Commercial
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May 02, 2025
Trump Proposes Massive Cuts To Federal Housing Assistance
The Trump administration outlined $163 billion in cuts to non-defense government spending next year in a Friday memo from the Office of Management and Budget, including significant cuts to federal rental assistance to shift responsibility for the programs to states.
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May 02, 2025
Dickinson Wright Combines With Firm, Opens Seattle Office
Dickinson Wright PLLC announced that it has combined with Seattle-based Ashbaugh Beal LLP and opened a full-service office in the city, now home to 11 attorneys and the firm's first foray into the Northwest.
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May 01, 2025
Claims Against Attys In $2.6B Casino Merger Row Get Tossed
A Manhattan federal judge on Thursday permanently ended claims a real estate investor in a botched $2.6 billion Philippine casino deal brought against attorneys from Sadis & Goldberg LLP, finding that claims that they allowed a fraud to unfold and breached their fiduciary duties were too vague.
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May 01, 2025
Soccer Club Spars Over Evidence As Stadium Trial Looms
An Oklahoma soccer team suing the National Premier Soccer League for breach of contract argued that the trial court should allow evidence showing that it lost revenue after the organization refused to allow access to a local stadium for its home games.
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May 01, 2025
VICI Touts Casino Loan, Despite 'Difficult' Collateral Structure
VICI Properties Inc. agreed to provide up to $510 million for a new casino near Madera, California, noting that even though the tribal ownership structure could complicate an attempt to take collateral in the future, it's confident in the operator tapped to oversee the property.
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May 01, 2025
Ballard Spahr Adds Real Estate Ace From Hunton In DC
Ballard Spahr hired ex-Hunton Andrews Kurth LLP attorney Jill S. Parks as a partner for the firm's real estate department and its teams for real estate development and transactions and zoning and land use in its District of Columbia office, the firm announced May 1.
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May 01, 2025
Masonry Exec Cops To $52M Amtrak Program Bribery Scheme
The owner of an Illinois-based masonry business awarded a federal contract to renovate Philadelphia's historic 30th Street Station admitted Wednesday to bribery charges in a case alleging he had his executives shower gifts on an Amtrak employee who then approved additional work that added $52 million to the project's cost.
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May 01, 2025
Zipcar, Garage Not Liable For Injuries To Driver Returning Car
Massachusetts-based car sharing company Zipcar and the owner of a public parking garage are not liable for injuries suffered by a college student who was struck by a drunken driver while dropping off a car back in 2017, an intermediate appellate court concluded Thursday.
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May 01, 2025
Greenberg Traurig Hires Procopio Litigation Duo In San Diego
Greenberg Traurig LLP announced Wednesday that it has added a member of Procopio Cory Hargreaves & Savitch LLP's management committee and another partner from that firm to its litigation practice in San Diego.
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May 01, 2025
Massumi & Consoli Announces New Real Estate Practice
In a move designed to expand the firm's ability to serve clients in transactional matters, national private equity law boutique Massumi & Consoli announced that it has added a real estate practice, led by two New York-based partners who made the leap from Brown Rudnick LLP.
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May 01, 2025
Real Estate Lawyers On The Move
Winston & Strawn, Honigman and Stephenson Harwood are among the law firms that have made recent real estate or construction hires.
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May 01, 2025
Equinix Sees Q1 Revenue Jump As Tariffs Temper Optimism
Equinix Inc.'s CEO expressed optimism in the data center-focused REIT's first-quarter earnings call, noting its $2.2 billion in revenue, but the executive also urged caution due to tariffs implemented by the U.S. and other countries.
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April 30, 2025
Multifamily, Lodging Push CMBS Delinquencies Higher In April
Commercial mortgage-backed securities tied to multifamily and lodging drove overall delinquency rates in April back up to heights not seen since early in the COVID-19 pandemic, per a Wednesday report from Trepp.
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April 30, 2025
Tribes Join Push For High Court To Review Ariz. Tax On Plant
Arizona misinterpreted federal law and threatened the sovereignty of a Native American tribe with its taxation of a natural-gas-powered plant that sits on a reservation, the tribe told the U.S. Supreme Court in a brief Wednesday.
