Commercial

  • October 20, 2025

    Minneapolis Hilton Wins $70M Cut To Tax Value

    The Minnesota Tax Court has lowered the assessed values of a Hilton hotel in Minneapolis for each of four years, including by $70 million for 2017, adopting the owner's method for parsing the hotel's tangible and intangible assets.

  • October 20, 2025

    CIP, Almanac Land $820M Refi For 6-State Industrial Portfolio

    A joint venture between CIP Real Estate and Almanac Realty Investors obtained an $820 million refinancing for a large portfolio of industrial properties spanning six states, according to a Monday announcement by borrower-side broker JLL.

  • October 20, 2025

    NJ Panel Tosses Challenge To Jersey City Plaza Renovation

    A New Jersey appellate court rejected an appeal for a suit that challenged the renovation of a Jersey City plaza, ruling that the appeal is moot because the renovation project is finished and the plaintiffs don't want to get rid of the renovations.

  • October 17, 2025

    SilverRock $65M Asset Sale Ruling Delayed Amid Objections

    A Delaware bankruptcy judge has delayed California property developer SilverRock Development Co. LLC's $65 million asset sale of a 135-acre site in La Quinta, California, to its stalking horse bidder, following objections from lenders and other creditors.

  • October 17, 2025

    Robbins Geller To Steer REIT Investors' Suit Over $787M Deal

    Robbins Geller Rudman & Dowd LLP will lead a proposed class of investors in real estate investment trust Broadmark Realty Capital Inc. who claim they were misled by executives from the REIT ahead of a $787 million merger with Ready Capital Corp. in 2023.

  • October 17, 2025

    Prologis Eyeing 'The Art Of The Possible' For Data Centers

    Prologis Inc. is bullish on data center development in the near term and said on its recent quarterly earnings call that spending $3 billion a year in data center starts would be "very easy" for the real estate investment trust.

  • October 17, 2025

    Stearns Weaver Adds Phelps Real Estate Ace In Tampa

    Stearns Weaver Miller Weissler Alhadeff & Sitterson PA has picked up a new of counsel for its Tampa office, adding an attorney from Phelps Dunbar LLP who is experienced in transactional real estate matters.

  • October 17, 2025

    2 Firms Steer $4.2B Mandarin Oriental Buyout

    Hong Kong-based conglomerate Jardine Matheson Holdings Ltd. said Friday it will acquire the remaining 11.96% of Mandarin Oriental International Ltd. that it does not already own, valuing the luxury hotel operator at about $4.2 billion.

  • October 17, 2025

    Steptoe Hires Corporate, Energy, Transactions Partner

    Steptoe LLP has hired the former lead land use and real estate counsel for Florida's almost $3 billion I-4 ultimate highway reconstruction project, who has joined the firm's Washington, D.C., transactions practice to continue working with energy, infrastructure and real estate development matters.

  • October 17, 2025

    Taxation With Representation: Latham, Kirkland, Wachtell

    In this week's Taxation With Representation, the Artificial Intelligence Infrastructure Partnership, MGX, and BlackRock's Global Infrastructure Partners acquire Aligned Data Centers from Macquarie Asset Management and co-investors; Rayonier Inc. and PotlatchDeltic Corp. merge to create a timber and wood products giant; and a Lone Star Funds affiliate acquires industrial processing equipment provider Hillenbrand Inc.

  • October 16, 2025

    CBRM Lenders Seek To Nix Ch. 11 Case

    The prepetition lenders to bankrupt affiliates of troubled real estate firm CBRM Realty Inc. have asked a New Jersey bankruptcy court to dismiss the Chapter 11, saying that the real goal of the case is to "vault certain stakeholders ahead of prepetition lenders in a misguided sale process," not reorganization.

  • October 16, 2025

    Insurers Settle Bid To Arbitrate $7M La. Hurricane Ida Case

    A group of domestic and foreign insurers including underwriters at Lloyd's of London have asked a Louisiana federal judge to dismiss their lawsuit seeking an order to arbitrate a $7 million Hurricane Ida damage claim, saying they have settled the dispute.

