Commercial
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August 27, 2025
Attys Navigate Tangle Of Transit-Oriented Zoning In Miami
The Miami City Commission's recent approval of a new category of transit-oriented zoning has added another layer to a rapidly changing, increasingly complex web of regulations and incentives that real estate attorneys must consider when guiding development projects in the city.
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August 27, 2025
CUNY Signs $40M Deal To Buy Manhattan College Campus
New York City public university system the City University of New York has agreed to pay $40 million for the Downtown Manhattan campus of the private Metropolitan College of New York, according to an official MCNY voluntary filing.
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August 27, 2025
Contractors Looking To AI To Navigate Construction Tariffs
Construction contractors are increasingly leveraging the power of artificial intelligence and technology to navigate the headwinds and uncertainty that have come with President Donald Trump's trade war, a technology executive recently told Law360 Real Estate Authority.
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August 27, 2025
Faegre Drinker Says Investor Can't Call Biz Loss Malpractice
Faegre Drinker Biddle & Reath LLP told a New Jersey state court this week that a malpractice suit it faces from a real estate investor is nothing more than an attempt by the investor to shift responsibility for a failed investment.
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August 27, 2025
Jones Day Continues Real Estate Growth With McDermott Atty
Jones Day announced the latest addition to its real estate practice on Wednesday, welcoming a New York-based attorney from McDermott Will & Schulte LLP.
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August 27, 2025
Jailed Pastor Cites Adams Dismissal In Bid To Beat Charges
A clergyman serving a nine-year sentence for fraud cited his ties to New York City Mayor Eric Adams on Wednesday in a bid to have his conviction overturned in the wake of the Trump administration's dismissal of the charges against Adams.
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August 27, 2025
Simpson Thacher Closes Co.'s Texas Logistics Properties Buy
Stonepeak acquired two Fort Worth, Texas, logistics assets that take up 748,000 square feet in a deal guided by Simpson Thacher & Bartlett LLP, the alternative investment firm announced.
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August 27, 2025
Atty Eyes Chilling Effect From Texas Foreign Ownership Law
In the latest effort by states to deter foreign control of real estate, Texas has introduced a sweeping prohibition, effective Sept. 1, against certain countries owning real property in the state. Polsinelli shareholder Weston B. Rockers explains how deals could be structured going forward — and how the law may scramble existing transactions.
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August 26, 2025
Expedia Says 11th Circ. Ruling Dooms Helms-Burton Verdict
Expedia, Orbitz and Hotels.com tried to undo a $29.85 million verdict over Helms-Burton Act violations Tuesday, telling a Florida federal judge the plaintiff, who claims his family owned a Cuban barrier island before its seizure by Fidel Castro's government, does not meet the Eleventh Circuit's recently set standard.
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August 26, 2025
Kirkland Guides REIT's $285M Seattle Office Tower Refi
Hudson Pacific Properties Inc., guided by Kirkland & Ellis LLP, obtained a five-year, interest-only $285 million loan in a Wells Fargo-led deal to refinance a loan secured by the real estate investment trust's 668,000-square-foot office tower in Seattle's Denny Triangle neighborhood.
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August 26, 2025
White & Case Guides Hotel REIT's $480M Company Sale
Braemar Hotels & Resorts Inc., guided by White & Case LLP, wants to sell itself for at least $480 million, the luxury hotels- and resorts-focused real estate investment trust announced Tuesday.
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August 26, 2025
Feds Look To Dismiss Calif. Tribe's $700M Casino Dispute
The U.S. Department of the Interior, with the backing of two tribes and the California Gaming Association, is looking to dismiss a lawsuit over its decision to temporarily nix eligibility for a proposed $700 million casino and hotel project, arguing it doesn't constitute a final agency action under the Administrative Procedure Act.
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August 26, 2025
Ohio House Bills Seek To End Or Limit Property Taxes
Three bills introduced in the Ohio House of Representatives would eliminate property taxes by 2030, allow voters to introduce ballot initiatives to lower property taxes and increase the approval threshold for passage of certain property taxes.
