Commercial
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April 08, 2025
Contractor's Win In Insurance Fraud Suit Upheld By 6th Circ.
A Sixth Circuit panel affirmed Continental Building Co.'s defeat of a lawsuit that leveled insurance fraud claims at the general contractor, finding a subcontractor failed to trace its losses to Continental's claim that it defaulted on a contract.
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April 08, 2025
Mass. Board Upholds Town's Value Of Commerical Property
An owner of a commercial property in Massachusetts failed to produce comparable sales to substantiate reducing the property's valuation by more than $400,000, the state Appellate Tax Board ruled Tuesday.
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April 08, 2025
Design Co. Denied Exit From Hurricane Subrogation Suit
A design contractor facing a $4 million subrogation action over hurricane damage to commercial HVAC units at an Amazon sorting facility can't rely on notice requirements in Florida's construction defect law, Chapter 558, to argue the plaintiff insurers are statutorily barred from seeking reimbursement, a Florida federal court ruled.
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April 08, 2025
Lowndes Adds Fla. Real Estate Attorney From Shutts & Bowen
The Lowndes law firm announced it had added Jason Williams, a former Shutts & Bowen LLP partner, as an Orlando, Florida-based shareholder in its commercial real estate department.
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April 08, 2025
Battery Park City Authority Hires Ex-CBRE Atty As GC
Former CBRE legal counsel and managing director Elaine Kleinberg has been hired as general counsel for New York state's Battery Park City Authority, the public benefit corporation announced Monday.
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April 08, 2025
Olshan Frome Expands Real Estate Group With New Partner
New York-based Olshan Frome Wolosky LLP has added an experienced real estate partner from Mintz Levin Cohn Ferris Glovsky and Popeo PC, in a move meant to aid in the expansion of the midsize firm's real estate law group.
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April 08, 2025
BDO Faces Probe Over Collapsed Home REIT's Audit
The Financial Reporting Council is investigating BDO LLP's audit of the ailing real estate investment trust Home REIT PLC's consolidated financial statements from years before the investor announced it would wind down, the corporate governance regulator said Tuesday.
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April 08, 2025
Rhodium Gets OK For $185M Settlement With Landlord
A Texas bankruptcy judge on Tuesday approved a $185 million asset sale to settle a dispute between Rhodium Encore and its remaining landlord that will allow the bankrupt cryptocurrency miner to wipe out its debt with enough left over to pay shareholders.
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April 07, 2025
VA Plans Office Expansions Amid Federal Leasing Pullback
The U.S. General Services Administration notified Congress of its plans to relocate, expand or consolidate existing U.S. Department of Veterans Affairs medical facility leases to the tune of an extra $205 million annually, even as the federal government sheds leases to cut costs.
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April 07, 2025
DOJ Says Partnerships Can't Wipe Out $4M Tax Lien
Two partnerships cannot use a mortgage sale to foreclose on properties and wipe out the government's $4 million tax lien on a couple's real estate, the U.S. told a Washington federal court.
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April 07, 2025
Honigman Hires Ex-Ice Miller Real Estate Atty In Chicago
Honigman LLP added former Ice Miller LLP partner Michael R. Tirman as a real estate transactions partner in its Chicago office, the firm announced Monday.
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April 07, 2025
Ex-TBS GC Chairs CoStar Board In Latham-Advised Refresh
Latham & Watkins LLP advised CoStar Group on a "refreshment" of the company's board of directors that includes a new role for a former Turner Broadcasting Systems general counsel, according to a Monday announcement that follows pressure from hedge funds D.E. Shaw and Third Point.
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April 07, 2025
Denver Builder Says Ex-Employee Stole Info For Competitor
A full-service general building contractor has accused a former employee and an industry rival in Colorado state court of using stolen confidential business information to make a competitive bid for a 2025 "large scale" Colorado project that's anticipated to create more than $20 million in revenue.
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April 07, 2025
In New York, Law Firms Are Staying Put
Many law firms are opting to stay in their current offices in New York City. Here, Law360 Pulse looks at what is driving their decisions.
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April 07, 2025
NYC Real Estate Week In Review
Proskauer and Mermel Associates are among the law firms that scored work on the largest New York City real estate deals that hit public records last week, with a large Extell Development buy leading the way.
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April 07, 2025
Goldberg Segalla Adds Hospitality, Retail Atty In Palm Beach
Litigation firm Goldberg Segalla LLP said it has added retail and hospitality attorney Jason R. Hepperly to its office in West Palm Beach, Florida.
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April 07, 2025
Montana To Appraise Taxable Real Property Every 2 Years
Montana will reappraise most taxable real property every two years under a bill signed by the governor.
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April 07, 2025
CBRE Chief Legal Exec Raked In $3.4M As GC Last Year
CBRE's newly crowned chief legal and administrative officer Chad Doellinger was paid $3.39 million in 2024, a year in which the executive served as the commercial real estate services firm's general counsel, per a securities filing.
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April 07, 2025
UAE Establishes Nexus Rules For Foreign Trust Investors
The United Arab Emirates' Ministry of Finance has laid out rules for when nonresident investors in certain funds and trusts will be subject to taxation based on distributions made by the funds.
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April 07, 2025
Supreme Court Declines Review Of NY Concealed Carry Law
The U.S. Supreme Court said Monday that it won't review a New York state law requiring "good moral character" as a prerequisite to obtaining a gun permit, passing on an opportunity to resolve what firearm rights advocates called a circuit split on how the high court's decision in Bruen is interpreted.
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April 04, 2025
Hilco To Fight $177M GSA Deal Cancellation
Hilco Development Services said it will fight the General Services Administration's decision to cancel its $177 million sale of a decommissioned federal government building in California to the construction company.
