Commercial
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May 13, 2025
K&L Gates Adds Ex-Taylor Wessing Atty In London
K&L Gates LLP announced Tuesday that it has hired a former Taylor Wessing LLP attorney as a partner on its finance team in London.
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May 13, 2025
Drugmaker Roche, Affiliate Plan $1.3B Spend In NC, Ind.
Biotechnology company Genentech will spend $700 million to build a new weight loss drug manufacturing plant near Raleigh, North Carolina, while parent company Roche Group announced a separate $550 million facility in Indianapolis following a commitment last month to pour billions into U.S. manufacturing
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May 13, 2025
BCLP Adds 4 Atty Litigation Team From Lewis Brisbois
Bryan Cave Leighton Paisner LLP announced that the firm has hired a four-member litigation team from Lewis Brisbois Bisgaard & Smith LLP, who will join the firm's class action and mass torts practice group.
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May 12, 2025
Dentons Hires Veteran Real Estate Partner In NYC
Dentons has hired a veteran real estate attorney, who has represented clients such as developers and property owners in real estate projects for more than a decade, for a partner role in one of its New York offices, the firm announced Monday.
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May 12, 2025
9th Circ. Questions Vegas Casino Room Rate Claims
A skeptical Ninth Circuit panel had questions Monday for guests accusing Las Vegas casino-hotel operators of using the same software to inflate room rates about what they need to show for their algorithmic pricing claims to survive.
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May 12, 2025
Kraft Heinz, IPS Head to Trial Over $12.5M Project Dispute
Neither Kraft Heinz Co. nor contractor Industrial Power Systems Inc. can avoid continuing toward a trial in their dispute over cost and time overruns on a $12.5 million project to upgrade an Ohio production facility, after a federal judge denied both sides' motions for summary judgment Monday.
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May 12, 2025
Calif. Tribe Can't Halt Decision On $700M Casino, Feds Say
The U.S. Department of the Interior has urged a D.C. federal court to reject a California tribe's bid to temporarily block the department's decision to rescind gambling eligibility for a $700 million casino project.
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May 12, 2025
Real Estate Attorney On Going In-House And Back Again
For a real estate attorney, Nick Buehner has had an unconventional career path, from flipping houses with his father in high school to landing an in-house role at a prominent developer, where he worked, briefly, on a dazzling Austin skyscraper that now houses Google.
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May 12, 2025
Will Justices Finally Rein In Universal Injunctions?
The U.S. Supreme Court is expected to address for the first time Thursday the propriety of universal injunctions, a tool federal judges have increasingly used to broadly halt presidential orders and policy initiatives, and whose validity has haunted the high court's merits and emergency dockets for more than a decade.
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May 12, 2025
Akin Adds Ex-Mayer Brown Real Estate Funds, M&A Partners
Former Mayer Brown LLP partners Wendy Dodson Gallegos and Jason Wagenmaker have moved to Akin Gump Strauss Hauer & Feld LLP to advise the firm's real estate fund formation and mergers and acquisitions practices, according to a Monday announcement.
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May 12, 2025
Bradley Arant Faces DQ Bid In Georgia Mall Rent Dispute
A mall has urged a Georgia federal judge to disqualify Bradley Arant Boult Cummings LLP from representing a tenant in an unpaid rent dispute, arguing that the law firm has a conflict of interest because it has represented the mall's sister corporation in similar litigation.
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May 12, 2025
Blackstone, King Street-Backed Firm Close $925M Debt Fund
Colovore, an artificial intelligence data center operator backed by investment firm King Street Capital Management, said Monday that it has raised $925 million in financing from Blackstone funds for new development projects.
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May 12, 2025
Blackstone Gets More Time For Warehouse REIT Offer
Britain's mergers and acquisitions watchdog has handed the U.S. private equity shop Blackstone more time to make a firm offer for Warehouse REIT, the U.K. company said Monday, after Blackstone reduced its £489 million ($646 million) price tag for the real estate investor.
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May 09, 2025
NY Developer Denied More Time To Pay SEC $229M Settlement
A New York federal judge denied a motion by a real estate developer and his wife to extend the deadline for a $229.6 million payment required under a consent judgment with the SEC to settle claims they had schemed to raise money from hundreds of Chinese investors using false statements.
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May 09, 2025
New Orleans Wants Out Of Airbnb's Short-Term Rentals Suit
New Orleans urged a Louisiana federal court on Friday to toss a suit brought by Airbnb Inc. and multiple property owners challenging several of the city's short-term rental ordinances.
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May 09, 2025
Vanbarton Plans Resi Conversion Of NYC Catholic Office
Real estate firm Vanbarton Group has submitted plans for a residential conversion of the Archdiocese of New York's former Midtown East headquarters building, according to documents filed this week.