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August 26, 2025
Tax Credit Dispute Sparks $1.3M Lawsuit Against Jersey City
A prominent Garden State developer filed a lawsuit against New Jersey's second-largest city, claiming the city improperly reversed its position on a longstanding tax agreement — demanding nearly $1.3 million in back payments that the developer says it does not owe.
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August 26, 2025
NYC Real Estate Week In Review
Fried Frank, Davis Polk and Seyfarth guided a Manhattan real estate deal north of $1 billion, the first 10-figure New York City deed that's hit records this year and one of three large trades that became public last week.
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August 26, 2025
Calif. Senate OKs New Tax Default Property Sales Rules
California county boards of supervisors would be required to take new steps before approving the sale of a tax-defaulted property under a bill passed by the state Senate.
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August 26, 2025
Medical Cannabis REIT Seeks Escape From Shareholders' Suit
A cannabis-focused real estate investment trust and its executives told a Maryland federal court to permanently dismiss a proposed securities class action, arguing that most of the "core" accusations about them misleading shareholders "are speculative or factually unsupported."
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August 26, 2025
Dick's Sporting Goods Gets $2.4B Foot Locker Deal Cleared
Dick's Sporting Goods Inc. said Tuesday that the waiting period has expired for its planned $2.4 billion purchase of Foot Locker, after it had previously given the Federal Trade Commission additional time to review the deal.
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August 26, 2025
Fried Frank Guides NYC Office-To-Hotel Conversion Bid
An affiliate of Kensico Properties filed an application with the Department of City Planning to convert a New York City office building into a 30-story hotel, guided by Fried Frank Harris Shriver & Jacobson LLP.
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August 26, 2025
Buchalter Adds Ex-Carlton Fields Attys To LA Office
Buchalter has hired two former Carlton Fields attorneys as shareholders for its corporate team in Los Angeles, and one of the announced hires is returning to the firm after almost 30 years.
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August 25, 2025
Rite Aid, Lease Buyer Hit Back At Landlord's Sale Objection
Bankrupt drugstore chain Rite Aid and the discount clothing retailer Ross Dress For Less are pushing back against a landlord who objected to the debtor's sale of 18 store leases to Ross, saying the planned sale is in Rite Aid's best interest.
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August 25, 2025
Alaska Looks To Reopen Tribal Gaming Lease Dispute
Alaska is asking a D.C. federal court to reopen a dispute that rejected an Indigenous tribe's bid to secure the right to open a bingo hall, alleging that the tribe is now claiming governmental powers over the land and treating it as Indian Country under the Indian Gaming Regulatory Act.
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August 25, 2025
Atlanta-Area Hotels Failed To Stop Sex Trafficking, Suit Says
A group of Atlanta-area hotel owners and operators, including Ritz-Carlton Buckhead, were sued in Georgia federal court by a woman who alleged that they did nothing to prevent her from being trafficked for sex as a minor even at their properties though the signs were blatant.
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August 25, 2025
Ex-TSA Attorney Among 3 New Lawyers At Kaplan Kirsch
A former Transportation Security Administration attorney is among three lawyers who recently joined Kaplan Kirsch LLP, a Denver-based law firm that specializes in representing state, local and tribal government agencies on projects such as airport expansions and new rail lines.
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August 25, 2025
Vornado To Buy NYC Office Tower, Scraps Residential Plan
Vornado Realty Trust will pay $218 million to acquire and redevelop a 36-story office condominium into a new office property, canceling the seller's previous plan to convert the property into a residential building, the real estate investment trust announced Monday.
Expert Analysis
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Keys To Navigating The Post-Pandemic CRE Market
Excerpt from Practical Guidance
As the commercial real estate market continues to face repercussions from the COVID-19 pandemic, lawyers should use office occupancy and leasing volume numbers to anticipate future trends and help guide clients through an uncertain landscape, says Joseph Calvanico at J2C Valuations.
