Commercial
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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.
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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.
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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.
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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."
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Expert Analysis
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.