Commercial

  • March 30, 2026

    NJ Town Says Mall's Sunday Sales Flatly Violate State Law

    The New Jersey borough of Paramus urged a state court to not toss its suit against the owner of an East Rutherford mall that allegedly violated state laws that ban retailers from selling specific products on Sundays, saying it has standing to sue because the mall owner and the other defendants disobeying the state laws are economically harming the borough.

  • March 30, 2026

    Transamerica Pyramid Sale Now A Done Deal, At Nearly $692M

    The iconic Transamerica Pyramid, San Francisco's second-tallest tower, has changed hands for $691.6 million, a source familiar with the matter told Law360 Real Estate Authority on Monday.

  • March 30, 2026

    VICI Inks $144M Sale-Leaseback In Canadian Casino Co. Buy

    Casino-focused real estate investment trust VICI Properties said it has agreed to pay $144.4 million to buy two casinos and two hotels in a sale-leaseback deal that comes as part of Indigenous-owned Pure Casino Entertainment's acquisition of casino operator Gamehost Inc.

  • March 30, 2026

    Phelps Dunbar Hires Ex-Holland Knight Atty For Tenn. Office

    Phelps Dunbar LLP has hired a former Holland & Knight LLP partner as a real estate partner in its Nashville, Tennessee, office with the aim of "strengthening the firm's ability to close complex deals and drive real estate development in Tennessee's fastest‑growing market," the firm recently announced.

  • March 30, 2026

    Judge Cites 'Game Of Thrones,' Pans Testimony In Rent Case

    A Boston landlord is entitled to unpaid rent for a restaurant near Fenway Park, a state court judge found in a colorful order that cited "Game of Thrones" and largely ignored the testimony of attorneys called as witnesses for each side who sounded like "bunkered belligerents."

  • March 30, 2026

    Brief Backs Maryland Bid To Halt ICE Warehouse Conversion

    A collection of local officials, religious leaders and civil rights groups is urging a federal judge to extend a pause on work to convert a Maryland warehouse into an Immigration and Customs Enforcement detention center that could hold up to 1,500 people a day.

  • March 30, 2026

    Deloitte Must Face Suit Over Philanthropists' Tax Bill

    Deloitte lost its bid to avoid a June trial in a dispute over the accounting firm's handling of a $77 million share repurchase and planned charitable transfer that allegedly led to an unexpected tax bill for Boston-area developers and philanthropists William and Joyce Cummings.

  • March 30, 2026

    Justices Turn Away Case Over SEC Receivership Powers

    The U.S. Supreme Court on Monday rejected a plea by a Dallas real estate developer to hear a challenge to the U.S. Securities and Exchange Commission's ability to seize the assets of alleged fraudsters before a trial can take place.

  • March 27, 2026

    LuxUrban Investors Seek 1st Green Light For $3M Settlement

    Investors in LuxUrban Hotels Inc. seek an initial nod for their $3 million deal to end claims the bankrupt hotel-leasing business mischaracterized its portfolio growth and its financial results, leading to a trading price crash after it was revealed it lied about inking a certain Manhattan lease.

  • March 27, 2026

    Chemical Co. PQ Countersues Tacoma Port In Pollution Case

    The Port of Tacoma's suit wrongfully seeks millions in remediation costs for contamination not associated with chemical company PQ LLC's operations on a Tacoma Tideflats property, the company has said in counterclaims brought against the port.

  • March 27, 2026

    Guests Ask High Court To Review Vegas Hotel Pricing Suit

    Las Vegas hotel guests are asking the U.S. Supreme Court to review a Ninth Circuit ruling that refused to revive their proposed class action accusing casino-hotel operators of using software from Cendyn Group to illegally inflate room rates.

  • March 27, 2026

    Navy Fights Bid To Reopen Wash. Jet Flight Challenge

    The U.S. Navy urged a Washington federal court Friday to reject an environmental group's bid to file a new complaint challenging its amended environmental impact analysis on expanding training flights on Whidbey Island, arguing that it would be "futile."

  • March 27, 2026

    Hospital System Beats Most Of REIT's $50M Floodwall Suit

    A New York federal judge on March 27 mostly tossed a real estate investment trust's $50 million suit against the New York City Health and Hospitals Corp. and the NYC Economic Development Corp. over the design of a proposed floodwall for a downtown Manhattan life sciences campus project.

  • March 27, 2026

    3 Firms Advise On $1.1B Acquisition Between Canadian REITs

    Halifax, Canada-based Clarke Inc. said on March 27 it has agreed to acquire financially struggling Ravelin Properties, another Canadian real estate investment trust, in a deal valuing the combined company at $1.7 billion and advised by Bennett Jones LLP, Voorheis & Co. LLP and Thornton Grout Finnigan LLP.

  • March 27, 2026

    Ex-CEO Sues Former NJ AG Over Tossed RICO Case

    The former CEO of The Michaels Organization, who was indicted in New Jersey's now-dismissed criminal racketeering case against South Jersey power broker George E. Norcross III, has accused former New Jersey Attorney General Matthew J. Platkin and other members of his office of commencing the prosecution knowing there was no probable cause.

