Commercial

  • July 19, 2024

    12 Firms Guiding IPO Quartet Projected To Exceed $5B

    Twelve law firms are on tap to guide four initial public offerings scheduled for the week of July 22 that could exceed $5 billion combined, led by potentially the year's largest IPO from cold-storage warehouse giant Lineage Inc.

  • July 18, 2024

    Atty Says Golf Malpractice Row Already Ran Its Course

    An attorney seeking summary judgment in a legal malpractice suit told a New York federal judge that, five years and three courts later, the owners of the Foothills Club West Golf Court have still failed to produce evidence to support their allegations.

  • July 18, 2024

    Japanese Medical Device Co. To Build $398M NC Campus

    Japanese medical device company Nipro Medical Corp. will build a $397.8 million campus in Greenville, North Carolina, according to an announcement from the state's governor.

  • July 18, 2024

    Rexford Leader Notes Demand Uptick Amid Tariff Concerns

    Importers of goods from Asia are showing increased interest in setting up manufacturing sites in Southern California, amid the uncertainty of additional tariffs should Donald Trump win the presidency in November, a Rexford Industrial executive said during the real estate investment trust's quarterly earnings call Thursday.

  • July 18, 2024

    SL Green Sees Office Leasing Growth Migrate In Manhattan

    SL Green executives said Thursday that after months of Park Avenue leading the charge in office leasing activity, other Manhattan submarkets have taken the lead during a quarter in which the real estate investment trust reported 1.2 million square feet of leasing activity.

  • July 18, 2024

    New IRS Easement Settlements Put Tax Pros In A Pickle

    The IRS' new settlement program for partnerships that participated in conservation easements that haven't yet ended up in court comes with terms far sweeter than past offers, making it difficult for practitioners to advise clients to take the deal or wait for a better one.

  • July 18, 2024

    Las Vegas Developer Says SEC's EB-5 Fraud Suit Falls Short

    A Las Vegas developer urged a Nevada federal judge to toss securities regulators' allegations she misappropriated $10 million raised by overseas investors hoping to come to the U.S. to pay down a loan for a project unconnected to their applications, arguing Wednesday the regulators fail to allege a wrongful state of mind.

  • July 18, 2024

    NY Courts Limit Access To Ethics Data, Violating Own Rules

    After a decade of widespread noncompliance with income and gift reporting rules, the New York court system's Ethics Commission has refused to publicly release all judges' annual financial disclosures, which safeguard against conflicts of interest, corruption and ethics lapses.

  • July 18, 2024

    Blackstone Sees AI Revolution But 'Muted' RE Fundraising

    Blackstone Inc., the world's largest commercial real estate owner, underscored its focus on data centers as the need for digital infrastructure increases, even as it contends with lower commitments from investors that are still skittish about real estate.

  • July 18, 2024

    Mo. Commission Upholds Shopping Area's $5 Million Value

    A Missouri shopping center was properly valued at $5.1 million, the state Tax Commission ruled, finding that the property owner failed to prove the value should be lowered. 

  • July 18, 2024

    X's NYC Office Settles Ex-Janitors' Back Pay Suit

    A group of unionized janitors who used to work in the New York City offices of social media company X have settled a suit alleging the company failed to comply with a city law requiring it to keep the janitors on for 90 days after terminating their contract.

  • July 17, 2024

    Top Florida Real Estate News In 2024 So Far

    Catch up on the hottest real estate news out of Florida so far this year, from alleged zoning abuse and bankruptcy to a brewing condo crisis and a seven-figure highway expansion. 

  • July 17, 2024

    Pa. Justices OK Zoning Decision To Allow Suburban Hospital

    A zoning officer for a Pittsburgh suburb was within state law to issue a "use permit" that would allow the University of Pittsburgh Medical Center to build near a rival network's existing hospital, even if that permit punted on making sure the plan conformed with other zoning rules, the state Supreme Court ruled Wednesday.

  • July 17, 2024

    Gallagher & Kennedy Welcomes CRE, Telecom Expert

    Gallagher & Kennedy PA announced that the company has added a commercial real estate and telecommunications expert from Goehring Rutter & Boehm to the firm's real estate practice group.

