Commercial

  • October 02, 2024

    Riemer & Braunstein Rehires Corporate Atty For Boston Office

    Riemer & Braunstein LLP has brought back corporate attorney Adam W. Jacobs, and this time he'll be working as a partner and group leader in the firm's business law/real estate department in Boston.

  • October 02, 2024

    Husch Blackwell Atty Says Bill Would Boost Rural Housing

    A bill in the U.S. House of Representatives would provide much-needed support for projects to convert vacant commercial spaces to residential ones, and rural areas in particular would stand to benefit from the program, a Husch Blackwell attorney who's closely watching the legislation recently told Law360 in an interview.

  • October 02, 2024

    Even Before Helene, CRE Costs Rising In Tampa, Trepp Says

    The cost of maintaining commercial real estate in the Tampa, Florida, area has been on the rise in recent years, in a factor that analyst Trepp said is a sign of the growing costs associated with severe storms such as Hurricane Helene.

  • October 02, 2024

    O'Melveny Advises Citibank On $5B REIT Credit Facility

    O'Melveny & Myers LLP said it represented Citibank on a $5 billion unsecured senior revolving credit facility for real estate investment trust Alexandria Real Estate Equities.

  • October 02, 2024

    Climate Risk Is Turning The Tide In Buyer, Investor Behavior

    Climate risk isn't yet the kind of consideration that would make or break the average property deal. But as it becomes less of an abstract concept and more of a concrete part of due diligence, it's on the verge of causing major ripples throughout the real estate industry.

  • October 02, 2024

    US Seeks To Drop $1M Tax Suit Against Sleep Clinic Founder

    The U.S. government seeks to drop its case against a sleep clinic founder and his wife, whom it had accused of hiding assets, after the couple agreed to pay their tax liabilities in full, according to a filing in California federal court Wednesday.

  • October 02, 2024

    NYC Mayor Adams May Face More Charges, Feds Say

    Prosecutors told a Manhattan federal judge Wednesday it was "possible" they would charge New York City Mayor Eric Adams with additional crimes in his corruption case, indicating they have evidence he told witnesses to lie to the FBI.

  • October 02, 2024

    Ohio Tax Board Boosts Parcels' Value To Purchase Price

    Two Ohio parcels should be valued at their purchase price, a state tax board said, rejecting a local board's finding that their value should be lower because the buyer paid a premium and demolished several structures on the properties.

  • October 01, 2024

    NJ Hotels Beat Room Price-Fixing Suit For Good

    Another algorithmic antitrust suit is off the table after a New Jersey federal judge said Monday that a room-rate proposed class action against Atlantic City casino-hotels has the same failings that doomed a case over room prices on the Las Vegas Strip.

  • October 01, 2024

    Investment Firm Raises $4.7B For Bonds, Real Estate Loans

    Monarch Alternative Capital LP announced Monday that it raised $4.7 billion for the completion of its sixth closed-end fund, surpassing the opportunistic credit and real estate firm's goal and the amount raised for the previous fund.

  • October 01, 2024

    Crowne Plaza Gets Out Of Ohio Sex Trafficking Liability Suit

    An Ohio federal magistrate judge released Crowne Plaza LLC from an anonymous plaintiff's lawsuit seeking to hold lodging entities liable for sex trafficking injuries, after the survivor said the hotel chain's presence in the case "adds nothing" to her chances of winning damages.

  • October 01, 2024

    Sacramento's Biggest Tower Sells Locally For $117M

    Singapore-based real estate investment trust Manulife US said it has sold Sacramento's tallest building to a local firm for $117 million in a deal to pay off debt due next year.

  • October 01, 2024

    When The Client Is The Mayor, The Usual Rules Don't Apply

    Representing a public official, whether the mayor of New York City, a state legislator or a city council member, poses unique challenges for even the most experienced lawyers, who often find themselves torn between fighting battles in the press and protecting their client in court.

