Commercial

  • April 23, 2025

    Minn. Tax Court Slashes $5.5M From Warehouse Value

    A Minnesota warehouse property was overvalued by about $5.5 million, according to the state tax court, which used sales and income approaches and rounded downward to reflect its recent purchase price.

  • April 23, 2025

    Commercial Foreclosure Atty Joins Offit Kurman's NYC Office

    Offit Kurman said Wednesday that it had added David Yohay, a veteran real estate attorney with expertise advising lenders on commercial foreclosures, to its commercial litigation practice group in New York City.

  • April 23, 2025

    Gibson Dunn Real Estate Atty Joins Milbank's NY Office

    Milbank LLP announced Tuesday the addition of a former Gibson Dunn & Crutcher LLP lawyer to its New York office, highlighting his experience handling commercial real estate transactional matters for clients such as private equity and sovereign wealth funds, top financial institutions and family offices.

  • April 23, 2025

    It's Getting Harder To Be A Data Center Speculator

    Opportunistic investors have discovered they can make a pretty penny selling land after securing power for a proposed data center. But utilities have found ways to weed out the speculators, such as requiring a seven-figure deposit up front.

  • April 23, 2025

    NJ AG Sues RealPage, Landlords, Claiming Rent Price 'Cartel'

    RealPage Inc. and 10 of New Jersey's largest landlords are colluding to raise rents in violation of state and federal antitrust and consumer protection laws, forcing Garden State residents to overpay for housing, Attorney General Matt Platkin claimed Wednesday in a federal lawsuit.

  • April 23, 2025

    Sidley-Led Stonepeak Plugs $1.5B Into New Data Center Biz

    Infrastructure and real assets-focused private equity shop Stonepeak, advised by Sidley Austin LLP, revealed on Wednesday that it launched a new North American hyperscale-focused data center company with a $1.5 billion equity commitment.

  • April 23, 2025

    Aztec Fund Says Ch. 11 Deal With Bank Of America On Track

    Private equity investment group Aztec Fund can seek votes on its Chapter 11 liquidation plan after a Texas bankruptcy judge gave conditional approval of its disclosure statement.

  • April 23, 2025

    No Coverage For Shopping Mall In Shooting Suit, Insurer Says

    Scottsdale Insurance Co. has told a Florida federal court that the owner of part of a shopping plaza isn't owed coverage for a $1 million personal injury lawsuit brought by a man who was shot in the parking lot of the shopping center, arguing that the incident didn't occur on the covered premises.

  • April 22, 2025

    Wyndham Must Face Suit Alleging It Enabled Sex Trafficking

    A New Jersey federal judge Tuesday rejected Wyndham Hotels' bid to escape a woman's lawsuit accusing the company and one of its franchisees of ignoring signs she was trafficked for sex at a Hawthorne Suites in Northern California, finding the woman sufficiently alleged Wyndham was liable for her injuries.

  • April 22, 2025

    2 Firms Guide $200M Multifamily, Industrial JV Venture

    Global real estate investment firm Kennedy Wilson and a subsidiary of Japanese developer Tokyu Land Corp. formed a real estate investment joint venture that's guided by Goodwin Procter LLP and Gibson Dunn & Crutcher LLP and aims to focus on U.S. multifamily and industrial projects.

  • April 22, 2025

    DOJ Wants Time During 9th Circ. Vegas Room Rate Arguments

    The U.S. Department of Justice has asked to participate in the Ninth Circuit argument for an appeal from Las Vegas casino-hotel guests accusing the operators of using software to inflate room rates, the first algorithmic price-fixing case to reach an appeals court.

  • April 22, 2025

    McCarter & English Caught In Mall Developer Estate Suit

    The family of a deceased Connecticut retail developer has filed suit against the estate of a deceased attorney and his former firm, McCarter & English LLP, accusing him of mismanaging the developer's trust while extracting steep attorney fees.

  • April 22, 2025

    More Than A Dozen Firms Guided Largest Q1 Hospitality Deals

    A&O Shearman and Hengeler Mueller are among more than a dozen law firms that guided the 10 largest global hospitality mergers and acquisitions of the first quarter, all but one of which were announced in the first two months, prior to the ensuing March trade war escalations.

  • April 22, 2025

    Intel Asks For Final End To Claims Over Chipmaking Problems

    Intel Corp. has told a California federal judge that a group of investors on a second try failed again to show that the company concealed problems in its domestic computer chipmaking business before posting results on Aug. 1 that led to its largest single-day stock decline since 1985.

