Commercial

  • May 19, 2025

    Paramount REIT Taps GC, Hires Latham For 'Strategic Review'

    The Paramount Group commercial real estate investment trust announced Monday it had retained Latham & Watkins as its legal adviser as it started a strategic review following a shakeup that saw the company name a new general counsel and chief financial officer.

  • May 19, 2025

    Kirkland Hires Former TPG Counsel As PE Real Estate Partner

    Kirkland & Ellis LLP said that private equity real estate attorney Yaman Shukairy has rejoined the firm as a partner after serving as general counsel for the private equity firm TPG Real Estate Partners for nearly a decade.

  • May 19, 2025

    Latham, A&O Shearman Guide $3B AI Manufacturing Deal

    Latham & Watkins LLP and Allen Overy Shearman Sterling advised AMD on a $3 billion deal to sell its ZT Systems data center infrastructure manufacturing business to U.S.-based Sanmina in an agreement to expand domestic production for AMD's artificial intelligence offerings.

  • May 19, 2025

    Boston Trophy Office Nabs $650M Refi Of Construction Loan

    The owners of a 1-million-square-foot Boston office building at One Congress secured a $650 million refinancing of the trophy building completed in 2023, borrower-side broker JLL Capital Markets said on Monday.

  • May 19, 2025

    Weil Hires Kirkland Real Estate Atty In New York

    Weil Gotshal & Manges LLP announced Monday that a former Kirkland & Ellis LLP real estate partner has joined the firm's New York office.

  • May 19, 2025

    Kirkland Guides Blackstone's $11.5B Deal For TXNM Energy

    Blackstone Infrastructure has agreed to acquire regulated utility holding company TXNM Energy in an all-cash transaction valued at $11.5 billion, including net debt and preferred stock, TXNM said in a Monday announcement.

  • May 16, 2025

    Co. Looks To Dodge $5M Award From Laotian Casino Deal

    The government of Laos, as it attempts to enforce some $5 million in arbitral awards related to a failed casino venture, still has not proven that the case should be decided in U.S. federal court in the Northern Mariana Islands, one of the companies owing the money said Friday.

  • May 16, 2025

    Fla. Rep. Stands By Condo Termination Proposals At Event

    A Florida state representative on Thursday defended her recent effort to revise state law on condominium terminations that Gov. Ron DeSantis had attacked as favoring developers, saying she still thinks changes are needed to protect existing unit owners' property rights.

  • May 16, 2025

    Food Co. Says Partner Owes $5M In Back Rent On Warehouse

    A dietary supplement maker sued its partner on a lease for a Denver-area warehouse, claiming the other company failed to make a single payment after they agreed to split the 10-year lease in 2021.

  • May 16, 2025

    Full Pa. Court OKs Panel's Nix Of Tax On Real Estate Transfer

    A panel of Pennsylvania appellate judges properly ruled that a state board wrongfully imposed a real estate transfer tax on the transfer of a partnership interest in a real estate company from one trust to another, the court ruled en banc. 

  • May 16, 2025

    PHP Ups Takeover Offer For Assura To £1.7B

    Real estate investment manager Primary Health Properties PLC on Friday announced an increased proposal to acquire property manager Assura in a cash and stock deal valued at approximately £1.7 billion ($2.25 billion).

  • May 16, 2025

    Frost Brown Adds NY Litigator From Grant Herrmann

    Frost Brown Todd LLP added a litigator from Grant Herrmann Schwartz & Klinger LLP to the firm's business and commercial litigation practice, as it expands from its stronghold in the Midwest.

  • May 16, 2025

    Massachusetts Board Won't Lower Greenhouse Tax Value

    The owner of a Boston property with a greenhouse failed to show evidence that it was overvalued, the state Appellate Tax Board said in an opinion released Friday, rejecting the owner's comparable-assessment analysis and other arguments.

  • May 16, 2025

    Latham Guides Shopping Center REIT's $400M Notes Offering

    Latham & Watkins LLP announced that it represented shopping center real estate investment trust Regency Centers Corp. on a $400 million notes offering that recently closed.

  • May 16, 2025

    RV Camp Part-Owner Wins Battle In Ongoing Ownership Fight

    The North Carolina Business Court ruled that the part-owner of an RV and cabin campsite did not actually transfer her interest in the individual units at that camp to a development company she helped create before her relationship with that firm and her business partners soured.

  • May 15, 2025

    Vistra To Expand Gas Power Plant Portfolio With $1.9B Buy

    Power generation company Vistra Corp., advised by Latham & Watkins and Cleary Gottlieb Steen & Hamilton, announced Thursday it agreed to buy seven natural gas power plants for $1.9 billion from Lotus Infrastructure Partners, which is being advised in the deal by King & Spalding and Eversheds Sutherland.

  • May 15, 2025

    Ga. Atty Gets 16 Months For Role In $1.3B Tax Shelter Scheme

    A Georgia attorney has been sentenced to 16 months in federal prison and slammed with an $8 million bill after pleading guilty to helping orchestrate a $1.3 billion tax scheme involving fraudulent conservation easements.

  • May 15, 2025

    Investor Makes Deal With PE Fund In Fla. Suit Alleging Fraud

    A Texas accountant has lodged a federal complaint alleging a Florida-based CEO of a private equity fund and two executives refused to return $1 million of his life savings after buying securities that produced virtually no income, although the parties on Thursday struck a tentative deal to have the lawsuit tossed.

