Commercial

  • May 14, 2025

    Biotech Firm Verax Tells Court Eviction Could End Company

    Biotech company Verax Biomedical Inc. has said it faces the prospect of going out of business unless a Massachusetts judge agrees to block its landlord from proceeding with an eviction, at least through the end of its current lease.

  • May 14, 2025

    Ore. Riverfront Parcel Overvalued, State Tax Court Finds

    An Oregon riverfront property was overvalued by $12,000 in tax year 2022-23, the Oregon Tax Court said, lowering its real market value while rejecting the owner's arguments for a much deeper cut. 

  • May 14, 2025

    Minn. School Can Skip Accrediting For Tax Break, Court Says

    A Minnesota school seeking a property tax exemption as an educational entity is not required to show accreditation by an outside organization to qualify for the break, the state tax court said.

  • May 14, 2025

    NYC Real Estate Week In Review

    Fried Frank, Gibson Dunn and Kramer Levin are among the law firms that handled the largest New York City real estate deals that became public last week, a list topped by Amazon and Blackstone purchases in Manhattan.

  • May 14, 2025

    Kirkland-Led Northleaf Clinches $2.6B Infrastructure Fund

    Kirkland & Ellis LLP-advised Northleaf Capital Partners has wrapped its fourth infrastructure fund above target after securing $2.6 billion of investor commitments, marking the firm's largest infrastructure fund to date.

  • May 13, 2025

    Ski Resort Owner Offers Alternative Fixes After Antitrust Loss

    A New York ski resort operator is offering alternative remedies for a state court to consider after it found the owner violated antitrust law by acquiring a rival ski operation and shutting it down, despite a call from enforcers for a sale of the property to another operator.

  • May 13, 2025

    State Farm's Emergency Rate Hike Request Approved In Calif.

    California Insurance Commissioner Ricardo Lara announced Tuesday that he had adopted a judge's recommendation to approve State Farm General Insurance Co.'s request for an emergency rate increase for property insurance in the state, following January wildfires that have already cost California insurers $12.1 billion.

  • May 13, 2025

    K&L Gates Adds Ex-Taylor Wessing Atty In London

    K&L Gates LLP announced Tuesday that it has hired a former Taylor Wessing LLP attorney as a partner on its finance team in London.

  • May 13, 2025

    Drugmaker Roche, Affiliate Plan $1.3B Spend In NC, Ind.

    Biotechnology company Genentech will spend $700 million to build a new weight loss drug manufacturing plant near Raleigh, North Carolina, while parent company Roche Group announced a separate $550 million facility in Indianapolis following a commitment last month to pour billions into U.S. manufacturing

  • May 13, 2025

    BCLP Adds 4 Atty Litigation Team From Lewis Brisbois

    Bryan Cave Leighton Paisner LLP announced that the firm has hired a four-member litigation team from Lewis Brisbois Bisgaard & Smith LLP, who will join the firm's class action and mass torts practice group.

  • May 12, 2025

    Dentons Hires Veteran Real Estate Partner In NYC

    Dentons has hired a veteran real estate attorney, who has represented clients such as developers and property owners in real estate projects for more than a decade, for a partner role in one of its New York offices, the firm announced Monday.

  • May 12, 2025

    9th Circ. Questions Vegas Casino Room Rate Claims

    A skeptical Ninth Circuit panel had questions Monday for guests accusing Las Vegas casino-hotel operators of using the same software to inflate room rates about what they need to show for their algorithmic pricing claims to survive.

  • May 12, 2025

    Kraft Heinz, IPS Head To Trial Over $12.5M Project Dispute

    Neither Kraft Heinz Co. nor contractor Industrial Power Systems Inc. can avoid continuing toward a trial in their dispute over cost and time overruns on a $12.5 million project to upgrade an Ohio production facility, after a federal judge denied both sides' motions for summary judgment Monday.

  • May 12, 2025

    Calif. Tribe Can't Halt Decision On $700M Casino, Feds Say

    The U.S. Department of the Interior has urged a D.C. federal court to reject a California tribe's bid to temporarily block the department's decision to rescind gambling eligibility for a $700 million casino project.

  • May 12, 2025

    Real Estate Attorney On Going In-House And Back Again

    For a real estate attorney, Nick Buehner has had an unconventional career path, from flipping houses with his father in high school to landing an in-house role at a prominent developer, where he worked, briefly, on a dazzling Austin skyscraper that now houses Google.

  • May 12, 2025

    Will Justices Finally Rein In Universal Injunctions?

    The U.S. Supreme Court is expected to address for the first time Thursday the propriety of universal injunctions, a tool federal judges have increasingly used to broadly halt presidential orders and policy initiatives, and whose validity has haunted the high court's merits and emergency dockets for more than a decade.

  • May 12, 2025

    Akin Adds Ex-Mayer Brown Real Estate Funds, M&A Partners

    Former Mayer Brown LLP partners Wendy Dodson Gallegos and Jason Wagenmaker have moved to Akin Gump Strauss Hauer & Feld LLP to advise the firm's real estate fund formation and mergers and acquisitions practices, according to a Monday announcement. 