  • October 01, 2024

    Adams Says Feds Sought To 'Tarnish' Him With Leaks

    New York City Mayor Eric Adams asked a Manhattan federal judge Tuesday to sanction Southern District prosecutors for allegedly leaking the details of a criminal investigation for nearly a year leading up to his corruption indictment, saying negative press has hurt his standing with the public and undermined his right to a fair trial.

  • October 01, 2024

    Latham Reps CPP Investments In $15B Equinix Data Center JV

    Latham & Watkins advised Canada Pension Plan Investment Board in a joint venture with digital infrastructure developer Equinix Inc. and Singapore's sovereign wealth fund GIC that could invest $15 billion to build data centers. 

  • September 30, 2024

    Chubb Units Avoid Nearly All Claims In Water Damage Suit

    A Connecticut federal court on Monday tossed nearly all coverage claims a commercial real estate company and its owner lodged against Chubb companies over plumbing issues at their headquarters, finding two of the defendant Chubb companies weren't parties to the policy at issue.

  • September 30, 2024

    Licensed DC Pot Shops Take Aim At Illicit Stores

    A new lawsuit in D.C. federal court is taking aim at allegedly "unlicensed and illegal cannabis dispensaries" in the district, saying the unregulated market is squeezing out legal businesses.

  • September 30, 2024

    New Calif. Law Limits Warehouse Builds, Experts Say

    With Gov. Gavin Newsom's signature Sunday, California has enacted broad restrictions on warehouse development that could pack new projects into commercial areas away from homes, schools and parks, frustrating both business and environmental groups.

  • September 30, 2024

    Retail REIT Sells 11 Properties For $610M To Bolster Spinoff

    SITE Centers Corp. sold 11 retail properties for $610.1 million, a deal the retail-focused real estate investment trust will use to stock the balance sheet of its convenience assets-focused unit ahead of a spinoff, the REIT said Monday.

  • September 30, 2024

    Akerman Guides Developer's $165M Fla. Land Purchase

    Akerman LLP advised developer GT USA on the company's $165 million purchase of over 2,300 acres of Lake County, Florida, land, the law firm announced on Monday.

  • September 30, 2024

    DC Circ. Urged To Revisit Retroactive FARA Registration

    The U.S. Department of Justice is pressing the D.C. Circuit to reconsider a ruling that barred the federal government from suing to compel former foreign agents to register their onetime foreign influence efforts, arguing that the precedent behind the ruling wrongly hamstrings the DOJ's ability to enforce the Foreign Agents Registration Act.

  • September 30, 2024

    4 Firms Guide Verizon's $3.3B Wireless Comms Towers Sale

    Verizon has sold 6,339 wireless communications towers to a communications-focused real estate investment trust for $3.3 billion in a deal guided by Jones Day, Greenberg Traurig, Simpson Thacher and Mayer Brown, Verizon announced Monday.

  • September 30, 2024

    NYC Real Estate Week In Review

    A boutique Manhattan real estate firm handled two of the four largest New York City deals that hit public records last week, a slow period that saw only four transactions north of $20 million become public.

  • September 30, 2024

    Adams Asks To Toss Bribery Charge, Citing Top Court Ruling

    New York City Mayor Eric Adams moved swiftly to dismiss the bribery charge from his federal indictment on Monday, arguing that evidence of Turkish officials' gifts to curry favor with him fails to meet a high legal standard laid out by the U.S. Supreme Court.

  • September 27, 2024

    New Orleans Inspector Indicted For Bribing Top City Official

    A New Orleans resident and his home inspection company were indicted in Louisiana federal court Friday on charges that he operated a yearslong scheme of taking bribes to let unlicensed electricians work on hundreds of homes and bribing top city officials to look the other way.

Expert Analysis

  • Boxing Makes Me A Better Lawyer

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    Boxing has influenced my legal work by enabling me to confidently hone the skills I've learned from the sport, like the ability to remain calm under pressure, evaluate an opponent's weaknesses and recognize when to seize an important opportunity, says Kirsten Soto at Clyde & Co.