  • May 15, 2025

    Troutman Adds K&L Gates CMBS Partner In NC

    Troutman Pepper Locke LLP announced it has hired Christopher J. Fernandez from K&L Gates LLP as a partner in its bankruptcy and restructuring practice group in Charlotte, North Carolina.

  • May 15, 2025

    Greenberg Traurig, Loeb Guiding $1.7B Acuren, NV5 Deal

    Acuren Corp. said Thursday it will acquire NV5 Global Inc. in a cash-and-stock deal worth about $1.7 billion, combining two companies that serve key roles in infrastructure and industrial markets.

  • May 15, 2025

    The Resorts Companies Adds GC From Holiday Inn Arm

    The Resorts Companies Inc. announced that the firm has appointed as its general counsel John Alvarez, who comes to the hospitality company from Holiday Inn Club Vacations.

  • May 15, 2025

    NJ Toxic Spill Rule May Hamper Property Sales, Panelists Say

    A New Jersey Department of Environmental Protection regulation expected to take effect this summer could slow property sales and lead to increased litigation as attorneys and real estate investors grapple with stricter requirements for reporting toxic spills, experts speaking Thursday at the State Bar Association's annual meeting in Atlantic City said.

  • May 15, 2025

    Florida's Haber Law Taps Duo To Lead Construction Practice

    Florida law firm Haber Law has selected a pair of longtime construction law attorneys to lead its practice group in that field, bringing a mix of perspectives in representing owners and community associations as well as contractors and other industry professionals.

  • May 15, 2025

    Minn. Justices Affirm $9M Medical Building Tax Valuation

    A Minnesota medical building was correctly valued by the state tax court, the state Supreme Court said Wednesday, affirming a decision that boosted the building's original valuation by more than $1 million.

  • May 15, 2025

    Buchalter Names Sports Agent As Sacramento Office Co-Lead

    Buchalter PC has named Josh Escovedo, co-chair of its sports law industry group, as co-managing shareholder of the firm's Sacramento, California, office.

Expert Analysis

  • 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.

  • 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.

  • Navigating FEMA Grant Program For Slope Fixes After Storms

    Author Photo

    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.

  • Smith's New Trump Indictment Is Case Study In Superseding

    Author Photo

    Special counsel Jack Smith’s recently revised Jan. 6 charges against former President Donald Trump provide lessons for prosecutors on how to effectively draft superseding indictments in order to buttress or streamline their case, as necessary, says Jessica Roth at Cardozo Law School.

  • Consider Best Legal Practices For Commissioning Public Art

    Author Photo

    Commissioning public art for real estate projects can provide many benefits to real estate developers and the public, but it's important to understand the unique legal and contracting aspects of the process to ensure that projects are completed on time and on budget, says Sarah Conley Odenkirk at ArtConverge.

  • Applying High Court's Domestic Corruption Rulings To FCPA

    Author Photo

    After the U.S. Supreme Court narrowed the domestic corruption statutes in three decisions over the past year and a half, it’s worth evaluating whether these rulings may have an impact on Foreign Corrupt Practices Act enforcement, and if attorneys can use the court’s reasoning in international bribery cases, says James Koukios at MoFo.

  • Climate Among Many Factors Driving Up RE Insurance Costs

    Author Photo

    A proactive approach to risk management may determine the viability of the U.S. commercial real estate sector as weather crises and other factors drive insurance costs higher, says Ulrick Matsunaga at Crosbie Gliner.

  • Bid Protest Spotlight: Debriefings, Timeliness, Documentation

    Author Photo

    ​James Tucker at MoFo examines three recent decisions from the Federal Circuit, the U.S. Government Accountability Office and the U.S. Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests.

  • A Look At Recent Case Law On Expedited Judgment In NY

    Author Photo

    A number of recent New York state court decisions clarify and refine the contours surrounding Civil Practice Law and Rule 3213, providing landlords, lenders and other payees guidance on how to seek accelerated judgment in certain litigation, says Alexander Lycoyannis at Holland & Knight.

  • Dealmaker Lessons From CFIUS' New Enforcement Webpage

    Author Photo

    The Committee on Foreign Investment in the United States’ recently launched webpage, which details the actions — and inactions — that led to enforcement activity, provides important insights for dealmakers about filing requirements, mitigation commitments and the cost of noncompliance, say attorneys at Dechert.

  • Reassessing Lease Provisions To Account For ESG Initiatives

    Author Photo

    As companies seek to build ESG considerations into their businesses, it's crucial to understand how such initiatives can quickly become significant enough to compel reassessment of lease agreement provisions, and how best to modify leases accordingly, say Julian Freeman and Gabe Pitassi at Cox Castle.

  • Avoid Getting Burned By Agencies' Solar Financing Spotlight

    Author Photo

    Recently coordinated reports and advisories from the U.S. Department of the Treasury, the Consumer Financial Protection Bureau and the Federal Trade Commission maximize the spotlight on the consumer solar financing market and highlight pitfalls for lenders to avoid in this burgeoning field, says Mercedes Tunstall at Cadwalader.

  • Co-Tenancy Clause Pointers For Shopping Center Landlords

    Author Photo

    Large retail tenants often require co-tenancy provisions in their leases, entitling them to remedies if a shopping center's occupancy drops in certain ways, but landlords must draft these provisions carefully to avoid giving tenants too much control, says Gary Glick at Cox Castle.