Commercial

  • September 10, 2025

    NJ Justices Will Weigh Eminent Domain Limits In 2 Cases

    The New Jersey Supreme Court has agreed to hear a pair of cases probing the boundaries of eminent domain powers in the state, with one case exploring if officials can exchange taken land for other property earmarked for public use in a swap with a developer.

  • September 10, 2025

    Kirkland-Led Milestone Raises $1.1B For Multifamily Deals

    The Milestone Group, advised by Kirkland & Ellis LLP, said Wednesday that it accrued $1.1 billion in its latest fund raise for investing in suburban multifamily communities, surpassing the equity vehicle's predecessor and hitting its hard cap.

  • September 10, 2025

    Ore. County Failed To Tell Biz It Lost Tax Break, Court Says

    An Oregon meat processor was justified in failing to timely appeal property assessments because it was never notified in writing by a county assessor of its exclusion from an enterprise zone tax incentive program, the state tax court ruled.

  • September 10, 2025

    SkyREM Nabs 3 Midwest Industrial Properties For $100M

    Commercial real estate firm SkyREM announced it has acquired three industrial real estate properties spanning a combined 1.4 million square feet in the Midwest, in a trio of deals worth nearly $100 million.

  • September 10, 2025

    SC Residents Ask 4th Circ. To Revive Marsh Development Suit

    A group of South Carolina residents urged the Fourth Circuit to reverse the dismissal of their suit challenging a federal plan to develop tidal marshland that's allegedly already part of a state public trust that bars development.

  • September 10, 2025

    Co. Pays $194M For Fla., NJ Industrial Property Portfolio

    Terreno Realty Corp. bought a three-property, 509,000-square-foot portfolio of industrial distribution buildings located in Doral, Florida, and Kearny, New Jersey, for $194.3 million, the industrial real estate company announced Wednesday.

  • September 10, 2025

    K&L Gates Guides $1B Special Situations Fund

    Guided by K&L Gates LLP, Cottonwood Group raised $1 billion for its opportunistic real estate fund, doubling the private equity real estate investment firm's original $500 million target, according to the law firm's Tuesday statement.

  • September 09, 2025

    Ariz. Developer, Son Get Prison For $280M Sports Park Fraud

    An Arizona developer and his son were both sentenced to prison Tuesday for deceiving investors into sinking $280 million into a Phoenix-area sports park by forging documents and inflating revenue projections for the facility, which entered bankruptcy soon after it opened.

  • September 09, 2025

    Private Fund Adviser To Pay $9.7M To End SEC Suit

    The U.S. Securities and Exchange Commission announced on Tuesday that a real estate-focused Colorado private fund adviser and his two management firms would pay $9.7 million to settle claims of defrauding investors with misrepresentations, which include concealing conflicts of interests in proposed buyout transaction requests he sent to investors.

  • September 09, 2025

    Ski Mountain Owner Points To Google Remedies Decision

    A New York ski mountain owner is citing the recent remedies decision in the Google search antitrust case as it looks to avoid selling one of its properties after the court found it violated state law by purchasing and closing a neighboring mountain ski park.

  • September 09, 2025

    Emmet Marvin Guides $127M Loan For Brooklyn Tower Project

    The Domain Cos. borrowed two loans worth more than $127 million combined from U.S. Bank for the developer's Brooklyn mixed-use, multifamily tower project, in deals guided by Emmet Marvin & Martin LLP, according to official property records filed Tuesday.

  • September 09, 2025

    Voters To Decide On Proposals To Shift NYC Land Use Power

    The New York City Board of Elections on Tuesday voted to allow a number of housing-related questions to be on the ballot in November, over objections by the New York City Council.

  • September 09, 2025

    Real Estate Lawyers On The Move

    Shartsis Friese, Bryan Cave and Addleshaw Goddard are among the law firms that have made recent real estate or construction hires.