  • The Often Overlooked NY Foreclosure Notice Requirements

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    As multifamily real estate defaults mount, New York foreclosing parties should be aware of pitfalls and perils that can await the litigant who is not prepared to ensure adherence with tenant notice requirements under the Real Property Actions and Proceedings Law, say Christopher Gorman and John Muldoon at Rosenberg & Estis.

  • A Case Study For Calif. Cities In Water Utility Takeovers

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    With growing water scarcity and drier weather looming, some local governments in California have sought to acquire investor-owned water utilities by eminent domain — but the 2016 case of Claremont v. Golden State Water is a reminder that such municipalization attempts must meet certain statutory requirements, say attorneys at Nossaman.

  • Skiing And Surfing Make Me A Better Lawyer

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    The skills I’ve learned while riding waves in the ocean and slopes in the mountains have translated to my legal career — developing strong mentor relationships, remaining calm in difficult situations, and being prepared and able to move to a backup plan when needed, says Brian Claassen at Knobbe Martens.

  • Lower Courts May Finally Be Getting The Memo After Ciminelli

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    A year after the U.S. Supreme Court again limited prosecutors' overbroad theories of fraud in Ciminelli v. U.S., early returns suggest that the message has at least partially landed with the lower courts, spotlighting lessons for defense counsel moving forward, says Kenneth Notter at MoloLamken.

  • A Framework For Investigating Commercial Loan Fraud

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    As commercial loan transactions are increasingly subject to sophisticated fraud schemes, lenders must adopt dynamic strategies to detect, investigate and mitigate these schemes, say attorneys at Baker Donelson.

  • Glassblowing Makes Me A Better Lawyer

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    I never expected that glassblowing would strongly influence my work as an attorney, but it has taught me the importance of building a solid foundation for your work, learning from others and committing to a lifetime of practice, says Margaret House at Kalijarvi Chuzi.

  • Yellow Corp. Lease Assumption Shows Landlord Protections

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    Yellow Corp.’s recent filing of a motion to assume unexpired leases is a helpful reminder to practitioners to maintain a long-term approach about what is most beneficial for an estate and to not let a debtor's short-term cash position dictate business decisions, says Kyle Arendsen at Squire Patton.

  • How A Bumblebee Got Under Calif. Wildlife Regulator's Bonnet

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    A California bumblebee's listing as an endangered species could lead to a regulatory quagmire as California Department of Fish and Wildlife permits now routinely include survey requirements for the bee, but the regulator has yet to determine what the species needs for conservation, says David Smith at Manatt.

  • The Clock Is Ticking For Fla. Construction Defect Claims

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    Ahead of the fast-approaching July 1 deadline for filing construction defect claims in Florida, Sean Ravenel at Foran Glennon discusses how the state's new statute of repose has changed the timeline, and highlights several related issues that property owners should be aware of.

  • Playing Chess Makes Me A Better Lawyer

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    There are many ways that chess skills translate directly into lawyer skills, but for me, the bigger career lessons go beyond the direct parallels — playing chess has shown me the value of seeing gradual improvement in and focusing deep concentration on a nonwork endeavor, says attorney Steven Fink.

  • Fishing Makes Me A Better Lawyer

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    Atop the list of ways fishing makes me a better lawyer is the relief it offers from the chronic stress of a demanding caseload, but it has also improved my listening skills and patience, and has served as an exceptional setting for building earnest relationships, says Steven DeGeorge​​​​​​​ at Robinson Bradshaw.

  • It's Time To Defuse The Ticking Time Bomb Of US Landfills

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    After recent fires at landfills in Alabama and California sent toxic fumes into surrounding communities, it is clear that existing penalties for landfill mismanagement are insufficient — so policymakers must enact major changes to the way we dispose of solid waste, says Vineet Dubey at Custodio & Dubey.