Commercial

  • February 04, 2025

    Watchdog Says Site Selection For New FBI Building Flawed

    A U.S. General Services Administration watchdog found that the GSA's contentious process for determining the site for a new FBI headquarters involved several flaws that made it difficult for site selection officials to accurately decide between proposed locations.

  • February 04, 2025

    Sonesta Plans $850M Hotel-Condo Tower In Miami

    Sonesta International Hotels Corp. has entered into an agreement with a group of Florida developers to build an 82-story tower to house The James Hotel & Residences Downtown Miami, according to the hospitality chain.

  • February 04, 2025

    Fed. Circ. Says Gov't Properly Ended USCIS Lease After Flood

    The Federal Circuit ruled Tuesday that the federal government reasonably terminated a lease for a U.S. Citizenship and Immigration Services field office because of water damage, saying the lease allowed the government to determine when the office was untenantable.

  • February 04, 2025

    Wash. Gov. Orders Look At Data Centers' Tax Revenue Impact

    Washington's governor issued an executive order directing the state's Department of Revenue to create a work group to examine the impact of data centers on the state's tax revenue and economy and recommend policies to address tax revenue needs in relation to other priorities.

  • February 04, 2025

    Healthcare REIT Closes $159M Life Sciences Campus Sale

    Diversified Healthcare Trust sold off a three-building life sciences campus in San Diego for $159 million as the healthcare-focused REIT looks to pay down debt.

  • February 04, 2025

    Honigman Builds Up RE Team With Miles & Stockbridge Atty

    Honigman LLP hired a former Miles & Stockbridge PC environmental and energy principal for its real estate services practice group, marking the firm's fourth addition to its Washington, D.C., office in recent months.

  • February 04, 2025

    Jones Foster Adds Former RE Development Co. Leader In Fla.

    Florida law firm Jones Foster announced Monday that it added a former president and CEO of a real estate development company to its land use and governmental practice group in West Palm Beach.

  • February 04, 2025

    NY Assembly Bill Seeks Tax Exemption For Radio Signal Gear

    New York would establish a property tax exemption for equipment used for the transmission or switching of radio signals to provide commercial mobile radio service or mobile internet access service under a bill introduced in the state Assembly.

  • February 04, 2025

    Real Estate Lawyers On The Move

    Morgan Lewis, Holland & Hart and Bryan Cave are among the law firms that have made recent real estate or construction hires.

  • February 03, 2025

    Ruling Boosts Claims In Ill. Tribal Casino Row, 7th Circ. Told

    A proposed tribal casino in the Illinois city of Waukegan has told the Seventh Circuit that a recent Illinois Supreme Court ruling in a related case shows the city is responsible for a constitutional injury against the casino as it presses a case claiming intentional discrimination.

  • February 03, 2025

    Climate Group Says Insurance Hikes Threaten Housing Market

    The U.S. housing market could sustain a $1.4 trillion loss in value over the next 30 years as insurance costs surge and consumer demand shifts due to climate change, according to a report Monday from climate analytics company First Street.

  • February 03, 2025

    DOJ's LA Fitness ADA Suit May Be 'Inadequate,' Judge Says

    A California federal judge expressed doubts Monday about the U.S. Department of Justice's lawsuit alleging that LA Fitness failed to accommodate patrons with disabilities and said the court so far finds the pleadings to be "inadequate" in arguing there is a "pattern and practice" of discrimination.

  • February 03, 2025

    Conn. City Wants Cannabis Facility Zoning Challenge Axed

    The city of Stamford, Connecticut, on Monday asked a state trial court judge to dismiss a citizen lawsuit challenging its zoning board's approval of a cannabis dispensary on the city's eastern municipal line, arguing the group and its members lack standing to sue for four reasons.

  • February 03, 2025

    McGuireWoods Nabs Chicago CRE Partner From Ice Miller

    McGuireWoods LLP announced Monday that the firm has added a commercial real estate lawyer from Ice Miller LLP, adding that the lateral partner hire has been tapped to lead the firm's real estate initiatives in Chicago and across the Midwest. 

  • February 03, 2025

    Ill. Bill Seeks Tax Break For Megaproject Building Materials

    Illinois would provide an exemption from any state or local use tax or retailers occupation tax for building materials incorporated into real estate at what are known as megaproject sites as part of a bill filed in the state House of Representatives.

  • February 03, 2025

    Sotomayor Clears Path For Retrial In Landmark Graft Case

    U.S. Supreme Court Justice Sonia Sotomayor lifted a temporary pause Monday on a public corruption case that resulted in a landmark 2023 decision eliminating the right-to-control theory of fraud, clearing the way for a retrial on a traditional theory of property fraud.

  • February 03, 2025

    NYC Mayor Unveils Office Relocation Incentive Plan

    Mayor Eric Adams debuted a plan on Monday to bolster New York City's still-faltering office market, including programs to incentivize relocations by out-of-state companies and incentives for property owners who upgrade outdated office space.

