Commercial

  • June 05, 2024

    Miami Developer Maintains Pioneering Touch In Latest Moves

    Miami-area developer Masoud Shojaee spoke with Law360 Real Estate Authority about his project strategy and how it has led to longevity for his firm Shoma Group and given him confidence in helping to address a housing crisis and various challenges in the market.

  • June 05, 2024

    Sterling Org Raises $600M For Retail RE Investments

    Sterling Organization, a private-equity real estate investment firm, closed its Sterling Value Add Partners IV LP fund after it surpassed its $500 million goal and obtained more than $600 million worth of capital commitments, according to a Wednesday announcement.

  • June 05, 2024

    Fire Co. Shuts Down Insurer's $3.7M Subrogation Bid

    A hotel's insurer cannot seek reimbursement from a fire protection company for its roughly $3.7 million coverage payment following a pipe rupture in the hotel's fire sprinkler system, an Ohio federal court ruled, finding the hotel and fire protection company waived their respective insurers' subrogation rights. 

  • June 05, 2024

    Disney To Spend $8B In Fla. After Deal With Oversight Board

    As part of a settlement to end a state lawsuit, members of a local oversight district picked by Gov. Ron DeSantis advanced a development agreement on Wednesday permitting a major new theme park at Disney World as the entertainment giant plans $8 billion in spending over the next decade in Florida.

  • June 05, 2024

    1st Circ. May Undo Tribal Casino Bribery Convictions

    First Circuit judges hinted Wednesday that jurisdictional flaws and other issues could reverse the bribery convictions of an architect and tribal chairman in connection with a proposed $1 billion casino in southeastern Massachusetts.

  • June 05, 2024

    $1.5B Funding Surge Highlights EPA's Brownfields Evolution

    Building on what's already a much-touted bipartisan success story, the EPA has ironed out many of the wrinkles in its brownfields program and is now equipped with a surge of funding. In the first of a four-part series, Law360 Real Estate Authority analyzes the trends and outlooks from the agency's brownfield grant data.

  • June 04, 2024

    S. Korea Claims Victory In Chinese Investor's $1.47B Dispute

    South Korea's Ministry of Justice has announced that an international tribunal threw out all claims asserted by a Chinese real estate investor in a treaty case over a South Korean bank's forced sale of his shares in a local real estate company he founded.

  • June 04, 2024

    LA Landfill Owner Faces Suits Over Foul Fumes, Runoff

    Some 800 people near a waste dump in Los Angeles County sued its operator for damages, alleging the company is liable for a smoldering underground fire at the site — the county's second-largest landfill — that has spewed toxic gas into the air for the last year, as well as geyser-like eruptions of polluted water from the ground.

  • June 04, 2024

    6th Circ. Says 1,000-Yard Gun Range Not Constitutional Right

    A split Sixth Circuit panel said a Michigan town had the authority to ban long-distance gun ranges despite the Second Amendment's protections, ruling it was "difficult to imagine" that training to shoot from 1,000 yards away was needed to defend oneself.

  • June 04, 2024

    Data Center Firm Nets $1.3B In Financing For Development

    STACK Infrastructure has secured $1.3 billion in fundraising for data center projects in the U.S., Europe and the Asia-Pacific region, the company announced Tuesday.

  • June 04, 2024

    SEC Shutters Salt Lake City Office, Shifts Cases To Denver

    The U.S. Securities and Exchange Commission said on Tuesday that it will close its Salt Lake City office for budgetary and organizational purposes, saying that the caseload of the office, which among other things handled the troubled Debt Box case, will now be handled by staff in Denver.

  • June 04, 2024

    Real Estate Lawyers On The Move

    Nossaman, Miles & Stockbridge and Holman Fenwick Willan are among the firms that have made recent real estate or construction hires.

  • June 04, 2024

    Troutman Real Estate Ace Rejoins Morris Manning In Atlanta

    Morris Manning & Martin LLP announced Tuesday that an attorney who left the firm as an associate for Troutman Pepper Hamilton Sanders LLP a little over a year ago has rejoined the firm in Atlanta as a partner in its real estate practice.

  • June 04, 2024

    V&E Advises $700M Offer To Take Whitestone REIT Private

    MCB Real Estate, guided by Vinson & Elkins LLP, approached Whitestone REIT with an offer to buy the real estate investment trust and take it private in a $700 million deal, less than a day after the shopping center operator announced changes to its board in the wake of a proxy fight.

  • June 04, 2024

    11th Circ. Affirms Nix Of IRS Easement Disclosure Guidance

    The Eleventh Circuit affirmed Tuesday that an Internal Revenue Service notice imposing reporting requirements on potentially abusive conservation easements was invalid because the agency failed to solicit the public feedback required by administrative law.

  • June 04, 2024

    Colo. Orders Disclosure Of Info On Local Property Tax Levies

    Local jurisdictions in Colorado will be required to provide certain information about their property tax levies under legislation signed into law by Democratic Gov. Jared Polis.