  • September 09, 2025

    NY Appeals Tribunal Finds Property Transfers Triggered Tax

    A New York administrative law judge mischaracterized a transaction from when a property was transferred between related entities, the New York City Tax Appeals Tribunal ruled, finding the transfers were taxable.

  • September 09, 2025

    Expedia Wants $2.75M Sanction For 'Lies' In Cuba Land Suit

    A family descended from Cuban landowners and its counsel in a suit over property seized by the Cuban government should face seven-figure sanctions for knowingly bringing bogus Helms-Burton Act claims against travel company Expedia, the company has told a Delaware federal judge following its win in a jury trial.

  • September 09, 2025

    Execs Hit With 'Drastic' Sanctions In RE Platform Dispute

    A New York state court has sanctioned two directors of Fang Holdings Ltd. and their affiliates for "flagrant and blatant disregard" of discovery orders amid a shareholder derivative suit accusing them of manipulating the Chinese real estate portal to enrich themselves.

  • September 09, 2025

    Sotheby's Executive Returns To Gunster In Florida

    A former vice president and brokerage manager for Sotheby's International Realty has rejoined her former law firm Gunster in Florida to continue her practice representing high-net-worth individuals, developers and investors in residential and commercial real estate transactions.

  • September 09, 2025

    Bally's, Investar Execs Fill Resorts World Las Vegas Legal Posts

    Resorts World Las Vegas LLC has bolstered its legal team by adding the Bally's Corp. general counsel for North America as its chief legal officer and a new general counsel from Investar Bank NA.

  • September 09, 2025

    Net Lease REIT Pays $70M For Inpatient Rehab Properties

    Sila Realty Trust Inc. purchased two "newly built and highly utilized" inpatient rehabilitation properties separately located in Peoria, Arizona, and Plano, Texas, for $70.3 million, the net lease real estate investment trust announced Monday.

  • September 09, 2025

    Ex-Camping Biz, Hyatt Atty Joins Concord Hospitality As GC

    Concord Hospitality Enterprises has found its new general counsel in an in-house leader who previously worked at Camping World Holdings Inc. and Hyatt Hotels Corp.

  • September 09, 2025

    NY Pot Regulator Says Lawmakers Must Fix Proximity Issue

    The head of New York's cannabis regulatory agency said Tuesday that only the state Legislature could cure a recent destabilizing shift in regulatory interpretation that threatens to upend more than a hundred marijuana businesses.

  • September 09, 2025

    Investment Firm Buys 53-Asset Net Lease Portfolio For $640M

    New Mountain Capital LLC paid $640 million to acquire a portfolio of 53 net lease assets located across 16 U.S. states, as well as the U.K., Canada and Germany, the alternative investment firm announced Tuesday.

  • September 09, 2025

    Bowling And Eatery Chain Pinstripes Hits Ch. 11 Seeking Sale

    Illinois-based bowling and restaurant chain Pinstripes has filed for Chapter 11 protection in Delaware bankruptcy court with more than $143 million in debt and plans to seek a going concern sale.

  • September 08, 2025

    Texas Data Center Campus Developer Files For IPO

    Former U.S. energy secretary Rick Perry's Fermi America filed for an initial public offering Monday, guided by Haynes and Boone LLP and Vinson & Elkins LLP.

  • September 08, 2025

    Walker & Dunlop Lines Up $68M Skilled Nursing Loans Deal

    Walker & Dunlop Inc. arranged more than $68 million worth of refinancing loans, which are insured by the U.S. Department of Housing and Urban Development, for seven skilled nursing properties in Illinois and Wisconsin, the commercial real estate financing company announced Monday.

Expert Analysis

  • What To Expect As Trump's 401(k) Order Materializes

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    Following the Trump administration’s recent executive order on 401(k) plan investments in alternative assets like cryptocurrencies and real estate, the U.S. Department of Labor and the U.S. Securities and Exchange Commission will need to answer several outstanding questions before any regulatory changes are implemented, say attorneys at Cleary.

