Commercial
-
March 11, 2025
Brookfield Wraps Inaugural Infrastructure Fund At $1B
Private equity giant Brookfield Asset Management on Tuesday revealed that it closed its inaugural middle-market infrastructure fund after securing $1 billion of capital commitments.
-
March 11, 2025
Jones Day-Led CareTrust Bids £448M For UK Care REIT
U.S. seniors housing company CareTrust said Tuesday that it has agreed to acquire Care REIT PLC for approximately £448 million ($580 million) to enter the British care homes market in a deal guided by Jones Day and Travers Smith LLP.
-
March 10, 2025
Real Estate Cos. Commingled $50M Investor Funds, SEC Says
A Washington, D.C., area man and dozens of companies under his control have agreed to pay a total of $3.3 million to settle U.S. Securities and Exchange Commission allegations they deceived their investors with improper accounting practices that involved commingling $50 million in earmarked money.
-
March 10, 2025
JPMorgan Sued Over $481M CMBS Loan With 'Inflated' Metric
Wells Fargo sued JPMorgan in New York federal court on Monday to make it pay up for a soured $481 million commercial real estate loan that it originated and securitized, allegedly based on "dramatically inflated" supporting financial data.
-
March 10, 2025
Greenberg Traurig Guides Bank's $467M Sale-Leaseback Deal
SouthState Bank inked a $467 million sale-leaseback agreement with Blue Owl Real Estate Capital involving 165 banks throughout the Southeast, counsel Greenberg Traurig LLP announced on Monday.
-
March 10, 2025
DOT Pulls Biden Enviro Justice Highway Funding Policy
The U.S. Department of Transportation on Monday rescinded Biden-era memorandums that advised state and local agencies receiving funds from 2021's Bipartisan Infrastructure Law to prioritize highway, road, bridge and other projects that promoted social justice or climate resiliency goals.
-
March 10, 2025
Ariz. Power Co. Asks Justices To Review Tax On Tribal Plant
An energy company asked the U.S. Supreme Court to review Arizona court decisions that said a power plant it owns on tribal land is subject to property taxes, arguing that privately owned improvements located on Native American reservations are exempt from state and local taxes.
-
March 10, 2025
Goodwin Procter Guides $400M Industrial, Logistics Fund
Ambrose announced Monday that it raised more than $400 million for a fund that will target industrial, logistics and e-commerce assets, adding that it has already deployed approximately half of the fund.
-
March 10, 2025
The Legal Team Behind The Waldorf Astoria's Transformation
The iconic Waldorf Astoria in Manhattan recently concluded a 10-year renovation of the original hotel and partial conversion to retail, a club with amenities, and luxury residential condos. Law360 Real Estate Authority caught up with two attorneys from Kramer Levin Naftalis & Frankel LLP who worked on the project and left their mark on the famed property.
-
March 10, 2025
NC Bill Allocates $80M To Move Helene-Damaged Courthouse
A state legislative proposal that would allocate $80 million in the form of a one-time grant for the relocation of a historic North Carolina county courthouse rendered unusable by Hurricane Helene cleared its first hurdle Monday.
-
March 10, 2025
Loeb & Loeb Adds 5-Atty Litigation Team From Kasowitz In NY
Loeb & Loeb LLP has expanded its litigation offerings in New York with the addition of five attorneys from Kasowitz Benson Torres LLP, including the leaders of the firm's software litigation and real estate litigation practices.
-
March 10, 2025
Amtrak To Pay $255M To End DC Eminent Domain Case
Amtrak will pay an additional $255 million to end its eminent domain case that sought to take over Washington, D.C.'s Union Station in order to improve it, according to a stipulated judgment handed down by a District of Columbia federal judge.
-
March 10, 2025
Data Center Deals Are Getting Pricier And More Challenging
Vacancy is at an all time-low for the data center industry, and with available power remaining limited, the capital needs of data facilities have grown immense, making it harder for new players to enter the market, JLL said in a report released Monday.
-
March 10, 2025
Colo. Court Affirms Property Tax Valuation For Partial Build
A partly built commercial building in Colorado was properly valued by a county board of equalization, as the state doesn't have an exemption for partial builds, a state appeals court ruled.
-
March 10, 2025
NYC Real Estate Week In Review
Sullivan & Cromwell and Phillips Nizer are among the law firms that assisted with the largest New York City real estate deals that hit public records last week, with most of the week's biggest transactions in Manhattan.
-
March 07, 2025
Feds Say California Tribes' Casino Challenge Comes Too Late
The U.S. Department of the Interior and other agencies have asked a D.C. federal judge to deny two tribes' challenge to another tribe's plan to build a casino-hotel complex on 221 acres of trust land, saying their request for a stay is improper and untimely.
-
March 07, 2025
Utah Court Affirms Walmart's Collective $52M Property Value
A trio of Utah-based Walmart retail properties were correctly assessed at a collective $52 million for property tax, a Utah appeals court said, finding that a lower court didn't make any errors when valuing the three properties.
-
March 07, 2025
Manhattan Offices See Leasing Boost In 2025, CBRE Says
The office market in Manhattan has seen a 49% year-over-year boost in leasing activity so far in 2025, the strongest start to a year since 2014, CBRE said.
