Commercial
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May 08, 2025
Ex-Brookfield Leader Says He Was Fired For Whistleblowing
A former managing partner at Brookfield Asset Management lobbed wrongful termination and defamation claims at his former employer Thursday, claiming that he was fired for refusing to accept a bribe and for filing a whistleblower complaint with the U.S. Securities and Exchange Commission.
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May 08, 2025
CEO Stole Funds To Fuel 'Gambling Habit', Investor Says
An investor in a cybersecurity company has claimed in a new suit that the company's CEO defrauded the investor out of more than $2.8 million through falsified budgets and other means, all to support a "lavish" lifestyle and "severe gambling habit."
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May 08, 2025
Pa. Diner Can't Get Tax Sale Axed Over Price Hike, Panel Says
A diner in a resort in Pennsylvania's Pocono Mountains can't duck a tax sale over the final sale price of the diner property being higher than originally advertised, a state appellate panel said in a precedential ruling Thursday.
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May 08, 2025
Bain, Oliver Street Pick Up $208M Industrial Portfolio
A joint venture between Bain Capital Real Estate and Oliver Street Capital completed a $208 million "private, off-market" deal to acquire a portfolio of Northern New Jersey industrial properties, according to a May 8 announcement.
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May 08, 2025
Miami Atty Joins Arbitration Place After US Expansion
A Miami attorney has joined the roster of decision-makers at Arbitration Place tasked with helping settle international legal disputes out of court following the company's recent expansion to the U.S.
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May 08, 2025
Coverage Uncertain For LA Fire Soil Remediation, Pros Say
Dangerous toxins are being detected in the soil around homes affected by the Los Angeles fires, but experts say that insurance coverage for soil remediation would likely be limited, even if certain policies or provisions could offer some compensation.
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May 08, 2025
NC Ophthalmologist Owes Ex-Partner Office Building Cash
The North Carolina Business Court has ruled that an ophthalmologist who agreed to buy out his former business partner's share of their practice must pay the former partner 36% of the value of their office building under the terms of their confidential settlement agreement.
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May 08, 2025
11th Circ. Judge Frowns On New Arguments In Easement Case
An Eleventh Circuit judge disapproved of a Georgia partnership raising new arguments on appeal as it pursues a tax deduction for a conservation easement donation, saying Thursday that perhaps "we wouldn't be here" if the partnership had argued the points before the lower court.
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May 08, 2025
11th Circ. Says Developer's I-20 Truck Stop Suit Out Of Gas
The Eleventh Circuit has backed a district court's dismissal of a property owner's suit challenging a metro Atlanta county ordinance that for years blocked him from developing his land into a QuikTrip gas station, ruling the county had a "rational basis" for its effective ban on new truck stops.
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May 08, 2025
Industrial Vacancies Expected To Peak In 2025, Colliers Says
Vacancies for U.S. industrial properties are anticipated to hit their peak by the end of the year due to "a significantly reduced construction pipeline," according to a new report from Colliers.
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May 08, 2025
Katten Adds CMBS Pro From Cadwalader
Katten Muchin Rosenman LLP announced that a new partner has joined the firm's structured finance and securitization practice from Cadwalader Wickersham & Taft LLP, noting that she will expand the firm's commercial mortgage-backed securities capabilities.
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May 08, 2025
2nd Circ. Revives Arbitration In Hurricane Damage Suit
The Second Circuit on Thursday revived a bid by surplus insurers seeking to arbitrate claims over hurricane-related property damage in Louisiana, in a ruling that overturns its own precedent on the interpretation of a treaty governing international arbitration.
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May 08, 2025
Morgan Lewis Guides $320M Neighborhood Retail Fund
Investment manager Nuveen Real Estate said May 8 it has raised $320 million in a fund advised by Morgan Lewis & Bockius LLP aimed at grocery-anchored, necessity-based neighborhood retail properties.
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May 08, 2025
Tenn. Hotel Operators To Stop Collecting Tax After 30 Days
Tennessee will require hotel operators to stop collecting occupancy taxes from people who stay for more than 30 days under a bill signed by the governor.
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May 07, 2025
Sidley-Led Insurer Aspen Leads 2 IPOs Raising $508M Total
Private equity-backed specialty insurer Aspen Insurance Holdings Ltd., represented by Sidley Austin LLP, on Wednesday raised $397.5 million after pricing an upsized initial public offering, leading one of two insurance listings that netted $507.5 million combined as more companies tiptoe back into the IPO market.
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May 07, 2025
Fla. Lawmakers Tackle Real Estate Issues, But Is It Enough?
Real estate matters were once again top of mind during the Florida Legislature's 2025 session, but in a year marked by political tensions, it remains to be seen how successfully lawmakers resolved some major questions.
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May 07, 2025
'Preposterous' SEC Rule For Real Estate Could Be Dropped
A proposed rule to make the U.S. Securities and Exchange Commission's custodial requirements for investment advisers apply to all assets, including real estate, could die under current Republican leadership. Some attorneys say the proposal lacked sense to begin with.
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May 07, 2025
Global Hotel Investment Rebounds, But Dips In The Americas
Global hotel investment in the Americas dropped a significant 17.1% in 2024, in marked contrast with cross-border investment in Europe, the Middle East and Africa, which jumped 112% last year, per a CBRE report.
