Commercial

  • 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.

  • 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.

  • 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.

  • 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.

  • 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. 

  • 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.

  • 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.

  • May 08, 2025

    CEO Stole Funds To Fuel 'Gambling Habit', Investor Says

    An investor in a cybersecurity company has claimed in a new suit that the company's CEO defrauded the investor out of more than $2.8 million through falsified budgets and other means, all to support a "lavish" lifestyle and "severe gambling habit."

  • May 08, 2025

    Pa. Diner Can't Get Tax Sale Axed Over Price Hike, Panel Says

    A diner in a resort in Pennsylvania's Pocono Mountains can't duck a tax sale over the final sale price of the diner property being higher than originally advertised, a state appellate panel said in a precedential ruling Thursday.

  • May 08, 2025

    Bain, Oliver Street Pick Up $208M Industrial Portfolio

    A joint venture between Bain Capital Real Estate and Oliver Street Capital completed a $208 million "private, off-market" deal to acquire a portfolio of Northern New Jersey industrial properties, according to a Thursday announcement.

  • May 08, 2025

    Miami Atty Joins Arbitration Place After US Expansion

    A Miami attorney has joined the roster of decision-makers at Arbitration Place tasked with helping settle international legal disputes out of court following the company's recent expansion to the U.S.

  • May 08, 2025

    Coverage Uncertain For LA Fire Soil Remediation, Pros Say 

    Dangerous toxins are being detected in the soil around homes affected by the Los Angeles fires, but experts say that insurance coverage for soil remediation would likely be limited, even if certain policies or provisions could offer some compensation.

  • May 08, 2025

    NC Ophthalmologist Owes Ex-Partner Office Building Cash

    The North Carolina Business Court has ruled that an ophthalmologist who agreed to buy out his former business partner's share of their practice must pay the former partner 36% of the value of their office building under the terms of their confidential settlement agreement.

  • May 08, 2025

    11th Circ. Judge Frowns On New Arguments In Easement Case

    An Eleventh Circuit judge disapproved of a Georgia partnership raising new arguments on appeal as it pursues a tax deduction for a conservation easement donation, saying Thursday that perhaps "we wouldn't be here" if the partnership had argued the points before the lower court.

  • May 08, 2025

    11th Circ. Says Developer's I-20 Truck Stop Suit Out Of Gas

    The Eleventh Circuit has backed a district court's dismissal of a property owner's suit challenging a metro Atlanta county ordinance that for years blocked him from developing his land into a QuikTrip gas station, ruling the county had a "rational basis" for its effective ban on new truck stops.

  • May 08, 2025

    Industrial Vacancies Expected To Peak In 2025, Colliers Says

    Vacancies for U.S. industrial properties are anticipated to hit their peak by the end of the year due to "a significantly reduced construction pipeline," according to a new report from Colliers.

  • May 08, 2025

    Katten Adds CMBS Pro From Cadwalader

    Katten Muchin Rosenman LLP announced that a new partner has joined the firm's structured finance and securitization practice from Cadwalader Wickersham & Taft LLP, noting that she will expand the firm's commercial mortgage-backed securities capabilities.

  • May 08, 2025

    2nd Circ. Revives Arbitration In Hurricane Damage Suit

    The Second Circuit on Thursday revived a bid by surplus insurers seeking to arbitrate claims over hurricane-related property damage in Louisiana, in a ruling that overturns its own precedent on the interpretation of a treaty governing international arbitration.

  • May 08, 2025

    Morgan Lewis Guides $320M Neighborhood Retail Fund

    Investment manager Nuveen Real Estate said May 8 it has raised $320 million in a fund advised by Morgan Lewis & Bockius LLP aimed at grocery-anchored, necessity-based neighborhood retail properties.

  • May 08, 2025

    Tenn. Hotel Operators To Stop Collecting Tax After 30 Days

    Tennessee will require hotel operators to stop collecting occupancy taxes from people who stay for more than 30 days under a bill signed by the governor.

  • May 07, 2025

    Sidley-Led Insurer Aspen Leads 2 IPOs Raising $508M Total

    Private equity-backed specialty insurer Aspen Insurance Holdings Ltd., represented by Sidley Austin LLP, on Wednesday raised $397.5 million after pricing an upsized initial public offering, leading one of two insurance listings that netted $507.5 million combined as more companies tiptoe back into the IPO market. 

  • May 07, 2025

    Fla. Lawmakers Tackle Real Estate Issues, But Is It Enough?

    Real estate matters were once again top of mind during the Florida Legislature's 2025 session, but in a year marked by political tensions, it remains to be seen how successfully lawmakers resolved some major questions.

  • May 07, 2025

    'Preposterous' SEC Rule For Real Estate Could Be Dropped

    A proposed rule to make the U.S. Securities and Exchange Commission's custodial requirements for investment advisers apply to all assets, including real estate, could die under current Republican leadership. Some attorneys say the proposal lacked sense to begin with.

  • May 07, 2025

    Global Hotel Investment Rebounds, But Dips In The Americas

    Global hotel investment in the Americas dropped a significant 17.1% in 2024, in marked contrast with cross-border investment in Europe, the Middle East and Africa, which jumped 112% last year, per a CBRE report.

  • May 07, 2025

    Venable Adds Construction Pro As Partner In Chicago

    Venable LLP hired veteran construction attorney Charles "Cully" H. Wahtola III as a partner for the firm's construction law group in its Chicago office, the firm announced.

Expert Analysis

  • Investor Essentials For Buying Federally Owned Property

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    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.

  • How 2025 Is Shaping The Future Of Bank Mergers So Far

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    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.

  • Why NY May Want To Reconsider Its LLC Transparency Law

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    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.

  • Dewberry Ruling Is A Wakeup Call For Trademark Owners

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    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.

  • How GSA Lease Clauses May Affect DOGE Terminations

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    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.

  • What SDNY Judge Can And Can't Do In Adams Case

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    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.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “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.

  • Corp. Transparency Act's Future Under Treasury's Bessent

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    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.

  • Nippon Order Tests Gov't Control Over Foreign Investments

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    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.

  • A Look At A Possible Corporate Transparency Act Exemption

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    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.

  • As EPA Backs Down, Expect Enviros To Step Up Citizen Suits

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    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.

  • Emphasize Social Spaces During RE Project Public Review

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    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.

  • What Contractors Can Do To Address Material Cost Increases

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    In light of the Trump administration's plans to increase tariffs on Mexico, Canada and China, construction industry players should proactively employ legal strategies to mitigate the impacts that price increases and uncertainty may have on projects, says Brenda Radmacher at Seyfarth Shaw.