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April 04, 2025
Liberty Mutual Must Cover Trafficking Suits, Red Roof Says
Red Roof Inn is entitled to a defense from Liberty Mutual for 11 underlying suits involving alleged human trafficking at various hotel locations, the company told an Ohio federal court Friday, saying the insurer has reneged on its agreement to provide coverage.
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April 04, 2025
Fla. House Bill Would Cut General Sales Tax Rate, Other Rates
Florida would reduce the state's general sales tax rate and other sales tax rates, including the rates imposed on commercial rent, electricity and sales of new mobile homes, by three-quarters of a percentage point under a bill introduced in the state House of Representatives.
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April 04, 2025
Ogletree To Move To Smaller Atlanta Office Next Year
Ogletree Deakins Nash Smoak & Stewart PC is planning to move to a smaller and more modern office in Atlanta early next year, occupying a floor in the Bank of America Plaza building and leaving its longtime location in two floors at 191 Peachtree Tower, the firm's chief administrative officer told Law360 Pulse on Friday.
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April 04, 2025
NY Youth Welfare Org Snags $9M Real Estate Bid In Ch. 11
Bankrupt youth mental health provider St. Christopher's Inc. is asking a New York bankruptcy court to approve the private sale of a 22.1 acre property for $9 million.
Expert Analysis
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Conn. Ruling Highlights Keys To Certificate-Of-Need Appeals
The Connecticut Supreme Court's recent decision in High Watch Recovery Center v. Department of Public Health, rejecting rigid application of statutes concerning certificate-of-need procedure, provides important guidance on building an administrative record to support a finding that a case is contested, say attorneys at Robinson & Cole.
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Pickleball Makes Waves In Fla. Real Estate, With Risks In Play
Pickleball's burgeoning popularity in Florida is catalyzing a transformation in the state's commercial real estate market, but investors must take steps to navigate legal challenges related to noise, insurance and community dynamics, says Emmanuelle Litvinov at DarrowEverett.
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4 Business-Building Strategies For Introvert Attorneys
Excerpt from Practical Guidance
Introverted lawyers can build client bases to rival their extroverted peers’ by adapting time-tested strategies for business development that can work for any personality — such as claiming a niche, networking for maximum impact, drawing on existing contacts and more, says Ronald Levine at Herrick Feinstein.
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What Calif. Pot Permit Ruling Means For Enviro Compliance
While a California appeals court's recent decision in Lucas v. City of Pomona affirms the city's use of a statutory exemption for its commercial cannabis overlay permit program, the ruling does not mean that all applicants seeking similar approvals are exempted from state environmental compliance obligations, say Whitney Hodges and Barbara Machado at Sheppard Mullin.
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Rare Reg A+ Fines Reflect New Era Of SEC Enforcement
The U.S. Securities and Exchange Commission's recent announcement of civil penalties against 10 microcap companies for violations of Regulation A+ shows that as the SEC continues to expand its enforcement efforts, its focus remains on protecting investors of all sizes — including those investing in the historically less-scrutinized Reg A+ issuers, say attorneys at Crowell & Moring.
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Factors To Consider When Structuring Data Center Contracts
Data center leases and service agreements grant very similar rights and impose similar obligations, but they also hold notable differences and a range of factors that are important to consider when selecting which form of agreement to use, say attorneys at Mayer Brown.
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Rethinking Mich. Slip-And-Fall Defense After Top Court Ruling
The Michigan Supreme Court recently overturned three decades of premises liability jurisprudence by ruling that the open and obvious danger defense is no longer part of a traditional duty analysis, posing the question of whether landowners will ever again win on a motion for summary dismissal, say John Stiglich and Meriam Choulagh at Wilson Elser.
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Subchapter V Eligibility Ruling Raises Uncertainty For Tenants
A Virginia bankruptcy court’s recent ruling in Macedon Consulting — that all remaining rent under a lease should be factored into a lessee's Subchapter V eligibility — raises the question, but does not address, how a court should calculate the amount of debt owed under a lease, creating significant risk for potential tenant debtors, says Sam Ashuraey at Ashuraey Law.
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Parsing Tax Implications Of NYC Office Leasing Transactions
Though New York City's tax laws generally do not require negotiated contractual risk allocation in the case of sublease and early lease termination transactions, it is still helpful for counsel to both landlords and tenants to understand the laws' nuances, say attorneys at Lowenstein Sandler.
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NY's Take On Premises Insurance Policies: What's In A Name?
A New York appellate court's recent decision in Wesco Insurance v. Fulmont Mutual Insurance — requiring insurance coverage for a property owner not named on the policy — strengthens a state case law trend creating a practical exception in premises liability cases to normally strict requirements for coverage, says Craig Rokuson at Traub Lieberman.
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Bankruptcy Ruling Shows Section 363's Magic Has Its Limits
The Ninth Circuit Bankruptcy Appellate Panel's recent ruling in Groves demonstrates that Section 363 — which allows a debtor-in-possession to sell their property in order to generate cash — fails as a tool when it’s used to turn a nondebtor entities' property into property of a debtor's bankruptcy estate, says Brian Shaw at Cozen O'Connor.
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Shifts In The CRE Landscape Demand Creative Loan Solutions
An increase in commercial real estate loan workouts makes it critical for borrowers, lenders and other CRE participants to examine all the available options and remedies, including mortgage and mezzanine foreclosures, bankruptcy filings and property short sales, say attorneys at Goulston & Storrs.
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A Smoother Process For CRE Receiverships In Conn.
A newly effective Connecticut law concerning distressed commercial real estate provides a number of opportunities and strategic considerations for creditors, and should be watched even by counsel in other states as adoption of the law could become more widespread, say John Loughnane and Steven Coury at White and Williams.