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April 30, 2025
Winston & Strawn Guides $450M Loan For Miami Stadium Plan
The developers of a $1 billion Miami soccer stadium project under construction have secured a $450 million mortgage from JPMorgan Chase Bank in a transaction advised by Winston & Strawn LLP.
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April 30, 2025
Ripe For Revitalization, Owners Transform Class B Malls
Class B malls are the subject of renewed focus as owners and developers add residential, hotel, medical, entertainment, and food and dining uses to properties in an effort to reverse sinking vacancy rates at the decades-old assets.
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April 30, 2025
Equity Sees Housing Shortage As Shield Against Uncertainty
Equity Residential executives on Wednesday said the rental giant in the first quarter saw record-low levels of resident turnover along with higher year-over-year occupancy, and is expecting a lack of U.S. housing supply to insulate from unfolding economic uncertainty.
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April 30, 2025
KHP Hires Goodwin Procter Partner As New General Counsel
Real estate private equity firm KHP Capital Partners said Wednesday that former Goodwin Procter LLP real estate partner Alex Lewis will become the firm's executive vice president and general counsel.
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April 30, 2025
Texas Panel Backtracks In Nate Paul's Receiver Row
A Texas appellate court revoked its prior ruling and backed a lower court ruling that allowed an attorney acting as a receiver in one suit to take over as counsel in another suit for a company belonging to real estate investor Nate Paul, permanently dismiss its claims and counterclaims, and reach a settlement.
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April 30, 2025
Real Estate Sees Action-Packed First 100 Days Of Trump
The real estate sector — from which President Donald Trump hails — has not been spared an onslaught of significant policy changes as the new administration marks its first 100 days, including tariffs, a federal office slim-down and an effort to curb diverse hiring programs.
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April 30, 2025
Here's What Real Estate Execs Are Saying About Tariffs
Executives across a wide range of real estate industries recently said President Donald Trump's tariffs would result in cost increases — some providing single-digit expected jumps — and some companies have been stockpiling additional imported supplies ahead of anticipated tariffs.
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April 30, 2025
Gov't Properties REIT Tapped To Build Oregon Courthouse
The General Services Administration has selected Easterly Government Properties Inc. to build a new federal courthouse in Oregon and inked a 20-year, noncancelable lease for the site once construction is complete, the real estate investment trust announced.
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April 30, 2025
K&L Gates Hires Ex-White & Case Atty As Partner In Australia
K&L Gates LLP announced it has brought on a former White & Case LLP attorney as a partner for its energy, infrastructure and resources team in its Melbourne, Australia, office.
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April 30, 2025
Has Student Housing's Big Moment Just Begun?
A post-pandemic supply crunch and trends in college enrollment have set the student housing industry up for what might be its strongest decade yet, according to Newmark's top deal broker for the sector.
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April 29, 2025
Life Sciences REIT Says Tariffs Won't Affect Current Projects
An Alexandria Real Estate Equities Inc. executive said during a Tuesday earnings call that tariffs "are not expected to have a material influence" on the yields of the current development and redevelopment projects of the life sciences-focused real estate investment trust.
Expert Analysis
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Navigating FEMA Grant Program For Slope Fixes After Storms
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.
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Smith's New Trump Indictment Is Case Study In Superseding
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.
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Consider Best Legal Practices For Commissioning Public Art
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.
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Applying High Court's Domestic Corruption Rulings To FCPA
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.
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Climate Among Many Factors Driving Up RE Insurance Costs
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.
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Bid Protest Spotlight: Debriefings, Timeliness, Documentation
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.
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A Look At Recent Case Law On Expedited Judgment In NY
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.
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Dealmaker Lessons From CFIUS' New Enforcement Webpage
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.
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Reassessing Lease Provisions To Account For ESG Initiatives
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.
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Avoid Getting Burned By Agencies' Solar Financing Spotlight
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.
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Co-Tenancy Clause Pointers For Shopping Center Landlords
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.
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Assessing Algorithmic Versus Generative AI Pricing Tools
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.
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Navigating A Potpourri Of Possible Transparency Act Pitfalls
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.