  • May 12, 2025

    Bradley Arant Faces DQ Bid In Georgia Mall Rent Dispute

    A mall has urged a Georgia federal judge to disqualify Bradley Arant Boult Cummings LLP from representing a tenant in an unpaid rent dispute, arguing that the law firm has a conflict of interest because it has represented the mall's sister corporation in similar litigation.

  • May 12, 2025

    Blackstone, King Street-Backed Firm Close $925M Debt Fund

    Colovore, an artificial intelligence data center operator backed by investment firm King Street Capital Management, said Monday that it has raised $925 million in financing from Blackstone funds for new development projects.

  • May 12, 2025

    Blackstone Gets More Time For Warehouse REIT Offer

    Britain's mergers and acquisitions watchdog has handed the U.S. private equity shop Blackstone more time to make a firm offer for Warehouse REIT, the U.K. company said Monday, after Blackstone reduced its £489 million ($646 million) price tag for the real estate investor.

  • May 09, 2025

    NY Developer Denied More Time To Pay SEC $229M Settlement

    A New York federal judge denied a motion by a real estate developer and his wife to extend the deadline for a $229.6 million payment required under a consent judgment with the SEC to settle claims they had schemed to raise money from hundreds of Chinese investors using false statements.

  • May 09, 2025

    New Orleans Wants Out Of Airbnb's Short-Term Rentals Suit

    New Orleans urged a Louisiana federal court on Friday to toss a suit brought by Airbnb Inc. and multiple property owners challenging several of the city's short-term rental ordinances.

  • May 09, 2025

    Vanbarton Plans Resi Conversion Of NYC Catholic Office

    Real estate firm Vanbarton Group has submitted plans for a residential conversion of the Archdiocese of New York's former Midtown East headquarters building, according to documents filed this week.

  • May 09, 2025

    Invcesco REIT Closes First CRE-CLO Fund With $1.2B

    An Invesco real estate investment trust said Friday that it closed its first commercial real estate collateralized loan obligation at $1.2 billion, secured by a mix of multifamily and industrial loans.

  • May 09, 2025

    Seritage Shareholder Sues Over $325M Portfolio Value Loss

    The current and former leadership of Seritage Growth Properties was hit with a derivative shareholder suit in New York federal court, alleging the real estate company's executives caused Seritage's stock value to drop by failing to fix deficient financial reporting and devaluing its portfolio by $325 million.

Expert Analysis

  • 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.

  • Reg Waiver Eases Calif. Rebuilding, But Proceed With Care

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    California Gov. Gavin Newsom's executive order suspending some environmental review and permitting requirements for the reconstruction of homes and businesses damaged by recent wildfires may streamline rebuilding efforts, but will require careful navigation of the evolving regulatory landscape, says Gregory Berlin at Alston & Bird.

  • Insurance Considerations For LA Wildfire Recovery

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    Businesses and homeowners affected by the destructive Southern California wildfires must act swiftly and strategically to navigate the complexities of the insurance recovery process, including by identifying all applicable policies, documenting damage thoroughly and keeping abreast of relevant state law, say attorneys at Morgan Lewis.

  • LA Wildfires' Effect On Calif. Insurer Of Last Resort

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    Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.

  • Public Corruption Enforcement In 2024 Has Clues For 2025

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    If 2024 activity is any indication, the U.S. Supreme Court will likely continue to rein in expansive prosecutorial theories of fraud in the year to come, but it’s harder to predict what the new administration will mean for public corruption prosecutions in 2025, says Cathy Fleming at Offit Kurman.

  • Small Biz Caught In Corporate Transparency Act Crossfire

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    Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.

  • What's Ahead As Transparency Act Comes To A Crossroads

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    Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.

  • Timeline Considerations For Boston's New RE Review Process

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    Boston's newly reimagined large real estate project review process, featuring early community engagement, holds impacts for project timelines that land use counsel must account for when guiding developers through approvals, says David Linhart at Goulston & Storrs.

  • The Story Of 2024's Biggest Bank Regs, And Their Fate In 2025

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    U.S. federal bank regulators were very active in 2024 with initiatives ranging from antitrust and capital to proposals regarding controlling shareholders and incentive-based compensation, but many regulations face an uncertain future under the new administration, say attorneys at Latham.

  • 2024 IPO Market Trends, And What To Expect Next Year

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    The initial public offering market returned to historically typical levels on a deal count basis in 2024 but continued to lag based on proceeds raised due to a larger number of smaller IPOs this year, and signs point to continued ongoing momentum in the next year, say attorneys at Paul Hastings.

  • Adapting Force Majeure To A Predictably Unpredictable World

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    As the climate and political landscapes get more complicated, force majeure provisions will likely be triggered increasingly often, demanding an evolving understanding of when events and their impacts are truly unforeseeable, say attorneys at Nossaman.

  • Impact Of Corporate Transparency Act Ambiguity On Banks

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    Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.

  • Green Projects Face States' Foreign Land Ownership Limits

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    As states impose restrictions and disclosure requirements around foreign investment in agricultural land — in some cases piggybacking on existing federal rules — renewable energy developers and investors must pay close attention to how the rules vary, says Daniel Fanning at Husch Blackwell.