Commercial

  • May 05, 2025

    Insurer Knowingly Skimped On Storm Probe, Texas Court Told

    A Houston-area developer's insurer deliberately refrained from a proper investigation after a May 2024 storm and thus came up short on covering losses, the developer told a Texas federal court Monday.

  • May 05, 2025

    Umpqua Bank Class Seeks Approval Of $55M Ponzi Suit Deal

    A class of Umpqua Bank investors has asked a California federal judge to give the initial OK to a $55 million settlement to end a suit alleging the bank helped execute a $300 million Ponzi scheme led by a since-deceased real estate investment manager.

  • May 05, 2025

    2 Firms Guide $166M Loan For Brooklyn Parcels

    Scale Lending LLC, the lending affiliate of Slate Property Group, provided a $166 million construction loan to a business connected to Goose Property Management for three Brooklyn properties in a deal guided by Sheppard Mullin Richter & Hampton LLP and Sheppe LLP, Sheppard Mullin told Law360 on Monday.

  • May 05, 2025

    NYC Real Estate Week In Review

    Fried Frank and Romer Debbas helped out with two of the largest New York City real estate deals that hit public records last week, with a nine-figure transaction leading the way.

  • May 05, 2025

    BakerHostetler Steers $91.5M Buy For 18 NJ Industrial Acres

    BakerHostetler advised New York real estate investor Turnbridge Equities on a $91.5 million purchase of a 17.9-acre industrial property in Bayonne, New Jersey.

  • May 02, 2025

    Miami Rental Property Sellers Want $1.5M Award Reversed

    The sellers of a Miami rental property asked the Eleventh Circuit to reverse a $1.5 million judgment against them over the breakdown of a $5.45 million sale of the property, arguing that the buyer failed to prove that it had the money to pay for the property.

  • May 02, 2025

    Manhattan Office Leasing Seeing Expected Drop, Colliers Says

    The monthly leasing volume of Manhattan office space reached 3.38 million square feet in April, marking a decline since the beginning of March, but an expected one, according to a Colliers report.

  • May 02, 2025

    Pot Co. Drops Challenge To Mich. City's Licensing Scheme

    A would-be Michigan dispensary has dropped its suit alleging that the city of Auburn Hills violated a voter-approved ordinance by awarding a cannabis license to a company it had previously said didn't fit the criteria for one.

  • May 02, 2025

    Construction Spending Dips In March After Steady Growth

    Construction spending in March fell slightly from the prior month to a seasonally adjusted annual rate of $2.196 billion, with slightly reduced spending along nearly all the private and public construction subcategories tracked by the U.S. Census Bureau.

  • May 02, 2025

    Phoenix Industrial Project Deliveries, Starts Balance In Q1

    The Phoenix industrial market saw 7.3 million square feet of new space delivered in the first quarter, while new construction slowed to its lowest level since 2020, balancing one of the top U.S. markets for net absorption, according to commercial broker Colliers.

  • May 02, 2025

    Nixon Peabody Appoints Finance, Tax Partner As DC Leader

    Nixon Peabody LLP has appointed a more than 20-year veteran of the firm as its Washington, D.C., office managing partner, who focuses his practice on a range of corporate, finance and real estate matters, according to a Thursday announcement.

  • May 02, 2025

    Colorado Investor, Ex-Counsel Trade Blows In Malpractice Suit

    A Colorado real estate investor and Fox Rothschild LLP have filed a flurry of motions in a legal malpractice suit, with the investor requesting that the firm be found liable for damages amid its representation in an underlying fight over a soured development deal, and the firm contending the investor abandoned a claim over attorney fees.

  • May 02, 2025

    Goldberg Weprin, Fried Frank Guide $164M Brooklyn Site Sale

    Developers Charney Cos. and Tavros, advised by Goldberg Weprin Finkel Goldstein LLP, have bought a fully permitted development site in Brooklyn's Gowanus neighborhood from RFR, led by Fried Frank Harris Shriver & Jacobson LLP, for $164 million, the companies said this week.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

Expert Analysis

  • Navigating FEMA Grant Program For Slope Fixes After Storms

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    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

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    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

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    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

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    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

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    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

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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.