Commercial
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December 04, 2025
Over 2 Dozen Countries Commit To Property Tax Transparency
A group of 26 jurisdictions committed on Dec. 4 to adopting a framework developed by the Organization for Economic Cooperation and Development to facilitate the exchange of real estate information among tax authorities.
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December 04, 2025
KKR-Led Group Sells Stake In Tokyo Hotel, Plus More Rumors
A group led by private equity behemoth KKR sold its stake in a luxury Tokyo hotel for $800 million, Blackstone is considering dropping its bid for British self-storage company Big Yellow Group, and Australian metals and mining company BHP Group offered to buy British mining company Anglo American for £40 billion ($53 billion) before nixing its offer.
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December 03, 2025
Cannon Hill, TriPost Team Up, Eye $1.5B In Office Acquisitions
King & Spalding LLP and Hunton Andrews Kurth LLP provided counsel as New York-based firms Cannon Hill Capital Partners and TriPost Capital Partners entered into a partnership aimed at acquiring up to $1.5 billion in "strategic office assets" over the next three years.
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December 03, 2025
Citibank Says Developer Can't Blame It For $45M Wire Scam
Citibank NA has urged a California federal judge to toss a suit by a real estate developer who accidentally wired $45 million in home-purchase funds to a fraudster after receiving spoofed escrow emails.
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December 03, 2025
Mineral Rights At Former Mo. Gas Station Ruled Worthless
A convenience store company's interest in mineral rights it retained when it sold a gas station property are correctly valued at $0 and not taxable, the Missouri Court of Appeals ruled, upholding decisions of a trial court and the state's tax commission.
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December 03, 2025
Mich. Judge Tosses Crypto Cos' $6.8M Travelers Fire Suit
A Michigan federal judge on Wednesday dismissed a lawsuit from two cryptocurrency mining companies that alleged Travelers Insurance Co. and Northfield Insurance Co. exacerbated their building's fire loss through the claim handling process, finding the issues in this case were fully litigated in a separate action in which the insurance policy was deemed void.
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December 03, 2025
Monitor Will Stay In Place In $1B Broad Street Fraud Case
A private equity firm accused by the U.S. Securities and Exchange Commission of defrauding investors in a $1 billion fund lost its bid Wednesday to discharge the court-appointed monitor overseeing its books when a Florida federal judge rejected arguments that the monitor was acting in bad faith.
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December 03, 2025
Investcorp Buys 35-Property Industrial Portfolio For $400M
Investcorp has paid $400 million to acquire a 35-property, 2.6 million-square-foot U.S. industrial real estate portfolio that consists of properties in six states, the alternative investment firm announced.
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December 03, 2025
UMB Bank Gets Partial Win In $80M Hard Rock Hotel Dispute
UMB Bank NA has been granted wins on some of its claims in a suit regarding a failed $80 million Hard Rock Hotel development project, with a Kansas federal court ruling that claims it did not properly reimburse the project developer's costs have already been decided in Minnesota court.
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December 03, 2025
Okla. Cos. Hit Simon Property Group With Antitrust Suit
A group of Oklahoma-based companies accused retail-focused real estate investment trust Simon Property Group Inc. of waging "an anticompetitive campaign" to take down their competing mixed-use project in Oklahoma City.
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December 03, 2025
K&L Gates Deepens Its CMBS Servicer Attorney Bench
K&L Gates LLP announced Wednesday that it has brought on two experienced real estate finance attorneys whose practices focus on advising commercial mortgage-backed securities servicers.
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December 03, 2025
MVP: Sullivan & Cromwell's Ralston Turbeville
Ralston Turbeville, a partner in Sullivan & Cromwell's real estate practice, guided Tishman Speyer's $3.5 billion refinancing of Rockefeller Center as well as the company's $2.85 billion refinancing of the Spiral in Hudson Yards, earning him a spot as one of the 2025 Law360 Real Estate MVPs.