  • July 17, 2024

    Mo. Tax Commission Affirms Hotels' Combined $37.6M Value

    A Missouri county correctly valued three hotels at a combined $37.6 million, the state tax commission said, affirming a hearing officer's finding that an appraiser for the hotels included pandemic-related deductions that undermined the credibility of the appraisals.

  • July 17, 2024

    SL Green, Wharton Buy $101M Former Signature Loan

    SL Green Realty Corp. and billionaire Jeff Sutton's Wharton Properties have bought a $101 million note secured by a Wharton retail building from Blackstone Group — debt a receiver for Signature Bank sold off in December.

  • July 17, 2024

    Fried Frank Guides Blackstone HQ Expansion In Manhattan

    Blackstone will expand its Midtown Manhattan office headquarters and extend its lease in an agreement guided by Fried Frank, the building's property manager announced Wednesday.

  • July 17, 2024

    Tech Hub Looks To Capitalize On S. Fla.'s Climate Expertise

    When the U.S. Economic Development Administration launched its Tech Hubs program across the country in October, South Florida's climate- and resilience-focused entry was one of 31 selected from more than 200 applications, and it made the cut again earlier this month, receiving $19.5 million when an initial funding round of $504 million was awarded to 12 of those hubs.

  • July 17, 2024

    U. Miami Climate Leader Sees Chance For Innovation

    With Miami often called the "ground zero" of the climate change crisis, the University of Miami in 2022 launched a Climate Resilience Academy to coordinate an interdisciplinary response. Nearly a year into his tenure, its leader reflects on the opportunity for midsize city innovation in infrastructure in the face of climate challenges.

  • July 17, 2024

    Wars, Interest Rates, Election Prompt Caution For Prologis

    Prologis executives expressed caution Wednesday about "highly volatile" conditions affecting the current market, including uncertainties over the presidential election, while highlighting tight supply as a boon for the industrial giant.

  • July 17, 2024

    Md. Justices Say Amazon Insurer Can Pursue Subrogation

    An insurer for Amazon can continue to pursue subrogation against subcontractors for a Baltimore warehouse construction project, the Maryland Supreme Court unanimously ruled, after the insurer said it covered Amazon for over $50 million worth of damage caused by severe weather.

  • July 17, 2024

    Fried Frank Advises Host's $265M Buy Of NYC Starwood Hotel

    Starwood Capital Group has sold a Midtown Manhattan hotel to an affiliate of real estate investment trust Host Hotels for $265 million, in a transaction advised by Fried Frank Harris Shriver & Jacobson LLP.

  • July 17, 2024

    Barings Lends $244M To Refinance Kansas Logistics Park

    Real estate investment manager Barings said Wednesday that it has provided a $244 million loan to refinance a portfolio of 10 warehouse and distribution facilities owned by a joint venture of Ares Management Real Estate and Kansas City, Missouri-based NorthPoint Development.

  • July 17, 2024

    Ohio Board Lowers Value Of Kohl's Property By $800K

    The Ohio Board of Tax Appeals lowered the appraised value of a Kohl's property Wednesday by roughly $822,000, saying a county appraiser wrongly concluded that the property's highest and best use would be for use by a national company.

  • July 17, 2024

    PE Firms Plug $300M Into Digital Infrastructure Developer

    Digital infrastructure site developer Cloverleaf Infrastructure on Wednesday announced that it has received more than $300 million in commitments from private equity shops NGP, advised by Willkie Farr & Gallagher LLP, and Kirkland & Ellis LLP-led Sandbrook Capital.

Expert Analysis

  • Weisselberg's Perjury At Trial Spotlights Atty Ethics Issues

    Author Photo

    Former Trump Organization executive Allen Weisselberg’s recent guilty plea for perjury in the New York attorney general's civil fraud trial should serve as a reminder to attorneys of their ethical duties when they know a client has lied or plans to lie in court, and the potential penalties for not fulfilling those obligations, say Hilary Gerzhoy and Julienne Pasichow at HWG.

