Commercial

  • August 16, 2022

    Insurers' Body Urges Quicker Pace On Building Remediation

    An insurance trade group has issued new calls for the government to push for speedier efforts to improve building safety, amid concerns that efforts to fix potentially harmful properties is sluggish.

  • August 15, 2022

    Reimer & Braunstein Guides $342M Chicagoland Loan

    Reimer & Braunstein LLP has helped steer Bank of America's roughly $342 million mortgage for a Goldman Sachs Realty Management Division unit's four industrial properties scattered across the Chicagoland suburbs.

  • August 15, 2022

    JLL Arranges $230M Loan For Boston Life Sciences Facility

    JLL Capital Markets announced Monday it secured a $230 million construction loan on behalf of a developer and two property investment firms for a 262,000-square-foot life sciences building near Boston.

  • August 15, 2022

    Real Estate Rumors: Wolford, SoulCycle, Apple

    Wolford is said to have leased 1,000 square feet in Washington, D.C., SoulCycle reportedly plans to exit the Canada market, and Apple reportedly could start work on a north Austin, Texas, project in early 2023.

  • August 15, 2022

    Colo. Homeowners Group Sues Insurer Over Storm Coverage

    A Denver-area homeowners association is accusing General Star Indemnity Co. of refusing to properly cover losses from a hailstorm in 2018, according to a suit removed to Colorado federal court Saturday.

  • August 15, 2022

    Carter Multifamily Lands $302M Refinancing For Six Properties

    Carter Multifamily, a Florida-based real estate investment firm, has scored a $302 million refinancing through Freddie Mac for a portfolio of six properties across Maryland, Virginia and Alabama, according to an announcement by borrower-side broker JLL Capital Markets.

  • August 15, 2022

    NJ Town Demands Developers Hand Over Property

    The town of Edgewater, New Jersey, wants a federal court to force a developer to turn over land to the town that the developer said it would release as part of an agreement the two inked over a year ago.

  • August 15, 2022

    Norton Rose Absorbs 7 Lawyers From Chicago Boutique

    Norton Rose Fulbright said Monday it has added a seven-lawyer team from Chicago-based renewable energy and real estate boutique Clean Law PC to its real estate practice as the firm continues to expand in the Midwest.

  • August 15, 2022

    White & Case Boosts NY, Houston Offices With 3 New Partners

    White & Case LLP has added three partners to its New York and Houston offices to strengthen its worldwide real estate and mergers and acquisitions practices, the firm said Monday.

  • August 15, 2022

    Simon Property Bids For Early Win In Utilities Fraud Row

    Simon Property Group Inc. urged a Florida federal judge to deliver it an early win in its suit with proposed classes of mall tenants that accused the company of profiting off of inflated electricity rates, while the case's named plaintiff, Cafe Gelato & Panini LLC, bid for summary judgment on counterclaims over allegedly unpaid rent.

  • August 12, 2022

    Contractor Lied About Nobu Hotel Chicago Project, Jury Told

    An Illinois contractor spun a web of lies about the construction progress of a Chicago hotel operated by a hospitality company co-owned by actor Robert De Niro, seeking money for work that wasn't being performed and for subcontractors who were not being adequately paid, an Illinois federal jury heard Friday.

  • August 12, 2022

    Hotel Says Ch. 11 Malpractice Release For Pillsbury Invalid

    The owners of a California hotel are asking a Delaware federal judge to reverse a bankruptcy judge's decision that it is too late for them to pursue malpractice claims against Pillsbury Winthrop Shaw Pittman LLP on allegations of bad bankruptcy advice.

  • August 12, 2022

    New 25% Chip Tax Credit Sparks Interest Amid Uncertainty

    Semiconductor companies can receive a 25% tax credit thanks to a new law designed to help boost domestic chip production, but the incentive has practitioners uncertain as to what kind of investments can qualify.

  • August 12, 2022

    Calif. Tribe's Fed. Casino Construction Suit Tossed, For Now

    A California federal judge has temporarily dismissed the Coyote Valley Band of Pomo Indians' suit against a Golden State judge and other defendants in the tribe's long-running dispute over a casino project, saying on Friday that the district court is the wrong venue for the case.

