Commercial

  • October 01, 2025

    Grand Sierra Resort Starts $1B Redevelopment Project

    Grand Sierra Resort kicked off the first phase of its $1 billion redevelopment project by starting construction on a $435 million, 300,000-square-foot basketball arena that will seat 10,000, the Reno, Nevada, casino resort announced Wednesday.

  • October 01, 2025

    Hospitals Turn To Real Estate To Shore Up Finances

    Hospital systems are increasingly turning to their real estate to raise money after years of rising inflation and lagging reimbursement rates, although state regulators have placed more scrutiny on such transactions.

  • October 01, 2025

    Industrial REIT Sells Vacant Warehouse Sites For $175M

    LXP Industrial Trust announced that it has sold two vacant warehouse and distribution assets for an aggregate $175 million, in a deal guided by Eiseman Levine Lehrhaupt & Kakoyiannis PC.

  • October 01, 2025

    How Real Estate Attorneys Are Tapping Into Tech

    Between the arrival of artificial intelligence in the mainstream and real estate companies' embrace of technology and data over the past few years, real estate attorneys have been confronted by a need to keep up, while also being presented with an array of new tools to enhance their work.

  • October 01, 2025

    Saul Ewing Real Estate Chair Seeing An Uptick In Deal Flow

    Despite lingering questions about tariffs and interest rates, real estate companies are starting to do more deals, with the hope that interest rates will continue to fall, Saul Ewing's real estate chair recently told Law360.

  • October 01, 2025

    Smith Hill, Bain Lend $216M For NYC Grand Central Hotel Refi

    Smith Hill Capital and Bain Capital have completed a $216 million refinancing for the Westin New York Grand Central hotel in midtown Manhattan, according to a Wednesday announcement.

  • October 01, 2025

    Mandelbaum Barrett Expands, Adding Partner In Bayonne, NJ

    Mandelbaum Barrett PC is expanding into Hudson County, New Jersey, with the hire of a real estate expert with nearly 30 years of experience in Bayonne, the firm announced Wednesday.

  • October 01, 2025

    Orrick, Davis Polk Lead Flood Insurer Neptune's $368M IPO

    Neptune Insurance Holdings Inc., guided by Orrick Herrington & Sutcliffe LLP, has priced a $368 million initial public offering with a Morgan Stanley-led group of underwriters guided by Davis Polk & Wardwell LLP.

  • October 01, 2025

    Haynes Boone Leads AI Campus REIT's Upsized $683M IPO

    Fermi, a real estate investment trust co-founded by former U.S. Energy Secretary Rick Perry, hit a $14.8 billion valuation Wednesday in an initial public offering for the venture that aims to build power generation and data center capacity to support artificial intelligence on a Texas site, in a deal advised by Haynes Boone and Vinson & Elkins LLP.

  • October 01, 2025

    Real Estate Lawyers On The Move

    Hogan Lovells and Dorsey & Whitney are among the law firms that have made recent real estate or construction hires.

  • October 01, 2025

    3 Firms Guide Rocket Merger To Close With $14.2B Valuation

    Online mortgage giant Rocket has finished its all-stock purchase of rival Mr. Cooper Group with help from Paul Weiss, Wachtell and Bradley Arant, noting Wednesday the now-$14.2 billion deal has a higher price tag because stock values have risen since the merger's announcement.

  • October 01, 2025

    Greenberg Traurig-Led Ikea Buys SoHo Nike Store For $213M

    Greenberg Traurig LLP guided Wharton Properties on the $213 million sale of a New York City commercial property, home to Nike's SoHo store, to an Ikea affiliate, per county property records.

  • September 30, 2025

    9th Circ. Asked To Rethink Las Vegas Hotel Pricing Ruling

    A proposed class of Las Vegas casino-hotel guests told the Ninth Circuit in a rehearing en banc petition that the entire court must reconsider its prior ruling for their antitrust claims, which alleged that hotel operators and two hospitality software companies conspired to hike up hotel room prices.

  • September 30, 2025

    2 Firms Guide Post Road Group's Sale Of $2B Digital Platform

    Post Road Group announced Tuesday that the alternative investment manager plans to sell its $2 billion digital infrastructure platform to Future Standard, a deal guided by Cravath Swaine & Moore LLP and Kirkland & Ellis LLP.

  • September 30, 2025

    Judge Casts Doubt On RICO Claim Against Real Estate Mogul

    A federal judge on Tuesday said he was inclined to grant real estate mogul Tony Azar and his associates a pretrial win on an investor's racketeering claim, but he was reluctant to agree with their argument that the rest of the allegations are time-barred.

  • September 30, 2025

    OakPoint, Cross Ocean Acquire Texas Office Campus

    Real estate investment firm OakPoint Real Estate and global asset management platform Cross Ocean Partners acquired a two-building, 324,342-square-foot office campus in Austin, Texas, the companies announced.