  • March 27, 2026

    CrossCountry Wins REIT Bidding Contest With All-Cash Deal

    CrossCountry Mortgage said March 27 it will acquire mortgage servicing-focused real estate investment trust Two Harbors Investment Corp. for $10.80 per share in cash, with Simpson Thacher & Bartlett LLP advising CCM and Jones Day advising Two Harbors.

  • March 27, 2026

    BigLaw Races To Capture Expanding Fund Finance Market

    Debt financing work at the fund level has long been dominated on the lender side by attorneys from Cadwalader Wickersham & Taft LLP, Haynes Boone and Mayer Brown LLP, but other firms are increasingly crafting formal practices and poaching fund finance stars from the more established players.

  • March 26, 2026

    NC Court Denies Collective Bid In Wage Row, For Now

    Employees alleging a property management company stiffed them on overtime wages cannot proceed as a collective for now, a North Carolina federal judge has ruled, finding that the current record is insufficient to determine whether they are similarly situated.

  • March 26, 2026

    Ohio AG Advances Bid For Constitutional Data Center Ban

    Ohio Attorney General Dave Yost has advanced a petition for a constitutional amendment to prohibit the construction of data centers in the state, in one step toward seeing the question listed on the ballot.

  • March 26, 2026

    Exxon Settles Suit Over Cleanup Of Seattle Gas Station Site

    Exxon Mobil Corp. has reached a settlement with a Seattle property owner who sought to hold the company liable for cleanup costs at the site of a former gas station, according to a motion approved Thursday by a Washington federal judge.

  • March 26, 2026

    Fried Frank Advises $1.7B Refi For SL Green Office Tower

    Fried Frank Harris Shriver & Jacobson LLP advised office landlord SL Green Realty Corp. in landing a $1.65 billion refinancing of its One Madison Avenue tower after announcing the property became fully leased in early March.

  • March 26, 2026

    2nd Circ. Reopens Mortgage-Backed Securities ERISA Suit

    The Second Circuit on Thursday revived a federal benefits lawsuit against Wells Fargo and Ocwen accusing the companies of mishandling home loans tied to a union pension fund's investments, overturning a lower court ruling that handed the bank and loan servicing companies a pretrial win in the proposed class action.

  • March 26, 2026

    Shutts & Bowen Must Face DQ Bid In Fla. Real Estate Dispute

    A Florida state appeals court on Wednesday revived a bid to disqualify Shutts & Bowen LLP from representing a member of a real estate business in a dispute with his fellow owners, saying a trial court improperly barred certain testimony before rejecting the disqualification motion.

  • March 26, 2026

    Mich. Justices Revive Firm's Tax Cap Fight Over New Roof

    The Michigan Supreme Court revived a law firm's claims that a new roof for its office building wasn't an addition that allowed the property's taxable value increase to exceed a 5% cap, remanding the case for further examination of the firm's constitutional arguments.

  • March 26, 2026

    Outgoing Realty Income CLO Earned $3.8M In 2025

    Realty Income Corp's chief legal officer saw her compensation total $3.88 million in 2025, which will mark her final full year at the firm after the real estate investment trust announced its search for a new CLO earlier in March.

Expert Analysis

  • 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.

  • Corporate Liability Issues To Watch In High Court TM Case

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    The U.S. Supreme Court will hear arguments in a trademark dispute between Dewberry Group and Dewberry Engineers next week, presenting an opportunity for the court to drastically alter the fundamental approach to piercing the corporate veil, or adopt a more limited approach and preserve existing norms, say attorneys at Bracewell.

  • Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream

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    As shown by ongoing legal battles involving New York City Mayor Eric Adams and Sean “Diddy” Combs, it’s challenging for defendants to obtain relief when they believe the government leaked sensitive information to the media, but defense counsel can take certain steps to mitigate the harm, says Kenneth Notter at MoloLamken.

  • A Legal Perspective On NYC's Retail Real Estate Evolution

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    As New York City's retail market begins to show signs of resilience after the challenges of recent years, landlords must be cognizant of legal implications from shifting trends toward shorter-term leases and pop-up stores, says Andrea Gendel at Pryor Cashman.

  • What Interest Rate Cuts Mean For Housing Markets

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    The Federal Reserve's recent reduction of interest rates may provide limited immediate relief for real estate sectors, but offers potential opportunities for commercial real estate investors and construction firms, which now face an environment ripe for new projects, say attorneys at Cozen O'Connor.

  • How CFIUS' Updated Framework Affects Global Investors

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    The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.

  • Foreclosing Lenders Still Floating In Murky Legal Waters In NY

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    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.

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

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    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.

  • Calif. Ruling Offers Hope For Mitigated Negative Declarations

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    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

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    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

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    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.

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

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    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.

  • Navigating FEMA Grant Program For Slope Fixes After Storms

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    In the aftermath of Hurricanes Helene and Milton, it is critical for governments, businesses and individuals to understand the legal requirements of the Federal Emergency Management Agency's grant programs to obtain funding for crucial repairs — including restoration of damaged infrastructure caused by landslides and slope failures, says Charles Schexnaildre at Baker Donelson.