  • October 16, 2025

    Latham Guides $1.8B Deal For Spanish Senior Home Operator

    The real estate arm of StepStone Group Inc. and European real estate investment firm Greykite have announced a €1.5 billion ($1.8 billion) deal to acquire and recapitalize Vitalia, Spain's second largest owner-operator of senior care homes.

  • October 16, 2025

    3 Firms Shape MGM's $546M Sale Of Ohio Gambling Venue

    MGM Resorts International, guided by Weil Gotshal & Manges LLP, plans to sell the operations of a racetrack and casino in Northfield Park, Ohio, for $546 million to private equity firm Clairvest Group, advised by Chapman and Cutler LLP and Duane Morris LLP, the companies said Oct. 16.

  • October 16, 2025

    Greenberg Traurig, Simpson Thacher Guide $730M Tower Buy

    SL Green Realty Corp. has purchased the Park Avenue Tower in Manhattan from Blackstone Inc. for $730 million, in a transaction guided by Greenberg Traurig LLP and Simpson Thacher & Bartlett LLP.

  • October 16, 2025

    Parker Poe Adds Onetime Stites & Harbison Office Leader

    Parker Poe Adams & Bernstein LLP has brought on the former leader of Stites & Harbison PLLC's Atlanta office to its own office in the city, bolstering its real estate and finance services with an attorney who brings four decades of legal experience.

  • October 16, 2025

    Justices Asked To Rethink Gellert Seitz Malpractice Ruling

    Lawyers for a homebuilder are asking Delaware's Supreme Court to reconsider its decision affirming the dismissal of a legal malpractice suit against Gellert Seitz Busenkell & Brown LLC over damages the builder said it suffered due to the firm's negligence handling loan-restructuring disputes, arguing that key issues have been left unresolved.

  • October 15, 2025

    Texas Panel Asks Why $12M Verdict Higher Than Project Cost

    A Texas appeals panel pushed a developer to justify a roughly $12 million verdict against a construction company given the developer paid around that amount to build the apartment at the center of the suit, asking Wednesday why the developer was entitled to that sum.

  • October 15, 2025

    3rd Circ. Clears Cannabis REIT In Investor Fraud Suit

    The Third Circuit on Wednesday affirmed the dismissal of a securities fraud class action against a cannabis-focused real estate investment trust that alleged the trust violated securities laws by ignoring red flags about a tenant, with the panel finding that investors failed to show they were intentionally misled.

  • October 15, 2025

    Proposed Bill Could Stall NFL Bears' Suburban Stadium Plan

    A member of the Illinois General Assembly has introduced a bill that could delay the Chicago Bears' efforts to build a stadium in the suburbs by requiring a 30-day window to review any proposed state or local agreements on new or renovated pro sports stadiums.

  • October 15, 2025

    Holland & Knight Steers $1.2B Dallas Shopping Center Refi

    NorthPark Partners LP and several affiliates, guided by Holland & Knight LLP, borrowed a $1.2 billion refinancing loan for a 1.9 million-square-foot, Class A++ shopping center in Dallas.

  • October 15, 2025

    How Brownfield Legislation Can Spur More Housing In Calif.

    The extension of a key legal tool in California for easing development on contaminated sites can relieve the state's housing shortage, though more work can be done to improve the legislation and make it work better with other environmental regulations, according to a partner at Cox Castle & Nicholson LLP.

  • October 15, 2025

    Ga. Justices Stand By Holding That Runoff Fees Aren't Taxes

    The Supreme Court of Georgia has for the second time ruled that a landowner can't use a constitutional challenge to get out of paying stormwater utility bills to its local government, declining Wednesday to overturn a decade-plus precedent that ruled the county was enforcing a fee rather than a tax.

  • October 15, 2025

    Crescent Heights Nets $238M Refi For Miami Apartment Tower

    Real estate firm Crescent Heights obtained a $238 million loan to refinance a luxury residential building in Miami's Edgewater neighborhood, the parties announced Wednesday.