  • September 30, 2025

    Real Estate Mogul Invited To Settle Fraud, Wage Suit For $40M

    A Chapter 7 trustee and a minority shareholder have offered to drop a sprawling lawsuit against a New York and Connecticut real estate mogul and other company leaders in exchange for $40 million, less than two months after convincing a judge to tie up $51.2 million of the defendants' assets as the contract, fraud and wage case moves forward.

  • September 30, 2025

    Del. Justices Won't Revive Gellert Seitz Malpractice Case

    The Delaware Supreme Court on Tuesday rejected a homebuilder's bid to revive its legal malpractice suit against Gellert Seitz Busenkell & Brown LLC over damages the builder said it suffered due to the firm's negligence in loan restructuring disputes with a bank.

  • September 30, 2025

    MLB Team Owner's $8B Queens Casino Bid Moves Forward

    An $8 billion Queens casino project backed by Steven A. Cohen, the billionaire owner of Major League Baseball's New York Mets, was unanimously approved on Tuesday by a six-member local committee, moving it to a state regulatory board for consideration.

  • September 30, 2025

    NJ Law Firm Defeats Suit Over Boardwalk Pier Investment

    A New Jersey law firm won summary judgment in federal court over malpractice claims by a couple suing over a failed investment in an Atlantic City boardwalk project.

  • September 30, 2025

    NJ County Says State Police Allowed Mall To Sell On Sundays

    Bergen County, New Jersey, is arguing that the New Jersey State Police have ignored illegal retail sales on Sundays at the American Dream mall in East Rutherford despite maintaining a headquarters at the site, in a response to a local government's lawsuit over the practice.

  • September 30, 2025

    IRS Defines Rural Areas For Opportunity Zone Tax Breaks

    The Internal Revenue Service published the definitions Tuesday for rural areas that qualify for the federal opportunity zone program's rural zone expansion under the Republican budget bill signed into law this summer.

  • September 30, 2025

    Fla. Earmarks Miami-Dade Parcel For Trump Library

    Florida Gov. Ron DeSantis and his Cabinet voted Tuesday to earmark a 2.63-acre parking lot in downtown Miami as the site of the future Donald J. Trump Presidential Library.

  • September 29, 2025

    Kazakh Money Laundering Retrial Against Felix Sater Begins

    A Manhattan federal jury heard opening statements Monday in a civil money laundering retrial against financier Felix Sater, whom plaintiffs branded as a thief who enriched himself as he helped hide millions of dollars looted from a Kazakh bank 20 years ago.

  • September 29, 2025

    NJ Panel Rejects Suit Over Deadly Warehouse Fire

    A New Jersey appellate court on Monday backed the dismissal of a proposed class action that was filed over a deadly December 2021 fire in a Hoboken commercial warehouse that killed two people.

Expert Analysis

  • Bid Protest Spotlight: Debriefings, Timeliness, Documentation

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    ​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

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    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

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    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

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    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

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    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

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    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.

  • Assessing Algorithmic Versus Generative AI Pricing Tools

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    A comparison of traditional algorithmic pricing models and those powered by generative artificial intelligence can help regulators and practitioners weigh the pros and cons of relying on large language models to price products or services, say Maxime Cohen at McGill University, and Tim Spittle and Jimmy Royer at Analysis Group.

  • Navigating A Potpourri Of Possible Transparency Act Pitfalls

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    Despite the Financial Crimes Enforcement Network's continued release of guidance for complying with the Corporate Transparency Act, its interpretation remains in flux, making it important for companies to understand potentially problematic areas of ambiguity in the practical application of the law, say attorneys at Sidley.

  • Keys To Successful Commercial Property Insurance Claims

    Excerpt from Practical Guidance
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    While insurance needs for commercial leasing arrangements are driven by the characteristics of the premises and the nature of the tenants' intended operations, there are several universal best practices landlords and their counsel can follow when making claims after loss or damage.

  • Tips For Handling Single Asset Real Estate Bankruptcy Cases

    Excerpt from Practical Guidance
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    Bankruptcy counsel should consider several strategies when representing either a debtor or lender in single asset real estate debtor Chapter 11 cases, which generally arise when a debtor is forced to file for relief to stop an impending foreclosure sale.

  • Increased Scrutiny Raises Int'l Real Estate Transaction Risks

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    Recently proposed regulations expanding the Committee on Foreign Investment in the United States' oversight, a White House divestment order and state-level legislative efforts signal increasing scrutiny of real estate transactions that may trigger national security concerns, say Luciano Racco and Aleksis Fernández Caballero at Foley Hoag.

  • Portland's Gross Receipts Tax Oversteps City's Authority

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    Recent measures by Portland, Oregon, that expand the voter-approved scope of the Clean Energy Surcharge on certain retail sales eviscerate the common meaning of the word "retail" and exceed the city's chartered authority to levy tax, say Nikki Dobay at Greenberg Traurig and Jeff Newgard at Peak Policy.

  • Proposed Law Would Harm NYC Hospitality Industry

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    A recently proposed New York City Law that would update hotel licensing and staff coverage requirements could give the city commissioner and unions undue control over the city's hospitality industry, and harm smaller hotels that cannot afford full-time employees, says Stuart Saft at Holland & Knight.