Commercial

  • May 29, 2024

    7 Courthouse Facelifts Funded By The $1.2T Spending Bill

    Seven federal courthouses across the U.S. and Puerto Rico are receiving funds for upgrades or construction as part of Congress' latest $1.2 trillion spending package, and security and seismic concerns are top of mind at many of the buildings selected.

  • May 29, 2024

    Gibson Dunn, Cleary Advise $120M Luxury Retail Buy

    A Florida real estate investment firm has closed on $120 million in financing for its discount acquisition of a luxury retail building at 680 Madison Ave. in New York, in a transaction advised by Gibson Dunn & Crutcher LLP and Cleary Gottlieb Steen & Hamilton LLP.

  • May 29, 2024

    3 Firms Guide Blackstone's $768M Hawaii Resort Deal

    Simpson Thacher & Bartlett LLP, Arnold & Porter Kaye Scholer LLP and Cades Schutte LLP guided Blackstone Real Estate's $725 million sale of a Hawaii resort and the simultaneous $43 million sale of an adjacent 65-acre parcel, according to a statement from the seller Wednesday.

  • May 29, 2024

    Law Firm Says Atty Can't Elude Malpractice Claims In RE Case

    Chaitman LLP has urged a New Jersey state court to preserve its malpractice claims against a suspended solo attorney, arguing that discovery so far has shown that the attorney was deeply involved in guiding a case that ended in failure for its clients and exposed Chaitman to its own malpractice suit.

  • May 29, 2024

    8th Circ. Backs Ark. Landowners' Jury Win In Flooding Suit

    The Eighth Circuit has upheld a group of Arkansas landowners' nearly $350,000 jury win in their lawsuit accusing Lawrence County of building a bridge that caused flooding that damaged their crops.

  • May 29, 2024

    Ross Stores Plans $450M Distribution Center In NC

    Retail chain Ross Stores Inc. will invest $450 million to build a regional distribution center in North Carolina's Randolph County that's expected to be partially funded by a local grant, according to an announcement from the state's Gov. Roy Cooper.

  • May 29, 2024

    Iconic NYC Building, Ideal Location. So What's The Problem?

    In the fifth and final story in a series on distressed office properties in various U.S. markets, Law360 Real Estate Authority examines a historic office building that fell into loan distress despite being in one of Manhattan's strongest markets.

  • May 29, 2024

    NYC Real Estate Week In Review

    Kriss & Feuerstein and BakerHostetler were among the law firms that guided the largest New York City real estate deals that hit public records last week, a slow period that saw only four transactions at or above $15 million.

  • May 29, 2024

    Ind. Tax Court Says Hotel In Construction Was Fairly Assessed

    An Indiana hotel that was under construction in 2010 was properly assessed despite claims that the county assessor had not assessed all unfinished commercial properties equally, the state tax court ruled.

  • May 29, 2024

    Walker & Dunlop GC Departs As Deputy Fills Shoes For Now

    The longtime top attorney for commercial real estate finance and advisory services firm Walker & Dunlop Inc. has left the company after nearly 14 years, and Walker & Dunlop's deputy general counsel is taking over in the interim.

  • May 29, 2024

    Greenberg Traurig Gets 30-Year Tax Break From Saudi Arabia

    Greenberg Traurig LLP is among the first law firms to get licensed as a regional headquarters, or RHQ, company in Saudi Arabia, allowing the firm to take advantage of a major tax break, the firm announced Tuesday.

  • May 29, 2024

    Grocery Exec Ends Claims Over $20M Meant For New Stores

    With a trial set for August, an investor has settled a federal court lawsuit accusing the president of North Carolina-based grocery chain Earth Fare of boosting his own personal wealth with $20 million intended to develop new stores.

  • May 28, 2024

    Chancery Finds Ex-CEO Owed $79M For Share Lockup Losses

    The former CEO of a 3D building imaging company is owed more than $79 million in damages in his share value suit against the company, but not the more than $141 million he sought, the Delaware Chancery Court ruled Tuesday.