  • June 03, 2024

    SF Office Market Standout Notches New Leases

    Even as San Francisco's office market remains in a four-year downturn, the city's 140 New Montgomery Street tower has kept signing tenants seeking prime space, with three newcomers taking a combined 55,913 square feet, CBRE and building owner Pembroke announced Monday.

  • June 03, 2024

    Some Racketeering Claims In $92M Award Suit Can Proceed

    A Monaco bank and a Luxembourg lawyer and trust administrator must face racketeering claims accusing them of helping to hide the fortune of a Russian businessman who's on the hook for a $92 million arbitral award, a California federal judge ruled on Friday.

  • June 03, 2024

    Treasury Aims To Salvage Corp. Transparency Act At 11th Circ.

    The Corporate Transparency Act is a valid exercise of congressional authority to curb money laundering under the commerce clause and the necessary and proper clause in the Constitution, the U.S. Treasury Department told the Eleventh Circuit on Monday in a bid to restore the law's reporting requirements.

  • June 03, 2024

    Judge Says It's Time For DIP Deal For Steward Healthcare

    A Texas bankruptcy judge on Monday gave Steward Health Care permission to offer a commitment fee to induce a lender to provide it with the financing to see the hospital chain through its Chapter 11 case, while saying the company needs that final commitment soon.

  • June 03, 2024

    REIT To Replace Trustees Targeted In Proxy Contest

    Shopping center operator Whitestone REIT plans to replace two board members following an activist shareholder's unsuccessful attempt to oust the pair in a recent proxy contest, the real estate investment trust said Monday.

  • June 03, 2024

    Herrick Feinstein Guides Hotel From Lease Suit To $177M Sale

    What began as a simple commercial lease action tied to a swanky hotel in New York City morphed into a complex adversary proceeding, which a Herrick Feinstein LLP team recently brought to a close, paving the way for the property's $177 million sale to EOS Hospitality.

  • June 03, 2024

    RI Panel OKs Providence Unrestricted Property Tax Rates

    Rhode Island would allow the city of Providence to adopt a classification system that allows for unrestricted tax rates for the city's property classes under a bill moved to the Senate floor for consideration.

  • June 03, 2024

    NYC Real Estate Week In Review

    Dylan Chan Law Firm and Kevin Kerveng Tung were among the law firms that guided the largest New York City real estate deals that hit public records last week, a period that saw six transactions above the $15 million mark become public.

  • June 03, 2024

    Quarles & Brady Adds Real Estate Atty In Naples, Fla.

    Quarles & Brady said it has added a senior counsel in its real estate practice group to its Naples office from Kilinski Van Wyk.

Expert Analysis

  • Commercial Real Estate Lending Checkup Amid Market Unrest

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    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

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    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.

  • Joint Representation Ethics Lessons From Ga. Electors Case

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    The Fulton County district attorney's recent motion to disqualify an attorney from representing her elector clients, claiming a nonconsentable conflict of interest, raises key questions about representing multiple clients related to the same conduct and highlights potential pitfalls, say Hilary Gerzhoy and Grace Wynn at HWG.

  • Lawyer Discernment Is Critical In The World Of AI

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    In light of growing practical concerns about risks and challenges posed by artificial intelligence, lawyers' experience with the skill of discernment will position them to help address new ethical and moral dilemmas and ensure that AI is developed and deployed in a way that benefits society as a whole, says Jennifer Gibbs at Zelle.

  • Policyholder Lessons From Sandy No-Coverage Decision

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    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.

  • Don't Forget Alumni Engagement When Merging Law Firms

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    Neglecting law firm alumni programs after a merger can sever the deep connections attorneys have with their former firms, but by combining good data management and creating new opportunities to reconnect, firms can make every member in their expanded network of colleagues feel valued, say Clare Roath and Erin Warner at Troutman Pepper.

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

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    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.

  • Every Lawyer Can Act To Prevent Peer Suicide

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    Members of the legal industry can help prevent suicide among their colleagues, and better protect their own mental health, by learning the predictors and symptoms of depression among attorneys and knowing when and how to get practical aid to peers in crisis, says Joan Bibelhausen at Minnesota Lawyers Concerned for Lawyers.

  • FTC Proposal Greatly Widens Auto-Renewal Regulation

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    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

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    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.

  • Do Videoconferences Establish Jurisdiction With Defendants?

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    What it means to have minimum contacts in a foreign jurisdiction is changing as people become more accustomed to meeting via video, and defendants’ participation in videoconferencing may be used as a sword or a shield in courts’ personal jurisdiction analysis, says Patrick Hickey at Moye White.

  • Humanism Should Replace Formalism In The Courts

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    The worrying tendency for judges to say "it's just the law talking, not me" in American decision writing has coincided with an historic decline in respect for the courts, but this trend can be reversed if courts develop understandable legal standards and justify them in human terms, says Connecticut Superior Court Judge Thomas Moukawsher.

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

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    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.