Commercial

  • November 25, 2024

    Justices Won't Review Mich. Gun Range Ban

    The U.S. Supreme Court on Monday rejected a proposed gun range's challenge to a Michigan town's zoning denial, denying its petition over Second Amendment protections for firearm training.

  • November 22, 2024

    Trump Taps Hedge Fund Billionaire Bessent To Head Treasury

    President-elect Donald Trump on Friday announced that he's selected Scott Bessent, a billionaire hedge fund manager and the founder of Key Square Group, to serve as secretary of the Treasury in his upcoming administration.

  • November 22, 2024

    NJ Hospital Must Give Up More Info In Exemption Fight

    A New Jersey hospital seeking a property tax exemption for unused floors in its building must produce more documentation to show the extent to which it tried to sell or lease that space, the state Tax Court said.

  • November 22, 2024

    Trustee To Take Over Ch. 11 Of NY Bar Assoc. Building Owner

    A New Jersey bankruptcy judge on Friday sided with a lender of the insolvent owner of the historic New York County Lawyers Association Building in Manhattan, ordering that a Chapter 11 trustee take over the property owner's bankruptcy cases.

  • November 22, 2024

    Big Lots Can Close On $760M Asset Sale, Judge Says

    A Delaware bankruptcy judge Friday approved the $760 million sale of bankrupt discount retail chain Big Lots to a private equity group and told creditors they were out of time to challenge the company's Chapter 11 financing.

  • November 22, 2024

    Property Plays: Fannie Mae, Extell, Knott Development

    Property Plays is a weekly roundup of the latest loans, leases, sales and projects around the country. Send your tips — all confidential — to realestate@law360.com.

  • November 21, 2024

    Ill. High Court Won't Shield Sun-Times In Trump Tax Case

    The Illinois Supreme Court ruled Thursday that the Chicago Sun-Times can't use an anti-SLAPP law to duck a defamation suit over the paper's coverage of an investigation into a $1 million property tax reduction granted to Trump Tower during the president-elect's first term.

  • November 21, 2024

    Weed Co. Must Pay $5M To Entrepeneur In Investor Dispute

    A marijuana consulting firm must pay $5 million to a former business partner after allegedly derailing plans to purchase a marijuana grow facility in Michigan by convincing the main investors to put their money into a Colorado weed business instead.

  • November 21, 2024

    Concerns Remain Over Pricing In Final Calif. Insurance Rule

    Insurers in California will be able to price policies using catastrophe models meant to predict future climate risks, but they must adhere to one of several options for increasing coverage availability, under a final rule that has left lingering concerns. Here, Law360 provides a background and overview of the regulation on catastrophe modeling and ratemaking.

  • November 21, 2024

    NYC Watchdog Calls Stadiums Bad Bet In Willets Point Report

    New York City's Independent Budget Office said Thursday that stadiums have proved a poor use of tax dollars in the first tally of expenses since Mayor Eric Adams announced a project to bring a soccer stadium, hotel and affordable housing to the city's Willets Point district in Queens.

  • November 21, 2024

    Hype For Energy Tax Perks Could Shield Regs From Repeal

    President-elect Donald Trump and Republican lawmakers could turn to an oversight tool called the Congressional Review Act to undermine clean energy tax credit regulations implementing key parts of Democrats' signature climate law, but the strategy may falter due to GOP support for the incentives.

  • November 21, 2024

    Ga. Attys' Easement Fraud Class Suit Shipped To State Court

    A Georgia federal judge kicked back to state court a proposed class action accusing conservation easement fund organizers of racketeering and defrauding investors, saying the organizers failed to prove that the proposed class had at least 100 investors or that the case hinged on federal law.

  • November 21, 2024

    Experts Cool On 'Chill' Defense In NJ RICO Case

    Former prosecutors and academics are doubtful two of New Jersey's most politically connected attorneys can convince a judge that the racketeering case against them will have a chilling effect on lawyering, given that prosecutors only have to show they knew the end game of the notorious Democratic power broker they're accused of helping.

  • November 21, 2024

    La. Parishes Can't Change Property Values After Court Rulings

    Louisiana parish assessors lack the authority to unilaterally change a property's assessment if they become aware of an error in the assessment after a local board or the state Tax Commission sets the property's value, the state attorney general's office said.

  • November 21, 2024

    PierFerd Adds Fla. Transactions Partner From Taylor English

    Pierson Ferdinand LLP just got a bit larger with the addition of a partner in Miami from Taylor English Duma LLP, bringing expertise in real estate, banking and financial services that is expected to bolster the firm's ongoing growth.

  • November 20, 2024

    Suit Alleges Fraud In Scuttled Deal Over Calif. Pot Grow

    A California company is looking to claw back a $250,000 down payment to purchase a cannabis entity's cultivation operation, claiming a grower and others involved in the failed deal conspired to take the money, according to a lawsuit filed in California state court.

  • November 20, 2024

    RE Firm Savanna Closes $255M Manhattan Office Building Buy

    Savanna has purchased a distressed 12-story, 176,588-square-foot Manhattan office building for a "deeply discounted" $255 million price tag, the real estate investment firm announced on Wednesday.

  • November 20, 2024

    3 Firms Guide $425M Loan For Ariz. Sports Complex Project

    CTL Capital LLC loaned $425 million to Knott Development for its Tucson, Arizona, sports complex project, with the deal receiving guidance from Thompson Hine LLP, Goulston & Storrs LLP and Snell & Wilmer LLP.