  • May 28, 2024

    Seattle Landlord Affiliates Fight To Skip $6.8M Renovation Suit

    Three entities tied to Martin Selig Real Estate have asked a Washington state court to drop them from a tenant's $6.8 million lawsuit alleging they are on the hook for a fourth affiliate's contractual obligation to shoulder contractor fees, arguing the plaintiff mischaracterized their corporate structure.

  • May 28, 2024

    Goldman Family Battles Over Evidence In Property Biz Suit

    Relatives of Jane Goldman, an heiress of Sol Goldman's New York City property empire, argued that a contract she has said establishes her authority over the family's real estate business is of "dubious origin."

  • May 28, 2024

    Tribe Says Enbridge's Trespass Concern Wasted Court's Time

    A Wisconsin tribe has told the Seventh Circuit that Enbridge Energy wasted the court's time raising concerns that an old tribal trespass ordinance could cost the company millions in fines, saying it has nothing to do with the tribe's attempts to stop the Line 5 pipeline.

  • May 28, 2024

    Apartment Co. Says Insurer Owes Millions For Hail Damage

    The owners of an apartment building blamed an insurer for breaching its contract in Kansas federal court Tuesday, alleging the carrier failed to cover over $13 million in wind, hail and water damages and underestimated the loss despite clear evidence.

  • May 28, 2024

    Jones Day, King & Spalding Rep Blackstone, Bank's $1B Deal

    Blackstone has bought a $1 billion senior mortgage loan portfolio from Deutsche Pfandbriefbank after the German bank revealed plans to offload it, with the all-cash transaction shaped by Jones Day and King & Spalding LLP. 

  • May 28, 2024

    Simpson Thacher Hires US Treasury Alum From Blackstone

    An experienced fund transactions attorney has moved from an in-house role at Blackstone to private practice at Simpson Thacher & Bartlett LLP, the firm said Tuesday.

  • May 28, 2024

    Texas Real Estate Investment Manager Closes $1.6B Fund

    Pennybacker, an Austin, Texas-based investment manager, closed its latest fund for opportunistic investments in real estate at $1.6 billion, exceeding the vehicle's target, according to an announcement Tuesday.

  • May 28, 2024

    Colo. Creates Tax Credits For Agricultural Stewardship

    Colorado farms and ranches that use certain agricultural stewardship practices will be eligible for tax credits of up to $300,000 under legislation signed into law by Gov. Jared Polis.

  • May 24, 2024

    Lender Says Ch. 11 Triggers Payment Obligation for NYC Lofts

    A lender filed suit against Rudy Gabsi, CEO of Israeli investment firm Leny Group, alleging Gabsi is on the hook for $82 million after a borrower tied to the firm thwarted a foreclosure sale involving New York City properties by filing for Chapter 11 bankruptcy protections.

  • May 24, 2024

    NY AG Sues Over Illegal Long Island Wetland Construction

    New York prosecutors on Friday sued to force a contractor to pay nearly $600,000 and restore a Long Island wetland area the company has been using as a storage site after illegally clearing vegetation and building a parking lot more than a decade ago.

  • May 24, 2024

    Cell Tower Operator's Trade Secret Suit Tossed For Now

    A Pennsylvania federal judge has thrown out a cell tower operator's allegations that a rival used its confidential information on pricing from landlords and made misleading statements to buy out tower leases.

  • May 24, 2024

    DC Circ. Says Bainbridge Can't Have Argentina's Building

    The D.C. Circuit on Friday denied an appeal from Bainbridge Fund Ltd. in a property dispute with Argentina, saying the company can't take possession of the property in an effort to satisfy a $95 million judgment over defaulted bonds.

Expert Analysis

  • Prepping Your Business Ahead Of Affirmative Action Ruling

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    The U.S. Supreme Court's upcoming ruling on whether race should play a role in college admissions could potentially end affirmative action, and companies will need a considered approach to these circumstances that protects their brand power and future profits, and be prepared to answer tough questions, say Nadine Blackburn at United Minds and Eric Blankenbaker at Weber Shandwick.