  • April 22, 2025

    Scott + Scott To Lead Medical Cannabis REIT Securities Suit

    A Maryland federal judge picked Scott + Scott as the lead class counsel Tuesday for a proposed securities class action accusing a medical cannabis-focused real estate investment trust of misleading shareholders about its declining rents, declining property management fees and the state of its leasing operations.

  • April 22, 2025

    Calif. Pension Fund Injects $150M Into Self-Storage Assets

    Real estate management firm Nuveen closed a California pension fund's account in order to make a $150 million investment that's part of a larger $166.6 million investment in U.S. self-storage assets, the firm announced Tuesday.

  • April 22, 2025

    Court Appoints Monitor In SEC's $1B PE Fraud Case

    A Florida federal judge has appointed a founding partner of a Florida law firm to serve as a monitor in the U.S. Securities and Exchange Commission's suit against a private equity firm it says defrauded investors in a $1 billion fund focused on real estate and small business funding.

  • April 22, 2025

    Chase Bank Can't Ditch Claims It Aided $119M Ponzi Scam

    A California federal judge trimmed on Monday SiliconSage Builders LLC receiver's lawsuit accusing JPMorgan Chase of allegedly helping the now-defunct real estate developer carry out a massive $119 million Ponzi scheme, tossing an unjust enrichment claim, but allowing the bulk of the aiding-and-abetting allegations to survive.

  • April 22, 2025

    Pittsburgh Firm Accused Of Botching $3M Office Rent Row

    The owner of a Pittsburgh office building claims mistakes made by attorneys from Meyer Unkovic & Scott LLP cost the company more than $3.3 million in rental income and interest payments, according to a lawsuit filed in federal court Monday.

  • April 22, 2025

    NJ AG Pushes To Revive RICO Case Against Power Broker

    New Jersey urged a state appellate court to revive its sprawling racketeering indictment against Garden State power broker George E. Norcross III, politically connected attorneys and others, arguing that the trial court undertook a review that doesn't exist in criminal practice.

  • April 22, 2025

    Gunster Adds Holland & Knight, Berger Singerman RE Pros

    A few weeks after significantly growing its real estate practice following the merger with Miami firm Katz Barron, Gunster announced the addition of two experienced attorneys from Holland & Knight LLP and Berger Singerman LLP, who will further expand its real estate capabilities in South Florida.

  • April 22, 2025

    Renewals Drive Denver Area Q1 Life Sciences Absorption

    A lack of new project deliveries and a series of renewals in the Denver and Boulder, Colorado, life sciences market led to higher net absorption in the first quarter, even as broker CBRE expects a cooldown in activity ahead due to trade uncertainty.

  • April 22, 2025

    Ex-Baker Donelson Construction Atty Joins McNees Wallace

    Pennsylvania-based McNees Wallace & Nurick LLC has added a construction litigation and arbitration attorney to the firm's Towson, Maryland, office as an of counsel from Baker Donelson Bearman Caldwell & Berkowitz PC.

  • April 21, 2025

    DLA Piper Guides RFR Office Mezz Lender Foreclosure

    RFR Holding Corp. handed control of a Manhattan office property over to a mezzanine lender via a foreclosure sale led by DLA Piper, after defaulting on both the CMBS loan and mezzanine loans tied to the property in 2024.

  • April 21, 2025

    Real Estate Co.'s $1.9M Title Insurance Suit Gets Tossed

    A real estate company could not show that its suit seeking $1.9 million in coverage for a title defect that limited access to its San Diego industrial property belonged in federal court, a California judge found Monday, tossing the case.

Expert Analysis

  • Why NY May Want To Reconsider Its LLC Transparency Law

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    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.

  • Dewberry Ruling Is A Wakeup Call For Trademark Owners

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    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.

  • How GSA Lease Clauses May Affect DOGE Terminations

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    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.

  • What SDNY Judge Can And Can't Do In Adams Case

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    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.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “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.

  • Corp. Transparency Act's Future Under Treasury's Bessent

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    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.

  • Nippon Order Tests Gov't Control Over Foreign Investments

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    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.

  • A Look At A Possible Corporate Transparency Act Exemption

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    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.

  • As EPA Backs Down, Expect Enviros To Step Up Citizen Suits

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    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.

  • Emphasize Social Spaces During RE Project Public Review

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    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.

  • What Contractors Can Do To Address Material Cost Increases

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    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.

  • Reg Waiver Eases Calif. Rebuilding, But Proceed With Care

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    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.

  • Insurance Considerations For LA Wildfire Recovery

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    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.