Commercial
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March 17, 2025
At Distressed Assets Forum, Lenders Say They're Doing OK
Despite recent upticks in distress in commercial real estate and some foreboding statistics, bankers and private lenders speaking at a forum on distressed assets on Monday presented a rather optimistic outlook on being able to survive and even find opportunities in 2025.
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March 17, 2025
NY Tower Owner Buys Out JPMorgan Arm In $420M Deal
Steiner NYC closed a $420 million recapitalization of a Brooklyn multifamily tower and bought out equity partner J.P. Morgan Asset Management, guided by in-house counsel and a Latham & Watkins LLP team.
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March 17, 2025
Hotel REIT Lands $126M To Renovate 12-Property Portfolio
Hospitality-focused lender Access Point Financial provided a $126 million "fully funded loan" to American Hotel Income Properties REIT LP, which will use the funds to "refinance, renovate and upgrade" its 12-property U.S. hotel portfolio, the lender announced Monday.
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March 17, 2025
Brookfield Offloads Steeply Discounted NYC Office For $150M
Brookfield Properties took a significant hit on the sale of a Manhattan office building, with county property records showing Monday that it sold 333 W. 34th St. for $150 million after purchasing the midtown building for $255 million.
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March 17, 2025
Fraud Victims Claim CRE Fintech Firm Skirted Securities Law
A group of investors pointed to a recent fraud case in seeking to claw back more than $1 billion raised by fintech firm CrowdStreet, claiming in a proposed class action filed in Texas federal court that the platform operated outside state and federal financial regulations for a decade.
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March 17, 2025
Belkin Burden Hires Tax Exemption, Zoning Experts
Belkin Burden & Goldman LLP announced Monday it has added five new attorneys from Seiden & Schein PC who will form the firm's new tax exemptions and zoning incentives department.
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March 17, 2025
NYC Real Estate Week In Review
DLA Piper and Klestadt Winters are among the law firms that landed work on the top New York City real estate deals to hit public records last week, with a pair of Manhattan trades topping the list.
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March 17, 2025
DC Commercial Property Taxable Values Drop Nearly 8%
Commercial property values in Washington, D.C., dropped 7.87% in their 2025 assessments compared with a year earlier, the district's tax office said.
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March 14, 2025
Judge Hands Landlord Win In Maryland Nurse's Eviction Case
A Maryland federal judge mostly sided with a landlord that was hit with a nurse practitioner's $1 million suit, which alleged that the landlord wrongfully locked her out of her place of business when she wasn't there and evicted her.
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March 14, 2025
Calif. Insurance Chief OKs State Farm Rates Pending Hearing
The California Department of Insurance on Friday provisionally approved State Farm's request for an emergency rate hike following the Los Angeles fires, including a nearly 22% increase for homeowners, saying final approval will be contingent on the insurer justifying its request at a hearing.
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March 14, 2025
Property Plays: Buffalo, Swerdlow Group, Tampa Bay Rays
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.
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March 14, 2025
Demand Tightens Florida Land Market In '24, Broker Finds
Large-acreage land transactions and institutional investors drove much of the activity in Florida's land market in 2024, with agricultural land transforming into residential, solar or other development as the state's population grows.
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March 14, 2025
Calif. Tribe Looks To Defend Casino Land Trust Decision
A California tribe at the crux of an Interior Department decision to take 221 acres of trust land for the construction of its casino development wants to intervene in a challenge to the order, saying it and the federal agency have different goals in dismissing the dispute.
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March 14, 2025
Under The Radar: Bankruptcy News You May Have Missed
Avon's international unit asked a bankruptcy judge to extend the window during which only it can propose a Chapter 11 plan, consulting firm Azzur Group Holdings asked the Delaware bankruptcy court to approve its Chapter 11 plan disclosures and allow it to hold a vote, and Philadelphia's University of the Arts proposed selling a property for nearly $7 million. These are some of the bankruptcy stories you may have missed in the last week.
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March 14, 2025
Related Ross Begins Fla. Commercial Office Towers Project
Related Ross has started construction on two Class AA commercial office towers that will take up almost 1 million square feet combined in downtown West Palm Beach, Florida, the developer announced.
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March 14, 2025
3 Firms Rep Franklin BSP Realty Trust's $425M NewPoint Buy
Hogan Lovells, Reed Smith and Paul Weiss guided Franklin BSP Realty Trust's $425 million acquisition of commercial real estate finance company NewPoint Holdings JV LLC, boosting the REIT's multifamily loan offerings.
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March 14, 2025
King & Spalding Real Estate Ace Jumps To Benesch In NY
Benesch Friedlander Coplan & Aronoff LLP has added commercial real estate attorney David Hudson from King & Spalding LLP as part of efforts to expand the firm's New York bench.
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March 14, 2025
Washington Dept. OKs Property Conversion Tax Break Regs
Washington state's Department of Revenue adopted regulations to clarify eligibility requirements for a retail sales and use tax break for the conversion of commercial property to affordable housing authorized by a 2024 law, according to a rulemaking order.
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March 13, 2025
Tampa Bay Rays Halt Plans For New $1.3B MLB Stadium
Major League Baseball's Tampa Bay Rays announced Thursday that it will stop developing a $1.3 billion stadium that's connected to a larger $6.5 billion redevelopment plan for the Historic Gas Plant District in St. Petersburg, Florida.
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March 13, 2025
Ore. Tribes Challenge Utility's Eminent Domain Bid
An Oregon Indigenous community is fighting a bid by Portland General Electric Co. to condemn five acres of public land for the maintenance and operation of its hydroelectric project, arguing that the move is a pretext to eliminate its ceremonial fishing platform at the state's largest waterfalls.
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March 13, 2025
Founder Wants $14.7M In Logistics Developer SPAC Dispute
The founder of a Latin America-based logistics property developer told a Florida federal court that he is owed at least $14.7 million as part of a 2024 special purpose acquisition company merger.
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March 13, 2025
Smith Currie Hires Veteran Construction Atty To Fla. Office
Smith Currie Oles LLP has hired a former Siegfried Rivera construction litigation attorney as partner in the firm's Fort Lauderdale, Florida, office, the firm announced Wednesday.
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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.
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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.
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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.

