Commercial
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July 08, 2025
Fla. Probes Internet Figures, REIT And Suspect Ponzi Scheme
Florida Attorney General James Uthmeier on Tuesday announced his office has subpoenaed two internet personalities and their real estate investment trust based on allegations that they pocketed money intended for property purchases in what authorities say appears to be a Ponzi scheme.
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July 08, 2025
NYC Real Estate Week In Review
Bleakley Platt and Waxman Law are among the law firms that helped with the largest New York City real estate deals that became public last week, with a nine-figure Queens trade leading the way.
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July 08, 2025
Hospitality REIT Offloads Seattle Hotel In $145M Deal
Braemar Hotels & Resorts sold a 369-room Seattle hotel for $145 million, a property first purchased in 2007 as part of a 51-property portfolio, the real estate investment trust announced Tuesday.
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July 07, 2025
Newark Property Buyer Wins Appeal Over Axed $32.8M Sale
A New Jersey appellate panel on Monday upheld a trial court's ruling that a real estate investment firm properly terminated its $32.8 million purchase agreement for a mixed-use building in Newark after receiving a noncompliant estoppel certificate from one of the tenants, rejecting the seller's argument that the certificate's deficiencies were immaterial.
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July 07, 2025
Taft Adds CRE, Project Finance Attorney In Indianapolis
Taft Stettinius & Hollister LLP has hired Thomas M. Hanahan as a partner in its real estate practice group in Indianapolis.
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July 07, 2025
Fla. Firm Advises Blackstone's $200M Gulf Coast Resort Buy
Blackstone agreed to pay $200 million to acquire a Gulf Coast resort, with Florida-based Farr Law Firm advising seller Allegiant Travel Co.
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July 07, 2025
Maine Authorizes Task Force To Explore Property Tax Changes
Maine authorized the creation of a task force to explore the need for legislation and constitutional amendments to provide more effective property tax relief for residents under a bill signed by the governor.
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July 07, 2025
Tishman Speyer Lands $385M Refi For NYC Office Tower
Tishman Speyer landed a $385 million refinancing of its Class A office property at 300 Park Ave., two years after its commercial mortgage-backed securities loan was sent to special servicing, the property owner announced Monday.
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July 07, 2025
NY Firm Guides Power Authority On $206M Queens Site Buy
The New York Power Authority, advised by Bleakley Platt & Schmidt LLP, has completed a $206 million acquisition of a former Queens power plant site from a BP affiliate, with the purchase intended to bolster clean energy infrastructure.
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July 03, 2025
NY Landlord Sues Walmart, Others In Del. Alleging Fraud
A New York City landlord sued Walmart Inc. and the bankruptcy successor to Bonobos Inc. in Delaware's Court of Chancery late Thursday, asserting hundreds of million in claims and compensatory and punitive damages under both Delaware and New York law arising from an allegedly fraudulent transfer of a Fifth Avenue retailer's lease and obligations.
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July 03, 2025
Gov't Must Still Face Claim In Calif. Shipyard Cleanup Suit
A California federal judge on Thursday granted the U.S. government's bid to trim some claims from a suit challenging aspects of the Hunters Point Naval Shipyard Superfund site cleanup in San Francisco, but not all of them.
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July 03, 2025
Fla. Court Rejects Oral Pact Cutting Loan Interest To 7%
A Florida state appeals court has sided with a Nevada-based lender, reversing an oral agreement to reduce interest on a $2.6 million loan from 25% to 7%, saying such agreements must be in writing.
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July 03, 2025
The Firms That Won Big At The Supreme Court
The number of law firms juggling three or more arguments before the U.S. Supreme Court this past term nearly doubled from the number of firms that could make that claim last term.
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July 03, 2025
Residents Urge Judge To Redo Ruling Backing Alaska Casino
A group of Anchorage, Alaska, residents opposed to a plan to build a casino urged a federal judge to reconsider a ruling finding the Native Village of Eklutna has sovereign immunity and can't face a lawsuit seeking to block the development plan.
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July 03, 2025
Breaking Down The Vote: The High Court Term In Review
The U.S. Supreme Court once again waited until the term's closing weeks — and even hours — to issue some of its most anticipated and divided decisions.
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July 03, 2025
EQT Fund Snaps Up Calif. Industrial Portfolio
EQT Real Estate's industrial fund acquired a 2.04 million-square-foot portfolio of four fully leased, Class A modern logistics facilities in Manteca, California, the real estate arm of EQT Group announced.
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July 02, 2025
How CEQA Reforms Address California's Housing Squeeze
California lawmakers on Monday enacted a new set of escape routes to the California Environmental Quality Act, the state law blamed for constricting housing development to a crisis point. Experts told Law360's Real Estate Authority that while the changes could speed permit processing in some cases, previous attempts to spur housing development by easing CEQA restrictions have proven ineffective.
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July 02, 2025
Construction Co.'s Unit Wins $220M Casino Expansion Deal
A subsidiary of construction company Tutor Perini Corp. won a $220 million contract from the Tule River Indian Tribe's gaming authority to expand the tribe's Porterville, California, casino by building a new tower and events center.