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December 03, 2025
QuadReal, LaSalle Ink Deal On $495M US Industrial Portfolio
Canada-based QuadReal Property Group has announced real estate-focused LaSalle Investment Management will take a minority stake as part of a deal to recapitalize a $495 million U.S. industrial portfolio.
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December 03, 2025
Texas Firm Polunsky Beitel Hires Mortgage-Focused Tech Chief
Texas law firm Polunsky Beitel & Green LLP has announced the hiring of a former technology lead at Codvo.ai and Wells Fargo as its chief technology officer, as it seeks to expand its use of artificial intelligence and automation.
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December 03, 2025
2 Firms Advise As Marvell Inks Up To $5.5B Celestial AI Deal
Wilson Sonsini Goodrich & Rosati PC and Latham & Watkins LLP are advising Marvell Technology and Celestial AI, respectively, on an up to $5.5 billion deal that will expand Marvell's position in high-speed connectivity for artificial intelligence data centers.
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December 03, 2025
How Energy Scarcity Is Changing Data Center Deals
Building digital infrastructure has become a high-stakes, complex game thanks to energy constraints and the pressure of having billions of dollars on the line, leading to tenser negotiations and to some developers building their own power plants, attorneys say.
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December 03, 2025
Ropes & Gray Advises $4.6B Sculptor Real Estate Fund Close
Asset manager Sculptor Capital Management said Wednesday that it has closed an oversubscribed fund at $4.6 billion targeting nontraditional real estate investments.
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December 02, 2025
Miami Dade College Votes To Transfer Land For Trump Library
The Miami Dade College board of trustees voted again Tuesday to transfer a parcel of land in downtown Miami to the state of Florida to build the Donald J. Trump Presidential Library, after saying the library would be a boon to both the school and community.
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December 02, 2025
Nuveen Real Estate Caps $650M Debt Fund
Asset management firm Nuveen Real Estate capped its first closed-end fund focused on commercial property debt at $650 million, beating the investment vehicle's target, the company said Tuesday.
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December 02, 2025
Oberon Says UK REIT Owes $40M Fee For Assura Takeover
A New York investment bank accused a healthcare-focused U.K. real estate investment trust and an affiliate of owing more than $40 million after the bank found a real estate portfolio acquisition target for the REIT, in a suit filed Monday in New York federal court.
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December 02, 2025
Monsanto Agrees To $120M Deal Over Ill. PCB Pollution
Monsanto Co. has reached a deal to pay $120 million to the state of Illinois to resolve a lawsuit seeking to hold the company liable for polychlorinated biphenyls pollution into the state's air, water and soil, Illinois Attorney General Kwame Raoul has announced.
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December 02, 2025
Pillsbury Advises $630M Refi For Miami's 830 Brickell Tower
Investment manager Cain and developer OKO Group said Tuesday that they've landed a $630 million refinancing for their 830 Brickell office tower in Miami to replace a 2024 construction bridge loan.
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December 02, 2025
Two Firms Advise $130M Brooklyn Waterfront Parcel Buy
Two firms advised on the $130 million purchase and financing of a waterfront parcel in Greenpoint, Brooklyn.
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December 02, 2025
2 Firms Lead $800M Sale Of Stake In Vegas Blackstone Resort
Realty Income Corp. has agreed to buy an $800 million stake in Blackstone's Las Vegas CityCenter complex, in a deal that allows the asset manager to maintain control of the site.
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December 02, 2025
Simpson Thacher Guides Stonepeak's Student Housing Buy
Alternative investment firm Stonepeak and Cardinal Group, both guided by Simpson Thacher & Bartlett LLP, acquired a three-property, 2,300-bed student housing portfolio located in several Sunbelt public universities, Stonepeak announced Tuesday.
Expert Analysis
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Utilizing Rep And Warranties Insurance In CRE Transactions
With insurance and commercial real estate legal trends suggesting that representations and warranties insurance is likely to grow substantially in the next several years, CRE buyers and sellers should learn how such insurance can help resolve conflicting positions during transaction negotiations, say attorneys at Troutman.