  • August 12, 2022

    US Courts Can't Weigh In On Seized Cuban Mine Dispute

    The Eleventh Circuit ruled on Friday that federal courts don't have jurisdiction to hear claims from the descendants of a Cuban mine owner who allege that a Canadian mining company's management of the mines amounts to trafficking in violation of the Helms-Burton Act.

  • August 12, 2022

    Fox Rothschild Boosts Litigation Teams In NYC And LA

    Fox Rothschild LLP has hired two litigation attorneys on opposite coasts, adding a litigation partner from Berkes Crane Santana & Spangler LLP in Los Angeles and a partner from Tarter Krinsky & Drogin LLP in New York, the firm announced this week.

  • August 12, 2022

    Phelps Dunbar RE Partner Trio Joins Spencer Fane In Tampa

    Spencer Fane LLP has added a trio of partners to its real estate practice group in Tampa, Florida, from Phelps Dunbar LLP.

  • August 12, 2022

    Real Estate Rumors: Shop Fresh, Navarro, Hivemind

    Shop Fresh has reportedly leased 20,000 square feet in Brooklyn, Benjamin Navarro is said to be buying an Ohio professional tennis tournament and may be paying $250 million or more, and Hivemind Capital has reportedly leased 7,137 square feet in Manhattan.

  • August 12, 2022

    Nixon Peabody Works On $150M Ill. Property Redevelopment

    Nixon Peabody LLP advised an affiliate of Kensington Development Partners on the purchase and redevelopment of a 23-acre site in Illinois for $150 million that will serve as the future home to a new modern entertainment and residential district, according to a recent announcement.

  • August 12, 2022

    Trump Org., CFO Ordered To Face Charges At Oct. Trial

    A New York state judge on Friday largely rejected an attempt by the Trump Organization and its longtime finance chief Allen Weisselberg to escape tax fraud charges, setting a trial date for Oct. 24 in Manhattan.

  • August 11, 2022

    Shell Can't End Suit Over Chemical Exposure From La. Plant

    A woman who says exposure to a former Shell chemical plant caused her breast cancer can proceed with her suit against the plant's owners, a Louisiana federal judge ruled Wednesday, finding that she couldn't have reasonably connected the chemicals to her illness until years after her diagnosis.

  • August 11, 2022

    'Confusion' Warrants NJ Tax Challenge Ruling, Court Told

    An advocacy organization took aim Thursday at what it claimed was uncertainty surrounding a New Jersey bill that closed certain avenues for taxpayers to appeal the assessments or exempt status of properties owned by others, and urged a state judge to find that similar challenges may still be brought to the courthouse.

  • August 11, 2022

    Project Lead Reflects On Climate-Focused Hospital 10 Years In

    David Burson, senior project manager for real estate and facilities at Mass General Brigham, reflects on the hospital’s environmental sustainability and resiliency features as the U.S. Department of Health and Human Services signals intent to reduce the sector’s climate harms.

  • August 11, 2022

    NM Judge Trims Navajo Farmers' Claims In Gold King MDL

    A New Mexico federal judge on Thursday cut some claims and preserved others brought by Navajo farmers and ranchers against the U.S. Environmental Protection Agency and an EPA contractor for noneconomic damages from the 2015 Gold King Mine spill.

  • August 11, 2022

    Watchdog Flags $3B Port Project's Fraud Risks, Hiring Needs

    A federal watchdog warned a General Services Administration subdivision on Thursday that past audits indicate it should be on guard for fraud risks and will need to recruit for key oversight roles as it puts the $3.4 billion it received under the infrastructure bill to use.

Expert Analysis

  • Business Insurance Considerations Amid Conflict In Ukraine

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    As the conflict in Ukraine continues to wreak havoc on global business operations and supply chains, companies should carefully assess all the various types of insurance coverage that may mitigate corporate losses, say attorneys at Morgan Lewis.