  • February 03, 2025

    NYC Real Estate Week In Review

    Cole Schotz and Lazar Grunsfeld are among the law firms that guided the largest New York City real estate deals that became public last week, a period that saw several Manhattan residential unit trades hit records.

  • February 03, 2025

    Relief In Tribal Casino Fight Would Be Uncommon, Court Told

    An Oregon tribe at the center of a dispute over the federal government's decision to approve a land-into-trust application for the state's first off-reservation casino says any attempt to void the process is moot, telling a federal court that an unfavorable ruling in the case would be unprecedented.

  • February 03, 2025

    Cushman Worker Can Sue For Late Payments, NY Judge Says

    A former Cushman & Wakefield employee can proceed with claims that the real estate services firm flouted New York's pay deadlines, a federal judge ruled, saying the worker has the right to pursue those allegations under state law.

  • February 03, 2025

    Heitman Caps $806M Real Estate Debt Fund

    Investment management firm Heitman said Monday it has closed its latest real estate debt fund at $806 million, beating its fundraising target, and plans to capitalize on a growing demand for financing.

  • February 03, 2025

    Studio Used By Apple, Pop Stars Says Noise Forced Move

    A Boston music and sound production company whose clients have included Apple, NBC Universal, Disney and pop group New Kids on the Block says its former landlord should cover the cost of lost business and moving to a quieter location after construction noise disrupted dozens of sessions.

  • February 03, 2025

    Hyatt Extends Talks About Possible Playa Hotels Buy

    Playa Hotels & Resorts NV and Hyatt Hotels Corp. announced Monday that the two companies are still in talks about a potential acquisition, noting that the duo have extended an exclusivity agreement to Feb. 10.

  • January 31, 2025

    9th Circ. Affirms Mormon Church's Win In Tithing Fraud Case

    The Ninth Circuit on Friday affirmed the dismissal of a lawsuit against the Church of Jesus Christ of Latter-day Saints from a wealthy and prominent former member who claimed the church fraudulently used members' tithes to fund commercial projects — with one judge arguing the case should have been tossed on church autonomy grounds only.

  • January 31, 2025

    LA Fire Claims Tracker Reports More Than $4.2B In Payments

    More than $4.2 billion in claims has been paid in connection with the devastating Eaton and Pacific Palisades fires in Los Angeles County that erupted in early January, according to data from a California Department of Insurance tracker.

Expert Analysis

  • 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.

  • LA Wildfires' Effect On Calif. Insurer Of Last Resort

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    Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.

  • Public Corruption Enforcement In 2024 Has Clues For 2025

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    If 2024 activity is any indication, the U.S. Supreme Court will likely continue to rein in expansive prosecutorial theories of fraud in the year to come, but it’s harder to predict what the new administration will mean for public corruption prosecutions in 2025, says Cathy Fleming at Offit Kurman.

  • Small Biz Caught In Corporate Transparency Act Crossfire

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    Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.

  • What's Ahead As Transparency Act Comes To A Crossroads

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    Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.

  • Timeline Considerations For Boston's New RE Review Process

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    Boston's newly reimagined large real estate project review process, featuring early community engagement, holds impacts for project timelines that land use counsel must account for when guiding developers through approvals, says David Linhart at Goulston & Storrs.

  • The Story Of 2024's Biggest Bank Regs, And Their Fate In 2025

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    U.S. federal bank regulators were very active in 2024 with initiatives ranging from antitrust and capital to proposals regarding controlling shareholders and incentive-based compensation, but many regulations face an uncertain future under the new administration, say attorneys at Latham.

  • 2024 IPO Market Trends, And What To Expect Next Year

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    The initial public offering market returned to historically typical levels on a deal count basis in 2024 but continued to lag based on proceeds raised due to a larger number of smaller IPOs this year, and signs point to continued ongoing momentum in the next year, say attorneys at Paul Hastings.

  • Adapting Force Majeure To A Predictably Unpredictable World

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    As the climate and political landscapes get more complicated, force majeure provisions will likely be triggered increasingly often, demanding an evolving understanding of when events and their impacts are truly unforeseeable, say attorneys at Nossaman.

  • Impact Of Corporate Transparency Act Ambiguity On Banks

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    Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.

  • Green Projects Face States' Foreign Land Ownership Limits

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    As states impose restrictions and disclosure requirements around foreign investment in agricultural land — in some cases piggybacking on existing federal rules — renewable energy developers and investors must pay close attention to how the rules vary, says Daniel Fanning at Husch Blackwell.

  • How Landlords Can Navigate Cannabis-Related Leases

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    As the cannabis industry continues to rapidly grow, landlords should consider a variety of lease terms and operational details that may help mitigate uncertainty involving federal laws, zoning restrictions and tax implications, says Kyla Baker at Holland & Knight.

  • Lights, Camera, Real Estate: Preparing For Film Facility M&A

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    As the entertainment industry struggles to recover from multiple strikes and a decline in production, certain aspects of selling or acquiring production facilities may become important to consider, as these assets are valued very differently from typical commercial real estate properties, say attorneys at Olshan Frome.