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Recent Decisions Caution Against Broad Indemnity Provisions
Two recent decisions in disparate jurisdictions are reminders that businesses and practitioners should be mindful of contractual indemnity rights and draft indemnity provisions that enhance the predictability of enforceability without being overly broad, says Gregory Jaske at Olshan Frome.
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How Real Estate Funds Can Leverage Del. Statutory Trusts
Over the last two years, traditional real estate fund sponsors have begun to more frequently adopt Delaware Statutory Trust programs, which can help diversify capital-raising strategies and access to new sources of capital, among other benefits, say attorneys at Polsinelli.
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What 9th Circ. Ruling Shows About Rebutting SEC Comments
The Ninth Circuit's June opinion in Pino v. Cardone Capital suggests that a company's lack of pushback to a U.S. Securities and Exchange Commission comment may be evidence of its state of mind for evaluating potential liability, meaning companies should consider including additional disclosure in SEC response letters, say attorneys at Barnes & Thornburg.
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2 NY Cases May Clarify Foreclosure Law Retroactivity
Two pending cases may soon provide the long-awaited resolution to the question of whether retroactive application of the New York Foreclosure Abuse Prevention Act violates the state Constitution, providing a guide for New York courts inundated with motions in foreclosure and quiet title actions, says Fernando Rivera Maissonet at Hinshaw & Culbertson.
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A Look At Florida's New Protected Series LLC Legislation
A new law in Florida enhances the flexibility of using limited liability companies as the entities of choice for most privately held businesses, moving Florida into a small group of states with reliable uniform protected series legislation for series LLCs, says Louis Conti at Holland & Knight.
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How Trump's Trade Policies Are Shaping Foreign Investment
Five months into the Trump administration, investors are beginning to see the concrete effects of the president’s America First Investment Policy as it presents new opportunities for clearing transactions more quickly, while sustaining risk aversion related to Chinese trade and potentially creating different political risks, say attorneys at Covington.
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Bill Leaves Renewable Cos. In Dark On Farmland Reporting
A U.S. Senate bill to update disclosure requirements for foreign control of U.S. farmland does not provide much-needed guidance on how to report renewable energy development on agricultural property, leaving significant compliance risks for project developers, say attorneys at Hodgson Russ.
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Observations On 5 Years Of Non-Notified CFIUS Inquiries
Since 2020, the Committee on Foreign Investment in the United States has identified and investigated covered cross-border transactions not formally notified to CFIUS, and a look at data from 50 non-notified matters during that time reveals the general dynamics of this enforcement function, say attorneys at Cooley.
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How States Are Taking The Lead On Data Center Regulation
While support for data center growth is a declared priority for the current administration, federal data center policy has been slow to develop — so states continue to lead in attracting and regulating data center growth, say attorneys at Steptoe.
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Texas Bill Could Still Boost Property Rights In Gov't Disputes
The passage of a bill in Texas that would provide litigants with access to a greater swath of judicial remedies in immunity disputes with government entities and officials would be an invaluable boon for property rights, says Nathan Vrazel at Munsch Hardt.
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Indemnity Lessons From Mass. Construction Defect Ruling
The Massachusetts high court's decision in Trustees of Boston University v. CHA, holding that a bespoke contractual indemnity provision means that a construction defect claim is not subject to Massachusetts' statute of repose, should spur design and construction professionals to negotiate limited provisions, says Christopher Sweeney at Conn Kavanaugh.
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4 Strategies For De-Escalating Hospitality Industry Disputes
As recent uncertainty in the travel business exacerbates the risk of conflict in the hospitality sector, industry in-house counsel and their outside partners should consider proactive strategies aimed at de-escalating disputes, including preserving the record, avoiding boilerplate clauses and considering arbitration, say Randa Adra at Crowell and Stephanie Jean-Jacques at Hyatt.