    The Russian Federation is looking to challenge a recent seizure of its state-owned assets in Finland following a successful bid from NJSC Naftogaz of Ukraine, which aims to enforce a $5 billion arbitration award related to the 2014 expropriation of its Crimean assets.

  • October 29, 2024

    Investments In Energy Tax Credit Boom Could Draw IRS' Eye

    The 2022 climate law's green energy tax incentives sparked a surge of big-ticket development projects nationwide, and tax practitioners expect that the investments could be subject to intense scrutiny from the IRS amid a crackdown on abusive schemes in other areas.

  • October 29, 2024

    Infrastructure Firm Raises $780M With CBRE's Help

    Accelerate Infrastructure, represented by Katten Muchin Rosenman LLP, raised $780 million in total capital including backing from CBRE Investment Management, the real estate infrastructure firm announced Tuesday.

  • October 28, 2024

    Gov't Defends GSA's Ohio Office Lease Award

    The federal government has urged the U.S. Court of Federal Claims to swat down a bid protest from a company claiming the General Services Administration unfairly awarded a 15-year office lease in Ohio to another company.

  • October 28, 2024

    EB-5 Industry Eyes Legislative Fixes To USCIS Struggles

    A 2022 revamp brought the EB-5 investment visa program a boost in interest and respectability, but as frustrations continue with U.S. Citizenship and Immigration Services, industry players are hoping new legislation is a better alternative than litigation.

  • October 28, 2024

    No COVID Property Tax Break For Hotels, Wash. Court Told

    Hotels in Washington state should not get property tax breaks for COVID-19 because the pandemic was not a natural disaster that allows relief, the assessor of the state's most populous county told a state court.

  • October 28, 2024

    NYC Real Estate Week In Review

    Gibson Dunn and Seyfarth Shaw are among the law firms that steered the largest New York City real estate deals that hit public records last week, a list headlined by a pair of Brooklyn deals above the $200 million mark.

  • October 28, 2024

    Hotel Guests Ask 3rd Circ. To Look At Algorithm Price-Fix Suit

    Three Atlantic City guests are taking their beef with hotel-casinos to the Third Circuit after a New Jersey federal court threw out their lawsuit that accused hotel owners in the town of using an algorithm to inflate the price of rooms.

  • October 28, 2024

    Linklaters, White & Case Rep DigitalBridge's Yondr Buy

    DigitalBridge Group Inc. will purchase data center company Yondr Group for an undisclosed amount, in a deal guided by Linklaters LLP and White & Case LLP, the global alternative asset management company announced Monday.

  • October 28, 2024

    King & Spalding Steers Data Center Co.'s $1.5B Fundraise

    Cologix has raised $1.5 billion in capital with guidance from King & Spalding that will allow the company to build new data centers in the future, with an emphasis on its core markets in Virginia, Ohio and Canada.

Expert Analysis

  • Solving Puzzles Makes Me A Better Lawyer

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    Tackling daily puzzles — like Wordle, KenKen and Connections — has bolstered my intellectual property litigation practice by helping me to exercise different mental skills, acknowledge minor but important details, and build and reinforce good habits, says Roy Wepner at Kaplan Breyer.

  • Boxing Makes Me A Better Lawyer

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    Boxing has influenced my legal work by enabling me to confidently hone the skills I've learned from the sport, like the ability to remain calm under pressure, evaluate an opponent's weaknesses and recognize when to seize an important opportunity, says Kirsten Soto at Clyde & Co.

  • The Often Overlooked NY Foreclosure Notice Requirements

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    As multifamily real estate defaults mount, New York foreclosing parties should be aware of pitfalls and perils that can await the litigant who is not prepared to ensure adherence with tenant notice requirements under the Real Property Actions and Proceedings Law, say Christopher Gorman and John Muldoon at Rosenberg & Estis.

  • A Case Study For Calif. Cities In Water Utility Takeovers

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    With growing water scarcity and drier weather looming, some local governments in California have sought to acquire investor-owned water utilities by eminent domain — but the 2016 case of Claremont v. Golden State Water is a reminder that such municipalization attempts must meet certain statutory requirements, say attorneys at Nossaman.

  • Skiing And Surfing Make Me A Better Lawyer

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    The skills I’ve learned while riding waves in the ocean and slopes in the mountains have translated to my legal career — developing strong mentor relationships, remaining calm in difficult situations, and being prepared and able to move to a backup plan when needed, says Brian Claassen at Knobbe Martens.

  • Lower Courts May Finally Be Getting The Memo After Ciminelli

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    A year after the U.S. Supreme Court again limited prosecutors' overbroad theories of fraud in Ciminelli v. U.S., early returns suggest that the message has at least partially landed with the lower courts, spotlighting lessons for defense counsel moving forward, says Kenneth Notter at MoloLamken.

  • A Framework For Investigating Commercial Loan Fraud

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    As commercial loan transactions are increasingly subject to sophisticated fraud schemes, lenders must adopt dynamic strategies to detect, investigate and mitigate these schemes, say attorneys at Baker Donelson.

  • Glassblowing Makes Me A Better Lawyer

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    I never expected that glassblowing would strongly influence my work as an attorney, but it has taught me the importance of building a solid foundation for your work, learning from others and committing to a lifetime of practice, says Margaret House at Kalijarvi Chuzi.

  • Yellow Corp. Lease Assumption Shows Landlord Protections

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    Yellow Corp.’s recent filing of a motion to assume unexpired leases is a helpful reminder to practitioners to maintain a long-term approach about what is most beneficial for an estate and to not let a debtor's short-term cash position dictate business decisions, says Kyle Arendsen at Squire Patton.

  • How A Bumblebee Got Under Calif. Wildlife Regulator's Bonnet

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    A California bumblebee's listing as an endangered species could lead to a regulatory quagmire as California Department of Fish and Wildlife permits now routinely include survey requirements for the bee, but the regulator has yet to determine what the species needs for conservation, says David Smith at Manatt.

  • The Clock Is Ticking For Fla. Construction Defect Claims

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    Ahead of the fast-approaching July 1 deadline for filing construction defect claims in Florida, Sean Ravenel at Foran Glennon discusses how the state's new statute of repose has changed the timeline, and highlights several related issues that property owners should be aware of.

  • Playing Chess Makes Me A Better Lawyer

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    There are many ways that chess skills translate directly into lawyer skills, but for me, the bigger career lessons go beyond the direct parallels — playing chess has shown me the value of seeing gradual improvement in and focusing deep concentration on a nonwork endeavor, says attorney Steven Fink.

  • Fishing Makes Me A Better Lawyer

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    Atop the list of ways fishing makes me a better lawyer is the relief it offers from the chronic stress of a demanding caseload, but it has also improved my listening skills and patience, and has served as an exceptional setting for building earnest relationships, says Steven DeGeorge​​​​​​​ at Robinson Bradshaw.