  • How REITs Can Prep For SEC's Repurchase Disclosure Rules

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    With real estate investment trusts' share repurchase activity on the rise, REITs should beware the potential enforcement risks that may arise from the U.S. Securities and Exchange Commission's new rules requiring additional disclosures regarding such repurchases, says Zach Swartz at Vinson & Elkins.

  • Tackling Judge-Shopping Concerns While Honoring Localism

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    As the debate continues over judge-shopping and case assignments in federal court, policymakers should look to a hybrid model that preserves the benefits of localism for those cases that warrant it, while preventing the appearance of judge-shopping for cases of a more national or widespread character, says Joshua Sohn at the U.S. Department of Justice.

  • How Attorneys Can Help Combat Anti-Asian Hate

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    Amid an exponential increase in violence against Asian American and Pacific Islander communities, unique obstacles stand in the way of accountability and justice — but lawyers can effect powerful change by raising awareness, offering legal representation, advocating for victims’ rights and more, say attorneys at Gibson Dunn.

  • Congress Needs To Enact A Federal Anti-SLAPP Statute

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    Although many states have passed statutes meant to prevent individuals or entities from filing strategic lawsuits against public participation, other states have not, so it's time for Congress to enact a federal statute to ensure that free speech and petitioning rights are uniformly protected nationwide in federal court, say attorneys at Skadden.

  • As Sackett Trims Feds' Wetlands Role, States May Step Up

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    The U.S. Supreme Court's recent decision in Sackett v. U.S. Environmental Protection Agency extinguishes federal authority over many currently regulated wetlands — meaning that federal permits will no longer be required to discharge pollutants in affected areas, but also that state regulators may take a more active role, say attorneys at Kelley Drye.

  • Some Client Speculations On AI And The Law Firm Biz Model

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    Generative artificial intelligence technologies will put pressure on the business of law as it is structured currently, but clients may end up with more price certainty for legal services, and lawyers may spend more time being lawyers, says Jonathan Cole at Melody Capital.

  • Trafficking Ruling Offers Liability Lessons For Hospitality Cos.

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    A California federal court recently dismissed a lawsuit accusing several national hotel chains of knowingly benefiting from sex trafficking at their premises, highlighting how hospitality leaders can protect their guests and staff, and shield their companies from liability and reputational damage, says Danielle Dudai at Hall Booth.

  • A Lawyer's Guide To Approaching Digital Assets In Discovery

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    The booming growth of cryptocurrency and non-fungible tokens has made digital assets relevant in many legal disputes but also poses several challenges for discovery, so lawyers must garner an understanding of the technology behind these assets, the way they function, and how they're held, says Brett Sager at Ehrenstein Sager.

  • High Court's Ethics Statement Places Justices Above The Law

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    The U.S. Supreme Court justices' disappointing statement on the court's ethics principles and practices reveals that not only are they satisfied with a status quo in which they are bound by fewer ethics rules than other federal judges, but also that they've twisted the few rules that do apply to them, says David Janovsky at the Project on Government Oversight.

  • What's Unique — And What's Not — In Trump Protective Order

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    A Manhattan judge's recent protective order limiting former President Donald Trump's access to evidence included restrictions uniquely tailored to the defendant, which should remind defense attorneys that it's always a good idea to fight these seemingly standard orders, says Julia Jayne at Jayne Law.

  • Time For Law Schools To Rethink Unsung Role Of Adjuncts

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    As law schools prepare for the fall 2023 semester, administrators should reevaluate the role of the underappreciated, indispensable adjunct, and consider 16 concrete actions to improve the adjuncts' teaching experience, overall happiness and feeling of belonging, say T. Markus Funk at Perkins Coie, Andrew Boutros at Dechert and Eugene Volokh at UCLA.

  • Justices Curb Fraud Theories, But That May Not Deter Feds

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    The U.S. Supreme Court’s opinions last week in Ciminelli v. U.S. and Percoco v. U.S. are the latest in a line of rulings aiming to limit the wire fraud statute’s application to state public corruption cases, but federal prosecutors will probably continue pursuing such cases using different charging language and other laws, says ​​​​​​​Alison Anderson at Boies Schiller.