Commercial
-
March 21, 2025
Only FDIC Can Sue Over Signature Bank Collapse, Judge Says
A New York federal judge on Friday tossed a shareholder lawsuit over alleged misstatements about Signature Bank's health ahead of its 2023 collapse, saying shareholders lacked standing to sue in light of the FDIC being a receiver of both the failed bank's assets and rights of the bank's stockholders.
-
March 21, 2025
Property Plays: Data Centers, Extell, Deauville
Property Plays is a weekly roundup of the latest loans, leases, sales and projects around the country. Send your tips — all confidential — to realestate@law360.com.
-
March 21, 2025
Data Center Developer Secures $4B For Trio Of Campuses
Data center developer-operator Stack Infrastructure landed $4 billion in financing for three projects at its campuses in Virginia, Oregon and Toronto.
-
March 21, 2025
Plymouth Industrial Pays $65M For Ohio, Ga. Properties
Plymouth Industrial REIT Inc. spent $65.1 million on several industrial properties in Cincinnati, Ohio, and Atlanta, Georgia, the REIT has announced.
-
March 21, 2025
Cole Schotz Guides Chetrit's $268M Loan For NYC Properties
Developer The Chetrit Group LLC borrowed more than $268 million from real estate investment firm G4 Capital Partners for properties in New York's Upper East Side neighborhood, in a deal worked on by Cole Schotz PC, according to official property records.
-
March 21, 2025
Seyfarth Shaw Guides $144M Brooklyn Project Financing
Full-service real estate firm Watermark Capital Group borrowed more than $144 million from S3 Capital in a deal guided by Seyfarth Shaw LLP for a commercial real estate property that's the site of a major residential project located in Brooklyn's Sunset Park neighborhood, according to property records filed Friday.
-
March 21, 2025
Miami Beach Gives Deauville, Towers Project Early OK
The Miami Beach Commission voted in favor of requested land-use changes that would allow the owners of the historic Deauville Beach Resort to rebuild the hotel and add two large residential towers to the property, a project almost universally lauded in the meeting.
-
March 21, 2025
Trade Drives Industrial Demand On Texas Border, Savills Says
A pipeline of speculative construction in markets along the Texas border is among the strongest in the U.S., with imports and exports growing in the region in recent years, although trade policies could spell a possible near-term obstacle, real estate firm Savills said in a recent report.
-
March 20, 2025
11th Circ. Allows Remand Of EB-5 Suit To Fla. State Court
The Eleventh Circuit has dismissed the appeal of a Canadian citizen trying to compel arbitration and keep in federal court the suit accusing him of defrauding foreign investors, saying it doesn't have jurisdiction to review the order sending the case back to Florida state court.
-
March 20, 2025
Feds Ask High Court To Nix Mich. Tribal Land Trust Row
A Michigan tribe's analysis of a law governing the state's Indigenous land claims would allow it to purchase property anywhere and then compel the U.S. to take it into trust for its benefit, the Interior Department has told the Supreme Court, arguing the interpretation would render a bizarre result.
-
March 20, 2025
UAE Sovereign Fund, Energy Biz Form $25B Infrastructure JV
United Arab Emirates sovereign wealth fund ADQ and energy infrastructure-focused investment firm Energy Capital Partners announced that they've formed a more than $25 billion "50-50" joint venture that aims to invest in U.S. power infrastructure that will support "data centers, hyperscale cloud companies and other energy-intensive industries."
-
March 20, 2025
Conn. AG Sues Builder, Companies For State Park Clear-Cut
A real estate builder and two of his companies have illegally clear-cut multiple acres of Connecticut state park land, installed fixtures including a basketball court and a guesthouse without permission and blocked public access to the area, according to an enforcement action brought by the state attorney general's office.
-
March 20, 2025
Office-To-Residential Efforts Offer Pain And Potential
With an estimated 1 billion square feet of office space currently vacant across the country and housing affordability a widespread concern, office-to-residential conversions have obvious appeal. But experts speaking at a multifamily housing event this month said while these projects can ultimately turn out great, the challenges in completing them will prevent the volume needed to solve the nation's housing crisis.
-
March 20, 2025
Investor Sues For Real Estate AI Co. Shares Under $100M Deal
A Luxembourg-based investment firm sued artificial intelligence homebuying platform ReAlpha in New York federal court, seeking to enforce a $100 million share purchase agreement a week after a federal judge rejected the platform's attempt to escape the deal.
-
March 20, 2025
Extell Shrinks Height For Planned NYC 5th Ave. Tower
Extell Development reduced the height of a once-proposed 78-story tower on Manhattan's Fifth Ave. down to 32 stories tall, according to recent filings with the New York City Department of Buildings, and Law360 has removed the project from its Tall Buildings Tracker.
-
March 20, 2025
Baron Property Clinches $206M Loan To Build Fla. Rentals
Baron Property Group borrowed $206 million from investment advisory firm Post Road Group to build its 661-unit Metro Parc North residential project in Hialeah, Florida, according to a March 20 announcement.
-
March 20, 2025
Jurisdictional Uncertainty Helps Preserve Ill. Tax Bias Suit
Cook County property owners who mistakenly brought discriminatory assessment accusations in state court before taking their allegations to federal court can continue pursuing those claims, an Illinois judge said, rejecting the county's timeliness challenge.
-
March 20, 2025
Denver Environmental Lawyer Rejoins V&E From Kirkland
Vinson & Elkins LLP has announced the return of a Denver environmental lawyer from Kirkland & Ellis LLP.
-
March 19, 2025
Your Competition Is Probably Investing In Their Clients
Legal advisers typically sit beside, not across, from their clients, and advise on deals rather than take part in them.
-
March 19, 2025
California Rancheria Can Comment On Casino Land Dispute
A D.C. federal judge has let the Redding Rancheria file a friend of the court brief in two tribes' challenge to the U.S. government's decision to take 221 acres into trust for the rancheria's casino project, ruling it has a special interest in the litigation.
-
March 19, 2025
Nashville Developers Land $253M For 30-Story Hotel Tower
Two real estate firms secured a $253 million financing package to build a 30-story hotel and condominium complex in Nashville's Paseo South Gulch district, borrower-side broker Walker & Dunlop said on Wednesday.
-
March 19, 2025
Holland & Knight Attys On Undoing GSA Lease Terminations
When the General Services Administration announced it was terminating roughly 1,000 of its leases, a pair of lawyers at Holland & Knight LLP started getting calls from clients. In some cases, they advised them that certain terminations were valid, while in others, they helped to restore improperly terminated leases. The pair recently spoke to Law360 Real Estate Authority on the evolving issue and how they're advising clients going forward.
-
March 19, 2025
Law360 Announces The Members Of Its 2025 Editorial Boards
Law360 is pleased to announce the formation of its 2025 Editorial Advisory Boards.
-
March 19, 2025
Owners Probe Refi Possibilities In Clean Energy Finance Tool
After a clean energy finance tool gained steam as a relatively low-cost, long-term financing option, property owners in some states are now leaning on its retroactive capabilities to free up capital and pay down senior lenders.
-
March 19, 2025
Pot Co. Can't Upend Borough's Support For Rival Shop
A New Jersey appeals panel won't let a would-be Keyport cannabis dispensary prevent the borough from granting support for a cannabis license to one of its rivals, saying the trial court was right to find that the process was not arbitrary or capricious.
Expert Analysis
-
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.
-
Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream
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
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
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
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
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
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
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
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
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.