  • Climate Disclosure Mandates Demand A Big-Picture Approach

    Author Photo

    As carbon emissions disclosure requirements from the European Union, California and the U.S. Securities and Exchange Commission take effect, the best practice for companies is not targeted compliance with a given reporting regime, but rather a comprehensive approach to systems assessment and management, says David Smith at Manatt.

  • Playing Hockey Makes Me A Better Lawyer

    Author Photo

    Nearly a lifetime of playing hockey taught me the importance of avoiding burnout in all aspects of life, and the game ultimately ended up providing me with the balance I needed to maintain success in my legal career, says John Riccione at Taft.

  • Trump's NY Civil Fraud Trial Spotlights Long-Criticized Law

    Author Photo

    A New York court’s recent decision holding former President Donald Trump liable for fraud brought old criticisms of the state law used against him back into the limelight — including its strikingly broad scope and its major departures from the traditional elements of common law fraud, say Mark Kelley and Lois Ahn at MoloLamken.

  • $175M Bond Refiled By Trump Is Still Substantively Flawed

    Author Photo

    The corrected $175 million bond posted by former President Donald Trump on Thursday to stave off enforcement of the New York attorney general's fraud judgment against him remains substantively and procedurally flawed, as well as inadequately secured, says Adam Pollock of Pollock Cohen.

  • Calif. Ruling Shows Limits Of Exculpatory Lease Clauses

    Author Photo

    A California court's recent decision in Epochal Enterprises v. LF Encinitas Properties, finding a landlord liable for failing to disclose the presence of asbestos on the subject property, underscores the limits of exculpatory clauses' ability to safeguard landlords from liability where known hazards are present, say Fawaz Bham and Javier De Luna at Hunton.

  • Serving As A Sheriff's Deputy Made Me A Better Lawyer

    Author Photo

    Skills developed during my work as a reserve deputy — where there was a need to always be prepared, decisive and articulate — transferred to my practice as an intellectual property litigator, and my experience taught me that clients often appreciate and relate to the desire to participate in extracurricular activities, says Michael Friedland at Friedland Cianfrani.

  • Payment Provision Lessons From NJ Construction Ruling

    Author Photo

    A New Jersey appellate court's decision in Bil-Jim v. Wyncrest, holding that an American Institute of Architects contract was not an installment contract, highlights both the complexities of statute of limitations calculations and the significant consequences that can arise from minor differences in contract language, say Mitchell Taraschi and Zac Brower at Connell Foley.

  • Spray Painting Makes Me A Better Lawyer

    Author Photo

    My experiences as an abstract spray paint artist have made me a better litigator, demonstrating — in more ways than one — how fluidity and flexibility are necessary parts of a successful legal practice, says Erick Sandlin at Bracewell.

  • A Legal Playbook For Stadium Construction Agreements

    Author Photo

    As a new wave of construction in the professional sports arena space gets underway, owners must carefully consider the unique considerations and risks associated with these large-scale projects and draft agreements accordingly, say attorneys at Akerman.

  • Document Retention Best Practices To Lower Litigation Risks

    Author Photo

    As new technologies emerge and terabytes of data can be within the purview of a single discovery request, businesses small and large should take four document management steps to effectively minimize risks of litigation and discovery sanctions long before litigation ensues, says Kimbrilee Weber at Norris McLaughlin.

  • Riding My Peloton Bike Makes Me A Better Lawyer

    Author Photo

    Using the Peloton platform for cycling, running, rowing and more taught me that fostering a mind-body connection will not only benefit you physically and emotionally, but also inspire stamina, focus, discipline and empathy in your legal career, says Christopher Ward at Polsinelli.

  • The Challenges SEC's Climate Disclosure Rule May Face

    Author Photo

    Attorneys at Debevoise examine potential legal challenges to the U.S. Securities and Exchange Commission's new climate-related disclosure rule — against which nine suits have already been filed — including arguments under the Administrative Procedure Act, the major questions doctrine, the First Amendment and the nondelegation doctrine.