Commercial

  • October 02, 2025

    NYC Supertall To Move Forward With Council Backing

    New York's City Council has endorsed a plan to build one of the city's tallest towers on Park Avenue in Manhattan, a 1,600-foot-tall office building to be constructed by a trio of developers.

  • October 02, 2025

    Chicago Office Leasing Returning To Pre-COVID Rates

    Strong leasing activity in Chicago's downtown office market during the third quarter of the year set the market on target to record the highest leasing volume since the pandemic disruptions, per a report from Savills.

  • October 02, 2025

    NFIP Lapse Threatens Home Sales, Hurricane Protections

    Thousands of home sales could be delayed or canceled as a result of the National Flood Insurance Program lapsing under the government shutdown, and homeowners could potentially be left without coverage during hurricane season, experts say.

  • October 02, 2025

    J&J Must Pay $10M In Punitive Damages After Asbestos Loss

    A Connecticut state court judge has hit Johnson & Johnson with $10 million in punitive damages after a jury sided with a builder who alleged the company's baby powder caused his terminal cancer, adding the amount to an existing $15 million verdict.

  • October 02, 2025

    NJ Says RealPage Price-Fixing Claims Meet 'Cartel' Standard

    The New Jersey government defended its price-fixing claims against RealPage Inc. and multiple landlords in federal court, arguing that the defendants' collusion to jack up rents represents "cartel conduct in its most traditional form."

  • October 02, 2025

    Cajun Restaurant Chain Hits Ch. 11 Amid Consumer Shifts

    Cajun restaurant chain Razzoo's filed for Chapter 11 protection in Texas bankruptcy court, citing consumer shifts since the COVID-19 pandemic began that have led to financial distress and made it necessary for the business to seek relief from onerous lease obligations and reduce its store count.

  • October 02, 2025

    11th Circ. Urged To Uphold Cut To $17M Easement Deduction

    The U.S. Tax Court correctly slashed a partnership's $17 million tax deduction for donating a conservation easement, the government told the Eleventh Circuit, urging it to uphold a ruling that accused the group of trying to "fleece the public" by claiming the land was ripe for mining.

  • October 02, 2025

    Calif. Law Updates Rules For Tax-Defaulted Property Sales

    California has enacted a measure conforming the process of selling tax-defaulted property to a 2023 U.S. Supreme Court decision finding Minnesota violated the Fifth Amendment by keeping proceeds from a foreclosure sale that exceeded a tax debt.

  • 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.

Expert Analysis

  • What's Ahead As Transparency Act Comes To A Crossroads

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    Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.

  • Timeline Considerations For Boston's New RE Review Process

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    Boston's newly reimagined large real estate project review process, featuring early community engagement, holds impacts for project timelines that land use counsel must account for when guiding developers through approvals, says David Linhart at Goulston & Storrs.

  • The Story Of 2024's Biggest Bank Regs, And Their Fate In 2025

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    U.S. federal bank regulators were very active in 2024 with initiatives ranging from antitrust and capital to proposals regarding controlling shareholders and incentive-based compensation, but many regulations face an uncertain future under the new administration, say attorneys at Latham.

  • 2024 IPO Market Trends, And What To Expect Next Year

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    The initial public offering market returned to historically typical levels on a deal count basis in 2024 but continued to lag based on proceeds raised due to a larger number of smaller IPOs this year, and signs point to continued ongoing momentum in the next year, say attorneys at Paul Hastings.

  • Adapting Force Majeure To A Predictably Unpredictable World

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    As the climate and political landscapes get more complicated, force majeure provisions will likely be triggered increasingly often, demanding an evolving understanding of when events and their impacts are truly unforeseeable, say attorneys at Nossaman.

  • Impact Of Corporate Transparency Act Ambiguity On Banks

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    Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.

  • 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.