Commercial

  • 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.

  • May 02, 2025

    Phoenix Industrial Project Deliveries, Starts Balance In Q1

    The Phoenix industrial market saw 7.3 million square feet of new space delivered in the first quarter, while new construction slowed to its lowest level since 2020, balancing one of the top U.S. markets for net absorption, according to commercial broker Colliers.

  • May 02, 2025

    Nixon Peabody Appoints Finance, Tax Partner As DC Leader

    Nixon Peabody LLP has appointed a more than 20-year veteran of the firm as its Washington, D.C., office managing partner, who focuses his practice on a range of corporate, finance and real estate matters, according to a Thursday announcement.

  • May 02, 2025

    Colorado Investor, Ex-Counsel Trade Blows In Malpractice Suit

    A Colorado real estate investor and Fox Rothschild LLP have filed a flurry of motions in a legal malpractice suit, with the investor requesting that the firm be found liable for damages amid its representation in an underlying fight over a soured development deal, and the firm contending the investor abandoned a claim over attorney fees.

  • May 02, 2025

    Goldberg Weprin, Fried Frank Guide $164M Brooklyn Site Sale

    Developers Charney Cos. and Tavros, advised by Goldberg Weprin Finkel Goldstein LLP, have bought a fully permitted development site in Brooklyn's Gowanus neighborhood from RFR, led by Fried Frank Harris Shriver & Jacobson LLP, for $164 million, the companies said this week.

  • May 02, 2025

    Trump Proposes Massive Cuts To Federal Housing Assistance

    The Trump administration outlined $163 billion in cuts to non-defense government spending next year in a Friday memo from the Office of Management and Budget, including significant cuts to federal rental assistance to shift responsibility for the programs to states.

  • May 02, 2025

    Dickinson Wright Combines With Firm, Opens Seattle Office

    Dickinson Wright PLLC announced that it has combined with Seattle-based Ashbaugh Beal LLP and opened a full-service office in the city, now home to 11 attorneys and the firm's first foray into the Northwest.

  • May 01, 2025

    Claims Against Attys In $2.6B Casino Merger Row Get Tossed

    A Manhattan federal judge on Thursday permanently ended claims a real estate investor in a botched $2.6 billion Philippine casino deal brought against attorneys from Sadis & Goldberg LLP, finding that claims that they allowed a fraud to unfold and breached their fiduciary duties were too vague.

  • May 01, 2025

    Soccer Club Spars Over Evidence As Stadium Trial Looms

    An Oklahoma soccer team suing the National Premier Soccer League for breach of contract argued that the trial court should allow evidence showing that it lost revenue after the organization refused to allow access to a local stadium for its home games.

  • May 01, 2025

    VICI Touts Casino Loan, Despite 'Difficult' Collateral Structure

    VICI Properties Inc. agreed to provide up to $510 million for a new casino near Madera, California, noting that even though the tribal ownership structure could complicate an attempt to take collateral in the future, it's confident in the operator tapped to oversee the property.

  • May 01, 2025

    Ballard Spahr Adds Real Estate Ace From Hunton In DC

    Ballard Spahr hired ex-Hunton Andrews Kurth LLP attorney Jill S. Parks as a partner for the firm's real estate department and its teams for real estate development and transactions and zoning and land use in its District of Columbia office, the firm announced Thursday.

  • May 01, 2025

    Masonry Exec Cops To $52M Amtrak Program Bribery Scheme

    The owner of an Illinois-based masonry business awarded a federal contract to renovate Philadelphia's historic 30th Street Station admitted Wednesday to bribery charges in a case alleging he had his executives shower gifts on an Amtrak employee who then approved additional work that added $52 million to the project's cost.

  • May 01, 2025

    Zipcar, Garage Not Liable For Injuries To Driver Returning Car

    Massachusetts-based car sharing company Zipcar and the owner of a public parking garage are not liable for injuries suffered by a college student who was struck by a drunken driver while dropping off a car back in 2017, an intermediate appellate court concluded Thursday.

  • May 01, 2025

    Greenberg Traurig Hires Procopio Litigation Duo In San Diego

    Greenberg Traurig LLP announced Wednesday that it has added a member of Procopio Cory Hargreaves & Savitch LLP's management committee and another partner from that firm to its litigation practice in San Diego.

  • May 01, 2025

    Massumi & Consoli Announces New Real Estate Practice

    In a move designed to expand the firm's ability to serve clients in transactional matters, national private equity law boutique Massumi & Consoli announced that it has added a real estate practice, led by two New York-based partners who made the leap from Brown Rudnick LLP.

  • May 01, 2025

    Real Estate Lawyers On The Move

    Winston & Strawn, Honigman and Stephenson Harwood are among the law firms that have made recent real estate or construction hires.

  • May 01, 2025

    Equinix Sees Q1 Revenue Jump As Tariffs Temper Optimism

    Equinix Inc.'s CEO expressed optimism in the data center-focused REIT's first-quarter earnings call, noting its $2.2 billion in revenue, but the executive also urged caution due to tariffs implemented by the U.S. and other countries.

  • April 30, 2025

    Multifamily, Lodging Push CMBS Delinquencies Higher In April

    Commercial mortgage-backed securities tied to multifamily and lodging drove overall delinquency rates in April back up to heights not seen since early in the COVID-19 pandemic, per a Wednesday report from Trepp.

  • April 30, 2025

    Tribes Join Push For High Court To Review Ariz. Tax On Plant

    Arizona misinterpreted federal law and threatened the sovereignty of a Native American tribe with its taxation of a natural-gas-powered plant that sits on a reservation, the tribe told the U.S. Supreme Court in a brief Wednesday.

  • April 30, 2025

    Winston & Strawn Guides $450M Loan For Miami Stadium Plan

    The developers of a $1 billion Miami soccer stadium project under construction have secured a $450 million mortgage from JPMorgan Chase Bank in a transaction advised by Winston & Strawn LLP.

  • April 30, 2025

    Ripe For Revitalization, Owners Transform Class B Malls

    Class B malls are the subject of renewed focus as owners and developers add residential, hotel, medical, entertainment, and food and dining uses to properties in an effort to reverse sinking vacancy rates at the decades-old assets.

  • April 30, 2025

    Equity Sees Housing Shortage As Shield Against Uncertainty

    Equity Residential executives on Wednesday said the rental giant in the first quarter saw record-low levels of resident turnover along with higher year-over-year occupancy, and is expecting a lack of U.S. housing supply to insulate from unfolding economic uncertainty.

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.