Commercial

  • March 13, 2025

    Fla. City Will Pay $21M To End Co.'s Road Construction Suit

    The mayor of Doral, Florida, and its city council have approved a $21 million settlement with a property owner, an entity that sought more than $30 million in damages alleging the city trespassed on its property and damaged it with a destructive road construction project.

  • March 13, 2025

    Builder Says Conn. Hilton Owner Owes $6M For $63M Project

    A building contractor is taking the owner of a new Home2 Suites by Hilton hotel in Bristol, Connecticut, to court, claiming that what started as a $13 million project ballooned into a $63.4 million series of redesigns and changes in scope for which the hotel owner still owes $6 million.

  • March 12, 2025

    NYC Beefs Up Inspections After Bronx Building Collapse

    A New York City Department of Buildings enforcement official said Wednesday that the agency is proactively targeting known bad actors and companies associated with them following a November 2023 major structural collapse at a multifamily property in the Bronx.

  • March 12, 2025

    Real Estate Companies Scrub DEI From Public Filings

    Many real estate companies that previously disclosed their efforts to further diversity, equity and inclusion have avoided any mention of the topic in their latest financial disclosures, as the political winds have shifted against such initiatives.

  • March 12, 2025

    Real Estate Takes On Heightened Focus Under Trump's CFIUS

    President Donald Trump's initial policy directives show that real estate will be a bigger focal point for the Committee on Foreign Investment in the United States, and even more corporate transactions across various industries could start to fall under the committee's microscope.

  • March 12, 2025

    HUD Rejects NC City's DEI-Incorporating Disaster Relief Plan

    The U.S. Department of Housing and Urban Development said it rejected a draft plan submitted by Asheville, North Carolina, outlining how the city would distribute $225 million in federal relief funds for hurricane recovery due to the plan's incorporation of "DEI criteria."

  • March 12, 2025

    Investment Firm Acquires DC Office Building

    Onward Investors has landed a 12-story, 240,500-square-foot Class A corner office building in Washington, D.C.'s Capitol Riverfront neighborhood, the Minneapolis-based alternative investment firm announced Wednesday.

  • March 12, 2025

    Greenspoon Marder Adds Phillips Nizer Real Estate Trio In NY

    Greenspoon Marder LLP announced Wednesday that a trio of real estate attorneys including two partners have joined the firm's New York office from Phillips Nizer LLP.

  • March 12, 2025

    Nelson Mullins Real Estate Ace Joins Kutak Rock In Fla.

    A former Nelson Mullins Riley & Scarborough LLP partner who has helped close more than $1 billion in real estate transactions in just the past two years has moved her practice to Kutak Rock LLP's Tallahassee, Florida, office.

  • March 12, 2025

    Sherin And Lodgen Adds New Boston Real Estate Partner

    Boston law firm Sherin and Lodgen LLP has hired an experienced commercial real estate attorney as a new partner for its real estate team, the firm announced.

  • March 12, 2025

    Greenberg Traurig Guides Extell On $103M NYC Resi Buy

    An Extell Development Co. entity, advised by Greenberg Traurig LLP, paid more than $103 million to a Solil Management LLC entity to acquire a residential building in the Lenox Hill neighborhood of Manhattan, New York, according to official property records.

  • March 11, 2025

    South Korea Corp., LX Pantos Acquire $120M Ga. Property

    Korea Ocean Business Corp., a firm owned by South Korea, has teamed up with logistics company LX Pantos Co. Ltd. to buy a $120 million Georgia-based facility, in response to more American firms investing in domestic operations.

  • March 11, 2025

    Zillow Investors Urge 9th Circ. To Uphold Class Certification

    A class of Zillow Group Inc. investors told the Ninth Circuit to reject the property listing company's bid to overturn the class certification of their suit accusing the company of making misleading statements about its home-flipping program and causing stock prices to drop.

  • March 11, 2025

    Eric Adams Case Dying Slow Death In 'Sovereign' District

    Experts say New York City Mayor Eric Adams' criminal corruption case appears on track to be tossed permanently — a looming development that could signal the end of the fierce independence of the U.S. Attorney's Office for the Southern District of New York.

  • March 11, 2025

    La. Eatery Must Litigate Hurricane Coverage Under NY Law

    A New Orleans restaurant must litigate its hurricane damage claims against its insurer under New York law, a New York federal judge ruled Tuesday, rejecting the restaurant's position that Louisiana law must apply instead despite the policy's New York choice-of-law and forum selection provision.