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July 02, 2025
6 States Attys Are Watching For Data Center Energy Policy
Lawmakers and regulators across the country are mulling new policies to address data center energy needs, and while Virginia tends to get a lot of attention on the issue, several other states are also worth keeping tabs on for possible rule changes, according to attorneys.
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July 02, 2025
Local Restrictions In New Fla. Hurricane Law Cause Friction
The Florida Senate hailed the signing late last week of a wide-ranging bill aimed at bolstering the state's handling of hurricanes, but a legal battle could lie ahead, as Gov. Ron DeSantis provided his signature over objections that portions will trample on local governments' authority to regulate land use and development in their own communities.
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July 02, 2025
Judge Backs Forest Service In Idaho Logging Project Dispute
An Idaho federal judge has tossed Rocky Mountain conservation advocates' lawsuit alleging the U.S. Forest Service failed to properly analyze impacts on animal species when it approved a logging and construction project in the Idaho panhandle.
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July 02, 2025
Charter School Funder Gets Nod For $5M Ch. 11 Financing
A Delaware bankruptcy judge said he would grant interim approval to a $5 million debtor-in-possession loan for Charter School Capital Inc., a company that provides funding for charter schools across the country, as it seeks to sell its business by the end of the month.
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July 02, 2025
Legal Sector Sees Record Leases As Firms Eye Premium Digs
Law firm office leasing is off to a red-hot start in 2025, signaling "a long-term commitment to high-quality real estate" in the legal sector even as other industries have reduced their office footprints due to technology and pandemic-driven disruptions, according to a new report.
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July 02, 2025
Fried Frank Guides Industrial Portfolio Recapitalization
Real estate investment firm and developer Crow Holdings, advised by Fried Frank Harris Shriver & Jacobson LLP, recapitalized a 6 million-square-foot, 25-property industrial portfolio with Blackstone-affiliated funds, according to a Tuesday announcement from Newmark Group, which provided guidance for the recapitalization.
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July 02, 2025
Norton Rose Hires K&L Gates Real Estate Ace In LA
Norton Rose Fulbright is building on its California footprint, announcing Wednesday it is bringing in a K&L Gates LLP real estate pro as a partner in its Los Angeles office.
Expert Analysis
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CRE Challenges Demand New Lease And Development Plans
As developers and landlords face declining occupancy of commercial, industrial and office space post-pandemic, a combination of business and lease considerations may better position stakeholders to protect the value and profitability of their commercial real estate, says Geoffrey Leskie at Segal McCambridge.
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Ch. 11 Free-And-Clear Sale Ruling Takes Pragmatic Approach
A recent ruling from a New York bankruptcy court in which the debtors were allowed to sell interests free and clear regardless of a lienholder's objection signals a practical approach and a recalibration of the balance between debtor flexibility and creditor protections, say attorneys at Eversheds Sutherland.
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What's At Stake As 9th Circ. Eyes Cultural Resource Damages
In Pakootas v. Teck Cominco, the Ninth Circuit is faced with the long-unresolved question of whether cultural resource damages are recoverable as part of natural resource damages under the Superfund law — and the answer will have enormous implications for companies, natural resource trustees and Native American tribes, says Sarah Bell at Farella Braun.
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5 Insurance Types For Mitigating Tariff-Related Trade Losses
The potential for significant trade-related losses as a result of increased tariffs may cause companies to consider which of their insurance policies, including marine, builders risk, trade credit, and directors and officers, could provide coverage to alleviate the financial impact, say attorneys at Pillsbury.
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Avoiding Pitfalls Around New Calif. Commercial Lease Law
A California law that became effective this year requires commercial landlords to extend certain protections previously afforded to residential tenancies, and a few key provisions of the law especially warrant reexamination of leasing and operational processes, say attorneys at Holland & Knight.
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Measuring And Mitigating Harm From Discriminatory Taxes
In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.
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Addressing Tariff Price Escalation In Construction Contracts
As construction projects across the U.S. face uncertainty surrounding material price increases driven by government-imposed tariffs, owners and developers should draft strong contracts to protect themselves from tariff-related cost overruns and delays, say attorneys at Akerman.
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How The CRE Industry Is Adapting To Tariff Uncertainty
Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.
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Reconciling 2 Smoke Coverage Cases From California
As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on insurance coverage, the February state appellate ruling denying coverage for property damage from smoke, ash and soot should be viewed as an outlier, say attorneys at Reed Smith.
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Contractor Remedies Amid Overhaul Of Federal Spending
Now that the period for federal agencies to review their spending has ended, companies holding procurement contracts or grants should evaluate whether their agreements align with administration policies and get a plan ready to implement if their contracts or grants are modified or terminated, say attorneys at DLA Piper.
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Contract Disputes Recap: Terminations Galore
Attorneys at Seyfarth examine three recent decisions in which the Civilian Board of Contract Appeals and the Armed Services Board of Contract Appeals provide valuable insights into contract terminations, modifications and the jurisdictional requirements for claims.
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Making The Opportunity Zones Program Great At Last
As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.
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Investor Essentials For Buying Federally Owned Property
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.