Commercial
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May 06, 2025
Quarles & Brady Adds New IP, Real Estate Partners
Quarles & Brady LLP has welcomed a Milwaukee-based intellectual property litigator from Quinn Emanuel Urquhart & Sullivan LLP and a Phoenix-based real estate and public finance attorney from Ice Miller LLP.
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May 06, 2025
Ind. Landowners Not Owed For Trail Project, Fed. Circ. Affirms
A group of Indiana landowners aren't owed compensation after claiming that their land was taken for a federal rails-to-trails conversion project, the Federal Circuit has ruled.
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May 06, 2025
NY Says Owner Has To Sell Ski Resort After Antitrust Loss
A New York ski resort operator who a state judge has ruled violated antitrust law by buying a rival and shutting it down should have to sell off one of its properties, preferably the one it shut down, so it can be reopened for next winter, the Empire State is arguing.
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May 06, 2025
Weil, Kirkland Shape $960M PE Digital Infrastructure Deal
Private equity firm TPG said Tuesday that it has agreed to acquire Ohio-based infrastructure asset manager Peppertree Capital Management in a deal worth up to $960 million that was advised by Weil Gotshal & Manges LLP and Kirkland & Ellis LLP.
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May 06, 2025
Moye White Lease Default Left 'Shock', 'Uncertainty,' Co. Says
A Denver landlord fought back against counterclaims lodged by defunct law firm Moye White LLP in Colorado state court, arguing that the firm wasn't wrongfully evicted from its Denver office space and willingly left the property.
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May 06, 2025
Troutman Welcomes Back Private Funds Vet In Philadelphia
Troutman Pepper Locke has rehired private funds attorney Benjamin Mittman in Philadelphia, bringing back a former special counsel as the firm continues to build out its private equity and investment funds group.
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May 06, 2025
Mayer Brown Adds Real Estate Finance Atty In Charlotte, NC
An attorney specializing in commercial real estate financing has recently moved her practice to Mayer Brown LLP's office in Charlotte, North Carolina, after more than 10 years with Dechert LLP.
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May 06, 2025
Pa. Panel Wonders If Mall's Condemnation Appeal Is Moot
The owners of a defunct and half-demolished shopping mall in the Pittsburgh suburbs say the surrounding borough didn't give them enough information to contest the order condemning their property, but judges of a Pennsylvania appellate court questioned Tuesday if the demolition made the issue moot.
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May 06, 2025
Brookfield's Biggest-Yet Real Estate Fund Has Lured In $16B
Brookfield has so far gathered over $16 billion for its latest real estate fund, including $6 billion bagged in the last quarter, setting the fund up to be the asset management giant's largest property investment strategy ever, executives said Tuesday.
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May 06, 2025
3 Firms Guide Blackstone's $150M Manhattan Hotel Purchase
Kramer Levin, Gibson Dunn and Jones Day guided Blackstone's $150 million purchase of a 292-key New York City hotel and a $125 million mortgage refinancing existing debt on the property, per county records.
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May 06, 2025
Fried Frank Reps 70-Year NYU Lease With $935M Upfront Cash
Fried Frank Harris Shriver & Jacobson LLP advised New York University in paying nearly $1 billion upfront to finalize a 70-year master lease for 1.1 million square feet of space in Vornado Realty Trust's 770 Broadway building.
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May 05, 2025
Hotel REIT Forecasts Uncertain '25 Outlook Despite Brisk Q1
Host Hotels & Resorts said economic uncertainty following recent tariff announcements led the real estate investment trust to moderate its outlook for 2025, even as the company reported strong demand in luxury and resort properties for the first quarter.
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May 05, 2025
Shutts & Bowen Takes Aim At Malpractice Suit Over Club Sale
Florida firm Shutts & Bowen LLP and one of its partners pushed back against a real estate corporation's malpractice lawsuit alleging they sank the sale of a country club with a motion requesting the court either transfer or dismiss the case.
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May 05, 2025
5 Firms Pilot Pershing Square's $900M Howard Hughes Deal
Hedge fund Pershing Square will grow its ownership stake in Howard Hughes Holdings and expand the company's business lines beyond real estate development in a $900 million deal put together by five law firms, the companies said Monday.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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.