Commercial

  • May 07, 2025

    Vornado Signals Residential Foray Into NYC's Penn District

    Vornado Realty Trust executives hinted on a first-quarter earnings call at an embrace of residential development in Manhattan's Penn District, where the real estate investment trust owns a 10 million-square-foot portfolio.

  • May 06, 2025

    HUD Says Suit To Block Fund Cuts Belongs In Claims Court

    The U.S. Department of Housing and Urban Development urged a Washington federal judge on Tuesday to reject emergency relief sought by San Francisco, Boston, New York and King County, Washington, to block the Trump administration from slashing millions of dollars of homelessness assistance grants, saying federal court lacks jurisdiction. 

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

Expert Analysis

  • For NY Wind And Solar Projects, Some Tax Assessment Clarity

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    Recent legislation, which moots a challenge to New York’s discounted cash flow method for assessing solar and wind project real property taxes, lifts a cloud of uncertainty and brings new considerations for developers, investors and lenders, say attorneys at Hodgson Russ.

  • How Electric Vehicles Will Affect Land Use And Development

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    The increasing use of electric vehicles will bring significant issues for cities and real estate developers to consider, as cities will require substantially more infrastructure to meet electric vehicles' charging needs, says John Lushis at Norris McLaughlin.

  • 2nd Circ. Reinsurance Ruling Misconstrues English Law

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    The Second Circuit's finding in Insurance Company of the State of Pennsylvania v. Equitas Insurance, that London-based reinsurer Equitas owed coverage for losses outside the policy period, stems from that court's misinterpretation of English law on reinsurance policy construction, says Christopher Foster at Holman Fenwick.

  • Key Limited Partnership Provisions During Market Downturns

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    With a recession potentially on the horizon, fund managers should carefully examine their funds' limited partnership agreements for items that may be affected by economic downturns, and assess whether modifications may be appropriate, says Matthew Posthuma at Ropes & Gray.

  • Fla. Foreign Real Estate Law Brings Broad Investment Risks

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    Last month, Florida became the latest state to enact legislation prohibiting Chinese investors from acquiring certain interests in real property, introducing significant legal uncertainty and consequences for real estate stakeholders and the private equity industry, say attorneys at Simpson Thacher.

  • How REITs Can Prep For SEC's Repurchase Disclosure Rules

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    With real estate investment trusts' share repurchase activity on the rise, REITs should beware the potential enforcement risks that may arise from the U.S. Securities and Exchange Commission's new rules requiring additional disclosures regarding such repurchases, says Zach Swartz at Vinson & Elkins.

  • As Sackett Trims Feds' Wetlands Role, States May Step Up

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    The U.S. Supreme Court's recent decision in Sackett v. U.S. Environmental Protection Agency extinguishes federal authority over many currently regulated wetlands — meaning that federal permits will no longer be required to discharge pollutants in affected areas, but also that state regulators may take a more active role, say attorneys at Kelley Drye.

  • Trafficking Ruling Offers Liability Lessons For Hospitality Cos.

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    A California federal court recently dismissed a lawsuit accusing several national hotel chains of knowingly benefiting from sex trafficking at their premises, highlighting how hospitality leaders can protect their guests and staff, and shield their companies from liability and reputational damage, says Danielle Dudai at Hall Booth.

  • What's Unique — And What's Not — In Trump Protective Order

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    A Manhattan judge's recent protective order limiting former President Donald Trump's access to evidence included restrictions uniquely tailored to the defendant, which should remind defense attorneys that it's always a good idea to fight these seemingly standard orders, says Julia Jayne at Jayne Law.

  • Justices Curb Fraud Theories, But That May Not Deter Feds

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    The U.S. Supreme Court’s opinions last week in Ciminelli v. U.S. and Percoco v. U.S. are the latest in a line of rulings aiming to limit the wire fraud statute’s application to state public corruption cases, but federal prosecutors will probably continue pursuing such cases using different charging language and other laws, says ​​​​​​​Alison Anderson at Boies Schiller.

  • Good Faith Buyer Lessons From 5th Circ. Bankruptcy Ruling

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    The Fifth Circuit’s recent ruling in Palm Springs II, affirming the sale of property to a senior lender, is notable for its guidance on Section 363(m), including the ability of a senior lender to remain a good faith purchaser despite squeezing out a junior lender, says Shane Ramsey at Nelson Mullins.

  • How Cities Can Tackle Post-Pandemic Budgeting Dilemmas

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    Due to increasing office vacancies around the country, cities may consider politically unpopular actions to avoid bankruptcy, but they could also look to the capital markets to ride out the current real estate crisis and achieve debt service savings to help balance their budgets, say attorneys at Cadwalader.

  • What Associates Need To Know Before Switching Law Firms

    Excerpt from Practical Guidance
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    The days of staying at the same firm for the duration of one's career are mostly a thing of the past as lateral moves by lawyers are commonplace, but there are several obstacles that associates should consider before making a move, say attorneys at HWG.