-
March 07, 2025
Real Estate Lender Caused 'Precipitous' Stock Drop, Suit Says
Commercial real estate lender Ready Capital Corp. caused its securities to see a "precipitous decline in market value" because it kept investors in the dark on issues that included several of its nonperforming loans being likely uncollectible, according to a proposed class action filed in New York federal court.
-
March 07, 2025
DOJ Cites SDNY Prosecutors' Texts In Bid To End Adams Case
President Donald Trump's Justice Department doubled down Friday on its bid to toss the corruption case against New York City Mayor Eric Adams, citing newly released internal correspondence showing "troubling conduct" by Southern District of New York prosecutors the agency criticized as "careerist" and insubordinate.
-
March 07, 2025
O'Melveny Guides Texas Data Center's Wind Power Buy
O'Melveny & Myers LLP advised data center developer and operator Soluna Holdings Inc. on a power purchase deal with the owners of the Las Majadas Wind Project in southern Texas to arrange energy supply for a data center that's expected to be built nearby.
-
March 07, 2025
Herrick Feinstein Adds Commercial Litigation Partner In NY
Herrick Feinstein LLP made its third "senior" hire in 2025 for its litigation department by bringing on an experienced commercial litigation attorney who specializes in real estate as a new partner for its New York City office, the firm announced.
-
March 07, 2025
Retrial In Landmark Graft Case Faces Potential Roadblocks
A retrial in a public corruption case tied to an infrastructure initiative under former New York Gov. Andrew Cuomo faces possible obstacles after being returned to a federal judge by the U.S. Supreme Court, with the parties awaiting further legal guidance from the justices and the defense saying the Trump administration's priorities may sink the case.
-
March 07, 2025
How A Showcase Prosecution Collapsed For New Jersey's AG
New Jersey Attorney General Matthew Platkin took a risk that backfired when he used over 100 pages to lay out his case accusing George E. Norcross III, one of the Garden State's most influential businessmen, of leading a racketeering enterprise to deepen his commercial footprint in a struggling city.
-
March 07, 2025
Simpson Thacher-Led Blackstone Bags $8B For RE Debt Fund
Blackstone said Friday that it has closed an $8 billion fund to invest in global real estate opportunities, with Simpson Thacher & Bartlett LLP advising.
Expert Analysis
-
LA Wildfires' Effect On Calif. Insurer Of Last Resort
Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.
-
Public Corruption Enforcement In 2024 Has Clues For 2025
If 2024 activity is any indication, the U.S. Supreme Court will likely continue to rein in expansive prosecutorial theories of fraud in the year to come, but it’s harder to predict what the new administration will mean for public corruption prosecutions in 2025, says Cathy Fleming at Offit Kurman.
-
Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.
-
What's Ahead As Transparency Act Comes To A Crossroads
Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.
-
Timeline Considerations For Boston's New RE Review Process
Boston's newly reimagined large real estate project review process, featuring early community engagement, holds impacts for project timelines that land use counsel must account for when guiding developers through approvals, says David Linhart at Goulston & Storrs.
-
The Story Of 2024's Biggest Bank Regs, And Their Fate In 2025
U.S. federal bank regulators were very active in 2024 with initiatives ranging from antitrust and capital to proposals regarding controlling shareholders and incentive-based compensation, but many regulations face an uncertain future under the new administration, say attorneys at Latham.
-
2024 IPO Market Trends, And What To Expect Next Year
The initial public offering market returned to historically typical levels on a deal count basis in 2024 but continued to lag based on proceeds raised due to a larger number of smaller IPOs this year, and signs point to continued ongoing momentum in the next year, say attorneys at Paul Hastings.
-
Adapting Force Majeure To A Predictably Unpredictable World
As the climate and political landscapes get more complicated, force majeure provisions will likely be triggered increasingly often, demanding an evolving understanding of when events and their impacts are truly unforeseeable, say attorneys at Nossaman.
-
Impact Of Corporate Transparency Act Ambiguity On Banks
Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.
-
Green Projects Face States' Foreign Land Ownership Limits
As states impose restrictions and disclosure requirements around foreign investment in agricultural land — in some cases piggybacking on existing federal rules — renewable energy developers and investors must pay close attention to how the rules vary, says Daniel Fanning at Husch Blackwell.
-
How Landlords Can Navigate Cannabis-Related Leases
As the cannabis industry continues to rapidly grow, landlords should consider a variety of lease terms and operational details that may help mitigate uncertainty involving federal laws, zoning restrictions and tax implications, says Kyla Baker at Holland & Knight.
-
Lights, Camera, Real Estate: Preparing For Film Facility M&A
As the entertainment industry struggles to recover from multiple strikes and a decline in production, certain aspects of selling or acquiring production facilities may become important to consider, as these assets are valued very differently from typical commercial real estate properties, say attorneys at Olshan Frome.
-
Corporate Liability Issues To Watch In High Court TM Case
The U.S. Supreme Court will hear arguments in a trademark dispute between Dewberry Group and Dewberry Engineers next week, presenting an opportunity for the court to drastically alter the fundamental approach to piercing the corporate veil, or adopt a more limited approach and preserve existing norms, say attorneys at Bracewell.