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May 09, 2025
Invcesco REIT Closes First CRE-CLO Fund With $1.2B
An Invesco real estate investment trust said Friday that it closed its first commercial real estate collateralized loan obligation at $1.2 billion, secured by a mix of multifamily and industrial loans.
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May 09, 2025
Seritage Shareholder Sues Over $325M Portfolio Value Loss
The current and former leadership of Seritage Growth Properties was hit with a derivative shareholder suit in New York federal court, alleging the real estate company's executives caused Seritage's stock value to drop by failing to fix deficient financial reporting and devaluing its portfolio by $325 million.
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May 09, 2025
NY Developer Cops To Stealing $13M From Investors
A real estate developer pled guilty in New York federal court Friday to using sham projects to solicit $13 million from investors to make up for a downturn in legitimate business.
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May 09, 2025
Lucosky Brookman Faces Malpractice Suit Over NYC Site Sale
Lucosky Brookman LLP, a boutique corporate finance and securities firm, was hit with a malpractice suit in New Jersey state court by a former client alleging the firm failed to warn it about a decades-old agreement that would restrict its ability to build on a New York City site.
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May 09, 2025
Shutts & Bowen Eyes Sanctions Over Country Club Sale Suit
Florida firm Shutts & Bowen LLP is continuing its pushback against a real estate corporation's malpractice lawsuit alleging it sank the sale of a country club, this time serving a motion for sanctions in the state court.
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May 09, 2025
Condo Counsel Disqualified In Suit Against Miami Hotel Owner
A Miami judge disqualified a law firm from representing a condo association in claims against a hotel owned by Spanish billionaire Amancio Ortega due to the firm's work for the hotel on an unrelated case.
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May 09, 2025
Minn. Court Increases Prior Valuation Of Parking Lot By $900K
The Minnesota Tax Court increased the market valuation of a parking lot by $900,000 after reopening the record and adjusting the reversion rate to reflect the record, resulting in a slightly higher valuation.
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May 09, 2025
CoStar To Buy Australian PropTech Co. In $1.9B Deal
Commercial real estate analytics provider CoStar Group announced its plans to buy Australian proptech company Domain Holdings Australia Ltd., wrapping up a deal guided by Gilbert + Tobin that values the company at nearly 3 billion Australian dollars ($1.9 billion) in total.
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May 08, 2025
Ex-Brookfield Leader Says He Was Fired For Whistleblowing
A former managing partner at Brookfield Asset Management lobbed wrongful termination and defamation claims at his former employer Thursday, claiming that he was fired for refusing to accept a bribe and for filing a whistleblower complaint with the U.S. Securities and Exchange Commission.
Expert Analysis
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Making The Opportunity Zones Program Great At Last
As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.
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Investor Essentials For Buying Federally Owned Property
Investors and developers can take advantage of the Trump administration's plan to sell government-owned real estate by becoming familiar with the process and eligible to bid, and should prepare to move quickly once the U.S. General Services Administration posts the list of properties for sale, say attorneys at Holland & Knight.
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How 2025 Is Shaping The Future Of Bank Mergers So Far
Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.
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Why NY May Want To Reconsider Its LLC Transparency Law
Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.
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Dewberry Ruling Is A Wakeup Call For Trademark Owners
The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.
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How GSA Lease Clauses May Affect DOGE Terminations
The Department of Government Efficiency has begun to cut the U.S. General Services Administration's enormous real estate portfolio, but some standard lease clauses include limits helpful to landlords that may slow progress toward the administration's cost-cutting goals, say attorneys at Pillsbury.
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What SDNY Judge Can And Can't Do In Adams Case
The federal judge in the Southern District of New York overseeing the criminal case against New York City Mayor Eric Adams deferred making a decision on the government's motion to dismiss the indictment, and while he does have limited authority to deny the motion, that would ultimately be a futile gesture, says Ethan Greenberg at Anderson Kill.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Corp. Transparency Act's Future Under Treasury's Bessent
The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.
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Nippon Order Tests Gov't Control Over Foreign Investments
The U.S. government is primarily interested in restraining foreign transactions involving countries of concern, but former President Joe Biden’s January order blocking the merger of Nippon Steel and U.S. Steel shows that all foreign direct investments are under the federal government’s microscope, say attorneys at Blank Rome.
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A Look At A Possible Corporate Transparency Act Exemption
Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.
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As EPA Backs Down, Expect Enviros To Step Up Citizen Suits
As President Donald Trump's U.S. Environmental Protection Agency draws down federal enforcement efforts, environmental groups will step into the void and file citizen suits — so companies should focus on compliance efforts, stay savvy about emerging analytical and monitoring methods, and maintain good relations with neighbors, say attorneys at Beveridge & Diamond.
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Emphasize Social Spaces During RE Project Public Review
As Boston continues to work through revisions to its public review process for real estate projects, developers attempting to balance impact mitigation and community improvements may benefit from emphasizing the ways in which development plans can facilitate open social exchange, says David Linhart at Goulston & Storrs.