  • Key Insurance Coverage Considerations For AI Data Centers

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    The burgeoning artificial intelligence industry has sparked a surge in data center projects — a trend likely to be accelerated by the White House's AI Action Plan — but with these complex facilities come equally complex risks, engendering important insurance coverage considerations, say attorneys at Morgan Lewis.

  • Unpacking The New Opportunity Zone Tax Incentive Program

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    The One Big Beautiful Bill Act brought several improvements to the opportunity zone tax incentive program that should boost investments in qualified funds, including making it permanent, increasing federal income tax benefits in rural areas, redesignating the qualified zones, and requiring more in-depth reporting, says Marc Schultz at Snell & Wilmer.

  • Data Center Construction Trends, Challenges In Ill. And Texas

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    Data centers in Illinois and Texas are reshaping the industrial landscape, but this growth brings legal complexity, so developers, contractors and corporate legal departments must have a deep understanding of each state's legal terrain and take a proactive approach to risk management, say attorneys at Hicks Johnson.

  • Definitions Of 'Waters Of The United States' Ebb And Flow

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    The issue of defining whether "waters of the United States" include streams and channels that sometimes have water and sometimes do not has been fraught since the U.S. Supreme Court's 2006 Rapanos decision, but a possible new rule may help property owners stay out of court, says Neal McAliley at Carlton Fields.

  • Texas Property Law Complicates Financing And Development

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    A new Texas law imposing expansive state-level restrictions on properties owned by entities from designated countries creates a major obstacle for some lenders, developers and other stakeholders, as well as new diligence requirements for foreign companies, say attorneys at Pillsbury.

  • How Bankruptcy Law Caps Landlords' Rejected Lease Claims

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    With corporate bankruptcy filings for the first half of the year at a 15-year high, landlords should be prepared for commercial tenants to use the bankruptcy process to reject unwanted leases in order to lessen corporate footprints and improve liquidity, say attorneys at Mintz.

  • Annual Report Shows CFIUS Extending Its Reach In 2024

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    The recently released 2024 annual report from the Committee on Foreign Investment in the United States reveals record civil penalties and enhanced internal capabilities, illustrating expanding jurisdiction and an increasing appetite for enforcement actions, says Nathan Fisher at StoneTurn.

  • Navigating The New Playbook For SBA 504 Loans

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    As the U.S. Small Business Administration 504 loan program’s relevance grows amid climbing foreclosure activity, regulatory changes and a notable ruling from the Eighth Circuit are reshaping origination and workout strategies, highlighting the need for a national framework to improve resolutions, protect recoveries and support small businesses, says Casey Sieck at Day Pitney.

  • Assessing Strategies For Mixed-Use Pro Sports Projects

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    Counsel managing mixed-use sports and entertainment districts must combine expertise ranging from stadium-arena finance to municipal law to public relations into a unified strategy, and a series of practice tips can aid project management from inception to completion, say attorneys at Katten.

  • 4 Questions For Insureds To Overcome Flood Exclusions

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    In a year of record flash flooding in the U.S., affected policyholders, who may assume that their policy's flood exclusion precludes recovery for losses, should look to the many factually and legally nuanced cases presenting pathways to coverage, says Micah Skidmore at Haynes Boone.

  • Opportunity Zone Overhaul Is Good News For Investors

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    Recently enacted reforms making the qualified opportunity zone program permanent, restoring the basis step-up for capital gains and adding flexibility to the zone designation process enhance the program’s appeal for long-term investment, says Steven Hadjilogiou at McDermott.

  • Texas High Court Decision Could Reshape Contract Damages

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    The Texas Supreme Court recently held that an order of specific performance for a real property transaction doesn't preclude a damage award, establishing a damages test for this scenario while placing the onus on lower courts to correctly determine the proper remedies and quantum of damages, say attorneys at Fried Frank.