Paul Hastings Guides Artemis From Founding To Takeover
When Paul Hastings partner Joshua H. Sternoff was initially pitched on repping Debbie Harmon and Penny Pritzker in creating the first women-owned real estate investment business, he thought it was a bet worth taking. About 16 years and several fundraising cycles later, Sternoff and others at Paul Hastings steered Artemis Real Estate Partners through what might be its biggest move yet.

Burr & Forman Vet Sees Bright Spot For Office Amid Clouds
Burr & Forman LLP partner Brad Skidmore talks to Law360 Real Estate Authority about why he expects growth for the office real estate market despite a recent atmosphere of gloom and doom over the sector.

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.
Expert Analysis
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Why NY May Want To Reconsider Its LLC Transparency Law
Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.
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Dewberry Ruling Is A Wakeup Call For Trademark Owners
The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.
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How GSA Lease Clauses May Affect DOGE Terminations
The Department of Government Efficiency has begun to cut the U.S. General Services Administration's enormous real estate portfolio, but some standard lease clauses include limits helpful to landlords that may slow progress toward the administration's cost-cutting goals, say attorneys at Pillsbury.
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What SDNY Judge Can And Can't Do In Adams Case
The federal judge in the Southern District of New York overseeing the criminal case against New York City Mayor Eric Adams deferred making a decision on the government's motion to dismiss the indictment, and while he does have limited authority to deny the motion, that would ultimately be a futile gesture, says Ethan Greenberg at Anderson Kill.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Corp. Transparency Act's Future Under Treasury's Bessent
The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.
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Nippon Order Tests Gov't Control Over Foreign Investments
The U.S. government is primarily interested in restraining foreign transactions involving countries of concern, but former President Joe Biden’s January order blocking the merger of Nippon Steel and U.S. Steel shows that all foreign direct investments are under the federal government’s microscope, say attorneys at Blank Rome.
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A Look At A Possible Corporate Transparency Act Exemption
Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.
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As EPA Backs Down, Expect Enviros To Step Up Citizen Suits
As President Donald Trump's U.S. Environmental Protection Agency draws down federal enforcement efforts, environmental groups will step into the void and file citizen suits — so companies should focus on compliance efforts, stay savvy about emerging analytical and monitoring methods, and maintain good relations with neighbors, say attorneys at Beveridge & Diamond.
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Emphasize Social Spaces During RE Project Public Review
As Boston continues to work through revisions to its public review process for real estate projects, developers attempting to balance impact mitigation and community improvements may benefit from emphasizing the ways in which development plans can facilitate open social exchange, says David Linhart at Goulston & Storrs.
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What Contractors Can Do To Address Material Cost Increases
In light of the Trump administration's plans to increase tariffs on Mexico, Canada and China, construction industry players should proactively employ legal strategies to mitigate the impacts that price increases and uncertainty may have on projects, says Brenda Radmacher at Seyfarth Shaw.
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Reg Waiver Eases Calif. Rebuilding, But Proceed With Care
California Gov. Gavin Newsom's executive order suspending some environmental review and permitting requirements for the reconstruction of homes and businesses damaged by recent wildfires may streamline rebuilding efforts, but will require careful navigation of the evolving regulatory landscape, says Gregory Berlin at Alston & Bird.
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Insurance Considerations For LA Wildfire Recovery
Businesses and homeowners affected by the destructive Southern California wildfires must act swiftly and strategically to navigate the complexities of the insurance recovery process, including by identifying all applicable policies, documenting damage thoroughly and keeping abreast of relevant state law, say attorneys at Morgan Lewis.