  • Justices Could Tighten Fraud Statute In Ex-Cuomo Aide Case

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    The U.S. Supreme Court has an opportunity to overturn the conviction of an aide to former New York Gov. Andrew Cuomo in Percoco v. U.S., thereby restraining federal prosecutors' use of the honest services fraud statute and confining its application to cases of true public corruption, says Scott Coffina at Montgomery McCracken.

  • Cos. Should Engage With EPA On PVC Hazard Designation

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    A pending petition to the U.S. Environmental Protection Agency to classify discarded polyvinyl chloride products as hazardous waste could have wide-ranging and unanticipated effects due to the ubiquity of PVC products — so potentially regulated industries should provide information to the EPA on the economic impact of such a move, say attorneys at Kilpatrick.

  • Contraction Right Considerations In NYC Commercial Leases

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    With continuing uncertainty in New York City's commercial real estate market, landlords and tenants should consider the inclusion of a properly drafted, mutually beneficial contraction provision in office leases, say Alex Rosenthal and Billy Michaca at Lowenstein Sandler.

  • Examining Equitable Mootness After High Court Ch. 11 Denial

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    The U.S. Supreme Court’s recent refusal to take on the KK-PB Financial v. 160 Royal Palm Chapter 11 case means that the controversial equitable mootness doctrine remains valid, benefiting debtors and warranting a look at how courts have applied the doctrine in the past, says Daniel Lowenthal at Patterson Belknap.

  • What Mass. Harbor Development Ruling Means For Projects

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    The Massachusetts high court's recent decision in Armstrong v. Secretary of Energy and Environmental Affairs, striking down use of municipal harbor plans for tidelands licensing, will create hurdles for waterfront projects, say Vic Baltera and Leigh Gilligan at Sullivan & Worcester.

  • In-House At A Cannabis Company: The Real Estate Issues

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    Many cannabis businesses face obstacles when acquiring the real estate needed to operate, from city-imposed fees to premiums on rent, but several strategies can be used to navigate this challenging aspect of the burgeoning industry, which is projected to be valued at $32 billion by year’s end, says Benjamin Clack at Curaleaf.

  • Negotiating A Commercial Lease Agreement During Inflation

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    With inflation potentially leading to unexpectedly high rent increases, commercial tenants should understand the common forms of rent escalation in order to better negotiate new leases and determine reasonable alternative methods for future rent increases, says Arthur Yermash at Campolo Middleton.

  • Formula One Races Bring Real Estate Considerations

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    As growing public interest and media attention drive Formula One's expansion, cities may consider hosting races to boost their global profiles, but should carefully consider the real estate-related challenges as well as potential economic payoffs, say Emily Bias and David Wright at Pillsbury.

  • As The Economy Stumbles, Where Are All The Bankruptcies?

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    There have been depressed levels of bankruptcy filings so far this year, which is puzzling considering adverse developments and malign forces still working against the broader economy and corporate sector, but possibly explained by leveraged credit market conditions, says Mike Eisenband at FTI Consulting.

  • What High Court Sears Case May Mean For Section 363 Sales

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    Anyone considering purchasing bankruptcy estate property should pay close attention to the U.S. Supreme Court's upcoming review of a lease dispute between Sears Holdings and the Mall of America, because the case has the potential to make Section 363 sales and leases more vulnerable to unraveling by appellate courts, say Thomas Loeb and Drew Parobek at Vorys.

  • Another Retail Bankruptcy Wave May Be On Its Way

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    Despite the low number of retail bankruptcy filings over the last year, record high inflation, heightened inventory levels and a potential recession have begun to trigger an uptick in distress across the retail sector, which could lead to a rise in bankruptcies, say George Angelich and Brett Goodman at ArentFox Schiff.

  • Navigating Single-Asset Real Estate Status In Bankruptcy

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    A California district court recently held that a property that doesn’t produce income is a single-asset real estate debtor in Shady Bird Lending v. The Source Hotel, highlighting how such designation can affect the trajectory of Chapter 11 bankruptcy cases and how a creditor secured by such property can obtain relief from the automatic stay, say attorneys at Kramer Levin.