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How Rate Exportation Is Shifting Amid Regulatory Trends
All banks and their partners, including fintechs, that wish to lend to borrowers in multiple states and charge uniform interest rates should heed regulatory developments across the country and determine how best to mitigate risks in their efforts to offer credit to consumers on a nationwide basis, say attorneys at Ballard Spahr.
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How The Commercial Real Estate Slump May Weigh On Banks
The continuing underperformance of the U.S. commercial real estate market has significant implications for the financial performance and disclosure requirements for various banks, especially regional ones with large debt exposures, say Atanu Saha and Yong Xu at StoneTurn.
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Negotiating Material Escalation In Construction Contracts
As material price escalation clauses have remained popular in construction contracts despite an easing of recent supply chain issues, attorneys representing owners should understand key considerations for negotiating such clauses, and strategies to mitigate potential exploitation by contractors, says H. Arthur Black II at Brooks Pierce.
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Landlords Should Prep As WeWork Faces Potential Ch. 11
After years of financial trouble and the recent announcement that it has substantial doubt that it would be able to continue as a going concern, WeWork may have a bankruptcy filing in its future that would have a significant impact on landlords and other stakeholders who are owed money by the company, say attorneys at Cadwalader.
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Key Drivers Behind Widespread Adoption Of NAV Financing
While net asset value-based lending has existed for years, NAV lending has only started to move into the mainstream recently — likely due to difficult market conditions faced by sponsors including persistent inflation, high interest rates and a lack of exit opportunities, say Matthew Kerfoot and Jinyoung Joo at Proskauer.
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Conn. Ruling Highlights Keys To Certificate-Of-Need Appeals
The Connecticut Supreme Court's recent decision in High Watch Recovery Center v. Department of Public Health, rejecting rigid application of statutes concerning certificate-of-need procedure, provides important guidance on building an administrative record to support a finding that a case is contested, say attorneys at Robinson & Cole.
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Pickleball Makes Waves In Fla. Real Estate, With Risks In Play
Pickleball's burgeoning popularity in Florida is catalyzing a transformation in the state's commercial real estate market, but investors must take steps to navigate legal challenges related to noise, insurance and community dynamics, says Emmanuelle Litvinov at DarrowEverett.
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4 Business-Building Strategies For Introvert Attorneys
Excerpt from Practical Guidance
Introverted lawyers can build client bases to rival their extroverted peers’ by adapting time-tested strategies for business development that can work for any personality — such as claiming a niche, networking for maximum impact, drawing on existing contacts and more, says Ronald Levine at Herrick Feinstein.
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What Calif. Pot Permit Ruling Means For Enviro Compliance
While a California appeals court's recent decision in Lucas v. City of Pomona affirms the city's use of a statutory exemption for its commercial cannabis overlay permit program, the ruling does not mean that all applicants seeking similar approvals are exempted from state environmental compliance obligations, say Whitney Hodges and Barbara Machado at Sheppard Mullin.
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Rare Reg A+ Fines Reflect New Era Of SEC Enforcement
The U.S. Securities and Exchange Commission's recent announcement of civil penalties against 10 microcap companies for violations of Regulation A+ shows that as the SEC continues to expand its enforcement efforts, its focus remains on protecting investors of all sizes — including those investing in the historically less-scrutinized Reg A+ issuers, say attorneys at Crowell & Moring.
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Factors To Consider When Structuring Data Center Contracts
Data center leases and service agreements grant very similar rights and impose similar obligations, but they also hold notable differences and a range of factors that are important to consider when selecting which form of agreement to use, say attorneys at Mayer Brown.
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Rethinking Mich. Slip-And-Fall Defense After Top Court Ruling
The Michigan Supreme Court recently overturned three decades of premises liability jurisprudence by ruling that the open and obvious danger defense is no longer part of a traditional duty analysis, posing the question of whether landowners will ever again win on a motion for summary dismissal, say John Stiglich and Meriam Choulagh at Wilson Elser.