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May 07, 2025
Venable Adds Construction Pro As Partner In Chicago
Venable LLP hired veteran construction attorney Charles "Cully" H. Wahtola III as a partner for the firm's construction law group in its Chicago office, the firm announced.
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May 07, 2025
NYC Developer Conned Investors Out Of $10M, Feds Say
A real estate developer involved in several projects in New York City was charged by federal prosecutors with misappropriating about $10 million in investor funds and using the money to finance a lavish lifestyle and cover gambling losses.
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May 07, 2025
Big Brokers Say Tariff Effects Mostly Missed CRE In Q1
Commercial real estate executives largely shrugged off the effects of trade disputes this spring in reporting first-quarter results, even as they acknowledged more murkiness ahead for the rest of 2025.
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May 07, 2025
MoFo Real Estate Leader Eyes Surge In New Debt Funds
As some banks have pulled back or hit the pause button on commercial real estate lending, nonbank debt funds have been jumping in with full force to fill that lacuna, one of MoFo's real estate leaders told Law360 in a recent interview.
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May 07, 2025
Miami Beach Hotel Industry Not Immune To Market Angst
With strong market fundamentals and significant hospitality projects progressing through its development pipeline, Miami Beach looks poised to build on its long-held standing as a top U.S. travel destination. But uncertainties raised by trade wars and immigration policy threaten to disrupt that sunny outlook, hospitality lawyers say.
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May 07, 2025
Contractor Skanska Promotes Two Civil Division GCs
Construction and development firm Skanska has said it promoted two employees to vice president and assistant general counsel, with both advising separate civil engineering divisions.
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May 07, 2025
DLA Piper Adds Morgan Lewis Commercial Real Estate Pro
DLA Piper hired a partner for the firm's real estate practice group, a commercial real estate attorney who joins the firm from Morgan Lewis & Bockius LLP.
Expert Analysis
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Navigating FEMA Grant Program For Slope Fixes After Storms
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.
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Smith's New Trump Indictment Is Case Study In Superseding
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.
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Consider Best Legal Practices For Commissioning Public Art
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.
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Applying High Court's Domestic Corruption Rulings To FCPA
After the U.S. Supreme Court narrowed the domestic corruption statutes in three decisions over the past year and a half, it’s worth evaluating whether these rulings may have an impact on Foreign Corrupt Practices Act enforcement, and if attorneys can use the court’s reasoning in international bribery cases, says James Koukios at MoFo.
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Climate Among Many Factors Driving Up RE Insurance Costs
A proactive approach to risk management may determine the viability of the U.S. commercial real estate sector as weather crises and other factors drive insurance costs higher, says Ulrick Matsunaga at Crosbie Gliner.
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Bid Protest Spotlight: Debriefings, Timeliness, Documentation
James Tucker at MoFo examines three recent decisions from the Federal Circuit, the U.S. Government Accountability Office and the U.S. Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests.
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A Look At Recent Case Law On Expedited Judgment In NY
A number of recent New York state court decisions clarify and refine the contours surrounding Civil Practice Law and Rule 3213, providing landlords, lenders and other payees guidance on how to seek accelerated judgment in certain litigation, says Alexander Lycoyannis at Holland & Knight.
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Dealmaker Lessons From CFIUS' New Enforcement Webpage
The Committee on Foreign Investment in the United States’ recently launched webpage, which details the actions — and inactions — that led to enforcement activity, provides important insights for dealmakers about filing requirements, mitigation commitments and the cost of noncompliance, say attorneys at Dechert.
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Reassessing Lease Provisions To Account For ESG Initiatives
As companies seek to build ESG considerations into their businesses, it's crucial to understand how such initiatives can quickly become significant enough to compel reassessment of lease agreement provisions, and how best to modify leases accordingly, say Julian Freeman and Gabe Pitassi at Cox Castle.
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Avoid Getting Burned By Agencies' Solar Financing Spotlight
Recently coordinated reports and advisories from the U.S. Department of the Treasury, the Consumer Financial Protection Bureau and the Federal Trade Commission maximize the spotlight on the consumer solar financing market and highlight pitfalls for lenders to avoid in this burgeoning field, says Mercedes Tunstall at Cadwalader.
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Co-Tenancy Clause Pointers For Shopping Center Landlords
Large retail tenants often require co-tenancy provisions in their leases, entitling them to remedies if a shopping center's occupancy drops in certain ways, but landlords must draft these provisions carefully to avoid giving tenants too much control, says Gary Glick at Cox Castle.
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Assessing Algorithmic Versus Generative AI Pricing Tools
A comparison of traditional algorithmic pricing models and those powered by generative artificial intelligence can help regulators and practitioners weigh the pros and cons of relying on large language models to price products or services, say Maxime Cohen at McGill University, and Tim Spittle and Jimmy Royer at Analysis Group.
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Navigating A Potpourri Of Possible Transparency Act Pitfalls
Despite the Financial Crimes Enforcement Network's continued release of guidance for complying with the Corporate Transparency Act, its interpretation remains in flux, making it important for companies to understand potentially problematic areas of ambiguity in the practical application of the law, say attorneys at Sidley.