Commercial

  • May 20, 2025

    Berkshire Hathaway RE Affiliate GC To Lead Pacific Sotheby's

    Pacific Sotheby's International Realty, a luxury brokerage firm in the Southern California market, has found its new president in the former general counsel for San Diego-based Berkshire Hathaway HomeServices California Properties.

  • May 20, 2025

    Greenberg Traurig, Gibson Dunn Guide $865M Ariz. Hotel Sale

    Ryman Hospitality Properties Inc. has purchased a Marriott-branded Phoenix resort from Trinity Investments for $865 million in a deal guided by Gibson Dunn and Greenberg Traurig, per statements from the buyer and seller.

  • May 19, 2025

    Real Estate CEO Gets 87 Months For $63M Crowdfund Fraud

    The former CEO of a real estate investment firm who copped to ripping off investors in a crowdfunded $63 million development scheme was hit with a seven-plus-year prison sentence Monday from a Georgia federal judge who said the financier's "addiction to optimism" had been his ruin.

  • May 19, 2025

    Justices Punt On Tribe Leader's Extortion Immunity Claim

    The U.S. Supreme Court on Monday rejected a petition from the former head of a Native American tribe who argued that the First Circuit was wrong to reinstate his convictions tied to the development of a casino project after it concluded that federal extortion law applies to tribal leaders.

  • May 19, 2025

    Gencom JV Lands $300M Blackstone Refi On Miami Hotel

    Hospitality and real estate investment firm Gencom said Monday that it formed a joint venture with developer Fortune International Group before taking out $300 million in refinancing from Blackstone that will help fund a renovation of the Ritz-Carlton Key Biscayne in Miami.

  • May 19, 2025

    Irish Developer Inks $1.9M Deal With Ex Amid Conn. Ch. 7

    The Chapter 7 trustee for Irish real estate developer Sean Dunne has agreed to settle for $1.9 million prepetition bankruptcy claims by Jennifer Coyle, a woman who said she was Dunne's first wife, capping what was originally a €3.6 million ($4.1 million) series of claims.

  • May 19, 2025

    NY AG Blasts Ski Resort Owner's Antitrust Fixes

    The New York Attorney General's Office has told a state court that alternative fixes being offered by a ski resort owner found to have violated antitrust law by buying and closing a competitor would "entrench the very monopoly" the court found illegal.

  • May 19, 2025

    Fried Frank, Kriss & Feuerstein Guide $720M Conversion Loan

    Fried Frank Harris Shriver & Jacobson LLP and Kriss & Feuerstein LLP guided Madison Realty Capital's $720 million loan to a joint venture behind the residential conversion of Pfizer's former Manhattan headquarters.

  • May 19, 2025

    La. Museum's Hotel Exempt From Property Tax, Board Says

    A Louisiana hotel operated by the nonprofit National World War II museum is exempt from property taxes because most of its revenue is dedicated to the museum's charitable purpose, the state Board of Tax Appeals said.

  • May 19, 2025

    Polsinelli Lands Latham Real Estate Pro In Los Angeles

    In response to growing client demand, Polsinelli PC has added a former Latham & Watkins LLP partner with decades of experience to its real estate practice in Los Angeles, the firm announced Monday.

  • 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 Monday 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

    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.

Expert Analysis

  • 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.

  • 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.