  • March 11, 2025

    Manchester United Plans New 100,000-Seat Stadium

    English Premier League football club Manchester United on Tuesday unveiled plans to build a new 100,000-seat stadium as the focal point of the regeneration of the Old Trafford area in Manchester, a move that comes after billionaire and co-owner Jim Ratcliffe plugged $300 million into the club with plans for the investment to pave the way for infrastructure updates at the old stadium.

  • March 11, 2025

    Mass. High Court Says Paying Full Judgment Freezes Interest

    Paying off a judgment in full, even when an appeal is planned, stops additional interest from accruing against the amount, Massachusetts' highest court said Tuesday in a long-running dispute between an auto dealership and its landlord.

  • March 11, 2025

    Utah Lawmakers OK Min. Tax Rate Consensus Certification

    Utah would require a minimum property tax rate imposed by school districts to be certified by the state's tax commission, the governor's Office of Planning and Budget and the state Legislature's Office of the Legislative Fiscal Analyst under a bill approved by state lawmakers and headed to the governor.

  • 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.

Expert Analysis

  • Lights, Camera, Real Estate: Preparing For Film Facility M&A

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    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

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    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.

  • Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream

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    As shown by ongoing legal battles involving New York City Mayor Eric Adams and Sean “Diddy” Combs, it’s challenging for defendants to obtain relief when they believe the government leaked sensitive information to the media, but defense counsel can take certain steps to mitigate the harm, says Kenneth Notter at MoloLamken.

  • A Legal Perspective On NYC's Retail Real Estate Evolution

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    As New York City's retail market begins to show signs of resilience after the challenges of recent years, landlords must be cognizant of legal implications from shifting trends toward shorter-term leases and pop-up stores, says Andrea Gendel at Pryor Cashman.

  • What Interest Rate Cuts Mean For Housing Markets

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    The Federal Reserve's recent reduction of interest rates may provide limited immediate relief for real estate sectors, but offers potential opportunities for commercial real estate investors and construction firms, which now face an environment ripe for new projects, say attorneys at Cozen O'Connor.

  • How CFIUS' Updated Framework Affects Global Investors

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    The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.

  • Foreclosing Lenders Still Floating In Murky Legal Waters In NY

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    The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.

  • NYC Hotel Licensing Law's Costs May Outweigh Its Benefits

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    A hotel licensing bill recently approved by New York's City Council could lead to the loss of many nonunionized hotels that cannot afford to comply, says Stuart Saft at Holland & Knight.

  • Calif. Ruling Offers Hope For Mitigated Negative Declarations

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    In Upland Community First v. City of Upland, a California appeals court upheld a warehouse development's mitigated negative declaration over its greenhouse gas emissions thresholds — a rare victory against this type of challenge providing reassurance that such declarations can be upheld, say attorneys at Sheppard Mullin.

  • There's No Crying In Property Valuation Baseball Arbitration

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    The World Series is the perfect time to consider how the form of arbitration used for settling MLB salary disputes — in which each side offers competing valuations to an arbitrator, who must select one — is often ideal for resolving property valuation disputes, say Sean O’Donnell at Herrick Feinstein and Mark Dunec at FTI Consulting.

  • Webuild Ruling Complicates Arb. Award Enforcement In US

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    A Delaware federal court's recent decision in Sociedad Concesionaria Metropolitana de Salud v. Webuild, if read literally, could undercut the United States' image as a proarbitration jurisdiction by complicating creditors' efforts to enforce awards against property in this country, says Jeff Newton at Omni Bridgeway.

  • How To Avoid A Costly CPA Limitation Hidden In Most Leases

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    The lease audit rights clause is a seemingly innocuous provision in most commercial real estate leases that ends up costing tenants millions of dollars each year, as they have unwittingly agreed to retain only an accountant to investigate and settle financial issues, says Jason Aster at KBA Lease Services.

  • Navigating FEMA Grant Program For Slope Fixes After Storms

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    In the aftermath of Hurricanes Helene and Milton, it is critical for governments, businesses and individuals to understand the legal requirements of the Federal Emergency Management Agency's grant programs to obtain funding for crucial repairs — including restoration of damaged infrastructure caused by landslides and slope failures, says Charles Schexnaildre at Baker Donelson.