  • November 20, 2024

    NJ Power Broker, Attys Demand Wiretap Docs In RICO Case

    George E. Norcross III, a politically influential insurance executive in New Jersey, and others accused alongside him of a massive racketeering scheme demanded Wednesday that state prosecutors turn over complete wiretap application information dating back to 2016, arguing that those details form the core of the state's case against them.

  • November 20, 2024

    Extell To Tear Down Madison Ave. Office For Mixed-Use Tower

    Extell Development plans to demolish an office building on Manhattan's Madison Avenue and erect a mixed-use tower with apartments on the site, according to New York City records filed this week.

  • November 20, 2024

    MVP: Latham's Michelle Kelban

    Michelle Kelban, co-chair of Latham & Watkins LLP's real estate group, helmed a $2 billion construction financing for Cain International and guided Ares Management's blockbuster purchase of GCP International, earning her a spot as one of the 2024 Law360 Real Estate MVPs.

  • November 19, 2024

    Calif. Hotel Wants To Stay Open Through Another Ch. 11

    A California judge on Tuesday asked bankrupt San Jose hotel owner SC SJ Holdings for more information about who owns the cash management account that the debtor wants to use to keep operating during its second run through Chapter 11.

  • November 19, 2024

    Ohio Board OKs Income Approach In Two Theater Valuations

    Two Ohio movie theaters should be valued using the income approach to valuation applied by a county appraiser, the state tax board said in separate rulings involving two counties.

  • November 19, 2024

    PierFerd Adds FisherBroyles RE Partner To DC Shop

    Pierson Ferdinand LLP has added a FisherBroyles LLP partner who works with real estate financing and transactional matters to its Washington, D.C., team, the firm announced Tuesday.

  • November 19, 2024

    Fried Frank Guides REIT's Ongoing Brooklyn Retail Expansion

    Empire State Realty Trust closed on the purchases of two properties in the Williamsburg neighborhood of Brooklyn, New York — the latest in the company's spate of retail acquisitions in that area — in a deal guided by Fried Frank Harris Shriver & Jacobson LLP.

Expert Analysis

  • Circus Arts Make Me A Better Lawyer

    Author Photo

    Performing circus arts has strengthened my ability to be more thoughtful, confident and grounded, all of which has enhanced my legal practice and allowed me to serve clients in a more meaningful way, says Bailey McGowan at Stinson.

  • Foreclosing Lenders Still Floating In Murky Legal Waters In NY

    Author Photo

    The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.

  • Being A Navy Reservist Makes Me A Better Lawyer

    Author Photo

    Serving this country in uniform has not only been one of the greatest honors of my life, but it has also provided me with opportunities to broaden my legal acumen and interpersonal skills in ways that have indelibly contributed to my civilian practice, says Phillip Smith at Weinberg Wheeler.

  • Notable Q3 Updates In Insurance Class Actions

    Author Photo

    Total loss valuation cases and labor depreciation cases dominated the past quarter of insurance class actions, with courts continuing to reject challenges to condition adjustments in the former, and a pro-insured trend persisting in the latter, say attorneys at BakerHostetler.

  • Playing Ultimate Makes Us Better Lawyers

    Author Photo

    In addition to being fun, ultimate Frisbee has improved our legal careers by emphasizing the importance of professionalism, teamwork, perseverance, enthusiasm and vulnerability, say Arunabha Bhoumik and Adam Bernstein at Regeneron. 

  • NYC Hotel Licensing Law's Costs May Outweigh Its Benefits

    Author Photo

    A hotel licensing bill recently approved by New York's City Council could lead to the loss of many nonunionized hotels that cannot afford to comply, says Stuart Saft at Holland & Knight.

  • Being An Artist Makes Me A Better Lawyer

    Author Photo

    My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.

  • Calif. Ruling Offers Hope For Mitigated Negative Declarations

    Author Photo

    In Upland Community First v. City of Upland, a California appeals court upheld a warehouse development's mitigated negative declaration over its greenhouse gas emissions thresholds — a rare victory against this type of challenge providing reassurance that such declarations can be upheld, say attorneys at Sheppard Mullin.

  • There's No Crying In Property Valuation Baseball Arbitration

    Author Photo

    The World Series is the perfect time to consider how the form of arbitration used for settling MLB salary disputes — in which each side offers competing valuations to an arbitrator, who must select one — is often ideal for resolving property valuation disputes, say Sean O’Donnell at Herrick Feinstein and Mark Dunec at FTI Consulting.

  • Webuild Ruling Complicates Arb. Award Enforcement In US

    Author Photo

    A Delaware federal court's recent decision in Sociedad Concesionaria Metropolitana de Salud v. Webuild, if read literally, could undercut the United States' image as a proarbitration jurisdiction by complicating creditors' efforts to enforce awards against property in this country, says Jeff Newton at Omni Bridgeway.

  • Beekeeping Makes Me A Better Lawyer

    Author Photo

    The practice of patent law and beekeeping are not typically associated, but taking care of honeybees has enriched my legal practice by highlighting the importance of hands-on experience, continuous learning, mentorship and more, says David Longo at Oblon McClelland.

  • How To Avoid A Costly CPA Limitation Hidden In Most Leases

    Author Photo

    The lease audit rights clause is a seemingly innocuous provision in most commercial real estate leases that ends up costing tenants millions of dollars each year, as they have unwittingly agreed to retain only an accountant to investigate and settle financial issues, says Jason Aster at KBA Lease Services.

  • Home Canning Makes Me A Better Lawyer

    Author Photo

    Making my own pickles and jams requires seeing a process through from start to finish, as does representing clients from the start of a dispute at the Patent Trial and Appeal Board through any appeals to the Federal Circuit, says attorney Kevin McNish.