  • October 15, 2025

    Southeast US Infrastructure Firm Files $100M IPO Plans

    North Carolina-based infrastructure company Cardinal Infrastructure Group has filed plans with the U.S. Securities and Exchange Commission to raise up to $100 million in an initial public offering, a move that comes as a handful of companies continue to submit IPO plans despite the ongoing government shutdown slowing SEC operations.

Expert Analysis

  • Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream

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    As shown by ongoing legal battles involving New York City Mayor Eric Adams and Sean “Diddy” Combs, it’s challenging for defendants to obtain relief when they believe the government leaked sensitive information to the media, but defense counsel can take certain steps to mitigate the harm, says Kenneth Notter at MoloLamken.

  • A Legal Perspective On NYC's Retail Real Estate Evolution

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    As New York City's retail market begins to show signs of resilience after the challenges of recent years, landlords must be cognizant of legal implications from shifting trends toward shorter-term leases and pop-up stores, says Andrea Gendel at Pryor Cashman.

  • What Interest Rate Cuts Mean For Housing Markets

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    The Federal Reserve's recent reduction of interest rates may provide limited immediate relief for real estate sectors, but offers potential opportunities for commercial real estate investors and construction firms, which now face an environment ripe for new projects, say attorneys at Cozen O'Connor.

  • How CFIUS' Updated Framework Affects Global Investors

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    The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.

  • Foreclosing Lenders Still Floating In Murky Legal Waters In NY

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    The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.

  • NYC Hotel Licensing Law's Costs May Outweigh Its Benefits

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    A hotel licensing bill recently approved by New York's City Council could lead to the loss of many nonunionized hotels that cannot afford to comply, says Stuart Saft at Holland & Knight.

  • Calif. Ruling Offers Hope For Mitigated Negative Declarations

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    In Upland Community First v. City of Upland, a California appeals court upheld a warehouse development's mitigated negative declaration over its greenhouse gas emissions thresholds — a rare victory against this type of challenge providing reassurance that such declarations can be upheld, say attorneys at Sheppard Mullin.

  • There's No Crying In Property Valuation Baseball Arbitration

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    The World Series is the perfect time to consider how the form of arbitration used for settling MLB salary disputes — in which each side offers competing valuations to an arbitrator, who must select one — is often ideal for resolving property valuation disputes, say Sean O’Donnell at Herrick Feinstein and Mark Dunec at FTI Consulting.

  • Webuild Ruling Complicates Arb. Award Enforcement In US

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    A Delaware federal court's recent decision in Sociedad Concesionaria Metropolitana de Salud v. Webuild, if read literally, could undercut the United States' image as a proarbitration jurisdiction by complicating creditors' efforts to enforce awards against property in this country, says Jeff Newton at Omni Bridgeway.

  • How To Avoid A Costly CPA Limitation Hidden In Most Leases

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    The lease audit rights clause is a seemingly innocuous provision in most commercial real estate leases that ends up costing tenants millions of dollars each year, as they have unwittingly agreed to retain only an accountant to investigate and settle financial issues, says Jason Aster at KBA Lease Services.

  • Navigating FEMA Grant Program For Slope Fixes After Storms

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    In the aftermath of Hurricanes Helene and Milton, it is critical for governments, businesses and individuals to understand the legal requirements of the Federal Emergency Management Agency's grant programs to obtain funding for crucial repairs — including restoration of damaged infrastructure caused by landslides and slope failures, says Charles Schexnaildre at Baker Donelson.

  • Smith's New Trump Indictment Is Case Study In Superseding

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    Special counsel Jack Smith’s recently revised Jan. 6 charges against former President Donald Trump provide lessons for prosecutors on how to effectively draft superseding indictments in order to buttress or streamline their case, as necessary, says Jessica Roth at Cardozo Law School.

  • Consider Best Legal Practices For Commissioning Public Art

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    Commissioning public art for real estate projects can provide many benefits to real estate developers and the public, but it's important to understand the unique legal and contracting aspects of the process to ensure that projects are completed on time and on budget, says Sarah Conley Odenkirk at ArtConverge.